Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mayar Holding CoSAU:9568 22 Piotroski F-Score is 2 as of Jul. 18, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates SAU:9568 with a GF Score™ of 22/100 and a GF Value™ of ﷼3.76 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 559 Conglomerates companies, Mayar Holding Co ranks worse than 95.71% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Mayar Holding Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Mayar Holding Co's Piotroski F-Score or its related term are showing as below:
SAU:9568'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 2
During the past 4 years, the highest Piotroski F-Score of Mayar Holding Co was 7. The lowest was 2. And the median was 5.
Mayar Holding Co (SAU:9568) 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.
Mayar Holding Co Piotroski F-Score Related Terms
Mayar Holding Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Mayar Holding 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.
SAU:9568 vs HON, MMM: Piotroski F-Score Comparison
For the Conglomerates subindustry, Mayar Holding 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.
Mayar Holding Co Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Mayar Holding Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Mayar Holding Co'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.
Mayar Holding Co's current Net Income (TTM) was -46.3.
==> 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.
Mayar Holding Co's return on assets of this year was -0.08524312. Mayar Holding Co's return on assets of last year was 0.0355422.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Mayar Holding Co's gearing of this year was 0.20408659. Mayar Holding Co's gearing of last year was 0.05623318.
==> 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
Mayar Holding Co's current ratio of this year was 0.58132663. Mayar Holding Co's current ratio of last year was 0.59064968.
==> 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.
Mayar Holding Co's number of shares in issue this year was 119.969. Mayar Holding Co's number of shares in issue last year was 119.969.
==> 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.
Mayar Holding Co's gross margin of this year was 0.10709133. Mayar Holding Co's gross margin of last year was 0.16844322.
==> 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
Mayar Holding Co's asset turnover of this year was 0.73492621. Mayar Holding Co's asset turnover of last year was 0.95842719.
==> 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
+
0
+
0
+
1
+
0
+
0
+
1
+
0
+
0
=
2
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Mayar Holding Co has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Mayar Holding Co (SAU:9568) has a Piotroski F-Score of 2 as of Jul. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mayar Holding Co and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Mayar Holding Co's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Mayar Holding Co ranks #535 out of 559 companies in the Conglomerates industry, placing it in the top 95.7%.
Is Mayar Holding Co's Piotroski F-Score too high?
Mayar Holding Co's current Piotroski F-Score of 2 is 60% below 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 7.00. The Conglomerates industry median Piotroski F-Score is 5.00. Mayar Holding Co's value of 2 is 60% below this industry median. Based on the distribution chart, Mayar Holding Co ranks #535 out of 559 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Mayar Holding Co has a GF Score™ of 22/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mayar Holding Co's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Mayar Holding Co ranks #535 out of 559 companies for Piotroski F-Score. This places Mayar Holding Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Mayar Holding Co's value of 2 is 60% below this benchmark. Historically, Mayar Holding 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 5.00 vs. the industry median of 5.00, Mayar Holding 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 559 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. Mayar Holding Co's current Piotroski F-Score of 2 is 60% 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 Mayar Holding Co and its competitors. For the Conglomerates 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. Mayar Holding Co's current Piotroski F-Score is 2, which is 60% 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 Mayar Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Mayar Holding Co (SAU:9568) is currently considered Possible Value Trap. The stock's GF Value™ is ﷼3.76, compared to a current price of ﷼2.60 — trading 30.9% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Conglomerates industry median of 5.00. Mayar Holding Co's overall GF Score™ is 22/100 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 Mayar Holding Co (SAU:9568), the current Piotroski F-Score is 2 as of Jul. 18, 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 Mayar Holding Co (SAU:9568) Overvalued in 2026?
Based on GuruFocus' analysis, Mayar Holding Co stock appears to be undervalued.
The current stock price of ﷼2.60 is trading 30.9% below its estimated GF Value™ of ﷼3.76.
GuruFocus considers Mayar Holding Co to be Possible Value Trap.
Key valuation signals for SAU:9568:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: ﷼3.76 vs. price of ﷼2.60 (30.9% below fair value)
Industry Position: 60% below the Conglomerates median (#535 of 559)
No single metric tells the full story. See the SAU:9568 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayar Holding Co is a Saudi Arabia-based company. It engaged in managing subsidiaries of holding companies owning real estate and movables necessary for holding companies, providing loans, guarantees, and financing for subsidiaries of holding companies, and owning and leasing industrial property rights to subsidiaries of holding companies. It has three reportable segments Elevators and escalators segment, Feed Poultry and agriculture segment, and Plastic segment. The maximum of its revenue comes from Feed Poultry and agriculture segment which produces compound feed for Poultry, Cattle, Poultry distribution, and sale.
22GF Score
Get the complete analysis for SAU:9568
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SAU:9568 has been successfully added to your 
