Maharah Human Resources Co (SAU:1831) Piotroski F-Score: 6 (As of Jul. 04, 2026) — 20% Above Median


SAU:1831 Maharah Human Resources Co SAU:1831
93 GF Score
Price ﷼5.02
GF Value ﷼8.35
Valuation Possible Value Trap
! 6 Warning Signs
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What is Maharah Human Resources Co Piotroski F-Score?

Maharah Human Resources Co SAU:1831 -3.46% 93 Piotroski F-Score is 6 as of Jul. 04, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SAU:1831 with a GF Score™ of 93/100 and a GF Value™ of ﷼8.35 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,064 Business Services companies, Maharah Human Resources Co ranks better than 72.18% 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

Maharah Human Resources Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Maharah Human Resources Co's Piotroski F-Score or its related term are showing as below:

SAU:1831' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 8 years, the highest Piotroski F-Score of Maharah Human Resources Co was 7. The lowest was 3. And the median was 5.

Maharah Human Resources Co  (SAU:1831) 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.


Maharah Human Resources Co Piotroski F-Score Related Terms


Maharah Human Resources Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Maharah Human Resources Co'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.

Maharah Human Resources Co Piotroski F-Score Chart

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

Maharah Human Resources Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.00 5.00 6.00 5.00 6.00

SAU:1831 vs KFY, RHI, TNET: Piotroski F-Score Comparison

For the Staffing & Employment Services subindustry, Maharah Human Resources 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.


Maharah Human Resources Co Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Maharah Human Resources Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Maharah Human Resources Co's Piotroski F-Score falls into.


SAU:1831
93GF Score
Maharah Human Resources Co SAU:1831
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 28.435 + 44.464 + 139.457 + 64.779 = ﷼277 Mil.
Cash Flow from Operations was 63.771 + 10.864 + -109.513 + 18.034 = ﷼-17 Mil.
Revenue was 754.528 + 789.702 + 856.534 + 923.027 = ﷼3,324 Mil.
Gross Profit was 77.381 + 89.598 + 99.22 + 105.335 = ﷼372 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1899.486 + 1967.865 + 2120.714 + 1953.434 + 2129.595) / 5 = ﷼2014.2188 Mil.
Total Assets at the begining of this year (Mar25) was ﷼1,899 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼218 Mil.
Total Current Assets was ﷼1,486 Mil.
Total Current Liabilities was ﷼781 Mil.
Net Income was 51.251 + 22.647 + 51.137 + 44.462 = ﷼169 Mil.

Revenue was 532.503 + 558.403 + 621.405 + 710.841 = ﷼2,423 Mil.
Gross Profit was 73.954 + 59.836 + 61.23 + 65.035 = ﷼260 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1829.026 + 1831.934 + 1845.859 + 1918.213 + 1899.486) / 5 = ﷼1864.9036 Mil.
Total Assets at the begining of last year (Mar24) was ﷼1,829 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼603 Mil.
Total Current Assets was ﷼889 Mil.
Total Current Liabilities was ﷼527 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.

Maharah Human Resources Co's current Net Income (TTM) was 277. ==> 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.

Maharah Human Resources Co's current Cash Flow from Operations (TTM) was -17. ==> Negative ==> Score 0.

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 (Mar25)
=277.135/1899.486
=0.1459

ROA (Last Year)=Net Income/Total Assets (Mar24)
=169.497/1829.026
=0.09267063

Maharah Human Resources Co's return on assets of this year was 0.1459. Maharah Human Resources Co's return on assets of last year was 0.09267063. ==> 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.

Maharah Human Resources Co's current Net Income (TTM) was 277. Maharah Human Resources Co's current Cash Flow from Operations (TTM) was -17. ==> -17 <= 277 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=217.642/2014.2188
=0.10805281

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=602.594/1864.9036
=0.3231234

Maharah Human Resources Co's gearing of this year was 0.10805281. Maharah Human Resources Co's gearing of last year was 0.3231234. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1485.836/780.888
=1.90275174

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=889.254/527.165
=1.68686085

Maharah Human Resources Co's current ratio of this year was 1.90275174. Maharah Human Resources Co's current ratio of last year was 1.68686085. ==> 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.

