United Bank (CAI:UBEE) Beneish M-Score: -2.10 (As of Jun. 27, 2026)


CAI:UBEE United Bank CAI:UBEE
16 GF Score
Price E£13.40
! 4 Warning Signs
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What is United Bank Beneish M-Score?

United Bank CAI:UBEE -0.22% 16 Beneish M-Score is -2.10 as of Jun. 27, 2026. GuruFocus rates CAI:UBEE with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 1,397 Banks companies, United Bank ranks worse than 86.9% 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 -2.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CAI:UBEE' s Beneish M-Score Range Over the Past 10 Years
Min: -2.1   Med: -1.66   Max: 0.14
Current: -2.1

During the past 4 years, the highest Beneish M-Score of United Bank was 0.14. The lowest was -2.10. And the median was -1.66.

CAI:UBEE
16GF Score
United Bank CAI:UBEE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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United Bank 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 United Bank 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 * 1.0142+0.892 * 0.8169+0.115 * 0.3263
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.012+4.679 * 0.062485-0.327 * 0
=-2.10

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was E£0 Mil.
Revenue was 1370.919 + 2010.145 + 1262.231 + 1640.084 = E£6,283 Mil.
Gross Profit was 1370.919 + 2010.145 + 1262.231 + 1640.084 = E£6,283 Mil.
Total Current Assets was E£0 Mil.
Total Assets was E£113,458 Mil.
Property, Plant and Equipment(Net PPE) was E£528 Mil.
Depreciation, Depletion and Amortization(DDA) was E£175 Mil.
Selling, General, & Admin. Expense(SGA) was E£735 Mil.
Total Current Liabilities was E£0 Mil.
Long-Term Debt & Capital Lease Obligation was E£0 Mil.
Net Income was 610.18 + 627.795 + 230.942 + 787.944 = E£2,257 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = E£0 Mil.
Cash Flow from Operations was 6339.705 + -11601.878 + 901.326 + -471.732 = E£-4,833 Mil.
 Total Receivables was E£0 Mil.
Revenue was 1253.155 + 1716.911 + 1475.936 + 3245.3 = E£7,691 Mil.
Gross Profit was 1253.155 + 1716.911 + 1475.936 + 3245.3 = E£7,691 Mil.
Total Current Assets was E£0 Mil.
Total Assets was E£89,182 Mil.
Property, Plant and Equipment(Net PPE) was E£1,659 Mil.
Depreciation, Depletion and Amortization(DDA) was E£147 Mil.
Selling, General, & Admin. Expense(SGA) was E£889 Mil.
Total Current Liabilities was E£0 Mil.
Long-Term Debt & Capital Lease Obligation was E£1,593 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 / 6283.379) / (0 / 7691.302)
=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)
=(7691.302 / 7691.302) / (6283.379 / 6283.379)
=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 + 528.453) / 113458.224) / (1 - (0 + 1659.311) / 89182.072)
=0.995342 / 0.981394
=1.0142

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
=6283.379 / 7691.302
=0.8169

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))
=(146.884 / (146.884 + 1659.311)) / (175.429 / (175.429 + 528.453))
=0.081322 / 0.249231
=0.3263

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)
=(734.729 / 6283.379) / (888.71 / 7691.302)
=0.116932 / 0.115547
=1.012

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 + 0) / 113458.224) / ((1593.359 + 0) / 89182.072)
=0 / 0.017866
=0

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
=(2256.861 - 0 - -4832.579) / 113458.224
=0.062485

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.

United Bank has a M-score of -2.10 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 -2.10 mean?
United Bank (CAI:UBEE) has a Beneish M-Score of -2.10 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on United Bank and its competitors. According to the industry distribution chart, United Bank ranks #1214 out of 1397 companies in the Banks industry, placing it in the top 86.9%.
Is United Bank's Beneish M-Score too high?
United Bank's current Beneish M-Score is -2.10. Based on the distribution chart, United Bank ranks #1214 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, United Bank has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does United Bank's Beneish M-Score compare to PNC?
According to the Banks industry distribution chart, United Bank ranks #1214 out of 1397 companies for Beneish M-Score. This places United Bank 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 United Bank and its competitors. United Bank's current Beneish M-Score is -2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Bank stock overvalued right now?
United Bank (CAI:UBEE) has a current Beneish M-Score of -2.10. The current Beneish M-Score is -2.10. United Bank's overall GF Score™ is 16/100 with 4 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 United Bank (CAI:UBEE), the current Beneish M-Score is -2.10 as of Jun. 27, 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.

United Bank Business Description

Address 106, Kasr El-Aini Street, P.O.Box : 85 Magles El-shaab, Cairo, EGY
United Bank is one of the financial service providers in Egypt, recognizable for its staff, core values, outstanding performance, and sustainable growth. Its services include Retail Banking, Microfinance, Corporate Banking, Islamic banking, and Treasury services. geographically it operates in Greater Cairo Alex., Delta & Sinai and Upper Egypt. the company derives maximum revenue from Greater Cairo.
16GF Score

Get the complete analysis for CAI:UBEE

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

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