Al Jazeera Steel Products CoOG (MUS:ATMI) Piotroski F-Score: 7 (As of Jul. 27, 2026) — 17% Above Median

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MUS:ATMI Al Jazeera Steel Products Co SAOG MUS:ATMI
73 GF Score
Price ر.ع0.83
GF Value ر.ع0.31
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Al Jazeera Steel Products CoOG Piotroski F-Score?

Al Jazeera Steel Products CoOG MUS:ATMI -0.60% 73 Piotroski F-Score is 7 as of Jul. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MUS:ATMI with a GF Score™ of 73/100 and a GF Value™ of ر.ع0.31 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 622 Steel companies, Al Jazeera Steel Products CoOG ranks better than 91.64% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Al Jazeera Steel Products CoOG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Al Jazeera Steel Products CoOG's Piotroski F-Score or its related term are showing as below:

MUS:ATMI' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Al Jazeera Steel Products CoOG was 9. The lowest was 4. And the median was 6.

Al Jazeera Steel Products CoOG  (MUS:ATMI) 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.


Al Jazeera Steel Products CoOG Piotroski F-Score Related Terms


Al Jazeera Steel Products CoOG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Al Jazeera Steel Products CoOG'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.

Al Jazeera Steel Products CoOG Piotroski F-Score Chart

Al Jazeera Steel Products CoOG 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 5.00 5.00 7.00 6.00 7.00

Al Jazeera Steel Products CoOG Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 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 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 5.00 5.00 7.00 6.00 7.00

MUS:ATMI vs NUE, STLD, RS: Piotroski F-Score Comparison

For the Steel subindustry, Al Jazeera Steel Products CoOG'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.


Al Jazeera Steel Products CoOG Piotroski F-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Al Jazeera Steel Products CoOG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Al Jazeera Steel Products CoOG's Piotroski F-Score falls into.


MUS:ATMI
73GF Score
Al Jazeera Steel Products Co SAOG MUS:ATMI
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was ر.ع9.8 Mil.
Cash Flow from Operations was ر.ع18.4 Mil.
Revenue was ر.ع150.5 Mil.
Gross Profit was ر.ع27.9 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (121.341 + 147.64) / 2 = ر.ع134.4905 Mil.
Total Assets at the begining of this year (Dec24) was ر.ع121.3 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع42.6 Mil.
Total Current Assets was ر.ع74.3 Mil.
Total Current Liabilities was ر.ع38.4 Mil.
Net Income was ر.ع7.1 Mil.

Revenue was ر.ع146.7 Mil.
Gross Profit was ر.ع23.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (109.699 + 121.341) / 2 = ر.ع115.52 Mil.
Total Assets at the begining of last year (Dec23) was ر.ع109.7 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع21.0 Mil.
Total Current Assets was ر.ع73.6 Mil.
Total Current Liabilities was ر.ع39.4 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.

Al Jazeera Steel Products CoOG's current Net Income (TTM) was 9.8. ==> 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.

Al Jazeera Steel Products CoOG's current Cash Flow from Operations (TTM) was 18.4. ==> 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 (Dec24)
=9.773/121.341
=0.08054161

ROA (Last Year)=Net Income/Total Assets (Dec23)
=7.131/109.699
=0.06500515

Al Jazeera Steel Products CoOG's return on assets of this year was 0.08054161. Al Jazeera Steel Products CoOG's return on assets of last year was 0.06500515. ==> 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.

Al Jazeera Steel Products CoOG's current Net Income (TTM) was 9.8. Al Jazeera Steel Products CoOG's current Cash Flow from Operations (TTM) was 18.4. ==> 18.4 > 9.8 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=42.641/134.4905
=0.31705585

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=21.001/115.52
=0.18179536

Al Jazeera Steel Products CoOG's gearing of this year was 0.31705585. Al Jazeera Steel Products CoOG's gearing of last year was 0.18179536. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=74.278/38.435
=1.93256147

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=73.554/39.418
=1.8660003

Al Jazeera Steel Products CoOG's current ratio of this year was 1.93256147. Al Jazeera Steel Products CoOG's current ratio of last year was 1.8660003. ==> 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.

