Jordan Kuwait Bank (AMM:JOKB) Beneish M-Score: -2.57 (As of Jul. 06, 2026)


AMM:JOKB Jordan Kuwait Bank AMM:JOKB
68 GF Score
Price JOD3.04
GF Value JOD3.24
Valuation Fairly Valued
! 5 Warning Signs
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What is Jordan Kuwait Bank Beneish M-Score?

Jordan Kuwait Bank AMM:JOKB 68 Beneish M-Score is -2.57 as of Jul. 06, 2026. GuruFocus rates AMM:JOKB with a GF Score™ of 68/100 and a GF Value™ of JOD3.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,398 Banks companies, Jordan Kuwait Bank ranks better than 78.4% 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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AMM:JOKB' s Beneish M-Score Range Over the Past 10 Years
Min: -648.7   Med: -2.33   Max: -0.83
Current: -2.57

During the past 13 years, the highest Beneish M-Score of Jordan Kuwait Bank was -0.83. The lowest was -648.70. And the median was -2.33.

AMM:JOKB
68GF Score
Jordan Kuwait Bank AMM:JOKB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Jordan Kuwait 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 Kuwait 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 * 0.8323+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3047+4.679 * 0.036047-0.327 * 1.1734
=-2.57

* 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 JOD324.8 Mil.
Gross Profit was JOD324.8 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD5,460.6 Mil.
Property, Plant and Equipment(Net PPE) was JOD0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD13.7 Mil.
Selling, General, & Admin. Expense(SGA) was JOD22.6 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD14.0 Mil.
Net Income was JOD97.2 Mil.
Gross Profit was JOD0.0 Mil.
Cash Flow from Operations was JOD-99.7 Mil.
 Total Receivables was JOD0.0 Mil.
Revenue was JOD390.2 Mil.
Gross Profit was JOD390.2 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD5,630.3 Mil.
Property, Plant and Equipment(Net PPE) was JOD0.0 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD12.5 Mil.
Selling, General, & Admin. Expense(SGA) was JOD20.8 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD12.3 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 / 324.757) / (0 / 390.196)
=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)
=(390.196 / 390.196) / (324.757 / 324.757)
=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) / 5460.562) / (1 - (0 + 0) / 5630.326)
=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
=324.757 / 390.196
=0.8323

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))
=(12.543 / (12.543 + 0)) / (13.708 / (13.708 + 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)
=(22.64 / 324.757) / (20.849 / 390.196)
=0.069714 / 0.053432
=1.3047

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)
=((14.009 + 0) / 5460.562) / ((12.308 + 0) / 5630.326)
=0.002565 / 0.002186
=1.1734

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
=(97.152 - 0 - -99.686) / 5460.562
=0.036047

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 Kuwait Bank has a M-score of -2.57 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 -2.57 mean?
Jordan Kuwait Bank (AMM:JOKB) has a Beneish M-Score of -2.57 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jordan Kuwait Bank and its competitors. According to the industry distribution chart, Jordan Kuwait Bank ranks #302 out of 1398 companies in the Banks industry, placing it in the top 21.6%.
Is Jordan Kuwait Bank's Beneish M-Score too high?
Jordan Kuwait Bank's current Beneish M-Score is -2.57. Based on the distribution chart, Jordan Kuwait Bank ranks #302 out of 1398 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Jordan Kuwait Bank has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jordan Kuwait Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, Jordan Kuwait Bank ranks #302 out of 1398 companies for Beneish M-Score. This places Jordan Kuwait Bank in the top 22% of its industry — outperforming the majority of peers. 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 Kuwait Bank and its competitors. Jordan Kuwait Bank's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordan Kuwait Bank stock overvalued right now?
Based on GuruFocus' analysis, Jordan Kuwait Bank (AMM:JOKB) is currently considered Fairly Valued. The stock's GF Value™ is JOD3.24, compared to a current price of JOD3.04 — trading 6.2% below its estimated fair value. The current Beneish M-Score is -2.57. Jordan Kuwait Bank's overall GF Score™ is 68/100 with 5 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 Kuwait Bank (AMM:JOKB), the current Beneish M-Score is -2.57 as of Jul. 06, 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 Kuwait Bank (AMM:JOKB) Overvalued in 2026?

Based on GuruFocus' analysis, Jordan Kuwait Bank stock appears to be undervalued. The current stock price of JOD3.04 is trading 6.2% below its estimated GF Value™ of JOD3.24. GuruFocus considers Jordan Kuwait Bank to be Fairly Valued.

Key valuation signals for AMM:JOKB:

  • Beneish M-Score: -2.57
  • GF Value™: JOD3.24 vs. price of JOD3.04 (6.2% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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

Jordan Kuwait Bank Business Description

Address 62 Ummaya Bin Abed Shams Street, P.O. Box 9776, Abdali, Amman, JOR, 11191
Jordan Kuwait Bank provides all banking and financial activities related to its activities through its head office and 64 branches inside the Kingdom and 2 foreign branches and a group of its subsidiaries, which provide banking services, finance leasing, and brokerage services. Its segments include Retail accounts, Corporate accounts, Treasury, Financial brokerage services, Financial leasing services, and Others.
68GF Score

Get the complete analysis for AMM:JOKB

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

JOD3.04
Price
JOD3.24
GF Value