Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Dlala Brokerage & Investment Holding Co (QSC) Piotroski F-Score Related Terms
Dlala Brokerage & Investment Holding Co (QSC) Piotroski F-Score Historical Data
* 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.
Dlala Brokerage & Investment Holding Co (QSC) Piotroski F-Score Chart
Dlala Brokerage & Investment Holding Co (QSC) Annual Data
DSMD:DBIS vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Dlala Brokerage & Investment Holding 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.
Dlala Brokerage & Investment Holding Co (QSC) Piotroski F-Score vs Capital Markets Industry
* 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.
*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.
Dlala Brokerage & Investment Holding Co (QSC)'s current Net Income (TTM) was 2.47.
==> 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.
Dlala Brokerage & Investment Holding Co (QSC)'s current Cash Flow from Operations (TTM) was 7.47.
==> 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.
Dlala Brokerage & Investment Holding Co (QSC)'s return on assets of this year was 0.00571462. Dlala Brokerage & Investment Holding Co (QSC)'s return on assets of last year was 0.00120389.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Dlala Brokerage & Investment Holding Co (QSC)'s gearing of this year was 0. Dlala Brokerage & Investment Holding Co (QSC)'s gearing of last year was 0.
==> This year is lower or equal to last year. ==> Score 1.
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
Dlala Brokerage & Investment Holding Co (QSC)'s current ratio of this year was 1.39562923. Dlala Brokerage & Investment Holding Co (QSC)'s current ratio of last year was 1.5822878.
==> 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.
Dlala Brokerage & Investment Holding Co (QSC)'s number of shares in issue this year was 190.387. Dlala Brokerage & Investment Holding Co (QSC)'s number of shares in issue last year was 190.387.
==> 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.
Dlala Brokerage & Investment Holding Co (QSC)'s gross margin of this year was 0.22225656. Dlala Brokerage & Investment Holding Co (QSC)'s gross margin of last year was -0.17753425.
==> 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
Dlala Brokerage & Investment Holding Co (QSC)'s asset turnover of this year was 0.06746352. Dlala Brokerage & Investment Holding Co (QSC)'s asset turnover of last year was 0.04585245.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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8
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Dlala Brokerage & Investment Holding Co (QSC) has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS) has a Piotroski F-Score of 8 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dlala Brokerage & Investment Holding Co (QSC) and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Dlala Brokerage & Investment Holding Co (QSC)'s Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Dlala Brokerage & Investment Holding Co (QSC) ranks #13 out of 785 companies in the Capital Markets industry, placing it in the top 1.7%.
Is Dlala Brokerage & Investment Holding Co (QSC)'s Piotroski F-Score too high?
Dlala Brokerage & Investment Holding Co (QSC)'s current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Capital Markets industry median Piotroski F-Score is 5.00. Dlala Brokerage & Investment Holding Co (QSC)'s value of 8 is 60% above this industry median. Based on the distribution chart, Dlala Brokerage & Investment Holding Co (QSC) ranks #13 out of 785 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Dlala Brokerage & Investment Holding Co (QSC) has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dlala Brokerage & Investment Holding Co (QSC)'s Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Dlala Brokerage & Investment Holding Co (QSC) ranks #13 out of 785 companies for Piotroski F-Score. This places Dlala Brokerage & Investment Holding Co (QSC) in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Dlala Brokerage & Investment Holding Co (QSC)'s value of 8 is 60% above this benchmark. Historically, Dlala Brokerage & Investment Holding Co (QSC)'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 5.00 vs. the industry median of 5.00, Dlala Brokerage & Investment Holding Co (QSC) 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 785 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. Dlala Brokerage & Investment Holding Co (QSC)'s current Piotroski F-Score of 8 is 60% 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 Dlala Brokerage & Investment Holding Co (QSC) and its competitors. For the Capital Markets 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. Dlala Brokerage & Investment Holding Co (QSC)'s current Piotroski F-Score is 8, which is 60% above 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 Dlala Brokerage & Investment Holding Co (QSC) stock overvalued right now?
Based on GuruFocus' analysis, Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS) is currently considered Fairly Valued. The stock's GF Value™ is ر.ق1.27, compared to a current price of ر.ق1.39 — trading 9.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Capital Markets industry median of 5.00. Dlala Brokerage & Investment Holding Co (QSC)'s overall GF Score™ is 47/100 with 8 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 Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS), the current Piotroski F-Score is 8 as of Jul. 16, 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 Dlala Brokerage & Investment Holding Co (QSC) (DSMD:DBIS) Overvalued in 2026?
Based on GuruFocus' analysis, Dlala Brokerage & Investment Holding Co (QSC) stock appears to be overvalued.
The current stock price of ر.ق1.39 is trading 9.7% above its estimated GF Value™ of ر.ق1.27.
GuruFocus considers Dlala Brokerage & Investment Holding Co (QSC) to be Fairly Valued.
Key valuation signals for DSMD:DBIS:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: ر.ق1.27 vs. price of ر.ق1.39 (9.7% above fair value)
Industry Position: 60% above the Capital Markets median (#13 of 785)
No single metric tells the full story. See the DSMD:DBIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dlala Brokerage & Investment Holding Co (QSC) Business Description
Dlala Brokerage & Investment Holding Co (QSC) is engaged in brokerage activities at QSE, designing, and programming special programs, information technology consultation services, real estate, and other investment activities. The company has three segments; Stock brokerage includes financial services provided to customers as a stockbroker in the QSE, Real estate includes providing property management, marketing, and sales services for real estate clients, and Others represent the operations of the holding Group. It generates a majority of its revenue from the Other segment. The company's operations are located in the State of Qatar.
47GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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