OQ Exploration and Production (MUS:OQEP) Piotroski F-Score: 7 (As of Aug. 03, 2026) — Near Median

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MUS:OQEP OQ Exploration and Production MUS:OQEP
37 GF Score
Price ر.ع0.44
! 2 Warning Signs
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What is OQ Exploration and Production Piotroski F-Score?

OQ Exploration and Production MUS:OQEP -0.23% 37 Piotroski F-Score is 7 as of Aug. 03, 2026, which is at its 10-year median of 7.00. GuruFocus rates MUS:OQEP with a GF Score™ of 37/100. The stock has 2 warning signs investors should review. Among 976 Oil & Gas companies, OQ Exploration and Production ranks better than 92.01% 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

OQ Exploration and Production 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 OQ Exploration and Production's Piotroski F-Score or its related term are showing as below:

MUS:OQEP' s Piotroski F-Score Range Over the Past 10 Years
Min: 7   Med: 7   Max: 7
Current: 7

During the past 3 years, the highest Piotroski F-Score of OQ Exploration and Production was 7. The lowest was 7. And the median was 7.

OQ Exploration and Production  (MUS:OQEP) 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.


OQ Exploration and Production Piotroski F-Score Related Terms


OQ Exploration and Production Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for OQ Exploration and Production'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.

OQ Exploration and Production Piotroski F-Score Chart

OQ Exploration and Production Annual Data
Trend Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 7.00

OQ Exploration and Production Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only N/A N/A N/A N/A 7.00

MUS:OQEP vs COP, EOG, FANG: Piotroski F-Score Comparison

For the Oil & Gas E&P subindustry, OQ Exploration and Production'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.


OQ Exploration and Production Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, OQ Exploration and Production's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where OQ Exploration and Production's Piotroski F-Score falls into.


MUS:OQEP
37GF Score
OQ Exploration and Production MUS:OQEP
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 74.867 + 91.771 + 70.231 + 41.167 = ر.ع278 Mil.
Cash Flow from Operations was 77.307 + 217.887 + 101.516 + 126.026 = ر.ع523 Mil.
Revenue was 205.47 + 222.604 + 205.692 + 525.246 = ر.ع1,159 Mil.
Gross Profit was 75.465 + 88.973 + 76.422 + 416.164 = ر.ع657 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(1559.698 + 1667.21 + 1573.665 + 1532.784 + 1540.408) / 5 = ر.ع1574.753 Mil.
Total Assets at the begining of this year (Dec24) was ر.ع1,560 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع208 Mil.
Total Current Assets was ر.ع351 Mil.
Total Current Liabilities was ر.ع350 Mil.
Net Income was 79.245 + 102.297 + 85.376 + 54.417 = ر.ع321 Mil.

Revenue was 209.527 + 218.365 + 218.373 + 596.491 = ر.ع1,243 Mil.
Gross Profit was 78.778 + 87.193 + 93.487 + 460.397 = ر.ع720 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(2046.71 + 0 + 0 + 0 + 1559.698) / 5 = ر.ع1803.204 Mil.
Total Assets at the begining of last year (Dec23) was ر.ع2,047 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع394 Mil.
Total Current Assets was ر.ع383 Mil.
Total Current Liabilities was ر.ع205 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.

OQ Exploration and Production's current Net Income (TTM) was 278. ==> 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.

OQ Exploration and Production's current Cash Flow from Operations (TTM) was 523. ==> 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)
=278.036/1559.698
=0.17826271

ROA (Last Year)=Net Income/Total Assets (Dec23)
=321.335/2046.71
=0.15700075

OQ Exploration and Production's return on assets of this year was 0.17826271. OQ Exploration and Production's return on assets of last year was 0.15700075. ==> 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.

OQ Exploration and Production's current Net Income (TTM) was 278. OQ Exploration and Production's current Cash Flow from Operations (TTM) was 523. ==> 523 > 278 ==> 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
=207.918/1574.753
=0.13203213

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=393.868/1803.204
=0.21842676

OQ Exploration and Production's gearing of this year was 0.13203213. OQ Exploration and Production's gearing of last year was 0.21842676. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=351.194/350.343
=1.00242905

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=382.712/205.14
=1.86561373

OQ Exploration and Production's current ratio of this year was 1.00242905. OQ Exploration and Production's current ratio of last year was 1.86561373. ==> 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.

OQ Exploration and Production's number of shares in issue this year was 7882.704. OQ Exploration and Production's number of shares in issue last year was 8000. ==> 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
=657.024/1159.012
=0.56688283

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=719.855/1242.756
=0.57924082

OQ Exploration and Production's gross margin of this year was 0.56688283. OQ Exploration and Production's gross margin of last year was 0.57924082. ==> 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 (Dec24)
=1159.012/1559.698
=0.74310027

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1242.756/2046.71
=0.60719692

OQ Exploration and Production's asset turnover of this year was 0.74310027. OQ Exploration and Production's asset turnover of last year was 0.60719692. ==> 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+1+1+1+0+1+0+1
=7

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

OQ Exploration and Production 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?
OQ Exploration and Production (MUS:OQEP) has a Piotroski F-Score of 7 as of Aug. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on OQ Exploration and Production and its competitors. This is near median its historical median of 7.00. Over the past decade, OQ Exploration and Production's Piotroski F-Score has ranged from 7.00 to 7.00. According to the industry distribution chart, OQ Exploration and Production ranks #78 out of 976 companies in the Oil & Gas industry, placing it in the top 8%.
Is OQ Exploration and Production's Piotroski F-Score too high?
OQ Exploration and Production's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. OQ Exploration and Production's value of 7 is 40% above this industry median. Based on the distribution chart, OQ Exploration and Production ranks #78 out of 976 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, OQ Exploration and Production has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does OQ Exploration and Production's Piotroski F-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, OQ Exploration and Production ranks #78 out of 976 companies for Piotroski F-Score. This places OQ Exploration and Production in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. OQ Exploration and Production's value of 7 is 40% above this benchmark. Historically, OQ Exploration and Production's own Piotroski F-Score has ranged from 7.00 to 7.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, OQ Exploration and Production 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 976 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. OQ Exploration and Production'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 OQ Exploration and Production and its competitors. For the Oil & Gas 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. OQ Exploration and Production's current Piotroski F-Score is 7, which is near 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 OQ Exploration and Production stock overvalued right now?
OQ Exploration and Production (MUS:OQEP) has a current Piotroski F-Score of 7. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Oil & Gas industry median of 5.00. OQ Exploration and Production's overall GF Score™ is 37/100 with 2 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 OQ Exploration and Production (MUS:OQEP), the current Piotroski F-Score is 7 as of Aug. 03, 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.

OQ Exploration and Production Business Description

Industry EnergyOil & Gas
Address P.O. Box 200, Muscat Governorate, Madinat Al Irfan, Bawshar, Muscat, OMN, 102
OQ Exploration and Production is engaged in identifying, acquiring, managing, and operating interests in petroleum and other related enterprises. The company reports across two operating segments: blocks operated by OQEP and blocks operated by other entities. The company generates majority of revenue from blocks operated by other entities.
37GF Score

Get the complete analysis for MUS:OQEP

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

ر.ع0.44
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