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Al Rajhi REIT FundSAU:4340 68 Piotroski F-Score is 4 as of Jul. 20, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates SAU:4340 with a GF Score™ of 68/100 and a GF Value™ of ﷼7.94 (Fairly Valued). The stock has 6 warning signs investors should review. Among 885 REITs companies, Al Rajhi REIT Fund ranks worse than 76.27% 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
Al Rajhi REIT Fund has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Al Rajhi REIT Fund's Piotroski F-Score or its related term are showing as below:
SAU:4340'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 4
During the past 8 years, the highest Piotroski F-Score of Al Rajhi REIT Fund was 7. The lowest was 4. And the median was 6.
Al Rajhi REIT Fund (SAU:4340) 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.
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 Rajhi REIT Fund Piotroski F-Score Related Terms
Al Rajhi REIT Fund Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Al Rajhi REIT Fund'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.
SAU:4340 vs VICI, WPC: Piotroski F-Score Comparison
For the REIT - Diversified subindustry, Al Rajhi REIT Fund'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 Rajhi REIT Fund Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Al Rajhi REIT Fund's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Al Rajhi REIT Fund's Piotroski F-Score falls into.
* 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.
*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 Rajhi REIT Fund's current Net Income (TTM) was 147.4.
==> 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.
Al Rajhi REIT Fund's return on assets of this year was 0.04625647. Al Rajhi REIT Fund's return on assets of last year was 0.05970765.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Al Rajhi REIT Fund's gearing of this year was 0.23570921. Al Rajhi REIT Fund's gearing of last year was 0.2835619.
==> 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
Al Rajhi REIT Fund's current ratio of this year was 1.10111841. Al Rajhi REIT Fund's current ratio of last year was 5.10659419.
==> 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 Rajhi REIT Fund's number of shares in issue this year was 275.607. Al Rajhi REIT Fund's number of shares in issue last year was 0.
==> 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.
Al Rajhi REIT Fund's gross margin of this year was 0.85967144. Al Rajhi REIT Fund's gross margin of last year was 0.87187362.
==> 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
Al Rajhi REIT Fund's asset turnover of this year was 0.072519. Al Rajhi REIT Fund's asset turnover of last year was 0.07579405.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Al Rajhi REIT Fund has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Al Rajhi REIT Fund (SAU:4340) has a Piotroski F-Score of 4 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Al Rajhi REIT Fund and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Al Rajhi REIT Fund's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Al Rajhi REIT Fund ranks #675 out of 885 companies in the REITs industry, placing it in the top 76.3%.
Is Al Rajhi REIT Fund's Piotroski F-Score too high?
Al Rajhi REIT Fund'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 7.00. The REITs industry median Piotroski F-Score is 6.00. Al Rajhi REIT Fund's value of 4 is 33.3% below this industry median. Based on the distribution chart, Al Rajhi REIT Fund ranks #675 out of 885 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Al Rajhi REIT Fund has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Al Rajhi REIT Fund's Piotroski F-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Al Rajhi REIT Fund ranks #675 out of 885 companies for Piotroski F-Score. This places Al Rajhi REIT Fund in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Al Rajhi REIT Fund's value of 4 is 33.3% below this benchmark. Historically, Al Rajhi REIT Fund's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Al Rajhi REIT Fund 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 885 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 Rajhi REIT Fund's current Piotroski F-Score of 4 is 33.3% 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 Al Rajhi REIT Fund and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Rajhi REIT Fund'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 Al Rajhi REIT Fund stock overvalued right now?
Based on GuruFocus' analysis, Al Rajhi REIT Fund (SAU:4340) is currently considered Fairly Valued. The stock's GF Value™ is ﷼7.94, compared to a current price of ﷼8.21 — trading 3.4% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the REITs industry median of 6.00. Al Rajhi REIT Fund's overall GF Score™ is 68/100 with 6 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 Rajhi REIT Fund (SAU:4340), the current Piotroski F-Score is 4 as of Jul. 20, 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 Rajhi REIT Fund (SAU:4340) Overvalued in 2026?
Based on GuruFocus' analysis, Al Rajhi REIT Fund stock appears to be overvalued.
The current stock price of ﷼8.21 is trading 3.4% above its estimated GF Value™ of ﷼7.94.
GuruFocus considers Al Rajhi REIT Fund to be Fairly Valued.
Key valuation signals for SAU:4340:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: ﷼7.94 vs. price of ﷼8.21 (3.4% above fair value)
Industry Position: 33.3% below the REITs median (#675 of 885)
No single metric tells the full story. See the SAU:4340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Rajhi REIT Fund is a close-ended real estate investment traded fund. The investment objective of the company is to invest in income-generating real estate assets. It is divided into four divisions namely Brokerage, Asset Management, Investment Banking, and Research. The Brokerage Division offers a comprehensive brokerage and execution service, The Asset management division manages International, regional, and local mutual funds. Investment Banking provides a comprehensive range of strategic financial advisory services, including debt and equity structuring and arranging, to assist clients in achieving their business and financial objectives. The research division focuses on delivering detailed investment analysis of regional and international equity, markets, and economies.
68GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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