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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 -2.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for The National Detergent CoOG's Beneish M-Score or its related term are showing as below:
MUS:NDTI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.42 Med: -3.18 Max: -2.94
Current: -2.94
During the past 13 years, the highest Beneish M-Score of The National Detergent CoOG was -2.94. The lowest was -3.42. And the median was -3.18.
The National Detergent CoOG Beneish M-Score Related Terms
The National Detergent CoOG Beneish M-Score Historical Data
* 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.
MUS:NDTI vs PG, CL, KVUE: Beneish M-Score Comparison
For the Household & Personal Products subindustry, The National Detergent CoOG'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.
The National Detergent CoOG Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The National Detergent CoOG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where The National Detergent CoOG's Beneish M-Score falls into.
The National Detergent CoOG 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 The National Detergent CoOG 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 * 1.0586
+
0.528 * 1.0752
+
0.404 * 0
+
0.892 * 0.9895
+
0.115 * 0.8873
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0822
+
4.679 * -0.022952
-
0.327 * 1.0259
=
-2.94
* 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))
=
(0.815 / (0.815 + 19.702))
/
(0.937 / (0.937 + 19.992))
=
0.039723
/
0.04477
=
0.8873
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
=
(0.424 - 0
-
1.168)
/
32.416
=
-0.022952
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 National Detergent CoOG has a M-score of -2.94 suggests that the company is unlikely to be a manipulator.
The National Detergent CoOG (MUS:NDTI) has a Beneish M-Score of -2.94 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The National Detergent CoOG and its competitors. According to the industry distribution chart, The National Detergent CoOG ranks #357 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 19.3%.
Is The National Detergent CoOG's Beneish M-Score too high?
The National Detergent CoOG's current Beneish M-Score is -2.94. Based on the distribution chart, The National Detergent CoOG ranks #357 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, The National Detergent CoOG has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The National Detergent CoOG's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, The National Detergent CoOG ranks #357 out of 1849 companies for Beneish M-Score. This places The National Detergent CoOG in the top 19% of its industry — outperforming the majority of peers. 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 The National Detergent CoOG and its competitors. The National Detergent CoOG's current Beneish M-Score is -2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The National Detergent CoOG stock overvalued right now?
Based on GuruFocus' analysis, The National Detergent CoOG (MUS:NDTI) is currently considered Fairly Valued. The stock's GF Value™ is ر.ع0.72, compared to a current price of ر.ع0.69 — trading 4.2% below its estimated fair value. The current Beneish M-Score is -2.94. The National Detergent CoOG's overall GF Score™ is 44/100 with 10 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 The National Detergent CoOG (MUS:NDTI), the current Beneish M-Score is -2.94 as of Jul. 15, 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 The National Detergent CoOG (MUS:NDTI) Overvalued in 2026?
Based on GuruFocus' analysis, The National Detergent CoOG stock appears to be undervalued.
The current stock price of ر.ع0.69 is trading 4.2% below its estimated GF Value™ of ر.ع0.72.
GuruFocus considers The National Detergent CoOG to be Fairly Valued.
Key valuation signals for MUS:NDTI:
Beneish M-Score: -2.94
GF Value™: ر.ع0.72 vs. price of ر.ع0.69 (4.2% below fair value)
No single metric tells the full story. See the MUS:NDTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The National Detergent Co SAOG operates in the cleaning care solutions industry and manufactures and distributes detergent powders, liquid detergents, toilet soaps, shampoos, and other industrial cleaners. Its reportable operating segments are: Consumer division, which is engaged in the manufacture, marketing, and distribution of detergent powders, liquid detergents, hand wash liquids, toilet soaps, and fabric care; and Other business division, which is engaged in the manufacturing of aqua petrochemicals and sulphonic acid, a surface active agent used in the detergent. The majority of the company's revenue is generated from its Consumer division. Geographically, it generates maximum revenue from its domestic market and also exports products to other countries.
44GF Score
Get the complete analysis for MUS:NDTI
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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