Global Islami Bank (DHA:GIB) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


DHA:GIB Global Islami Bank PLC DHA:GIB
15 GF Score
Price BDT1.70
! 1 Warning Sign
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What is Global Islami Bank Beneish M-Score?

Global Islami Bank DHA:GIB 15 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates DHA:GIB with a GF Score™ of 15/100. The stock has 1 warning sign investors should review.

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.

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

During the past 4 years, the highest Beneish M-Score of Global Islami Bank was 0.00. The lowest was 0.00. And the median was 0.00.

DHA:GIB
15GF Score
Global Islami Bank PLC DHA:GIB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Global Islami 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 Global Islami 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was BDT0.00 Mil.
Revenue was -5149.268 + -8027.727 + -6396.525 + -10705.09 = BDT-30,278.61 Mil.
Gross Profit was -5149.268 + -8027.727 + -6396.525 + -10705.09 = BDT-30,278.61 Mil.
Total Current Assets was BDT0.00 Mil.
Total Assets was BDT185,628.07 Mil.
Property, Plant and Equipment(Net PPE) was BDT1,838.29 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT508.35 Mil.
Selling, General, & Admin. Expense(SGA) was BDT46.89 Mil.
Total Current Liabilities was BDT0.00 Mil.
Long-Term Debt & Capital Lease Obligation was BDT939.04 Mil.
Net Income was -5993.071 + -8943.046 + -7411.897 + -12895.199 = BDT-35,243.21 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = BDT0.00 Mil.
Cash Flow from Operations was -3734.306 + 935.562 + -9902.225 + 14481.751 = BDT1,780.78 Mil.
 Total Receivables was BDT0.00 Mil.
Revenue was 357.433 + 1715.154 + 1962.155 + -21403.089 = BDT-17,368.35 Mil.
Gross Profit was 357.433 + 1715.154 + 1962.155 + -21403.089 = BDT-17,368.35 Mil.
Total Current Assets was BDT0.00 Mil.
Total Assets was BDT173,683.36 Mil.
Property, Plant and Equipment(Net PPE) was BDT2,219.41 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT735.59 Mil.
Selling, General, & Admin. Expense(SGA) was BDT125.48 Mil.
Total Current Liabilities was BDT0.00 Mil.
Long-Term Debt & Capital Lease Obligation was BDT1,068.88 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 / -30278.61) / (0 / -17368.347)
= /
=

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)
=(-17368.347 / -17368.347) / (-30278.61 / -30278.61)
= /
=

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 + 1838.292) / 185628.071) / (1 - (0 + 2219.408) / 173683.356)
=0.990097 / 0.987222
=

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
=-30278.61 / -17368.347
=

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))
=(735.586 / (735.586 + 2219.408)) / (508.345 / (508.345 + 1838.292))
=0.24893 / 0.216627
=

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)
=(46.885 / -30278.61) / (125.484 / -17368.347)
= /
=

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)
=((939.04 + 0) / 185628.071) / ((1068.878 + 0) / 173683.356)
=0.005059 / 0.006154
=

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
=(-35243.213 - 0 - 1780.782) / 185628.071
=-0.199453

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Global Islami Bank (DHA:GIB) 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 Global Islami Bank and its competitors.
Is Global Islami Bank's Beneish M-Score too high?
Global Islami Bank's current Beneish M-Score is 0.00. Overall, Global Islami Bank has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Global Islami Bank's Beneish M-Score compare to competitors?
Global Islami Bank's Beneish M-Score of 0.00 can be compared against companies in the Banks 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 Global Islami Bank and its competitors. Global Islami Bank'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 Global Islami Bank stock overvalued right now?
Global Islami Bank (DHA:GIB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Global Islami Bank's overall GF Score™ is 15/100 with 1 warning sign 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 Global Islami Bank (DHA:GIB), 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.

Global Islami Bank Business Description

Address Road No. 136, Block No. S. E. (C-1, Saiham Tower, House No. 34, Gulshan Model Town, Dhaka, BGD, 1212
Global Islami Bank PLC is a commercial bank providing all kinds of banking services. It offers a wide range of banking products and services based on Islamic Shariah principles to corporate, SME, and retail customers through a variety of delivery channels. The core business of the bank is deposit mobilization and investment activities for short-term, long-term, including foreign trade business.
15GF 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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