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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 -2.15 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Al Yamamah Steel Industries Co's Beneish M-Score or its related term are showing as below:
SAU:1304'
s Beneish M-Score Range Over the Past 10 Years
Min: -29.47 Med: -2.72 Max: 29.55
Current: -2.15
During the past 11 years, the highest Beneish M-Score of Al Yamamah Steel Industries Co was 29.55. The lowest was -29.47. And the median was -2.72.
* 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.
Al Yamamah Steel Industries Co Beneish M-Score Chart
SAU:1304 vs NUE, STLD, RS: Beneish M-Score Comparison
For the Steel subindustry, Al Yamamah Steel Industries 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.
Al Yamamah Steel Industries Co Beneish M-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Al Yamamah Steel Industries Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Al Yamamah Steel Industries Co's Beneish M-Score falls into.
Al Yamamah Steel Industries 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 Al Yamamah Steel Industries 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 * 1.1377
+
0.528 * 0.6566
+
0.404 * 0.9149
+
0.892 * 1.0435
+
0.115 * 0.9967
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9851
+
4.679 * 0.082508
-
0.327 * 1.0263
=
-2.15
* 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))
=
(47.803 / (47.803 + 602.654))
/
(50.364 / (50.364 + 632.682))
=
0.073491
/
0.073734
=
0.9967
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
=
(119.241 - 0
-
-64.107)
/
2222.186
=
0.082508
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.
Al Yamamah Steel Industries Co has a M-score of -2.15 suggests that the company is unlikely to be a manipulator.
Al Yamamah Steel Industries Co (SAU:1304) has a Beneish M-Score of -2.15 as of Aug. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Al Yamamah Steel Industries Co and its competitors. According to the industry distribution chart, Al Yamamah Steel Industries Co ranks #405 out of 590 companies in the Steel industry, placing it in the top 68.6%.
Is Al Yamamah Steel Industries Co's Beneish M-Score too high?
Al Yamamah Steel Industries Co's current Beneish M-Score is -2.15. Based on the distribution chart, Al Yamamah Steel Industries Co ranks #405 out of 590 companies in the Steel industry, which is below the industry midpoint. Overall, Al Yamamah Steel Industries Co has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Al Yamamah Steel Industries Co's Beneish M-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Al Yamamah Steel Industries Co ranks #405 out of 590 companies for Beneish M-Score. This places Al Yamamah Steel Industries 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 Steel company?
A good Beneish M-Score depends on the Steel 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 Al Yamamah Steel Industries Co and its competitors. Al Yamamah Steel Industries Co's current Beneish M-Score is -2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Yamamah Steel Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Al Yamamah Steel Industries Co (SAU:1304) is currently considered Fairly Valued. The stock's GF Value™ is ﷼36.14, compared to a current price of ﷼37.34 — trading 3.3% above its estimated fair value. The current Beneish M-Score is -2.15. Al Yamamah Steel Industries Co's overall GF Score™ is 62/100 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 Al Yamamah Steel Industries Co (SAU:1304), the current Beneish M-Score is -2.15 as of Aug. 14, 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 Al Yamamah Steel Industries Co (SAU:1304) Overvalued in 2026?
Based on GuruFocus' analysis, Al Yamamah Steel Industries Co stock appears to be overvalued.
The current stock price of ﷼37.34 is trading 3.3% above its estimated GF Value™ of ﷼36.14.
GuruFocus considers Al Yamamah Steel Industries Co to be Fairly Valued.
Key valuation signals for SAU:1304:
Beneish M-Score: -2.15
GF Value™: ﷼36.14 vs. price of ﷼37.34 (3.3% above fair value)
No single metric tells the full story. See the SAU:1304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Yamamah Steel Industries Co is a manufacturer of tubes, pipes and hollow shapes from iron, metal structures and their parts for bridges and towers, poles and their parts, including poles, lighting cabins, traffic lights, etc. and installation of prefabricated steel structures for industrial facilities. The company produces and sells steel welded tubes, steel sheets, steel reinforcement bars, and three-dimension space structures. The company's operating segments include Construction, Electricity and Renewable Energy. It generates maximum revenue from the Construction segment.The company has production facilities at Jeddah, Dammam and Yanbu.
62GF Score
Get the complete analysis for SAU:1304
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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