One Bank (DHA:ONEBANKPLC) Beneish M-Score: -2.61 (As of Jul. 12, 2026)


DHA:ONEBANKPLC One Bank PLC DHA:ONEBANKPLC
71 GF Score
Price BDT7.70
GF Value BDT7.11
Valuation Fairly Valued
! 1 Warning Sign
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What is One Bank Beneish M-Score?

One Bank DHA:ONEBANKPLC -1.28% 71 Beneish M-Score is -2.61 as of Jul. 12, 2026. GuruFocus rates DHA:ONEBANKPLC with a GF Score™ of 71/100 and a GF Value™ of BDT7.11 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,399 Banks companies, One Bank ranks better than 82.2% 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 -2.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

DHA:ONEBANKPLC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.01   Med: -2.47   Max: -1.29
Current: -2.61

During the past 13 years, the highest Beneish M-Score of One Bank was -1.29. The lowest was -3.01. And the median was -2.47.

DHA:ONEBANKPLC
71GF Score
One Bank PLC DHA:ONEBANKPLC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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One 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 One 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 * 1.0005+0.892 * 0.7+0.115 * 2.1662
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3407+4.679 * -0.003878-0.327 * 0.7614
=-2.61

* 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 BDT0 Mil.
Revenue was 2730.052 + 1860.038 + 3182.548 + 3025.803 = BDT10,798 Mil.
Gross Profit was 2730.052 + 1860.038 + 3182.548 + 3025.803 = BDT10,798 Mil.
Total Current Assets was BDT0 Mil.
Total Assets was BDT367,676 Mil.
Property, Plant and Equipment(Net PPE) was BDT4,265 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT35 Mil.
Selling, General, & Admin. Expense(SGA) was BDT209 Mil.
Total Current Liabilities was BDT0 Mil.
Long-Term Debt & Capital Lease Obligation was BDT12,966 Mil.
Net Income was 359.535 + -848.235 + 243.72 + 255.788 = BDT11 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = BDT0 Mil.
Cash Flow from Operations was 1949.98 + -729.78 + -1384.214 + 1600.682 = BDT1,437 Mil.
 Total Receivables was BDT0 Mil.
Revenue was 3558.012 + 3490.374 + 3755.95 + 4621.906 = BDT15,426 Mil.
Gross Profit was 3558.012 + 3490.374 + 3755.95 + 4621.906 = BDT15,426 Mil.
Total Current Assets was BDT0 Mil.
Total Assets was BDT344,470 Mil.
Property, Plant and Equipment(Net PPE) was BDT4,182 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT75 Mil.
Selling, General, & Admin. Expense(SGA) was BDT223 Mil.
Total Current Liabilities was BDT0 Mil.
Long-Term Debt & Capital Lease Obligation was BDT15,955 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 / 10798.441) / (0 / 15426.242)
=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)
=(15426.242 / 15426.242) / (10798.441 / 10798.441)
=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 + 4265.075) / 367675.994) / (1 - (0 + 4182.033) / 344470.037)
=0.9884 / 0.98786
=1.0005

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
=10798.441 / 15426.242
=0.7

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))
=(74.717 / (74.717 + 4182.033)) / (34.844 / (34.844 + 4265.075))
=0.017553 / 0.008103
=2.1662

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)
=(208.91 / 10798.441) / (222.595 / 15426.242)
=0.019346 / 0.01443
=1.3407

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)
=((12966.365 + 0) / 367675.994) / ((15954.909 + 0) / 344470.037)
=0.035266 / 0.046317
=0.7614

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
=(10.808 - 0 - 1436.668) / 367675.994
=-0.003878

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.

One Bank has a M-score of -2.61 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 -2.61 mean?
One Bank (DHA:ONEBANKPLC) has a Beneish M-Score of -2.61 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on One Bank and its competitors. According to the industry distribution chart, One Bank ranks #249 out of 1399 companies in the Banks industry, placing it in the top 17.8%.
Is One Bank's Beneish M-Score too high?
One Bank's current Beneish M-Score is -2.61. Based on the distribution chart, One Bank ranks #249 out of 1399 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, One Bank has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does One Bank's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, One Bank ranks #249 out of 1399 companies for Beneish M-Score. This places One Bank in the top 18% of its industry — outperforming the majority of peers. 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 One Bank and its competitors. One Bank's current Beneish M-Score is -2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One Bank stock overvalued right now?
Based on GuruFocus' analysis, One Bank (DHA:ONEBANKPLC) is currently considered Fairly Valued. The stock's GF Value™ is BDT7.11, compared to a current price of BDT7.70 — trading 8.3% above its estimated fair value. The current Beneish M-Score is -2.61. One Bank's overall GF Score™ is 71/100 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 One Bank (DHA:ONEBANKPLC), the current Beneish M-Score is -2.61 as of Jul. 12, 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 One Bank (DHA:ONEBANKPLC) Overvalued in 2026?

Based on GuruFocus' analysis, One Bank stock appears to be overvalued. The current stock price of BDT7.70 is trading 8.3% above its estimated GF Value™ of BDT7.11. GuruFocus considers One Bank to be Fairly Valued.

Key valuation signals for DHA:ONEBANKPLC:

  • Beneish M-Score: -2.61
  • GF Value™: BDT7.11 vs. price of BDT7.70 (8.3% above fair value)
  • GF Score™: 71/100 with 1 warning sign

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

One Bank Business Description

Address 46, Kawran Bazar C.A, 2nd Floor, HRC Bhaban, Dhaka, BGD, 1215
One Bank PLC is a private-sector commercial bank that provides banking services in Bangladesh. The company offers Retail Banking, Corporate Banking, and Small and Enterprise Banking. Its products and services include deposits, loans and advances, personal and commercial banking, cash management, treasury, brokerage services, export and import financing, local and international remittance facilities, etc. The bank also provides offshore banking services through its Offshore Banking Unit (OBU). It serves various industries such as Trade Finance, Steel, Ready-made Garments, Textiles, Power, Transport and Communication, Construction/Engineering, Pharmaceuticals, Real Estate, and others.
71GF Score

Get the complete analysis for DHA:ONEBANKPLC

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

BDT7.70
Price
BDT7.11
GF Value