Jordan Commercial Bank (AMM:JCBK) Beneish M-Score: -2.11 (As of Jul. 02, 2026)


AMM:JCBK Jordan Commercial Bank AMM:JCBK
61 GF Score
Price JOD1.30
GF Value JOD1.27
Valuation Fairly Valued
! 4 Warning Signs
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What is Jordan Commercial Bank Beneish M-Score?

Jordan Commercial Bank AMM:JCBK -0.76% 61 Beneish M-Score is -2.11 as of Jul. 02, 2026. GuruFocus rates AMM:JCBK with a GF Score™ of 61/100 and a GF Value™ of JOD1.27 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,397 Banks companies, Jordan Commercial Bank ranks worse than 86.33% 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.

Good Sign:

Beneish M-Score -2.11 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AMM:JCBK' s Beneish M-Score Range Over the Past 10 Years
Min: -6.97   Med: -2.54   Max: -2.05
Current: -2.11

During the past 13 years, the highest Beneish M-Score of Jordan Commercial Bank was -2.05. The lowest was -6.97. And the median was -2.54.

AMM:JCBK
61GF Score
Jordan Commercial Bank AMM:JCBK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Jordan Commercial Bank 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 Jordan Commercial Bank 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 * 1+0.528 * 1+0.404 * 1.0012+0.892 * 1.1116+0.115 * 0.9909
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8719+4.679 * -0.002834-0.327 * 0.199
=-2.11

* 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 JOD0.00 Mil.
Revenue was JOD60.07 Mil.
Gross Profit was JOD60.07 Mil.
Total Current Assets was JOD0.00 Mil.
Total Assets was JOD1,518.04 Mil.
Property, Plant and Equipment(Net PPE) was JOD27.09 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD4.19 Mil.
Selling, General, & Admin. Expense(SGA) was JOD2.58 Mil.
Total Current Liabilities was JOD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was JOD21.42 Mil.
Net Income was JOD14.06 Mil.
Gross Profit was JOD0.00 Mil.
Cash Flow from Operations was JOD18.36 Mil.
 Total Receivables was JOD0.00 Mil.
Revenue was JOD54.04 Mil.
Gross Profit was JOD54.04 Mil.
Total Current Assets was JOD0.00 Mil.
Total Assets was JOD1,401.34 Mil.
Property, Plant and Equipment(Net PPE) was JOD26.67 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD4.08 Mil.
Selling, General, & Admin. Expense(SGA) was JOD2.67 Mil.
Total Current Liabilities was JOD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was JOD99.35 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 / 60.068) / (0 / 54.039)
=0 / 0
=1

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)
=(54.039 / 54.039) / (60.068 / 60.068)
=1 / 1
=1

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 + 27.09) / 1518.037) / (1 - (0 + 26.666) / 1401.336)
=0.982155 / 0.980971
=1.0012

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
=60.068 / 54.039
=1.1116

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))
=(4.082 / (4.082 + 26.666)) / (4.191 / (4.191 + 27.09))
=0.132757 / 0.133979
=0.9909

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)
=(2.583 / 60.068) / (2.665 / 54.039)
=0.043001 / 0.049316
=0.8719

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)
=((21.416 + 0) / 1518.037) / ((99.347 + 0) / 1401.336)
=0.014108 / 0.070894
=0.199

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
=(14.056 - 0 - 18.358) / 1518.037
=-0.002834

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.

Jordan Commercial Bank has a M-score of -2.11 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.11 mean?
Jordan Commercial Bank (AMM:JCBK) has a Beneish M-Score of -2.11 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jordan Commercial Bank and its competitors. According to the industry distribution chart, Jordan Commercial Bank ranks #1206 out of 1397 companies in the Banks industry, placing it in the top 86.3%.
Is Jordan Commercial Bank's Beneish M-Score too high?
Jordan Commercial Bank's current Beneish M-Score is -2.11. Based on the distribution chart, Jordan Commercial Bank ranks #1206 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Jordan Commercial Bank has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jordan Commercial Bank's Beneish M-Score compare to PNC?
According to the Banks industry distribution chart, Jordan Commercial Bank ranks #1206 out of 1397 companies for Beneish M-Score. This places Jordan Commercial Bank 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 Jordan Commercial Bank and its competitors. Jordan Commercial Bank's current Beneish M-Score is -2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordan Commercial Bank stock overvalued right now?
Based on GuruFocus' analysis, Jordan Commercial Bank (AMM:JCBK) is currently considered Fairly Valued. The stock's GF Value™ is JOD1.27, compared to a current price of JOD1.30 — trading 2.4% above its estimated fair value. The current Beneish M-Score is -2.11. Jordan Commercial Bank's overall GF Score™ is 61/100 with 4 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 Jordan Commercial Bank (AMM:JCBK), the current Beneish M-Score is -2.11 as of Jul. 02, 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.

Is Jordan Commercial Bank (AMM:JCBK) Overvalued in 2026?

Based on GuruFocus' analysis, Jordan Commercial Bank stock appears to be overvalued. The current stock price of JOD1.30 is trading 2.4% above its estimated GF Value™ of JOD1.27. GuruFocus considers Jordan Commercial Bank to be Fairly Valued.

Key valuation signals for AMM:JCBK:

  • Beneish M-Score: -2.11
  • GF Value™: JOD1.27 vs. price of JOD1.30 (2.4% above fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the AMM:JCBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Jordan Commercial Bank Business Description

Address King Abdallah II Street, 8th Circle, Building Number 384, P.O. Box 9989, Al-Rawnaq District, Amman, JOR, 11191
Jordan Commercial Bank Bank provides a comprehensive range of full-service banking solutions covering corporate, retail, treasury, and investment sectors, committed to applying the highest quality standards and offering competitive pricing that meets the diverse financial needs of its clients. The banks segments are Individual accounts includes following up on individual customers deposits, and granting them credit facilities, credit cards and other services; Corporate accounts includes following up on deposits, credit facilities, and Banking services related to corporations; Treasury This segment includes providing dealing services and managing the Banks funds; and Others of which majority of income comes from Corporate segment. It generates majority of income from Inside the Jordan.
61GF Score

Get the complete analysis for AMM:JCBK

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

JOD1.30
Price
JOD1.27
GF Value