Saudi Steel Pipe Co (SAU:1320) Construction In Progress: ﷼11 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SAU:1320 Saudi Steel Pipe Co SAU:1320
87 GF Score
Price ﷼47.90
GF Value ﷼51.56
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Saudi Steel Pipe Co Construction In Progress?

Saudi Steel Pipe Co SAU:1320 -2.14% 87 Construction In Progress is ﷼11 Mil as of Mar. 2026. GuruFocus rates SAU:1320 with a GF Score™ of 87/100 and a GF Value™ of ﷼51.56 (Fairly Valued). The stock has 4 warning signs investors should review.

Saudi Steel Pipe Co's quarterly construction in progress increased from Sep. 2025 (﷼1 Mil) to Dec. 2025 (﷼4 Mil) and increased from Dec. 2025 (﷼4 Mil) to Mar. 2026 (﷼11 Mil).

Saudi Steel Pipe Co's annual construction in progress declined from Dec. 2023 (﷼235 Mil) to Dec. 2024 (﷼2 Mil) but then increased from Dec. 2024 (﷼2 Mil) to Dec. 2025 (﷼4 Mil).

Saudi Steel Pipe Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Saudi Steel Pipe Co's Construction In Progress can be seen below:

* 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.

Saudi Steel Pipe Co Construction In Progress Chart

Saudi Steel Pipe Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.00 235.05 2.21 3.95

Saudi Steel Pipe Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.06 1.32 1.27 3.95 11.17
SAU:1320
87GF Score
Saudi Steel Pipe Co SAU:1320
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saudi Steel Pipe Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ﷼11 Mil mean?
Saudi Steel Pipe Co (SAU:1320) has a Construction In Progress of ﷼11 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Saudi Steel Pipe Co and its competitors.
Is Saudi Steel Pipe Co's Construction In Progress too high?
Saudi Steel Pipe Co's current Construction In Progress is ﷼11 Mil. Overall, Saudi Steel Pipe Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saudi Steel Pipe Co's Construction In Progress compare to NUE and STLD?
Saudi Steel Pipe Co's Construction In Progress of ﷼11 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Steel company?
A good Construction In Progress depends on the Steel industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Saudi Steel Pipe Co and its competitors. Saudi Steel Pipe Co's current Construction In Progress is ﷼11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Steel Pipe Co stock overvalued right now?
Based on GuruFocus' analysis, Saudi Steel Pipe Co (SAU:1320) is currently considered Fairly Valued. The stock's GF Value™ is ﷼51.56, compared to a current price of ﷼47.90 — trading 7.1% below its estimated fair value. The current Construction In Progress is ﷼11 Mil. Saudi Steel Pipe Co's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Saudi Steel Pipe Co (SAU:1320), the current Construction In Progress is ﷼11 Mil as of Mar. 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 Saudi Steel Pipe Co (SAU:1320) Overvalued in 2026?

Based on GuruFocus' analysis, Saudi Steel Pipe Co stock appears to be undervalued. The current stock price of ﷼47.90 is trading 7.1% below its estimated GF Value™ of ﷼51.56. GuruFocus considers Saudi Steel Pipe Co to be Fairly Valued.

Key valuation signals for SAU:1320:

  • Construction In Progress: ﷼11 Mil
  • GF Value™: ﷼51.56 vs. price of ﷼47.90 (7.1% below fair value)
  • GF Score™: 87/100 with 4 warning signs

No single metric tells the full story. See the SAU:1320 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Saudi Steel Pipe Co Business Description

Address P.O.Box 11680, Dammam, SAU, 31463
Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in single segment, being the Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. The company has a market presence in two segments namely Saudi Arabia and Other countries with the majority of the revenue generated from Saudi Arabia.
87GF Score

Get the complete analysis for SAU:1320

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼47.90
Price
﷼51.56
GF Value