Maharah Human Resources Co's number of shares in issue this year was 570.581. Maharah Human Resources Co's number of shares in issue last year was 569.124. ==> 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
=371.534/3323.791
=0.11178019

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=260.055/2423.152
=0.10732096

Maharah Human Resources Co's gross margin of this year was 0.11178019. Maharah Human Resources Co's gross margin of last year was 0.10732096. ==> 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 (Mar25)
=3323.791/1899.486
=1.74983706

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2423.152/1829.026
=1.32483191

Maharah Human Resources Co's asset turnover of this year was 1.74983706. Maharah Human Resources Co's asset turnover of last year was 1.32483191. ==> 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+0+1+0+1+1+0+1+1
=6

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

Maharah Human Resources Co has an F-score of 6 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 6 mean?
Maharah Human Resources Co (SAU:1831) has a Piotroski F-Score of 6 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Maharah Human Resources Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Maharah Human Resources Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Maharah Human Resources Co ranks #296 out of 1064 companies in the Business Services industry, placing it in the top 27.8%.
Is Maharah Human Resources Co's Piotroski F-Score too high?
Maharah Human Resources Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Maharah Human Resources Co's value of 6 is 20% above this industry median. Based on the distribution chart, Maharah Human Resources Co ranks #296 out of 1064 companies in the Business Services industry, which is above the industry midpoint. Overall, Maharah Human Resources Co has a GF Score™ of 93/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Maharah Human Resources Co's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Maharah Human Resources Co ranks #296 out of 1064 companies for Piotroski F-Score. This puts Maharah Human Resources Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Maharah Human Resources Co's value of 6 is 20% above this benchmark. Historically, Maharah Human Resources Co's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Maharah Human Resources Co 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. Maharah Human Resources Co's current Piotroski F-Score of 6 is 20% 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 Maharah Human Resources Co and its competitors. For the Business Services 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. Maharah Human Resources Co's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maharah Human Resources Co stock overvalued right now?
Based on GuruFocus' analysis, Maharah Human Resources Co (SAU:1831) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼8.35, compared to a current price of ﷼5.02 — trading 39.9% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Business Services industry median of 5.00. Maharah Human Resources Co's overall GF Score™ is 93/100 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 Maharah Human Resources Co (SAU:1831), the current Piotroski F-Score is 6 as of Jul. 04, 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 Maharah Human Resources Co (SAU:1831) Overvalued in 2026?

Based on GuruFocus' analysis, Maharah Human Resources Co stock appears to be undervalued. The current stock price of ﷼5.02 is trading 39.9% below its estimated GF Value™ of ﷼8.35. GuruFocus considers Maharah Human Resources Co to be Possible Value Trap.

Key valuation signals for SAU:1831:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ﷼8.35 vs. price of ﷼5.02 (39.9% below fair value)
  • GF Score™: 93/100 with 6 warning signs
  • Industry Position: 20% above the Business Services median (#296 of 1064)

No single metric tells the full story. See the SAU:1831 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maharah Human Resources Co Business Description

Address Al Olaya Road, Al Yasmin District, Riyadh, SAU, 13124
Maharah Human Resources Co is a Saudi Arabia-based company. The company engages in temporary employment agency activities for domestic services and temporary employment agency activities for foreign labor services. Its operating segment includes the Corporate Sector, Facility Management Sector, and Individual Sector. Geographically, it derives a majority of revenue from KSA and also has a presence in the UAE. The company serves individuals, industrial and operational, retail, hospitality, healthcare, commercial sectors, and others.
93GF Score

Get the complete analysis for SAU:1831

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

﷼5.02
Price
﷼8.35
GF Value