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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 -2.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Saudi Arabian Mining Co's Beneish M-Score or its related term are showing as below:
SAU:1211'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.01 Med: -2.39 Max: -1.83
Current: -2.14
During the past 13 years, the highest Beneish M-Score of Saudi Arabian Mining Co was -1.83. The lowest was -3.01. And the median was -2.39.
* 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.
Saudi Arabian Mining Co Beneish M-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Saudi Arabian Mining Co'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.
Saudi Arabian Mining Co Beneish M-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Saudi Arabian Mining Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Saudi Arabian Mining Co's Beneish M-Score falls into.
Saudi Arabian Mining Co 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 Arabian Mining Co 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 * 1.3754
+
0.528 * 0.8745
+
0.404 * 0.984
+
0.892 * 1.1234
+
0.115 * 1.0257
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9586
+
4.679 * -0.014006
-
0.327 * 0.9646
=
-2.14
* 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))
=
(4502.229 / (4502.229 + 78330.983))
/
(4664.401 / (4664.401 + 83354.525))
=
0.054353
/
0.052993
=
1.0257
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
=
(7687.163 - 0
-
9447.995)
/
125720.012
=
-0.014006
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.
Saudi Arabian Mining Co has a M-score of -2.14 suggests that the company is unlikely to be a manipulator.
Saudi Arabian Mining Co (SAU:1211) has a Beneish M-Score of -2.14 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Saudi Arabian Mining Co and its competitors. According to the industry distribution chart, Saudi Arabian Mining Co ranks #376 out of 678 companies in the Metals & Mining industry, placing it in the top 55.5%.
Is Saudi Arabian Mining Co's Beneish M-Score too high?
Saudi Arabian Mining Co's current Beneish M-Score is -2.14. Based on the distribution chart, Saudi Arabian Mining Co ranks #376 out of 678 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Saudi Arabian Mining Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saudi Arabian Mining Co's Beneish M-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Saudi Arabian Mining Co ranks #376 out of 678 companies for Beneish M-Score. This places Saudi Arabian Mining Co 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Arabian Mining Co and its competitors. Saudi Arabian Mining Co's current Beneish M-Score is -2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Arabian Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Saudi Arabian Mining Co (SAU:1211) is currently considered Fairly Valued. The stock's GF Value™ is ﷼61.47, compared to a current price of ﷼64.45 — trading 4.8% above its estimated fair value. The current Beneish M-Score is -2.14. Saudi Arabian Mining Co's overall GF Score™ is 88/100 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 Arabian Mining Co (SAU:1211), the current Beneish M-Score is -2.14 as of Aug. 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 Saudi Arabian Mining Co (SAU:1211) Overvalued in 2026?
Based on GuruFocus' analysis, Saudi Arabian Mining Co stock appears to be overvalued.
The current stock price of ﷼64.45 is trading 4.8% above its estimated GF Value™ of ﷼61.47.
GuruFocus considers Saudi Arabian Mining Co to be Fairly Valued.
Key valuation signals for SAU:1211:
Beneish M-Score: -2.14
GF Value™: ﷼61.47 vs. price of ﷼64.45 (4.8% above fair value)
No single metric tells the full story. See the SAU:1211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saudi Arabian Mining Co, along with its subsidiaries, is involved in the development of mineral resources in Saudi Arabia. Its activities include the mining of gold, phosphate rock, bauxite, low-grade bauxite, kaolin, and magnesite. It carries out its mining activities at Mahd Ad-Dahab, Bulghah, Al-Amar, Sukhaybarat, As Suq, Ad Duwayhi, Al-Jalamid, Al-Khabra, Az Zabirah, Al-Ghazallah, and Al-Ba'itha mines. It operates through various segments such as phosphate, aluminum, precious & Base Metals and New Minerals, and All other. Its geographical segments are Europe, Spain, the Indian Subcontinent and others.
88GF Score
Get the complete analysis for SAU:1211
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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