Dorel Industries (FRA:DO4B) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 20% Below Median


FRA:DO4B Dorel Industries Inc FRA:DO4B
54 GF Score
Price €1.05
GF Value €2.11
! 3 Warning Signs
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What is Dorel Industries Piotroski F-Score?

Dorel Industries FRA:DO4B +9.95% 54 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates FRA:DO4B with a GF Score™ of 54/100 and a GF Value™ of €2.11. The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Dorel Industries ranks worse than 66.93% 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

Dorel Industries 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 Dorel Industries's Piotroski F-Score or its related term are showing as below:

FRA:DO4B' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Dorel Industries was 7. The lowest was 3. And the median was 5.

Dorel Industries  (FRA:DO4B) 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.


Dorel Industries Piotroski F-Score Related Terms


Dorel Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Dorel Industries'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.

Dorel Industries Piotroski F-Score Chart

Dorel Industries 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 4.00 3.00 5.00 5.00 6.00

Dorel Industries 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 4.00 4.00 3.00 6.00 4.00

FRA:DO4B vs PG, CL, KVUE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Dorel Industries'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.


Dorel Industries Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dorel Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Dorel Industries's Piotroski F-Score falls into.


FRA:DO4B
54GF Score
Dorel Industries Inc FRA:DO4B
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -38.958 + -40.423 + -20.998 + -21.526 = €-121.9 Mil.
Cash Flow from Operations was 53.539 + -25.01 + -37.58 + -7.459 = €-16.5 Mil.
Revenue was 253.503 + 254.377 + 238.216 + 231.682 = €977.8 Mil.
Gross Profit was 42.954 + 40.796 + 47.922 + 50.083 = €181.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(731.702 + 633.246 + 711.071 + 614.98 + 599.155) / 5 = €658.0308 Mil.
Total Assets at the begining of this year (Mar25) was €731.7 Mil.
Long-Term Debt & Capital Lease Obligation was €296.4 Mil.
Total Current Assets was €402.1 Mil.
Total Current Liabilities was €322.3 Mil.
Net Income was -55.258 + -19.732 + -69.723 + -23.356 = €-168.1 Mil.

Revenue was 323.364 + 319.152 + 312.138 + 296.422 = €1,251.1 Mil.
Gross Profit was 61.482 + 59.079 + 43.98 + 55.625 = €220.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(881.776 + 847.61 + 829.553 + 766.669 + 731.702) / 5 = €811.462 Mil.
Total Assets at the begining of last year (Mar24) was €881.8 Mil.
Long-Term Debt & Capital Lease Obligation was €120.7 Mil.
Total Current Assets was €509.4 Mil.
Total Current Liabilities was €575.9 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.

Dorel Industries's current Net Income (TTM) was -121.9. ==> Negative ==> Score 0.

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.

Dorel Industries's current Cash Flow from Operations (TTM) was -16.5. ==> Negative ==> Score 0.

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)
=-121.905/731.702
=-0.16660471

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-168.069/881.776
=-0.19060283

Dorel Industries's return on assets of this year was -0.16660471. Dorel Industries's return on assets of last year was -0.19060283. ==> 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.

Dorel Industries's current Net Income (TTM) was -121.9. Dorel Industries's current Cash Flow from Operations (TTM) was -16.5. ==> -16.5 > -121.9 ==> 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
=296.371/658.0308
=0.45039077

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=120.661/811.462
=0.14869581

Dorel Industries's gearing of this year was 0.45039077. Dorel Industries's gearing of last year was 0.14869581. ==> 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
=402.13/322.266
=1.24782012

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=509.415/575.945
=0.8844855

Dorel Industries's current ratio of this year was 1.24782012. Dorel Industries's current ratio of last year was 0.8844855. ==> 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.

Dorel Industries's number of shares in issue this year was 34.327. Dorel Industries's number of shares in issue last year was 32.637. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=181.755/977.778
=0.18588575

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=220.166/1251.076
=0.17598132

Dorel Industries's gross margin of this year was 0.18588575. Dorel Industries's gross margin of last year was 0.17598132. ==> 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 (Mar25)
=977.778/731.702
=1.33630631

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1251.076/881.776
=1.41881385

Dorel Industries's asset turnover of this year was 1.33630631. Dorel Industries's asset turnover of last year was 1.41881385. ==> 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
=0+0+1+1+0+1+0+1+0
=4

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

Dorel Industries 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?
Dorel Industries (FRA:DO4B) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dorel Industries and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Dorel Industries' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Dorel Industries ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Dorel Industries' Piotroski F-Score too high?
Dorel Industries' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Dorel Industries' value of 4 is 20% below this industry median. Based on the distribution chart, Dorel Industries ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Dorel Industries has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Dorel Industries' Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Dorel Industries ranks #1279 out of 1911 companies for Piotroski F-Score. This places Dorel Industries in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Dorel Industries' value of 4 is 20% below this benchmark. Historically, Dorel Industries' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Dorel Industries 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Dorel Industries'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 Dorel Industries and its competitors. For the Consumer Packaged Goods 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. Dorel Industries's current Piotroski F-Score is 4, which is 20% below 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 Dorel Industries stock overvalued right now?
Dorel Industries (FRA:DO4B) has a current Piotroski F-Score of 4. The stock's GF Value™ is €2.11, compared to a current price of €1.05 — trading 50.2% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Dorel Industries' overall GF Score™ is 54/100 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 Dorel Industries (FRA:DO4B), the current Piotroski F-Score is 4 as of Jun. 27, 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 Dorel Industries (FRA:DO4B) Overvalued in 2026?

Based on GuruFocus' analysis, Dorel Industries stock appears to be undervalued. The current stock price of €1.05 is trading 50.2% below its estimated GF Value™ of €2.11.

Key valuation signals for FRA:DO4B:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: €2.11 vs. price of €1.05 (50.2% below fair value)
  • GF Score™: 54/100 with 3 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)

No single metric tells the full story. See the FRA:DO4B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dorel Industries Business Description

Address 1255 Greene Avenue, Suite 300, Westmount, QC, CAN, H3Z 2A4
Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its reporting segments include Dorel Home and Dorel Juvenile. Maximum revenue is generated from the Dorel Juvenile segment, which is engaged in the design, sourcing, manufacturing, distribution, and retail of children's accessories which include infant car seats, strollers, high chairs, and infant health and safety aids. The Dorel Home segment specializes in the sale of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items. Geographically, it derives key revenue from the United States, followed by Europe, Latin America, Canada, Asia, and other regions.
54GF Score

Get the complete analysis for FRA:DO4B

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

€1.05
Price
€2.11
GF Value