Digital Research Co (SAU:9621) Piotroski F-Score: 4 (As of Jul. 31, 2026) — Near Median

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SAU:9621 Digital Research Co SAU:9621
20 GF Score
Price ﷼19.00
! 3 Warning Signs
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What is Digital Research Co Piotroski F-Score?

Digital Research Co SAU:9621 +15.08% 20 Piotroski F-Score is 4 as of Jul. 31, 2026, which is at its 10-year median of 4.00. GuruFocus rates SAU:9621 with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 1,065 Business Services companies, Digital Research Co ranks worse than 69.77% 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

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

SAU:9621' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 4   Max: 4
Current: 4

During the past 3 years, the highest Piotroski F-Score of Digital Research Co was 4. The lowest was 4. And the median was 4.

Digital Research Co  (SAU:9621) 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.


Digital Research Co Piotroski F-Score Related Terms


Digital Research Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Digital Research 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.

Digital Research Co Piotroski F-Score Chart

Digital Research Co Annual Data
Trend Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00

Digital Research Co Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score N/A 0.00 N/A 0.00 4.00

SAU:9621 vs VRSK, EFX, BAH: Piotroski F-Score Comparison

For the Consulting Services subindustry, Digital Research 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.


Digital Research Co Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Digital Research Co's Piotroski F-Score distribution charts can be found below:

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


SAU:9621
20GF Score
Digital Research Co SAU:9621
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 ﷼-5.26 Mil.
Cash Flow from Operations was ﷼1.94 Mil.
Revenue was ﷼47.29 Mil.
Gross Profit was ﷼9.73 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (64.797 + 55.562) / 2 = ﷼60.1795 Mil.
Total Assets at the begining of this year (Dec24) was ﷼64.80 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼4.99 Mil.
Total Current Assets was ﷼43.47 Mil.
Total Current Liabilities was ﷼12.20 Mil.
Net Income was ﷼5.93 Mil.

Revenue was ﷼63.05 Mil.
Gross Profit was ﷼21.07 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (46.24 + 64.797) / 2 = ﷼55.5185 Mil.
Total Assets at the begining of last year (Dec23) was ﷼46.24 Mil.
Long-Term Debt & Capital Lease Obligation was ﷼6.67 Mil.
Total Current Assets was ﷼54.45 Mil.
Total Current Liabilities was ﷼15.83 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.

Digital Research Co's current Net Income (TTM) was -5.26. ==> 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.

Score 1 if positive, 0 if negative.

Digital Research Co's current Cash Flow from Operations (TTM) was 1.94. ==> 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)
=-5.261/64.797
=-0.08119203

ROA (Last Year)=Net Income/Total Assets (Dec23)
=5.929/46.24
=0.12822232

Digital Research Co's return on assets of this year was -0.08119203. Digital Research Co's return on assets of last year was 0.12822232. ==> 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.

Digital Research Co's current Net Income (TTM) was -5.26. Digital Research Co's current Cash Flow from Operations (TTM) was 1.94. ==> 1.94 > -5.26 ==> 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
=4.986/60.1795
=0.08285213

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6.665/55.5185
=0.12005007

Digital Research Co's gearing of this year was 0.08285213. Digital Research Co's gearing of last year was 0.12005007. ==> 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
=43.468/12.199
=3.56324289

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=54.454/15.832
=3.43948964

Digital Research Co's current ratio of this year was 3.56324289. Digital Research Co's current ratio of last year was 3.43948964. ==> 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.

Digital Research Co's number of shares in issue this year was 2.715. Digital Research Co's number of shares in issue last year was 2.469. ==> 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
=9.73/47.29
=0.20575174

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21.072/63.054
=0.33418974

Digital Research Co's gross margin of this year was 0.20575174. Digital Research Co's gross margin of last year was 0.33418974. ==> 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)
=47.29/64.797
=0.72981774

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=63.054/46.24
=1.36362457

Digital Research Co's asset turnover of this year was 0.72981774. Digital Research Co's asset turnover of last year was 1.36362457. ==> 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+1+0+1+1+1+0+0+0
=4

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

Digital Research 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?
Digital Research Co (SAU:9621) has a Piotroski F-Score of 4 as of Jul. 31, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Digital Research Co and its competitors. This is near median its historical median of 4.00. Over the past decade, Digital Research Co's Piotroski F-Score has ranged from 4.00 to 4.00. According to the industry distribution chart, Digital Research Co ranks #743 out of 1065 companies in the Business Services industry, placing it in the top 69.8%.
Is Digital Research Co's Piotroski F-Score too high?
Digital Research Co's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 4.00. The Business Services industry median Piotroski F-Score is 5.00. Digital Research Co's value of 4 is 20% below this industry median. Based on the distribution chart, Digital Research Co ranks #743 out of 1065 companies in the Business Services industry, which is below the industry midpoint. Overall, Digital Research Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Digital Research Co's Piotroski F-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, Digital Research Co ranks #743 out of 1065 companies for Piotroski F-Score. This places Digital Research Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Digital Research Co's value of 4 is 20% below this benchmark. Historically, Digital Research Co's own Piotroski F-Score has ranged from 4.00 to 4.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Digital Research 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,065 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. Digital Research 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 Digital Research Co and its competitors. For the Business Services 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. Digital Research Co's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Research Co stock overvalued right now?
Digital Research Co (SAU:9621) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Business Services industry median of 5.00. Digital Research Co's overall GF Score™ is 20/100 with 3 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 Digital Research Co (SAU:9621), the current Piotroski F-Score is 4 as of Jul. 31, 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.

Digital Research Co Business Description

Address Roshen Business Front, Building N8, P.O. Box 1234, King Khalid International Airport, Riyadh, SAU, 13413
Digital Research Co is a joint stock consulting company specializing in Market Research and Data Analytics with international expertise and local talent. It takes pride in its capabilities, approach, adoption of state of the art technologies and deep cultural understanding to serve as a trusted advisor to its clients. The company derives majority of its revenue from Saudi Arabia only.
20GF Score

Get the complete analysis for SAU:9621

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

﷼19.00
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