Union Tobacco & Cigarette Industries Co (AMM:UTOB) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is Union Tobacco & Cigarette Industries Co Beneish M-Score?

Union Tobacco & Cigarette Industries Co AMM:UTOB 21 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates AMM:UTOB with a GF Score™ of 21/100.

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.

The historical rank and industry rank for Union Tobacco & Cigarette Industries Co's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Union Tobacco & Cigarette Industries Co was 0.00. The lowest was 0.00. And the median was 0.00.

Union Tobacco & Cigarette Industries Co Beneish M-Score Related Terms

Union Tobacco & Cigarette Industries Co Beneish M-Score Historical Data

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The historical data trend for Union Tobacco & Cigarette Industries Co'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.

Union Tobacco & Cigarette Industries Co Beneish M-Score Chart

Union Tobacco & Cigarette Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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2.30

-4.04

-4.21

0.22

-3.36

Union Tobacco & Cigarette Industries Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial															-2.58	-3.36	-2.93	-1.86	-5.70

AMM:UTOB vs PM, MO, UVV: Beneish M-Score Comparison

For the Tobacco subindustry, Union Tobacco & Cigarette Industries Co'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.

Union Tobacco & Cigarette Industries Co Beneish M-Score vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Union Tobacco & Cigarette Industries Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Union Tobacco & Cigarette Industries Co's Beneish M-Score falls into.

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Union Tobacco & Cigarette Industries Co AMM:UTOB

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Union Tobacco & Cigarette Industries 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 Union Tobacco & Cigarette Industries Co for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1

0.528 * -3.286

0.404 * 0.9352

0.892 * 0.2067

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.044392

0.327 * 1.061

-5.70

This Year (Sep24) TTM:

Last Year (Sep23) TTM:

Total Receivables was JOD0.00 Mil.
Revenue was 0 + 0.352 + 1.033 + -0.28 = JOD1.11 Mil.
Gross Profit was 0 + -0.018 + 0.026 + -0.28 = JOD-0.27 Mil.
Total Current Assets was JOD43.19 Mil.
Total Assets was JOD94.41 Mil.
Property, Plant and Equipment(Net PPE) was JOD0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD0.00 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.00 Mil.
Total Current Liabilities was JOD56.62 Mil.
Long-Term Debt & Capital Lease Obligation was JOD13.47 Mil.
Net Income was -0.691 + -1.122 + -1.196 + -0.44 = JOD-3.45 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = JOD0.00 Mil.
Cash Flow from Operations was 0.014 + 0.94 + -0.693 + 0.481 = JOD0.74 Mil.

Total Receivables was JOD0.00 Mil.
Revenue was 1.703 + -0.388 + 1.275 + 2.757 = JOD5.35 Mil.
Gross Profit was 1.703 + -0.607 + 0.472 + 2.757 = JOD4.33 Mil.
Total Current Assets was JOD37.94 Mil.
Total Assets was JOD90.36 Mil.
Property, Plant and Equipment(Net PPE) was JOD0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD0.00 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.00 Mil.
Total Current Liabilities was JOD50.04 Mil.
Long-Term Debt & Capital Lease Obligation was JOD13.20 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 / 1.105)	/	(0 / 5.347)
	=	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)
	=	(4.325 / 5.347)	/	(-0.272 / 1.105)
	=	0.808865	/	-0.246154
	=	-3.286

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 - (43.185 + 0) / 94.409)	/	(1 - (37.937 + 0) / 90.361)
	=	0.542575	/	0.580162
	=	0.9352

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
	=	1.105	/	5.347
	=	0.2067

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 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=	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 / 1.105)	/	(0 / 5.347)
	=	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)
	=	((13.473 + 56.62) / 94.409)	/	((13.197 + 50.036) / 90.361)
	=	0.74244	/	0.699782
	=	1.061

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
	=	(-3.449 - 0	-	0.742)	/	94.409
	=	-0.044392

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.

Union Tobacco & Cigarette Industries Co has a M-score of -5.70 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 0.00 mean?

Union Tobacco & Cigarette Industries Co (AMM:UTOB) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Union Tobacco & Cigarette Industries Co and its competitors.

Is Union Tobacco & Cigarette Industries Co's Beneish M-Score too high?

Union Tobacco & Cigarette Industries Co's current Beneish M-Score is 0.00. Overall, Union Tobacco & Cigarette Industries Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.

How does Union Tobacco & Cigarette Industries Co's Beneish M-Score compare to PM and MO?

Union Tobacco & Cigarette Industries Co's Beneish M-Score of 0.00 can be compared against companies in the Tobacco Products 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 Tobacco Products company?

A good Beneish M-Score depends on the Tobacco Products 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 Union Tobacco & Cigarette Industries Co and its competitors. Union Tobacco & Cigarette Industries Co's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Union Tobacco & Cigarette Industries Co stock overvalued right now?

Union Tobacco & Cigarette Industries Co (AMM:UTOB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Union Tobacco & Cigarette Industries Co's overall GF Score™ is 21/100. 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 Union Tobacco & Cigarette Industries Co (AMM:UTOB), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Union Tobacco & Cigarette Industries Co Business Description

Industry Consumer Defensive Tobacco Products

Comparable Companies AMM:UINV PM MO LSE:BATS NSE:ITC TSE:2914 LSE:IMB HKSE:06969 XKRX:033780 BOM:500163 ISX:HMSP HKSE:06055 XPRA:TABAK CAI:EAST UVV TPB DHA:BATBC ISX:GGRM KAR:PAKT OCSE:STG

Address Um Othaina Arethia Street, Building No. 6, Floor 4, P.O. Box 851015, Amman, JOR, 11185

Website http://www.uniontobacco.com

Union Tobacco & Cigarette Industries Co is engaged in producing, manufacturing, and filling tobacco and cigarettes, water pipe tobacco, cigars, pipe tobacco, and chewing tobacco products.

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