Bahrain Family Leisure Co BSC (BAH:FAMILY) Beneish M-Score: -4.29 (As of Jul. 03, 2026)

What is Bahrain Family Leisure Co BSC Beneish M-Score?

Bahrain Family Leisure Co BSC BAH:FAMILY Beneish M-Score is -4.29 as of Jul. 03, 2026. The stock has 4 warning signs investors should review.

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 -4.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Bahrain Family Leisure Co BSC's Beneish M-Score or its related term are showing as below:

BAH:FAMILY' s Beneish M-Score Range Over the Past 10 Years
Min: -51.86 Med: -3.24 Max: 25.19
Current: -4.29

During the past 13 years, the highest Beneish M-Score of Bahrain Family Leisure Co BSC was 25.19. The lowest was -51.86. And the median was -3.24.

Bahrain Family Leisure Co BSC Beneish M-Score Related Terms

Bahrain Family Leisure Co BSC Beneish M-Score Historical Data

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The historical data trend for Bahrain Family Leisure Co 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 Family Leisure Co BSC Beneish M-Score Chart

Bahrain Family Leisure Co BSC Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-1.68

-5.92

-3.32

-2.72

0.77

Bahrain Family Leisure Co 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															-3.00	-3.22	-2.93	0.77	-4.29

BAH:FAMILY vs MCD, SBUX, CMG: Beneish M-Score Comparison

For the Restaurants subindustry, Bahrain Family Leisure Co 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 Family Leisure Co BSC Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Bahrain Family Leisure Co BSC's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bahrain Family Leisure Co BSC's Beneish M-Score falls into.

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Bahrain Family Leisure Co 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 Family Leisure Co BSC 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 * 0.6379

0.528 * -1.0856

0.404 * 1.3197

0.892 * 0.8382

0.115 * 1.0544

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 2.1691

4.679 * -0.027485

0.327 * 1.1073

-4.29

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was BHD0.13 Mil.
Revenue was 0.158 + 0.272 + 0.332 + 0.378 = BHD1.14 Mil.
Gross Profit was -0.056 + -0.024 + -0.01 + 0.029 = BHD-0.06 Mil.
Total Current Assets was BHD0.28 Mil.
Total Assets was BHD1.71 Mil.
Property, Plant and Equipment(Net PPE) was BHD0.56 Mil.
Depreciation, Depletion and Amortization(DDA) was BHD0.18 Mil.
Selling, General, & Admin. Expense(SGA) was BHD0.06 Mil.
Total Current Liabilities was BHD0.34 Mil.
Long-Term Debt & Capital Lease Obligation was BHD0.39 Mil.
Net Income was -0.07 + -0.065 + -0.078 + 0.067 = BHD-0.15 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = BHD0.00 Mil.
Cash Flow from Operations was -0.1 + -0.036 + -0.113 + 0.15 = BHD-0.10 Mil.

Total Receivables was BHD0.25 Mil.
Revenue was 0.311 + 0.372 + 0.36 + 0.317 = BHD1.36 Mil.
Gross Profit was 0.016 + 0.039 + 0.013 + 0.011 = BHD0.08 Mil.
Total Current Assets was BHD0.60 Mil.
Total Assets was BHD1.83 Mil.
Property, Plant and Equipment(Net PPE) was BHD0.52 Mil.
Depreciation, Depletion and Amortization(DDA) was BHD0.18 Mil.
Selling, General, & Admin. Expense(SGA) was BHD0.03 Mil.
Total Current Liabilities was BHD0.38 Mil.
Long-Term Debt & Capital Lease Obligation was BHD0.33 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)
	=	(0.131 / 1.14)	/	(0.245 / 1.36)
	=	0.114912	/	0.180147
	=	0.6379

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)
	=	(0.079 / 1.36)	/	(-0.061 / 1.14)
	=	0.058088	/	-0.053509
	=	-1.0856

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 - (0.277 + 0.557) / 1.71)	/	(1 - (0.6 + 0.519) / 1.829)
	=	0.512281	/	0.38819
	=	1.3197

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
	=	1.14	/	1.36
	=	0.8382

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))
	=	(0.179 / (0.179 + 0.519))	/	(0.179 / (0.179 + 0.557))
	=	0.256447	/	0.243207
	=	1.0544

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)
	=	(0.06 / 1.14)	/	(0.033 / 1.36)
	=	0.052632	/	0.024265
	=	2.1691

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)
	=	((0.391 + 0.344) / 1.71)	/	((0.334 + 0.376) / 1.829)
	=	0.429825	/	0.38819
	=	1.1073

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
	=	(-0.146 - 0	-	-0.099)	/	1.71
	=	-0.027485

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 Family Leisure Co BSC has a M-score of -4.29 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 -4.29 mean?

Bahrain Family Leisure Co BSC (BAH:FAMILY) has a Beneish M-Score of -4.29 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bahrain Family Leisure Co BSC and its competitors.

Is Bahrain Family Leisure Co BSC's Beneish M-Score too high?

Bahrain Family Leisure Co BSC's current Beneish M-Score is -4.29.

How does Bahrain Family Leisure Co BSC's Beneish M-Score compare to MCD and SBUX?

Bahrain Family Leisure Co BSC's Beneish M-Score of -4.29 can be compared against companies in the Restaurants 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 Restaurants company?

A good Beneish M-Score depends on the Restaurants 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 Family Leisure Co BSC and its competitors. Bahrain Family Leisure Co BSC's current Beneish M-Score is -4.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bahrain Family Leisure Co BSC stock overvalued right now?

Bahrain Family Leisure Co BSC (BAH:FAMILY) has a current Beneish M-Score of -4.29. The stock's GF Value™ is BHD0.10, compared to a current price of BHD0.32 — trading 220% above its estimated fair value. The current Beneish M-Score is -4.29. 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 Family Leisure Co BSC (BAH:FAMILY), the current Beneish M-Score is -4.29 as of Jul. 03, 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.

Bahrain Family Leisure Co BSC Business Description

Industry Consumer Cyclical Restaurants

Comparable Companies MCD SBUX CMG LSE:CPG YUM DRI TSX:QSP.UN TSX:QSR DPZ YUMC TXRH HKSE:06862 CAVA LKNCY WING TSE:7550 BROS HKSE:01364 EAT TSE:2702

Address Road 1701, Block No. 317, Flat 15, Building 44, PO Box 11612, P.O. Box: 11612, Manama, BHR

Website http://www.bflc.com.bh

Bahrain Family Leisure Co BSC owns and operates franchise restaurants in the Kingdom under the name of Bennigan's, Cucina Italiana and Kazbah Catering. The principal activities of the Company include Food and beverage service activities Restaurants for Tourist Services, Food and beverage service activities, Catering services, Publicity and advertising, Public relations, Activities of head officers or management offices Hospitality management and Activities of head offices or management offices.