The Housing Bank for Trade & Finance (AMM:THBK) Beneish M-Score: -2.53 (As of Jun. 29, 2026)


AMM:THBK The Housing Bank for Trade & Finance AMM:THBK
76 GF Score
Price JOD4.86
GF Value JOD3.89
Valuation Modestly Overvalued
! 7 Warning Signs
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What is The Housing Bank for Trade & Finance Beneish M-Score?

The Housing Bank for Trade & Finance AMM:THBK -0.21% 76 Beneish M-Score is -2.53 as of Jun. 29, 2026. GuruFocus rates AMM:THBK with a GF Score™ of 76/100 and a GF Value™ of JOD3.89 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,399 Banks companies, The Housing Bank for Trade & Finance ranks better than 74.41% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for The Housing Bank for Trade & Finance's Beneish M-Score or its related term are showing as below:

AMM:THBK' s Beneish M-Score Range Over the Past 10 Years
Min: -4.07   Med: -2.47   Max: -2.13
Current: -2.53

During the past 13 years, the highest Beneish M-Score of The Housing Bank for Trade & Finance was -2.13. The lowest was -4.07. And the median was -2.47.

AMM:THBK
76GF Score
The Housing Bank for Trade & Finance AMM:THBK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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The Housing Bank for Trade & Finance 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 The Housing Bank for Trade & Finance 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 * 1.001+0.892 * 1.0027+0.115 * 0.9438
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1798+4.679 * 0.002255-0.327 * 1.0835
=-2.53

* 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 JOD450.3 Mil.
Gross Profit was JOD450.3 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD9,392.0 Mil.
Property, Plant and Equipment(Net PPE) was JOD176.1 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD28.6 Mil.
Selling, General, & Admin. Expense(SGA) was JOD8.1 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD236.8 Mil.
Net Income was JOD154.9 Mil.
Gross Profit was JOD0.0 Mil.
Cash Flow from Operations was JOD133.7 Mil.
 Total Receivables was JOD0.0 Mil.
Revenue was JOD449.1 Mil.
Gross Profit was JOD449.1 Mil.
Total Current Assets was JOD0.0 Mil.
Total Assets was JOD9,226.7 Mil.
Property, Plant and Equipment(Net PPE) was JOD182.3 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD27.7 Mil.
Selling, General, & Admin. Expense(SGA) was JOD6.8 Mil.
Total Current Liabilities was JOD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was JOD214.7 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 / 450.324) / (0 / 449.127)
=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)
=(449.127 / 449.127) / (450.324 / 450.324)
=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 + 176.098) / 9392.041) / (1 - (0 + 182.332) / 9226.735)
=0.98125 / 0.980239
=1.001

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
=450.324 / 449.127
=1.0027

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))
=(27.689 / (27.689 + 182.332)) / (28.592 / (28.592 + 176.098))
=0.131839 / 0.139684
=0.9438

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)
=(8.064 / 450.324) / (6.817 / 449.127)
=0.017907 / 0.015178
=1.1798

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)
=((236.767 + 0) / 9392.041) / ((214.683 + 0) / 9226.735)
=0.025209 / 0.023267
=1.0835

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
=(154.873 - 0 - 133.694) / 9392.041
=0.002255

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.

The Housing Bank for Trade & Finance has a M-score of -2.53 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 -2.53 mean?
The Housing Bank for Trade & Finance (AMM:THBK) has a Beneish M-Score of -2.53 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Housing Bank for Trade & Finance and its competitors. According to the industry distribution chart, The Housing Bank for Trade & Finance ranks #358 out of 1399 companies in the Banks industry, placing it in the top 25.6%.
Is The Housing Bank for Trade & Finance's Beneish M-Score too high?
The Housing Bank for Trade & Finance's current Beneish M-Score is -2.53. Based on the distribution chart, The Housing Bank for Trade & Finance ranks #358 out of 1399 companies in the Banks industry, which is above the industry midpoint. Overall, The Housing Bank for Trade & Finance has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Housing Bank for Trade & Finance's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, The Housing Bank for Trade & Finance ranks #358 out of 1399 companies for Beneish M-Score. This puts The Housing Bank for Trade & Finance in the upper 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 The Housing Bank for Trade & Finance and its competitors. The Housing Bank for Trade & Finance's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Housing Bank for Trade & Finance stock overvalued right now?
Based on GuruFocus' analysis, The Housing Bank for Trade & Finance (AMM:THBK) is currently considered Modestly Overvalued. The stock's GF Value™ is JOD3.89, compared to a current price of JOD4.86 — trading 24.9% above its estimated fair value. The current Beneish M-Score is -2.53. The Housing Bank for Trade & Finance's overall GF Score™ is 76/100 with 7 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 The Housing Bank for Trade & Finance (AMM:THBK), the current Beneish M-Score is -2.53 as of Jun. 29, 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 The Housing Bank for Trade & Finance (AMM:THBK) Overvalued in 2026?

Based on GuruFocus' analysis, The Housing Bank for Trade & Finance stock appears to be overvalued. The current stock price of JOD4.86 is trading 24.9% above its estimated GF Value™ of JOD3.89. GuruFocus considers The Housing Bank for Trade & Finance to be Modestly Overvalued.

Key valuation signals for AMM:THBK:

  • Beneish M-Score: -2.53
  • GF Value™: JOD3.89 vs. price of JOD4.86 (24.9% above fair value)
  • GF Score™: 76/100 with 7 warning signs

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

The Housing Bank for Trade & Finance Business Description

Address Prince Shaker Bin Zaid Street, Al-Shumaysani, PO Box 7693, Amman, JOR, 11118
The Housing Bank for Trade & Finance is a commercial banking setup based in Jordan. Its operating segments include Retail Banking, Corporate, Corporate Finance, Treasury, and Others. The Retail Banking segment, which generates maximum revenue, includes accepting deposits from individual customers and small businesses and granting loans, credit cards, and other services. Its Corporate segment includes following up on deposits, credit facilities, and other banking services for institutional and corporate clients; the Corporate Finance segment relates to arranging structured finance and providing services relating to privatizations, IPOs, mergers, and acquisitions; and the Treasury segment provides trading and treasury services and management of the bank's funds in money and capital markets.
76GF Score

Get the complete analysis for AMM:THBK

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

JOD4.86
Price
JOD3.89
GF Value