CIBanco Institucion de Banca Multiple (MEX:SOMA21) Beneish M-Score: 0.00 (As of Jul. 09, 2026)


MEX:SOMA21 CIBanco SA Institucion de Banca Multiple MEX:SOMA21
24 GF Score
Price MXN49.00
View Full Analysis

What is CIBanco Institucion de Banca Multiple Beneish M-Score?

CIBanco Institucion de Banca Multiple MEX:SOMA21 24 Beneish M-Score is 0.00 as of Jul. 09, 2026. GuruFocus rates MEX:SOMA21 with a GF Score™ of 24/100.

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 CIBanco Institucion de Banca Multiple's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of CIBanco Institucion de Banca Multiple was 0.00. The lowest was 0.00. And the median was 0.00.

MEX:SOMA21
24GF Score
CIBanco SA Institucion de Banca Multiple MEX:SOMA21
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CIBanco Institucion de Banca Multiple 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 CIBanco Institucion de Banca Multiple 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 * 1.0045+0.892 * 1.0092+0.115 * 0.9601
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0726+4.679 * -5.1E-5-0.327 * 0.8004
=-2.42

* 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 (Mar24) TTM:Last Year (Mar23) TTM:
Total Receivables was MXN0 Mil.
Revenue was 1605 + 1859 + 1559 + 1585 = MXN6,608 Mil.
Gross Profit was 1605 + 1859 + 1559 + 1585 = MXN6,608 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN117,129 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,997 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN436 Mil.
Selling, General, & Admin. Expense(SGA) was MXN2,273 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,280 Mil.
Net Income was 51 + 246 + 88 + 81 = MXN466 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Cash Flow from Operations was 203 + 336 + 2823 + -2890 = MXN472 Mil.
 Total Receivables was MXN0 Mil.
Revenue was 1634 + 1761 + 1535 + 1618 = MXN6,548 Mil.
Gross Profit was 1634 + 1761 + 1535 + 1618 = MXN6,548 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN88,327 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,896 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN394 Mil.
Selling, General, & Admin. Expense(SGA) was MXN2,100 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,206 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 / 6608) / (0 / 6548)
=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)
=(6548 / 6548) / (6608 / 6608)
=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 + 1997) / 117129) / (1 - (0 + 1896) / 88327)
=0.98295 / 0.978534
=1.0045

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
=6608 / 6548
=1.0092

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))
=(394 / (394 + 1896)) / (436 / (436 + 1997))
=0.172052 / 0.179203
=0.9601

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)
=(2273 / 6608) / (2100 / 6548)
=0.343977 / 0.320709
=1.0726

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)
=((1280 + 0) / 117129) / ((1206 + 0) / 88327)
=0.010928 / 0.013654
=0.8004

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
=(466 - 0 - 472) / 117129
=-5.1E-5

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.

CIBanco Institucion de Banca Multiple has a M-score of -2.42 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 0.00 mean?
CIBanco Institucion de Banca Multiple (MEX:SOMA21) 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 CIBanco Institucion de Banca Multiple and its competitors.
Is CIBanco Institucion de Banca Multiple's Beneish M-Score too high?
CIBanco Institucion de Banca Multiple's current Beneish M-Score is 0.00. Overall, CIBanco Institucion de Banca Multiple has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does CIBanco Institucion de Banca Multiple's Beneish M-Score compare to PNC and USB?
CIBanco Institucion de Banca Multiple's Beneish M-Score of 0.00 can be compared against companies in the Banks 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 CIBanco Institucion de Banca Multiple and its competitors. CIBanco Institucion de Banca Multiple'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 CIBanco Institucion de Banca Multiple stock overvalued right now?
CIBanco Institucion de Banca Multiple (MEX:SOMA21) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. CIBanco Institucion de Banca Multiple's overall GF Score™ is 24/100. 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 CIBanco Institucion de Banca Multiple (MEX:SOMA21), 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.

CIBanco Institucion de Banca Multiple Business Description

Address Paseo De La Reforma 115, Piso 23, Lomas De Chapultepec, Mexico, MEX, 11000
CIBanco SA Institucion de Banca Multiple provides financial products and services. The company's services include investment management, investment services and wealth management.
24GF Score

Get the complete analysis for MEX:SOMA21

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

MXN49.00
Price