Jordan International Insurance Co (AMM:JIJC) Beneish M-Score: 11.68 (As of Jul. 11, 2026)


AMM:JIJC Jordan International Insurance Co AMM:JIJC
30 GF Score
Price JOD0.40
GF Value JOD0.66
Valuation Possible Value Trap
! 2 Warning Signs
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What is Jordan International Insurance Co Beneish M-Score?

Jordan International Insurance Co AMM:JIJC 30 Beneish M-Score is 11.68 as of Jul. 11, 2026. GuruFocus rates AMM:JIJC with a GF Score™ of 30/100 and a GF Value™ of JOD0.66 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 399 Insurance companies, Jordan International Insurance Co ranks worse than 99% 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.

Warning Sign:

Beneish M-Score 11.68 higher than -1.78, which implies that the company might have manipulated its financial results.

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

AMM:JIJC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.17   Med: -2.13   Max: 11.68
Current: 11.68

During the past 13 years, the highest Beneish M-Score of Jordan International Insurance Co was 11.68. The lowest was -3.17. And the median was -2.13.

AMM:JIJC
30GF Score
Jordan International Insurance Co AMM:JIJC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Jordan International Insurance Co 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 International Insurance Co 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 * 14.2075+0.528 * 1+0.404 * 1.0017+0.892 * 1.2045+0.115 * 0.9992
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * -8.1614+4.679 * 0.032301-0.327 * 0.6835
=11.68

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was JOD0.46 Mil.
Revenue was 2.657 + 2.493 + 2.289 + 0.808 = JOD8.25 Mil.
Gross Profit was 2.657 + 2.493 + 2.289 + 0.808 = JOD8.25 Mil.
Total Current Assets was JOD0.00 Mil.
Total Assets was JOD45.94 Mil.
Property, Plant and Equipment(Net PPE) was JOD1.86 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD0.15 Mil.
Selling, General, & Admin. Expense(SGA) was JOD-0.46 Mil.
Total Current Liabilities was JOD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was JOD0.49 Mil.
Net Income was 0.208 + -0.067 + 0.662 + -0.033 = JOD0.77 Mil.
Non Operating Income was 0.008 + -0.219 + 0.051 + 0.005 = JOD-0.16 Mil.
Cash Flow from Operations was 0.348 + -0.293 + -0.364 + -0.25 = JOD-0.56 Mil.
 Total Receivables was JOD0.03 Mil.
Revenue was 2.354 + 1.885 + 1.51 + 1.098 = JOD6.85 Mil.
Gross Profit was 2.354 + 1.885 + 1.51 + 1.098 = JOD6.85 Mil.
Total Current Assets was JOD0.00 Mil.
Total Assets was JOD44.50 Mil.
Property, Plant and Equipment(Net PPE) was JOD1.88 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD0.15 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.05 Mil.
Total Current Liabilities was JOD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was JOD0.70 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)
=(0.462 / 8.247) / (0.027 / 6.847)
=0.05602 / 0.003943
=14.2075

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)
=(6.847 / 6.847) / (8.247 / 8.247)
=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 + 1.861) / 45.943) / (1 - (0 + 1.875) / 44.499)
=0.959493 / 0.957864
=1.0017

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
=8.247 / 6.847
=1.2045

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))
=(0.152 / (0.152 + 1.875)) / (0.151 / (0.151 + 1.861))
=0.074988 / 0.07505
=0.9992

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)
=(-0.462 / 8.247) / (0.047 / 6.847)
=-0.05602 / 0.006864
=-8.1614

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)
=((0.494 + 0) / 45.943) / ((0.7 + 0) / 44.499)
=0.010752 / 0.015731
=0.6835

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
=(0.77 - -0.155 - -0.559) / 45.943
=0.032301

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 International Insurance Co has a M-score of 11.68 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 11.68 mean?
Jordan International Insurance Co (AMM:JIJC) has a Beneish M-Score of 11.68 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jordan International Insurance Co and its competitors. According to the industry distribution chart, Jordan International Insurance Co ranks #395 out of 399 companies in the Insurance industry, placing it in the top 99%.
Is Jordan International Insurance Co's Beneish M-Score too high?
Jordan International Insurance Co's current Beneish M-Score is 11.68. Based on the distribution chart, Jordan International Insurance Co ranks #395 out of 399 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Jordan International Insurance Co has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jordan International Insurance Co's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Jordan International Insurance Co ranks #395 out of 399 companies for Beneish M-Score. This places Jordan International Insurance Co 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 International Insurance Co and its competitors. Jordan International Insurance Co's current Beneish M-Score is 11.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordan International Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, Jordan International Insurance Co (AMM:JIJC) is currently considered Possible Value Trap. The stock's GF Value™ is JOD0.66, compared to a current price of JOD0.40 — trading 39.4% below its estimated fair value. The current Beneish M-Score is 11.68. Jordan International Insurance Co's overall GF Score™ is 30/100 with 2 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 International Insurance Co (AMM:JIJC), the current Beneish M-Score is 11.68 as of Jul. 11, 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 International Insurance Co (AMM:JIJC) Overvalued in 2026?

Based on GuruFocus' analysis, Jordan International Insurance Co stock appears to be undervalued. The current stock price of JOD0.40 is trading 39.4% below its estimated GF Value™ of JOD0.66. GuruFocus considers Jordan International Insurance Co to be Possible Value Trap.

Key valuation signals for AMM:JIJC:

  • Beneish M-Score: 11.68
  • GF Value™: JOD0.66 vs. price of JOD0.40 (39.4% below fair value)
  • GF Score™: 30/100 with 2 warning signs

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

Jordan International Insurance Co Business Description

Address Jabal Amman, 6th Circle, P.O. Box 3253, Building No. 221, Amman, JOR, 11181
Jordan International Insurance Co provides insurance services and products. The company serves both corporate as well as individual customers. The company operates various Insurance such as Medical, Life (Group), Life (Individual), Vehicles (Third Party; Comprehensive; Pool), Marine Goods, Marineship Goods, Fire, Engineering, and other General insurance. The company carries out its activities mainly in the Kingdom, which represents local business. It also carries out international activities through its branches in the Middle East, Europe, Asia, America and the Near East, through which it deals with others.
30GF Score

Get the complete analysis for AMM:JIJC

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

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Price
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GF Value