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 Al Kathiri Holding Co's Beneish M-Score or its related term are showing as below:
During the past 9 years, the highest Beneish M-Score of Al Kathiri Holding Co was 5694.45. The lowest was -4.10. And the median was -1.88.
Al Kathiri Holding Co Beneish M-Score Related Terms
Al Kathiri Holding Co Beneish M-Score Historical Data
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The historical data trend for Al Kathiri Holding 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.
SAU:3008 vs CRH, VMC, MLM: Beneish M-Score Comparison
For the Building Materials subindustry, Al Kathiri Holding 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 Kathiri Holding Co Beneish M-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Al Kathiri Holding Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Al Kathiri Holding 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 Al Kathiri Holding 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 *
+
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.
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))
=
(13.653 / (13.653 + 151.403))
/
(15.38 / (15.38 + 151.222))
=
0.082717
/
0.092316
=
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
=
(-49.651 - 0
-
23.997)
/
298.642
=
-0.24661
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 Kathiri Holding Co (SAU:3008) has a Beneish M-Score of 0.00 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Al Kathiri Holding Co and its competitors. According to the industry distribution chart, Al Kathiri Holding Co ranks #999999 out of 386 companies in the Building Materials industry.
Is Al Kathiri Holding Co's Beneish M-Score too high?
Al Kathiri Holding Co's current Beneish M-Score is 0.00. Based on the distribution chart, Al Kathiri Holding Co ranks #999999 out of 386 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Al Kathiri Holding Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Al Kathiri Holding Co's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Al Kathiri Holding Co ranks #999999 out of 386 companies for Beneish M-Score. This places Al Kathiri Holding 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Kathiri Holding Co and its competitors. Al Kathiri Holding Co'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 Al Kathiri Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Al Kathiri Holding Co (SAU:3008) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼3.99, compared to a current price of ﷼1.60 — trading 59.9% below its estimated fair value. The current Beneish M-Score is 0.00. Al Kathiri Holding Co's overall GF Score™ is 60/100 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 Al Kathiri Holding Co (SAU:3008), the current Beneish M-Score is 0.00 as of Jun. 30, 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 Kathiri Holding Co (SAU:3008) Overvalued in 2026?
Based on GuruFocus' analysis, Al Kathiri Holding Co stock appears to be undervalued.
The current stock price of ﷼1.60 is trading 59.9% below its estimated GF Value™ of ﷼3.99.
GuruFocus considers Al Kathiri Holding Co to be Possible Value Trap.
Key valuation signals for SAU:3008:
Beneish M-Score: 0.00
GF Value™: ﷼3.99 vs. price of ﷼1.60 (59.9% below fair value)
No single metric tells the full story. See the SAU:3008 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Kathiri Holding Co is engaged in the building materials business. The company transfers, distributes, and sells cement to local markets in all regions of the Kingdom, mainly the markets of the central region and the western region. It also distributes and supplies raw materials for the production of ready-made concrete of all kinds. The company has established a prefabricated concrete plant. The activities of the company later expanded to include the production of ready-mixed concrete and the manufacture of Imdo panels. The company generates the majority of its revenue from concrete sales. The Group is organized into business segments based on its products and services: Contracting/development revenues, and the sale of cement and materials.
60GF Score
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