Amen Bank (XTUN:AB) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


XTUN:AB Amen Bank SA XTUN:AB
26 GF Score
Price TND67.00
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What is Amen Bank Beneish M-Score?

Amen Bank XTUN:AB 26 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates XTUN:AB with a GF Score™ of 26/100.

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 Amen Bank's Beneish M-Score or its related term are showing as below:

During the past 10 years, the highest Beneish M-Score of Amen Bank was 0.00. The lowest was 0.00. And the median was 0.00.

XTUN:AB
26GF Score
Amen Bank SA XTUN:AB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Amen Bank 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 Amen Bank 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+0.528 * 1+0.404 * 0.9896+0.892 * 1.0949+0.115 * 1.4678
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8962+4.679 * 0.010207-0.327 * 0.7686
=-2.20

* 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 (Dec22) TTM:Last Year (Dec21) TTM:
Total Receivables was TND0.0 Mil.
Revenue was TND489.5 Mil.
Gross Profit was TND489.5 Mil.
Total Current Assets was TND0.0 Mil.
Total Assets was TND10,243.1 Mil.
Property, Plant and Equipment(Net PPE) was TND396.7 Mil.
Depreciation, Depletion and Amortization(DDA) was TND9.9 Mil.
Selling, General, & Admin. Expense(SGA) was TND45.7 Mil.
Total Current Liabilities was TND0.0 Mil.
Long-Term Debt & Capital Lease Obligation was TND914.8 Mil.
Net Income was TND152.6 Mil.
Gross Profit was TND0.0 Mil.
Cash Flow from Operations was TND48.0 Mil.
 Total Receivables was TND0.0 Mil.
Revenue was TND447.1 Mil.
Gross Profit was TND447.1 Mil.
Total Current Assets was TND0.0 Mil.
Total Assets was TND9,409.8 Mil.
Property, Plant and Equipment(Net PPE) was TND269.4 Mil.
Depreciation, Depletion and Amortization(DDA) was TND9.9 Mil.
Selling, General, & Admin. Expense(SGA) was TND46.5 Mil.
Total Current Liabilities was TND0.0 Mil.
Long-Term Debt & Capital Lease Obligation was TND1,093.5 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 / 489.473) / (0 / 447.065)
=0 / 0
=1

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)
=(447.065 / 447.065) / (489.473 / 489.473)
=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 + 396.732) / 10243.059) / (1 - (0 + 269.406) / 9409.804)
=0.961268 / 0.97137
=0.9896

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
=489.473 / 447.065
=1.0949

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))
=(9.947 / (9.947 + 269.406)) / (9.863 / (9.863 + 396.732))
=0.035607 / 0.024258
=1.4678

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)
=(45.651 / 489.473) / (46.524 / 447.065)
=0.093266 / 0.104065
=0.8962

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)
=((914.816 + 0) / 10243.059) / ((1093.483 + 0) / 9409.804)
=0.089311 / 0.116207
=0.7686

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
=(152.578 - 0 - 48.031) / 10243.059
=0.010207

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.

Amen Bank has a M-score of -2.20 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?
Amen Bank (XTUN:AB) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amen Bank and its competitors.
Is Amen Bank's Beneish M-Score too high?
Amen Bank's current Beneish M-Score is 0.00. Overall, Amen Bank has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Amen Bank's Beneish M-Score compare to USB and PNC?
Amen Bank's Beneish M-Score of 0.00 can be compared against companies in the Banks 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Amen Bank and its competitors. Amen Bank'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 Amen Bank stock overvalued right now?
Amen Bank (XTUN:AB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Amen Bank's overall GF Score™ is 26/100. 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 Amen Bank (XTUN:AB), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Amen Bank Business Description

Address Avenue Mohamed V, Tunis, TUN, 1002
Amen Bank SA provides banking services. It provides consulting and wealth management-related assistance, financial management, fund management, and advisory services to individuals and businesses.
26GF Score

Get the complete analysis for XTUN:AB

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

TND67.00
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