Al Mawarid Manpower Co (SAU:1833) Altman Z-Score: 5.50 (As of Jul. 08, 2026) — 14% Below Median


SAU:1833 Al Mawarid Manpower Co SAU:1833
66 GF Score
Price ﷼103.60
GF Value ﷼143.45
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Al Mawarid Manpower Co Altman Z-Score?

Al Mawarid Manpower Co SAU:1833 +2.88% 66 Altman Z-Score is 5.50 as of Jul. 08, 2026, which is 14% below its 10-year median of 6.37. GuruFocus rates SAU:1833 with a GF Score™ of 66/100 and a GF Value™ of ﷼143.45 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,060 Business Services companies, Al Mawarid Manpower Co ranks better than 76.79% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 5.48 is strong.

Al Mawarid Manpower Co has a Altman Z-Score of 5.50, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Al Mawarid Manpower Co's Altman Z-Score or its related term are showing as below:

SAU:1833' s Altman Z-Score Range Over the Past 10 Years
Min: 5.21   Med: 6.37   Max: 8.51
Current: 5.48

During the past 5 years, Al Mawarid Manpower Co's highest Altman Z-Score was 8.51. The lowest was 5.21. And the median was 6.37.


Al Mawarid Manpower Co  (SAU:1833) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Al Mawarid Manpower Co Altman Z-Score Related Terms


Al Mawarid Manpower Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Al Mawarid Manpower Co's Altman Z-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.

Al Mawarid Manpower Co Altman Z-Score Chart

Al Mawarid Manpower Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 6.85 5.65 5.65

Al Mawarid Manpower Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.38 6.01 5.68 5.65 5.21

SAU:1833 vs KFY, RHI, TNET: Altman Z-Score Comparison

For the Staffing & Employment Services subindustry, Al Mawarid Manpower Co's Altman Z-Score, along with its competitors' market caps and Altman Z-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 Mawarid Manpower Co Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Al Mawarid Manpower Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Al Mawarid Manpower Co's Altman Z-Score falls into.


SAU:1833
66GF Score
Al Mawarid Manpower Co SAU:1833
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Mawarid Manpower Co Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Al Mawarid Manpower Co's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.3849+1.4*0.2758+3.3*0.1506+0.6*3.0783+1.0*2.306
=5.50

* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ﷼1,206 Mil.
Total Current Assets was ﷼963 Mil.
Total Current Liabilities was ﷼499 Mil.
Retained Earnings was ﷼333 Mil.
Pre-Tax Income was 55.83 + 42.005 + 39.647 + 34.979 = ﷼172 Mil.
Interest Expense was -2.209 + -2.592 + -2.174 + -2.206 = ﷼-9 Mil.
Revenue was 758.493 + 719.173 + 678.777 + 624.359 = ﷼2,781 Mil.
Market Cap (Today) was ﷼2,072 Mil.
Total Liabilities was ﷼673 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(962.759 - 498.553)/1205.909
=0.3849

X2=Retained Earnings/Total Assets
=332.578/1205.909
=0.2758

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(172.461 - -9.181)/1205.909
=0.1506

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2072.000/673.09
=3.0783

X5=Revenue/Total Assets
=2780.802/1205.909
=2.306

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Al Mawarid Manpower Co has a Altman Z-Score of 5.50 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 5.50 mean?
Al Mawarid Manpower Co (SAU:1833) has a Altman Z-Score of 5.50 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Al Mawarid Manpower Co and its competitors. This is 14% below median its historical median of 6.37. Over the past decade, Al Mawarid Manpower Co's Altman Z-Score has ranged from 5.21 to 8.51. According to the industry distribution chart, Al Mawarid Manpower Co ranks #246 out of 1060 companies in the Business Services industry, placing it in the top 23.2%.
Is Al Mawarid Manpower Co's Altman Z-Score too high?
Al Mawarid Manpower Co's current Altman Z-Score of 5.50 is 14% below median its 10-year median of 6.37. Over the past 10 years, this metric has ranged from a low of 5.21 to a high of 8.51. The Business Services industry median Altman Z-Score is 2.96. Al Mawarid Manpower Co's value of 5.50 is 86.1% above this industry median. Based on the distribution chart, Al Mawarid Manpower Co ranks #246 out of 1060 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Al Mawarid Manpower Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Mawarid Manpower Co's Altman Z-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Al Mawarid Manpower Co ranks #246 out of 1060 companies for Altman Z-Score. This places Al Mawarid Manpower Co in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.96. Al Mawarid Manpower Co's value of 5.50 is 86.1% above this benchmark. Historically, Al Mawarid Manpower Co's own Altman Z-Score has ranged from 5.21 to 8.51 over the past decade. While the company's 10-year median is 6.37 vs. the industry median of 2.96, Al Mawarid Manpower Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Business Services company?
The median Altman Z-Score among Business Services companies is 2.96, based on 1,060 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Al Mawarid Manpower Co's current Altman Z-Score of 5.50 is 86.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Al Mawarid Manpower Co and its competitors. For the Business Services industry, the median Altman Z-Score is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Mawarid Manpower Co's current Altman Z-Score is 5.50, which is 14% below median its own 10-year median of 6.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Mawarid Manpower Co stock overvalued right now?
Based on GuruFocus' analysis, Al Mawarid Manpower Co (SAU:1833) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼143.45, compared to a current price of ﷼103.60 — trading 27.8% below its estimated fair value. The current Altman Z-Score is 5.50, which is 14% below median its 10-year median of 6.37 and 86.1% above the Business Services industry median of 2.96. Al Mawarid Manpower Co's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Al Mawarid Manpower Co (SAU:1833), the current Altman Z-Score is 5.50 as of Jul. 08, 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 Mawarid Manpower Co (SAU:1833) Overvalued in 2026?

Based on GuruFocus' analysis, Al Mawarid Manpower Co stock appears to be undervalued. The current stock price of ﷼103.60 is trading 27.8% below its estimated GF Value™ of ﷼143.45. GuruFocus considers Al Mawarid Manpower Co to be Modestly Undervalued.

Key valuation signals for SAU:1833:

  • Altman Z-Score: 5.50 (14% below median its 10-year median of 6.37)
  • GF Value™: ﷼143.45 vs. price of ﷼103.60 (27.8% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 86.1% above the Business Services median (#246 of 1060)

No single metric tells the full story. See the SAU:1833 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al Mawarid Manpower Co Business Description

Address 7017 Ibn Waqa Street, P.O. Box 120058, Al-Rawdah District, Riyadh, SAU, 13211
Al Mawarid Manpower Co is a Saudi closed joint stock company. The company is engaged in labor recruitment activities and the provision of manpower services in the Kingdom to corporate clients (in the public and private sectors) and individuals. The company operates in three reportable segments: Corporate Segment, Individual Segment, and Hourly Segment out of which Corporate Segment represents the majority revenue generated from corporate clients, mainly in connection with the following client industries: construction and contracting, maintenance companies, hospitality, healthcare, transportation and others.
66GF Score

Get the complete analysis for SAU:1833

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

﷼103.60
Price
﷼143.45
GF Value