Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) Beneish M-Score: -2.67 (As of Jun. 26, 2026)


BAH:CPARK Bahrain Car Parks Co (Amakin) BSC BAH:CPARK
71 GF Score
Price BHD0.17
GF Value BHD0.13
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Bahrain Car Parks Co (Amakin) BSC Beneish M-Score?

Bahrain Car Parks Co (Amakin) BSC BAH:CPARK 71 Beneish M-Score is -2.67 as of Jun. 26, 2026. GuruFocus rates BAH:CPARK with a GF Score™ of 71/100 and a GF Value™ of BHD0.13 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,682 Real Estate companies, Bahrain Car Parks Co (Amakin) BSC ranks better than 70.75% 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 -2.67 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Bahrain Car Parks Co (Amakin) BSC's Beneish M-Score or its related term are showing as below:

BAH:CPARK' s Beneish M-Score Range Over the Past 10 Years
Min: -3.26   Med: -2.43   Max: -0.08
Current: -2.67

During the past 13 years, the highest Beneish M-Score of Bahrain Car Parks Co (Amakin) BSC was -0.08. The lowest was -3.26. And the median was -2.43.


Bahrain Car Parks Co (Amakin) BSC Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bahrain Car Parks Co (Amakin) BSC'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.

Bahrain Car Parks Co (Amakin) BSC Beneish M-Score Chart

Bahrain Car Parks Co (Amakin) BSC 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 -2.67 -2.47 -2.23 -2.64 -2.67

Bahrain Car Parks Co (Amakin) BSC 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 0.00 0.00 0.00 -2.67 0.00

BAH:CPARK vs CBRE, BEKE, CSGP: Beneish M-Score Comparison

For the Real Estate Services subindustry, Bahrain Car Parks Co (Amakin) BSC'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.


Bahrain Car Parks Co (Amakin) BSC Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Bahrain Car Parks Co (Amakin) BSC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bahrain Car Parks Co (Amakin) BSC's Beneish M-Score falls into.


BAH:CPARK
71GF Score
Bahrain Car Parks Co (Amakin) BSC BAH:CPARK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bahrain Car Parks Co (Amakin) BSC 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 Bahrain Car Parks Co (Amakin) BSC 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 * 0.7099+0.528 * 0.9814+0.404 * 1.4312+0.892 * 1.0521+0.115 * 0.971
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.022997-0.327 * 1.0704
=-2.67

* 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 BHD0.65 Mil.
Revenue was BHD3.25 Mil.
Gross Profit was BHD3.23 Mil.
Total Current Assets was BHD9.91 Mil.
Total Assets was BHD22.53 Mil.
Property, Plant and Equipment(Net PPE) was BHD9.57 Mil.
Depreciation, Depletion and Amortization(DDA) was BHD0.44 Mil.
Selling, General, & Admin. Expense(SGA) was BHD0.00 Mil.
Total Current Liabilities was BHD0.95 Mil.
Long-Term Debt & Capital Lease Obligation was BHD1.01 Mil.
Net Income was BHD1.17 Mil.
Gross Profit was BHD0.00 Mil.
Cash Flow from Operations was BHD1.69 Mil.
Total Receivables was BHD0.87 Mil.
Revenue was BHD3.09 Mil.
Gross Profit was BHD3.01 Mil.
Total Current Assets was BHD10.28 Mil.
Total Assets was BHD22.23 Mil.
Property, Plant and Equipment(Net PPE) was BHD9.85 Mil.
Depreciation, Depletion and Amortization(DDA) was BHD0.44 Mil.
Selling, General, & Admin. Expense(SGA) was BHD0.00 Mil.
Total Current Liabilities was BHD0.77 Mil.
Long-Term Debt & Capital Lease Obligation was BHD1.04 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)
=(0.652 / 3.253) / (0.873 / 3.092)
=0.20043 / 0.282342
=0.7099

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)
=(3.013 / 3.092) / (3.23 / 3.253)
=0.97445 / 0.99293
=0.9814

