Al Mahhar Holding Co QPSC (DSMD:MHAR) Piotroski F-Score: 6 (As of Aug. 30, 2026) — Near Median

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DSMD:MHAR Al Mahhar Holding Co QPSC DSMD:MHAR
93 GF Score
Price ر.ق2.21
GF Value ر.ق2.43
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Al Mahhar Holding Co QPSC Piotroski F-Score?

Al Mahhar Holding Co QPSC DSMD:MHAR +0.32% 93 Piotroski F-Score is 6 as of Aug. 30, 2026, which is at its 10-year median of 6.00. GuruFocus rates DSMD:MHAR with a GF Score™ of 93/100 and a GF Value™ of ر.ق2.43 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,992 Industrial Products companies, Al Mahhar Holding Co QPSC ranks better than 75.2% 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

Al Mahhar Holding Co QPSC 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 Al Mahhar Holding Co QPSC's Piotroski F-Score or its related term are showing as below:

DSMD:MHAR' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 6

During the past 6 years, the highest Piotroski F-Score of Al Mahhar Holding Co QPSC was 7. The lowest was 5. And the median was 6.

Al Mahhar Holding Co QPSC  (DSMD:MHAR) 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.


Al Mahhar Holding Co QPSC Piotroski F-Score Related Terms


Al Mahhar Holding Co QPSC Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Al Mahhar Holding Co QPSC'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.

Al Mahhar Holding Co QPSC Piotroski F-Score Chart

Al Mahhar Holding Co QPSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 5.00 7.00

Al Mahhar Holding Co QPSC Quarterly Data
Dec20 Dec21 Jun22 Dec22 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 6.00 N/A 7.00 N/A 6.00

DSMD:MHAR vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Al Mahhar Holding Co QPSC'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.


Al Mahhar Holding Co QPSC Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Al Mahhar Holding Co QPSC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Al Mahhar Holding Co QPSC's Piotroski F-Score falls into.


DSMD:MHAR
93GF Score
Al Mahhar Holding Co QPSC DSMD:MHAR
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 9.421 + 11.479 + 14.449 + 12.885 = ر.ق48.2 Mil.
Cash Flow from Operations was 20.986 + 16.809 + 48.756 + -9.551 = ر.ق77.0 Mil.
Revenue was 216.277 + 208.33 + 238.66 + 248.311 = ر.ق911.6 Mil.
Gross Profit was 38.694 + 34.305 + 40.627 + 43.474 = ر.ق157.1 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(664.75 + 639.479 + 651.948 + 696.076 + 681.762) / 5 = ر.ق666.803 Mil.
Total Assets at the begining of this year (Jun25) was ر.ق664.8 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق38.5 Mil.
Total Current Assets was ر.ق472.9 Mil.
Total Current Liabilities was ر.ق244.0 Mil.
Net Income was 9.833 + 9.826 + 11.943 + 14.213 = ر.ق45.8 Mil.

Revenue was 223.337 + 237.386 + 239.055 + 260.941 = ر.ق960.7 Mil.
Gross Profit was 35.725 + 36.109 + 39.96 + 44.861 = ر.ق156.7 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(645.722 + 631.226 + 630.506 + 701.743 + 664.75) / 5 = ر.ق654.7894 Mil.
Total Assets at the begining of last year (Jun24) was ر.ق645.7 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ق37.1 Mil.
Total Current Assets was ر.ق488.2 Mil.
Total Current Liabilities was ر.ق245.9 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.

Al Mahhar Holding Co QPSC's current Net Income (TTM) was 48.2. ==> 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.

Al Mahhar Holding Co QPSC's current Cash Flow from Operations (TTM) was 77.0. ==> 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)
=48.234/664.75
=0.07255961

ROA (Last Year)=Net Income/Total Assets (Jun24)
=45.815/645.722
=0.07095159

Al Mahhar Holding Co QPSC's return on assets of this year was 0.07255961. Al Mahhar Holding Co QPSC's return on assets of last year was 0.07095159. ==> This year is higher. ==> Score 1.

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.

Al Mahhar Holding Co QPSC's current Net Income (TTM) was 48.2. Al Mahhar Holding Co QPSC's current Cash Flow from Operations (TTM) was 77.0. ==> 77.0 > 48.2 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=38.52/666.803
=0.05776819

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=37.06/654.7894
=0.05659835

Al Mahhar Holding Co QPSC's gearing of this year was 0.05776819. Al Mahhar Holding Co QPSC's gearing of last year was 0.05659835. ==> 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
=472.887/243.96
=1.93837924

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=488.238/245.865
=1.98579708

Al Mahhar Holding Co QPSC's current ratio of this year was 1.93837924. Al Mahhar Holding Co QPSC's current ratio of last year was 1.98579708. ==> 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.

