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MDU Resources GroupFRA:MRE -0.58%74 Piotroski F-Score is 5 as of Aug. 02, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates FRA:MRE with a GF Score™ of 74/100 and a GF Value™ of €15.23 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 491 Utilities - Regulated companies, MDU Resources Group ranks worse than 53.16% 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
MDU Resources Group 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 MDU Resources Group's Piotroski F-Score or its related term are showing as below:
FRA:MRE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of MDU Resources Group was 8. The lowest was 3. And the median was 6.
MDU Resources Group (FRA:MRE) 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.
MDU Resources Group Piotroski F-Score Related Terms
MDU Resources Group Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for MDU Resources Group'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:MRE vs SR, OGS, CPK: Piotroski F-Score Comparison
For the Utilities - Regulated Gas subindustry, MDU Resources Group'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.
MDU Resources Group Piotroski F-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, MDU Resources Group's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MDU Resources Group'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.
MDU Resources Group's current Net Income (TTM) was 163.
==> 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.
MDU Resources Group's return on assets of this year was 0.02525855. MDU Resources Group's return on assets of last year was 0.03367084.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
MDU Resources Group's gearing of this year was 0.32448661. MDU Resources Group's gearing of last year was 0.267496.
==> 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
MDU Resources Group's current ratio of this year was 0.77894671. MDU Resources Group's current ratio of last year was 0.85340632.
==> 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.
MDU Resources Group's number of shares in issue this year was 206.994. MDU Resources Group's number of shares in issue last year was 204.959.
==> 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.
MDU Resources Group's gross margin of this year was 0.33999977. MDU Resources Group's gross margin of last year was 0.3211131.
==> 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
MDU Resources Group's asset turnover of this year was 0.24118907. MDU Resources Group's asset turnover of last year was 0.23800969.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MDU Resources Group has an F-score of 5 indicating the company's financial situation is typical for a stable company.
MDU Resources Group (FRA:MRE) has a Piotroski F-Score of 5 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MDU Resources Group and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, MDU Resources Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, MDU Resources Group ranks #261 out of 491 companies in the Utilities - Regulated industry, placing it in the top 53.2%.
Is MDU Resources Group's Piotroski F-Score too high?
MDU Resources Group'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 3.00 to a high of 8.00. The Utilities - Regulated industry median Piotroski F-Score is 6.00. MDU Resources Group's value of 5 is 16.7% below this industry median. Based on the distribution chart, MDU Resources Group ranks #261 out of 491 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, MDU Resources Group has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MDU Resources Group's Piotroski F-Score compare to SR and OGS?
According to the Utilities - Regulated industry distribution chart, MDU Resources Group ranks #261 out of 491 companies for Piotroski F-Score. This places MDU Resources Group in the lower half of its industry. The industry median Piotroski F-Score is 6.00. MDU Resources Group's value of 5 is 16.7% below this benchmark. Historically, MDU Resources Group's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, MDU Resources Group 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 Utilities - Regulated company?
The median Piotroski F-Score among Utilities - Regulated companies is 6.00, based on 491 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. MDU Resources Group's current Piotroski F-Score of 5 is 16.7% 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 MDU Resources Group and its competitors. For the Utilities - Regulated industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MDU Resources Group'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 MDU Resources Group stock overvalued right now?
Based on GuruFocus' analysis, MDU Resources Group (FRA:MRE) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.23, compared to a current price of €17.20 — trading 12.9% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the Utilities - Regulated industry median of 6.00. MDU Resources Group's overall GF Score™ is 74/100 with 5 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 MDU Resources Group (FRA:MRE), the current Piotroski F-Score is 5 as of Aug. 02, 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 MDU Resources Group (FRA:MRE) Overvalued in 2026?
Based on GuruFocus' analysis, MDU Resources Group stock appears to be overvalued.
The current stock price of €17.20 is trading 12.9% above its estimated GF Value™ of €15.23.
GuruFocus considers MDU Resources Group to be Modestly Overvalued.
Key valuation signals for FRA:MRE:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: €15.23 vs. price of €17.20 (12.9% above fair value)
Industry Position: 16.7% below the Utilities - Regulated median (#261 of 491)
No single metric tells the full story. See the FRA:MRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MDU Resources Group Inc is a pure-play regulated energy delivery business. It is organized into three reportable business segments: Electric, Natural Gas Distribution, and Pipeline. Maximum revenue is generated from the Pipeline segment, which provides natural gas transportation and underground storage services through a FERC-regulated pipeline system mainly in the Rocky Mountain and northern Great Plains regions of the United States. This segment also provides non-regulated energy-related services, including cathodic protection. The electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming, and the natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon, and Washington.
74GF Score
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