MAG Interactive AB (FRA:MHK) Piotroski F-Score: 4 (As of Jul. 26, 2026) — 33% Below Median

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FRA:MHK MAG Interactive AB FRA:MHK
67 GF Score
Price €0.65
GF Value €0.72
! 2 Warning Signs
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What is MAG Interactive AB Piotroski F-Score?

MAG Interactive AB FRA:MHK -0.31% 67 Piotroski F-Score is 4 as of Jul. 26, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates FRA:MHK with a GF Score™ of 67/100 and a GF Value™ of €0.72. The stock has 2 warning signs investors should review. Among 550 Interactive Media companies, MAG Interactive AB ranks worse than 61.64% 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

MAG Interactive AB 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 MAG Interactive AB's Piotroski F-Score or its related term are showing as below:

FRA:MHK' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 4

During the past 11 years, the highest Piotroski F-Score of MAG Interactive AB was 9. The lowest was 2. And the median was 6.

MAG Interactive AB  (FRA:MHK) 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.


MAG Interactive AB Piotroski F-Score Related Terms


MAG Interactive AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MAG Interactive AB'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.

MAG Interactive AB Piotroski F-Score Chart

MAG Interactive AB Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 7.00 8.00 6.00 6.00

MAG Interactive AB Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 6.00 6.00 4.00 5.00 4.00

FRA:MHK vs NTES, EA, TTWO: Piotroski F-Score Comparison

For the Electronic Gaming & Multimedia subindustry, MAG Interactive AB'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.


MAG Interactive AB Piotroski F-Score vs Interactive Media Industry

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

* The bar in red indicates where MAG Interactive AB's Piotroski F-Score falls into.


FRA:MHK
67GF Score
MAG Interactive AB FRA:MHK
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 (May26) TTM:Last Year (May25) TTM:
Net Income was -0.731 + -0.057 + 0.043 + -0.147 = €-0.89 Mil.
Cash Flow from Operations was 0.55 + 0.837 + 2.187 + 1.614 = €5.19 Mil.
Revenue was 6.89 + 6.436 + 6.049 + 6.011 = €25.39 Mil.
Gross Profit was 6.211 + 6.429 + 6.109 + 6.128 = €24.88 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(33.718 + 32.381 + 34.043 + 35.455 + 35.039) / 5 = €34.1272 Mil.
Total Assets at the begining of this year (May25) was €33.72 Mil.
Long-Term Debt & Capital Lease Obligation was €2.15 Mil.
Total Current Assets was €11.24 Mil.
Total Current Liabilities was €3.90 Mil.
Net Income was 0.125 + 0.233 + -0.037 + -0.326 = €-0.00 Mil.

Revenue was 5.804 + 5.958 + 5.962 + 5.78 = €23.50 Mil.
Gross Profit was 5.194 + 5.77 + 5.527 + 5.494 = €21.99 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(35.112 + 35.097 + 34.767 + 33.2 + 33.718) / 5 = €34.3788 Mil.
Total Assets at the begining of last year (May24) was €35.11 Mil.
Long-Term Debt & Capital Lease Obligation was €0.38 Mil.
Total Current Assets was €12.11 Mil.
Total Current Liabilities was €3.51 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.

MAG Interactive AB's current Net Income (TTM) was -0.89. ==> 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.

MAG Interactive AB's current Cash Flow from Operations (TTM) was 5.19. ==> 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 (May25)
=-0.892/33.718
=-0.02645471

ROA (Last Year)=Net Income/Total Assets (May24)
=-0.005/35.112
=-0.0001424

MAG Interactive AB's return on assets of this year was -0.02645471. MAG Interactive AB's return on assets of last year was -0.0001424. ==> 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.