Al Mahhar Holding Co QPSC's number of shares in issue this year was 207. Al Mahhar Holding Co QPSC's number of shares in issue last year was 207. ==> 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
=157.1/911.578
=0.17233852

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=156.655/960.719
=0.16306017

Al Mahhar Holding Co QPSC's gross margin of this year was 0.17233852. Al Mahhar Holding Co QPSC's gross margin of last year was 0.16306017. ==> 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)
=911.578/664.75
=1.37130951

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=960.719/645.722
=1.48782138

Al Mahhar Holding Co QPSC's asset turnover of this year was 1.37130951. Al Mahhar Holding Co QPSC's asset turnover of last year was 1.48782138. ==> 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+1+1+0+0+1+1+0
=6

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

Al Mahhar Holding Co QPSC 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?
Al Mahhar Holding Co QPSC (DSMD:MHAR) has a Piotroski F-Score of 6 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Al Mahhar Holding Co QPSC and its competitors. This is near median its historical median of 6.00. Over the past decade, Al Mahhar Holding Co QPSC's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Al Mahhar Holding Co QPSC ranks #742 out of 2992 companies in the Industrial Products industry, placing it in the top 24.8%.
Is Al Mahhar Holding Co QPSC's Piotroski F-Score too high?
Al Mahhar Holding Co QPSC'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 5.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Al Mahhar Holding Co QPSC's value of 6 is 20% above this industry median. Based on the distribution chart, Al Mahhar Holding Co QPSC ranks #742 out of 2992 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Al Mahhar Holding Co QPSC has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Al Mahhar Holding Co QPSC's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Al Mahhar Holding Co QPSC ranks #742 out of 2992 companies for Piotroski F-Score. This places Al Mahhar Holding Co QPSC in the top 25% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Al Mahhar Holding Co QPSC's value of 6 is 20% above this benchmark. Historically, Al Mahhar Holding Co QPSC's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Al Mahhar Holding Co QPSC 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,992 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. Al Mahhar Holding Co QPSC'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 Al Mahhar Holding Co QPSC and its competitors. For the Industrial Products 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. Al Mahhar Holding Co QPSC'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 Al Mahhar Holding Co QPSC stock overvalued right now?
Based on GuruFocus' analysis, Al Mahhar Holding Co QPSC (DSMD:MHAR) is currently considered Fairly Valued. The stock's GF Value™ is ر.ق2.43, compared to a current price of ر.ق2.21 — trading 9% 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 Industrial Products industry median of 5.00. Al Mahhar Holding Co QPSC's 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 Al Mahhar Holding Co QPSC (DSMD:MHAR), the current Piotroski F-Score is 6 as of Aug. 30, 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 Al Mahhar Holding Co QPSC (DSMD:MHAR) Overvalued in 2026?

Based on GuruFocus' analysis, Al Mahhar Holding Co QPSC stock appears to be undervalued. The current stock price of ر.ق2.21 is trading 9% below its estimated GF Value™ of ر.ق2.43. GuruFocus considers Al Mahhar Holding Co QPSC to be Fairly Valued.

Key valuation signals for DSMD:MHAR:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ر.ق2.43 vs. price of ر.ق2.21 (9% below fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 20% above the Industrial Products median (#742 of 2992)

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


Al Mahhar Holding Co QPSC Business Description

Address Jaidah Square, Airport Road, P.O. Box 16069, Suite 203D, Old Airport, Doha, QAT
Al Mahhar Holding Co QPSC is a Qatari-based group focused on the energy and infrastructure sectors. Along with its subsidiaries, the company operates in the following reportable segments: Energy Sector and Infrastructure Sector. Maximum revenue is generated from its Energy sector segment, which is engaged in marketing and sale of various products and services related to the oil and gas industry. The Infrastructure sector segment is engaged in trading and rental of industrial construction equipment and other related services. Geographically, the company generates a majority of its revenue from Qatar and the rest from other regions.
93GF Score

Get the complete analysis for DSMD:MHAR

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

ر.ق2.21
Price
ر.ق2.43
GF Value