Prime Life Insurance Co (XNEP:PLIC) Beneish M-Score: 0.00 (As of Jul. 14, 2026)

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XNEP:PLIC Prime Life Insurance Co Ltd XNEP:PLIC
21 GF Score
Price NPR340.00
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What is Prime Life Insurance Co Beneish M-Score?

Prime Life Insurance Co XNEP:PLIC 21 Beneish M-Score is 0.00 as of Jul. 14, 2026. GuruFocus rates XNEP:PLIC with a GF Score™ of 21/100.

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 Prime Life Insurance Co's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Prime Life Insurance Co was 0.00. The lowest was 0.00. And the median was 0.00.

XNEP:PLIC
21GF Score
Prime Life Insurance Co Ltd XNEP:PLIC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Prime 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 Prime 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 (Jul21) TTM:Last Year (Jul20) TTM:
Total Receivables was NPR436 Mil.
Revenue was NPR5,732 Mil.
Gross Profit was NPR5,732 Mil.
Total Current Assets was NPR0 Mil.
Total Assets was NPR19,100 Mil.
Property, Plant and Equipment(Net PPE) was NPR240 Mil.
Depreciation, Depletion and Amortization(DDA) was NPR11 Mil.
Selling, General, & Admin. Expense(SGA) was NPR77 Mil.
Total Current Liabilities was NPR0 Mil.
Long-Term Debt & Capital Lease Obligation was NPR0 Mil.
Net Income was NPR3,643 Mil.
Gross Profit was NPR157 Mil.
Cash Flow from Operations was NPR1,624 Mil.
 Total Receivables was NPR292 Mil.
Revenue was NPR4,642 Mil.
Gross Profit was NPR4,642 Mil.
Total Current Assets was NPR0 Mil.
Total Assets was NPR15,913 Mil.
Property, Plant and Equipment(Net PPE) was NPR218 Mil.
Depreciation, Depletion and Amortization(DDA) was NPR10 Mil.
Selling, General, & Admin. Expense(SGA) was NPR79 Mil.
Total Current Liabilities was NPR0 Mil.
Long-Term Debt & Capital Lease Obligation was NPR0 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)
=(436 / 5732.152) / (291.863 / 4641.549)
=0.076062 / 0.062881
=

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)
=(4641.549 / 4641.549) / (5732.152 / 5732.152)
=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 + 240.439) / 19099.549) / (1 - (0 + 218.346) / 15912.79)
=0.987411 / 0.986279
=

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
=5732.152 / 4641.549
=

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))
=(9.917 / (9.917 + 218.346)) / (10.771 / (10.771 + 240.439))
=0.043445 / 0.042876
=

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)
=(76.964 / 5732.152) / (79.119 / 4641.549)
=0.013427 / 0.017046
=

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) / 19099.549) / ((0 + 0) / 15912.79)
=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
=(3643.378 - 156.718 - 1623.692) / 19099.549
=0.09754

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?
Prime Life Insurance Co (XNEP:PLIC) has a Beneish M-Score of 0.00 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Prime Life Insurance Co and its competitors.
Is Prime Life Insurance Co's Beneish M-Score too high?
Prime Life Insurance Co's current Beneish M-Score is 0.00. Overall, Prime Life Insurance Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Prime Life Insurance Co's Beneish M-Score compare to MET and PRU?
Prime Life Insurance Co'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 Prime Life Insurance Co and its competitors. Prime 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 Prime Life Insurance Co stock overvalued right now?
Prime Life Insurance Co (XNEP:PLIC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Prime Life Insurance Co's overall GF Score™ is 21/100. 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 Prime Life Insurance Co (XNEP:PLIC), the current Beneish M-Score is 0.00 as of Jul. 14, 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.

Prime Life Insurance Co Business Description

Address Hattisar, Manakamana Marga, P.O. Box 25979, Kathmandu, NPL
Prime Life Insurance Co Ltd provides life insurance products and services in Nepal. The company's operating segment includes Endowment; Anticipated Endowment; Endowment Cum Whole Life; Whole Life; Without Profit Endowment; Foreign Employment Term; Other Term; Special Term and others. It generates maximum revenue from the Endowment segment.
21GF Score

Get the complete analysis for XNEP:PLIC

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

NPR340.00
Price