Les Eaux Minerales d'Oulmes (CAS:OUL) Piotroski F-Score: 7 (As of Jun. 26, 2026) — 17% Above Median


CAS:OUL Les Eaux Minerales d'Oulmes SA CAS:OUL
25 GF Score
Price MAD1,224.00
GF Value MAD1,676.80
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Les Eaux Minerales d'Oulmes Piotroski F-Score?

Les Eaux Minerales d'Oulmes CAS:OUL +2.00% 25 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates CAS:OUL with a GF Score™ of 25/100 and a GF Value™ of MAD1,676.80 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 112 Beverages - Non-Alcoholic companies, Les Eaux Minerales d'Oulmes ranks better than 85.71% 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

Les Eaux Minerales d'Oulmes 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 Les Eaux Minerales d'Oulmes's Piotroski F-Score or its related term are showing as below:

CAS:OUL' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Les Eaux Minerales d'Oulmes was 8. The lowest was 5. And the median was 6.

Les Eaux Minerales d'Oulmes  (CAS:OUL) 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.


Les Eaux Minerales d'Oulmes Piotroski F-Score Related Terms


Les Eaux Minerales d'Oulmes Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Les Eaux Minerales d'Oulmes'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.

Les Eaux Minerales d'Oulmes Piotroski F-Score Chart

Les Eaux Minerales d'Oulmes 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 7.00 6.00 7.00 7.00

Les Eaux Minerales d'Oulmes Semi-Annual Data
Dec15 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 6.00 0.00 7.00 0.00 7.00

CAS:OUL vs KO, PEP, MNST: Piotroski F-Score Comparison

For the Beverages - Non-Alcoholic subindustry, Les Eaux Minerales d'Oulmes'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.


Les Eaux Minerales d'Oulmes Piotroski F-Score vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Les Eaux Minerales d'Oulmes's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Les Eaux Minerales d'Oulmes's Piotroski F-Score falls into.


CAS:OUL
25GF Score
Les Eaux Minerales d'Oulmes SA CAS:OUL
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 MAD112 Mil.
Cash Flow from Operations was MAD184 Mil.
Revenue was MAD3,251 Mil.
Gross Profit was MAD2,165 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (3430.306 + 3919.529) / 2 = MAD3674.9175 Mil.
Total Assets at the begining of this year (Dec24) was MAD3,430 Mil.
Long-Term Debt & Capital Lease Obligation was MAD1,657 Mil.
Total Current Assets was MAD1,451 Mil.
Total Current Liabilities was MAD1,411 Mil.
Net Income was MAD58 Mil.

Revenue was MAD2,940 Mil.
Gross Profit was MAD1,955 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (3003.097 + 3430.306) / 2 = MAD3216.7015 Mil.
Total Assets at the begining of last year (Dec23) was MAD3,003 Mil.
Long-Term Debt & Capital Lease Obligation was MAD1,421 Mil.
Total Current Assets was MAD1,254 Mil.
Total Current Liabilities was MAD1,228 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.

Les Eaux Minerales d'Oulmes's current Net Income (TTM) was 112. ==> 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.

Les Eaux Minerales d'Oulmes's current Cash Flow from Operations (TTM) was 184. ==> 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)
=112.33/3430.306
=0.03274635

ROA (Last Year)=Net Income/Total Assets (Dec23)
=57.886/3003.097
=0.01927543

Les Eaux Minerales d'Oulmes's return on assets of this year was 0.03274635. Les Eaux Minerales d'Oulmes's return on assets of last year was 0.01927543. ==> 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.

Les Eaux Minerales d'Oulmes's current Net Income (TTM) was 112. Les Eaux Minerales d'Oulmes's current Cash Flow from Operations (TTM) was 184. ==> 184 > 112 ==> 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
=1657.237/3674.9175
=0.45095897

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1421.184/3216.7015
=0.44181408

Les Eaux Minerales d'Oulmes's gearing of this year was 0.45095897. Les Eaux Minerales d'Oulmes's gearing of last year was 0.44181408. ==> Last year is lower than this year ==> Score 0.

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
=1450.905/1411.004
=1.02827845

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=1253.571/1227.942
=1.02087151

Les Eaux Minerales d'Oulmes's current ratio of this year was 1.02827845. Les Eaux Minerales d'Oulmes's current ratio of last year was 1.02087151. ==> This year's current ratio is higher. ==> Score 1.

