Social Islami Bank (DHA:SIBL) Beneish M-Score: 0.00 (As of Sep. 21, 2026)

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DHA:SIBL Social Islami Bank PLC DHA:SIBL
17 GF Score
Price BDT11.80
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What is Social Islami Bank Beneish M-Score?

Social Islami Bank DHA:SIBL 17 Beneish M-Score is 0.00 as of Sep. 21, 2026. GuruFocus rates DHA:SIBL with a GF Score™ of 17/100.

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 Social Islami Bank's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Social Islami Bank was 0.00. The lowest was 0.00. And the median was 0.00.

DHA:SIBL
17GF Score
Social Islami Bank PLC DHA:SIBL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Social 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 Social 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was BDT0.00 Mil.
Revenue was BDT9,752.11 Mil.
Gross Profit was BDT Mil.
Total Current Assets was BDT Mil.
Total Assets was BDT476,705.09 Mil.
Property, Plant and Equipment(Net PPE) was BDT4,076.52 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT499.34 Mil.
Selling, General, & Admin. Expense(SGA) was BDT Mil.
Total Current Liabilities was BDT Mil.
Long-Term Debt & Capital Lease Obligation was BDT12,211.73 Mil.
Net Income was BDT-551.75 Mil.
Gross Profit was BDT Mil.
Cash Flow from Operations was BDT15,877.47 Mil.
 Total Receivables was BDT0.00 Mil.
Revenue was BDT12,723.22 Mil.
Gross Profit was BDT Mil.
Total Current Assets was BDT Mil.
Total Assets was BDT475,973.64 Mil.
Property, Plant and Equipment(Net PPE) was BDT4,129.83 Mil.
Depreciation, Depletion and Amortization(DDA) was BDT510.91 Mil.
Selling, General, & Admin. Expense(SGA) was BDT Mil.
Total Current Liabilities was BDT Mil.
Long-Term Debt & Capital Lease Obligation was BDT13,339.40 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 / 9752.113) / (0 / 12723.221)
=0 / 0
=

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 / 12723.221) / (0 / 9752.113)
=0 / 0
=

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 + 4076.52) / 476705.09) / (1 - (0 + 4129.834) / 475973.64)
=0.991449 / 0.991323
=

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
=9752.113 / 12723.221
=

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))
=(510.914 / (510.914 + 4129.834)) / (499.34 / (499.34 + 4076.52))
=0.110093 / 0.109125
=

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 / 9752.113) / (0 / 12723.221)
=0 / 0
=

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)
=((12211.729 + 0) / 476705.09) / ((13339.402 + 0) / 475973.64)
=0.025617 / 0.028026
=

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
=(-551.754 - 0 - 15877.466) / 476705.09
=-0.034464

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?
Social Islami Bank (DHA:SIBL) has a Beneish M-Score of 0.00 as of Sep. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Social Islami Bank and its competitors.
Is Social Islami Bank's Beneish M-Score too high?
Social Islami Bank's current Beneish M-Score is 0.00. Overall, Social Islami Bank has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Social Islami Bank's Beneish M-Score compare to competitors?
Social 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 Social Islami Bank and its competitors. Social 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 Social Islami Bank stock overvalued right now?
Social Islami Bank (DHA:SIBL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Social Islami Bank's overall GF Score™ is 17/100. 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 Social Islami Bank (DHA:SIBL), the current Beneish M-Score is 0.00 as of Sep. 21, 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.

Social Islami Bank Business Description

Address City Center, Level 19, 20, 21, 22, 23, 28 and 29, 90/1, Motijheel Commercial Area, Dhaka, BGD, 1000
Social Islami Bank PLC is engaged in Shariah based commercial banking in Bangladesh. The company offers various types of products & services such as Current Deposit, Savings Deposit, Super Savings, Notice Deposit Accounts, and Other Schemes. Its business segment comprises SME, Retail, Corporate and Treasury under Islamic Banking.
17GF Score

Get the complete analysis for DHA:SIBL

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

BDT11.80
Price