Al Mawarid Manpower Co (SAU:1833) Piotroski F-Score: 7 (As of Jul. 05, 2026) — 17% Above Median


SAU:1833 Al Mawarid Manpower Co SAU:1833
66 GF Score
Price ﷼102.60
GF Value ﷼143.26
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Al Mawarid Manpower Co Piotroski F-Score?

Al Mawarid Manpower Co SAU:1833 -0.39% 66 Piotroski F-Score is 7 as of Jul. 05, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SAU:1833 with a GF Score™ of 66/100 and a GF Value™ of ﷼143.26 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,065 Business Services companies, Al Mawarid Manpower Co ranks better than 88.92% 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 Mawarid Manpower Co 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 Mawarid Manpower Co's Piotroski F-Score or its related term are showing as below:

SAU:1833' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 5 years, the highest Piotroski F-Score of Al Mawarid Manpower Co was 7. The lowest was 3. And the median was 6.

Al Mawarid Manpower Co  (SAU:1833) 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 Mawarid Manpower Co Piotroski F-Score Related Terms


Al Mawarid Manpower Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Al Mawarid Manpower 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.

Al Mawarid Manpower Co Piotroski F-Score Chart

Al Mawarid Manpower Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00 5.00 6.00

Al Mawarid Manpower Co Quarterly Data
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 4.00 3.00 6.00 6.00 7.00

SAU:1833 vs KFY, RHI, TNET: Piotroski F-Score Comparison

For the Staffing & Employment Services subindustry, Al Mawarid Manpower 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.


Al Mawarid Manpower Co Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Al Mawarid Manpower Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Al Mawarid Manpower Co's Piotroski F-Score falls into.


SAU:1833
66GF Score
Al Mawarid Manpower Co SAU:1833
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 32.379 + 36.983 + 39.165 + 52.185 = ﷼161 Mil.
Cash Flow from Operations was 30.125 + 40.781 + 69.628 + -2.454 = ﷼138 Mil.
Revenue was 624.359 + 678.777 + 719.173 + 758.493 = ﷼2,781 Mil.
Gross Profit was 54.451 + 61.197 + 66.94 + 78.05 = ﷼261 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(881.083 + 971.375 + 1032.459 + 1114.84 + 1205.909) / 5 = ﷼1041.1332 Mil.
Total Assets at the begining of this year (Mar25) was ﷼881 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼34 Mil.
Total Current Assets was ﷼963 Mil.
Total Current Liabilities was ﷼499 Mil.
Net Income was 23.228 + 17.1 + 28.683 + 29.938 = ﷼99 Mil.

Revenue was 481.546 + 548.196 + 558.815 + 588.684 = ﷼2,177 Mil.
Gross Profit was 43.777 + 46.85 + 51.09 + 53.282 = ﷼195 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(711.866 + 742.137 + 789.006 + 860.349 + 881.083) / 5 = ﷼796.8882 Mil.
Total Assets at the begining of last year (Mar24) was ﷼712 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼35 Mil.
Total Current Assets was ﷼685 Mil.
Total Current Liabilities was ﷼336 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 Mawarid Manpower Co's current Net Income (TTM) was 161. ==> 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 Mawarid Manpower Co's current Cash Flow from Operations (TTM) was 138. ==> 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 (Mar25)
=160.712/881.083
=0.18240279

ROA (Last Year)=Net Income/Total Assets (Mar24)
=98.949/711.866
=0.13899947

Al Mawarid Manpower Co's return on assets of this year was 0.18240279. Al Mawarid Manpower Co's return on assets of last year was 0.13899947. ==> 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 Mawarid Manpower Co's current Net Income (TTM) was 161. Al Mawarid Manpower Co's current Cash Flow from Operations (TTM) was 138. ==> 138 <= 161 ==> 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
=34.018/1041.1332
=0.03267401

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=34.873/796.8882
=0.04376147

Al Mawarid Manpower Co's gearing of this year was 0.03267401. Al Mawarid Manpower Co's gearing of last year was 0.04376147. ==> 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
=962.759/498.553
=1.93110662

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=685.342/335.978
=2.03984189

Al Mawarid Manpower Co's current ratio of this year was 1.93110662. Al Mawarid Manpower Co's current ratio of last year was 2.03984189. ==> 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.

