Madinet Masr For Housing and Development (CAI:MASR) Beneish M-Score: -1.88 (As of Jun. 27, 2026)


CAI:MASR Madinet Masr For Housing and Development CAI:MASR
86 GF Score
Price E£7.01
GF Value E£6.25
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Madinet Masr For Housing and Development Beneish M-Score?

Madinet Masr For Housing and Development CAI:MASR -1.27% 86 Beneish M-Score is -1.88 as of Jun. 27, 2026. GuruFocus rates CAI:MASR with a GF Score™ of 86/100 and a GF Value™ of E£6.25 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,682 Real Estate companies, Madinet Masr For Housing and Development ranks worse than 71.52% 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 -1.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Madinet Masr For Housing and Development's Beneish M-Score or its related term are showing as below:

CAI:MASR' s Beneish M-Score Range Over the Past 10 Years
Min: -3.51   Med: -1.85   Max: 46.05
Current: -1.88

During the past 13 years, the highest Beneish M-Score of Madinet Masr For Housing and Development was 46.05. The lowest was -3.51. And the median was -1.85.

Madinet Masr For Housing and Development Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Madinet Masr For Housing and Development'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.

Madinet Masr For Housing and Development Beneish M-Score Chart

Madinet Masr For Housing and Development 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 -3.51 -0.73 -2.46 -1.79 -1.66

Madinet Masr For Housing and Development 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 -1.00 -2.09 -1.81 -1.66 -1.88

Madinet Masr For Housing and Development Beneish M-Score Competitor Comparison

For the Real Estate - Diversified subindustry, Madinet Masr For Housing and Development'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.

Madinet Masr For Housing and Development Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Madinet Masr For Housing and Development's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Madinet Masr For Housing and Development's Beneish M-Score falls into.


CAI:MASR
86GF Score
Madinet Masr For Housing and Development CAI:MASR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madinet Masr For Housing and Development 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 Madinet Masr For Housing and Development 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 * 0.7554+0.528 * 1.1115+0.404 * 0.9739+0.892 * 1.4972+0.115 * 1.5558
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8319+4.679 * 0.057321-0.327 * 1.0963
=-1.88

* 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 E£13,618 Mil.
Revenue was 2751.274 + 4331.71 + 2588.509 + 2227.008 = E£11,899 Mil.
Gross Profit was 1383.667 + 2136.122 + 1746.873 + 1467.415 = E£6,734 Mil.
Total Current Assets was E£39,919 Mil.
Total Assets was E£45,209 Mil.
Property, Plant and Equipment(Net PPE) was E£845 Mil.
Depreciation, Depletion and Amortization(DDA) was E£77 Mil.
Selling, General, & Admin. Expense(SGA) was E£2,126 Mil.
Total Current Liabilities was E£28,799 Mil.
Long-Term Debt & Capital Lease Obligation was E£2,976 Mil.
Net Income was 677.694 + 1260.937 + 1069.328 + 487.658 = E£3,496 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = E£0 Mil.
Cash Flow from Operations was 767.191 + -1320.714 + 1157.695 + 300.008 = E£904 Mil.
 Total Receivables was E£12,041 Mil.
Revenue was 2562.66 + 1007.172 + 2977.394 + 1399.854 = E£7,947 Mil.
Gross Profit was 1671.221 + 291.422 + 2084.974 + 951.531 = E£4,999 Mil.
Total Current Assets was E£26,696 Mil.
Total Assets was E£30,156 Mil.
Property, Plant and Equipment(Net PPE) was E£415 Mil.
Depreciation, Depletion and Amortization(DDA) was E£62 Mil.
Selling, General, & Admin. Expense(SGA) was E£1,707 Mil.
Total Current Liabilities was E£18,745 Mil.
Long-Term Debt & Capital Lease Obligation was E£588 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)
=(13617.805 / 11898.501) / (12041.182 / 7947.08)
=1.144498 / 1.515171
=0.7554

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)
=(4999.148 / 7947.08) / (6734.077 / 11898.501)
=0.629055 / 0.56596
=1.1115

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 - (39918.977 + 844.909) / 45208.884) / (1 - (26696.202 + 415.364) / 30156.052)
=0.098321 / 0.100958
=0.9739

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
=11898.501 / 7947.08
=1.4972

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))
=(61.862 / (61.862 + 415.364)) / (76.794 / (76.794 + 844.909))
=0.129628 / 0.083318
=1.5558

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)
=(2125.719 / 11898.501) / (1706.73 / 7947.08)
=0.178654 / 0.214762
=0.8319

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)
=((2975.776 + 28798.761) / 45208.884) / ((587.965 + 18745.172) / 30156.052)
=0.702838 / 0.641103
=1.0963

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
=(3495.617 - 0 - 904.18) / 45208.884
=0.057321

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.

Madinet Masr For Housing and Development has a M-score of -1.88 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 -1.88 mean?
Madinet Masr For Housing and Development (CAI:MASR) has a Beneish M-Score of -1.88 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Madinet Masr For Housing and Development and its competitors. According to the industry distribution chart, Madinet Masr For Housing and Development ranks #1203 out of 1682 companies in the Real Estate industry, placing it in the top 71.5%.
Is Madinet Masr For Housing and Development's Beneish M-Score too high?
Madinet Masr For Housing and Development's current Beneish M-Score is -1.88. Based on the distribution chart, Madinet Masr For Housing and Development ranks #1203 out of 1682 companies in the Real Estate industry, which is below the industry midpoint. Overall, Madinet Masr For Housing and Development has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Madinet Masr For Housing and Development's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Madinet Masr For Housing and Development ranks #1203 out of 1682 companies for Beneish M-Score. This places Madinet Masr For Housing and Development 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Madinet Masr For Housing and Development and its competitors. Madinet Masr For Housing and Development's current Beneish M-Score is -1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madinet Masr For Housing and Development stock overvalued right now?
Based on GuruFocus' analysis, Madinet Masr For Housing and Development (CAI:MASR) is currently considered Modestly Overvalued. The stock's GF Value™ is E£6.25, compared to a current price of E£7.01 — trading 12.2% above its estimated fair value. The current Beneish M-Score is -1.88. Madinet Masr For Housing and Development's overall GF Score™ is 86/100 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 Madinet Masr For Housing and Development (CAI:MASR), the current Beneish M-Score is -1.88 as of Jun. 27, 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 Madinet Masr For Housing and Development (CAI:MASR) Overvalued in 2026?

Based on GuruFocus' analysis, Madinet Masr For Housing and Development stock appears to be overvalued. The current stock price of E£7.01 is trading 12.2% above its estimated GF Value™ of E£6.25. GuruFocus considers Madinet Masr For Housing and Development to be Modestly Overvalued.

Key valuation signals for CAI:MASR:

  • Beneish M-Score: -1.88
  • GF Value™: E£6.25 vs. price of E£7.01 (12.2% above fair value)
  • GF Score™: 86/100 with 7 warning signs

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

Madinet Masr For Housing and Development Business Description

Address 4, Youssef Abbas Street, District 2, Nasr City, Cairo, EGY
Madinet Masr For Housing and Development is a real estate developer dedicated to building large-scale communities across Egypt. It is engaged in all activities related to real estate development for land, buildings and facilities including acquisition of land and real estate, sale and rental, dividing it and providing all types of facilities necessary for reconstruction and connected to it in Nasr City and other areas nationwide, the purchase and development, utilization, leasing and sale of all buildings and land. Revenue is generated from property sales, rentals, and project-related services.
86GF Score

Get the complete analysis for CAI:MASR

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

E£7.01
Price
E£6.25
GF Value