DIN (Dine Brands Global) Piotroski F-Score: 6 (As of Jun. 24, 2026) — Near Median


DIN Dine Brands Global Inc DIN
70 GF Score
Price $33.85
GF Value $39.28
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Dine Brands Global Piotroski F-Score?

Dine Brands Global DIN +1.71% 70 Piotroski F-Score is 6 as of Jun. 24, 2026, which is at its 10-year median of 6.00. GuruFocus rates DIN with a GF Score™ of 70/100 and a GF Value™ of $39.28 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 357 Restaurants companies, Dine Brands Global ranks better than 73.95% 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

Dine Brands Global has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

DIN' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Dine Brands Global was 8. The lowest was 2. And the median was 6.

Dine Brands Global  (NYSE:DIN) 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.


Dine Brands Global Piotroski F-Score Related Terms


Dine Brands Global Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Dine Brands Global'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.

Dine Brands Global Piotroski F-Score Chart

Dine Brands Global 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 7.00 6.00 7.00 6.00 6.00

Dine Brands Global Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.00 6.00 6.00 6.00

DIN vs NATH, LOCO, PTLO: Piotroski F-Score Comparison

For the Restaurants subindustry, Dine Brands Global'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.


Dine Brands Global Piotroski F-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Dine Brands Global's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dine Brands Global's Piotroski F-Score falls into.


DIN
70GF Score
Dine Brands Global Inc DIN
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 13.814 + 7.326 + -12.237 + 7.4 = $16.3 Mil.
Cash Flow from Operations was 37.005 + 30.197 + 5.698 + 7.5 = $80.4 Mil.
Revenue was 230.784 + 216.166 + 217.67 + 225.2 = $889.8 Mil.
Gross Profit was 92.229 + 84.553 + 92.208 + 87.3 = $356.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1766.34 + 1789.947 + 1773.858 + 1737.7 + 1688.7) / 5 = $1751.309 Mil.
Total Assets at the begining of this year (Mar25) was $1,766.3 Mil.
Long-Term Debt & Capital Lease Obligation was $1,542.7 Mil.
Total Current Assets was $283.7 Mil.
Total Current Liabilities was $320.3 Mil.
Net Income was 23.182 + 19.061 + 5.184 + 8.2 = $55.6 Mil.

Revenue was 206.267 + 195.034 + 204.764 + 214.8 = $820.9 Mil.
Gross Profit was 99.271 + 93.319 + 85.286 + 90.3 = $368.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1695.209 + 1693.502 + 1699.539 + 1790.6 + 1766.34) / 5 = $1729.038 Mil.
Total Assets at the begining of last year (Mar24) was $1,695.2 Mil.
Long-Term Debt & Capital Lease Obligation was $1,465.5 Mil.
Total Current Assets was $360.1 Mil.
Total Current Liabilities was $414.7 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.

Dine Brands Global's current Net Income (TTM) was 16.3. ==> 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.

Dine Brands Global's current Cash Flow from Operations (TTM) was 80.4. ==> 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 (Mar25)
=16.303/1766.34
=0.00922982

ROA (Last Year)=Net Income/Total Assets (Mar24)
=55.627/1695.209
=0.03281424

Dine Brands Global's return on assets of this year was 0.00922982. Dine Brands Global's return on assets of last year was 0.03281424. ==> 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.

Dine Brands Global's current Net Income (TTM) was 16.3. Dine Brands Global's current Cash Flow from Operations (TTM) was 80.4. ==> 80.4 > 16.3 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1542.7/1751.309
=0.88088396

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1465.48/1729.038
=0.84756957

Dine Brands Global's gearing of this year was 0.88088396. Dine Brands Global's gearing of last year was 0.84756957. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=283.7/320.3
=0.88573213

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=360.121/414.679
=0.86843317

Dine Brands Global's current ratio of this year was 0.88573213. Dine Brands Global's current ratio of last year was 0.86843317. ==> 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.

