LafargeHolcim Maroc (CAS:LHM) Piotroski F-Score: 7 (As of Jul. 13, 2026) — Near Median

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CAS:LHM LafargeHolcim Maroc SA CAS:LHM
79 GF Score
Price MAD1,760.00
GF Value MAD2,210.52
Valuation Modestly Undervalued
! 1 Warning Sign
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What is LafargeHolcim Maroc Piotroski F-Score?

LafargeHolcim Maroc CAS:LHM -0.06% 79 Piotroski F-Score is 7 as of Jul. 13, 2026, which is at its 10-year median of 7.00. GuruFocus rates CAS:LHM with a GF Score™ of 79/100 and a GF Value™ of MAD2,210.52 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 394 Building Materials companies, LafargeHolcim Maroc ranks better than 87.06% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

LafargeHolcim Maroc has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

CAS:LHM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of LafargeHolcim Maroc was 9. The lowest was 3. And the median was 7.

LafargeHolcim Maroc  (CAS:LHM) 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.


LafargeHolcim Maroc Piotroski F-Score Related Terms


LafargeHolcim Maroc Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LafargeHolcim Maroc'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.

LafargeHolcim Maroc Piotroski F-Score Chart

LafargeHolcim Maroc 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 8.00 5.00 9.00 9.00 7.00

LafargeHolcim Maroc 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 9.00 0.00 9.00 0.00 7.00

CAS:LHM vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, LafargeHolcim Maroc'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.


LafargeHolcim Maroc Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, LafargeHolcim Maroc's Piotroski F-Score distribution charts can be found below:

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


CAS:LHM
79GF Score
LafargeHolcim Maroc SA CAS:LHM
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 MAD2,166 Mil.
Cash Flow from Operations was MAD2,817 Mil.
Revenue was MAD8,936 Mil.
Gross Profit was MAD6,341 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (20038.628 + 19994.546) / 2 = MAD20016.587 Mil.
Total Assets at the begining of this year (Dec24) was MAD20,039 Mil.
Long-Term Debt & Capital Lease Obligation was MAD3,511 Mil.
Total Current Assets was MAD2,464 Mil.
Total Current Liabilities was MAD2,376 Mil.
Net Income was MAD1,826 Mil.

Revenue was MAD8,155 Mil.
Gross Profit was MAD5,790 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (20139.795 + 20038.628) / 2 = MAD20089.2115 Mil.
Total Assets at the begining of last year (Dec23) was MAD20,140 Mil.
Long-Term Debt & Capital Lease Obligation was MAD4,335 Mil.
Total Current Assets was MAD2,367 Mil.
Total Current Liabilities was MAD2,154 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.

LafargeHolcim Maroc's current Net Income (TTM) was 2,166. ==> 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.

LafargeHolcim Maroc's current Cash Flow from Operations (TTM) was 2,817. ==> 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)
=2165.873/20038.628
=0.10808489

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1825.688/20139.795
=0.09065077

LafargeHolcim Maroc's return on assets of this year was 0.10808489. LafargeHolcim Maroc's return on assets of last year was 0.09065077. ==> 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.

LafargeHolcim Maroc's current Net Income (TTM) was 2,166. LafargeHolcim Maroc's current Cash Flow from Operations (TTM) was 2,817. ==> 2,817 > 2,166 ==> 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
=3510.859/20016.587
=0.17539748

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4335.073/20089.2115
=0.2157911

LafargeHolcim Maroc's gearing of this year was 0.17539748. LafargeHolcim Maroc's gearing of last year was 0.2157911. ==> 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
=2463.798/2375.813
=1.03703364

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2367.436/2154.221
=1.09897545

LafargeHolcim Maroc's current ratio of this year was 1.03703364. LafargeHolcim Maroc's current ratio of last year was 1.09897545. ==> 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.

LafargeHolcim Maroc's number of shares in issue this year was 23.32. LafargeHolcim Maroc's number of shares in issue last year was 23.32. ==> 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
=6341.175/8936.255
=0.70960095

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5790.281/8154.838
=0.71004243

LafargeHolcim Maroc's gross margin of this year was 0.70960095. LafargeHolcim Maroc's gross margin of last year was 0.71004243. ==> Last year's gross margin is higher ==> Score 0.

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)
=8936.255/20038.628
=0.44595144

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=8154.838/20139.795
=0.40491167

LafargeHolcim Maroc's asset turnover of this year was 0.44595144. LafargeHolcim Maroc's asset turnover of last year was 0.40491167. ==> 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+0+1
=7

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

LafargeHolcim Maroc has an F-score of 7. 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 7 mean?
LafargeHolcim Maroc (CAS:LHM) has a Piotroski F-Score of 7 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LafargeHolcim Maroc and its competitors. This is near median its historical median of 7.00. Over the past decade, LafargeHolcim Maroc's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, LafargeHolcim Maroc ranks #51 out of 394 companies in the Building Materials industry, placing it in the top 12.9%.
Is LafargeHolcim Maroc's Piotroski F-Score too high?
LafargeHolcim Maroc's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Building Materials industry median Piotroski F-Score is 5.00. LafargeHolcim Maroc's value of 7 is 40% above this industry median. Based on the distribution chart, LafargeHolcim Maroc ranks #51 out of 394 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, LafargeHolcim Maroc has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LafargeHolcim Maroc's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, LafargeHolcim Maroc ranks #51 out of 394 companies for Piotroski F-Score. This places LafargeHolcim Maroc in the top 13% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. LafargeHolcim Maroc's value of 7 is 40% above this benchmark. Historically, LafargeHolcim Maroc's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, LafargeHolcim Maroc 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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. LafargeHolcim Maroc's current Piotroski F-Score of 7 is 40% 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 LafargeHolcim Maroc and its competitors. For the Building Materials 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. LafargeHolcim Maroc's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LafargeHolcim Maroc stock overvalued right now?
Based on GuruFocus' analysis, LafargeHolcim Maroc (CAS:LHM) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD2,210.52, compared to a current price of MAD1,760.00 — trading 20.4% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Building Materials industry median of 5.00. LafargeHolcim Maroc's overall GF Score™ is 79/100 with 1 warning sign 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 LafargeHolcim Maroc (CAS:LHM), the current Piotroski F-Score is 7 as of Jul. 13, 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 LafargeHolcim Maroc (CAS:LHM) Overvalued in 2026?

Based on GuruFocus' analysis, LafargeHolcim Maroc stock appears to be undervalued. The current stock price of MAD1,760.00 is trading 20.4% below its estimated GF Value™ of MAD2,210.52. GuruFocus considers LafargeHolcim Maroc to be Modestly Undervalued.

Key valuation signals for CAS:LHM:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: MAD2,210.52 vs. price of MAD1,760.00 (20.4% below fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 40% above the Building Materials median (#51 of 394)

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


LafargeHolcim Maroc Business Description

Address 6, Route de Mekka, Quartier les Cretes, Casablanca, MAR, 20150
LafargeHolcim Maroc SA is a Morocco-based company. It is engaged in the manufacturing and sale of cement and hydraulic binders to the construction industry. Its product portfolio consists of cement, concretes, aggregates, plasters, and lime.
79GF Score

Get the complete analysis for CAS:LHM

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

MAD1,760.00
Price
MAD2,210.52
GF Value