SBI Life Insurance Co (NSE:SBILIFE) Beneish M-Score: 0.00 (As of Jun. 30, 2026)


NSE:SBILIFE SBI Life Insurance Co Ltd NSE:SBILIFE
82 GF Score
Price ₹1,755.40
GF Value ₹1,998.96
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is SBI Life Insurance Co Beneish M-Score?

SBI Life Insurance Co NSE:SBILIFE +0.60% 82 Beneish M-Score is 0.00 as of Jun. 30, 2026. GuruFocus rates NSE:SBILIFE with a GF Score™ of 82/100 and a GF Value™ of ₹1,998.96 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 402 Insurance companies, SBI Life Insurance Co ranks worse than 248755.97% 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.

The historical rank and industry rank for SBI Life Insurance Co's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of SBI Life Insurance Co was 0.00. The lowest was 0.00. And the median was 0.00.

NSE:SBILIFE
82GF Score
SBI Life Insurance Co Ltd NSE:SBILIFE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SBI Life Insurance Co 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 SBI Life Insurance Co 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₹0 Mil.
Revenue was ₹1,122,911 Mil.
Gross Profit was ₹1,122,911 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹5,000,459 Mil.
Property, Plant and Equipment(Net PPE) was ₹6,877 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 Mil.
Net Income was ₹24,703 Mil.
Gross Profit was ₹0 Mil.
Cash Flow from Operations was ₹345,227 Mil.
 Total Receivables was ₹52,366 Mil.
Revenue was ₹1,169,199 Mil.
Gross Profit was ₹1,169,199 Mil.
Total Current Assets was ₹0 Mil.
Total Assets was ₹4,570,954 Mil.
Property, Plant and Equipment(Net PPE) was ₹5,756 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹838 Mil.
Selling, General, & Admin. Expense(SGA) was ₹5,788 Mil.
Total Current Liabilities was ₹0 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0 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 / 1122911.1) / (52366.2 / 1169198.9)
=0 / 0.044788
=

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)
=(1169198.9 / 1169198.9) / (1122911.1 / 1122911.1)
=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 + 6876.9) / 5000459.4) / (1 - (0 + 5755.9) / 4570954.3)
=0.998625 / 0.998741
=

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
=1122911.1 / 1169198.9
=

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))
=(837.5 / (837.5 + 5755.9)) / (0 / (0 + 6876.9))
=0.127021 / 0
=

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 / 1122911.1) / (5787.9 / 1169198.9)
=0 / 0.00495
=

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) / 5000459.4) / ((0 + 0) / 4570954.3)
=0 / 0
=

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
=(24703 - 0 - 345226.7) / 5000459.4
=-0.064099

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
SBI Life Insurance Co (NSE:SBILIFE) has a Beneish M-Score of 0.00 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SBI Life Insurance Co and its competitors. According to the industry distribution chart, SBI Life Insurance Co ranks #999999 out of 402 companies in the Insurance industry.
Is SBI Life Insurance Co's Beneish M-Score too high?
SBI Life Insurance Co's current Beneish M-Score is 0.00. Based on the distribution chart, SBI Life Insurance Co ranks #999999 out of 402 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, SBI Life Insurance Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SBI Life Insurance Co's Beneish M-Score compare to AFL and MET?
According to the Insurance industry distribution chart, SBI Life Insurance Co ranks #999999 out of 402 companies for Beneish M-Score. This places SBI Life Insurance Co 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 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 SBI Life Insurance Co and its competitors. SBI Life Insurance Co'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 SBI Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, SBI Life Insurance Co (NSE:SBILIFE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,998.96, compared to a current price of ₹1,755.40 — trading 12.2% below its estimated fair value. The current Beneish M-Score is 0.00. SBI Life Insurance Co's overall GF Score™ is 82/100 with 3 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 SBI Life Insurance Co (NSE:SBILIFE), the current Beneish M-Score is 0.00 as of Jun. 30, 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 SBI Life Insurance Co (NSE:SBILIFE) Overvalued in 2026?

Based on GuruFocus' analysis, SBI Life Insurance Co stock appears to be undervalued. The current stock price of ₹1,755.40 is trading 12.2% below its estimated GF Value™ of ₹1,998.96. GuruFocus considers SBI Life Insurance Co to be Modestly Undervalued.

Key valuation signals for NSE:SBILIFE:

  • Beneish M-Score: 0.00
  • GF Value™: ₹1,998.96 vs. price of ₹1,755.40 (12.2% below fair value)
  • GF Score™: 82/100 with 3 warning signs

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

SBI Life Insurance Co Business Description

Other Exchanges 540719:India
Address M. V. Road and Western Express Highway Junction, Natraj, Andheri East, Mumbai, MH, IND, 400069
SBI Life Insurance Co Ltd is a life insurance company in India. The company offers insurance products for individuals and groups, including Poorna Suraksha, Sampoorn Cancer Suraksha, eShield, CapAssure Gold, and others. The company has many products catering to various customer needs in the life, health, pension, and micro-insurance segments. The company operates through the following segments: Participating, Non-Participating, and Linked. The company derives the majority of its revenue from the Non-Participating segment, which includes endowment products, a variable insurance plan, an immediate annuity product, group protection products, and others.
82GF Score

Get the complete analysis for NSE:SBILIFE

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

₹1,755.40
Price
₹1,998.96
GF Value