Ahli Bank QSC (DSMD:ABQK) Beneish M-Score: -2.97 (As of Jul. 15, 2026)

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DSMD:ABQK Ahli Bank QSC DSMD:ABQK
64 GF Score
Price ر.ق3.97
GF Value ر.ق3.99
Valuation Fairly Valued
! 7 Warning Signs
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What is Ahli Bank QSC Beneish M-Score?

Ahli Bank QSC DSMD:ABQK 64 Beneish M-Score is -2.97 as of Jul. 15, 2026. GuruFocus rates DSMD:ABQK with a GF Score™ of 64/100 and a GF Value™ of ر.ق3.99 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,396 Banks companies, Ahli Bank QSC ranks better than 93.19% 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 -2.97 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

DSMD:ABQK' s Beneish M-Score Range Over the Past 10 Years
Min: -2.97   Med: -2.38   Max: -1.93
Current: -2.97

During the past 13 years, the highest Beneish M-Score of Ahli Bank QSC was -1.93. The lowest was -2.97. And the median was -2.38.

DSMD:ABQK
64GF Score
Ahli Bank QSC DSMD:ABQK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ahli Bank QSC 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 Ahli Bank QSC 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 * 0.9985+0.892 * 0.869+0.115 * 1.1424
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0483+4.679 * -0.084313-0.327 * 0.9445
=-2.97

* 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 ر.ق0 Mil.
Revenue was ر.ق1,589 Mil.
Gross Profit was ر.ق1,589 Mil.
Total Current Assets was ر.ق0 Mil.
Total Assets was ر.ق62,695 Mil.
Property, Plant and Equipment(Net PPE) was ر.ق484 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ق30 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ق27 Mil.
Total Current Liabilities was ر.ق0 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق5,103 Mil.
Net Income was ر.ق932 Mil.
Gross Profit was ر.ق0 Mil.
Cash Flow from Operations was ر.ق6,218 Mil.
 Total Receivables was ر.ق0 Mil.
Revenue was ر.ق1,829 Mil.
Gross Profit was ر.ق1,829 Mil.
Total Current Assets was ر.ق0 Mil.
Total Assets was ر.ق59,591 Mil.
Property, Plant and Equipment(Net PPE) was ر.ق371 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ق26 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ق29 Mil.
Total Current Liabilities was ر.ق0 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق5,135 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 / 1589.464) / (0 / 1829.059)
=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)
=(1829.059 / 1829.059) / (1589.464 / 1589.464)
=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 + 484.476) / 62695.155) / (1 - (0 + 370.779) / 59591.022)
=0.992273 / 0.993778
=0.9985

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
=1589.464 / 1829.059
=0.869

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))
=(26.36 / (26.36 + 370.779)) / (29.886 / (29.886 + 484.476))
=0.066375 / 0.058103
=1.1424

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)
=(26.583 / 1589.464) / (29.182 / 1829.059)
=0.016725 / 0.015955
=1.0483

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)
=((5102.599 + 0) / 62695.155) / ((5135.088 + 0) / 59591.022)
=0.081387 / 0.086172
=0.9445

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
=(932.44 - 0 - 6218.483) / 62695.155
=-0.084313

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.

Ahli Bank QSC has a M-score of -2.97 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 -2.97 mean?
Ahli Bank QSC (DSMD:ABQK) has a Beneish M-Score of -2.97 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ahli Bank QSC and its competitors. According to the industry distribution chart, Ahli Bank QSC ranks #95 out of 1396 companies in the Banks industry, placing it in the top 6.8%.
Is Ahli Bank QSC's Beneish M-Score too high?
Ahli Bank QSC's current Beneish M-Score is -2.97. Based on the distribution chart, Ahli Bank QSC ranks #95 out of 1396 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Ahli Bank QSC has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ahli Bank QSC's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Ahli Bank QSC ranks #95 out of 1396 companies for Beneish M-Score. This places Ahli Bank QSC in the top 7% 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 Ahli Bank QSC and its competitors. Ahli Bank QSC's current Beneish M-Score is -2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ahli Bank QSC stock overvalued right now?
Based on GuruFocus' analysis, Ahli Bank QSC (DSMD:ABQK) is currently considered Fairly Valued. The stock's GF Value™ is ر.ق3.99, compared to a current price of ر.ق3.97 — trading 0.5% below its estimated fair value. The current Beneish M-Score is -2.97. Ahli Bank QSC's overall GF Score™ is 64/100 with 7 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 Ahli Bank QSC (DSMD:ABQK), the current Beneish M-Score is -2.97 as of Jul. 15, 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 Ahli Bank QSC (DSMD:ABQK) Overvalued in 2026?

Based on GuruFocus' analysis, Ahli Bank QSC stock appears to be undervalued. The current stock price of ر.ق3.97 is trading 0.5% below its estimated GF Value™ of ر.ق3.99. GuruFocus considers Ahli Bank QSC to be Fairly Valued.

Key valuation signals for DSMD:ABQK:

  • Beneish M-Score: -2.97
  • GF Value™: ر.ق3.99 vs. price of ر.ق3.97 (0.5% below fair value)
  • GF Score™: 64/100 with 7 warning signs

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

Ahli Bank QSC Business Description

Address Suhaim Bin Hamad Street, P.O. Box 2309, Al Sadd Area, Doha, QAT
Ahli Bank QSC provides corporate and retail banking services to individual, corporate, and institutional customers in Qatar. The Bank provides its products and services through two of its business segments: Retail and Private Banking and Wealth Management, which includes customer deposits, residential mortgages, etc and wealth management services to high net worth individuals, and the other segment is Corporate banking, treasury, investments, and brokerage, which includes loans and credit facilities, deposits for corporate and institutional customers and other money market and trading services. The majority of the revenue is earned from the corporate banking segment. Its operates in Qatar, Other QCC, Europe and Other Countries out of which Qatar has maximum revenue.
64GF Score

Get the complete analysis for DSMD:ABQK

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

ر.ق3.97
Price
ر.ق3.99
GF Value