Qatar International Islamic Bank QSC (DSMD:QIIK) Beneish M-Score: -2.52 (As of Jul. 06, 2026)


DSMD:QIIK Qatar International Islamic Bank QSC DSMD:QIIK
60 GF Score
Price ر.ق11.19
GF Value ر.ق12.52
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Qatar International Islamic Bank QSC Beneish M-Score?

Qatar International Islamic Bank QSC DSMD:QIIK -0.09% 60 Beneish M-Score is -2.52 as of Jul. 06, 2026. GuruFocus rates DSMD:QIIK with a GF Score™ of 60/100 and a GF Value™ of ر.ق12.52 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,398 Banks companies, Qatar International Islamic Bank QSC ranks better than 72.82% 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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

DSMD:QIIK' s Beneish M-Score Range Over the Past 10 Years
Min: -2.52   Med: -2.26   Max: -2.03
Current: -2.52

During the past 13 years, the highest Beneish M-Score of Qatar International Islamic Bank QSC was -2.03. The lowest was -2.52. And the median was -2.26.

DSMD:QIIK
60GF Score
Qatar International Islamic Bank QSC DSMD:QIIK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qatar International Islamic 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 Qatar International Islamic 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 * 1.0002+0.892 * 1.0674+0.115 * 0.9666
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1416+4.679 * 0.03665-0.327 * 1.7558
=-2.52

* 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.ق2,202 Mil.
Gross Profit was ر.ق2,202 Mil.
Total Current Assets was ر.ق0 Mil.
Total Assets was ر.ق62,629 Mil.
Property, Plant and Equipment(Net PPE) was ر.ق225 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ق54 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ق54 Mil.
Total Current Liabilities was ر.ق0 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق5,129 Mil.
Net Income was ر.ق1,351 Mil.
Gross Profit was ر.ق0 Mil.
Cash Flow from Operations was ر.ق-944 Mil.
 Total Receivables was ر.ق0 Mil.
Revenue was ر.ق2,063 Mil.
Gross Profit was ر.ق2,063 Mil.
Total Current Assets was ر.ق0 Mil.
Total Assets was ر.ق59,979 Mil.
Property, Plant and Equipment(Net PPE) was ر.ق228 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ق53 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ق45 Mil.
Total Current Liabilities was ر.ق0 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق2,798 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 / 2202.117) / (0 / 2063.046)
=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)
=(2063.046 / 2063.046) / (2202.117 / 2202.117)
=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 + 225.051) / 62628.547) / (1 - (0 + 227.728) / 59979.408)
=0.996407 / 0.996203
=1.0002

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
=2202.117 / 2063.046
=1.0674

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))
=(52.565 / (52.565 + 227.728)) / (54.171 / (54.171 + 225.051))
=0.187536 / 0.194007
=0.9666

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)
=(54.274 / 2202.117) / (44.54 / 2063.046)
=0.024646 / 0.021589
=1.1416

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)
=((5129.317 + 0) / 62628.547) / ((2797.713 + 0) / 59979.408)
=0.081901 / 0.046645
=1.7558

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
=(1351.01 - 0 - -944.334) / 62628.547
=0.03665

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.

Qatar International Islamic Bank QSC has a M-score of -2.52 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 -2.52 mean?
Qatar International Islamic Bank QSC (DSMD:QIIK) has a Beneish M-Score of -2.52 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Qatar International Islamic Bank QSC and its competitors. According to the industry distribution chart, Qatar International Islamic Bank QSC ranks #380 out of 1398 companies in the Banks industry, placing it in the top 27.2%.
Is Qatar International Islamic Bank QSC's Beneish M-Score too high?
Qatar International Islamic Bank QSC's current Beneish M-Score is -2.52. Based on the distribution chart, Qatar International Islamic Bank QSC ranks #380 out of 1398 companies in the Banks industry, which is above the industry midpoint. Overall, Qatar International Islamic Bank QSC has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qatar International Islamic Bank QSC's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Qatar International Islamic Bank QSC ranks #380 out of 1398 companies for Beneish M-Score. This puts Qatar International Islamic Bank QSC in the upper half of its 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 Qatar International Islamic Bank QSC and its competitors. Qatar International Islamic Bank QSC's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qatar International Islamic Bank QSC stock overvalued right now?
Based on GuruFocus' analysis, Qatar International Islamic Bank QSC (DSMD:QIIK) is currently considered Modestly Undervalued. The stock's GF Value™ is ر.ق12.52, compared to a current price of ر.ق11.19 — trading 10.6% below its estimated fair value. The current Beneish M-Score is -2.52. Qatar International Islamic Bank QSC's overall GF Score™ is 60/100 with 3 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 Qatar International Islamic Bank QSC (DSMD:QIIK), the current Beneish M-Score is -2.52 as of Jul. 06, 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 Qatar International Islamic Bank QSC (DSMD:QIIK) Overvalued in 2026?

Based on GuruFocus' analysis, Qatar International Islamic Bank QSC stock appears to be undervalued. The current stock price of ر.ق11.19 is trading 10.6% below its estimated GF Value™ of ر.ق12.52. GuruFocus considers Qatar International Islamic Bank QSC to be Modestly Undervalued.

Key valuation signals for DSMD:QIIK:

  • Beneish M-Score: -2.52
  • GF Value™: ر.ق12.52 vs. price of ر.ق11.19 (10.6% below fair value)
  • GF Score™: 60/100 with 3 warning signs

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

Qatar International Islamic Bank QSC Business Description

Address Grand Hamad Street 2, P.O. Box 664, Doha, QAT
Qatar International Islamic Bank QSC is engaged in banking, financing, and investing activities. It operates in three segments. The Corporate Banking segment, which is the key revenue driver, includes financing, deposits and other transactions and balances with corporate customers, government and semi-government institutions, and SME customers. The Personal Banking segment includes financing, deposits, and other transactions and balances with retail customers. The Treasury and Investments segment undertake the group's funding and centralized risk management activities through borrowings, issue of Sukuk, use of risk management instruments for risk management purposes, and investing in liquid assets such as short-term deposits and corporate and government Sukuk.
60GF Score

Get the complete analysis for DSMD:QIIK

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

ر.ق11.19
Price
ر.ق12.52
GF Value