Mavenome and Growth VCT (LSE:MIG1) Piotroski F-Score: 2 (As of Jul. 21, 2026) — 50% Below Median

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LSE:MIG1 Maven Income and Growth VCT PLC LSE:MIG1
35 GF Score
Price £0.33
! 6 Warning Signs
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What is Mavenome and Growth VCT Piotroski F-Score?

Mavenome and Growth VCT LSE:MIG1 35 Piotroski F-Score is 2 as of Jul. 21, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates LSE:MIG1 with a GF Score™ of 35/100. The stock has 6 warning signs investors should review. Among 1,594 Asset Management companies, Mavenome and Growth VCT ranks worse than 90.84% 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

Mavenome and Growth VCT 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 Mavenome and Growth VCT's Piotroski F-Score or its related term are showing as below:

LSE:MIG1' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 2

During the past 13 years, the highest Piotroski F-Score of Mavenome and Growth VCT was 7. The lowest was 2. And the median was 4.

Mavenome and Growth VCT  (LSE:MIG1) 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.


Mavenome and Growth VCT Piotroski F-Score Related Terms


Mavenome and Growth VCT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mavenome and Growth VCT'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.

Mavenome and Growth VCT Piotroski F-Score Chart

Mavenome and Growth VCT Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 2.00 3.00 4.00 2.00

Mavenome and Growth VCT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 3.00 0.00 4.00 0.00 2.00

LSE:MIG1 vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Mavenome and Growth VCT'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.


Mavenome and Growth VCT Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mavenome and Growth VCT's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Mavenome and Growth VCT's Piotroski F-Score falls into.


LSE:MIG1
35GF Score
Maven Income and Growth VCT PLC LSE:MIG1
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was £1.09 Mil.
Cash Flow from Operations was £-0.56 Mil.
Revenue was £1.57 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was (66.089 + 68.669) / 2 = £67.379 Mil.
Total Assets at the begining of this year (Feb25) was £66.09 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £68.67 Mil.
Total Liabilities was £0.52 Mil.
Net Income was £3.57 Mil.

Revenue was £3.96 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was (61.32 + 66.089) / 2 = £63.7045 Mil.
Total Assets at the begining of last year (Feb24) was £61.32 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £66.09 Mil.
Total Liabilities was £0.41 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.

Mavenome and Growth VCT's current Net Income (TTM) was 1.09. ==> 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.

Mavenome and Growth VCT's current Cash Flow from Operations (TTM) was -0.56. ==> Negative ==> Score 0.

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 (Feb25)
=1.09/66.089
=0.01649291

ROA (Last Year)=Net Income/Total Assets (Feb24)
=3.569/61.32
=0.05820287

Mavenome and Growth VCT's return on assets of this year was 0.01649291. Mavenome and Growth VCT's return on assets of last year was 0.05820287. ==> 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.

Mavenome and Growth VCT's current Net Income (TTM) was 1.09. Mavenome and Growth VCT's current Cash Flow from Operations (TTM) was -0.56. ==> -0.56 <= 1.09 ==> CFROA <= ROA ==> Score 0.

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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0/67.379
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0/63.7045
=0

Mavenome and Growth VCT's gearing of this year was 0. Mavenome and Growth VCT's gearing of last year was 0. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Feb26)=Total Assets/Total Liabilities
=68.669/0.519
=132.31021195

Current Ratio (Last Year: Feb25)=Total Assets/Total Liabilities
=66.089/0.409
=161.58679707

Mavenome and Growth VCT's current ratio of this year was 132.31021195. Mavenome and Growth VCT's current ratio of last year was 161.58679707. ==> 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.

Mavenome and Growth VCT's number of shares in issue this year was 180.389. Mavenome and Growth VCT's number of shares in issue last year was 160.671. ==> 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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=1.09/1.572
=0.69338422

Net Margin (Last Year: TTM)=Net Income/Revenue
=3.569/3.962
=0.90080767

Mavenome and Growth VCT's net margin of this year was 0.69338422. Mavenome and Growth VCT's net margin of last year was 0.90080767. ==> Last year's net 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 (Feb25)
=1.572/66.089
=0.02378611

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=3.962/61.32
=0.06461187

Mavenome and Growth VCT's asset turnover of this year was 0.02378611. Mavenome and Growth VCT's asset turnover of last year was 0.06461187. ==> 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+0+0+0+1+0+0+0+0
=2

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

Mavenome and Growth VCT has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Mavenome and Growth VCT (LSE:MIG1) has a Piotroski F-Score of 2 as of Jul. 21, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mavenome and Growth VCT and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, Mavenome and Growth VCT's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Mavenome and Growth VCT ranks #1448 out of 1594 companies in the Asset Management industry, placing it in the top 90.8%.
Is Mavenome and Growth VCT's Piotroski F-Score too high?
Mavenome and Growth VCT's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Mavenome and Growth VCT's value of 2 is 60% below this industry median. Based on the distribution chart, Mavenome and Growth VCT ranks #1448 out of 1594 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Mavenome and Growth VCT has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Mavenome and Growth VCT's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Mavenome and Growth VCT ranks #1448 out of 1594 companies for Piotroski F-Score. This places Mavenome and Growth VCT in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Mavenome and Growth VCT's value of 2 is 60% below this benchmark. Historically, Mavenome and Growth VCT's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Mavenome and Growth VCT 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 Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,594 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. Mavenome and Growth VCT'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 Mavenome and Growth VCT and its competitors. For the Asset Management 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. Mavenome and Growth VCT's current Piotroski F-Score is 2, which is 50% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mavenome and Growth VCT stock overvalued right now?
Mavenome and Growth VCT (LSE:MIG1) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Asset Management industry median of 5.00. Mavenome and Growth VCT's overall GF Score™ is 35/100 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 Mavenome and Growth VCT (LSE:MIG1), the current Piotroski F-Score is 2 as of Jul. 21, 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.

Mavenome and Growth VCT Business Description

Address 205 West George Street, Kintyre House, Glasgow, GBR, G2 2LW
Maven Income and Growth VCT PLC aims to achieve long-term capital appreciation and generate income for shareholders.
35GF Score

Get the complete analysis for LSE:MIG1

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

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