MGY (Magnolia Oil & Gas) Piotroski F-Score: 9 (As of Aug. 10, 2026) — 80% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MGY Magnolia Oil & Gas Corp MGY
93 GF Score
Price $25.72
GF Value $29.06
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Magnolia Oil & Gas Piotroski F-Score?

Magnolia Oil & Gas MGY +2.55% 93 Piotroski F-Score is 9 as of Aug. 10, 2026, which is 80% above its 10-year median of 5.00. GuruFocus rates MGY with a GF Score™ of 93/100 and a GF Value™ of $29.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 990 Oil & Gas companies, Magnolia Oil & Gas ranks better than 99.9% on this metric.

Good Sign:

Piotroski F-Score is 9, indicates a very healthy situation.

The zones of discrimination were as such:

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

Magnolia Oil & Gas has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

MGY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 9

During the past 10 years, the highest Piotroski F-Score of Magnolia Oil & Gas was 9. The lowest was 3. And the median was 5.

Magnolia Oil & Gas  (NYSE:MGY) 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.


Magnolia Oil & Gas Piotroski F-Score Related Terms


Magnolia Oil & Gas Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Magnolia Oil & Gas'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.

Magnolia Oil & Gas Piotroski F-Score Chart

Magnolia Oil & Gas 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 8.00 5.00 5.00 6.00

Magnolia Oil & Gas Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.00 6.00 5.00 9.00

MGY vs MUR, MTDR, CNX: Piotroski F-Score Comparison

For the Oil & Gas E&P subindustry, Magnolia Oil & Gas'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.


Magnolia Oil & Gas Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Magnolia Oil & Gas's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Magnolia Oil & Gas's Piotroski F-Score falls into.


MGY
93GF Score
Magnolia Oil & Gas Corp MGY
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 75.456 + 68.753 + 99.825 + 181.776 = $426 Mil.
Cash Flow from Operations was 247.055 + 208.396 + 197.616 + 384.026 = $1,037 Mil.
Revenue was 324.935 + 317.628 + 358.511 + 478.811 = $1,480 Mil.
Gross Profit was 148.02 + 138.172 + 179.194 + 296.684 = $762 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2860.648 + 2923.584 + 2903.092 + 2944.478 + 3140.584) / 5 = $2954.4772 Mil.
Total Assets at the begining of this year (Jun25) was $2,861 Mil.
Long-Term Debt & Capital Lease Obligation was $394 Mil.
Total Current Assets was $489 Mil.
Total Current Liabilities was $309 Mil.
Net Income was 99.784 + 85.598 + 102.927 + 78.117 = $366 Mil.

Revenue was 333.135 + 326.609 + 350.3 + 318.981 = $1,329 Mil.
Gross Profit was 170.679 + 163.177 + 182.419 + 151.82 = $668 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2842.864 + 2810.957 + 2820.835 + 2868.614 + 2860.648) / 5 = $2840.7836 Mil.
Total Assets at the begining of last year (Jun24) was $2,843 Mil.
Long-Term Debt & Capital Lease Obligation was $393 Mil.
Total Current Assets was $417 Mil.
Total Current Liabilities was $289 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.

Magnolia Oil & Gas's current Net Income (TTM) was 426. ==> 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.

Magnolia Oil & Gas's current Cash Flow from Operations (TTM) was 1,037. ==> 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 (Jun25)
=425.81/2860.648
=0.14885089

ROA (Last Year)=Net Income/Total Assets (Jun24)
=366.426/2842.864
=0.12889326

Magnolia Oil & Gas's return on assets of this year was 0.14885089. Magnolia Oil & Gas's return on assets of last year was 0.12889326. ==> 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.

