Mercantile Ports and LogisticsLSE:MPL +55.17% Piotroski F-Score is 4 as of Jun. 26, 2026, which is at its 10-year median of 4.00. The stock has 5 warning signs investors should review. Among 979 Transportation companies, Mercantile Ports and Logistics ranks worse than 73.85% 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
Mercantile Ports and Logistics 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 Mercantile Ports and Logistics's Piotroski F-Score or its related term are showing as below:
LSE:MPL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 5
Current: 4
During the past 13 years, the highest Piotroski F-Score of Mercantile Ports and Logistics was 5. The lowest was 1. And the median was 4.
Mercantile Ports and Logistics (LSE:MPL) 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.
Mercantile Ports and Logistics Piotroski F-Score Related Terms
Mercantile Ports and Logistics Piotroski F-Score Historical Data
* 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.
Mercantile Ports and Logistics Piotroski F-Score Chart
Mercantile Ports and Logistics Piotroski F-Score Competitor Comparison
For the Marine Shipping subindustry, Mercantile Ports and Logistics'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.
Mercantile Ports and Logistics Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Mercantile Ports and Logistics's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Mercantile Ports and Logistics'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.
Mercantile Ports and Logistics's current Net Income (TTM) was -18.63.
==> 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.
Mercantile Ports and Logistics's current Cash Flow from Operations (TTM) was 0.35.
==> 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.
Mercantile Ports and Logistics's return on assets of this year was -0.14669638. Mercantile Ports and Logistics's return on assets of last year was -0.14710123.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Mercantile Ports and Logistics's gearing of this year was 0.24913294. Mercantile Ports and Logistics's gearing of last year was 0.27910715.
==> 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
Mercantile Ports and Logistics's current ratio of this year was 0.65262884. Mercantile Ports and Logistics's current ratio of last year was 1.39444265.
==> 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.
Mercantile Ports and Logistics's number of shares in issue this year was 356.313. Mercantile Ports and Logistics's number of shares in issue last year was 201.582.
==> 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.
Mercantile Ports and Logistics's gross margin of this year was 0.46473696. Mercantile Ports and Logistics's gross margin of last year was 0.5574881.
==> 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
Mercantile Ports and Logistics's asset turnover of this year was 0.0342764. Mercantile Ports and Logistics's asset turnover of last year was 0.03786009.
==> 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
+
1
+
1
+
1
+
0
+
0
+
0
+
0
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Mercantile Ports and Logistics has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Mercantile Ports and Logistics (LSE:MPL) 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 Mercantile Ports and Logistics and its competitors. This is near median its historical median of 4.00. Over the past decade, Mercantile Ports and Logistics' Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Mercantile Ports and Logistics ranks #723 out of 979 companies in the Transportation industry, placing it in the top 73.9%.
Is Mercantile Ports and Logistics' Piotroski F-Score too high?
Mercantile Ports and Logistics' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Transportation industry median Piotroski F-Score is 6.00. Mercantile Ports and Logistics' value of 4 is 33.3% below this industry median. Based on the distribution chart, Mercantile Ports and Logistics ranks #723 out of 979 companies in the Transportation industry, which is below the industry midpoint.
How does Mercantile Ports and Logistics' Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, Mercantile Ports and Logistics ranks #723 out of 979 companies for Piotroski F-Score. This places Mercantile Ports and Logistics in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Mercantile Ports and Logistics' value of 4 is 33.3% below this benchmark. Historically, Mercantile Ports and Logistics' own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 6.00, Mercantile Ports and Logistics 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 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. Mercantile Ports and Logistics's current Piotroski F-Score of 4 is 33.3% 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 Mercantile Ports and Logistics and its competitors. For the Transportation 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. Mercantile Ports and Logistics's current Piotroski F-Score is 4, which is near 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 Mercantile Ports and Logistics stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Ports and Logistics (LSE:MPL) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.02 — trading 125% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% below the Transportation industry median of 6.00. 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 Mercantile Ports and Logistics (LSE:MPL), 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.
Mercantile Ports and Logistics Business Description
Mercantile Ports and Logistics Ltd develops, owns, and operates port and logistics facilities. The site of the company's first project is at Karanja Creek in the Raigad district of Maharashtra, where it intends to develop and operate a modern and efficient port and logistics complex. At the Karanja port, the company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement, and other break-bulk cargo, which typically ply in smaller vessels. The company has only one operating and geographic segment, being the project on hand in India. The company generates the majority of its revenue from lease income operations.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:MPL has been successfully added to your 