Bank Uralsib PJSC (MIC:USBN) Beneish M-Score: 0.00 (As of Jul. 01, 2026)


MIC:USBN Bank Uralsib PJSC MIC:USBN
40 GF Score
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What is Bank Uralsib PJSC Beneish M-Score?

Bank Uralsib PJSC MIC:USBN +3.41% 40 Beneish M-Score is 0.00 as of Jul. 01, 2026. GuruFocus rates MIC:USBN with a GF Score™ of 40/100.

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 Bank Uralsib PJSC's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Bank Uralsib PJSC was 0.00. The lowest was 0.00. And the median was 0.00.

MIC:USBN
40GF Score
Bank Uralsib PJSC MIC:USBN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank Uralsib PJSC 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 Bank Uralsib PJSC 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 * 1.0048+0.892 * 1.2169+0.115 * 0.9673
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0415+4.679 * 0.066575-0.327 * 1.0809
=-2.01

* 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 (Dec21) TTM:Last Year (Dec20) TTM:
Total Receivables was ₽0 Mil.
Revenue was ₽35,708 Mil.
Gross Profit was ₽35,708 Mil.
Total Current Assets was ₽0 Mil.
Total Assets was ₽530,534 Mil.
Property, Plant and Equipment(Net PPE) was ₽13,865 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽1,848 Mil.
Selling, General, & Admin. Expense(SGA) was ₽4,812 Mil.
Total Current Liabilities was ₽0 Mil.
Long-Term Debt & Capital Lease Obligation was ₽54,144 Mil.
Net Income was ₽11,457 Mil.
Gross Profit was ₽0 Mil.
Cash Flow from Operations was ₽-23,863 Mil.
 Total Receivables was ₽0 Mil.
Revenue was ₽29,343 Mil.
Gross Profit was ₽29,343 Mil.
Total Current Assets was ₽0 Mil.
Total Assets was ₽505,592 Mil.
Property, Plant and Equipment(Net PPE) was ₽15,587 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽2,000 Mil.
Selling, General, & Admin. Expense(SGA) was ₽3,797 Mil.
Total Current Liabilities was ₽0 Mil.
Long-Term Debt & Capital Lease Obligation was ₽47,735 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 / 35707.56) / (0 / 29343.321)
=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)
=(29343.321 / 29343.321) / (35707.56 / 35707.56)
=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 + 13865.25) / 530534.227) / (1 - (0 + 15587.423) / 505591.766)
=0.973865 / 0.96917
=1.0048

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
=35707.56 / 29343.321
=1.2169

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))
=(2000.482 / (2000.482 + 15587.423)) / (1847.573 / (1847.573 + 13865.25))
=0.113742 / 0.117584
=0.9673

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)
=(4811.994 / 35707.56) / (3796.631 / 29343.321)
=0.134761 / 0.129387
=1.0415

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)
=((54143.99 + 0) / 530534.227) / ((47734.954 + 0) / 505591.766)
=0.102056 / 0.094414
=1.0809

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
=(11457.135 - 0 - -23862.965) / 530534.227
=0.066575

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.

Bank Uralsib PJSC has a M-score of -2.01 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?
Bank Uralsib PJSC (MIC:USBN) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bank Uralsib PJSC and its competitors.
Is Bank Uralsib PJSC's Beneish M-Score too high?
Bank Uralsib PJSC's current Beneish M-Score is 0.00. Overall, Bank Uralsib PJSC has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Bank Uralsib PJSC's Beneish M-Score compare to competitors?
Bank Uralsib PJSC'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 Bank Uralsib PJSC and its competitors. Bank Uralsib PJSC'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 Bank Uralsib PJSC stock overvalued right now?
Bank Uralsib PJSC (MIC:USBN) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Bank Uralsib PJSC's overall GF Score™ is 40/100. 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 Bank Uralsib PJSC (MIC:USBN), the current Beneish M-Score is 0.00 as of Jul. 01, 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.

Bank Uralsib PJSC Business Description

Address ul. Efremova, 8, Moscow, RUS, 119048
Bank Uralsib PJSC operates in the Russian banking sector. Its operations span a wide range of financial services offered to corporate and private clients. The company's activities are segmented into the Retail, Corporate and Investment Banking divisions. Corporate and Retail customers benefit from services like current and demand deposits, credit cards, various types of loans and premium offerings. Most of the company's revenues are obtained in the form of interest income from the Private Banking segment. The Investment Banking division provides loans for real estate in the form of equipment financing and project finance services to help the development of new lines of businesses.
40GF Score

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

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