Old MutualFRA:2KS -0.74%76 Piotroski F-Score is 5 as of Jun. 27, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates FRA:2KS with a GF Score™ of 76/100 and a GF Value™ of €1.02 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 329 Diversified Financial Services companies, Old Mutual ranks better than 82.37% 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
Old Mutual 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 Old Mutual's Piotroski F-Score or its related term are showing as below:
FRA:2KS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Old Mutual was 7. The lowest was 4. And the median was 6.
Old Mutual (FRA:2KS) 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.
Old Mutual Piotroski F-Score Related Terms
Old Mutual Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Old Mutual'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.
FRA:2KS vs FRHC, VOYA: Piotroski F-Score Comparison
For the Financial Conglomerates subindustry, Old Mutual'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.
Old Mutual Piotroski F-Score vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Old Mutual's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Old Mutual'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.
Old Mutual's current Net Income (TTM) was 427.
==> 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.
Old Mutual's return on assets of this year was 0.00659049. Old Mutual's return on assets of last year was 0.00705996.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Old Mutual's gearing of this year was 0.01667587. Old Mutual's gearing of last year was 0.02242634.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Old Mutual's current ratio of this year was 1.04832532. Old Mutual's current ratio of last year was 1.05265603.
==> 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.
Old Mutual's number of shares in issue this year was 4431. Old Mutual's number of shares in issue last year was 4502.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Old Mutual's net margin of this year was 0.03072827. Old Mutual's net margin of last year was 0.03797777.
==> Last year's net 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
Old Mutual's asset turnover of this year was 0.21447643. Old Mutual's asset turnover of last year was 0.18589727.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Old Mutual has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Old Mutual (FRA:2KS) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Old Mutual and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Old Mutual's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Old Mutual ranks #58 out of 329 companies in the Diversified Financial Services industry, placing it in the top 17.6%.
Is Old Mutual's Piotroski F-Score too high?
Old Mutual'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 4.00 to a high of 7.00. The Diversified Financial Services industry median Piotroski F-Score is 3.00. Old Mutual's value of 5 is 66.7% above this industry median. Based on the distribution chart, Old Mutual ranks #58 out of 329 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Old Mutual has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Old Mutual's Piotroski F-Score compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Old Mutual ranks #58 out of 329 companies for Piotroski F-Score. This places Old Mutual in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Old Mutual's value of 5 is 66.7% above this benchmark. Historically, Old Mutual'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 3.00, Old Mutual has consistently been above 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 Diversified Financial Services company?
The median Piotroski F-Score among Diversified Financial Services companies is 3.00, based on 329 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. Old Mutual's current Piotroski F-Score of 5 is 66.7% above 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 Old Mutual and its competitors. For the Diversified Financial Services industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Mutual'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 Old Mutual stock overvalued right now?
Based on GuruFocus' analysis, Old Mutual (FRA:2KS) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.02, compared to a current price of €0.67 — trading 34.3% 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 66.7% above the Diversified Financial Services industry median of 3.00. Old Mutual's overall GF Score™ is 76/100 with 1 warning sign 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 Old Mutual (FRA:2KS), the current Piotroski F-Score is 5 as of Jun. 27, 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 Old Mutual (FRA:2KS) Overvalued in 2026?
Based on GuruFocus' analysis, Old Mutual stock appears to be undervalued.
The current stock price of €0.67 is trading 34.3% below its estimated GF Value™ of €1.02.
GuruFocus considers Old Mutual to be Significantly Undervalued.
Key valuation signals for FRA:2KS:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: €1.02 vs. price of €0.67 (34.3% below fair value)
Industry Position: 66.7% above the Diversified Financial Services median (#58 of 329)
No single metric tells the full story. See the FRA:2KS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Old Mutual Ltd provides financial services that include wealth management, banking, asset management, and insurance. The firm is organized into the following operational segments: Old Mutual Life and Savings, Old Mutual Investments, Old Mutual Banking, Old Mutual Insure, Old Mutual Africa Regions, and Other Group Activities. The company generates key revenue from Old Mutual Life and Savings, which comprises retail and corporate segments offering risk, savings, investment, lending, and income products across diverse markets. This includes simple financial solutions for low- to lower-middle-income customers, holistic financial advice and tailored investment offerings for middle-income and high-net-worth individuals, and employee benefits and business solutions for SMEs.
76GF 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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