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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 -2.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Lazurde Company for Jewelry's Beneish M-Score or its related term are showing as below:
SAU:4011'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.61 Med: -2.43 Max: 30.17
Current: -2.28
During the past 13 years, the highest Beneish M-Score of Lazurde Company for Jewelry was 30.17. The lowest was -3.61. And the median was -2.43.
Lazurde Company for Jewelry Beneish M-Score Related Terms
Lazurde Company for Jewelry Beneish M-Score Historical Data
* 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:4011 vs TPR, SIG, CPRI: Beneish M-Score Comparison
For the Luxury Goods subindustry, Lazurde Company for Jewelry'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.
Lazurde Company for Jewelry Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lazurde Company for Jewelry's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lazurde Company for Jewelry's Beneish M-Score falls into.
Lazurde Company for Jewelry 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 Lazurde Company for Jewelry 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 * 0.8361
+
0.528 * 1.4022
+
0.404 * 0.7713
+
0.892 * 1.4002
+
0.115 * 0.9779
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6842
+
4.679 * -0.033407
-
0.327 * 1.0663
=
-2.28
* 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))
=
(29.149 / (29.149 + 84.777))
/
(28.454 / (28.454 + 80.303))
=
0.255859
/
0.261629
=
0.9779
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
=
(-51.947 - 0
-
35.433)
/
2615.625
=
-0.033407
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.
Lazurde Company for Jewelry has a M-score of -2.28 suggests that the company is unlikely to be a manipulator.
Lazurde Company for Jewelry (SAU:4011) has a Beneish M-Score of -2.28 as of Jul. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lazurde Company for Jewelry and its competitors. According to the industry distribution chart, Lazurde Company for Jewelry ranks #741 out of 1084 companies in the Retail - Cyclical industry, placing it in the top 68.4%.
Is Lazurde Company for Jewelry's Beneish M-Score too high?
Lazurde Company for Jewelry's current Beneish M-Score is -2.28. Based on the distribution chart, Lazurde Company for Jewelry ranks #741 out of 1084 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Lazurde Company for Jewelry has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lazurde Company for Jewelry's Beneish M-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Lazurde Company for Jewelry ranks #741 out of 1084 companies for Beneish M-Score. This places Lazurde Company for Jewelry 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Lazurde Company for Jewelry and its competitors. Lazurde Company for Jewelry's current Beneish M-Score is -2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lazurde Company for Jewelry stock overvalued right now?
Based on GuruFocus' analysis, Lazurde Company for Jewelry (SAU:4011) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼22.82, compared to a current price of ﷼10.97 — trading 51.9% below its estimated fair value. The current Beneish M-Score is -2.28. Lazurde Company for Jewelry's overall GF Score™ is 75/100 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 Lazurde Company for Jewelry (SAU:4011), the current Beneish M-Score is -2.28 as of Jul. 22, 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 Lazurde Company for Jewelry (SAU:4011) Overvalued in 2026?
Based on GuruFocus' analysis, Lazurde Company for Jewelry stock appears to be undervalued.
The current stock price of ﷼10.97 is trading 51.9% below its estimated GF Value™ of ﷼22.82.
GuruFocus considers Lazurde Company for Jewelry to be Possible Value Trap.
Key valuation signals for SAU:4011:
Beneish M-Score: -2.28
GF Value™: ﷼22.82 vs. price of ﷼10.97 (51.9% below fair value)
No single metric tells the full story. See the SAU:4011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lazurde Company for Jewelry is a jewelry manufacturing company. It is engaged in the production, manufacturing, forming, and forging of golden wares, jewelry, precious stones, and golden alloys. The group has a business presence in the Kingdom of Saudi Arabia, Egypt, Qatar, Oman and the UAE. Its offers gold, diamond and silver products in the form of Necklaces, Bracelets, Rings, and Earrings, among others. It is organised into Wholesale and Retail business segments, of which key revenue is derived from the Retail business segment.
75GF Score
Get the complete analysis for SAU:4011
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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