Almarai CoSAU:2280 -0.22%91 Beneish M-Score is -2.75 as of Jun. 29, 2026. GuruFocus rates SAU:2280 with a GF Score™ of 91/100 and a GF Value™ of ﷼62.36 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Almarai Co ranks better than 69.33% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Almarai Co's Beneish M-Score or its related term are showing as below:
SAU:2280'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.12 Med: -2.75 Max: -2.39
Current: -2.75
During the past 13 years, the highest Beneish M-Score of Almarai Co was -2.39. The lowest was -3.12. And the median was -2.75.
Almarai Co Beneish M-Score Related Terms
Almarai Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Almarai Co'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.
For the Packaged Foods subindustry, Almarai 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.
Almarai Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Almarai Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Almarai Co'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 Almarai 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 * 1.0652
+
0.528 * 1.0088
+
0.404 * 0.9784
+
0.892 * 1.055
+
0.115 * 1.0986
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0474
+
4.679 * -0.074976
-
0.327 * 1.0802
=
-2.75
* 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))
=
(2456.612 / (2456.612 + 24006.629))
/
(2502.143 / (2502.143 + 27108.669))
=
0.092831
/
0.084501
=
1.0986
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
=
(2457.121 - 0
-
5646.461)
/
42538.259
=
-0.074976
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.
Almarai Co has a M-score of -2.75 suggests that the company is unlikely to be a manipulator.
Almarai Co (SAU:2280) has a Beneish M-Score of -2.75 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Almarai Co and its competitors. According to the industry distribution chart, Almarai Co ranks #567 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 30.7%.
Is Almarai Co's Beneish M-Score too high?
Almarai Co's current Beneish M-Score is -2.75. Based on the distribution chart, Almarai Co ranks #567 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Almarai Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Almarai Co's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Almarai Co ranks #567 out of 1849 companies for Beneish M-Score. This puts Almarai Co 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 Almarai Co and its competitors. Almarai Co's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Almarai Co stock overvalued right now?
Based on GuruFocus' analysis, Almarai Co (SAU:2280) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼62.36, compared to a current price of ﷼44.82 — trading 28.1% below its estimated fair value. The current Beneish M-Score is -2.75. Almarai Co's overall GF Score™ is 91/100 with 5 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 Almarai Co (SAU:2280), the current Beneish M-Score is -2.75 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 Almarai Co (SAU:2280) Overvalued in 2026?
Based on GuruFocus' analysis, Almarai Co stock appears to be undervalued.
The current stock price of ﷼44.82 is trading 28.1% below its estimated GF Value™ of ﷼62.36.
GuruFocus considers Almarai Co to be Modestly Undervalued.
Key valuation signals for SAU:2280:
Beneish M-Score: -2.75
GF Value™: ﷼62.36 vs. price of ﷼44.82 (28.1% below fair value)
No single metric tells the full story. See the SAU:2280 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Almarai Co is a manufacturer and distributor of quality food and beverages. Its product portfolio includes dairy products, juices, bakery items, poultry, and infant formula under the brands Almarai, Joosy Life, Beyti, Teeba, L'usine, 7days, Alyoum, and AlBashayer. Its segments include Dairy and Juice, covering milk, dairy, fruit juice, ice cream processing, and distribution; Bakery, covering the manufacturing and distribution of bakery products; Poultry, covering poultry products; and Other Activities, including arable farming, horticulture, infant nutrition, seafood, value-added meat products, and water. The majority of the revenue is derived from the Dairy and Juice segment, with the maximum revenue generated from Saudi Arabia.
91GF Score
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