Saudi Investment Bank (SAU:1030) Beneish M-Score: 0.00 (As of Jun. 29, 2026)


SAU:1030 Saudi Investment Bank SAU:1030
82 GF Score
Price ﷼13.17
GF Value ﷼15.45
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Saudi Investment Bank Beneish M-Score?

Saudi Investment Bank SAU:1030 -1.72% 82 Beneish M-Score is 0.00 as of Jun. 29, 2026. GuruFocus rates SAU:1030 with a GF Score™ of 82/100 and a GF Value™ of ﷼15.45 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,399 Banks companies, Saudi Investment Bank ranks worse than 71479.56% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

The historical rank and industry rank for Saudi Investment Bank's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Saudi Investment Bank was -1.81. The lowest was -7.71. And the median was -2.42.

SAU:1030
82GF Score
Saudi Investment Bank SAU:1030
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saudi Investment Bank 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 Saudi Investment Bank 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 ﷼0 Mil.
Revenue was 1056.574 + 1612.343 + 1045.974 + 1069.848 = ﷼4,785 Mil.
Gross Profit was 1056.574 + 1612.343 + 1045.974 + 1069.848 = ﷼4,785 Mil.
Total Current Assets was ﷼0 Mil.
Total Assets was ﷼180,284 Mil.
Property, Plant and Equipment(Net PPE) was ﷼1,225 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼182 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼610 Mil.
Total Current Liabilities was ﷼0 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼3,358 Mil.
Net Income was 519.559 + 897.297 + 518.408 + 512.456 = ﷼2,448 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ﷼0 Mil.
Cash Flow from Operations was 3130.999 + -3348.728 + 2237.358 + -425.179 = ﷼1,594 Mil.
 Total Receivables was ﷼0 Mil.
Revenue was 1050.318 + 1068.332 + 1077.887 + 1022.524 = ﷼4,219 Mil.
Gross Profit was 1050.318 + 1068.332 + 1077.887 + 1022.524 = ﷼4,219 Mil.
Total Current Assets was ﷼0 Mil.
Total Assets was ﷼163,799 Mil.
Property, Plant and Equipment(Net PPE) was ﷼1,250 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼181 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼654 Mil.
Total Current Liabilities was ﷼0 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼0 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)
=(0 / 4784.739) / (0 / 4219.061)
=0 / 0
=

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)
=(4219.061 / 4219.061) / (4784.739 / 4784.739)
=1 / 1
=

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 - (0 + 1225.159) / 180284.437) / (1 - (0 + 1249.502) / 163799.108)
=0.993204 / 0.992372
=

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
=4784.739 / 4219.061
=

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))
=(180.865 / (180.865 + 1249.502)) / (181.948 / (181.948 + 1225.159))
=0.126447 / 0.129306
=

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)
=(609.955 / 4784.739) / (653.947 / 4219.061)
=0.127479 / 0.154998
=

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)
=((3357.558 + 0) / 180284.437) / ((0 + 0) / 163799.108)
=0.018624 / 0
=

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
=(2447.72 - 0 - 1594.45) / 180284.437
=0.004733

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Saudi Investment Bank (SAU:1030) has a Beneish M-Score of 0.00 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Saudi Investment Bank and its competitors. According to the industry distribution chart, Saudi Investment Bank ranks #999999 out of 1399 companies in the Banks industry.
Is Saudi Investment Bank's Beneish M-Score too high?
Saudi Investment Bank's current Beneish M-Score is 0.00. Based on the distribution chart, Saudi Investment Bank ranks #999999 out of 1399 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Saudi Investment Bank has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saudi Investment Bank's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Saudi Investment Bank ranks #999999 out of 1399 companies for Beneish M-Score. This places Saudi Investment Bank 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Saudi Investment Bank and its competitors. Saudi Investment Bank's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Investment Bank stock overvalued right now?
Based on GuruFocus' analysis, Saudi Investment Bank (SAU:1030) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼15.45, compared to a current price of ﷼13.17 — trading 14.8% below its estimated fair value. The current Beneish M-Score is 0.00. Saudi Investment Bank's overall GF Score™ is 82/100 with 3 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 Saudi Investment Bank (SAU:1030), the current Beneish M-Score is 0.00 as of Jun. 29, 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 Saudi Investment Bank (SAU:1030) Overvalued in 2026?

Based on GuruFocus' analysis, Saudi Investment Bank stock appears to be undervalued. The current stock price of ﷼13.17 is trading 14.8% below its estimated GF Value™ of ﷼15.45. GuruFocus considers Saudi Investment Bank to be Modestly Undervalued.

Key valuation signals for SAU:1030:

  • Beneish M-Score: 0.00
  • GF Value™: ﷼15.45 vs. price of ﷼13.17 (14.8% below fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the SAU:1030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Saudi Investment Bank Business Description

Address P.O.Box 3533, Riyadh, SAU, 11481
Saudi Investment Bank provides wholesale, retail, and commercial banking products and services throughout the Kingdom of Saudi Arabia. It operates through retail banking, corporate banking, treasury and investments, asset management, brokerage, and other segments. Business activity of the bank includes offering loans and other credit products for individuals, corporations, and small to medium-sized businesses. In addition, it also provides a money market, investments, and other treasury services.
82GF Score

Get the complete analysis for SAU:1030

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

﷼13.17
Price
﷼15.45
GF Value