Affa FoodOGMUS:SPFI -0.13%73 Beneish M-Score is -2.56 as of Jul. 01, 2026. GuruFocus rates MUS:SPFI with a GF Score™ of 73/100 and a GF Value™ of ر.ع0.38 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,847 Consumer Packaged Goods companies, Affa FoodOG ranks better than 53.17% 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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Affa FoodOG's Beneish M-Score or its related term are showing as below:
MUS:SPFI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.6 Med: -2.54 Max: -1.97
Current: -2.56
During the past 13 years, the highest Beneish M-Score of Affa FoodOG was -1.97. The lowest was -3.60. And the median was -2.54.
Affa FoodOG Beneish M-Score Related Terms
Affa FoodOG Beneish M-Score Historical Data
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The historical data trend for Affa FoodOG'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.
MUS:SPFI vs KHC, GIS, HRL: Beneish M-Score Comparison
For the Packaged Foods subindustry, Affa FoodOG'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.
Affa FoodOG Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Affa FoodOG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Affa FoodOG'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 Affa FoodOG 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 * 1.1026
+
0.528 * 0.848
+
0.404 * 1.0974
+
0.892 * 0.9061
+
0.115 * 0.997
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0302
+
4.679 * -0.012364
-
0.327 * 0.9567
=
-2.56
* 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))
=
(3.866 / (3.866 + 63.429))
/
(3.91 / (3.91 + 63.947))
=
0.057449
/
0.057621
=
0.997
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
=
(6.855 - 0
-
8.209)
/
109.509
=
-0.012364
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.
Affa FoodOG has a M-score of -2.56 suggests that the company is unlikely to be a manipulator.
Affa FoodOG (MUS:SPFI) has a Beneish M-Score of -2.56 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Affa FoodOG and its competitors. According to the industry distribution chart, Affa FoodOG ranks #865 out of 1847 companies in the Consumer Packaged Goods industry, placing it in the top 46.8%.
Is Affa FoodOG's Beneish M-Score too high?
Affa FoodOG's current Beneish M-Score is -2.56. Based on the distribution chart, Affa FoodOG ranks #865 out of 1847 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Affa FoodOG has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Affa FoodOG's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Affa FoodOG ranks #865 out of 1847 companies for Beneish M-Score. This puts Affa FoodOG in the upper 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 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 Affa FoodOG and its competitors. Affa FoodOG's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Affa FoodOG stock overvalued right now?
Based on GuruFocus' analysis, Affa FoodOG (MUS:SPFI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.38, compared to a current price of ر.ع0.78 — trading 104.5% above its estimated fair value. The current Beneish M-Score is -2.56. Affa FoodOG's overall GF Score™ is 73/100 with 2 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 Affa FoodOG (MUS:SPFI), the current Beneish M-Score is -2.56 as of Jul. 01, 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 Affa FoodOG (MUS:SPFI) Overvalued in 2026?
Based on GuruFocus' analysis, Affa FoodOG stock appears to be overvalued.
The current stock price of ر.ع0.78 is trading 104.5% above its estimated GF Value™ of ر.ع0.38.
GuruFocus considers Affa FoodOG to be Significantly Overvalued.
Key valuation signals for MUS:SPFI:
Beneish M-Score: -2.56
GF Value™: ر.ع0.38 vs. price of ر.ع0.78 (104.5% above fair value)
No single metric tells the full story. See the MUS:SPFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A Saffa Food SAOG is an Oman-based company engaged in the manufacturing and distribution of poultry meat. In addition, the company, through its subsidiaries is also involved in the manufacturing and distribution of meat, vegetables and fish products. The products offered by the group include frozen chicken, vegetables, seafood range, fruits and fruit pulps, natural and mineral water, and other related products. The company operates in Oman, and international countries, of which the majority of the revenue is generated within Oman.
73GF Score
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