Al Mawarid Manpower Co's number of shares in issue this year was 20. Al Mawarid Manpower Co's number of shares in issue last year was 20. ==> 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
=260.638/2780.802
=0.09372764

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=194.999/2177.241
=0.08956243

Al Mawarid Manpower Co's gross margin of this year was 0.09372764. Al Mawarid Manpower Co's gross margin of last year was 0.08956243. ==> 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)
=2780.802/881.083
=3.1561181

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2177.241/711.866
=3.05849837

Al Mawarid Manpower Co's asset turnover of this year was 3.1561181. Al Mawarid Manpower Co's asset turnover of last year was 3.05849837. ==> 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+0+1+0+1+1+1
=7

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

Al Mawarid Manpower Co 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 Mawarid Manpower Co (SAU:1833) has a Piotroski F-Score of 7 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Al Mawarid Manpower Co and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Al Mawarid Manpower Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Al Mawarid Manpower Co ranks #118 out of 1065 companies in the Business Services industry, placing it in the top 11.1%.
Is Al Mawarid Manpower Co's Piotroski F-Score too high?
Al Mawarid Manpower Co'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 3.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Al Mawarid Manpower Co's value of 7 is 40% above this industry median. Based on the distribution chart, Al Mawarid Manpower Co ranks #118 out of 1065 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Al Mawarid Manpower Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Mawarid Manpower Co's Piotroski F-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Al Mawarid Manpower Co ranks #118 out of 1065 companies for Piotroski F-Score. This places Al Mawarid Manpower Co in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Al Mawarid Manpower Co's value of 7 is 40% above this benchmark. Historically, Al Mawarid Manpower 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 6.00 vs. the industry median of 5.00, Al Mawarid Manpower 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 1,065 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 Mawarid Manpower Co'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 Mawarid Manpower 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. Al Mawarid Manpower Co'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 Mawarid Manpower Co stock overvalued right now?
Based on GuruFocus' analysis, Al Mawarid Manpower Co (SAU:1833) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼143.26, compared to a current price of ﷼102.60 — trading 28.4% below 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 Business Services industry median of 5.00. Al Mawarid Manpower Co's overall GF Score™ is 66/100 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 Al Mawarid Manpower Co (SAU:1833), the current Piotroski F-Score is 7 as of Jul. 05, 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 Mawarid Manpower Co (SAU:1833) Overvalued in 2026?

Based on GuruFocus' analysis, Al Mawarid Manpower Co stock appears to be undervalued. The current stock price of ﷼102.60 is trading 28.4% below its estimated GF Value™ of ﷼143.26. GuruFocus considers Al Mawarid Manpower Co to be Modestly Undervalued.

Key valuation signals for SAU:1833:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ﷼143.26 vs. price of ﷼102.60 (28.4% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 40% above the Business Services median (#118 of 1065)

No single metric tells the full story. See the SAU:1833 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al Mawarid Manpower Co Business Description

Address 7017 Ibn Waqa Street, P.O. Box 120058, Al-Rawdah District, Riyadh, SAU, 13211
Al Mawarid Manpower Co is a Saudi closed joint stock company. The company is engaged in labor recruitment activities and the provision of manpower services in the Kingdom to corporate clients (in the public and private sectors) and individuals. The company operates in three reportable segments: Corporate Segment, Individual Segment, and Hourly Segment out of which Corporate Segment represents the majority revenue generated from corporate clients, mainly in connection with the following client industries: construction and contracting, maintenance companies, hospitality, healthcare, transportation and others.
66GF Score

Get the complete analysis for SAU:1833

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

﷼102.60
Price
﷼143.26
GF Value