Kuwait Insurance Co (KUW:KINS) Beneish M-Score: 0.00 (As of Jul. 14, 2026)

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KUW:KINS Kuwait Insurance Co KUW:KINS
28 GF Score
Price KWD0.47
GF Value KWD0.48
Valuation Fairly Valued
! 3 Warning Signs
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What is Kuwait Insurance Co Beneish M-Score?

Kuwait Insurance Co KUW:KINS 28 Beneish M-Score is 0.00 as of Jul. 14, 2026. GuruFocus rates KUW:KINS with a GF Score™ of 28/100 and a GF Value™ of KWD0.48 (Fairly Valued). The stock has 3 warning signs investors should review. Among 399 Insurance companies, Kuwait Insurance Co 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 Kuwait Insurance Co's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Kuwait Insurance Co was 0.00. The lowest was 0.00. And the median was 0.00.

KUW:KINS
28GF Score
Kuwait Insurance Co KUW:KINS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kuwait Insurance Co 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 Kuwait Insurance Co 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 KWD0.00 Mil.
Revenue was 8.849 + -15.54 + 12.572 + 12.151 = KWD18.03 Mil.
Gross Profit was 8.849 + -15.54 + 12.572 + 12.151 = KWD18.03 Mil.
Total Current Assets was KWD0.00 Mil.
Total Assets was KWD254.87 Mil.
Property, Plant and Equipment(Net PPE) was KWD0.37 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.17 Mil.
Selling, General, & Admin. Expense(SGA) was KWD0.00 Mil.
Total Current Liabilities was KWD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was KWD0.00 Mil.
Net Income was 1.181 + 0.6 + 1.878 + 3.575 = KWD7.23 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = KWD0.00 Mil.
Cash Flow from Operations was 1.615 + -0.897 + -1.556 + 0.356 = KWD-0.48 Mil.
 Total Receivables was KWD0.00 Mil.
Revenue was 9.491 + -0.22 + 15.111 + 11.552 = KWD35.93 Mil.
Gross Profit was 9.491 + -0.22 + 15.111 + 11.552 = KWD35.93 Mil.
Total Current Assets was KWD0.00 Mil.
Total Assets was KWD236.34 Mil.
Property, Plant and Equipment(Net PPE) was KWD0.38 Mil.
Depreciation, Depletion and Amortization(DDA) was KWD0.17 Mil.
Selling, General, & Admin. Expense(SGA) was KWD0.00 Mil.
Total Current Liabilities was KWD0.00 Mil.
Long-Term Debt & Capital Lease Obligation was KWD0.00 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)
=(0 / 18.032) / (0 / 35.934)
=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)
=(35.934 / 35.934) / (18.032 / 18.032)
=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 + 0.371) / 254.867) / (1 - (0 + 0.379) / 236.336)
=0.998544 / 0.998396
=

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
=18.032 / 35.934
=

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))
=(0.172 / (0.172 + 0.379)) / (0.174 / (0.174 + 0.371))
=0.31216 / 0.319266
=

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 / 18.032) / (0 / 35.934)
=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)
=((0 + 0) / 254.867) / ((0 + 0) / 236.336)
=0 / 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
=(7.234 - 0 - -0.482) / 254.867
=0.030275

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?
Kuwait Insurance Co (KUW:KINS) has a Beneish M-Score of 0.00 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kuwait Insurance Co and its competitors. According to the industry distribution chart, Kuwait Insurance Co ranks #999999 out of 399 companies in the Insurance industry.
Is Kuwait Insurance Co's Beneish M-Score too high?
Kuwait Insurance Co's current Beneish M-Score is 0.00. Based on the distribution chart, Kuwait Insurance Co ranks #999999 out of 399 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Kuwait Insurance Co has a GF Score™ of 28/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kuwait Insurance Co's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Kuwait Insurance Co ranks #999999 out of 399 companies for Beneish M-Score. This places Kuwait Insurance Co 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 Kuwait Insurance Co and its competitors. Kuwait Insurance Co'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 Kuwait Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, Kuwait Insurance Co (KUW:KINS) is currently considered Fairly Valued. The stock's GF Value™ is KWD0.48, compared to a current price of KWD0.47 — trading 2.3% below its estimated fair value. The current Beneish M-Score is 0.00. Kuwait Insurance Co's overall GF Score™ is 28/100 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 Kuwait Insurance Co (KUW:KINS), the current Beneish M-Score is 0.00 as of Jul. 14, 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 Kuwait Insurance Co (KUW:KINS) Overvalued in 2026?

Based on GuruFocus' analysis, Kuwait Insurance Co stock appears to be undervalued. The current stock price of KWD0.47 is trading 2.3% below its estimated GF Value™ of KWD0.48. GuruFocus considers Kuwait Insurance Co to be Fairly Valued.

Key valuation signals for KUW:KINS:

  • Beneish M-Score: 0.00
  • GF Value™: KWD0.48 vs. price of KWD0.47 (2.3% below fair value)
  • GF Score™: 28/100 with 3 warning signs

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

Kuwait Insurance Co Business Description

Address Abdullah Al Salem Street, P.O. Box 769, Kuwait Insurance House, Safat, Kuwait City, KWT, 13008
Kuwait Insurance Co underwrites life and non-life insurance risks such as fire, general accidents, marine, and aviation, and others lends funds against life insurance policies, and invests in permitted securities and real estate properties. The company provides many Insurance Services required for individuals and groups, to compensate for loss of and/or damage to the insured goods during transportation from one place to another. The company has five principal reportable segments as follows: Marine and aviation, Fire, General accident, Motors, Life Insurance, and Takaful. The company generates maximum of its revenue from Life Insurance segment.
28GF Score

Get the complete analysis for KUW:KINS

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

KWD0.47
Price
KWD0.48
GF Value