Al Jazeera Steel Products CoOG's number of shares in issue this year was 124.898. Al Jazeera Steel Products CoOG's number of shares in issue last year was 124.898. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=27.854/150.456
=0.18513054

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=23.887/146.685
=0.16284555

Al Jazeera Steel Products CoOG's gross margin of this year was 0.18513054. Al Jazeera Steel Products CoOG's gross margin of last year was 0.16284555. ==> 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 (Dec24)
=150.456/121.341
=1.23994363

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=146.685/109.699
=1.33715895

Al Jazeera Steel Products CoOG's asset turnover of this year was 1.23994363. Al Jazeera Steel Products CoOG's asset turnover of last year was 1.33715895. ==> 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+1+1+0+1+1+1+0
=7

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

Al Jazeera Steel Products CoOG has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Al Jazeera Steel Products CoOG (MUS:ATMI) has a Piotroski F-Score of 7 as of Jul. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Al Jazeera Steel Products CoOG and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Al Jazeera Steel Products CoOG's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Al Jazeera Steel Products CoOG ranks #52 out of 622 companies in the Steel industry, placing it in the top 8.4%.
Is Al Jazeera Steel Products CoOG's Piotroski F-Score too high?
Al Jazeera Steel Products CoOG's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Steel industry median Piotroski F-Score is 5.00. Al Jazeera Steel Products CoOG's value of 7 is 40% above this industry median. Based on the distribution chart, Al Jazeera Steel Products CoOG ranks #52 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Al Jazeera Steel Products CoOG has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Jazeera Steel Products CoOG's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Al Jazeera Steel Products CoOG ranks #52 out of 622 companies for Piotroski F-Score. This places Al Jazeera Steel Products CoOG in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Al Jazeera Steel Products CoOG's value of 7 is 40% above this benchmark. Historically, Al Jazeera Steel Products CoOG's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Al Jazeera Steel Products CoOG 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 622 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. Al Jazeera Steel Products CoOG's current Piotroski F-Score of 7 is 40% 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 Al Jazeera Steel Products CoOG 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. Al Jazeera Steel Products CoOG's current Piotroski F-Score is 7, which is 17% above 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 Al Jazeera Steel Products CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Jazeera Steel Products CoOG (MUS:ATMI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.31, compared to a current price of ر.ع0.83 — trading 166.1% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Steel industry median of 5.00. Al Jazeera Steel Products CoOG's overall GF Score™ is 73/100 with 5 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 Al Jazeera Steel Products CoOG (MUS:ATMI), the current Piotroski F-Score is 7 as of Jul. 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 Al Jazeera Steel Products CoOG (MUS:ATMI) Overvalued in 2026?

Based on GuruFocus' analysis, Al Jazeera Steel Products CoOG stock appears to be overvalued. The current stock price of ر.ع0.83 is trading 166.1% above its estimated GF Value™ of ر.ع0.31. GuruFocus considers Al Jazeera Steel Products CoOG to be Significantly Overvalued.

Key valuation signals for MUS:ATMI:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ر.ع0.31 vs. price of ر.ع0.83 (166.1% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 40% above the Steel median (#52 of 622)

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


Al Jazeera Steel Products CoOG Business Description

Address Suhar Industrial Estate, P.O. Box 40, Suhar, OMN, 327
Al Jazeera Steel Products Co SAOG is a steel manufacturing firm. It manufactures and sells steel tubes, pipes, and structural products, including associated work. It deals in products such as black pipes, galvanized pipes, hollow sections, rebars, CTL sheets, and merchant bars, among others. Geographically, the company generates the majority of its revenue from its regional market, with the remainder coming from international markets.
73GF Score

Get the complete analysis for MUS:ATMI

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

ر.ع0.83
Price
ر.ع0.31
GF Value