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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 -2.21 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Lecico EgyptE's Beneish M-Score or its related term are showing as below:
CAI:LCSW'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.57 Med: -2.31 Max: 1.14
Current: -2.21
During the past 13 years, the highest Beneish M-Score of Lecico EgyptE was 1.14. The lowest was -3.57. And the median was -2.31.
Lecico EgyptE Beneish M-Score Related Terms
Lecico EgyptE Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Lecico EgyptE'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.
CAI:LCSW vs TT, JCI, CARR: Beneish M-Score Comparison
For the Building Products & Equipment subindustry, Lecico EgyptE'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.
Lecico EgyptE Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Lecico EgyptE's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lecico EgyptE's Beneish M-Score falls into.
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 Lecico EgyptE 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 * 0.9668
+
0.528 * 1.2508
+
0.404 * 0.8035
+
0.892 * 1.1617
+
0.115 * 0.8287
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.051
+
4.679 * 0.035793
-
0.327 * 1.1
=
-2.21
* 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))
=
(196.654 / (196.654 + 3507.11))
/
(252.246 / (252.246 + 3684.8))
=
0.053096
/
0.06407
=
0.8287
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
=
(152.139 - 0
-
-180.035)
/
9280.394
=
0.035793
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.
Lecico EgyptE has a M-score of -2.21 suggests that the company is unlikely to be a manipulator.
Lecico EgyptE (CAI:LCSW) has a Beneish M-Score of -2.21 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lecico EgyptE and its competitors. According to the industry distribution chart, Lecico EgyptE ranks #1156 out of 1699 companies in the Construction industry, placing it in the top 68%.
Is Lecico EgyptE's Beneish M-Score too high?
Lecico EgyptE's current Beneish M-Score is -2.21. Based on the distribution chart, Lecico EgyptE ranks #1156 out of 1699 companies in the Construction industry, which is below the industry midpoint. Overall, Lecico EgyptE has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lecico EgyptE's Beneish M-Score compare to TT and JCI?
According to the Construction industry distribution chart, Lecico EgyptE ranks #1156 out of 1699 companies for Beneish M-Score. This places Lecico EgyptE 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Lecico EgyptE and its competitors. Lecico EgyptE's current Beneish M-Score is -2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lecico EgyptE stock overvalued right now?
Based on GuruFocus' analysis, Lecico EgyptE (CAI:LCSW) is currently considered Fairly Valued. The stock's GF Value™ is E£32.31, compared to a current price of E£35.00 — trading 8.3% above its estimated fair value. The current Beneish M-Score is -2.21. Lecico EgyptE's overall GF Score™ is 78/100 with 8 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 Lecico EgyptE (CAI:LCSW), the current Beneish M-Score is -2.21 as of Jul. 21, 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 Lecico EgyptE (CAI:LCSW) Overvalued in 2026?
Based on GuruFocus' analysis, Lecico EgyptE stock appears to be overvalued.
The current stock price of E£35.00 is trading 8.3% above its estimated GF Value™ of E£32.31.
GuruFocus considers Lecico EgyptE to be Fairly Valued.
Key valuation signals for CAI:LCSW:
Beneish M-Score: -2.21
GF Value™: E£32.31 vs. price of E£35.00 (8.3% above fair value)
No single metric tells the full story. See the CAI:LCSW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lecico Egypt SAE is engaged in the production of sanitary ware, tiles, and Brassware. Its products include suites, toilets, washbasins, bidets, and urinals. The company manufactures a range of internationally certified sanitary ware products sold both under the Lecico brand and for other manufacturers and customers under their brands. It also produces a wide range of ceramic wall and floor tiles that are sold principally in Egypt and Lebanon and also exports its products to regions like the Middle East, Europe, Germany, and others. The reportable segments of the company are; Sanitary ware which derives key revenue, the Tile segment, and the Brassware segment. Geographically, it operates in Egypt, Lebanon and Others.
78GF Score
Get the complete analysis for CAI:LCSW
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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