Olympic IndustriesDHA:OLYMPIC +0.92%93 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates DHA:OLYMPIC with a GF Score™ of 93/100 and a GF Value™ of BDT168.84 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Olympic Industries ranks worse than 66.93% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Olympic Industries has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Olympic Industries's Piotroski F-Score or its related term are showing as below:
DHA:OLYMPIC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of Olympic Industries was 9. The lowest was 3. And the median was 5.
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.
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.
Olympic Industries Piotroski F-Score Related Terms
Olympic Industries Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Olympic Industries'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.
DHA:OLYMPIC vs MDLZ, HSY, TR: Piotroski F-Score Comparison
For the Confectioners subindustry, Olympic Industries'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.
Olympic Industries Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Olympic Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Olympic Industries's Piotroski F-Score falls into.
* 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 417.48 + 572.456 + 624.634 + 284.764 = BDT1,899 Mil. Cash Flow from Operations was 501.09 + 435.382 + 993.188 + -2.462 = BDT1,927 Mil. Revenue was 6292.237 + 7772.217 + 7704.168 + 7088.188 = BDT28,857 Mil. Gross Profit was 1308.076 + 1908.965 + 1960.566 + 1538.013 = BDT6,716 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(15978.518 + 16178.078 + 17198.032 + 18147.549 + 18471.436) / 5 = BDT17194.7226 Mil. Total Assets at the begining of this year (Mar25) was BDT15,979 Mil. Long-Term Debt & Capital Lease Obligation was BDT456 Mil. Total Current Assets was BDT11,132 Mil. Total Current Liabilities was BDT4,700 Mil.
Net Income was 258.607 + 564.84 + 598.3 + 429.807 = BDT1,852 Mil.
Revenue was 6516.032 + 7535.842 + 7366.775 + 6526.211 = BDT27,945 Mil. Gross Profit was 1235.599 + 1894.239 + 1832.702 + 1600.009 = BDT6,563 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(14699.477 + 14021.323 + 15132.402 + 15550.198 + 15978.518) / 5 = BDT15076.3836 Mil. Total Assets at the begining of last year (Mar24) was BDT14,699 Mil. Long-Term Debt & Capital Lease Obligation was BDT13 Mil. Total Current Assets was BDT10,112 Mil. Total Current Liabilities was BDT3,906 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.
Olympic Industries's current Net Income (TTM) was 1,899.
==> 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.
Olympic Industries's return on assets of this year was 0.11886797. Olympic Industries's return on assets of last year was 0.12596054.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Olympic Industries's gearing of this year was 0.02651831. Olympic Industries's gearing of last year was 0.00088277.
==> 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
Olympic Industries's current ratio of this year was 2.36833269. Olympic Industries's current ratio of last year was 2.58879527.
==> 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.
Olympic Industries's number of shares in issue this year was 199.939. Olympic Industries's number of shares in issue last year was 199.939.
==> 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.
Olympic Industries's gross margin of this year was 0.23272219. Olympic Industries's gross margin of last year was 0.23483922.
==> 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
Olympic Industries's asset turnover of this year was 1.80597537. Olympic Industries's asset turnover of last year was 1.90107852.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Olympic Industries has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Olympic Industries (DHA:OLYMPIC) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Olympic Industries and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Olympic Industries' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Olympic Industries ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Olympic Industries' Piotroski F-Score too high?
Olympic Industries' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Olympic Industries' value of 4 is 20% below this industry median. Based on the distribution chart, Olympic Industries ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Olympic Industries has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Olympic Industries' Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Olympic Industries ranks #1279 out of 1911 companies for Piotroski F-Score. This places Olympic Industries in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Olympic Industries' value of 4 is 20% below this benchmark. Historically, Olympic Industries' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Olympic Industries 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Olympic Industries's current Piotroski F-Score of 4 is 20% 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 Olympic Industries and its competitors. For the Consumer Packaged Goods 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. Olympic Industries's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Olympic Industries stock overvalued right now?
Based on GuruFocus' analysis, Olympic Industries (DHA:OLYMPIC) is currently considered Fairly Valued. The stock's GF Value™ is BDT168.84, compared to a current price of BDT154.20 — trading 8.7% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Olympic Industries' overall GF Score™ is 93/100 with 3 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 Olympic Industries (DHA:OLYMPIC), the current Piotroski F-Score is 4 as of Jun. 27, 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 Olympic Industries (DHA:OLYMPIC) Overvalued in 2026?
Based on GuruFocus' analysis, Olympic Industries stock appears to be undervalued.
The current stock price of BDT154.20 is trading 8.7% below its estimated GF Value™ of BDT168.84.
GuruFocus considers Olympic Industries to be Fairly Valued.
Key valuation signals for DHA:OLYMPIC:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: BDT168.84 vs. price of BDT154.20 (8.7% below fair value)
Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)
No single metric tells the full story. See the DHA:OLYMPIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Olympic Industries PLC is a manufacturer, distributor, and marketer of biscuits and fast-moving consumer goods in Bangladesh. The company's products are distributed into biscuits including Energy Plus, Coconut Plus, First Choice, Crack Jack, Tim Tim, Marie Gold, and Namkin among others; cookies and bakery including Badami cookies, dry cake, and daily toast; confectionery including Green Mango, Ripe Mango, cool, energy, among others and batteries that include Olympic Gold, Olympic Laser, Olympic Heavy Duty, among others. It has two business units namely Battery and Biscuit, confectionery, bakery & snacks. The majority of its revenue is generated from the Biscuit, confectionery and bakery & snacks division.
93GF Score
Get the complete analysis for DHA:OLYMPIC
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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