Oman International Development and Investment CompanyOG (MUS:OMVS) Beneish M-Score: -2.16 (As of Jun. 26, 2026)


MUS:OMVS Oman International Development and Investment Company SAOG MUS:OMVS
56 GF Score
Price ر.ع0.37
GF Value ر.ع0.30
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Oman International Development and Investment CompanyOG Beneish M-Score?

Oman International Development and Investment CompanyOG MUS:OMVS -0.54% 56 Beneish M-Score is -2.16 as of Jun. 26, 2026. GuruFocus rates MUS:OMVS with a GF Score™ of 56/100 and a GF Value™ of ر.ع0.30 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 86 Diversified Financial Services companies, Oman International Development and Investment CompanyOG ranks worse than 67.44% 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.

Good Sign:

Beneish M-Score -2.16 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Oman International Development and Investment CompanyOG's Beneish M-Score or its related term are showing as below:

MUS:OMVS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.69   Med: -2.19   Max: -1.23
Current: -2.16

During the past 13 years, the highest Beneish M-Score of Oman International Development and Investment CompanyOG was -1.23. The lowest was -2.69. And the median was -2.19.

MUS:OMVS
56GF Score
Oman International Development and Investment Company SAOG MUS:OMVS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Oman International Development and Investment CompanyOG 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 Oman International Development and Investment CompanyOG 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 * 0.9887+0.528 * 1+0.404 * 0.9879+0.892 * 1.0913+0.115 * 1.41
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.041248-0.327 * 0.9444
=-2.16

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was ر.ع7.5 Mil.
Revenue was ر.ع456.3 Mil.
Gross Profit was ر.ع456.3 Mil.
Total Current Assets was ر.ع0.0 Mil.
Total Assets was ر.ع1,398.9 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع65.8 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع4.9 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.0 Mil.
Total Current Liabilities was ر.ع0.0 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع518.4 Mil.
Net Income was ر.ع40.2 Mil.
Gross Profit was ر.ع3.1 Mil.
Cash Flow from Operations was ر.ع-20.6 Mil.
 Total Receivables was ر.ع7.0 Mil.
Revenue was ر.ع418.1 Mil.
Gross Profit was ر.ع418.1 Mil.
Total Current Assets was ر.ع0.0 Mil.
Total Assets was ر.ع1,277.4 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع45.2 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع4.9 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.0 Mil.
Total Current Liabilities was ر.ع0.0 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع501.2 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)
=(7.546 / 456.254) / (6.994 / 418.095)
=0.016539 / 0.016728
=0.9887

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)
=(418.095 / 418.095) / (456.254 / 456.254)
=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 + 65.848) / 1398.854) / (1 - (0 + 45.238) / 1277.393)
=0.952927 / 0.964586
=0.9879

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
=456.254 / 418.095
=1.0913

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))
=(4.935 / (4.935 + 45.238)) / (4.938 / (4.938 + 65.848))
=0.09836 / 0.06976
=1.41

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 / 456.254) / (0 / 418.095)
=0 / 0
=1

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)
=((518.353 + 0) / 1398.854) / ((501.212 + 0) / 1277.393)
=0.370555 / 0.392371
=0.9444

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
=(40.24 - 3.136 - -20.596) / 1398.854
=0.041248

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.

Oman International Development and Investment CompanyOG has a M-score of -2.16 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 -2.16 mean?
Oman International Development and Investment CompanyOG (MUS:OMVS) has a Beneish M-Score of -2.16 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Oman International Development and Investment CompanyOG and its competitors. According to the industry distribution chart, Oman International Development and Investment CompanyOG ranks #58 out of 86 companies in the Diversified Financial Services industry, placing it in the top 67.4%.
Is Oman International Development and Investment CompanyOG's Beneish M-Score too high?
Oman International Development and Investment CompanyOG's current Beneish M-Score is -2.16. Based on the distribution chart, Oman International Development and Investment CompanyOG ranks #58 out of 86 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, Oman International Development and Investment CompanyOG has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oman International Development and Investment CompanyOG's Beneish M-Score compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Oman International Development and Investment CompanyOG ranks #58 out of 86 companies for Beneish M-Score. This places Oman International Development and Investment CompanyOG 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 a Diversified Financial Services company?
A good Beneish M-Score depends on the Diversified Financial Services 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 Oman International Development and Investment CompanyOG and its competitors. Oman International Development and Investment CompanyOG's current Beneish M-Score is -2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman International Development and Investment CompanyOG stock overvalued right now?
Based on GuruFocus' analysis, Oman International Development and Investment CompanyOG (MUS:OMVS) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.30, compared to a current price of ر.ع0.37 — trading 23.3% above its estimated fair value. The current Beneish M-Score is -2.16. Oman International Development and Investment CompanyOG's overall GF Score™ is 56/100 with 10 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 Oman International Development and Investment CompanyOG (MUS:OMVS), the current Beneish M-Score is -2.16 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 Oman International Development and Investment CompanyOG (MUS:OMVS) Overvalued in 2026?

Based on GuruFocus' analysis, Oman International Development and Investment CompanyOG stock appears to be overvalued. The current stock price of ر.ع0.37 is trading 23.3% above its estimated GF Value™ of ر.ع0.30. GuruFocus considers Oman International Development and Investment CompanyOG to be Modestly Overvalued.

Key valuation signals for MUS:OMVS:

  • Beneish M-Score: -2.16
  • GF Value™: ر.ع0.30 vs. price of ر.ع0.37 (23.3% above fair value)
  • GF Score™: 56/100 with 10 warning signs

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

Oman International Development and Investment CompanyOG Business Description

Address Muscat Hills, 7th Floor, Building No. 95, Block No. 9993, Madinat Al Erfaan, Muscat, OMN, 112
Oman International Development and Investment Company SAOG is an investment company whose objectives are to provide its shareholders long-term value. The company operates in four segments: Investments, which include investment activities for short-term and long-term purposes; Banking segment includes corporate, retail, and treasury, and investment banking activities; Insurance segment provides insurance-related activities for life and general insurance; and Real Estate segment includes activities in the real estate sector. The company generates the majority of its revenue from the Insurance segment.
56GF Score

Get the complete analysis for MUS:OMVS

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

ر.ع0.37
Price
ر.ع0.30
GF Value