Auto Hall (CAS:ATH) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 33% Above Median


CAS:ATH Auto Hall SA CAS:ATH
63 GF Score
Price MAD71.85
GF Value MAD90.55
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Auto Hall Piotroski F-Score?

Auto Hall CAS:ATH +2.64% 63 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates CAS:ATH with a GF Score™ of 63/100 and a GF Value™ of MAD90.55 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,287 Vehicles & Parts companies, Auto Hall ranks better than 97.75% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Auto Hall has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Auto Hall's Piotroski F-Score or its related term are showing as below:

CAS:ATH' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Auto Hall was 9. The lowest was 4. And the median was 6.

Auto Hall  (CAS:ATH) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Auto Hall Piotroski F-Score Related Terms


Auto Hall Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Auto Hall's Piotroski F-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.

Auto Hall Piotroski F-Score Chart

Auto Hall Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 4.00 5.00 6.00 8.00

Auto Hall Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-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 Premium Member Only 5.00 0.00 6.00 0.00 8.00

CAS:ATH vs CVNA, PAG, ALTB: Piotroski F-Score Comparison

For the Auto & Truck Dealerships subindustry, Auto Hall's Piotroski F-Score, along with its competitors' market caps and Piotroski F-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.


Auto Hall Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Hall's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Auto Hall's Piotroski F-Score falls into.


CAS:ATH
63GF Score
Auto Hall SA CAS:ATH
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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:
Net Income was MAD100 Mil.
Cash Flow from Operations was MAD443 Mil.
Revenue was MAD5,912 Mil.
Gross Profit was MAD785 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (6313.508 + 6484.075) / 2 = MAD6398.7915 Mil.
Total Assets at the begining of this year (Dec24) was MAD6,314 Mil.
Long-Term Debt & Capital Lease Obligation was MAD0 Mil.
Total Current Assets was MAD3,374 Mil.
Total Current Liabilities was MAD3,474 Mil.
Net Income was MAD17 Mil.

Revenue was MAD5,022 Mil.
Gross Profit was MAD586 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (6258.239 + 6313.508) / 2 = MAD6285.8735 Mil.
Total Assets at the begining of last year (Dec23) was MAD6,258 Mil.
Long-Term Debt & Capital Lease Obligation was MAD0 Mil.
Total Current Assets was MAD3,378 Mil.
Total Current Liabilities was MAD3,477 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Auto Hall's current Net Income (TTM) was 100. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Auto Hall's current Cash Flow from Operations (TTM) was 443. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=99.832/6313.508
=0.01581245

ROA (Last Year)=Net Income/Total Assets (Dec23)
=17.092/6258.239
=0.00273112

Auto Hall's return on assets of this year was 0.01581245. Auto Hall's return on assets of last year was 0.00273112. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Auto Hall's current Net Income (TTM) was 100. Auto Hall's current Cash Flow from Operations (TTM) was 443. ==> 443 > 100 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/6398.7915
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/6285.8735
=0

Auto Hall's gearing of this year was 0. Auto Hall's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=3374.249/3474.179
=0.97123637

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=3377.745/3477.306
=0.97136835

Auto Hall's current ratio of this year was 0.97123637. Auto Hall's current ratio of last year was 0.97136835. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Auto Hall's number of shares in issue this year was 50.295. Auto Hall's number of shares in issue last year was 50.295. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=784.631/5911.77
=0.13272353

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=585.741/5022.141
=0.11663173

Auto Hall's gross margin of this year was 0.13272353. Auto Hall's gross margin of last year was 0.11663173. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=5911.77/6313.508
=0.9363685

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=5022.141/6258.239
=0.80248469

Auto Hall's asset turnover of this year was 0.9363685. Auto Hall's asset turnover of last year was 0.80248469. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Auto Hall has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Auto Hall (CAS:ATH) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Auto Hall and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Auto Hall's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Auto Hall ranks #29 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 2.3%.
Is Auto Hall's Piotroski F-Score too high?
Auto Hall's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Auto Hall's value of 8 is 60% above this industry median. Based on the distribution chart, Auto Hall ranks #29 out of 1287 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Auto Hall has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Auto Hall's Piotroski F-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Auto Hall ranks #29 out of 1287 companies for Piotroski F-Score. This places Auto Hall in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Auto Hall's value of 8 is 60% above this benchmark. Historically, Auto Hall's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Auto Hall 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 Piotroski F-Score for a Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Auto Hall's current Piotroski F-Score of 8 is 60% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Auto Hall and its competitors. For the Vehicles & Parts industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Auto Hall's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auto Hall stock overvalued right now?
Based on GuruFocus' analysis, Auto Hall (CAS:ATH) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD90.55, compared to a current price of MAD71.85 — trading 20.7% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Vehicles & Parts industry median of 5.00. Auto Hall's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Auto Hall (CAS:ATH), the current Piotroski F-Score is 8 as of Jun. 26, 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 Auto Hall (CAS:ATH) Overvalued in 2026?

Based on GuruFocus' analysis, Auto Hall stock appears to be undervalued. The current stock price of MAD71.85 is trading 20.7% below its estimated GF Value™ of MAD90.55. GuruFocus considers Auto Hall to be Modestly Undervalued.

Key valuation signals for CAS:ATH:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: MAD90.55 vs. price of MAD71.85 (20.7% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 60% above the Vehicles & Parts median (#29 of 1287)

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


Auto Hall Business Description

Address 64 Avenue Lalla Yacout, RC n 137, Casablanca, MAR, 20000
Auto Hall SA is engaged in the distribution of light vehicles and agricultural equipment. Its brands include Ford, Nissan, Fuso, Opel, Mitsubishi, Ford Trucks, DFSK, and Others.
63GF Score

Get the complete analysis for CAS:ATH

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

MAD71.85
Price
MAD90.55
GF Value