Jordan Islamic Bank (AMM:JOIB) Beneish M-Score: -1.93 (As of Jun. 28, 2026)


AMM:JOIB Jordan Islamic Bank AMM:JOIB
21 GF Score
Price JOD4.78
! 3 Warning Signs
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What is Jordan Islamic Bank Beneish M-Score?

Jordan Islamic Bank AMM:JOIB +0.21% 21 Beneish M-Score is -1.93 as of Jun. 28, 2026. GuruFocus rates AMM:JOIB with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 1,397 Banks companies, Jordan Islamic Bank ranks worse than 91.98% 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 -1.93 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AMM:JOIB' s Beneish M-Score Range Over the Past 10 Years
Min: -2.44   Med: -2.22   Max: -1.93
Current: -1.93

During the past 13 years, the highest Beneish M-Score of Jordan Islamic Bank was -1.93. The lowest was -2.44. And the median was -2.22.

AMM:JOIB
21GF Score
Jordan Islamic Bank AMM:JOIB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Jordan Islamic 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 Islamic 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+0.892 * 1.2016+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.067726-0.327 * 0.8419
=-1.93

* 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 JOD222.7 Mil.
Gross Profit was JOD222.7 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD6,786.3 Mil.
Property, Plant and Equipment(Net PPE) was JOD0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD7.9 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.0 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD11.2 Mil.
Net Income was JOD71.1 Mil.
Gross Profit was JOD0.0 Mil.
Cash Flow from Operations was JOD-388.5 Mil.
 Total Receivables was JOD0.0 Mil.
Revenue was JOD185.4 Mil.
Gross Profit was JOD185.4 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD6,122.5 Mil.
Property, Plant and Equipment(Net PPE) was JOD0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD6.9 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.0 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD12.0 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 / 222.742) / (0 / 185.367)
=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)
=(185.367 / 185.367) / (222.742 / 222.742)
=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 + 0) / 6786.334) / (1 - (0 + 0) / 6122.472)
=1 / 1
=1

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
=222.742 / 185.367
=1.2016

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))
=(6.914 / (6.914 + 0)) / (7.945 / (7.945 + 0))
=1 / 1
=1

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 / 222.742) / (0 / 185.367)
=0 / 0
=1

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)
=((11.206 + 0) / 6786.334) / ((12.009 + 0) / 6122.472)
=0.001651 / 0.001961
=0.8419

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
=(71.107 - 0 - -388.505) / 6786.334
=0.067726

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 Islamic Bank has a M-score of -1.93 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 -1.93 mean?
Jordan Islamic Bank (AMM:JOIB) has a Beneish M-Score of -1.93 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jordan Islamic Bank and its competitors. According to the industry distribution chart, Jordan Islamic Bank ranks #1285 out of 1397 companies in the Banks industry, placing it in the top 92%.
Is Jordan Islamic Bank's Beneish M-Score too high?
Jordan Islamic Bank's current Beneish M-Score is -1.93. Based on the distribution chart, Jordan Islamic Bank ranks #1285 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Jordan Islamic Bank has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Jordan Islamic Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Jordan Islamic Bank ranks #1285 out of 1397 companies for Beneish M-Score. This places Jordan Islamic 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 Islamic Bank and its competitors. Jordan Islamic Bank's current Beneish M-Score is -1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordan Islamic Bank stock overvalued right now?
Jordan Islamic Bank (AMM:JOIB) has a current Beneish M-Score of -1.93. The current Beneish M-Score is -1.93. Jordan Islamic Bank's overall GF Score™ is 21/100 with 3 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 Islamic Bank (AMM:JOIB), the current Beneish M-Score is -1.93 as of Jun. 28, 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.

Jordan Islamic Bank Business Description

Address Shmeisani Thaqafa Street - 11 August Street, P.O. Box 926225, Amman, JOR, 11190
Jordan Islamic Bank offers banking, financial, and investment services in compliance with the rules and principles of the Islamic Shari'a through its head office, branches and banking offices in the Kingdom as well as its subsidiaries. Its segments include Retail accounts encompass following up on the current and on demand accounts, quasi-equity ,deferred sales receivables, financing, and other banking services related to individuals; Institutions accounts encompass following up on the current and on demand accounts, quasi-equity, deferred sales receivables financing, and other banking services related to the institutions; Investment in assets includes investing in shares, sukuk, and real estate; and Treasury includes trading services and managing the Bank's funds.
21GF 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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