Ready Mix Concrete and Construction Supplies (AMM:RMCC) Beneish M-Score: -2.34 (As of Jun. 26, 2026)


AMM:RMCC Ready Mix Concrete and Construction Supplies AMM:RMCC
66 GF Score
Price JOD1.30
GF Value JOD0.99
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ready Mix Concrete and Construction Supplies Beneish M-Score?

Ready Mix Concrete and Construction Supplies AMM:RMCC -1.52% 66 Beneish M-Score is -2.34 as of Jun. 26, 2026. GuruFocus rates AMM:RMCC with a GF Score™ of 66/100 and a GF Value™ of JOD0.99 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 389 Building Materials companies, Ready Mix Concrete and Construction Supplies ranks worse than 71.21% on this metric.

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 -2.34 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Ready Mix Concrete and Construction Supplies's Beneish M-Score or its related term are showing as below:

AMM:RMCC' s Beneish M-Score Range Over the Past 10 Years
Min: -4.5   Med: -2.47   Max: 37.42
Current: -2.34

During the past 13 years, the highest Beneish M-Score of Ready Mix Concrete and Construction Supplies was 37.42. The lowest was -4.50. And the median was -2.47.


Ready Mix Concrete and Construction Supplies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ready Mix Concrete and Construction Supplies's Beneish M-Score 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.

Ready Mix Concrete and Construction Supplies Beneish M-Score Chart

Ready Mix Concrete and Construction Supplies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.09 -3.45 -2.51 -2.35 -1.90

Ready Mix Concrete and Construction Supplies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score 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 -2.09 -1.88 -1.96 -1.90 -2.34

AMM:RMCC vs CRH, VMC, MLM: Beneish M-Score Comparison

For the Building Materials subindustry, Ready Mix Concrete and Construction Supplies'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.


Ready Mix Concrete and Construction Supplies Beneish M-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ready Mix Concrete and Construction Supplies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Ready Mix Concrete and Construction Supplies's Beneish M-Score falls into.


AMM:RMCC
66GF Score
Ready Mix Concrete and Construction Supplies AMM:RMCC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ready Mix Concrete and Construction Supplies 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 Ready Mix Concrete and Construction Supplies 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 * 1.067+0.528 * 0.8993+0.404 * 1.0421+0.892 * 0.9224+0.115 * 1.1077
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.935+4.679 * 0.034436-0.327 * 0.9923
=-2.34

* 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 JOD16.11 Mil.
Revenue was 10.217 + 13.126 + 16.29 + 13.108 = JOD52.74 Mil.
Gross Profit was 1.192 + 2.205 + 1.775 + 1.418 = JOD6.59 Mil.
Total Current Assets was JOD25.43 Mil.
Total Assets was JOD68.94 Mil.
Property, Plant and Equipment(Net PPE) was JOD15.31 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD1.82 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.55 Mil.
Total Current Liabilities was JOD28.09 Mil.
Long-Term Debt & Capital Lease Obligation was JOD1.39 Mil.
Net Income was 0.46 + 1.092 + 0.959 + 0.995 = JOD3.51 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = JOD0.00 Mil.
Cash Flow from Operations was -0.429 + -0.211 + 0.711 + 1.061 = JOD1.13 Mil.
Total Receivables was JOD16.37 Mil.
Revenue was 11.18 + 17.212 + 17.464 + 11.325 = JOD57.18 Mil.
Gross Profit was 1.217 + 1.267 + 2.137 + 1.804 = JOD6.43 Mil.
Total Current Assets was JOD20.77 Mil.
Total Assets was JOD62.68 Mil.
Property, Plant and Equipment(Net PPE) was JOD17.31 Mil.
Depreciation, Depletion and Amortization(DDA) was JOD2.31 Mil.
Selling, General, & Admin. Expense(SGA) was JOD0.64 Mil.
Total Current Liabilities was JOD24.81 Mil.
Long-Term Debt & Capital Lease Obligation was JOD2.20 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)
=(16.107 / 52.741) / (16.367 / 57.181)
=0.305398 / 0.286231
=1.067

