Oman United Insurance CoOG (MUS:OUIC) Beneish M-Score: 0.00 (As of Jun. 29, 2026)


MUS:OUIC Oman United Insurance Co SAOG MUS:OUIC
12 GF Score
Price ر.ع0.33
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What is Oman United Insurance CoOG Beneish M-Score?

Oman United Insurance CoOG MUS:OUIC +1.56% 12 Beneish M-Score is 0.00 as of Jun. 29, 2026. GuruFocus rates MUS:OUIC with a GF Score™ of 12/100.

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 Oman United Insurance CoOG's Beneish M-Score or its related term are showing as below:

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

MUS:OUIC
12GF Score
Oman United Insurance Co SAOG MUS:OUIC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Oman United Insurance CoOG 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 United Insurance CoOG 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 * 1.1139+0.528 * 1+0.404 * 1.003+0.892 * 0.9698+0.115 * 0.965
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 5.924+4.679 * 0.052409-0.327 * 1.033
=-3.02

* 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 (Mar23) TTM:Last Year (Dec21) TTM:
Total Receivables was ر.ع8.92 Mil.
Revenue was 6.347 + 4.994 + 4.677 + 5.577 = ر.ع21.60 Mil.
Gross Profit was 6.347 + 4.994 + 4.677 + 5.577 = ر.ع21.60 Mil.
Total Current Assets was ر.ع0.00 Mil.
Total Assets was ر.ع112.81 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع1.22 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع0.35 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع5.07 Mil.
Total Current Liabilities was ر.ع0.00 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.35 Mil.
Net Income was 0.843 + 0.522 + -0.206 + 1.097 = ر.ع2.26 Mil.
Non Operating Income was 0.038 + 0.041 + 0.04 + 0.039 = ر.ع0.16 Mil.
Cash Flow from Operations was -0.843 + -1.078 + -0.756 + -1.137 = ر.ع-3.81 Mil.
 Total Receivables was ر.ع8.26 Mil.
Revenue was 5.497 + 5.001 + 6.341 + 5.428 = ر.ع22.27 Mil.
Gross Profit was 5.497 + 5.001 + 6.341 + 5.428 = ر.ع22.27 Mil.
Total Current Assets was ر.ع0.00 Mil.
Total Assets was ر.ع108.78 Mil.
Property, Plant and Equipment(Net PPE) was ر.ع1.49 Mil.
Depreciation, Depletion and Amortization(DDA) was ر.ع0.41 Mil.
Selling, General, & Admin. Expense(SGA) was ر.ع0.88 Mil.
Total Current Liabilities was ر.ع0.00 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع0.32 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)
=(8.922 / 21.595) / (8.259 / 22.267)
=0.413151 / 0.370908
=1.1139

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)
=(22.267 / 22.267) / (21.595 / 21.595)
=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 + 1.219) / 112.805) / (1 - (0 + 1.494) / 108.784)
=0.989194 / 0.986266
=1.003

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
=21.595 / 22.267
=0.9698

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))
=(0.411 / (0.411 + 1.494)) / (0.351 / (0.351 + 1.219))
=0.215748 / 0.223567
=0.965

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)
=(5.073 / 21.595) / (0.883 / 22.267)
=0.234915 / 0.039655
=5.924

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)
=((0.346 + 0) / 112.805) / ((0.323 + 0) / 108.784)
=0.003067 / 0.002969
=1.033

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
=(2.256 - 0.158 - -3.814) / 112.805
=0.052409

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 United Insurance CoOG has a M-score of -3.02 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?
Oman United Insurance CoOG (MUS:OUIC) has a Beneish M-Score of 0.00 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Oman United Insurance CoOG and its competitors.
Is Oman United Insurance CoOG's Beneish M-Score too high?
Oman United Insurance CoOG's current Beneish M-Score is 0.00. Overall, Oman United Insurance CoOG has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Oman United Insurance CoOG's Beneish M-Score compare to HNNA and MSD?
Oman United Insurance CoOG's Beneish M-Score of 0.00 can be compared against companies in the Insurance 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 Oman United Insurance CoOG and its competitors. Oman United Insurance CoOG'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 Oman United Insurance CoOG stock overvalued right now?
Oman United Insurance CoOG (MUS:OUIC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Oman United Insurance CoOG's overall GF Score™ is 12/100. 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 Oman United Insurance CoOG (MUS:OUIC), the current Beneish M-Score is 0.00 as of Jun. 29, 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.

Oman United Insurance CoOG Business Description

Address Al Khuwair Street, P.O.Box 1522, Ruwi, Muscat, OMN, 112
Oman United Insurance Co SAOG is an insurance company. It is engaged in the underwriting of general and life and medical insurance business and in the repair and maintenance of motor vehicles. It operates in two segments General insurance and Life insurance. General insurance business includes insurance and re-insurance of motor, fire, general accident, marine cargo, hull, workmen compensation, engineering, and aviation. Life insurance relates to the insuring of the life of an individual, group life and group medical. It operates within the Sultanate of Oman with the highest revenue generated from General insurance segment.
12GF 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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