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.

Les Eaux Minerales d'Oulmes's number of shares in issue this year was 1.98. Les Eaux Minerales d'Oulmes's number of shares in issue last year was 1.98. ==> 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
=2165.349/3251.072
=0.66604154

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1955.012/2940.457
=0.66486672

Les Eaux Minerales d'Oulmes's gross margin of this year was 0.66604154. Les Eaux Minerales d'Oulmes's gross margin of last year was 0.66486672. ==> 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)
=3251.072/3430.306
=0.94774985

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2940.457/3003.097
=0.97914153

Les Eaux Minerales d'Oulmes's asset turnover of this year was 0.94774985. Les Eaux Minerales d'Oulmes's asset turnover of last year was 0.97914153. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+1+1+0
=7

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

Les Eaux Minerales d'Oulmes 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?
Les Eaux Minerales d'Oulmes (CAS:OUL) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Les Eaux Minerales d'Oulmes and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Les Eaux Minerales d'Oulmes' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Les Eaux Minerales d'Oulmes ranks #16 out of 112 companies in the Beverages - Non-Alcoholic industry, placing it in the top 14.3%.
Is Les Eaux Minerales d'Oulmes' Piotroski F-Score too high?
Les Eaux Minerales d'Oulmes' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Beverages - Non-Alcoholic industry median Piotroski F-Score is 5.50. Les Eaux Minerales d'Oulmes' value of 7 is 27.3% above this industry median. Based on the distribution chart, Les Eaux Minerales d'Oulmes ranks #16 out of 112 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Les Eaux Minerales d'Oulmes has a GF Score™ of 25/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Les Eaux Minerales d'Oulmes' Piotroski F-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Les Eaux Minerales d'Oulmes ranks #16 out of 112 companies for Piotroski F-Score. This places Les Eaux Minerales d'Oulmes in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.50. Les Eaux Minerales d'Oulmes' value of 7 is 27.3% above this benchmark. Historically, Les Eaux Minerales d'Oulmes' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.50, Les Eaux Minerales d'Oulmes 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 Beverages - Non-Alcoholic company?
The median Piotroski F-Score among Beverages - Non-Alcoholic companies is 5.50, based on 112 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. Les Eaux Minerales d'Oulmes's current Piotroski F-Score of 7 is 27.3% 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 Les Eaux Minerales d'Oulmes and its competitors. For the Beverages - Non-Alcoholic industry, the median Piotroski F-Score is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Les Eaux Minerales d'Oulmes's current Piotroski F-Score is 7, which is 17% 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 Les Eaux Minerales d'Oulmes stock overvalued right now?
Based on GuruFocus' analysis, Les Eaux Minerales d'Oulmes (CAS:OUL) is currently considered Modestly Undervalued. The stock's GF Value™ is MAD1,676.80, compared to a current price of MAD1,224.00 — trading 27% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 27.3% above the Beverages - Non-Alcoholic industry median of 5.50. Les Eaux Minerales d'Oulmes' overall GF Score™ is 25/100 with 5 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 Les Eaux Minerales d'Oulmes (CAS:OUL), the current Piotroski F-Score is 7 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 Les Eaux Minerales d'Oulmes (CAS:OUL) Overvalued in 2026?

Based on GuruFocus' analysis, Les Eaux Minerales d'Oulmes stock appears to be undervalued. The current stock price of MAD1,224.00 is trading 27% below its estimated GF Value™ of MAD1,676.80. GuruFocus considers Les Eaux Minerales d'Oulmes to be Modestly Undervalued.

Key valuation signals for CAS:OUL:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: MAD1,676.80 vs. price of MAD1,224.00 (27% below fair value)
  • GF Score™: 25/100 with 5 warning signs
  • Industry Position: 27.3% above the Beverages - Non-Alcoholic median (#16 of 112)

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


Les Eaux Minerales d'Oulmes Business Description

Address Industrial zone of Bouskoura, Casablanca, MAR, 20180
Les Eaux Minerales d'Oulmes SA is engaged in production and distribution of mineral water. Its products include natural mineral water under the brands Sidi Ali and Ain Atlas; natural sparkling mineral water under the brands Oulmes and Oulmes fruity bubbles; and table water under the brand Bahia.
25GF Score

Get the complete analysis for CAS:OUL

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

MAD1,224.00
Price
MAD1,676.80
GF Value