Metsa Board OyjFRA:MSRB +0.73%64 Piotroski F-Score is 2 as of Jun. 26, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates FRA:MSRB with a GF Score™ of 64/100 and a GF Value™ of €3.50. The stock has 6 warning signs investors should review. Among 389 Packaging & Containers companies, Metsa Board Oyj ranks worse than 96.14% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Metsa Board Oyj has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Metsa Board Oyj's Piotroski F-Score or its related term are showing as below:
FRA:MSRB'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 9
Current: 2
During the past 13 years, the highest Piotroski F-Score of Metsa Board Oyj was 9. The lowest was 2. And the median was 5.
Metsa Board Oyj (FRA:MSRB) 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.
Metsa Board Oyj Piotroski F-Score Related Terms
Metsa Board Oyj Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Metsa Board Oyj'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:MSRB vs SW, PKG, AMCR: Piotroski F-Score Comparison
For the Packaging & Containers subindustry, Metsa Board Oyj'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.
Metsa Board Oyj Piotroski F-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Metsa Board Oyj's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Metsa Board Oyj'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.
Metsa Board Oyj's current Net Income (TTM) was -164.
==> 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.
Metsa Board Oyj's return on assets of this year was -0.05324562. Metsa Board Oyj's return on assets of last year was 0.001774.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Metsa Board Oyj's gearing of this year was 0.169097. Metsa Board Oyj's gearing of last year was 0.13708024.
==> 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
Metsa Board Oyj's current ratio of this year was 1.64616212. Metsa Board Oyj's current ratio of last year was 1.79365904.
==> 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.
Metsa Board Oyj's number of shares in issue this year was 367.5. Metsa Board Oyj's number of shares in issue last year was 350.
==> 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.
Metsa Board Oyj's gross margin of this year was 0.19478827. Metsa Board Oyj's gross margin of last year was 0.23202108.
==> 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
Metsa Board Oyj's asset turnover of this year was 0.54720161. Metsa Board Oyj's asset turnover of last year was 0.6478779.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Metsa Board Oyj has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Metsa Board Oyj (FRA:MSRB) has a Piotroski F-Score of 2 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Metsa Board Oyj and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Metsa Board Oyj's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Metsa Board Oyj ranks #374 out of 389 companies in the Packaging & Containers industry, placing it in the top 96.1%.
Is Metsa Board Oyj's Piotroski F-Score too high?
Metsa Board Oyj's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Metsa Board Oyj's value of 2 is 60% below this industry median. Based on the distribution chart, Metsa Board Oyj ranks #374 out of 389 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Metsa Board Oyj has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Metsa Board Oyj's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Metsa Board Oyj ranks #374 out of 389 companies for Piotroski F-Score. This places Metsa Board Oyj in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Metsa Board Oyj's value of 2 is 60% below this benchmark. Historically, Metsa Board Oyj'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 5.00 vs. the industry median of 5.00, Metsa Board Oyj 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 a Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 389 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. Metsa Board Oyj's current Piotroski F-Score of 2 is 60% 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 Metsa Board Oyj and its competitors. For the Packaging & Containers 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. Metsa Board Oyj's current Piotroski F-Score is 2, which is 60% below 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 Metsa Board Oyj stock overvalued right now?
Metsa Board Oyj (FRA:MSRB) has a current Piotroski F-Score of 2. The stock's GF Value™ is €3.50, compared to a current price of €2.76 — trading 21.2% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Packaging & Containers industry median of 5.00. Metsa Board Oyj's overall GF Score™ is 64/100 with 6 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 Metsa Board Oyj (FRA:MSRB), the current Piotroski F-Score is 2 as of Jun. 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 Metsa Board Oyj (FRA:MSRB) Overvalued in 2026?
Based on GuruFocus' analysis, Metsa Board Oyj stock appears to be undervalued.
The current stock price of €2.76 is trading 21.2% below its estimated GF Value™ of €3.50.
Key valuation signals for FRA:MSRB:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: €3.50 vs. price of €2.76 (21.2% below fair value)
Industry Position: 60% below the Packaging & Containers median (#374 of 389)
No single metric tells the full story. See the FRA:MSRB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metsa Board Oyj is the European producer of premium lightweight paperboards. Its product portfolio includes pulp, boxboard, and linerboard, which are used in foodservice and consumer goods packaging. The company's customers are typically boxboard printers, carton board manufacturers in the food, cosmetics, and pharmaceutical industries, and manufacturers of branded goods and wholesalers. It operates fiber mills that produce its fiber-based products from timber. The Company operates in European Nations like Germany, Sweden, Spain, etc., and also in other countries like the UK, Norway, Canada, Asia, and Turkey. The majority of the revenue is generated in Europe.
64GF Score
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