Douglas AG (FRA:DOU) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 29% Below Median


FRA:DOU Douglas AG FRA:DOU
27 GF Score
Price €7.89
! 3 Warning Signs
View Full Analysis

What is Douglas AG Piotroski F-Score?

Douglas AG FRA:DOU +1.28% 27 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates FRA:DOU with a GF Score™ of 27/100. The stock has 3 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Douglas AG ranks better than 50.32% 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

Douglas AG 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 Douglas AG's Piotroski F-Score or its related term are showing as below:

FRA:DOU' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 8
Current: 5

During the past 8 years, the highest Piotroski F-Score of Douglas AG was 8. The lowest was 5. And the median was 7.

Douglas AG  (FRA:DOU) 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.


Douglas AG Piotroski F-Score Related Terms


Douglas AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Douglas AG'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.

Douglas AG Piotroski F-Score Chart

Douglas AG Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 6.00 8.00 7.00 6.00

Douglas AG 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 7.00 7.00 6.00 7.00 5.00

FRA:DOU vs CASY, WSM, ULTA: Piotroski F-Score Comparison

For the Specialty Retail subindustry, Douglas AG'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.


Douglas AG Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Douglas AG's Piotroski F-Score distribution charts can be found below:

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


FRA:DOU
27GF Score
Douglas AG FRA:DOU
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 17.3 + 14.1 + 144.8 + -124.6 = €52 Mil.
Cash Flow from Operations was 148.2 + 103.4 + 504.9 + -141.5 = €615 Mil.
Revenue was 1008.1 + 981.8 + 1673.8 + 949.7 = €4,613 Mil.
Gross Profit was 457.1 + 437.4 + 710 + 422.8 = €2,027 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4549.4 + 4573.1 + 4695.9 + 5221.3 + 4722.9) / 5 = €4752.52 Mil.
Total Assets at the begining of this year (Mar25) was €4,549 Mil.
Long-Term Debt & Capital Lease Obligation was €2,045 Mil.
Total Current Assets was €1,387 Mil.
Total Current Liabilities was €1,513 Mil.
Net Income was -71.6 + 71.8 + 163 + -19 = €144 Mil.

Revenue was 977.1 + 959.9 + 1646.4 + 939 = €4,522 Mil.
Gross Profit was 457.1 + 440.7 + 717.1 + 424.5 = €2,039 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5069.6 + 4314.7 + 4481.3 + 5016.2 + 4549.4) / 5 = €4686.24 Mil.
Total Assets at the begining of last year (Mar24) was €5,070 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €1,262 Mil.
Total Current Liabilities was €1,477 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.

Douglas AG's current Net Income (TTM) was 52. ==> 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.

Douglas AG's current Cash Flow from Operations (TTM) was 615. ==> 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 (Mar25)
=51.6/4549.4
=0.01134216

ROA (Last Year)=Net Income/Total Assets (Mar24)
=144.2/5069.6
=0.02844406

Douglas AG's return on assets of this year was 0.01134216. Douglas AG's return on assets of last year was 0.02844406. ==> 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.

Douglas AG's current Net Income (TTM) was 52. Douglas AG's current Cash Flow from Operations (TTM) was 615. ==> 615 > 52 ==> 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
=2045.3/4752.52
=0.43036116

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/4686.24
=0

Douglas AG's gearing of this year was 0.43036116. Douglas AG's gearing of last year was 0. ==> 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
=1386.5/1513.1
=0.91633071

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1261.9/1477.2
=0.85425129

Douglas AG's current ratio of this year was 0.91633071. Douglas AG's current ratio of last year was 0.85425129. ==> 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.

Douglas AG's number of shares in issue this year was 107.414. Douglas AG's number of shares in issue last year was 105.556. ==> 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
=2027.3/4613.4
=0.43943729

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2039.4/4522.4
=0.45095525

Douglas AG's gross margin of this year was 0.43943729. Douglas AG's gross margin of last year was 0.45095525. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=4613.4/4549.4
=1.01406779

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=4522.4/5069.6
=0.89206249

Douglas AG's asset turnover of this year was 1.01406779. Douglas AG's asset turnover of last year was 0.89206249. ==> This year's asset turnover is higher. ==> Score 1.

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+1+0+1+0+0+1
=5

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

Douglas AG has an F-score of 5 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 5 mean?
Douglas AG (FRA:DOU) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Douglas AG and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Douglas AG's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Douglas AG ranks #547 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 49.7%.
Is Douglas AG's Piotroski F-Score too high?
Douglas AG's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Douglas AG's value of 5 is 0% at this industry median. Based on the distribution chart, Douglas AG ranks #547 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Douglas AG has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Douglas AG's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Douglas AG ranks #547 out of 1101 companies for Piotroski F-Score. This puts Douglas AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Douglas AG's value of 5 is 0% at this benchmark. Historically, Douglas AG's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Douglas AG 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. Douglas AG's current Piotroski F-Score of 5 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 Douglas AG and its competitors. For the Retail - Cyclical 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. Douglas AG's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Douglas AG stock overvalued right now?
Douglas AG (FRA:DOU) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 0% at the Retail - Cyclical industry median of 5.00. Douglas AG's overall GF Score™ is 27/100 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 Douglas AG (FRA:DOU), the current Piotroski F-Score is 5 as of Jun. 26, 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.

Douglas AG Business Description

Address Luise-Rainer-Street 7-11, Dusseldorf, DEU, 40235
Douglas AG is engaged in the omnichannel premium beauty destination in Europe in both its store and E-commerce channels. Italy. It has 1,850 stores and operates on E-Commerce platforms.
27GF Score

Get the complete analysis for FRA:DOU

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

€7.89
Price