MKS (LTS:0JWG) Piotroski F-Score: 6 (As of Jul. 05, 2026) — Near Median


LTS:0JWG MKS Inc LTS:0JWG
72 GF Score
Price $358.02
GF Value $122.91
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is MKS Piotroski F-Score?

MKS LTS:0JWG 72 Piotroski F-Score is 6 as of Jul. 05, 2026, which is at its 10-year median of 6.00. GuruFocus rates LTS:0JWG with a GF Score™ of 72/100 and a GF Value™ of $122.91 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,427 Hardware companies, MKS ranks better than 77.96% 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

MKS has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

LTS:0JWG' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of MKS was 8. The lowest was 3. And the median was 6.

MKS  (LTS:0JWG) 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.


MKS Piotroski F-Score Related Terms


MKS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MKS'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.

MKS Piotroski F-Score Chart

MKS 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 4.00 6.00 7.00 6.00

MKS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.00 8.00 7.00 6.00 6.00

LTS:0JWG vs TDY, FTV, TRMB: Piotroski F-Score Comparison

For the Scientific & Technical Instruments subindustry, MKS'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.


MKS Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, MKS's Piotroski F-Score distribution charts can be found below:

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


LTS:0JWG
72GF Score
MKS Inc LTS:0JWG
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 62 + 74 + 107 + 84 = $327 Mil.
Cash Flow from Operations was 165 + 197 + 142 + 53 = $557 Mil.
Revenue was 973 + 988 + 1033 + 1078 = $4,072 Mil.
Gross Profit was 453 + 461 + 479 + 507 = $1,900 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8556 + 8826 + 8777 + 8796 + 8728) / 5 = $8736.6 Mil.
Total Assets at the begining of this year (Mar25) was $8,556 Mil.
Long-Term Debt & Capital Lease Obligation was $2,894 Mil.
Total Current Assets was $2,545 Mil.
Total Current Liabilities was $2,291 Mil.
Net Income was 23 + 62 + 91 + 52 = $228 Mil.

Revenue was 887 + 896 + 934 + 936 = $3,653 Mil.
Gross Profit was 419 + 432 + 441 + 444 = $1,736 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(8931 + 8863 + 9023 + 8590 + 8556) / 5 = $8792.6 Mil.
Total Assets at the begining of last year (Mar24) was $8,931 Mil.
Long-Term Debt & Capital Lease Obligation was $4,620 Mil.
Total Current Assets was $2,426 Mil.
Total Current Liabilities was $781 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.

MKS's current Net Income (TTM) was 327. ==> 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.

MKS's current Cash Flow from Operations (TTM) was 557. ==> 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 (Mar25)
=327/8556
=0.03821879

ROA (Last Year)=Net Income/Total Assets (Mar24)
=228/8931
=0.02552906

MKS's return on assets of this year was 0.03821879. MKS's return on assets of last year was 0.02552906. ==> 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.

MKS's current Net Income (TTM) was 327. MKS's current Cash Flow from Operations (TTM) was 557. ==> 557 > 327 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=2894/8736.6
=0.33125014

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4620/8792.6
=0.52544185

MKS's gearing of this year was 0.33125014. MKS's gearing of last year was 0.52544185. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=2545/2291
=1.11086862

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2426/781
=3.10627401

MKS's current ratio of this year was 1.11086862. MKS's current ratio of last year was 3.10627401. ==> 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.

MKS's number of shares in issue this year was 71.1. MKS's number of shares in issue last year was 67.7. ==> 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
=1900/4072
=0.46660118

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1736/3653
=0.47522584

MKS's gross margin of this year was 0.46660118. MKS's gross margin of last year was 0.47522584. ==> 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 (Mar25)
=4072/8556
=0.47592333

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3653/8931
=0.40902475

MKS's asset turnover of this year was 0.47592333. MKS's asset turnover of last year was 0.40902475. ==> 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
=1+1+1+1+1+0+0+0+1
=6

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

MKS has an F-score of 6 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 6 mean?
MKS (LTS:0JWG) has a Piotroski F-Score of 6 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MKS and its competitors. This is near median its historical median of 6.00. Over the past decade, MKS's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, MKS ranks #535 out of 2427 companies in the Hardware industry, placing it in the top 22%.
Is MKS's Piotroski F-Score too high?
MKS's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. MKS's value of 6 is 20% above this industry median. Based on the distribution chart, MKS ranks #535 out of 2427 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, MKS has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MKS's Piotroski F-Score compare to TDY and FTV?
According to the Hardware industry distribution chart, MKS ranks #535 out of 2427 companies for Piotroski F-Score. This places MKS in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. MKS's value of 6 is 20% above this benchmark. Historically, MKS's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, MKS has consistently been above 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,427 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. MKS's current Piotroski F-Score of 6 is 20% above 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 MKS and its competitors. For the Hardware 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. MKS's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MKS stock overvalued right now?
Based on GuruFocus' analysis, MKS (LTS:0JWG) is currently considered Significantly Overvalued. The stock's GF Value™ is $122.91, compared to a current price of $358.02 — trading 191.3% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Hardware industry median of 5.00. MKS's overall GF Score™ is 72/100 with 5 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 MKS (LTS:0JWG), the current Piotroski F-Score is 6 as of Jul. 05, 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 MKS (LTS:0JWG) Overvalued in 2026?

Based on GuruFocus' analysis, MKS stock appears to be overvalued. The current stock price of $358.02 is trading 191.3% above its estimated GF Value™ of $122.91. GuruFocus considers MKS to be Significantly Overvalued.

Key valuation signals for LTS:0JWG:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $122.91 vs. price of $358.02 (191.3% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 20% above the Hardware median (#535 of 2427)

No single metric tells the full story. See the LTS:0JWG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MKS Business Description

Address 2 Tech Drive, Suite 201, Andover, MA, USA, 01810
MKS Inc delivers foundational technology solutions for leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. The company provides instruments, components, subsystems, systems, process control solutions, and specialty chemicals technology that improve process performance and optimize productivity. Its solutions address challenges of miniaturization and complexity in device manufacturing, enabling increased power, speed, and feature enhancement. MKS Inc operates through three divisions: Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Materials Solutions Division (MSD). The company operates in the United States, which generates maximum revenue, as well as China and other countries.
72GF Score

Get the complete analysis for LTS:0JWG

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

$358.02
Price
$122.91
GF Value