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)
=(6.425 / 57.181) / (6.59 / 52.741)
=0.112362 / 0.12495
=0.8993

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 - (25.425 + 15.311) / 68.94) / (1 - (20.767 + 17.309) / 62.684)
=0.409109 / 0.392572
=1.0421

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
=52.741 / 57.181
=0.9224

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))
=(2.31 / (2.31 + 17.309)) / (1.821 / (1.821 + 15.311))
=0.117743 / 0.106292
=1.1077

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)
=(0.552 / 52.741) / (0.64 / 57.181)
=0.010466 / 0.011193
=0.935

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)
=((1.391 + 28.092) / 68.94) / ((2.202 + 24.813) / 62.684)
=0.427662 / 0.430971
=0.9923

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
=(3.506 - 0 - 1.132) / 68.94
=0.034436

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.

Ready Mix Concrete and Construction Supplies has a M-score of -2.34 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 -2.34 mean?
Ready Mix Concrete and Construction Supplies (AMM:RMCC) has a Beneish M-Score of -2.34 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ready Mix Concrete and Construction Supplies and its competitors. According to the industry distribution chart, Ready Mix Concrete and Construction Supplies ranks #277 out of 389 companies in the Building Materials industry, placing it in the top 71.2%.
Is Ready Mix Concrete and Construction Supplies' Beneish M-Score too high?
Ready Mix Concrete and Construction Supplies' current Beneish M-Score is -2.34. Based on the distribution chart, Ready Mix Concrete and Construction Supplies ranks #277 out of 389 companies in the Building Materials industry, which is below the industry midpoint. Overall, Ready Mix Concrete and Construction Supplies has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ready Mix Concrete and Construction Supplies' Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ready Mix Concrete and Construction Supplies ranks #277 out of 389 companies for Beneish M-Score. This places Ready Mix Concrete and Construction Supplies 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Ready Mix Concrete and Construction Supplies and its competitors. Ready Mix Concrete and Construction Supplies's current Beneish M-Score is -2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ready Mix Concrete and Construction Supplies stock overvalued right now?
Based on GuruFocus' analysis, Ready Mix Concrete and Construction Supplies (AMM:RMCC) is currently considered Significantly Overvalued. The stock's GF Value™ is JOD0.99, compared to a current price of JOD1.30 — trading 31.3% above its estimated fair value. The current Beneish M-Score is -2.34. Ready Mix Concrete and Construction Supplies' overall GF Score™ is 66/100 with 7 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 Ready Mix Concrete and Construction Supplies (AMM:RMCC), the current Beneish M-Score is -2.34 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.

Is Ready Mix Concrete and Construction Supplies (AMM:RMCC) Overvalued in 2026?

Based on GuruFocus' analysis, Ready Mix Concrete and Construction Supplies stock appears to be overvalued. The current stock price of JOD1.30 is trading 31.3% above its estimated GF Value™ of JOD0.99. GuruFocus considers Ready Mix Concrete and Construction Supplies to be Significantly Overvalued.

Key valuation signals for AMM:RMCC:

  • Beneish M-Score: -2.34
  • GF Value™: JOD0.99 vs. price of JOD1.30 (31.3% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Ready Mix Concrete and Construction Supplies Business Description

Address P.O. Box 851602, Albayader Branch, Amman, JOR, 11185
Ready Mix Concrete and Construction Supplies are engaged in supplying ready-mix concrete to the construction industry. The company's projects profile includes Commercial, Educational, Governmental, Industrial, Infrastructure, Medical, Private, Public, and Residential. It is dedicated to evolve the concrete industry by developing its products in both range and quality. The products of the company are: Stamped concrete, Exposed concrete, Polished concrete, Troweled concrete, Foam concrete, Screed, and Steel-fiber reinforced concrete.
66GF Score

Get the complete analysis for AMM:RMCC

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

JOD1.30
Price
JOD0.99
GF Value