Michelmersh Brick Holdings (FRA:MPO) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 17% Below Median


FRA:MPO Michelmersh Brick Holdings PLC FRA:MPO
77 GF Score
Price €0.89
GF Value €1.11
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Michelmersh Brick Holdings Piotroski F-Score?

Michelmersh Brick Holdings FRA:MPO 77 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates FRA:MPO with a GF Score™ of 77/100 and a GF Value™ of €1.11 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 395 Building Materials companies, Michelmersh Brick Holdings ranks better than 51.39% 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

Michelmersh Brick Holdings 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 Michelmersh Brick Holdings's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Michelmersh Brick Holdings was 7. The lowest was 5. And the median was 6.

Michelmersh Brick Holdings  (FRA:MPO) 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.


Michelmersh Brick Holdings Piotroski F-Score Related Terms


Michelmersh Brick Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Michelmersh Brick Holdings'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.

Michelmersh Brick Holdings Piotroski F-Score Chart

Michelmersh Brick Holdings 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 7.00 6.00 5.00 5.00

Michelmersh Brick Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 5.00 0.00 5.00

FRA:MPO vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Michelmersh Brick Holdings'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.


Michelmersh Brick Holdings Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Michelmersh Brick Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Michelmersh Brick Holdings's Piotroski F-Score falls into.


FRA:MPO
77GF Score
Michelmersh Brick Holdings PLC FRA:MPO
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 €4.17 Mil.
Cash Flow from Operations was €7.62 Mil.
Revenue was €78.76 Mil.
Gross Profit was €27.15 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (153.285 + 142.928) / 2 = €148.1065 Mil.
Total Assets at the begining of this year (Dec24) was €153.29 Mil.
Long-Term Debt & Capital Lease Obligation was €1.73 Mil.
Total Current Assets was €37.05 Mil.
Total Current Liabilities was €16.56 Mil.
Net Income was €7.37 Mil.

Revenue was €84.64 Mil.
Gross Profit was €30.34 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (143.909 + 153.285) / 2 = €148.597 Mil.
Total Assets at the begining of last year (Dec23) was €143.91 Mil.
Long-Term Debt & Capital Lease Obligation was €1.90 Mil.
Total Current Assets was €42.24 Mil.
Total Current Liabilities was €15.92 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.

Michelmersh Brick Holdings's current Net Income (TTM) was 4.17. ==> 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.

Michelmersh Brick Holdings's current Cash Flow from Operations (TTM) was 7.62. ==> 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)
=4.173/153.285
=0.0272238

ROA (Last Year)=Net Income/Total Assets (Dec23)
=7.37/143.909
=0.05121292

Michelmersh Brick Holdings's return on assets of this year was 0.0272238. Michelmersh Brick Holdings's return on assets of last year was 0.05121292. ==> 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.

Michelmersh Brick Holdings's current Net Income (TTM) was 4.17. Michelmersh Brick Holdings's current Cash Flow from Operations (TTM) was 7.62. ==> 7.62 > 4.17 ==> 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
=1.731/148.1065
=0.01168754

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1.902/148.597
=0.01279972

Michelmersh Brick Holdings's gearing of this year was 0.01168754. Michelmersh Brick Holdings's gearing of last year was 0.01279972. ==> 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
=37.05/16.562
=2.23704867

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=42.242/15.921
=2.6532253

Michelmersh Brick Holdings's current ratio of this year was 2.23704867. Michelmersh Brick Holdings's current ratio of last year was 2.6532253. ==> 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.

Michelmersh Brick Holdings's number of shares in issue this year was 92.543. Michelmersh Brick Holdings's number of shares in issue last year was 94.578. ==> 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
=27.153/78.763
=0.34474309

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30.335/84.642
=0.35839181

Michelmersh Brick Holdings's gross margin of this year was 0.34474309. Michelmersh Brick Holdings's gross margin of last year was 0.35839181. ==> 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)
=78.763/153.285
=0.51383371

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=84.642/143.909
=0.58816335

Michelmersh Brick Holdings's asset turnover of this year was 0.51383371. Michelmersh Brick Holdings's asset turnover of last year was 0.58816335. ==> 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+0+0
=5

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

Michelmersh Brick Holdings 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?
Michelmersh Brick Holdings (FRA:MPO) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Michelmersh Brick Holdings and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Michelmersh Brick Holdings' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Michelmersh Brick Holdings ranks #192 out of 395 companies in the Building Materials industry, placing it in the top 48.6%.
Is Michelmersh Brick Holdings' Piotroski F-Score too high?
Michelmersh Brick Holdings' 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 5.00 to a high of 7.00. The Building Materials industry median Piotroski F-Score is 5.00. Michelmersh Brick Holdings' value of 5 is 0% at this industry median. Based on the distribution chart, Michelmersh Brick Holdings ranks #192 out of 395 companies in the Building Materials industry, which is above the industry midpoint. Overall, Michelmersh Brick Holdings has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Michelmersh Brick Holdings' Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Michelmersh Brick Holdings ranks #192 out of 395 companies for Piotroski F-Score. This puts Michelmersh Brick Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Michelmersh Brick Holdings' value of 5 is 0% at this benchmark. Historically, Michelmersh Brick Holdings' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Michelmersh Brick Holdings 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 a Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 395 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. Michelmersh Brick Holdings'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 Michelmersh Brick Holdings and its competitors. For the Building Materials 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. Michelmersh Brick Holdings'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 Michelmersh Brick Holdings stock overvalued right now?
Based on GuruFocus' analysis, Michelmersh Brick Holdings (FRA:MPO) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.11, compared to a current price of €0.89 — trading 20.3% 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 0% at the Building Materials industry median of 5.00. Michelmersh Brick Holdings' overall GF Score™ is 77/100 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 Michelmersh Brick Holdings (FRA:MPO), the current Piotroski F-Score is 5 as of Jun. 25, 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 Michelmersh Brick Holdings (FRA:MPO) Overvalued in 2026?

Based on GuruFocus' analysis, Michelmersh Brick Holdings stock appears to be undervalued. The current stock price of €0.89 is trading 20.3% below its estimated GF Value™ of €1.11. GuruFocus considers Michelmersh Brick Holdings to be Modestly Undervalued.

Key valuation signals for FRA:MPO:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: €1.11 vs. price of €0.89 (20.3% below fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 0% at the Building Materials median (#192 of 395)

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


Michelmersh Brick Holdings Business Description

Other Exchanges MBH:UK
Address Freshfield Lane, Danehill, Haywards Heath, West Sussex, GBR, RH17 7HH
Michelmersh Brick Holdings PLC is a business with brands, namely, Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren and Hathern Terra Cotta. These divisions operate within a fully integrated business combining the manufacture of clay bricks and pavers. The Group also includes a landfill operator, New Acres Ltd, and seeks to develop future landfill and development opportunities on ancillary land assets. It currently owns the UK's premium manufacturing brick brands and is a specification brick and clay paving manufacturer. Geographically, the majority is derived from the United Kingdom.
77GF Score

Get the complete analysis for FRA:MPO

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

€0.89
Price
€1.11
GF Value