Jordan National Shipping Lines (AMM:SHIP) Beneish M-Score: -2.50 (As of Jun. 25, 2026)


AMM:SHIP Jordan National Shipping Lines AMM:SHIP
100 GF Score
Price JOD3.51
GF Value JOD15.60
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Jordan National Shipping Lines Beneish M-Score?

Jordan National Shipping Lines AMM:SHIP +0.29% 100 Beneish M-Score is -2.50 as of Jun. 25, 2026. GuruFocus rates AMM:SHIP with a GF Score™ of 100/100 and a GF Value™ of JOD15.60 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 966 Transportation companies, Jordan National Shipping Lines ranks worse than 57.76% on this metric.

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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AMM:SHIP' s Beneish M-Score Range Over the Past 10 Years
Min: -4.42   Med: -2.37   Max: 11.77
Current: -2.5

During the past 13 years, the highest Beneish M-Score of Jordan National Shipping Lines was 11.77. The lowest was -4.42. And the median was -2.37.

Jordan National Shipping Lines Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jordan National Shipping Lines's Beneish M-Score can be seen below:

* 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.

Jordan National Shipping Lines Beneish M-Score Chart

Jordan National Shipping Lines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.87 1.66 -2.35 4.84 -2.92

Jordan National Shipping Lines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.18 11.77 4.09 -2.92 -2.50

Jordan National Shipping Lines Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, Jordan National Shipping Lines's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Jordan National Shipping Lines Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Jordan National Shipping Lines's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Jordan National Shipping Lines's Beneish M-Score falls into.


AMM:SHIP
100GF Score
Jordan National Shipping Lines AMM:SHIP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jordan National Shipping Lines 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 National Shipping Lines 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 * 0.8887+0.404 * 1.0556+0.892 * 1.1102+0.115 * 0.254
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.987+4.679 * 0.004368-0.327 * 1.0724
=-2.50

* 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 JOD1.62 Mil.
Revenue was 1.231 + 16.908 + 2.294 + 1.809 = JOD22.24 Mil.
Gross Profit was 1.231 + 0.074 + 1.893 + 1.459 = JOD4.66 Mil.
Total Current Assets was JOD14.78 Mil.
Total Assets was JOD43.95 Mil.
Property, Plant and Equipment(Net PPE) was JOD15.62 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD0.64 Mil.
Selling, General, & Admin. Expense(SGA) was JOD1.20 Mil.
Total Current Liabilities was JOD5.78 Mil.
Long-Term Debt & Capital Lease Obligation was JOD1.50 Mil.
Net Income was 1.372 + 0.842 + 1.807 + 1.328 = JOD5.35 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = JOD0.00 Mil.
Cash Flow from Operations was 1.916 + -0.702 + 1.476 + 2.467 = JOD5.16 Mil.
 Total Receivables was JOD0.00 Mil.
Revenue was 1.374 + 15.593 + 1.668 + 1.4 = JOD20.04 Mil.
Gross Profit was 1.374 + -0.137 + 1.309 + 1.182 = JOD3.73 Mil.
Total Current Assets was JOD14.81 Mil.
Total Assets was JOD42.95 Mil.
Property, Plant and Equipment(Net PPE) was JOD15.60 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD0.16 Mil.
Selling, General, & Admin. Expense(SGA) was JOD1.10 Mil.
Total Current Liabilities was JOD6.63 Mil.
Long-Term Debt & Capital Lease Obligation was JOD0.00 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)
=(1.623 / 22.242) / (0 / 20.035)
=0.07297 / 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)
=(3.728 / 20.035) / (4.657 / 22.242)
=0.186074 / 0.209379
=0.8887

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 - (14.783 + 15.618) / 43.954) / (1 - (14.806 + 15.598) / 42.949)
=0.308345 / 0.292091
=1.0556

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
=22.242 / 20.035
=1.1102

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))
=(0.158 / (0.158 + 15.598)) / (0.642 / (0.642 + 15.618))
=0.010028 / 0.039483
=0.254

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)
=(1.202 / 22.242) / (1.097 / 20.035)
=0.054042 / 0.054754
=0.987

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)
=((1.498 + 5.776) / 43.954) / ((0 + 6.628) / 42.949)
=0.165491 / 0.154323
=1.0724

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
=(5.349 - 0 - 5.157) / 43.954
=0.004368

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 National Shipping Lines has a M-score of -2.50 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 -2.50 mean?
Jordan National Shipping Lines (AMM:SHIP) has a Beneish M-Score of -2.50 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jordan National Shipping Lines and its competitors. According to the industry distribution chart, Jordan National Shipping Lines ranks #558 out of 966 companies in the Transportation industry, placing it in the top 57.8%.
Is Jordan National Shipping Lines' Beneish M-Score too high?
Jordan National Shipping Lines' current Beneish M-Score is -2.50. Based on the distribution chart, Jordan National Shipping Lines ranks #558 out of 966 companies in the Transportation industry, which is below the industry midpoint. Overall, Jordan National Shipping Lines has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jordan National Shipping Lines' Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, Jordan National Shipping Lines ranks #558 out of 966 companies for Beneish M-Score. This places Jordan National Shipping Lines 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 National Shipping Lines and its competitors. Jordan National Shipping Lines's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordan National Shipping Lines stock overvalued right now?
Based on GuruFocus' analysis, Jordan National Shipping Lines (AMM:SHIP) is currently considered Significantly Undervalued. The stock's GF Value™ is JOD15.60, compared to a current price of JOD3.51 — trading 77.5% below its estimated fair value. The current Beneish M-Score is -2.50. Jordan National Shipping Lines' overall GF Score™ is 100/100 with 6 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 National Shipping Lines (AMM:SHIP), the current Beneish M-Score is -2.50 as of Jun. 25, 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 National Shipping Lines (AMM:SHIP) Overvalued in 2026?

Based on GuruFocus' analysis, Jordan National Shipping Lines stock appears to be undervalued. The current stock price of JOD3.51 is trading 77.5% below its estimated GF Value™ of JOD15.60. GuruFocus considers Jordan National Shipping Lines to be Significantly Undervalued.

Key valuation signals for AMM:SHIP:

  • Beneish M-Score: -2.50
  • GF Value™: JOD15.60 vs. price of JOD3.51 (77.5% below fair value)
  • GF Score™: 100/100 with 6 warning signs

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

Jordan National Shipping Lines Business Description

Address Wadi Saqra Street, Building No. 51, P.O. Box: 5406, Amman, JOR, 11183
Jordan National Shipping Lines is a shipping company based in Jordan. The company's services include shipping, ship operations, chartering, ship agency, marine services, port operations, manning and technical ship management, energy transport, freight forwarding, maritime education, hospitality, and transportation. The company generates revenue from the Marine services sector and Hotel services sector, out of which the majority comes from the marine sector.
100GF Score

Get the complete analysis for AMM:SHIP

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

JOD3.51
Price
JOD15.60
GF Value