BQAZF (Bank AudiL) Beneish M-Score: -2.31 (As of Jun. 26, 2026)


BQAZF Bank Audi SAL BQAZF
68 GF Score
Price $6.89
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What is Bank AudiL Beneish M-Score?

Bank AudiL BQAZF 68 Beneish M-Score is -2.31 as of Jun. 26, 2026. GuruFocus rates BQAZF with a GF Score™ of 68/100. Among 1,397 Banks companies, Bank AudiL ranks worse than 66.43% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BQAZF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.52   Med: -2.25   Max: 8.76
Current: -2.31

During the past 13 years, the highest Beneish M-Score of Bank AudiL was 8.76. The lowest was -2.52. And the median was -2.25.

BQAZF
68GF Score
Bank Audi SAL BQAZF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank AudiL 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 Bank AudiL 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 * 0.9897+0.528 * 1+0.404 * 0.9977+0.892 * 1.0539+0.115 * 1.8624
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0897+4.679 * -0.018802-0.327 * 0.591
=-2.31

* 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 $84.3 Mil.
Revenue was $464.0 Mil.
Gross Profit was $464.0 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $15,121.3 Mil.
Property, Plant and Equipment(Net PPE) was $287.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $12.2 Mil.
Selling, General, & Admin. Expense(SGA) was $132.3 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $185.2 Mil.
Net Income was $83.0 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $367.3 Mil.
 Total Receivables was $80.8 Mil.
Revenue was $440.2 Mil.
Gross Profit was $440.2 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $16,748.1 Mil.
Property, Plant and Equipment(Net PPE) was $280.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $23.0 Mil.
Selling, General, & Admin. Expense(SGA) was $115.2 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $347.1 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)
=(84.309 / 463.961) / (80.827 / 440.229)
=0.181716 / 0.183602
=0.9897

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)
=(440.229 / 440.229) / (463.961 / 463.961)
=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 + 287.196) / 15121.304) / (1 - (0 + 280.355) / 16748.088)
=0.981007 / 0.98326
=0.9977

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
=463.961 / 440.229
=1.0539

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))
=(23.045 / (23.045 + 280.355)) / (12.211 / (12.211 + 287.196))
=0.075956 / 0.040784
=1.8624

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)
=(132.303 / 463.961) / (115.206 / 440.229)
=0.28516 / 0.261696
=1.0897

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)
=((185.181 + 0) / 15121.304) / ((347.055 + 0) / 16748.088)
=0.012246 / 0.020722
=0.591

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
=(83.014 - 0 - 367.33) / 15121.304
=-0.018802

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.

Bank AudiL has a M-score of -2.31 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 -2.31 mean?
Bank AudiL (BQAZF) has a Beneish M-Score of -2.31 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bank AudiL and its competitors. According to the industry distribution chart, Bank AudiL ranks #928 out of 1397 companies in the Banks industry, placing it in the top 66.4%.
Is Bank AudiL's Beneish M-Score too high?
Bank AudiL's current Beneish M-Score is -2.31. Based on the distribution chart, Bank AudiL ranks #928 out of 1397 companies in the Banks industry, which is below the industry midpoint. Overall, Bank AudiL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Bank AudiL's Beneish M-Score compare to JPM and BAC?
According to the Banks industry distribution chart, Bank AudiL ranks #928 out of 1397 companies for Beneish M-Score. This places Bank AudiL 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 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 Bank AudiL and its competitors. Bank AudiL's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank AudiL stock overvalued right now?
Bank AudiL (BQAZF) has a current Beneish M-Score of -2.31. The current Beneish M-Score is -2.31. Bank AudiL's overall GF Score™ is 68/100. 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 Bank AudiL (BQAZF), the current Beneish M-Score is -2.31 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.

Bank AudiL Business Description

Other Exchanges AUDI:LebanonAUSR:Lebanon
Address Omar Daouk Street, Bank Audi Plaza, P.O. Box 11-2560, Bab Idriss, Beirut, LBN
Bank Audi SAL offers universal banking products and services covering Corporate, Commercial, Individual, and Private Banking services to a diversified client base, mainly in the MENA region. It provides loans, deposits, trade finance, as well as regular Corporate and Commercial Banking activities. Its segments are Corporate and Commercial, Retail and personal, Treasury and capital markets, and Group functions and head office. It generates maximum revenue from providing Treasury services, which include transactions in money and capital markets for the Group's customers, managing investment and trading transactions (locally and internationally), and managing liquidity, foreign currency, and market risks. It operates in Lebanon, the Middle East and North Africa (MENA), and Europe.
68GF Score

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

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