Middle East Healthcare Co (SAU:4009) Piotroski F-Score: 6 (As of Jul. 24, 2026) — 20% Above Median

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SAU:4009 Middle East Healthcare Co SAU:4009
79 GF Score
Price ﷼30.28
GF Value ﷼80.23
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Middle East Healthcare Co Piotroski F-Score?

Middle East Healthcare Co SAU:4009 +0.60% 79 Piotroski F-Score is 6 as of Jul. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SAU:4009 with a GF Score™ of 79/100 and a GF Value™ of ﷼80.23 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 644 Healthcare Providers & Services companies, Middle East Healthcare Co ranks better than 74.84% 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

Middle East Healthcare 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 Middle East Healthcare Co's Piotroski F-Score or its related term are showing as below:

SAU:4009' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 6

During the past 11 years, the highest Piotroski F-Score of Middle East Healthcare Co was 8. The lowest was 2. And the median was 5.

Middle East Healthcare Co  (SAU:4009) 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.


Middle East Healthcare Co Piotroski F-Score Related Terms


Middle East Healthcare Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Middle East Healthcare 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.

Middle East Healthcare Co Piotroski F-Score Chart

Middle East Healthcare 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 4.00 7.00 7.00 7.00 7.00

Middle East Healthcare 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 6.00 7.00 7.00 6.00

SAU:4009 vs HCA, THC, DVA: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, Middle East Healthcare 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.


Middle East Healthcare Co Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Middle East Healthcare Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Middle East Healthcare Co's Piotroski F-Score falls into.


SAU:4009
79GF Score
Middle East Healthcare Co SAU:4009
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 63.665 + 40.291 + 37.794 + 25.696 = ﷼167 Mil.
Cash Flow from Operations was -104.43 + 351.447 + 7.342 + 281.113 = ﷼535 Mil.
Revenue was 791.13 + 768.972 + 808.792 + 765.234 = ﷼3,134 Mil.
Gross Profit was 308.04 + 283.948 + 284.401 + 254.274 = ﷼1,131 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5217.904 + 5317.993 + 5275.388 + 5466.239 + 5467.522) / 5 = ﷼5349.0092 Mil.
Total Assets at the begining of this year (Mar25) was ﷼5,218 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼1,677 Mil.
Total Current Assets was ﷼2,168 Mil.
Total Current Liabilities was ﷼1,468 Mil.
Net Income was 62.877 + 63.838 + 111.287 + 160.134 = ﷼398 Mil.

Revenue was 712.657 + 732.074 + 748.877 + 733.567 = ﷼2,927 Mil.
Gross Profit was 279.065 + 292.901 + 282.074 + 279.977 = ﷼1,134 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4979.766 + 5251.98 + 5161.985 + 5125.314 + 5217.904) / 5 = ﷼5147.3898 Mil.
Total Assets at the begining of last year (Mar24) was ﷼4,980 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼1,899 Mil.
Total Current Assets was ﷼2,275 Mil.
Total Current Liabilities was ﷼1,102 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.

Middle East Healthcare Co's current Net Income (TTM) was 167. ==> 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.

Middle East Healthcare Co's current Cash Flow from Operations (TTM) was 535. ==> 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)
=167.446/5217.904
=0.03209066

ROA (Last Year)=Net Income/Total Assets (Mar24)
=398.136/4979.766
=0.07995074

Middle East Healthcare Co's return on assets of this year was 0.03209066. Middle East Healthcare Co's return on assets of last year was 0.07995074. ==> 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.

Middle East Healthcare Co's current Net Income (TTM) was 167. Middle East Healthcare Co's current Cash Flow from Operations (TTM) was 535. ==> 535 > 167 ==> 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
=1677.26/5349.0092
=0.31356461

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1899.15/5147.3898
=0.36895399

Middle East Healthcare Co's gearing of this year was 0.31356461. Middle East Healthcare Co's gearing of last year was 0.36895399. ==> 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
=2167.892/1468.15
=1.47661479

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2274.995/1102.453
=2.0635755

Middle East Healthcare Co's current ratio of this year was 1.47661479. Middle East Healthcare Co's current ratio of last year was 2.0635755. ==> 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.

Middle East Healthcare Co's number of shares in issue this year was 92.04. Middle East Healthcare Co's number of shares in issue last year was 92.04. ==> 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
=1130.663/3134.128
=0.3607584

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1134.017/2927.175
=0.38741005

Middle East Healthcare Co's gross margin of this year was 0.3607584. Middle East Healthcare Co's gross margin of last year was 0.38741005. ==> 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)
=3134.128/5217.904
=0.60064884

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2927.175/4979.766
=0.58781376

Middle East Healthcare Co's asset turnover of this year was 0.60064884. Middle East Healthcare Co's asset turnover of last year was 0.58781376. ==> 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+0+1+1+0+1+0+1
=6

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

Middle East Healthcare 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?
Middle East Healthcare Co (SAU:4009) has a Piotroski F-Score of 6 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Middle East Healthcare Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Middle East Healthcare Co's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Middle East Healthcare Co ranks #162 out of 644 companies in the Healthcare Providers & Services industry, placing it in the top 25.2%.
Is Middle East Healthcare Co's Piotroski F-Score too high?
Middle East Healthcare 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 2.00 to a high of 8.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Middle East Healthcare Co's value of 6 is 20% above this industry median. Based on the distribution chart, Middle East Healthcare Co ranks #162 out of 644 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Middle East Healthcare 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 Middle East Healthcare Co's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Middle East Healthcare Co ranks #162 out of 644 companies for Piotroski F-Score. This puts Middle East Healthcare Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Middle East Healthcare Co's value of 6 is 20% above this benchmark. Historically, Middle East Healthcare Co's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Middle East Healthcare 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 644 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. Middle East Healthcare 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 Middle East Healthcare Co and its competitors. For the Healthcare Providers & 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. Middle East Healthcare 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 Middle East Healthcare Co stock overvalued right now?
Based on GuruFocus' analysis, Middle East Healthcare Co (SAU:4009) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼80.23, compared to a current price of ﷼30.28 — trading 62.3% 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 Healthcare Providers & Services industry median of 5.00. Middle East Healthcare Co's overall GF Score™ is 79/100 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 Middle East Healthcare Co (SAU:4009), the current Piotroski F-Score is 6 as of Jul. 24, 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 Middle East Healthcare Co (SAU:4009) Overvalued in 2026?

Based on GuruFocus' analysis, Middle East Healthcare Co stock appears to be undervalued. The current stock price of ﷼30.28 is trading 62.3% below its estimated GF Value™ of ﷼80.23. GuruFocus considers Middle East Healthcare Co to be Possible Value Trap.

Key valuation signals for SAU:4009:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ﷼80.23 vs. price of ﷼30.28 (62.3% below fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 20% above the Healthcare Providers & Services median (#162 of 644)

No single metric tells the full story. See the SAU:4009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Middle East Healthcare Co Business Description

Address 4, Batterjee Road, P.O.Box 2550, Al-Zahra District, Jeddah, SAU, 21461
Middle East Healthcare Co is a Saudi Arabia-based company engaged in the business of managing, operating and maintaining hospitals, medical centers, educational centers, rehabilitation centers, physiotherapy, laboratories and radiology centers, pharmacies, construction, and to buy land for the purpose of constructing medical projects and to establish, manage and organize exhibitions for the company. The company's reportable segments are Inpatient Services, Outpatient Services, Pharmacy Sales and Others. The majority of revenue is derived from the Inpatient Services segment.
79GF Score

Get the complete analysis for SAU:4009

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

﷼30.28
Price
﷼80.23
GF Value