Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS) Beneish M-Score: -2.95 (As of Jul. 16, 2026)

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DSMD:DBIS Dlala Brokerage & Investment Holding Co (QSC) DSMD:DBIS
47 GF Score
Price ر.ق1.39
GF Value ر.ق1.27
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Dlala Brokerage & Investment Holding Co (QSC) Beneish M-Score?

Dlala Brokerage & Investment Holding Co (QSC) DSMD:DBIS 47 Beneish M-Score is -2.95 as of Jul. 16, 2026. GuruFocus rates DSMD:DBIS with a GF Score™ of 47/100 and a GF Value™ of ر.ق1.27 (Fairly Valued). The stock has 8 warning signs investors should review. Among 704 Capital Markets companies, Dlala Brokerage & Investment Holding Co (QSC) ranks better than 81.53% on this metric.

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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Dlala Brokerage & Investment Holding Co (QSC)'s Beneish M-Score or its related term are showing as below:

DSMD:DBIS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.83   Med: -1.99   Max: 671.93
Current: -2.95

During the past 13 years, the highest Beneish M-Score of Dlala Brokerage & Investment Holding Co (QSC) was 671.93. The lowest was -3.83. And the median was -1.99.

Dlala Brokerage & Investment Holding Co (QSC) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dlala Brokerage & Investment Holding Co (QSC)'s Beneish M-Score can be seen below:

* 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.

Dlala Brokerage & Investment Holding Co (QSC) Beneish M-Score Chart

Dlala Brokerage & Investment Holding Co (QSC) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 -3.20 322.56 -2.33 -2.96

Dlala Brokerage & Investment Holding Co (QSC) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 -2.26 -1.73 -2.96 -2.95

DSMD:DBIS vs MS, GS, SCHW: Beneish M-Score Comparison

For the Capital Markets subindustry, Dlala Brokerage & Investment Holding Co (QSC)'s Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dlala Brokerage & Investment Holding Co (QSC) Beneish M-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Dlala Brokerage & Investment Holding Co (QSC)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Dlala Brokerage & Investment Holding Co (QSC)'s Beneish M-Score falls into.


DSMD:DBIS
47GF Score
Dlala Brokerage & Investment Holding Co (QSC) DSMD:DBIS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dlala Brokerage & Investment Holding Co (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 Dlala Brokerage & Investment Holding Co (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 * 0.5691+0.528 * -0.7988+0.404 * 1.8942+0.892 * 1.3299+0.115 * 1.1068
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * -0.7139+4.679 * -0.009681-0.327 * 1.1188
=-2.95

* 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 ر.ق40.35 Mil.
Revenue was 6.79 + 6.274 + 9.564 + 6.496 = ر.ق29.12 Mil.
Gross Profit was 1.288 + -10.507 + 14.826 + 0.866 = ر.ق6.47 Mil.
Total Current Assets was ر.ق454.44 Mil.
Total Assets was ر.ق516.49 Mil.
Property, Plant and Equipment(Net PPE) was ر.ق33.31 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ق2.05 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ق2.42 Mil.
Total Current Liabilities was ر.ق325.62 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق0.00 Mil.
Net Income was -3.738 + -4.566 + 6.743 + 4.028 = ر.ق2.47 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ر.ق0.00 Mil.
Cash Flow from Operations was 7.364 + 21.456 + -20.166 + -1.187 = ر.ق7.47 Mil.
 Total Receivables was ر.ق53.32 Mil.
Revenue was 7.566 + 5.028 + 6.434 + 2.872 = ر.ق21.90 Mil.
Gross Profit was 2.334 + -12.456 + 12.325 + -6.091 = ر.ق-3.89 Mil.
Total Current Assets was ر.ق384.90 Mil.
Total Assets was ر.ق431.70 Mil.
Property, Plant and Equipment(Net PPE) was ر.ق34.12 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ق2.34 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ق-2.55 Mil.
Total Current Liabilities was ر.ق243.26 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق0.00 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)
=(40.351 / 29.124) / (53.319 / 21.9)
=1.38549 / 2.434658
=0.5691

