Trans Iraq Bank for Investment (IQS:BTRI) Beneish M-Score: 0.00 (As of Aug. 04, 2026)

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IQS:BTRI Trans Iraq Bank for Investment IQS:BTRI
100 GF Score
Price ع.د0.27
! 2 Warning Signs
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What is Trans Iraq Bank for Investment Beneish M-Score?

Trans Iraq Bank for Investment IQS:BTRI 100 Beneish M-Score is 0.00 as of Aug. 04, 2026. GuruFocus rates IQS:BTRI with a GF Score™ of 100/100. The stock has 2 warning signs investors should review. Among 1,391 Banks companies, Trans Iraq Bank for Investment ranks worse than 71890.65% 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.

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

During the past 10 years, the highest Beneish M-Score of Trans Iraq Bank for Investment was -0.74. The lowest was -0.74. And the median was -0.74.

IQS:BTRI
100GF Score
Trans Iraq Bank for Investment IQS:BTRI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Trans Iraq Bank for Investment 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 Trans Iraq Bank for Investment 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 (Sep25) TTM:Last Year (Jun24) TTM:
Total Receivables was ع.د0 Mil.
Revenue was 1120.134 + 1040.227 + 1462.56 + -394.354 = ع.د3,229 Mil.
Gross Profit was 1120.134 + 1040.227 + 1462.56 + -394.354 = ع.د3,229 Mil.
Total Current Assets was ع.د0 Mil.
Total Assets was ع.د405,146 Mil.
Property, Plant and Equipment(Net PPE) was ع.د486 Mil.
Depreciation, Depletion and Amortization(DDA) was ع.د219 Mil.
Selling, General, & Admin. Expense(SGA) was ع.د0 Mil.
Total Current Liabilities was ع.د0 Mil.
Long-Term Debt & Capital Lease Obligation was ع.د4 Mil.
Net Income was 842.313 + -156.18 + -239.06 + -2760.696 = ع.د-2,314 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ع.د0 Mil.
Cash Flow from Operations was 0 + 0 + 570.474 + 0 = ع.د570 Mil.
 Total Receivables was ع.د0 Mil.
Revenue was 1918.529 + 1407.389 + -4546.974 + 2200.087 = ع.د979 Mil.
Gross Profit was 1918.529 + 1407.389 + -4546.974 + 2200.087 = ع.د979 Mil.
Total Current Assets was ع.د0 Mil.
Total Assets was ع.د374,935 Mil.
Property, Plant and Equipment(Net PPE) was ع.د153,837 Mil.
Depreciation, Depletion and Amortization(DDA) was ع.د219 Mil.
Selling, General, & Admin. Expense(SGA) was ع.د0 Mil.
Total Current Liabilities was ع.د0 Mil.
Long-Term Debt & Capital Lease Obligation was ع.د0 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 / 3228.567) / (0 / 979.031)
=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)
=(979.031 / 979.031) / (3228.567 / 3228.567)
=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 + 485.99) / 405146.363) / (1 - (0 + 153837.207) / 374934.626)
=0.9988 / 0.589696
=

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
=3228.567 / 979.031
=

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))
=(219.239 / (219.239 + 153837.207)) / (218.631 / (218.631 + 485.99))
=0.001423 / 0.310282
=

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 / 3228.567) / (0 / 979.031)
=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)
=((3.734 + 0) / 405146.363) / ((0 + 0) / 374934.626)
=9.0E-6 / 0
=

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
=(-2313.623 - 0 - 570.474) / 405146.363
=-0.007119

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?
Trans Iraq Bank for Investment (IQS:BTRI) has a Beneish M-Score of 0.00 as of Aug. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Trans Iraq Bank for Investment and its competitors. According to the industry distribution chart, Trans Iraq Bank for Investment ranks #999999 out of 1391 companies in the Banks industry.
Is Trans Iraq Bank for Investment's Beneish M-Score too high?
Trans Iraq Bank for Investment's current Beneish M-Score is 0.00. Based on the distribution chart, Trans Iraq Bank for Investment ranks #999999 out of 1391 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Trans Iraq Bank for Investment has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Trans Iraq Bank for Investment's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Trans Iraq Bank for Investment ranks #999999 out of 1391 companies for Beneish M-Score. This places Trans Iraq Bank for Investment in the lower 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 Trans Iraq Bank for Investment and its competitors. Trans Iraq Bank for Investment'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 Trans Iraq Bank for Investment stock overvalued right now?
Trans Iraq Bank for Investment (IQS:BTRI) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Trans Iraq Bank for Investment's overall GF Score™ is 100/100 with 2 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 Trans Iraq Bank for Investment (IQS:BTRI), the current Beneish M-Score is 0.00 as of Aug. 04, 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.

Trans Iraq Bank for Investment Business Description

Address Street 99, Al-Bataween, District 903, Building 192/222, Baghdad, IRQ
Trans Iraq Bank for Investment is a financial institution that provides corporate banking, investment banking, personal banking, and credit department to its customers. The bank also provides issuance of Visa card, and Internet banking under its electronic services.
100GF Score

Get the complete analysis for IQS:BTRI

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

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