Al Ahleia Insurance CoKP (KUW:AINS) Beneish M-Score: 0.00 (As of Jul. 09, 2026)


KUW:AINS Al Ahleia Insurance Co SAKP KUW:AINS
31 GF Score
Price KWD0.70
GF Value KWD0.79
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Al Ahleia Insurance CoKP Beneish M-Score?

Al Ahleia Insurance CoKP KUW:AINS -2.37% 31 Beneish M-Score is 0.00 as of Jul. 09, 2026. GuruFocus rates KUW:AINS with a GF Score™ of 31/100 and a GF Value™ of KWD0.79 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 399 Insurance companies, Al Ahleia Insurance CoKP ranks worse than 250626.32% 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 Al Ahleia Insurance CoKP's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Al Ahleia Insurance CoKP was -1.11. The lowest was -1.49. And the median was -1.30.

KUW:AINS
31GF Score
Al Ahleia Insurance Co SAKP KUW:AINS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Ahleia Insurance CoKP 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 Al Ahleia Insurance CoKP 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was KWD0.0 Mil.
Revenue was 33.181 + 33.335 + 34.59 + 42.096 = KWD143.2 Mil.
Gross Profit was 33.181 + 33.335 + 34.59 + 42.096 = KWD143.2 Mil.
Total Current Assets was KWD0.0 Mil.
Total Assets was KWD491.6 Mil.
Property, Plant and Equipment(Net PPE) was KWD3.8 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.4 Mil.
Selling, General, & Admin. Expense(SGA) was KWD4.2 Mil.
Total Current Liabilities was KWD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was KWD8.8 Mil.
Net Income was 4.802 + 7.321 + 4.345 + 3.552 = KWD20.0 Mil.
Non Operating Income was 0.257 + 0.311 + 0.41 + 0.778 = KWD1.8 Mil.
Cash Flow from Operations was 0.413 + 17.46 + 4.729 + 13.763 = KWD36.4 Mil.
 Total Receivables was KWD0.0 Mil.
Revenue was 35.032 + 31.931 + 31.518 + 33.64 = KWD132.1 Mil.
Gross Profit was 35.032 + 31.931 + 31.518 + 33.64 = KWD132.1 Mil.
Total Current Assets was KWD0.0 Mil.
Total Assets was KWD444.0 Mil.
Property, Plant and Equipment(Net PPE) was KWD3.9 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.3 Mil.
Selling, General, & Admin. Expense(SGA) was KWD4.2 Mil.
Total Current Liabilities was KWD0.0 Mil.
Long-Term Debt & Capital Lease Obligation was KWD0.0 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 / 143.202) / (0 / 132.121)
=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)
=(132.121 / 132.121) / (143.202 / 143.202)
=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 + 3.802) / 491.563) / (1 - (0 + 3.895) / 444.045)
=0.992265 / 0.991228
=

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
=143.202 / 132.121
=

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))
=(0.27 / (0.27 + 3.895)) / (0.411 / (0.411 + 3.802))
=0.064826 / 0.097555
=

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)
=(4.216 / 143.202) / (4.179 / 132.121)
=0.029441 / 0.03163
=

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)
=((8.843 + 0) / 491.563) / ((0 + 0) / 444.045)
=0.01799 / 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
=(20.02 - 1.756 - 36.365) / 491.563
=-0.036823

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?
Al Ahleia Insurance CoKP (KUW:AINS) has a Beneish M-Score of 0.00 as of Jul. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Al Ahleia Insurance CoKP and its competitors. According to the industry distribution chart, Al Ahleia Insurance CoKP ranks #999999 out of 399 companies in the Insurance industry.
Is Al Ahleia Insurance CoKP's Beneish M-Score too high?
Al Ahleia Insurance CoKP's current Beneish M-Score is 0.00. Based on the distribution chart, Al Ahleia Insurance CoKP ranks #999999 out of 399 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Al Ahleia Insurance CoKP has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Ahleia Insurance CoKP's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Al Ahleia Insurance CoKP ranks #999999 out of 399 companies for Beneish M-Score. This places Al Ahleia Insurance CoKP 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Al Ahleia Insurance CoKP and its competitors. Al Ahleia Insurance CoKP'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 Al Ahleia Insurance CoKP stock overvalued right now?
Based on GuruFocus' analysis, Al Ahleia Insurance CoKP (KUW:AINS) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD0.79, compared to a current price of KWD0.70 — trading 11.3% below its estimated fair value. The current Beneish M-Score is 0.00. Al Ahleia Insurance CoKP's overall GF Score™ is 31/100 with 5 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 Al Ahleia Insurance CoKP (KUW:AINS), the current Beneish M-Score is 0.00 as of Jul. 09, 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 Al Ahleia Insurance CoKP (KUW:AINS) Overvalued in 2026?

Based on GuruFocus' analysis, Al Ahleia Insurance CoKP stock appears to be undervalued. The current stock price of KWD0.70 is trading 11.3% below its estimated GF Value™ of KWD0.79. GuruFocus considers Al Ahleia Insurance CoKP to be Modestly Undervalued.

Key valuation signals for KUW:AINS:

  • Beneish M-Score: 0.00
  • GF Value™: KWD0.79 vs. price of KWD0.70 (11.3% below fair value)
  • GF Score™: 31/100 with 5 warning signs

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

Al Ahleia Insurance CoKP Business Description

Address Ahmad Al-Jaber Street, Building 21, Block No. 2, P.O.Box 1602, Al Ahleia Insurance Company Tower, Al-Sharq, Safat, Kuwait, KWT, 13017
Al Ahleia Insurance Co SAKP is engaged in the insurance sector. The insurance products of the company include Motor insurance, Life and Medical insurance, Marine and aviation insurance, and Fire and General Accident Insurance.
31GF Score

Get the complete analysis for KUW:AINS

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

KWD0.70
Price
KWD0.79
GF Value