Majan College (University College)OG (MUS:BACS) Beneish M-Score: 8.56 (As of Jun. 26, 2026)

What is Majan College (University College)OG Beneish M-Score?

Majan College (University College)OG MUS:BACS 49 Beneish M-Score is 8.56 as of Jun. 26, 2026. GuruFocus rates MUS:BACS with a GF Score™ of 49/100 and a GF Value™ of ر.ع0.12 (Fairly Valued). The stock has 8 warning signs investors should review. Among 243 Education companies, Majan College (University College)OG ranks worse than 98.35% on this metric.

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.

Warning Sign:

Beneish M-Score 8.56 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Majan College (University College)OG's Beneish M-Score or its related term are showing as below:

MUS:BACS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.92 Med: -1.71 Max: 8.56
Current: 8.56

During the past 13 years, the highest Beneish M-Score of Majan College (University College)OG was 8.56. The lowest was -2.92. And the median was -1.71.

Majan College (University College)OG Beneish M-Score Related Terms

Majan College (University College)OG Beneish M-Score Historical Data

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The historical data trend for Majan College (University College)OG's Beneish M-Score can be seen below:

* 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.

Majan College (University College)OG Beneish M-Score Chart

Majan College (University College)OG Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

Beneish M-Score

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-2.13

-1.71

-2.92

-1.62

8.56

Majan College (University College)OG Semi-Annual Data
	Aug06	Aug07	Aug08	Aug09	Aug10	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23	Aug24	Aug25
Beneish M-Score	Get a 7-Day Free Trial															-2.13	-1.71	-2.92	-1.62	8.56

MUS:BACS vs EDU, LRN, TAL: Beneish M-Score Comparison

For the Education & Training Services subindustry, Majan College (University College)OG's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Majan College (University College)OG Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Majan College (University College)OG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Majan College (University College)OG's Beneish M-Score falls into.

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49GF Score

Majan College (University College) SAOG MUS:BACS

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Majan College (University College)OG 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 Majan College (University College)OG for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0214

0.528 * 1

0.404 * 28.4053

0.892 * 1.0808

0.115 * 0.9796

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1756

4.679 * -0.029828

0.327 * 0.8631

8.56

This Year (Aug25) TTM:

Last Year (Aug24) TTM:

Total Receivables was ر.ع1.42 Mil.
Revenue was ر.ع4.44 Mil.
Gross Profit was ر.ع4.44 Mil.
Total Current Assets was ر.ع4.27 Mil.
Total Assets was ر.ع15.82 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع2.95 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع0.27 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع1.05 Mil.
Total Current Liabilities was ر.ع0.69 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.00 Mil.
Net Income was ر.ع0.74 Mil.
Gross Profit was ر.ع0.00 Mil.
Cash Flow from Operations was ر.ع1.21 Mil.

Total Receivables was ر.ع1.29 Mil.
Revenue was ر.ع4.11 Mil.
Gross Profit was ر.ع4.11 Mil.
Total Current Assets was ر.ع11.69 Mil.
Total Assets was ر.ع15.00 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع3.02 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع0.27 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.82 Mil.
Total Current Liabilities was ر.ع0.76 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.00 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)
	=	(1.423 / 4.44)	/	(1.289 / 4.108)
	=	0.320495	/	0.313778
	=	1.0214

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)
	=	(4.108 / 4.108)	/	(4.44 / 4.44)
	=	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 - (4.272 + 2.952) / 15.824)	/	(1 - (11.694 + 3.019) / 15)
	=	0.543478	/	0.019133
	=	28.4053

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
	=	4.44	/	4.108
	=	1.0808

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))
	=	(0.271 / (0.271 + 3.019))	/	(0.271 / (0.271 + 2.952))
	=	0.082371	/	0.084083
	=	0.9796

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)
	=	(1.047 / 4.44)	/	(0.824 / 4.108)
	=	0.235811	/	0.200584
	=	1.1756

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 + 0.692) / 15.824)	/	((0 + 0.76) / 15)
	=	0.043731	/	0.050667
	=	0.8631

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
	=	(0.735 - 0	-	1.207)	/	15.824
	=	-0.029828

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.

Majan College (University College)OG has a M-score of 8.56 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 8.56 mean?

Majan College (University College)OG (MUS:BACS) has a Beneish M-Score of 8.56 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Majan College (University College)OG and its competitors. According to the industry distribution chart, Majan College (University College)OG ranks #239 out of 243 companies in the Education industry, placing it in the top 98.4%.

Is Majan College (University College)OG's Beneish M-Score too high?

Majan College (University College)OG's current Beneish M-Score is 8.56. Based on the distribution chart, Majan College (University College)OG ranks #239 out of 243 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Majan College (University College)OG has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Majan College (University College)OG's Beneish M-Score compare to EDU and LRN?

According to the Education industry distribution chart, Majan College (University College)OG ranks #239 out of 243 companies for Beneish M-Score. This places Majan College (University College)OG 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 Education company?

A good Beneish M-Score depends on the Education 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 Majan College (University College)OG and its competitors. Majan College (University College)OG's current Beneish M-Score is 8.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Majan College (University College)OG stock overvalued right now?

Based on GuruFocus' analysis, Majan College (University College)OG (MUS:BACS) is currently considered Fairly Valued. The stock's GF Value™ is ر.ع0.12, compared to a current price of ر.ع0.13 — trading 10% above its estimated fair value. The current Beneish M-Score is 8.56. Majan College (University College)OG's overall GF Score™ is 49/100 with 8 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 Majan College (University College)OG (MUS:BACS), the current Beneish M-Score is 8.56 as of Jun. 26, 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 Majan College (University College)OG (MUS:BACS) Overvalued in 2026?

Based on GuruFocus' analysis, Majan College (University College)OG stock appears to be overvalued. The current stock price of ر.ع0.13 is trading 10% above its estimated GF Value™ of ر.ع0.12. GuruFocus considers Majan College (University College)OG to be Fairly Valued.

Key valuation signals for MUS:BACS:

Beneish M-Score: 8.56
GF Value™: ر.ع0.12 vs. price of ر.ع0.13 (10% above fair value)
GF Score™: 49/100 with 8 warning signs

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

Majan College (University College)OG Business Description

Industry Consumer Defensive Education

Comparable Companies EDU LRN TAL LOPE ATGE GHC LAUR SZSE:002607 HKSE:09636 STRA SZSE:300364 PRDO UTI OHEL:SANOMA SAU:4291 HKSE:00667 XMAD:PRO AFYA HKSE:01797 ASX:IEL

Address Building No 1986, Way No. 2621, P.O Box: 710, Ruwi, Mutrah, Muscat, OMN, 112

Website https://www.majancollege.edu.om

Majan College (University College) SAOG engages in the fields of management sciences and scientific research and provides education to students in the Sultanate of Oman. It offers undergraduate programmes in Business Administration with the following pathways: Marketing, E-Business, Accounting, Finance, Islamic Banking, Business Analytics with Artificial Intelligence, Finance and Technology (FinTech), Computer and Internet Applications, Networking, Computing, Data Science (Cybersecurity Pathway), and the English Language programme. These are delivered in both full-time and part-time mode. At postgraduate level, it offers master's programmes in Business Administration, Computer Science, and Applied Linguistics from the University of Bedfordshire, and its own MUC MBA (taught in Arabic).

49GF Score

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

ر.ع0.13

Price

ر.ع0.12

GF Value

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