Diana ShippingDSX -4.19%67 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates DSX with a GF Score™ of 67/100 and a GF Value™ of $2.16 (Fairly Valued). The stock has 4 warning signs investors should review. Among 979 Transportation companies, Diana Shipping ranks better than 72.22% 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
Diana Shipping has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Diana Shipping's Piotroski F-Score or its related term are showing as below:
DSX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Diana Shipping was 8. The lowest was 1. 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.
Diana Shipping Piotroski F-Score Related Terms
Diana Shipping Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Diana Shipping'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.
DSX vs SHIP, GASS, SMHI: Piotroski F-Score Comparison
For the Marine Shipping subindustry, Diana Shipping'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.
Diana Shipping Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Diana Shipping's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Diana Shipping'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.
*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.
Diana Shipping's current Net Income (TTM) was 44.0.
==> 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.
Diana Shipping's return on assets of this year was 0.03845417. Diana Shipping's return on assets of last year was 0.01176331.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Diana Shipping's gearing of this year was 0.53380683. Diana Shipping's gearing of last year was 0.53898083.
==> 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
Diana Shipping's current ratio of this year was . Diana Shipping's current ratio of last year was .
==> 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.
Diana Shipping's number of shares in issue this year was 112.265. Diana Shipping's number of shares in issue last year was 109.521.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Diana Shipping's gross margin of this year was 0.34575181. Diana Shipping's gross margin of last year was 0.38006546.
==> 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
Diana Shipping's asset turnover of this year was 0.18654183. Diana Shipping's asset turnover of last year was 0.19383288.
==> 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
+
1
+
0
+
0
+
0
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Diana Shipping has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Diana Shipping (DSX) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Diana Shipping and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Diana Shipping's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Diana Shipping ranks #272 out of 979 companies in the Transportation industry, placing it in the top 27.8%.
Is Diana Shipping's Piotroski F-Score too high?
Diana Shipping's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. Diana Shipping's value of 6 is 0% at this industry median. Based on the distribution chart, Diana Shipping ranks #272 out of 979 companies in the Transportation industry, which is above the industry midpoint. Overall, Diana Shipping has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Diana Shipping's Piotroski F-Score compare to SHIP and GASS?
According to the Transportation industry distribution chart, Diana Shipping ranks #272 out of 979 companies for Piotroski F-Score. This puts Diana Shipping in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Diana Shipping's value of 6 is 0% at this benchmark. Historically, Diana Shipping's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Diana Shipping has consistently been at 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 979 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. Diana Shipping's current Piotroski F-Score of 6 is 0% at 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 Diana Shipping and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diana Shipping's current Piotroski F-Score is 6, which is 20% 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 Diana Shipping stock overvalued right now?
Based on GuruFocus' analysis, Diana Shipping (DSX) is currently considered Fairly Valued. The stock's GF Value™ is $2.16, compared to a current price of $2.06 — trading 4.6% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Transportation industry median of 6.00. Diana Shipping's overall GF Score™ is 67/100 with 4 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 Diana Shipping (DSX), the current Piotroski F-Score is 6 as of Jun. 25, 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 Diana Shipping (DSX) Overvalued in 2026?
Based on GuruFocus' analysis, Diana Shipping stock appears to be undervalued.
The current stock price of $2.06 is trading 4.6% below its estimated GF Value™ of $2.16.
GuruFocus considers Diana Shipping to be Fairly Valued.
Key valuation signals for DSX:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: $2.16 vs. price of $2.06 (4.6% below fair value)
Industry Position: 0% at the Transportation median (#272 of 979)
No single metric tells the full story. See the DSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods, including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers, through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation; the services provided by the vessels are similar, and all operate under the same economic environment.
67GF Score
Get the complete analysis for DSX
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DSX has been successfully added to your 
