Balsm Alofoq Medical Co (SAU:9620) Beneish M-Score: 10.32 (As of Aug. 06, 2026) — Near Median

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SAU:9620 Balsm Alofoq Medical Co SAU:9620
24 GF Score
Price ﷼24.70
! 4 Warning Signs
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What is Balsm Alofoq Medical Co Beneish M-Score?

Balsm Alofoq Medical Co SAU:9620 24 Beneish M-Score is 10.32 as of Aug. 06, 2026, which is at its 10-year median of 10.32. GuruFocus rates SAU:9620 with a GF Score™ of 24/100. The stock has 4 warning signs investors should review. Among 762 Medical Devices & Instruments companies, Balsm Alofoq Medical Co ranks worse than 98.43% 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.

Warning Sign:

Beneish M-Score 10.32 higher than -1.78, which implies that the company might have manipulated its financial results.

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

SAU:9620' s Beneish M-Score Range Over the Past 10 Years
Min: 10.32   Med: 10.32   Max: 10.32
Current: 10.32

During the past 3 years, the highest Beneish M-Score of Balsm Alofoq Medical Co was 10.32. The lowest was 10.32. And the median was 10.32.

Balsm Alofoq Medical Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Balsm Alofoq Medical 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.

Balsm Alofoq Medical Co Beneish M-Score Chart

Balsm Alofoq Medical Co Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 10.32

Balsm Alofoq Medical Co Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score 0.00 0.00 0.00 0.00 10.32

SAU:9620 vs ABT, SYK, MDT: Beneish M-Score Comparison

For the Medical Devices subindustry, Balsm Alofoq Medical 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.

Balsm Alofoq Medical Co Beneish M-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Balsm Alofoq Medical Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Balsm Alofoq Medical Co's Beneish M-Score falls into.


SAU:9620
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Balsm Alofoq Medical Co SAU:9620
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Balsm Alofoq Medical 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 Balsm Alofoq Medical 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 * 14.6724+0.528 * 1.092+0.404 * 0+0.892 * 1.0262+0.115 * 1.1975
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.7161+4.679 * 0.13776-0.327 * 0.9805
=10.32

* 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 ﷼5.30 Mil.
Revenue was ﷼20.38 Mil.
Gross Profit was ﷼7.79 Mil.
Total Current Assets was ﷼20.61 Mil.
Total Assets was ﷼35.65 Mil.
Property, Plant and Equipment(Net PPE) was ﷼15.04 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼1.18 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼2.15 Mil.
Total Current Liabilities was ﷼2.01 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼1.29 Mil.
Net Income was ﷼1.97 Mil.
Gross Profit was ﷼0.00 Mil.
Cash Flow from Operations was ﷼-2.94 Mil.
 Total Receivables was ﷼0.35 Mil.
Revenue was ﷼19.86 Mil.
Gross Profit was ﷼8.29 Mil.
Total Current Assets was ﷼21.20 Mil.
Total Assets was ﷼33.28 Mil.
Property, Plant and Equipment(Net PPE) was ﷼12.08 Mil.
Depreciation, Depletion and Amortization(DDA) was ﷼1.16 Mil.
Selling, General, & Admin. Expense(SGA) was ﷼1.22 Mil.
Total Current Liabilities was ﷼1.64 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼1.50 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)
=(5.3 / 20.377) / (0.352 / 19.857)
=0.260097 / 0.017727
=14.6724

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)
=(8.293 / 19.857) / (7.793 / 20.377)
=0.417636 / 0.382441
=1.092

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 - (20.605 + 15.044) / 35.649) / (1 - (21.203 + 12.075) / 33.279)
=0 / 3.0E-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
=20.377 / 19.857
=1.0262

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))
=(1.155 / (1.155 + 12.075)) / (1.183 / (1.183 + 15.044))
=0.087302 / 0.072903
=1.1975

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)
=(2.145 / 20.377) / (1.218 / 19.857)
=0.105266 / 0.061339
=1.7161

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)
=((1.286 + 2.008) / 35.649) / ((1.497 + 1.639) / 33.279)
=0.092401 / 0.094234
=0.9805

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
=(1.967 - 0 - -2.944) / 35.649
=0.13776

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.

Balsm Alofoq Medical Co has a M-score of 10.32 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 10.32 mean?
Balsm Alofoq Medical Co (SAU:9620) has a Beneish M-Score of 10.32 as of Aug. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Balsm Alofoq Medical Co and its competitors. This is near median its historical median of 10.32. Over the past decade, Balsm Alofoq Medical Co's Beneish M-Score has ranged from 10.32 to 10.32. According to the industry distribution chart, Balsm Alofoq Medical Co ranks #750 out of 762 companies in the Medical Devices & Instruments industry, placing it in the top 98.4%.
Is Balsm Alofoq Medical Co's Beneish M-Score too high?
Balsm Alofoq Medical Co's current Beneish M-Score of 10.32 is near median its 10-year median of 10.32. Over the past 10 years, this metric has ranged from a low of 10.32 to a high of 10.32. Based on the distribution chart, Balsm Alofoq Medical Co ranks #750 out of 762 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Balsm Alofoq Medical Co has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Balsm Alofoq Medical Co's Beneish M-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Balsm Alofoq Medical Co ranks #750 out of 762 companies for Beneish M-Score. This places Balsm Alofoq Medical Co in the lower half of its industry. Historically, Balsm Alofoq Medical Co's own Beneish M-Score has ranged from 10.32 to 10.32 over the past decade. 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 Balsm Alofoq Medical Co and its competitors. Balsm Alofoq Medical Co's current Beneish M-Score is 10.32, which is near median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balsm Alofoq Medical Co stock overvalued right now?
Balsm Alofoq Medical Co (SAU:9620) has a current Beneish M-Score of 10.32. The current Beneish M-Score is 10.32, which is near median its 10-year median of 10.32. Balsm Alofoq Medical Co's overall GF Score™ is 24/100 with 4 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 Balsm Alofoq Medical Co (SAU:9620), the current Beneish M-Score is 10.32 as of Aug. 06, 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.

Balsm Alofoq Medical Co Business Description

Address King Khalid Road, Qassim Region, Al-Ufuq District, Buraidah, SAU
Balsm Alofoq Medical Co operates in the medical sector. Its activities include medical services, specialized clinics and medical complexes, medical operations, and the import and supply of medical devices and supplies to all regions of the Kingdom of Saudi Arabia.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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