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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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Amanet Management & Systems's Beneish M-Score or its related term are showing as below:
XTAE:AMAN'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.31 Med: -2.44 Max: -1.93
Current: -2.44
During the past 11 years, the highest Beneish M-Score of Amanet Management & Systems was -1.93. The lowest was -3.31. And the median was -2.44.
* 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.
For the Conglomerates subindustry, Amanet Management & Systems'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.
Amanet Management & Systems Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Amanet Management & Systems's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Amanet Management & Systems's Beneish M-Score falls into.
Amanet Management & Systems 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 Amanet Management & Systems 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 * 0.914
+
0.528 * 0.9454
+
0.404 * 0.5707
+
0.892 * 1.0475
+
0.115 * 1.2026
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9883
+
4.679 * 0.044381
-
0.327 * 0.8664
=
-2.44
* 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.
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.
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))
=
(7.538 / (7.538 + 13.676))
/
(5.58 / (5.58 + 13.306))
=
0.355331
/
0.295457
=
1.2026
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
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
=
(10.847 - 0
-
3.692)
/
161.219
=
0.044381
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.
Amanet Management & Systems has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Amanet Management & Systems (XTAE:AMAN) has a Beneish M-Score of -2.44 as of Aug. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amanet Management & Systems and its competitors. According to the industry distribution chart, Amanet Management & Systems ranks #292 out of 526 companies in the Conglomerates industry, placing it in the top 55.5%.
Is Amanet Management & Systems' Beneish M-Score too high?
Amanet Management & Systems' current Beneish M-Score is -2.44. Based on the distribution chart, Amanet Management & Systems ranks #292 out of 526 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Amanet Management & Systems has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amanet Management & Systems' Beneish M-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Amanet Management & Systems ranks #292 out of 526 companies for Beneish M-Score. This places Amanet Management & Systems 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 Amanet Management & Systems and its competitors. Amanet Management & Systems's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amanet Management & Systems stock overvalued right now?
Based on GuruFocus' analysis, Amanet Management & Systems (XTAE:AMAN) is currently considered Significantly Undervalued. The stock's GF Value™ is ₪18.69, compared to a current price of ₪12.78 — trading 31.6% below its estimated fair value. The current Beneish M-Score is -2.44. Amanet Management & Systems' overall GF Score™ is 52/100 with 1 warning sign 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 Amanet Management & Systems (XTAE:AMAN), the current Beneish M-Score is -2.44 as of Aug. 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.
Is Amanet Management & Systems (XTAE:AMAN) Overvalued in 2026?
Based on GuruFocus' analysis, Amanet Management & Systems stock appears to be undervalued.
The current stock price of ₪12.78 is trading 31.6% below its estimated GF Value™ of ₪18.69.
GuruFocus considers Amanet Management & Systems to be Significantly Undervalued.
Key valuation signals for XTAE:AMAN:
Beneish M-Score: -2.44
GF Value™: ₪18.69 vs. price of ₪12.78 (31.6% below fair value)
No single metric tells the full story. See the XTAE:AMAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amanet Management & Systems Ltd operates as a multi disciplinary service and consultancy provider. Its business activities include consulting, engineering, logistics and outsourcing, IT and software and development of large businesses in Israel & abroad. It has customer base in all segments of the industry such as defense, government, public institutions, commerce and services, construction, business field and others.
52GF Score
Get the complete analysis for XTAE:AMAN
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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