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 - (9.913 + 9.569) / 22.525) / (1 - (10.283 + 9.846) / 22.227)
=0.135094 / 0.09439
=1.4312

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
=3.253 / 3.092
=1.0521

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))
=(0.441 / (0.441 + 9.846)) / (0.442 / (0.442 + 9.569))
=0.04287 / 0.044151
=0.971

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 / 3.253) / (0 / 3.092)
=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)
=((1.005 + 0.953) / 22.525) / ((1.036 + 0.769) / 22.227)
=0.086926 / 0.081208
=1.0704

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
=(1.174 - 0 - 1.692) / 22.525
=-0.022997

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.

Bahrain Car Parks Co (Amakin) BSC has a M-score of -2.67 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 -2.67 mean?
Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) has a Beneish M-Score of -2.67 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bahrain Car Parks Co (Amakin) BSC and its competitors. According to the industry distribution chart, Bahrain Car Parks Co (Amakin) BSC ranks #492 out of 1682 companies in the Real Estate industry, placing it in the top 29.3%.
Is Bahrain Car Parks Co (Amakin) BSC's Beneish M-Score too high?
Bahrain Car Parks Co (Amakin) BSC's current Beneish M-Score is -2.67. Based on the distribution chart, Bahrain Car Parks Co (Amakin) BSC ranks #492 out of 1682 companies in the Real Estate industry, which is above the industry midpoint. Overall, Bahrain Car Parks Co (Amakin) BSC has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bahrain Car Parks Co (Amakin) BSC's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Bahrain Car Parks Co (Amakin) BSC ranks #492 out of 1682 companies for Beneish M-Score. This puts Bahrain Car Parks Co (Amakin) BSC 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Bahrain Car Parks Co (Amakin) BSC and its competitors. Bahrain Car Parks Co (Amakin) BSC's current Beneish M-Score is -2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bahrain Car Parks Co (Amakin) BSC stock overvalued right now?
Based on GuruFocus' analysis, Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) is currently considered Modestly Overvalued. The stock's GF Value™ is BHD0.13, compared to a current price of BHD0.17 — trading 26.9% above its estimated fair value. The current Beneish M-Score is -2.67. Bahrain Car Parks Co (Amakin) BSC's overall GF Score™ is 71/100 with 9 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 Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK), the current Beneish M-Score is -2.67 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.

Is Bahrain Car Parks Co (Amakin) BSC (BAH:CPARK) Overvalued in 2026?

Based on GuruFocus' analysis, Bahrain Car Parks Co (Amakin) BSC stock appears to be overvalued. The current stock price of BHD0.17 is trading 26.9% above its estimated GF Value™ of BHD0.13. GuruFocus considers Bahrain Car Parks Co (Amakin) BSC to be Modestly Overvalued.

Key valuation signals for BAH:CPARK:

  • Beneish M-Score: -2.67
  • GF Value™: BHD0.13 vs. price of BHD0.17 (26.9% above fair value)
  • GF Score™: 71/100 with 9 warning signs

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


Bahrain Car Parks Co (Amakin) BSC Business Description

Address Building No.128 Government Avenue, Road No. 383, 2nd Floor Office No. 2009, P.O. Box 5298, Block No.316, Car Parks & Commercial Centre, Manama, BHR
Bahrain Car Parks Co (Amakin) BSC is engaged in the sale and trade of machinery, equipment and parts; marketing and promotion activities; operating car parks; electrical installation; real estate activities with owned or leased property; publicity and advertising; general trade; and valet parking services. Its segments include Car Park Services, which generates maximum revenue and provides car parks to the public for parking charges; Property Rental Income, involving property management and rental; Investment and Related Services, including financial market trading and investment of excess funds; and Sales of Equipment, involving car park management equipment. The company operates only in the Bahrain market.
71GF Score

Get the complete analysis for BAH:CPARK

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

BHD0.17
Price
BHD0.13
GF Value