DP World (DFM:DPW) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 17% Below Median


What is DP World Piotroski F-Score?

DP World DFM:DPW Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. The stock has 9 warning signs investors should review.

The zones of discrimination were as such:

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

DP World has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

DFM:DPW' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

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

DP World  (DFM:DPW) 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.


DP World Piotroski F-Score Related Terms


DP World Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DP World'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.

DP World Piotroski F-Score Chart

DP World Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 6.00 6.00 5.00

DP World Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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 6.00 0.00 5.00

DFM:DPW vs KEX: Piotroski F-Score Comparison

For the Marine Shipping subindustry, DP World'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.


DP World Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, DP World's Piotroski F-Score distribution charts can be found below:

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


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 (Dec19) TTM:Last Year (Dec18) TTM:
Net Income was د.إ4,366.81 Mil.
Cash Flow from Operations was د.إ8,278.38 Mil.
Revenue was د.إ26,105.03 Mil.
Gross Profit was د.إ9,073.12 Mil.
Average Total Assets from the begining of this year (Dec18)
to the end of this year (Dec19) was (97387.471 + 125116.745) / 2 = د.إ111252.108 Mil.
Total Assets at the begining of this year (Dec18) was د.إ97,387.47 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ55,689.16 Mil.
Total Current Assets was د.إ18,847.52 Mil.
Total Current Liabilities was د.إ15,476.04 Mil.
Net Income was د.إ4,762.17 Mil.

Revenue was د.إ18,544.53 Mil.
Gross Profit was د.إ7,015.43 Mil.
Average Total Assets from the begining of last year (Dec17)
to the end of last year (Dec18) was (84900.785 + 97387.471) / 2 = د.إ91144.128 Mil.
Total Assets at the begining of last year (Dec17) was د.إ84,900.79 Mil.
Long-Term Debt & Capital Lease Obligation was د.إ37,457.40 Mil.
Total Current Assets was د.إ16,052.41 Mil.
Total Current Liabilities was د.إ10,170.37 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.

DP World's current Net Income (TTM) was 4,366.81. ==> 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.

DP World's current Cash Flow from Operations (TTM) was 8,278.38. ==> 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 (Dec18)
=4366.81/97387.471
=0.04483955

ROA (Last Year)=Net Income/Total Assets (Dec17)
=4762.169/84900.785
=0.05609099

DP World's return on assets of this year was 0.04483955. DP World's return on assets of last year was 0.05609099. ==> Last year is higher ==> Score 0.

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.

DP World's current Net Income (TTM) was 4,366.81. DP World's current Cash Flow from Operations (TTM) was 8,278.38. ==> 8,278.38 > 4,366.81 ==> 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: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=55689.156/111252.108
=0.5005672

Gearing (Last Year: Dec18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec17 to Dec18
=37457.403/91144.128
=0.41096891

DP World's gearing of this year was 0.5005672. DP World's gearing of last year was 0.41096891. ==> 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: Dec19)=Total Current Assets/Total Current Liabilities
=18847.517/15476.035
=1.21785179

Current Ratio (Last Year: Dec18)=Total Current Assets/Total Current Liabilities
=16052.411/10170.372
=1.57835043

DP World's current ratio of this year was 1.21785179. DP World's current ratio of last year was 1.57835043. ==> 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.

DP World's number of shares in issue this year was 860.806. DP World's number of shares in issue last year was 867.476. ==> 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
=9073.121/26105.029
=0.34756219

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7015.43/18544.526
=0.37830193

DP World's gross margin of this year was 0.34756219. DP World's gross margin of last year was 0.37830193. ==> 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 (Dec18)
=26105.029/97387.471
=0.26805326

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec17)
=18544.526/84900.785
=0.21842585

DP World's asset turnover of this year was 0.26805326. DP World's asset turnover of last year was 0.21842585. ==> 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+0+1+0+0+1+0+1
=5

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

DP World has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
DP World (DFM:DPW) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DP World and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, DP World's Piotroski F-Score has ranged from 4.00 to 9.00.
Is DP World's Piotroski F-Score too high?
DP World's current Piotroski F-Score of 5 is 17% below 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 Transportation industry median Piotroski F-Score is 6.00. DP World's value of 5 is 16.7% below this industry median.
How does DP World's Piotroski F-Score compare to KEX?
DP World's Piotroski F-Score of 5 can be compared against companies in the Transportation industry. The industry median Piotroski F-Score is 6.00. DP World's value of 5 is 16.7% below this benchmark. Historically, DP World'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 6.00, DP World has consistently been below 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. DP World's current Piotroski F-Score of 5 is 16.7% below 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 DP World and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DP World's current Piotroski F-Score is 5, which is 17% below 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 DP World stock overvalued right now?
DP World (DFM:DPW) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the Transportation industry median of 6.00. 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 DP World (DFM:DPW), the current Piotroski F-Score is 5 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.

DP World Business Description

Address Office 27, Level 3, Gate Village Building 4, PO Box 17000, Dubai International Financial Centre, Dubai, ARE
DP World PLC is a transportation and logistics company, domiciled in the United Arab Emirates. The company develops and manages international marine and inland terminal facilities, operates industrial parks and economic zones, and provides logistics services. DP World organises itself into three geographical segments: Asia-Pacific and the Indian subcontinent; Australia and Americas; and the Middle East, Europe, and Africa. The company derives the vast majority of revenue from the Middle East, Europe, and Africa.