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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 -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Naseej for Technology Co's Beneish M-Score or its related term are showing as below:
SAU:9538'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.77 Med: -2.65 Max: -2.19
Current: -2.77
During the past 5 years, the highest Beneish M-Score of Naseej for Technology Co was -2.19. The lowest was -2.77. And the median was -2.65.
Naseej for Technology Co Beneish M-Score Related Terms
Naseej for Technology Co 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:9538 vs IBM, ACN, FISV: Beneish M-Score Comparison
For the Information Technology Services subindustry, Naseej for Technology 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.
Naseej for Technology Co Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Naseej for Technology Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Naseej for Technology Co's Beneish M-Score falls into.
Naseej for Technology 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 Naseej for Technology 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 * 1.1841
+
0.528 * 0.8662
+
0.404 * 1.236
+
0.892 * 0.922
+
0.115 * 0.6478
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.7078
+
4.679 * -0.049727
-
0.327 * 1.0551
=
-2.77
* 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))
=
(2.269 / (2.269 + 5.031))
/
(4.046 / (4.046 + 4.387))
=
0.310822
/
0.479782
=
0.6478
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
=
(5.151 - 0
-
20.138)
/
301.385
=
-0.049727
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.
Naseej for Technology Co has a M-score of -2.77 suggests that the company is unlikely to be a manipulator.
Naseej for Technology Co (SAU:9538) has a Beneish M-Score of -2.77 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Naseej for Technology Co and its competitors. According to the industry distribution chart, Naseej for Technology Co ranks #901 out of 2628 companies in the Software industry, placing it in the top 34.3%.
Is Naseej for Technology Co's Beneish M-Score too high?
Naseej for Technology Co's current Beneish M-Score is -2.77. Based on the distribution chart, Naseej for Technology Co ranks #901 out of 2628 companies in the Software industry, which is above the industry midpoint. Overall, Naseej for Technology Co has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Naseej for Technology Co's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Naseej for Technology Co ranks #901 out of 2628 companies for Beneish M-Score. This puts Naseej for Technology 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 Software company?
A good Beneish M-Score depends on the Software 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 Naseej for Technology Co and its competitors. Naseej for Technology Co's current Beneish M-Score is -2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naseej for Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Naseej for Technology Co (SAU:9538) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼42.11, compared to a current price of ﷼23.58 — trading 44% below its estimated fair value. The current Beneish M-Score is -2.77. Naseej for Technology Co's overall GF Score™ is 51/100 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 Naseej for Technology Co (SAU:9538), the current Beneish M-Score is -2.77 as of Jul. 16, 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 Naseej for Technology Co (SAU:9538) Overvalued in 2026?
Based on GuruFocus' analysis, Naseej for Technology Co stock appears to be undervalued.
The current stock price of ﷼23.58 is trading 44% below its estimated GF Value™ of ﷼42.11.
GuruFocus considers Naseej for Technology Co to be Significantly Undervalued.
Key valuation signals for SAU:9538:
Beneish M-Score: -2.77
GF Value™: ﷼42.11 vs. price of ﷼23.58 (44% below fair value)
No single metric tells the full story. See the SAU:9538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Naseej for Technology Co providing computer services (databases and information systems), internet services, electronic communications, computer and network maintenance, as well as wholesale and retail trade of office furniture and library equipment. The company operates in three reportable segments: Knowledge Asset Management Solutions, Education Solutions, and Electronic Solutions. The majority of its revenue is generated from the Knowledge Asset Management Solutions.
51GF Score
Get the complete analysis for SAU:9538
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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