Mobile Factory (FRA:2MF) Piotroski F-Score: 6 (As of Sep. 06, 2026) — 20% Above Median

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FRA:2MF Mobile Factory Inc FRA:2MF
94 GF Score
Price €6.00
GF Value €5.79
! 1 Warning Sign
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What is Mobile Factory Piotroski F-Score?

Mobile Factory FRA:2MF +0.84% 94 Piotroski F-Score is 6 as of Sep. 06, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates FRA:2MF with a GF Score™ of 94/100 and a GF Value™ of €5.79. The stock has 1 warning sign investors should review. Among 552 Interactive Media companies, Mobile Factory ranks better than 79.53% 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

Mobile Factory has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Mobile Factory's Piotroski F-Score or its related term are showing as below:

FRA:2MF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of Mobile Factory was 7. The lowest was 3. And the median was 5.

Mobile Factory  (FRA:2MF) 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.


Mobile Factory Piotroski F-Score Related Terms


Mobile Factory Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mobile Factory'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.

Mobile Factory Piotroski F-Score Chart

Mobile Factory 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 7.00 5.00 5.00 7.00 6.00

Mobile Factory Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 Premium Member Only 0.00 0.00 6.00 0.00 0.00

FRA:2MF vs NTES, TTWO, RBLX: Piotroski F-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Mobile Factory'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.


Mobile Factory Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Mobile Factory's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mobile Factory's Piotroski F-Score falls into.


FRA:2MF
94GF Score
Mobile Factory Inc FRA:2MF
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 €2.68 Mil.
Cash Flow from Operations was €4.74 Mil.
Revenue was €18.77 Mil.
Gross Profit was €9.65 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (26.191 + 21.796) / 2 = €23.9935 Mil.
Total Assets at the begining of this year (Dec24) was €26.19 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €20.78 Mil.
Total Current Liabilities was €4.91 Mil.
Net Income was €4.34 Mil.

Revenue was €20.60 Mil.
Gross Profit was €10.14 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (24.649 + 26.191) / 2 = €25.42 Mil.
Total Assets at the begining of last year (Dec23) was €24.65 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €23.29 Mil.
Total Current Liabilities was €5.04 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.

Mobile Factory's current Net Income (TTM) was 2.68. ==> 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.

Mobile Factory's current Cash Flow from Operations (TTM) was 4.74. ==> 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)
=2.675/26.191
=0.10213432

ROA (Last Year)=Net Income/Total Assets (Dec23)
=4.341/24.649
=0.17611262

Mobile Factory's return on assets of this year was 0.10213432. Mobile Factory's return on assets of last year was 0.17611262. ==> 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.

Mobile Factory's current Net Income (TTM) was 2.68. Mobile Factory's current Cash Flow from Operations (TTM) was 4.74. ==> 4.74 > 2.68 ==> 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
=0/23.9935
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/25.42
=0

Mobile Factory's gearing of this year was 0. Mobile Factory's gearing of last year was 0. ==> 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
=20.78/4.906
=4.23562984

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=23.29/5.036
=4.62470214

Mobile Factory's current ratio of this year was 4.23562984. Mobile Factory's current ratio of last year was 4.62470214. ==> 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.

Mobile Factory's number of shares in issue this year was 7.22. Mobile Factory's number of shares in issue last year was 7.583. ==> 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
=9.646/18.773
=0.51382304

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=10.135/20.598
=0.49203806

Mobile Factory's gross margin of this year was 0.51382304. Mobile Factory's gross margin of last year was 0.49203806. ==> This year's gross margin is higher. ==> Score 1.

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)
=18.773/26.191
=0.71677294

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=20.598/24.649
=0.83565256

Mobile Factory's asset turnover of this year was 0.71677294. Mobile Factory's asset turnover of last year was 0.83565256. ==> 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+1+0
=6

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

Mobile Factory has an F-score of 6 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 6 mean?
Mobile Factory (FRA:2MF) has a Piotroski F-Score of 6 as of Sep. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mobile Factory and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Mobile Factory's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Mobile Factory ranks #113 out of 552 companies in the Interactive Media industry, placing it in the top 20.5%.
Is Mobile Factory's Piotroski F-Score too high?
Mobile Factory's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The Interactive Media industry median Piotroski F-Score is 5.00. Mobile Factory's value of 6 is 20% above this industry median. Based on the distribution chart, Mobile Factory ranks #113 out of 552 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Mobile Factory has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Mobile Factory's Piotroski F-Score compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Mobile Factory ranks #113 out of 552 companies for Piotroski F-Score. This places Mobile Factory in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mobile Factory's value of 6 is 20% above this benchmark. Historically, Mobile Factory's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Mobile Factory 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 552 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. Mobile Factory's current Piotroski F-Score of 6 is 20% 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 Mobile Factory and its competitors. For the Interactive Media 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. Mobile Factory's current Piotroski F-Score is 6, which is 20% above 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 Mobile Factory stock overvalued right now?
Mobile Factory (FRA:2MF) has a current Piotroski F-Score of 6. The stock's GF Value™ is €5.79, compared to a current price of €6.00 — trading 3.6% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Interactive Media industry median of 5.00. Mobile Factory's overall GF Score™ is 94/100 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 Mobile Factory (FRA:2MF), the current Piotroski F-Score is 6 as of Sep. 06, 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 Mobile Factory (FRA:2MF) Overvalued in 2026?

Based on GuruFocus' analysis, Mobile Factory stock appears to be overvalued. The current stock price of €6.00 is trading 3.6% above its estimated GF Value™ of €5.79.

Key valuation signals for FRA:2MF:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: €5.79 vs. price of €6.00 (3.6% above fair value)
  • GF Score™: 94/100 with 1 warning sign
  • Industry Position: 20% above the Interactive Media median (#113 of 552)

No single metric tells the full story. See the FRA:2MF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mobile Factory Business Description

Other Exchanges 3912:Japan
Address 5-22-33 Higashi-Gotanda, 2th Floor, TK Ikedayama Building, Shinagawa-ku, Tokyo, JPN, 141-0022
Mobile Factory Inc engages in the Mobile game businesss and content businesses in Japan. The company develops social games and communication tools; and produces mobile content. It also produces mobile music content and other music, such as ringtones. Social Application Service is focus on delivering services of game application through SNS platforms and application markets. Contents Service mainly provides sites, such as ringer melody and divination sites, which are operated by telecommunication carriers. The company generates key revenue from the Mobile gaming business.
94GF Score

Get the complete analysis for FRA:2MF

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

€6.00
Price
€5.79
GF Value