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)
=(-3.888 / 21.9) / (6.473 / 29.124)
=-0.177534 / 0.222257
=-0.7988

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 - (454.442 + 33.311) / 516.485) / (1 - (384.901 + 34.121) / 431.7)
=0.05563 / 0.029368
=1.8942

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
=29.124 / 21.9
=1.3299

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))
=(2.336 / (2.336 + 34.121)) / (2.047 / (2.047 + 33.311))
=0.064075 / 0.057894
=1.1068

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)
=(2.42 / 29.124) / (-2.549 / 21.9)
=0.083093 / -0.116393
=-0.7139

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 + 325.618) / 516.485) / ((0 + 243.256) / 431.7)
=0.63045 / 0.563484
=1.1188

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
=(2.467 - 0 - 7.467) / 516.485
=-0.009681

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.

Dlala Brokerage & Investment Holding Co (QSC) has a M-score of -2.95 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 -2.95 mean?
Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS) has a Beneish M-Score of -2.95 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dlala Brokerage & Investment Holding Co (QSC) and its competitors. According to the industry distribution chart, Dlala Brokerage & Investment Holding Co (QSC) ranks #130 out of 704 companies in the Capital Markets industry, placing it in the top 18.5%.
Is Dlala Brokerage & Investment Holding Co (QSC)'s Beneish M-Score too high?
Dlala Brokerage & Investment Holding Co (QSC)'s current Beneish M-Score is -2.95. Based on the distribution chart, Dlala Brokerage & Investment Holding Co (QSC) ranks #130 out of 704 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Dlala Brokerage & Investment Holding Co (QSC) has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dlala Brokerage & Investment Holding Co (QSC)'s Beneish M-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Dlala Brokerage & Investment Holding Co (QSC) ranks #130 out of 704 companies for Beneish M-Score. This places Dlala Brokerage & Investment Holding Co (QSC) in the top 19% 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 Capital Markets company?
A good Beneish M-Score depends on the Capital Markets 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 Dlala Brokerage & Investment Holding Co (QSC) and its competitors. Dlala Brokerage & Investment Holding Co (QSC)'s current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dlala Brokerage & Investment Holding Co (QSC) stock overvalued right now?
Based on GuruFocus' analysis, Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS) is currently considered Fairly Valued. The stock's GF Value™ is ر.ق1.27, compared to a current price of ر.ق1.39 — trading 9.7% above its estimated fair value. The current Beneish M-Score is -2.95. Dlala Brokerage & Investment Holding Co (QSC)'s overall GF Score™ is 47/100 with 8 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 Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS), the current Beneish M-Score is -2.95 as of Jul. 16, 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 Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS) Overvalued in 2026?

Based on GuruFocus' analysis, Dlala Brokerage & Investment Holding Co (QSC) stock appears to be overvalued. The current stock price of ر.ق1.39 is trading 9.7% above its estimated GF Value™ of ر.ق1.27. GuruFocus considers Dlala Brokerage & Investment Holding Co (QSC) to be Fairly Valued.

Key valuation signals for DSMD:DBIS:

  • Beneish M-Score: -2.95
  • GF Value™: ر.ق1.27 vs. price of ر.ق1.39 (9.7% above fair value)
  • GF Score™: 47/100 with 8 warning signs

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

Dlala Brokerage & Investment Holding Co (QSC) Business Description

Address 386 Salwa Road, Doha, QAT
Dlala Brokerage & Investment Holding Co (QSC) is engaged in brokerage activities at QSE, designing, and programming special programs, information technology consultation services, real estate, and other investment activities. The company has three segments; Stock brokerage includes financial services provided to customers as a stockbroker in the QSE, Real estate includes providing property management, marketing, and sales services for real estate clients, and Others represent the operations of the holding Group. It generates a majority of its revenue from the Other segment. The company's operations are located in the State of Qatar.
47GF Score

Get the complete analysis for DSMD:DBIS

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

ر.ق1.39
Price
ر.ق1.27
GF Value