Maven Renovar VCT (LSE:MRV) Piotroski F-Score: 5 (As of Jun. 28, 2026) — Near Median


LSE:MRV Maven Renovar VCT PLC LSE:MRV
30 GF Score
Price £0.53
! 4 Warning Signs
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What is Maven Renovar VCT Piotroski F-Score?

Maven Renovar VCT LSE:MRV 30 Piotroski F-Score is 5 as of Jun. 28, 2026, which is at its 10-year median of 5.00. GuruFocus rates LSE:MRV with a GF Score™ of 30/100. The stock has 4 warning signs investors should review. Among 1,594 Asset Management companies, Maven Renovar VCT ranks better than 65.12% 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

Maven Renovar VCT has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Maven Renovar VCT's Piotroski F-Score or its related term are showing as below:

LSE:MRV' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Maven Renovar VCT was 7. The lowest was 3. And the median was 5.

Maven Renovar VCT  (LSE:MRV) 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.


Maven Renovar VCT Piotroski F-Score Related Terms


Maven Renovar VCT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Maven Renovar 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.

Maven Renovar VCT Piotroski F-Score Chart

Maven Renovar VCT Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 5.00 7.00 5.00

Maven Renovar VCT Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 5.00 0.00 7.00 0.00 5.00

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

For the Asset Management subindustry, Maven Renovar 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.


Maven Renovar VCT Piotroski F-Score vs Asset Management Industry

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

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


LSE:MRV
30GF Score
Maven Renovar VCT PLC LSE:MRV
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 (Jan26) TTM:Last Year (Jan25) TTM:
Net Income was £-0.88 Mil.
Cash Flow from Operations was £-2.61 Mil.
Revenue was £0.90 Mil.
Average Total Assets from the begining of this year (Jan25)
to the end of this year (Jan26) was (112.223 + 86.446) / 2 = £99.3345 Mil.
Total Assets at the begining of this year (Jan25) was £112.22 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £86.45 Mil.
Total Liabilities was £0.20 Mil.
Net Income was £-2.94 Mil.

Revenue was £-2.24 Mil.
Average Total Assets from the begining of last year (Jan24)
to the end of last year (Jan25) was (144.031 + 112.223) / 2 = £128.127 Mil.
Total Assets at the begining of last year (Jan24) was £144.03 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Assets was £112.22 Mil.
Total Liabilities was £0.69 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.

Maven Renovar VCT's current Net Income (TTM) was -0.88. ==> 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.

Maven Renovar VCT's current Cash Flow from Operations (TTM) was -2.61. ==> 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 (Jan25)
=-0.881/112.223
=-0.00785044

ROA (Last Year)=Net Income/Total Assets (Jan24)
=-2.942/144.031
=-0.02042616

Maven Renovar VCT's return on assets of this year was -0.00785044. Maven Renovar VCT's return on assets of last year was -0.02042616. ==> This year is higher. ==> Score 1.

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.

Maven Renovar VCT's current Net Income (TTM) was -0.88. Maven Renovar VCT's current Cash Flow from Operations (TTM) was -2.61. ==> -2.61 <= -0.88 ==> 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: Jan26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Jan26
=0/99.3345
=0

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=0/128.127
=0

Maven Renovar VCT's gearing of this year was 0. Maven Renovar 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: Jan26)=Total Assets/Total Liabilities
=86.446/0.201
=430.07960199

Current Ratio (Last Year: Jan25)=Total Assets/Total Liabilities
=112.223/0.685
=163.82919708

Maven Renovar VCT's current ratio of this year was 430.07960199. Maven Renovar VCT's current ratio of last year was 163.82919708. ==> This year's current ratio is higher. ==> Score 1.

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.

Maven Renovar VCT's number of shares in issue this year was 143.805. Maven Renovar VCT's number of shares in issue last year was 148.415. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=-0.881/0.897
=-0.98216276

Net Margin (Last Year: TTM)=Net Income/Revenue
=-2.942/-2.235
=1.3163311

Maven Renovar VCT's net margin of this year was -0.98216276. Maven Renovar VCT's net margin of last year was 1.3163311. ==> 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 (Jan25)
=0.897/112.223
=0.00799301

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=-2.235/144.031
=-0.01551749

Maven Renovar VCT's asset turnover of this year was 0.00799301. Maven Renovar VCT's asset turnover of last year was -0.01551749. ==> 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+0+1+0+1+1+1+0+1
=5

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

Maven Renovar VCT has an F-score of 5 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?
Maven Renovar VCT (LSE:MRV) 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 Maven Renovar VCT and its competitors. This is near median its historical median of 5.00. Over the past decade, Maven Renovar VCT's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Maven Renovar VCT ranks #556 out of 1594 companies in the Asset Management industry, placing it in the top 34.9%.
Is Maven Renovar VCT's Piotroski F-Score too high?
Maven Renovar VCT'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 3.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Maven Renovar VCT's value of 5 is 0% at this industry median. Based on the distribution chart, Maven Renovar VCT ranks #556 out of 1594 companies in the Asset Management industry, which is above the industry midpoint. Overall, Maven Renovar VCT has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Maven Renovar VCT's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Maven Renovar VCT ranks #556 out of 1594 companies for Piotroski F-Score. This puts Maven Renovar VCT in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Maven Renovar VCT's value of 5 is 0% at this benchmark. Historically, Maven Renovar VCT's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Maven Renovar VCT 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 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. Maven Renovar VCT'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 Maven Renovar 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. Maven Renovar VCT'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 Maven Renovar VCT stock overvalued right now?
Maven Renovar VCT (LSE:MRV) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Asset Management industry median of 5.00. Maven Renovar VCT's overall GF Score™ is 30/100 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 Maven Renovar VCT (LSE:MRV), 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.

Maven Renovar VCT Business Description

Address 44 Gutter Lane, 6th Floor, Saddlers House, London, GBR, EC2V 6BR
Maven Renovar VCT PLC is an investment management company. The investment objectives of the Company are to generate tax free capital gains and regular dividend income for its Shareholders, while complying with the requirements of the rules and regulations applicable to VCTs.
30GF Score

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