Mpac Group (LSE:MPAC) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 20% Below Median


LSE:MPAC Mpac Group PLC LSE:MPAC
61 GF Score
Price £2.50
GF Value £3.59
Valuation Possible Value Trap
! 4 Warning Signs
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What is Mpac Group Piotroski F-Score?

Mpac Group LSE:MPAC 61 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates LSE:MPAC with a GF Score™ of 61/100 and a GF Value™ of £3.59 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,979 Industrial Products companies, Mpac Group ranks worse than 65.16% 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

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

LSE:MPAC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Mpac Group was 7. The lowest was 2. And the median was 5.

Mpac Group  (LSE:MPAC) 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.


Mpac Group Piotroski F-Score Related Terms


Mpac Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mpac 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.

Mpac Group Piotroski F-Score Chart

Mpac Group 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 2.00 7.00 5.00 4.00

Mpac Group 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 7.00 0.00 5.00 0.00 4.00

LSE:MPAC vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, Mpac 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.


Mpac Group Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mpac Group's Piotroski F-Score distribution charts can be found below:

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


LSE:MPAC
61GF Score
Mpac Group PLC LSE:MPAC
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 £-9.5 Mil.
Cash Flow from Operations was £1.6 Mil.
Revenue was £174.1 Mil.
Gross Profit was £63.2 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (272.4 + 221.6) / 2 = £247 Mil.
Total Assets at the begining of this year (Dec24) was £272.4 Mil.
Long-Term Debt & Capital Lease Obligation was £14.2 Mil.
Total Current Assets was £87.3 Mil.
Total Current Liabilities was £119.8 Mil.
Net Income was £1.4 Mil.

Revenue was £122.4 Mil.
Gross Profit was £36.8 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (137.9 + 272.4) / 2 = £205.15 Mil.
Total Assets at the begining of last year (Dec23) was £137.9 Mil.
Long-Term Debt & Capital Lease Obligation was £22.0 Mil.
Total Current Assets was £94.3 Mil.
Total Current Liabilities was £120.5 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.

Mpac Group's current Net Income (TTM) was -9.5. ==> 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.

Mpac Group's current Cash Flow from Operations (TTM) was 1.6. ==> 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)
=-9.5/272.4
=-0.03487518

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1.4/137.9
=0.01015228

Mpac Group's return on assets of this year was -0.03487518. Mpac Group's return on assets of last year was 0.01015228. ==> 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.

Mpac Group's current Net Income (TTM) was -9.5. Mpac Group's current Cash Flow from Operations (TTM) was 1.6. ==> 1.6 > -9.5 ==> 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
=14.2/247
=0.05748988

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=22/205.15
=0.10723861

Mpac Group's gearing of this year was 0.05748988. Mpac Group's gearing of last year was 0.10723861. ==> 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
=87.3/119.8
=0.72871452

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=94.3/120.5
=0.78257261

Mpac Group's current ratio of this year was 0.72871452. Mpac Group's current ratio of last year was 0.78257261. ==> 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.

Mpac Group's number of shares in issue this year was 30.073. Mpac Group's number of shares in issue last year was 22.612. ==> 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
=63.2/174.1
=0.36300976

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=36.8/122.4
=0.30065359

Mpac Group's gross margin of this year was 0.36300976. Mpac Group's gross margin of last year was 0.30065359. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=174.1/272.4
=0.63913363

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=122.4/137.9
=0.88759971

Mpac Group's asset turnover of this year was 0.63913363. Mpac Group's asset turnover of last year was 0.88759971. ==> 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
=0+1+0+1+1+0+0+1+0
=4

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

Mpac Group 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 4 mean?
Mpac Group (LSE:MPAC) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mpac Group and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Mpac Group's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Mpac Group ranks #1941 out of 2979 companies in the Industrial Products industry, placing it in the top 65.2%.
Is Mpac Group's Piotroski F-Score too high?
Mpac Group's current Piotroski F-Score of 4 is 20% 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 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. Mpac Group's value of 4 is 20% below this industry median. Based on the distribution chart, Mpac Group ranks #1941 out of 2979 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Mpac Group has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mpac Group's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mpac Group ranks #1941 out of 2979 companies for Piotroski F-Score. This places Mpac Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Mpac Group's value of 4 is 20% below this benchmark. Historically, Mpac Group'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 5.00 vs. the industry median of 5.00, Mpac 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Mpac Group's current Piotroski F-Score of 4 is 20% 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 Mpac Group and its competitors. For the Industrial Products 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. Mpac Group's current Piotroski F-Score is 4, which is 20% 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 Mpac Group stock overvalued right now?
Based on GuruFocus' analysis, Mpac Group (LSE:MPAC) is currently considered Possible Value Trap. The stock's GF Value™ is £3.59, compared to a current price of £2.50 — trading 30.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Industrial Products industry median of 5.00. Mpac Group's overall GF Score™ is 61/100 with 4 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 Mpac Group (LSE:MPAC), the current Piotroski F-Score is 4 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 Mpac Group (LSE:MPAC) Overvalued in 2026?

Based on GuruFocus' analysis, Mpac Group stock appears to be undervalued. The current stock price of £2.50 is trading 30.4% below its estimated GF Value™ of £3.59. GuruFocus considers Mpac Group to be Possible Value Trap.

Key valuation signals for LSE:MPAC:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: £3.59 vs. price of £2.50 (30.4% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 20% below the Industrial Products median (#1941 of 2979)

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


Mpac Group Business Description

Address Unit 2 Argosy Court, Coventry, West Midlands, GBR, CV3 4GA
Mpac Group PLC is a technology and services company that provides specialist technology and services. The company offers high-performance instrumentation, machinery, and analytical services to the Food and Beverage, healthcare and pharmaceutical, and other sectors. The company has two reportable segments namely the Original Equipment segment generates revenue from the make, pack, and test of high-speed packaging solutions, first-of-kind machinery and high specification automation, secondary packaging equipment, and at-line instrumentation solutions. Its Service segment generates revenue from sales of spare parts and providing service engineers and support staff customers. Geographically, it has a presence in (EMEA) Europe, Africa, the Middle East, the United States, and the Asia Pacific.
61GF Score

Get the complete analysis for LSE:MPAC

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

£2.50
Price
£3.59
GF Value