Mulkia Investment Co (SAU:9585) Piotroski F-Score: 5 (As of Jul. 07, 2026) — Near Median


SAU:9585 Mulkia Investment Co SAU:9585
26 GF Score
Price ﷼39.88
! 7 Warning Signs
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What is Mulkia Investment Co Piotroski F-Score?

Mulkia Investment Co SAU:9585 26 Piotroski F-Score is 5 as of Jul. 07, 2026, which is at its 10-year median of 5.00. GuruFocus rates SAU:9585 with a GF Score™ of 26/100. The stock has 7 warning signs investors should review. Among 1,601 Asset Management companies, Mulkia Investment Co ranks better than 64.71% 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

Mulkia Investment 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 Mulkia Investment Co's Piotroski F-Score or its related term are showing as below:

SAU:9585' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 5
Current: 5

During the past 4 years, the highest Piotroski F-Score of Mulkia Investment Co was 5. The lowest was 4. And the median was 5.

Mulkia Investment Co  (SAU:9585) 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.


Mulkia Investment Co Piotroski F-Score Related Terms


Mulkia Investment Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mulkia Investment 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.

Mulkia Investment Co Piotroski F-Score Chart

Mulkia Investment Co Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00 5.00

Mulkia Investment Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 4.00 0.00 5.00

SAU:9585 vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Mulkia Investment 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.


Mulkia Investment Co Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mulkia Investment Co's Piotroski F-Score distribution charts can be found below:

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


SAU:9585
26GF Score
Mulkia Investment Co SAU:9585
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 ﷼16.68 Mil.
Cash Flow from Operations was ﷼18.85 Mil.
Revenue was ﷼38.70 Mil.
Gross Profit was ﷼24.21 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (113.564 + 120.464) / 2 = ﷼117.014 Mil.
Total Assets at the begining of this year (Dec24) was ﷼113.56 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼11.62 Mil.
Total Current Assets was ﷼78.35 Mil.
Total Current Liabilities was ﷼8.73 Mil.
Net Income was ﷼24.27 Mil.

Revenue was ﷼45.96 Mil.
Gross Profit was ﷼32.73 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (106.711 + 113.564) / 2 = ﷼110.1375 Mil.
Total Assets at the begining of last year (Dec23) was ﷼106.71 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼6.05 Mil.
Total Current Assets was ﷼73.30 Mil.
Total Current Liabilities was ﷼9.25 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.

Mulkia Investment Co's current Net Income (TTM) was 16.68. ==> 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.

Mulkia Investment Co's current Cash Flow from Operations (TTM) was 18.85. ==> 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)
=16.677/113.564
=0.14685111

ROA (Last Year)=Net Income/Total Assets (Dec23)
=24.27/106.711
=0.22743672

Mulkia Investment Co's return on assets of this year was 0.14685111. Mulkia Investment Co's return on assets of last year was 0.22743672. ==> 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.

Mulkia Investment Co's current Net Income (TTM) was 16.68. Mulkia Investment Co's current Cash Flow from Operations (TTM) was 18.85. ==> 18.85 > 16.68 ==> 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
=11.618/117.014
=0.09928726

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6.052/110.1375
=0.05494949

Mulkia Investment Co's gearing of this year was 0.09928726. Mulkia Investment Co's gearing of last year was 0.05494949. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=78.348/8.733
=8.97148746

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=73.295/9.247
=7.92635449

Mulkia Investment Co's current ratio of this year was 8.97148746. Mulkia Investment Co's current ratio of last year was 7.92635449. ==> 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.

Mulkia Investment Co's number of shares in issue this year was 7.8. Mulkia Investment Co's number of shares in issue last year was 7.8. ==> 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
=24.207/38.699
=0.62552004

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=32.725/45.96
=0.7120322

Mulkia Investment Co's gross margin of this year was 0.62552004. Mulkia Investment Co's gross margin of last year was 0.7120322. ==> 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)
=38.699/113.564
=0.3407682

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=45.96/106.711
=0.43069599

Mulkia Investment Co's asset turnover of this year was 0.3407682. Mulkia Investment Co's asset turnover of last year was 0.43069599. ==> 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+1+0+0
=5

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

Mulkia Investment 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?
Mulkia Investment Co (SAU:9585) has a Piotroski F-Score of 5 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mulkia Investment Co and its competitors. This is near median its historical median of 5.00. Over the past decade, Mulkia Investment Co's Piotroski F-Score has ranged from 4.00 to 5.00. According to the industry distribution chart, Mulkia Investment Co ranks #565 out of 1601 companies in the Asset Management industry, placing it in the top 35.3%.
Is Mulkia Investment Co's Piotroski F-Score too high?
Mulkia Investment Co's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 5.00. The Asset Management industry median Piotroski F-Score is 5.00. Mulkia Investment Co's value of 5 is 0% at this industry median. Based on the distribution chart, Mulkia Investment Co ranks #565 out of 1601 companies in the Asset Management industry, which is above the industry midpoint. Overall, Mulkia Investment Co has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Mulkia Investment Co's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Mulkia Investment Co ranks #565 out of 1601 companies for Piotroski F-Score. This puts Mulkia Investment Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Mulkia Investment Co's value of 5 is 0% at this benchmark. Historically, Mulkia Investment Co's own Piotroski F-Score has ranged from 4.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Mulkia Investment 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. Mulkia Investment 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 Mulkia Investment Co and its competitors. For the Asset Management 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. Mulkia Investment Co's current Piotroski F-Score is 5, which is near 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 Mulkia Investment Co stock overvalued right now?
Mulkia Investment Co (SAU:9585) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Asset Management industry median of 5.00. Mulkia Investment Co's overall GF Score™ is 26/100 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 Mulkia Investment Co (SAU:9585), the current Piotroski F-Score is 5 as of Jul. 07, 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.

Mulkia Investment Co Business Description

Address 8565 Prince Abdul Aziz Bin Musaid Bin Jalawi Street, 1st floor, The Elite Mall, P.O Box 52775, Al Sulaimaniayah District, Riyadh, SAU, 12234
Mulkia Investment Co is engaged in securities business including: Dealing, Custody Securities, Managing investments and operating funds Managing investments, Arranging Financial advisor or corporate finance advisor and Advising Investment Advisor. It provides diversified and integrated financial and investment services tailored to suit the goals of individuals and institutions of different types and sizes. It operates in the field of asset management, arranging corporate finance, financial advice and research. KSA, USA and Europe represents the geographical concentration of assets, liabilities, revenues, and expenses of the company.
26GF Score

Get the complete analysis for SAU:9585

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

﷼39.88
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