Aisha Steel MillsKAR:ASL +1.29%58 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates KAR:ASL with a GF Score™ of 58/100 and a GF Value™ of ₨13.07 (Fairly Valued). The stock has 6 warning signs investors should review. Among 625 Steel companies, Aisha Steel Mills ranks better than 78.72% 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
Aisha Steel Mills 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 Aisha Steel Mills's Piotroski F-Score or its related term are showing as below:
KAR:ASL'
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 Aisha Steel Mills 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.
Aisha Steel Mills Piotroski F-Score Related Terms
Aisha Steel Mills Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Aisha Steel Mills'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.
KAR:ASL vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Aisha Steel Mills'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.
Aisha Steel Mills Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Aisha Steel Mills's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Aisha Steel Mills'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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 33.332 + 82.04 + -50.55 + 67.635 = ₨132 Mil. Cash Flow from Operations was -995.825 + -4038.054 + -834.481 + 2979.411 = ₨-2,889 Mil. Revenue was 11958.896 + 8858.296 + 11105.331 + 13985.588 = ₨45,908 Mil. Gross Profit was 1033.402 + 317.661 + 1029.029 + 1126.161 = ₨3,506 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(37429.985 + 38756.457 + 42815.779 + 44433.782 + 44512.361) / 5 = ₨41589.6728 Mil. Total Assets at the begining of this year (Mar25) was ₨37,430 Mil. Long-Term Debt & Capital Lease Obligation was ₨153 Mil. Total Current Assets was ₨21,748 Mil. Total Current Liabilities was ₨16,408 Mil.
Net Income was -355.724 + -843.123 + -859.155 + 317.091 = ₨-1,741 Mil.
Revenue was 11315.107 + 4253.631 + 8346.542 + 8865.844 = ₨32,781 Mil. Gross Profit was 381.616 + -255.623 + -171.866 + 734.556 = ₨689 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(39731.913 + 40597.158 + 37772.879 + 37356.263 + 37429.985) / 5 = ₨38577.6396 Mil. Total Assets at the begining of last year (Mar24) was ₨39,732 Mil. Long-Term Debt & Capital Lease Obligation was ₨461 Mil. Total Current Assets was ₨14,494 Mil. Total Current Liabilities was ₨16,123 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.
Aisha Steel Mills's current Net Income (TTM) was 132.
==> 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.
Aisha Steel Mills's return on assets of this year was 0.00353879. Aisha Steel Mills's return on assets of last year was -0.04381644.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Aisha Steel Mills's gearing of this year was 0.00366935. Aisha Steel Mills's gearing of last year was 0.01195802.
==> 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
Aisha Steel Mills's current ratio of this year was 1.32549922. Aisha Steel Mills's current ratio of last year was 0.89894709.
==> 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.
Aisha Steel Mills's number of shares in issue this year was 1127.25. Aisha Steel Mills's number of shares in issue last year was 990.909.
==> 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.
Aisha Steel Mills's gross margin of this year was 0.07637546. Aisha Steel Mills's gross margin of last year was 0.02100852.
==> 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
Aisha Steel Mills's asset turnover of this year was 1.22650626. Aisha Steel Mills's asset turnover of last year was 0.82505778.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Aisha Steel Mills has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Aisha Steel Mills (KAR:ASL) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aisha Steel Mills and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Aisha Steel Mills' Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Aisha Steel Mills ranks #133 out of 625 companies in the Steel industry, placing it in the top 21.3%.
Is Aisha Steel Mills' Piotroski F-Score too high?
Aisha Steel Mills' 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 Steel industry median Piotroski F-Score is 5.00. Aisha Steel Mills' value of 6 is 20% above this industry median. Based on the distribution chart, Aisha Steel Mills ranks #133 out of 625 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Aisha Steel Mills has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aisha Steel Mills' Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Aisha Steel Mills ranks #133 out of 625 companies for Piotroski F-Score. This places Aisha Steel Mills in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Aisha Steel Mills' value of 6 is 20% above this benchmark. Historically, Aisha Steel Mills' 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 5.00, Aisha Steel Mills 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 625 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. Aisha Steel Mills'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 Aisha Steel Mills and its competitors. For the Steel 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. Aisha Steel Mills'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 Aisha Steel Mills stock overvalued right now?
Based on GuruFocus' analysis, Aisha Steel Mills (KAR:ASL) is currently considered Fairly Valued. The stock's GF Value™ is ₨13.07, compared to a current price of ₨13.37 — trading 2.3% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Steel industry median of 5.00. Aisha Steel Mills' overall GF Score™ is 58/100 with 6 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 Aisha Steel Mills (KAR:ASL), the current Piotroski F-Score is 6 as of Jun. 24, 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 Aisha Steel Mills (KAR:ASL) Overvalued in 2026?
Based on GuruFocus' analysis, Aisha Steel Mills stock appears to be overvalued.
The current stock price of ₨13.37 is trading 2.3% above its estimated GF Value™ of ₨13.07.
GuruFocus considers Aisha Steel Mills to be Fairly Valued.
Key valuation signals for KAR:ASL:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: ₨13.07 vs. price of ₨13.37 (2.3% above fair value)
Industry Position: 20% above the Steel median (#133 of 625)
No single metric tells the full story. See the KAR:ASL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe and Asia. The majority of revenue is derived from Pakistan.
58GF Score
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