DoorDash (MIL:1DASH) Piotroski F-Score: 5 (As of Aug. 10, 2026) — 17% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:1DASH DoorDash Inc MIL:1DASH
58 GF Score
Price €191.02
GF Value €184.89
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is DoorDash Piotroski F-Score?

DoorDash MIL:1DASH +4.90% 58 Piotroski F-Score is 5 as of Aug. 10, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates MIL:1DASH with a GF Score™ of 58/100 and a GF Value™ of €184.89 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,102 Retail - Cyclical companies, DoorDash ranks worse than 52% 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

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

MIL:1DASH' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 8 years, the highest Piotroski F-Score of DoorDash was 8. The lowest was 3. And the median was 6.

DoorDash  (MIL:1DASH) 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.


DoorDash Piotroski F-Score Related Terms


DoorDash Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DoorDash'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.

DoorDash Piotroski F-Score Chart

DoorDash Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 4.00 5.00 8.00 7.00

DoorDash Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.00 6.00 5.00

MIL:1DASH vs SE, MELI, EBAY: Piotroski F-Score Comparison

For the Internet Retail subindustry, DoorDash'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.


DoorDash Piotroski F-Score vs Retail - Cyclical Industry

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

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


MIL:1DASH
58GF Score
DoorDash Inc MIL:1DASH
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 207.888 + 181.902 + 159.16 + 173.6 = €723 Mil.
Cash Flow from Operations was 742.092 + 359.534 + 513.81 + 819.392 = €2,435 Mil.
Revenue was 2935.992 + 3377.57 + 3491.14 + 3866.072 = €13,671 Mil.
Gross Profit was 1498.668 + 1725.08 + 1768.06 + 2037.196 = €7,029 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(14695.65 + 15311.292 + 16788.786 + 17050.015 + 16978.948) / 5 = €16164.9382 Mil.
Total Assets at the begining of this year (Jun25) was €14,696 Mil.
Long-Term Debt & Capital Lease Obligation was €2,778 Mil.
Total Current Assets was €7,305 Mil.
Total Current Liabilities was €5,340 Mil.
Net Income was 145.962 + 134.655 + 178.525 + 247.095 = €706 Mil.

Revenue was 2438.106 + 2743.715 + 2804.6 + 2847.228 = €10,834 Mil.
Gross Profit was 1200.132 + 1356.1 + 1417.1 + 1446.156 = €5,419 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(10996.573 + 11061.577 + 12266.975 + 12554.1 + 14695.65) / 5 = €12314.975 Mil.
Total Assets at the begining of last year (Jun24) was €10,997 Mil.
Long-Term Debt & Capital Lease Obligation was €2,751 Mil.
Total Current Assets was €8,440 Mil.
Total Current Liabilities was €4,071 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.

DoorDash's current Net Income (TTM) was 723. ==> 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.

DoorDash's current Cash Flow from Operations (TTM) was 2,435. ==> 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 (Jun25)
=722.55/14695.65
=0.04916761

ROA (Last Year)=Net Income/Total Assets (Jun24)
=706.237/10996.573
=0.06422337

DoorDash's return on assets of this year was 0.04916761. DoorDash's return on assets of last year was 0.06422337. ==> 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.

DoorDash's current Net Income (TTM) was 723. DoorDash's current Cash Flow from Operations (TTM) was 2,435. ==> 2,435 > 723 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=2778.468/16164.9382
=0.17188238

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=2750.991/12314.975
=0.22338584

DoorDash's gearing of this year was 0.17188238. DoorDash's gearing of last year was 0.22338584. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=7305.088/5339.936
=1.3680104

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=8440.245/4071.432
=2.07304089

DoorDash's current ratio of this year was 1.3680104. DoorDash's current ratio of last year was 2.07304089. ==> 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.

DoorDash's number of shares in issue this year was 439.345. DoorDash's number of shares in issue last year was 438.377. ==> 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
=7029.004/13670.774
=0.51416284

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5419.488/10833.649
=0.50024585

DoorDash's gross margin of this year was 0.51416284. DoorDash's gross margin of last year was 0.50024585. ==> 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 (Jun25)
=13670.774/14695.65
=0.93025991

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=10833.649/10996.573
=0.98518411

DoorDash's asset turnover of this year was 0.93025991. DoorDash's asset turnover of last year was 0.98518411. ==> 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+0+1+1+0+0+1+0
=5

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

DoorDash 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?
DoorDash (MIL:1DASH) has a Piotroski F-Score of 5 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DoorDash and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, DoorDash's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, DoorDash ranks #573 out of 1102 companies in the Retail - Cyclical industry, placing it in the top 52%.
Is DoorDash's Piotroski F-Score too high?
DoorDash'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 3.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. DoorDash's value of 5 is 16.7% below this industry median. Based on the distribution chart, DoorDash ranks #573 out of 1102 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, DoorDash has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DoorDash's Piotroski F-Score compare to SE and MELI?
According to the Retail - Cyclical industry distribution chart, DoorDash ranks #573 out of 1102 companies for Piotroski F-Score. This places DoorDash in the lower half of its industry. The industry median Piotroski F-Score is 6.00. DoorDash's value of 5 is 16.7% below this benchmark. Historically, DoorDash's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, DoorDash 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,102 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. DoorDash's current Piotroski F-Score of 5 is 16.7% 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 DoorDash and its competitors. For the Retail - Cyclical 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. DoorDash'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 DoorDash stock overvalued right now?
Based on GuruFocus' analysis, DoorDash (MIL:1DASH) is currently considered Fairly Valued. The stock's GF Value™ is €184.89, compared to a current price of €191.02 — trading 3.3% 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 16.7% below the Retail - Cyclical industry median of 6.00. DoorDash's overall GF Score™ is 58/100 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 DoorDash (MIL:1DASH), the current Piotroski F-Score is 5 as of Aug. 10, 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 DoorDash (MIL:1DASH) Overvalued in 2026?

Based on GuruFocus' analysis, DoorDash stock appears to be overvalued. The current stock price of €191.02 is trading 3.3% above its estimated GF Value™ of €184.89. GuruFocus considers DoorDash to be Fairly Valued.

Key valuation signals for MIL:1DASH:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: €184.89 vs. price of €191.02 (3.3% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 16.7% below the Retail - Cyclical median (#573 of 1102)

No single metric tells the full story. See the MIL:1DASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DoorDash Business Description

Address 303 2nd Street, South Tower, 8th Floor, San Francisco, CA, USA, 94107
Founded in 2013 within the confines of the San Francisco application renaissance, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food on demand for delivery or in-store pickup from participating merchants. Following the 2022 acquisition of Wolt, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. The firm provides similar services to non-restaurant businesses, such as grocery, retail, and pet supplies. DoorDash is also rolling out emerging technologies, such as drone delivery, to continually innovate and deliver the best possible service to both supply-side and demand-side participants in its marketplace.
58GF Score

Get the complete analysis for MIL:1DASH

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

€191.02
Price
€184.89
GF Value