Magnera (FRA:W2B) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


FRA:W2B Magnera Corp FRA:W2B
47 GF Score
Price €10.80
GF Value €4.73
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Magnera Piotroski F-Score?

Magnera FRA:W2B -0.92% 47 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates FRA:W2B with a GF Score™ of 47/100 and a GF Value™ of €4.73 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Magnera ranks better than 51.88% 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

Magnera 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 Magnera's Piotroski F-Score or its related term are showing as below:

FRA:W2B' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Magnera was 7. The lowest was 4. And the median was 5.

Magnera  (FRA:W2B) 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.


Magnera Piotroski F-Score Related Terms


Magnera Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Magnera'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.

Magnera Piotroski F-Score Chart

Magnera Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 4.00 4.00 5.00

Magnera Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 4.00 4.00 5.00 4.00 5.00

FRA:W2B vs HNST, NUS, HELE: Piotroski F-Score Comparison

For the Household & Personal Products subindustry, Magnera'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.


Magnera Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Magnera's Piotroski F-Score distribution charts can be found below:

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


FRA:W2B
47GF Score
Magnera Corp FRA:W2B
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Sep25) TTM:Last Year (Sep24) TTM:
Net Income was -57.3 + -37.925 + -15.606 + -34.08 = €-145 Mil.
Cash Flow from Operations was -55.39 + 60.125 + 0 + 81.792 = €87 Mil.
Revenue was 670.41 + 762.2 + 727.413 + 714.828 = €2,875 Mil.
Gross Profit was 67.805 + 81.4 + 78.03 + 74.976 = €302 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was
(1370.982 + 3813.315 + 3756.425 + 3565.104 + 3398.628) / 5 = €3180.8908 Mil.
Total Assets at the begining of this year (Sep24) was €1,371 Mil.
Long-Term Debt & Capital Lease Obligation was €0 Mil.
Total Current Assets was €1,212 Mil.
Total Current Liabilities was €2,175 Mil.
Net Income was -7.947 + -24.239 + -15.123 + -13.738 = €-61 Mil.

Revenue was 293.79 + 301.076 + 306.053 + 299.223 = €1,200 Mil.
Gross Profit was 28.311 + 31.749 + 34.175 + 31.968 = €126 Mil.
Average Total Assets from the begining of last year (Sep23)
to the end of last year (Sep24) was
(1436.339 + 1434.001 + 1395.853 + 1398.166 + 1370.982) / 5 = €1407.0682 Mil.
Total Assets at the begining of last year (Sep23) was €1,436 Mil.
Long-Term Debt & Capital Lease Obligation was €793 Mil.
Total Current Assets was €528 Mil.
Total Current Liabilities was €237 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.

Magnera's current Net Income (TTM) was -145. ==> 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.

Magnera's current Cash Flow from Operations (TTM) was 87. ==> 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 (Sep24)
=-144.911/1370.982
=-0.10569869

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-61.047/1436.339
=-0.0425018

Magnera's return on assets of this year was -0.10569869. Magnera's return on assets of last year was -0.0425018. ==> 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.

Magnera's current Net Income (TTM) was -145. Magnera's current Cash Flow from Operations (TTM) was 87. ==> 87 > -145 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep24 to Sep25
=0/3180.8908
=0

Gearing (Last Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=792.865/1407.0682
=0.56348726

Magnera's gearing of this year was 0. Magnera's gearing of last year was 0.56348726. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=1212.396/2175.156
=0.55738347

Current Ratio (Last Year: Sep24)=Total Current Assets/Total Current Liabilities
=528.043/236.779
=2.23010909

Magnera's current ratio of this year was 0.55738347. Magnera's current ratio of last year was 2.23010909. ==> 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.

Magnera's number of shares in issue this year was 35.6. Magnera's number of shares in issue last year was 3.496. ==> 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
=302.211/2874.851
=0.10512232

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=126.203/1200.142
=0.10515672

Magnera's gross margin of this year was 0.10512232. Magnera's gross margin of last year was 0.10515672. ==> 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 (Sep24)
=2874.851/1370.982
=2.09692833

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=1200.142/1436.339
=0.83555623

Magnera's asset turnover of this year was 2.09692833. Magnera's asset turnover of last year was 0.83555623. ==> 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+1+0+0+0+1
=4

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

Magnera 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 5 mean?
Magnera (FRA:W2B) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Magnera and its competitors. This is near median its historical median of 5.00. Over the past decade, Magnera's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Magnera ranks #919 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 48.1%.
Is Magnera's Piotroski F-Score too high?
Magnera's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Magnera's value of 5 is 0% at this industry median. Based on the distribution chart, Magnera ranks #919 out of 1910 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Magnera has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magnera's Piotroski F-Score compare to HNST and NUS?
According to the Consumer Packaged Goods industry distribution chart, Magnera ranks #919 out of 1910 companies for Piotroski F-Score. This puts Magnera in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Magnera's value of 5 is 0% at this benchmark. Historically, Magnera's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Magnera 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 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. Magnera'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 Magnera and its competitors. For the Consumer Packaged Goods 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. Magnera's current Piotroski F-Score is 5, which is near 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 Magnera stock overvalued right now?
Based on GuruFocus' analysis, Magnera (FRA:W2B) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.73, compared to a current price of €10.80 — trading 128.3% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. Magnera's overall GF Score™ is 47/100 with 8 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 Magnera (FRA:W2B), the current Piotroski F-Score is 5 as of Jun. 28, 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 Magnera (FRA:W2B) Overvalued in 2026?

Based on GuruFocus' analysis, Magnera stock appears to be overvalued. The current stock price of €10.80 is trading 128.3% above its estimated GF Value™ of €4.73. GuruFocus considers Magnera to be Significantly Overvalued.

Key valuation signals for FRA:W2B:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: €4.73 vs. price of €10.80 (128.3% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#919 of 1910)

No single metric tells the full story. See the FRA:W2B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Magnera Business Description

Other Exchanges MAGN:USA
Address 9335 Harris Corners parkway, Suite 300, Charlotte, NC, USA, 28269
Magnera Corp is a supplier of a diverse portfolio of specialty materials comprised of organic and synthetic raw ingredients. The company markets its own products predominantly into stable, consumer-oriented end markets, including wipes, healthcare, adult incontinence, apparel, baby, feminine care, air filtration, and food and beverage, for disposable and durable applications. It also provides technical solutions in infrastructure markets. The company's operations are organized into two operating and reportable segments: Americas and Rest of World. It derives the majority of its revenue from the Americas, which manufactures products and components of personal care, including medical garments, wipes, dryer sheets, filtration, baby diapers and adult incontinence.
47GF Score

Get the complete analysis for FRA:W2B

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

€10.80
Price
€4.73
GF Value