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MGP IngredientsMGPI +3.27%57 Piotroski F-Score is 3 as of Aug. 05, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates MGPI with a GF Score™ of 57/100 and a GF Value™ of $25.13 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 207 Beverages - Alcoholic companies, MGP Ingredients ranks worse than 83.09% on this metric.
Warning Sign:
Piotroski F-Score of 3 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
MGP Ingredients has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for MGP Ingredients's Piotroski F-Score or its related term are showing as below:
MGPI'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 3
During the past 13 years, the highest Piotroski F-Score of MGP Ingredients was 7. The lowest was 3. And the median was 5.
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.
MGP Ingredients Piotroski F-Score Related Terms
MGP Ingredients Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for MGP Ingredients'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.
MGPI vs AGCC, SNDL, CWGL: Piotroski F-Score Comparison
For the Beverages - Wineries & Distilleries subindustry, MGP Ingredients'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.
MGP Ingredients Piotroski F-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, MGP Ingredients's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MGP Ingredients'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.
MGP Ingredients's current Net Income (TTM) was -242.0.
==> 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.
MGP Ingredients's return on assets of this year was -0.17459995. MGP Ingredients's return on assets of last year was -0.00464055.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
MGP Ingredients's gearing of this year was 0.30499741. MGP Ingredients's gearing of last year was 0.21469849.
==> Last year is lower than this year ==> Score 0.
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
MGP Ingredients's current ratio of this year was 6.99243028. MGP Ingredients's current ratio of last year was 2.91271534.
==> 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.
MGP Ingredients's number of shares in issue this year was 21.433. MGP Ingredients's number of shares in issue last year was 21.361.
==> 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.
MGP Ingredients's gross margin of this year was 0.35548147. MGP Ingredients's gross margin of last year was 0.39712079.
==> 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
MGP Ingredients's asset turnover of this year was 0.3607434. MGP Ingredients's asset turnover of last year was 0.42493918.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MGP Ingredients has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
MGP Ingredients (MGPI) has a Piotroski F-Score of 3 as of Aug. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MGP Ingredients and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, MGP Ingredients' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, MGP Ingredients ranks #172 out of 207 companies in the Beverages - Alcoholic industry, placing it in the top 83.1%.
Is MGP Ingredients' Piotroski F-Score too high?
MGP Ingredients' current Piotroski F-Score of 3 is 40% below 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 Beverages - Alcoholic industry median Piotroski F-Score is 5.00. MGP Ingredients' value of 3 is 40% below this industry median. Based on the distribution chart, MGP Ingredients ranks #172 out of 207 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, MGP Ingredients has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MGP Ingredients' Piotroski F-Score compare to AGCC and SNDL?
According to the Beverages - Alcoholic industry distribution chart, MGP Ingredients ranks #172 out of 207 companies for Piotroski F-Score. This places MGP Ingredients in the lower half of its industry. The industry median Piotroski F-Score is 5.00. MGP Ingredients' value of 3 is 40% below this benchmark. Historically, MGP Ingredients' 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, MGP Ingredients 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 Beverages - Alcoholic company?
The median Piotroski F-Score among Beverages - Alcoholic companies is 5.00, based on 207 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. MGP Ingredients's current Piotroski F-Score of 3 is 40% 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 MGP Ingredients and its competitors. For the Beverages - Alcoholic 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. MGP Ingredients's current Piotroski F-Score is 3, which is 40% 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 MGP Ingredients stock overvalued right now?
Based on GuruFocus' analysis, MGP Ingredients (MGPI) is currently considered Possible Value Trap. The stock's GF Value™ is $25.13, compared to a current price of $17.68 — trading 29.6% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Beverages - Alcoholic industry median of 5.00. MGP Ingredients' overall GF Score™ is 57/100 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 MGP Ingredients (MGPI), the current Piotroski F-Score is 3 as of Aug. 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 MGP Ingredients (MGPI) Overvalued in 2026?
Based on GuruFocus' analysis, MGP Ingredients stock appears to be undervalued.
The current stock price of $17.68 is trading 29.6% below its estimated GF Value™ of $25.13.
GuruFocus considers MGP Ingredients to be Possible Value Trap.
Key valuation signals for MGPI:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: $25.13 vs. price of $17.68 (29.6% below fair value)
Industry Position: 40% below the Beverages - Alcoholic median (#172 of 207)
No single metric tells the full story. See the MGPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGP Ingredients Inc is a producer and supplier of distilled spirits, specialty wheat protein, and starch food ingredients based in the United States. It operates in three reportable segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Maximum revenue is generated from the Branded Spirits segment, which consists of a portfolio of brands that it produces through its distilleries and bottling facilities and sells to distributors or to state governments that directly control the sale of alcohol. MGP's branded spirits include various brands across numerous categories and price tiers, such as Penelope Bourbon, Yellowstone Bourbon, Minor Case Straight Rye Whiskey, Brady's Irish Cream, Exotico Tequila, Arrow Cordials, Canada House Canadian Whisky, Lady Bligh Rum, etc.
57GF Score
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