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Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) 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.
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.
Kuwait And Middle East Financial Investment Co Piotroski F-Score Related Terms
Kuwait And Middle East Financial Investment Co Piotroski F-Score Historical Data
* 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.
Kuwait And Middle East Financial Investment Co Piotroski F-Score Chart
Kuwait And Middle East Financial Investment Co Annual Data
KUW:KMEFIC vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Kuwait And Middle East Financial Investment Co'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.
Kuwait And Middle East Financial Investment Co Piotroski F-Score vs Asset Management Industry
* 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.
Kuwait And Middle East Financial Investment Co's current Net Income (TTM) was -0.39.
==> 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.
Kuwait And Middle East Financial Investment Co's current Cash Flow from Operations (TTM) was 22.66.
==> 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.
Kuwait And Middle East Financial Investment Co's return on assets of this year was -0.00446938. Kuwait And Middle East Financial Investment Co's return on assets of last year was 0.0352967.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kuwait And Middle East Financial Investment Co's gearing of this year was 0.04941471. Kuwait And Middle East Financial Investment Co's gearing of last year was 0.04948669.
==> 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
Kuwait And Middle East Financial Investment Co's current ratio of this year was 0.85593543. Kuwait And Middle East Financial Investment Co's current ratio of last year was 0.20879531.
==> 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.
Kuwait And Middle East Financial Investment Co's number of shares in issue this year was 220. Kuwait And Middle East Financial Investment Co's number of shares in issue last year was 220.
==> 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.
Kuwait And Middle East Financial Investment Co's gross margin of this year was 1. Kuwait And Middle East Financial Investment Co's gross margin of last year was 1.
==> 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
Kuwait And Middle East Financial Investment Co's asset turnover of this year was 0.08191955. Kuwait And Middle East Financial Investment Co's asset turnover of last year was 0.11077914.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kuwait And Middle East Financial Investment Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) has a Piotroski F-Score of 5 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kuwait And Middle East Financial Investment Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Kuwait And Middle East Financial Investment Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Kuwait And Middle East Financial Investment Co ranks #567 out of 1595 companies in the Asset Management industry, placing it in the top 35.5%.
Is Kuwait And Middle East Financial Investment Co's Piotroski F-Score too high?
Kuwait And Middle East Financial Investment Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Kuwait And Middle East Financial Investment Co's value of 5 is 0% at this industry median. Based on the distribution chart, Kuwait And Middle East Financial Investment Co ranks #567 out of 1595 companies in the Asset Management industry, which is above the industry midpoint. Overall, Kuwait And Middle East Financial Investment Co has a GF Score™ of 32/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kuwait And Middle East Financial Investment Co's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Kuwait And Middle East Financial Investment Co ranks #567 out of 1595 companies for Piotroski F-Score. This puts Kuwait And Middle East Financial Investment Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Kuwait And Middle East Financial Investment Co's value of 5 is 0% at this benchmark. Historically, Kuwait And Middle East Financial Investment Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Kuwait And Middle East Financial Investment Co 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,595 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. Kuwait And Middle East Financial Investment Co'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 Kuwait And Middle East Financial Investment Co and its competitors. For the Asset Management 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. Kuwait And Middle East Financial Investment Co's current Piotroski F-Score is 5, which is 17% below 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 Kuwait And Middle East Financial Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) is currently considered Fairly Valued. The stock's GF Value™ is KWD0.15, compared to a current price of KWD0.16 — trading 6% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Asset Management industry median of 5.00. Kuwait And Middle East Financial Investment Co's overall GF Score™ is 32/100 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 Kuwait And Middle East Financial Investment Co (KUW:KMEFIC), the current Piotroski F-Score is 5 as of Jul. 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 Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Overvalued in 2026?
Based on GuruFocus' analysis, Kuwait And Middle East Financial Investment Co stock appears to be overvalued.
The current stock price of KWD0.16 is trading 6% above its estimated GF Value™ of KWD0.15.
GuruFocus considers Kuwait And Middle East Financial Investment Co to be Fairly Valued.
Key valuation signals for KUW:KMEFIC:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: KWD0.15 vs. price of KWD0.16 (6% above fair value)
Industry Position: 0% at the Asset Management median (#567 of 1595)
No single metric tells the full story. See the KUW:KMEFIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kuwait And Middle East Financial Investment Co Business Description
Kuwait And Middle East Financial Investment Co is a Kuwait-based asset management company. The business activity of the group functions through Asset Management; Brokerage and Online Trading; Credit Operations; Investment, Real Estate and Treasury; and Rental and leasing activities. The Asset Management segment is engaged in providing third-party fund and portfolio management services on a fiduciary basis. Besides, the firm is also engaged in other activities such as providing margin loans, money market placements, real estate activities, and proprietary trading in equity stocks and funds. Geographically, the business presence of the firm is seen in both Kuwait and the international market.
32GF Score
Get the complete analysis for KUW:KMEFIC
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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