Tanmiah Food Co (SAU:2281) Piotroski F-Score: 4 (As of Jul. 09, 2026) — 20% Below Median


SAU:2281 Tanmiah Food Co SAU:2281
79 GF Score
Price ﷼59.65
GF Value ﷼135.81
Valuation Possible Value Trap
! 7 Warning Signs
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What is Tanmiah Food Co Piotroski F-Score?

Tanmiah Food Co SAU:2281 +8.26% 79 Piotroski F-Score is 4 as of Jul. 09, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates SAU:2281 with a GF Score™ of 79/100 and a GF Value™ of ﷼135.81 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Tanmiah Food Co ranks worse than 66.84% 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

Tanmiah Food Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

SAU:2281' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

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

Tanmiah Food Co  (SAU:2281) 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.


Tanmiah Food Co Piotroski F-Score Related Terms


Tanmiah Food Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tanmiah Food 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.

Tanmiah Food Co Piotroski F-Score Chart

Tanmiah Food Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 7.00 4.00 7.00 3.00

Tanmiah Food 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 7.00 4.00 4.00 3.00 4.00

SAU:2281 vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Tanmiah Food 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.


Tanmiah Food Co Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tanmiah Food Co's Piotroski F-Score distribution charts can be found below:

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


SAU:2281
79GF Score
Tanmiah Food Co SAU:2281
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 0.498 + -15.795 + -22.433 + -17.836 = ﷼-56 Mil.
Cash Flow from Operations was 124.386 + 89.281 + 74.508 + 120.052 = ﷼408 Mil.
Revenue was 649.502 + 614.171 + 712.689 + 731.19 = ﷼2,708 Mil.
Gross Profit was 152.878 + 137.812 + 144.772 + 166.752 = ﷼602 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3121.093 + 3196.324 + 3193.292 + 3161.461 + 3290.376) / 5 = ﷼3192.5092 Mil.
Total Assets at the begining of this year (Mar25) was ﷼3,121 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼1,168 Mil.
Total Current Assets was ﷼1,324 Mil.
Total Current Liabilities was ﷼1,288 Mil.
Net Income was 24.019 + 24.119 + 26.729 + 18.895 = ﷼94 Mil.

Revenue was 639.805 + 657.437 + 684.881 + 677.119 = ﷼2,659 Mil.
Gross Profit was 164.072 + 167.435 + 178.432 + 168.369 = ﷼678 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2188.853 + 2299.733 + 2575.059 + 2795.489 + 3121.093) / 5 = ﷼2596.0454 Mil.
Total Assets at the begining of last year (Mar24) was ﷼2,189 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼1,096 Mil.
Total Current Assets was ﷼1,434 Mil.
Total Current Liabilities was ﷼1,108 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.

Tanmiah Food Co's current Net Income (TTM) was -56. ==> Negative ==> Score 0.

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.

Tanmiah Food Co's current Cash Flow from Operations (TTM) was 408. ==> 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)
=-55.566/3121.093
=-0.01780338

ROA (Last Year)=Net Income/Total Assets (Mar24)
=93.762/2188.853
=0.04283613

Tanmiah Food Co's return on assets of this year was -0.01780338. Tanmiah Food Co's return on assets of last year was 0.04283613. ==> 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.

Tanmiah Food Co's current Net Income (TTM) was -56. Tanmiah Food Co's current Cash Flow from Operations (TTM) was 408. ==> 408 > -56 ==> 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
=1168.405/3192.5092
=0.36598328

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1095.676/2596.0454
=0.42205579

Tanmiah Food Co's gearing of this year was 0.36598328. Tanmiah Food Co's gearing of last year was 0.42205579. ==> 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
=1323.715/1287.903
=1.02780644

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1433.621/1108.245
=1.29359573

Tanmiah Food Co's current ratio of this year was 1.02780644. Tanmiah Food Co's current ratio of last year was 1.29359573. ==> 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.

Tanmiah Food Co's number of shares in issue this year was 20. Tanmiah Food 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
=602.214/2707.552
=0.2224201

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=678.308/2659.242
=0.25507569

Tanmiah Food Co's gross margin of this year was 0.2224201. Tanmiah Food Co's gross margin of last year was 0.25507569. ==> 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)
=2707.552/3121.093
=0.86750122

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2659.242/2188.853
=1.21490205

Tanmiah Food Co's asset turnover of this year was 0.86750122. Tanmiah Food Co's asset turnover of last year was 1.21490205. ==> 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
=0+1+0+1+1+0+1+0+0
=4

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

Tanmiah Food Co has an F-score of 4 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 4 mean?
Tanmiah Food Co (SAU:2281) has a Piotroski F-Score of 4 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tanmiah Food Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Tanmiah Food Co's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Tanmiah Food Co ranks #1278 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 66.8%.
Is Tanmiah Food Co's Piotroski F-Score too high?
Tanmiah Food Co's current Piotroski F-Score of 4 is 20% below 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Tanmiah Food Co's value of 4 is 20% below this industry median. Based on the distribution chart, Tanmiah Food Co ranks #1278 out of 1912 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Tanmiah Food Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tanmiah Food Co's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tanmiah Food Co ranks #1278 out of 1912 companies for Piotroski F-Score. This places Tanmiah Food Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Tanmiah Food Co's value of 4 is 20% below this benchmark. Historically, Tanmiah Food 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, Tanmiah Food Co has consistently been below 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,912 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. Tanmiah Food Co's current Piotroski F-Score of 4 is 20% below 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 Tanmiah Food Co and its competitors. For the Consumer Packaged Goods 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. Tanmiah Food Co's current Piotroski F-Score is 4, which is 20% below 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 Tanmiah Food Co stock overvalued right now?
Based on GuruFocus' analysis, Tanmiah Food Co (SAU:2281) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼135.81, compared to a current price of ﷼59.65 — trading 56.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Tanmiah Food Co's overall GF Score™ is 79/100 with 7 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 Tanmiah Food Co (SAU:2281), the current Piotroski F-Score is 4 as of Jul. 09, 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 Tanmiah Food Co (SAU:2281) Overvalued in 2026?

Based on GuruFocus' analysis, Tanmiah Food Co stock appears to be undervalued. The current stock price of ﷼59.65 is trading 56.1% below its estimated GF Value™ of ﷼135.81. GuruFocus considers Tanmiah Food Co to be Possible Value Trap.

Key valuation signals for SAU:2281:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: ﷼135.81 vs. price of ﷼59.65 (56.1% below fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1278 of 1912)

No single metric tells the full story. See the SAU:2281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tanmiah Food Co Business Description

Address King Fahd Road, Building No. 7292, Ar Rahmaniyah, Riyadh, SAU, 12341
Tanmiah Food Co produces and markets ready-to-cook, poultry, and Deli meat products. Its Business is engaged in the food and agriculture business, which includes manufacturing, wholesale and retail trading in foodstuffs, preparation of animal and poultry feeds for commercial purposes, construction of poultry farms, retail and wholesale trading in poultry equipment, and restaurant outlets with related services. The Group operates in business segments of Poultry, food and agriculture, which includes the manufacturing and distribution of fresh and processed poultry and poultry-related products; and Restaurant outlets. Geographically, it operates in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, Kuwait, and other GCC countries.
79GF Score

Get the complete analysis for SAU:2281

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

﷼59.65
Price
﷼135.81
GF Value