Arabian Centres Co (SAU:4321) Piotroski F-Score: 4 (As of Jul. 21, 2026) — 33% Below Median

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SAU:4321 Arabian Centres Co SAU:4321
80 GF Score
Price ﷼16.19
GF Value ﷼21.20
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Arabian Centres Co Piotroski F-Score?

Arabian Centres Co SAU:4321 -1.82% 80 Piotroski F-Score is 4 as of Jul. 21, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates SAU:4321 with a GF Score™ of 80/100 and a GF Value™ of ﷼21.20 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,757 Real Estate companies, Arabian Centres Co ranks worse than 62.49% 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 Centres 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 Arabian Centres Co's Piotroski F-Score or its related term are showing as below:

SAU:4321' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 8 years, the highest Piotroski F-Score of Arabian Centres Co was 8. The lowest was 4. And the median was 6.

Arabian Centres Co  (SAU:4321) 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 Centres Co Piotroski F-Score Related Terms


Arabian Centres Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Arabian Centres 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 Centres Co Piotroski F-Score Chart

Arabian Centres Co Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 6.00 6.00 4.00 4.00

Arabian Centres 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 4.00 5.00 7.00 4.00 4.00

SAU:4321 vs JOE: Piotroski F-Score Comparison

For the Real Estate - Diversified subindustry, Arabian Centres 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 Centres Co Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Arabian Centres Co's Piotroski F-Score distribution charts can be found below:

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


SAU:4321
80GF Score
Arabian Centres Co SAU:4321
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 472.904 + 500.651 + 76.422 + 202.49 = ﷼1,252 Mil.
Cash Flow from Operations was 564.457 + 838.796 + 203.987 + 114.215 = ﷼1,721 Mil.
Revenue was 582.616 + 551.282 + 563.764 + 582.55 = ﷼2,280 Mil.
Gross Profit was 489.38 + 451.837 + 481.653 + 488.894 = ﷼1,912 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(31600 + 32521.184 + 33355.197 + 36892.157 + 34413.52) / 5 = ﷼33756.4116 Mil.
Total Assets at the begining of this year (Mar25) was ﷼31,600 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼16,925 Mil.
Total Current Assets was ﷼2,810 Mil.
Total Current Liabilities was ﷼1,674 Mil.
Net Income was 353.112 + 334.649 + 350.807 + 216.916 = ﷼1,255 Mil.

Revenue was 586.546 + 587.067 + 584.669 + 590.634 = ﷼2,349 Mil.
Gross Profit was 485.492 + 486.447 + 526.625 + 511.746 = ﷼2,010 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(28671.856 + 29408.946 + 29864.997 + 31452.546 + 31600) / 5 = ﷼30199.669 Mil.
Total Assets at the begining of last year (Mar24) was ﷼28,672 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼14,943 Mil.
Total Current Assets was ﷼2,618 Mil.
Total Current Liabilities was ﷼1,734 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 Centres Co's current Net Income (TTM) was 1,252. ==> 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 Centres Co's current Cash Flow from Operations (TTM) was 1,721. ==> 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)
=1252.467/31600
=0.03963503

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1255.484/28671.856
=0.04378803

Arabian Centres Co's return on assets of this year was 0.03963503. Arabian Centres Co's return on assets of last year was 0.04378803. ==> 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 Centres Co's current Net Income (TTM) was 1,252. Arabian Centres Co's current Cash Flow from Operations (TTM) was 1,721. ==> 1,721 > 1,252 ==> 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
=16924.781/33756.4116
=0.50137974

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=14943.392/30199.669
=0.49481973

Arabian Centres Co's gearing of this year was 0.50137974. Arabian Centres Co's gearing of last year was 0.49481973. ==> Last year is lower than this year ==> Score 0.

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
=2809.711/1674.229
=1.67821188

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2618.426/1734.075
=1.50998429

Arabian Centres Co's current ratio of this year was 1.67821188. Arabian Centres Co's current ratio of last year was 1.50998429. ==> 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 Centres Co's number of shares in issue this year was 474.979. Arabian Centres Co's number of shares in issue last year was 474.947. ==> 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
=1911.764/2280.212
=0.83841502

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2010.31/2348.916
=0.85584585

Arabian Centres Co's gross margin of this year was 0.83841502. Arabian Centres Co's gross margin of last year was 0.85584585. ==> 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)
=2280.212/31600
=0.07215861

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2348.916/28671.856
=0.0819241

Arabian Centres Co's asset turnover of this year was 0.07215861. Arabian Centres Co's asset turnover of last year was 0.0819241. ==> 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+0+1+0+0+0
=4

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

Arabian Centres 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?
Arabian Centres Co (SAU:4321) has a Piotroski F-Score of 4 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Arabian Centres Co and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Arabian Centres Co's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Arabian Centres Co ranks #1098 out of 1757 companies in the Real Estate industry, placing it in the top 62.5%.
Is Arabian Centres Co's Piotroski F-Score too high?
Arabian Centres Co's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Arabian Centres Co's value of 4 is 20% below this industry median. Based on the distribution chart, Arabian Centres Co ranks #1098 out of 1757 companies in the Real Estate industry, which is below the industry midpoint. Overall, Arabian Centres Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arabian Centres Co's Piotroski F-Score compare to JOE?
According to the Real Estate industry distribution chart, Arabian Centres Co ranks #1098 out of 1757 companies for Piotroski F-Score. This places Arabian Centres Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Arabian Centres Co's value of 4 is 20% below this benchmark. Historically, Arabian Centres Co's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Arabian Centres 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,757 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 Centres 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 Arabian Centres Co and its competitors. For the Real Estate 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 Centres Co's current Piotroski F-Score is 4, which is 33% below 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 Arabian Centres Co stock overvalued right now?
Based on GuruFocus' analysis, Arabian Centres Co (SAU:4321) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼21.20, compared to a current price of ﷼16.19 — trading 23.6% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Real Estate industry median of 5.00. Arabian Centres Co's overall GF Score™ is 80/100 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 Arabian Centres Co (SAU:4321), the current Piotroski F-Score is 4 as of Jul. 21, 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 Centres Co (SAU:4321) Overvalued in 2026?

Based on GuruFocus' analysis, Arabian Centres Co stock appears to be undervalued. The current stock price of ﷼16.19 is trading 23.6% below its estimated GF Value™ of ﷼21.20. GuruFocus considers Arabian Centres Co to be Modestly Undervalued.

Key valuation signals for SAU:4321:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: ﷼21.20 vs. price of ﷼16.19 (23.6% below fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 20% below the Real Estate median (#1098 of 1757)

No single metric tells the full story. See the SAU:4321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arabian Centres Co Business Description

Address 8838, Prince Turki Ibn Abdulaziz Al Awwal Road, King Saud University District, Riyadh, SAU, 12373-4925
Arabian Centres Co and its subsidiaries' principal business objectives are to purchase land, build, develop, and invest in buildings, and sell or lease buildings, including the construction of commercial buildings with demolition, repair, excavation, and maintenance works. The Group also maintains and operates commercial centres, tourist resorts, hotels and restaurants, and manages exhibitions, compounds, and hospitals. Its licensed activities include construction and renovation of residential and non-residential buildings, buying and selling land and real estate, leasing and property management, real estate development using modern construction methods, and real estate marketing, advertising, and maintenance service activities for buildings.
80GF Score

Get the complete analysis for SAU:4321

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

﷼16.19
Price
﷼21.20
GF Value