Aamal Co QSC (DSMD:AHCS) Piotroski F-Score: 4 (As of Aug. 12, 2026) — Near Median

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DSMD:AHCS Aamal Co QSC DSMD:AHCS
61 GF Score
Price ر.ق0.72
GF Value ر.ق0.78
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Aamal Co QSC Piotroski F-Score?

Aamal Co QSC DSMD:AHCS +0.56% 61 Piotroski F-Score is 4 as of Aug. 12, 2026, which is at its 10-year median of 4.00. GuruFocus rates DSMD:AHCS with a GF Score™ of 61/100 and a GF Value™ of ر.ق0.78 (Fairly Valued). The stock has 5 warning signs investors should review. Among 543 Conglomerates companies, Aamal Co QSC ranks better than 50.64% 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

Aamal Co QSC 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 Aamal Co QSC's Piotroski F-Score or its related term are showing as below:

DSMD:AHCS' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Aamal Co QSC was 7. The lowest was 2. And the median was 4.

Aamal Co QSC  (DSMD:AHCS) 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.


Aamal Co QSC Piotroski F-Score Related Terms


Aamal Co QSC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aamal Co QSC'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.

Aamal Co QSC Piotroski F-Score Chart

Aamal Co QSC 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 6.00 4.00 7.00 5.00 4.00

Aamal Co QSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.00 4.00 5.00 4.00

DSMD:AHCS vs MMM, HON: Piotroski F-Score Comparison

For the Conglomerates subindustry, Aamal Co QSC'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.


Aamal Co QSC Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aamal Co QSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Aamal Co QSC's Piotroski F-Score falls into.


DSMD:AHCS
61GF Score
Aamal Co QSC DSMD:AHCS
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 105.974 + 116.068 + 90.659 + 102.062 = ر.ق415 Mil.
Cash Flow from Operations was 0 + 0 + 44.962 + 28.259 = ر.ق73 Mil.
Revenue was 494.203 + 431.241 + 464.754 + 585.435 = ر.ق1,976 Mil.
Gross Profit was 124.301 + 128.578 + 124.154 + 137.937 = ر.ق515 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(9188.592 + 9289.624 + 9741.622 + 9886.953 + 10023.4) / 5 = ر.ق9626.0382 Mil.
Total Assets at the begining of this year (Jun25) was ر.ق9,189 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق718 Mil.
Total Current Assets was ر.ق1,506 Mil.
Total Current Liabilities was ر.ق978 Mil.
Net Income was 114.048 + 130.136 + 101.81 + 119.48 = ر.ق465 Mil.

Revenue was 552.947 + 502.643 + 580.319 + 489.805 = ر.ق2,126 Mil.
Gross Profit was 131.077 + 123.034 + 128.722 + 133.059 = ر.ق516 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(8992.568 + 9076.139 + 9346.648 + 9534.362 + 9188.592) / 5 = ر.ق9227.6618 Mil.
Total Assets at the begining of last year (Jun24) was ر.ق8,993 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق288 Mil.
Total Current Assets was ر.ق1,164 Mil.
Total Current Liabilities was ر.ق663 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.

Aamal Co QSC's current Net Income (TTM) was 415. ==> 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.

Aamal Co QSC's current Cash Flow from Operations (TTM) was 73. ==> 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 (Jun25)
=414.763/9188.592
=0.04513891

ROA (Last Year)=Net Income/Total Assets (Jun24)
=465.474/8992.568
=0.05176208

Aamal Co QSC's return on assets of this year was 0.04513891. Aamal Co QSC's return on assets of last year was 0.05176208. ==> 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.

Aamal Co QSC's current Net Income (TTM) was 415. Aamal Co QSC's current Cash Flow from Operations (TTM) was 73. ==> 73 <= 415 ==> CFROA <= ROA ==> Score 0.

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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=717.754/9626.0382
=0.0745638

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=287.939/9227.6618
=0.0312039

Aamal Co QSC's gearing of this year was 0.0745638. Aamal Co QSC's gearing of last year was 0.0312039. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=1505.664/977.677
=1.54004237

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1163.592/662.685
=1.75587496

Aamal Co QSC's current ratio of this year was 1.54004237. Aamal Co QSC's current ratio of last year was 1.75587496. ==> 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.

Aamal Co QSC's number of shares in issue this year was 6300. Aamal Co QSC's number of shares in issue last year was 6300. ==> 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
=514.97/1975.633
=0.26066076

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=515.892/2125.714
=0.24269116

Aamal Co QSC's gross margin of this year was 0.26066076. Aamal Co QSC's gross margin of last year was 0.24269116. ==> 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 (Jun25)
=1975.633/9188.592
=0.21500933

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=2125.714/8992.568
=0.23638565

Aamal Co QSC's asset turnover of this year was 0.21500933. Aamal Co QSC's asset turnover of last year was 0.23638565. ==> 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+0+0+0+0+1+1+0
=4

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

Aamal Co QSC has an F-score of 4 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 4 mean?
Aamal Co QSC (DSMD:AHCS) has a Piotroski F-Score of 4 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aamal Co QSC and its competitors. This is near median its historical median of 4.00. Over the past decade, Aamal Co QSC's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Aamal Co QSC ranks #268 out of 543 companies in the Conglomerates industry, placing it in the top 49.4%.
Is Aamal Co QSC's Piotroski F-Score too high?
Aamal Co QSC's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. Aamal Co QSC's value of 4 is 20% below this industry median. Based on the distribution chart, Aamal Co QSC ranks #268 out of 543 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Aamal Co QSC has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aamal Co QSC's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Aamal Co QSC ranks #268 out of 543 companies for Piotroski F-Score. This puts Aamal Co QSC in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Aamal Co QSC's value of 4 is 20% below this benchmark. Historically, Aamal Co QSC's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Aamal Co QSC 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 543 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. Aamal Co QSC'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 Aamal Co QSC and its competitors. For the Conglomerates 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. Aamal Co QSC's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aamal Co QSC stock overvalued right now?
Based on GuruFocus' analysis, Aamal Co QSC (DSMD:AHCS) is currently considered Fairly Valued. The stock's GF Value™ is ر.ق0.78, compared to a current price of ر.ق0.72 — trading 8.2% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Conglomerates industry median of 5.00. Aamal Co QSC's overall GF Score™ is 61/100 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 Aamal Co QSC (DSMD:AHCS), the current Piotroski F-Score is 4 as of Aug. 12, 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 Aamal Co QSC (DSMD:AHCS) Overvalued in 2026?

Based on GuruFocus' analysis, Aamal Co QSC stock appears to be undervalued. The current stock price of ر.ق0.72 is trading 8.2% below its estimated GF Value™ of ر.ق0.78. GuruFocus considers Aamal Co QSC to be Fairly Valued.

Key valuation signals for DSMD:AHCS:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: ر.ق0.78 vs. price of ر.ق0.72 (8.2% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 20% below the Conglomerates median (#268 of 543)

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


Aamal Co QSC Business Description

Address P.O. Box 22477, Doha, QAT
Aamal Co QSC provides services to diversified industry sectors. Its operating segments include property, trading and distribution, industrial manufacturing and managed services. The company generates maximum revenue from the trading and distribution segment. It's trading and distribution segment represents a wholesale and retail distribution of pharmaceutical and consumable items, home appliances, medical equipment, tires and lubricants and industrial printing.
61GF Score

Get the complete analysis for DSMD:AHCS

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

ر.ق0.72
Price
ر.ق0.78
GF Value