MAG Interactive AB's current Net Income (TTM) was -0.89. MAG Interactive AB's current Cash Flow from Operations (TTM) was 5.19. ==> 5.19 > -0.89 ==> 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: May26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May25 to May26
=2.149/34.1272
=0.0629703

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=0.384/34.3788
=0.01116967

MAG Interactive AB's gearing of this year was 0.0629703. MAG Interactive AB's gearing of last year was 0.01116967. ==> 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: May26)=Total Current Assets/Total Current Liabilities
=11.238/3.899
=2.88227751

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=12.107/3.511
=3.44830533

MAG Interactive AB's current ratio of this year was 2.88227751. MAG Interactive AB's current ratio of last year was 3.44830533. ==> 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.

MAG Interactive AB's number of shares in issue this year was 26.541. MAG Interactive AB's number of shares in issue last year was 26.495. ==> 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
=24.877/25.386
=0.97994958

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=21.985/23.504
=0.9353727

MAG Interactive AB's gross margin of this year was 0.97994958. MAG Interactive AB's gross margin of last year was 0.9353727. ==> 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 (May25)
=25.386/33.718
=0.75289163

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=23.504/35.112
=0.66940077

MAG Interactive AB's asset turnover of this year was 0.75289163. MAG Interactive AB's asset turnover of last year was 0.66940077. ==> This year's asset turnover is higher. ==> Score 1.

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+0+0+0+1+1
=4

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

MAG Interactive AB 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?
MAG Interactive AB (FRA:MHK) has a Piotroski F-Score of 4 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MAG Interactive AB and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, MAG Interactive AB's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, MAG Interactive AB ranks #339 out of 550 companies in the Interactive Media industry, placing it in the top 61.6%.
Is MAG Interactive AB's Piotroski F-Score too high?
MAG Interactive AB's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Interactive Media industry median Piotroski F-Score is 5.00. MAG Interactive AB's value of 4 is 20% below this industry median. Based on the distribution chart, MAG Interactive AB ranks #339 out of 550 companies in the Interactive Media industry, which is below the industry midpoint. Overall, MAG Interactive AB has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does MAG Interactive AB's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, MAG Interactive AB ranks #339 out of 550 companies for Piotroski F-Score. This places MAG Interactive AB in the lower half of its industry. The industry median Piotroski F-Score is 5.00. MAG Interactive AB's value of 4 is 20% below this benchmark. Historically, MAG Interactive AB's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, MAG Interactive AB 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. MAG Interactive AB'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 MAG Interactive AB 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. MAG Interactive AB's current Piotroski F-Score is 4, which is 33% 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 MAG Interactive AB stock overvalued right now?
MAG Interactive AB (FRA:MHK) has a current Piotroski F-Score of 4. The stock's GF Value™ is €0.72, compared to a current price of €0.65 — trading 10.3% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Interactive Media industry median of 5.00. MAG Interactive AB's overall GF Score™ is 67/100 with 2 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 MAG Interactive AB (FRA:MHK), the current Piotroski F-Score is 4 as of Jul. 26, 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 MAG Interactive AB (FRA:MHK) Overvalued in 2026?

Based on GuruFocus' analysis, MAG Interactive AB stock appears to be undervalued. The current stock price of €0.65 is trading 10.3% below its estimated GF Value™ of €0.72.

Key valuation signals for FRA:MHK:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: €0.72 vs. price of €0.65 (10.3% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 20% below the Interactive Media median (#339 of 550)

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


MAG Interactive AB Business Description

Other Exchanges MAGI:Sweden
Address Drottninggatan 95A, Stockholm, SWE, SE-113 60
MAG Interactive AB is a Sweden based company that operates in the international games market as a developer and publisher of casual mobile games. The company's portfolio of games contains word games, puzzle game, and trivia games. The games of the company include ruzzle, word domination, wordbrain, wordbrain2, paint hit, quiz duel, qordalot, and ruzzle adventure. It generates revenue from In-app purchases and Advertising sales. Geographically, it derives a majority of revenue from Sweden.
67GF Score

Get the complete analysis for FRA:MHK

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

€0.65
Price
€0.72
GF Value