IDI Insurance Co (XTAE:IDIN) Beneish M-Score: 0.00 (As of Jul. 30, 2026)

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XTAE:IDIN IDI Insurance Co Ltd XTAE:IDIN
67 GF Score
Price ₪239.60
GF Value ₪181.62
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is IDI Insurance Co Beneish M-Score?

IDI Insurance Co XTAE:IDIN +1.61% 67 Beneish M-Score is 0.00 as of Jul. 30, 2026. GuruFocus rates XTAE:IDIN with a GF Score™ of 67/100 and a GF Value™ of ₪181.62 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 397 Insurance companies, IDI Insurance Co ranks worse than 251888.92% 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 IDI 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 IDI Insurance Co was -2.04. The lowest was -4.85. And the median was -2.53.

XTAE:IDIN
67GF Score
IDI Insurance Co Ltd XTAE:IDIN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IDI 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 IDI 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 ₪33.0 Mil.
Revenue was 810.198 + -1696.503 + 960.184 + 844.246 = ₪918.1 Mil.
Gross Profit was 810.198 + -1696.503 + 960.184 + 844.246 = ₪918.1 Mil.
Total Current Assets was ₪0.0 Mil.
Total Assets was ₪6,537.8 Mil.
Property, Plant and Equipment(Net PPE) was ₪133.8 Mil.
Depreciation, Depletion and Amortization(DDA) was ₪94.5 Mil.
Selling, General, & Admin. Expense(SGA) was ₪0.0 Mil.
Total Current Liabilities was ₪0.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₪786.7 Mil.
Net Income was 98.305 + 89.163 + 82.747 + 94.618 = ₪364.8 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₪0.0 Mil.
Cash Flow from Operations was -95.303 + 299.698 + -134.391 + -58.235 = ₪11.8 Mil.
 Total Receivables was ₪30.0 Mil.
Revenue was 816.13 + -1605.915 + 916.612 + 764.282 = ₪891.1 Mil.
Gross Profit was 816.13 + -1605.915 + 916.612 + 764.282 = ₪891.1 Mil.
Total Current Assets was ₪0.0 Mil.
Total Assets was ₪5,975.1 Mil.
Property, Plant and Equipment(Net PPE) was ₪135.6 Mil.
Depreciation, Depletion and Amortization(DDA) was ₪87.3 Mil.
Selling, General, & Admin. Expense(SGA) was ₪0.0 Mil.
Total Current Liabilities was ₪0.0 Mil.
Long-Term Debt & Capital Lease Obligation was ₪0.0 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)
=(33.026 / 918.125) / (30.012 / 891.109)
=0.035971 / 0.033679
=

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)
=(891.109 / 891.109) / (918.125 / 918.125)
=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 + 133.775) / 6537.779) / (1 - (0 + 135.613) / 5975.071)
=0.979538 / 0.977304
=

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
=918.125 / 891.109
=

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))
=(87.286 / (87.286 + 135.613)) / (94.479 / (94.479 + 133.775))
=0.391594 / 0.41392
=

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 / 918.125) / (0 / 891.109)
=0 / 0
=

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)
=((786.7 + 0) / 6537.779) / ((0 + 0) / 5975.071)
=0.120331 / 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
=(364.833 - 0 - 11.769) / 6537.779
=0.054004

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?
IDI Insurance Co (XTAE:IDIN) has a Beneish M-Score of 0.00 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on IDI Insurance Co and its competitors. According to the industry distribution chart, IDI Insurance Co ranks #999999 out of 397 companies in the Insurance industry.
Is IDI Insurance Co's Beneish M-Score too high?
IDI Insurance Co's current Beneish M-Score is 0.00. Based on the distribution chart, IDI Insurance Co ranks #999999 out of 397 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, IDI Insurance Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IDI Insurance Co's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, IDI Insurance Co ranks #999999 out of 397 companies for Beneish M-Score. This places IDI 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 IDI Insurance Co and its competitors. IDI 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 IDI Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, IDI Insurance Co (XTAE:IDIN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪181.62, compared to a current price of ₪239.60 — trading 31.9% above its estimated fair value. The current Beneish M-Score is 0.00. IDI Insurance Co's overall GF Score™ is 67/100 with 4 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 IDI Insurance Co (XTAE:IDIN), the current Beneish M-Score is 0.00 as of Jul. 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 IDI Insurance Co (XTAE:IDIN) Overvalued in 2026?

Based on GuruFocus' analysis, IDI Insurance Co stock appears to be overvalued. The current stock price of ₪239.60 is trading 31.9% above its estimated GF Value™ of ₪181.62. GuruFocus considers IDI Insurance Co to be Significantly Overvalued.

Key valuation signals for XTAE:IDIN:

  • Beneish M-Score: 0.00
  • GF Value™: ₪181.62 vs. price of ₪239.60 (31.9% above fair value)
  • GF Score™: 67/100 with 4 warning signs

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

IDI Insurance Co Business Description

Address 35 Efal Street, Kiryat Arie, Petach Tikva, Tikva, ISR, 4951132
IDI Insurance Co Ltd is a diversified insurance company that provides a wide range of insurance products and services in Israel. The company's health insurance offerings include coverage products for operations, surgeries, and medicines. IDI business insurance offerings include professional liability insurance for lawyers and office insurance. The company's accident insurance focuses on critical illness, disability, and personal accident events. IDI also provides insurance for mortgages that cover the policy owner and mortgage lending bank against possible damages to the homeowner's collateral.
67GF Score

Get the complete analysis for XTAE:IDIN

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

₪239.60
Price
₪181.62
GF Value