Arabian Pipes Co (SAU:2200) Piotroski F-Score: 6 (As of Jun. 29, 2026) — 20% Above Median


SAU:2200 Arabian Pipes Co SAU:2200
74 GF Score
Price ﷼6.70
GF Value ﷼5.31
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Arabian Pipes Co Piotroski F-Score?

Arabian Pipes Co SAU:2200 -1.03% 74 Piotroski F-Score is 6 as of Jun. 29, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SAU:2200 with a GF Score™ of 74/100 and a GF Value™ of ﷼5.31 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 622 Steel companies, Arabian Pipes Co ranks better than 78.62% 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

Arabian Pipes 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 Arabian Pipes Co's Piotroski F-Score or its related term are showing as below:

SAU:2200' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Arabian Pipes Co was 8. The lowest was 3. And the median was 5.

Arabian Pipes Co  (SAU:2200) 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.


Arabian Pipes Co Piotroski F-Score Related Terms


Arabian Pipes Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Arabian Pipes 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.

Arabian Pipes Co Piotroski F-Score Chart

Arabian Pipes Co 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 6.00 4.00 7.00 6.00 6.00

Arabian Pipes 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 5.00 5.00 6.00 6.00 6.00

SAU:2200 vs NUE, STLD, RS: Piotroski F-Score Comparison

For the Steel subindustry, Arabian Pipes 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.


Arabian Pipes Co Piotroski F-Score vs Steel Industry

For the Steel industry and Basic Materials sector, Arabian Pipes Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Arabian Pipes Co's Piotroski F-Score falls into.


SAU:2200
74GF Score
Arabian Pipes Co SAU:2200
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 34.432 + 27.769 + 8.101 + 20.115 = ﷼90.4 Mil.
Cash Flow from Operations was 79.251 + 103.826 + -44.772 + 8.084 = ﷼146.4 Mil.
Revenue was 254.417 + 233.285 + 137.423 + 194.57 = ﷼819.7 Mil.
Gross Profit was 62.304 + 44.17 + 21.637 + 36.885 = ﷼165.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(966.264 + 818.98 + 729.772 + 726.043 + 795.187) / 5 = ﷼807.2492 Mil.
Total Assets at the begining of this year (Mar25) was ﷼966.3 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼22.8 Mil.
Total Current Assets was ﷼520.3 Mil.
Total Current Liabilities was ﷼233.1 Mil.
Net Income was 57.045 + 43.887 + 12.456 + 40.174 = ﷼153.6 Mil.

Revenue was 345.924 + 322.316 + 158.88 + 248.93 = ﷼1,076.1 Mil.
Gross Profit was 88.105 + 67.585 + 29.832 + 63.659 = ﷼249.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(945.726 + 1023.425 + 1012.291 + 931.579 + 966.264) / 5 = ﷼975.857 Mil.
Total Assets at the begining of last year (Mar24) was ﷼945.7 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼64.1 Mil.
Total Current Assets was ﷼672.5 Mil.
Total Current Liabilities was ﷼432.7 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.

Arabian Pipes Co's current Net Income (TTM) was 90.4. ==> 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.

Arabian Pipes Co's current Cash Flow from Operations (TTM) was 146.4. ==> 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 (Mar25)
=90.417/966.264
=0.09357381

ROA (Last Year)=Net Income/Total Assets (Mar24)
=153.562/945.726
=0.16237473

Arabian Pipes Co's return on assets of this year was 0.09357381. Arabian Pipes Co's return on assets of last year was 0.16237473. ==> Last year is higher ==> Score 0.

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.

Arabian Pipes Co's current Net Income (TTM) was 90.4. Arabian Pipes Co's current Cash Flow from Operations (TTM) was 146.4. ==> 146.4 > 90.4 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=22.815/807.2492
=0.02826265

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=64.115/975.857
=0.06570122

Arabian Pipes Co's gearing of this year was 0.02826265. Arabian Pipes Co's gearing of last year was 0.06570122. ==> 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
=520.308/233.06
=2.23250665

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=672.522/432.746
=1.55408022

Arabian Pipes Co's current ratio of this year was 2.23250665. Arabian Pipes Co's current ratio of last year was 1.55408022. ==> 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.

Arabian Pipes Co's number of shares in issue this year was 200. Arabian Pipes Co's number of shares in issue last year was 200. ==> 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
=164.996/819.695
=0.2012895

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=249.181/1076.05
=0.23157009

Arabian Pipes Co's gross margin of this year was 0.2012895. Arabian Pipes Co's gross margin of last year was 0.23157009. ==> 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 (Mar25)
=819.695/966.264
=0.84831371

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1076.05/945.726
=1.13780313

Arabian Pipes Co's asset turnover of this year was 0.84831371. Arabian Pipes Co's asset turnover of last year was 1.13780313. ==> 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+0+1+1+1+1+0+0
=6

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

Arabian Pipes 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?
Arabian Pipes Co (SAU:2200) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Arabian Pipes Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Arabian Pipes Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Arabian Pipes Co ranks #133 out of 622 companies in the Steel industry, placing it in the top 21.4%.
Is Arabian Pipes Co's Piotroski F-Score too high?
Arabian Pipes 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 8.00. The Steel industry median Piotroski F-Score is 5.00. Arabian Pipes Co's value of 6 is 20% above this industry median. Based on the distribution chart, Arabian Pipes Co ranks #133 out of 622 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Arabian Pipes Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arabian Pipes Co's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Arabian Pipes Co ranks #133 out of 622 companies for Piotroski F-Score. This places Arabian Pipes Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Arabian Pipes Co's value of 6 is 20% above this benchmark. Historically, Arabian Pipes Co's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Arabian Pipes 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 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. Arabian Pipes 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 Arabian Pipes Co 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. Arabian Pipes 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 Arabian Pipes Co stock overvalued right now?
Based on GuruFocus' analysis, Arabian Pipes Co (SAU:2200) is currently considered Modestly Overvalued. The stock's GF Value™ is ﷼5.31, compared to a current price of ﷼6.70 — trading 26.2% above 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 Steel industry median of 5.00. Arabian Pipes Co's overall GF Score™ is 74/100 with 1 warning sign 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 Arabian Pipes Co (SAU:2200), the current Piotroski F-Score is 6 as of Jun. 29, 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 Arabian Pipes Co (SAU:2200) Overvalued in 2026?

Based on GuruFocus' analysis, Arabian Pipes Co stock appears to be overvalued. The current stock price of ﷼6.70 is trading 26.2% above its estimated GF Value™ of ﷼5.31. GuruFocus considers Arabian Pipes Co to be Modestly Overvalued.

Key valuation signals for SAU:2200:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ﷼5.31 vs. price of ﷼6.70 (26.2% above fair value)
  • GF Score™: 74/100 with 1 warning sign
  • Industry Position: 20% above the Steel median (#133 of 622)

No single metric tells the full story. See the SAU:2200 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arabian Pipes Co Business Description

Address Riyadh Third Industrial City, P.O. Box 42734, Riyadh, SAU, 11551
Arabian Pipes Co is engaged in the production and marketing of longitudinally welded steel pipes for pipelines and for construction and commercial purposes. Its other activities include bending, shaping, and threading pipes from the outside and inside, carrying out commercial business such as selling and buying pipes and their accessories, carrying out pipeline extension works, manufacturing pipes, hoses, plastic pipes, their connections and accessories, and manufacturing hollow iron and steel. The company generates the majority of revenue from Saudi Arabia.
74GF Score

Get the complete analysis for SAU:2200

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

﷼6.70
Price
﷼5.31
GF Value