SMN Power HoldingOG (MUS:SMNP) Piotroski F-Score: 7 (As of Jul. 14, 2026) — 13% Below Median

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MUS:SMNP SMN Power Holding SAOG MUS:SMNP
46 GF Score
Price ر.ع0.20
GF Value ر.ع0.10
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is SMN Power HoldingOG Piotroski F-Score?

SMN Power HoldingOG MUS:SMNP 46 Piotroski F-Score is 7 as of Jul. 14, 2026, which is 13% below its 10-year median of 8.00. GuruFocus rates MUS:SMNP with a GF Score™ of 46/100 and a GF Value™ of ر.ع0.10 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, SMN Power HoldingOG ranks better than 92.09% 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

SMN Power HoldingOG 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 SMN Power HoldingOG's Piotroski F-Score or its related term are showing as below:

MUS:SMNP' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 8   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of SMN Power HoldingOG was 8. The lowest was 5. And the median was 8.

SMN Power HoldingOG  (MUS:SMNP) 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.


SMN Power HoldingOG Piotroski F-Score Related Terms


SMN Power HoldingOG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SMN Power HoldingOG'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.

SMN Power HoldingOG Piotroski F-Score Chart

SMN Power HoldingOG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 5.00 8.00 5.00 7.00

SMN Power HoldingOG Semi-Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23 Dec24
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 8.00 5.00 8.00 5.00 7.00

MUS:SMNP vs CEG, VST, NRG: Piotroski F-Score Comparison

For the Utilities - Independent Power Producers subindustry, SMN Power HoldingOG'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.


SMN Power HoldingOG Piotroski F-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SMN Power HoldingOG's Piotroski F-Score distribution charts can be found below:

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


MUS:SMNP
46GF Score
SMN Power Holding SAOG MUS:SMNP
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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was ر.ع4.57 Mil.
Cash Flow from Operations was ر.ع20.53 Mil.
Revenue was ر.ع82.32 Mil.
Gross Profit was ر.ع6.30 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (114.447 + 121.554) / 2 = ر.ع118.0005 Mil.
Total Assets at the begining of this year (Dec23) was ر.ع114.45 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع34.93 Mil.
Total Current Assets was ر.ع35.24 Mil.
Total Current Liabilities was ر.ع19.44 Mil.
Net Income was ر.ع-26.37 Mil.

Revenue was ر.ع87.50 Mil.
Gross Profit was ر.ع18.08 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (172.784 + 114.447) / 2 = ر.ع143.6155 Mil.
Total Assets at the begining of last year (Dec22) was ر.ع172.78 Mil.
Long-Term Debt & Capital Lease Obligation was ر.ع21.77 Mil.
Total Current Assets was ر.ع19.87 Mil.
Total Current Liabilities was ر.ع29.98 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.

SMN Power HoldingOG's current Net Income (TTM) was 4.57. ==> 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.

SMN Power HoldingOG's current Cash Flow from Operations (TTM) was 20.53. ==> 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 (Dec23)
=4.565/114.447
=0.03988746

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-26.374/172.784
=-0.15264145

SMN Power HoldingOG's return on assets of this year was 0.03988746. SMN Power HoldingOG's return on assets of last year was -0.15264145. ==> 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.

SMN Power HoldingOG's current Net Income (TTM) was 4.57. SMN Power HoldingOG's current Cash Flow from Operations (TTM) was 20.53. ==> 20.53 > 4.57 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=34.926/118.0005
=0.2959818

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=21.768/143.6155
=0.15157138

SMN Power HoldingOG's gearing of this year was 0.2959818. SMN Power HoldingOG's gearing of last year was 0.15157138. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=35.238/19.444
=1.81228142

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=19.87/29.983
=0.66270887

SMN Power HoldingOG's current ratio of this year was 1.81228142. SMN Power HoldingOG's current ratio of last year was 0.66270887. ==> 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.

SMN Power HoldingOG's number of shares in issue this year was 199.636. SMN Power HoldingOG's number of shares in issue last year was 199.636. ==> 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
=6.3/82.323
=0.07652782

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=18.08/87.497
=0.20663566

SMN Power HoldingOG's gross margin of this year was 0.07652782. SMN Power HoldingOG's gross margin of last year was 0.20663566. ==> 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 (Dec23)
=82.323/114.447
=0.71931112

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=87.497/172.784
=0.50639527

SMN Power HoldingOG's asset turnover of this year was 0.71931112. SMN Power HoldingOG's asset turnover of last year was 0.50639527. ==> 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+0+1+1+0+1
=7

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

SMN Power HoldingOG 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?
SMN Power HoldingOG (MUS:SMNP) has a Piotroski F-Score of 7 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SMN Power HoldingOG and its competitors. This is 13% below median its historical median of 8.00. Over the past decade, SMN Power HoldingOG's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, SMN Power HoldingOG ranks #33 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 7.9%.
Is SMN Power HoldingOG's Piotroski F-Score too high?
SMN Power HoldingOG's current Piotroski F-Score of 7 is 13% below median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. SMN Power HoldingOG's value of 7 is 40% above this industry median. Based on the distribution chart, SMN Power HoldingOG ranks #33 out of 417 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, SMN Power HoldingOG has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMN Power HoldingOG's Piotroski F-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, SMN Power HoldingOG ranks #33 out of 417 companies for Piotroski F-Score. This places SMN Power HoldingOG in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. SMN Power HoldingOG's value of 7 is 40% above this benchmark. Historically, SMN Power HoldingOG's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, SMN Power HoldingOG 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 Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. SMN Power HoldingOG'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 SMN Power HoldingOG and its competitors. For the Utilities - Independent Power Producers 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. SMN Power HoldingOG's current Piotroski F-Score is 7, which is 13% below median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMN Power HoldingOG stock overvalued right now?
Based on GuruFocus' analysis, SMN Power HoldingOG (MUS:SMNP) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.10, compared to a current price of ر.ع0.20 — trading 97% above its estimated fair value. The current Piotroski F-Score is 7, which is 13% below median its 10-year median of 8.00 and 40% above the Utilities - Independent Power Producers industry median of 5.00. SMN Power HoldingOG's overall GF Score™ is 46/100 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 SMN Power HoldingOG (MUS:SMNP), the current Piotroski F-Score is 7 as of Jul. 14, 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 SMN Power HoldingOG (MUS:SMNP) Overvalued in 2026?

Based on GuruFocus' analysis, SMN Power HoldingOG stock appears to be overvalued. The current stock price of ر.ع0.20 is trading 97% above its estimated GF Value™ of ر.ع0.10. GuruFocus considers SMN Power HoldingOG to be Significantly Overvalued.

Key valuation signals for MUS:SMNP:

  • Piotroski F-Score: 7 (13% below median its 10-year median of 8.00)
  • GF Value™: ر.ع0.10 vs. price of ر.ع0.20 (97% above fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 40% above the Utilities - Independent Power Producers median (#33 of 417)

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


SMN Power HoldingOG Business Description

Address Way No. 1013, Office No. 15, Qurum Building, 1st Floor, Al Qurum, Muscat, OMN
SMN Power Holding SAOG is a company based in the Sultanate of Oman. Along with its subsidiaries, the company is engaged in the power generation and water desalination business. The company also invests its funds in shares, bonds, and securities, and owns and leases patents, trademarks, concessions, and other incorporeal rights to its subsidiaries and other companies.
46GF Score

Get the complete analysis for MUS:SMNP

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

ر.ع0.20
Price
ر.ع0.10
GF Value