Marble Design Co (SAU:9575) Beneish M-Score: -3.12 (As of Jul. 16, 2026)

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SAU:9575 Marble Design Co SAU:9575
34 GF Score
Price ﷼6.47
GF Value ﷼5.54
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Marble Design Co Beneish M-Score?

Marble Design Co SAU:9575 +3.52% 34 Beneish M-Score is -3.12 as of Jul. 16, 2026. GuruFocus rates SAU:9575 with a GF Score™ of 34/100 and a GF Value™ of ﷼5.54 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 387 Building Materials companies, Marble Design Co ranks better than 89.15% 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 -3.12 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Marble Design Co's Beneish M-Score or its related term are showing as below:

SAU:9575' s Beneish M-Score Range Over the Past 10 Years
Min: -3.12   Med: -3.12   Max: -3.12
Current: -3.12

During the past 4 years, the highest Beneish M-Score of Marble Design Co was -3.12. The lowest was -3.12. And the median was -3.12.

Marble Design Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Marble Design 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.

Marble Design Co Beneish M-Score Chart

Marble Design Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 -3.12

Marble Design Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -3.12

SAU:9575 vs CRH, VMC, MLM: Beneish M-Score Comparison

For the Building Materials subindustry, Marble Design 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.

Marble Design Co Beneish M-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Marble Design Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Marble Design Co's Beneish M-Score falls into.


SAU:9575
34GF Score
Marble Design Co SAU:9575
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marble Design 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 Marble Design 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 * 0.8185+0.528 * 0.7214+0.404 * 0+0.892 * 0.9299+0.115 * 0.9372
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2119+4.679 * 0.049097-0.327 * 1.132
=-3.12

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was ﷼4.55 Mil.
Revenue was ﷼41.41 Mil.
Gross Profit was ﷼25.38 Mil.
Total Current Assets was ﷼68.75 Mil.
Total Assets was ﷼106.95 Mil.
Property, Plant and Equipment(Net PPE) was ﷼38.20 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼5.10 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼2.87 Mil.
Total Current Liabilities was ﷼9.40 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼0.00 Mil.
Net Income was ﷼10.62 Mil.
Gross Profit was ﷼0.00 Mil.
Cash Flow from Operations was ﷼5.37 Mil.
 Total Receivables was ﷼5.98 Mil.
Revenue was ﷼44.54 Mil.
Gross Profit was ﷼19.69 Mil.
Total Current Assets was ﷼61.63 Mil.
Total Assets was ﷼94.09 Mil.
Property, Plant and Equipment(Net PPE) was ﷼32.46 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼4.03 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼2.55 Mil.
Total Current Liabilities was ﷼7.31 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼0.00 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(4.553 / 41.412) / (5.982 / 44.535)
=0.109944 / 0.134321
=0.8185

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(19.688 / 44.535) / (25.376 / 41.412)
=0.442079 / 0.612769
=0.7214

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (68.748 + 38.204) / 106.952) / (1 - (61.628 + 32.462) / 94.089)
=0 / -1.1E-5
=0

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=41.412 / 44.535
=0.9299

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(4.027 / (4.027 + 32.462)) / (5.099 / (5.099 + 38.204))
=0.110362 / 0.117752
=0.9372

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(2.868 / 41.412) / (2.545 / 44.535)
=0.069255 / 0.057146
=1.2119

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0 + 9.401) / 106.952) / ((0 + 7.306) / 94.089)
=0.087899 / 0.07765
=1.132

8. TATA = Total Accruals to Total Assets

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
=(10.617 - 0 - 5.366) / 106.952
=0.049097

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.

Marble Design Co has a M-score of -3.12 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -3.12 mean?
Marble Design Co (SAU:9575) has a Beneish M-Score of -3.12 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Marble Design Co and its competitors. According to the industry distribution chart, Marble Design Co ranks #42 out of 387 companies in the Building Materials industry, placing it in the top 10.9%.
Is Marble Design Co's Beneish M-Score too high?
Marble Design Co's current Beneish M-Score is -3.12. Based on the distribution chart, Marble Design Co ranks #42 out of 387 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Marble Design Co has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marble Design Co's Beneish M-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Marble Design Co ranks #42 out of 387 companies for Beneish M-Score. This places Marble Design Co in the top 11% of its industry — outperforming the majority of peers. 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 Marble Design Co and its competitors. Marble Design Co's current Beneish M-Score is -3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marble Design Co stock overvalued right now?
Based on GuruFocus' analysis, Marble Design Co (SAU:9575) is currently considered Modestly Overvalued. The stock's GF Value™ is ﷼5.54, compared to a current price of ﷼6.47 — trading 16.8% above its estimated fair value. The current Beneish M-Score is -3.12. Marble Design Co's overall GF Score™ is 34/100 with 2 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 Marble Design Co (SAU:9575), the current Beneish M-Score is -3.12 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 Marble Design Co (SAU:9575) Overvalued in 2026?

Based on GuruFocus' analysis, Marble Design Co stock appears to be overvalued. The current stock price of ﷼6.47 is trading 16.8% above its estimated GF Value™ of ﷼5.54. GuruFocus considers Marble Design Co to be Modestly Overvalued.

Key valuation signals for SAU:9575:

  • Beneish M-Score: -3.12
  • GF Value™: ﷼5.54 vs. price of ﷼6.47 (16.8% above fair value)
  • GF Score™: 34/100 with 2 warning signs

No single metric tells the full story. See the SAU:9575 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marble Design Co Business Description

Address 8416 Sadus Industrial Area, Riyadh, SAU, 13968
Marble Design Co is a Saudi-based company engaged in executing natural marble projects. The company is involved in cutting, sawing, and installation of marble, as well as general contracting and the retail of marble and other stone products.
34GF Score

Get the complete analysis for SAU:9575

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼6.47
Price
﷼5.54
GF Value