Bank al Etihad (AMM:ETHD) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


AMM:ETHD Bank al Etihad AMM:ETHD
16 GF Score
Price JOD3.01
! 7 Warning Signs
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What is Bank al Etihad Beneish M-Score?

Bank al Etihad AMM:ETHD +3.08% 16 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates AMM:ETHD with a GF Score™ of 16/100. The stock has 7 warning signs investors should review. Among 1,397 Banks companies, Bank al Etihad ranks worse than 71581.89% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

The historical rank and industry rank for Bank al Etihad's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Bank al Etihad was -2.27. The lowest was -2.75. And the median was -2.54.

AMM:ETHD
16GF Score
Bank al Etihad AMM:ETHD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank al Etihad Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Bank al Etihad for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was JOD0.0 Mil.
Revenue was JOD0.0 Mil.
Gross Profit was JOD0.0 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD12,459.1 Mil.
Property, Plant and Equipment(Net PPE) was JOD149.5 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD27.5 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.0 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD508.5 Mil.
Net Income was JOD69.0 Mil.
Gross Profit was JOD0.0 Mil.
Cash Flow from Operations was JOD1,146.5 Mil.
 Total Receivables was JOD0.0 Mil.
Revenue was JOD0.0 Mil.
Gross Profit was JOD0.0 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD8,351.0 Mil.
Property, Plant and Equipment(Net PPE) was JOD117.1 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD20.0 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.0 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD186.9 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0 / 0) / (0 / 0)
= /
=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(0 / 0) / (0 / 0)
= /
=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 149.524) / 12459.066) / (1 - (0 + 117.095) / 8351.007)
=0.987999 / 0.985978
=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=0 / 0
=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(19.993 / (19.993 + 117.095)) / (27.501 / (27.501 + 149.524))
=0.145841 / 0.155351
=

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0 / 0) / (0 / 0)
= /
=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((508.524 + 0) / 12459.066) / ((186.915 + 0) / 8351.007)
=0.040816 / 0.022382
=

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(68.983 - 0 - 1146.467) / 12459.066
=-0.086482

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Bank al Etihad (AMM:ETHD) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bank al Etihad and its competitors. According to the industry distribution chart, Bank al Etihad ranks #999999 out of 1397 companies in the Banks industry.
Is Bank al Etihad's Beneish M-Score too high?
Bank al Etihad's current Beneish M-Score is 0.00. Based on the distribution chart, Bank al Etihad ranks #999999 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Bank al Etihad has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Bank al Etihad's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Bank al Etihad ranks #999999 out of 1397 companies for Beneish M-Score. This places Bank al Etihad in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Banks company?
A good Beneish M-Score depends on the Banks industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bank al Etihad and its competitors. Bank al Etihad's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank al Etihad stock overvalued right now?
Bank al Etihad (AMM:ETHD) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Bank al Etihad's overall GF Score™ is 16/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Bank al Etihad (AMM:ETHD), the current Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bank al Etihad Business Description

Address Abdel Al Raheem Waked Street, Shmeisani, Amman, JOR, 11194
Bank al Etihad is a Jordan-based financial and banking services institution. The company operates in the following segments: Individual accounts, Small and Medium Enterprises, Corporates, Treasury, and Others. Geographically, the bank derives maximum revenue from Jordan.
16GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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