National Building & Marketing Co (SAU:9510) Piotroski F-Score: 5 (As of Jul. 02, 2026) — 17% Below Median


SAU:9510 National Building & Marketing Co SAU:9510
59 GF Score
Price ﷼41.62
GF Value ﷼280.37
Valuation Possible Value Trap
! 10 Warning Signs
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What is National Building & Marketing Co Piotroski F-Score?

National Building & Marketing Co SAU:9510 -6.47% 59 Piotroski F-Score is 5 as of Jul. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates SAU:9510 with a GF Score™ of 59/100 and a GF Value™ of ﷼280.37 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 622 Steel companies, National Building & Marketing Co ranks better than 55.95% 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

National Building & Marketing Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for National Building & Marketing Co's Piotroski F-Score or its related term are showing as below:

SAU:9510' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 7
Current: 5

During the past 10 years, the highest Piotroski F-Score of National Building & Marketing Co was 7. The lowest was 2. And the median was 6.

National Building & Marketing Co  (SAU:9510) 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.


National Building & Marketing Co Piotroski F-Score Related Terms


National Building & Marketing Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for National Building & Marketing 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.

National Building & Marketing Co Piotroski F-Score Chart

National Building & Marketing 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 5.00 7.00 6.00 5.00

National Building & Marketing Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 7.00 3.00 6.00 0.00 5.00

SAU:9510 vs NUE, STLD, RS: Piotroski F-Score Comparison

For the Steel subindustry, National Building & Marketing 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.


National Building & Marketing Co Piotroski F-Score vs Steel Industry

For the Steel industry and Basic Materials sector, National Building & Marketing Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where National Building & Marketing Co's Piotroski F-Score falls into.


SAU:9510
59GF Score
National Building & Marketing Co SAU:9510
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was ﷼10.6 Mil.
Cash Flow from Operations was ﷼11.3 Mil.
Revenue was ﷼856.9 Mil.
Gross Profit was ﷼88.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1230.666 + 1253.453) / 2 = ﷼1242.0595 Mil.
Total Assets at the begining of this year (Dec24) was ﷼1,230.7 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼95.8 Mil.
Total Current Assets was ﷼707.3 Mil.
Total Current Liabilities was ﷼799.4 Mil.
Net Income was ﷼45.1 Mil.

Revenue was ﷼818.0 Mil.
Gross Profit was ﷼120.5 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (1013.857 + 1230.666) / 2 = ﷼1122.2615 Mil.
Total Assets at the begining of last year (Dec23) was ﷼1,013.9 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼254.6 Mil.
Total Current Assets was ﷼654.1 Mil.
Total Current Liabilities was ﷼617.2 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.

National Building & Marketing Co's current Net Income (TTM) was 10.6. ==> 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.

National Building & Marketing Co's current Cash Flow from Operations (TTM) was 11.3. ==> 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 (Dec24)
=10.632/1230.666
=0.00863922

ROA (Last Year)=Net Income/Total Assets (Dec23)
=45.111/1013.857
=0.04449444

National Building & Marketing Co's return on assets of this year was 0.00863922. National Building & Marketing Co's return on assets of last year was 0.04449444. ==> 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.

National Building & Marketing Co's current Net Income (TTM) was 10.6. National Building & Marketing Co's current Cash Flow from Operations (TTM) was 11.3. ==> 11.3 > 10.6 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=95.82/1242.0595
=0.07714606

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=254.643/1122.2615
=0.22690166

National Building & Marketing Co's gearing of this year was 0.07714606. National Building & Marketing Co's gearing of last year was 0.22690166. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=707.299/799.358
=0.88483383

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=654.118/617.181
=1.05984792

National Building & Marketing Co's current ratio of this year was 0.88483383. National Building & Marketing Co's current ratio of last year was 1.05984792. ==> 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.

National Building & Marketing Co's number of shares in issue this year was 12. National Building & Marketing Co's number of shares in issue last year was 12. ==> 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
=88.398/856.909
=0.10315915

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=120.494/818.002
=0.14730282

National Building & Marketing Co's gross margin of this year was 0.10315915. National Building & Marketing Co's gross margin of last year was 0.14730282. ==> 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 (Dec24)
=856.909/1230.666
=0.69629696

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=818.002/1013.857
=0.80682187

National Building & Marketing Co's asset turnover of this year was 0.69629696. National Building & Marketing Co's asset turnover of last year was 0.80682187. ==> 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+0+1+0+0
=5

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

National Building & Marketing Co has an F-score of 5 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 5 mean?
National Building & Marketing Co (SAU:9510) has a Piotroski F-Score of 5 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on National Building & Marketing Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, National Building & Marketing Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, National Building & Marketing Co ranks #274 out of 622 companies in the Steel industry, placing it in the top 44.1%.
Is National Building & Marketing Co's Piotroski F-Score too high?
National Building & Marketing Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Steel industry median Piotroski F-Score is 5.00. National Building & Marketing Co's value of 5 is 0% at this industry median. Based on the distribution chart, National Building & Marketing Co ranks #274 out of 622 companies in the Steel industry, which is above the industry midpoint. Overall, National Building & Marketing Co has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Building & Marketing Co's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, National Building & Marketing Co ranks #274 out of 622 companies for Piotroski F-Score. This puts National Building & Marketing Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. National Building & Marketing Co's value of 5 is 0% at this benchmark. Historically, National Building & Marketing Co's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, National Building & Marketing Co has consistently been at 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. National Building & Marketing Co's current Piotroski F-Score of 5 is 0% at 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 National Building & Marketing 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. National Building & Marketing Co's current Piotroski F-Score is 5, which is 17% 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 National Building & Marketing Co stock overvalued right now?
Based on GuruFocus' analysis, National Building & Marketing Co (SAU:9510) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼280.37, compared to a current price of ﷼41.62 — trading 85.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Steel industry median of 5.00. National Building & Marketing Co's overall GF Score™ is 59/100 with 10 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 National Building & Marketing Co (SAU:9510), the current Piotroski F-Score is 5 as of Jul. 02, 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 National Building & Marketing Co (SAU:9510) Overvalued in 2026?

Based on GuruFocus' analysis, National Building & Marketing Co stock appears to be undervalued. The current stock price of ﷼41.62 is trading 85.2% below its estimated GF Value™ of ﷼280.37. GuruFocus considers National Building & Marketing Co to be Possible Value Trap.

Key valuation signals for SAU:9510:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: ﷼280.37 vs. price of ﷼41.62 (85.2% below fair value)
  • GF Score™: 59/100 with 10 warning signs
  • Industry Position: 0% at the Steel median (#274 of 622)

No single metric tells the full story. See the SAU:9510 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Building & Marketing Co Business Description

Address Olaya Street, P.O.Box 401, Riyadh, SAU, 11312
National Building & Marketing Co is a Saudi-based company. It is involved in trading construction materials, general construction, real estate trading, real estate development, manufacturing of primary iron and steel products as well as manufacture of pipes, tubes and hollow shapes of iron and steel, extending communication cables, network extensions, installing and extending computer and communication networks, providing wholesale infrastructure services, analyzing systems, designing and programming special software, and providing communications and information network management services. The company's operating segments include Manufacturing of steel products, which generates maximum revenue, Contracting and development projects, Commercial, Information Technology, and Others.
59GF Score

Get the complete analysis for SAU:9510

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

﷼41.62
Price
﷼280.37
GF Value