Dine Brands Global's number of shares in issue this year was 12.6. Dine Brands Global's number of shares in issue last year was 14.9. ==> 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
=356.29/889.82
=0.40040682

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=368.176/820.865
=0.44852199

Dine Brands Global's gross margin of this year was 0.40040682. Dine Brands Global's gross margin of last year was 0.44852199. ==> 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 (Mar25)
=889.82/1766.34
=0.50376485

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=820.865/1695.209
=0.48422643

Dine Brands Global's asset turnover of this year was 0.50376485. Dine Brands Global's asset turnover of last year was 0.48422643. ==> 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+1+1+0+1
=6

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

Dine Brands Global has an F-score of 6 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 6 mean?
Dine Brands Global (DIN) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dine Brands Global and its competitors. This is near median its historical median of 6.00. Over the past decade, Dine Brands Global's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Dine Brands Global ranks #93 out of 357 companies in the Restaurants industry, placing it in the top 26.1%.
Is Dine Brands Global's Piotroski F-Score too high?
Dine Brands Global's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Restaurants industry median Piotroski F-Score is 5.00. Dine Brands Global's value of 6 is 20% above this industry median. Based on the distribution chart, Dine Brands Global ranks #93 out of 357 companies in the Restaurants industry, which is above the industry midpoint. Overall, Dine Brands Global has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dine Brands Global's Piotroski F-Score compare to NATH and LOCO?
According to the Restaurants industry distribution chart, Dine Brands Global ranks #93 out of 357 companies for Piotroski F-Score. This puts Dine Brands Global in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Dine Brands Global's value of 6 is 20% above this benchmark. Historically, Dine Brands Global's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Dine Brands Global 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 Restaurants company?
The median Piotroski F-Score among Restaurants companies is 5.00, based on 357 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. Dine Brands Global's current Piotroski F-Score of 6 is 20% 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 Dine Brands Global and its competitors. For the Restaurants 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. Dine Brands Global's current Piotroski F-Score is 6, which is near 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 Dine Brands Global stock overvalued right now?
Based on GuruFocus' analysis, Dine Brands Global (DIN) is currently considered Modestly Undervalued. The stock's GF Value™ is $39.28, compared to a current price of $33.85 — trading 13.8% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Restaurants industry median of 5.00. Dine Brands Global's overall GF Score™ is 70/100 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 Dine Brands Global (DIN), the current Piotroski F-Score is 6 as of Jun. 24, 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 Dine Brands Global (DIN) Overvalued in 2026?

Based on GuruFocus' analysis, Dine Brands Global stock appears to be undervalued. The current stock price of $33.85 is trading 13.8% below its estimated GF Value™ of $39.28. GuruFocus considers Dine Brands Global to be Modestly Undervalued.

Key valuation signals for DIN:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $39.28 vs. price of $33.85 (13.8% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 20% above the Restaurants median (#93 of 357)

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


Dine Brands Global Business Description

Other Exchanges IHP:Germany
Address 10 West Walnut Street, 5th Floor, Pasadena, CA, USA, 91103
Dine Brands Global Inc owns and franchises thousands of restaurants under the International House of Pancakes (IHOP), Applebee's Neighborhood Grill + Bar (Applebee's), and the Fuzzy's Taco Shop (Fuzzy's) names. The company conducts its business through three reportable segments: Franchise, Company-owned restaurants, and Rental. The majority of its revenue is generated from the Franchise segment, which consists of IHOP, Applebee's, and Fuzzy's franchise operations and generates revenue mainly from royalties and advertising fees from several IHOP, Applebee's, and Fuzzy's franchised restaurants, in addition to revenues from the sale of proprietary IHOP and Fuzzy's products to its franchisees. Geographically, the majority of the company's revenues is generated from its domestic market.
70GF Score

Get the complete analysis for DIN

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

$33.85
Price
$39.28
GF Value