Magnolia Oil & Gas's current Net Income (TTM) was 426. Magnolia Oil & Gas's current Cash Flow from Operations (TTM) was 1,037. ==> 1,037 > 426 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=393.636/2954.4772
=0.13323372

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=392.88/2840.7836
=0.13829987

Magnolia Oil & Gas's gearing of this year was 0.13323372. Magnolia Oil & Gas's gearing of last year was 0.13829987. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=488.588/308.551
=1.58349187

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=416.737/288.62
=1.44389509

Magnolia Oil & Gas's current ratio of this year was 1.58349187. Magnolia Oil & Gas's current ratio of last year was 1.44389509. ==> 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.

Magnolia Oil & Gas's number of shares in issue this year was 184.586. Magnolia Oil & Gas's number of shares in issue last year was 186.53. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=762.07/1479.885
=0.51495218

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=668.095/1329.025
=0.50269559

Magnolia Oil & Gas's gross margin of this year was 0.51495218. Magnolia Oil & Gas's gross margin of last year was 0.50269559. ==> 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 (Jun25)
=1479.885/2860.648
=0.5173251

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1329.025/2842.864
=0.4674951

Magnolia Oil & Gas's asset turnover of this year was 0.5173251. Magnolia Oil & Gas's asset turnover of last year was 0.4674951. ==> 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+1+1+1+1
=9

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

Magnolia Oil & Gas has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 9 mean?
Magnolia Oil & Gas (MGY) has a Piotroski F-Score of 9 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Magnolia Oil & Gas and its competitors. This is 80% above median its historical median of 5.00. Over the past decade, Magnolia Oil & Gas' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Magnolia Oil & Gas ranks #1 out of 990 companies in the Oil & Gas industry, placing it in the top 0.099999999999994%.
Is Magnolia Oil & Gas' Piotroski F-Score too high?
Magnolia Oil & Gas' current Piotroski F-Score of 9 is 80% above 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 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Magnolia Oil & Gas' value of 9 is 80% above this industry median. Based on the distribution chart, Magnolia Oil & Gas ranks #1 out of 990 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Magnolia Oil & Gas has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Magnolia Oil & Gas' Piotroski F-Score compare to MUR and MTDR?
According to the Oil & Gas industry distribution chart, Magnolia Oil & Gas ranks #1 out of 990 companies for Piotroski F-Score. This places Magnolia Oil & Gas in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Magnolia Oil & Gas' value of 9 is 80% above this benchmark. Historically, Magnolia Oil & Gas' own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Magnolia Oil & Gas 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 990 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. Magnolia Oil & Gas's current Piotroski F-Score of 9 is 80% 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 Magnolia Oil & Gas and its competitors. For the Oil & Gas 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. Magnolia Oil & Gas's current Piotroski F-Score is 9, which is 80% above 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 Magnolia Oil & Gas stock overvalued right now?
Based on GuruFocus' analysis, Magnolia Oil & Gas (MGY) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.06, compared to a current price of $25.72 — trading 11.5% below its estimated fair value. The current Piotroski F-Score is 9, which is 80% above median its 10-year median of 5.00 and 80% above the Oil & Gas industry median of 5.00. Magnolia Oil & Gas' overall GF Score™ is 93/100 with 2 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 Magnolia Oil & Gas (MGY), the current Piotroski F-Score is 9 as of Aug. 10, 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 Magnolia Oil & Gas (MGY) Overvalued in 2026?

Based on GuruFocus' analysis, Magnolia Oil & Gas stock appears to be undervalued. The current stock price of $25.72 is trading 11.5% below its estimated GF Value™ of $29.06. GuruFocus considers Magnolia Oil & Gas to be Modestly Undervalued.

Key valuation signals for MGY:

  • Piotroski F-Score: 9 (80% above median its 10-year median of 5.00)
  • GF Value™: $29.06 vs. price of $25.72 (11.5% below fair value)
  • GF Score™: 93/100 with 2 warning signs
  • Industry Position: 80% above the Oil & Gas median (#1 of 990)

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


Magnolia Oil & Gas Business Description

Industry EnergyOil & Gas
Address Nine Greenway Plaza, Suite 1300, Houston, TX, USA, 77046
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids (NGL) reserves. The company's oil and natural gas properties are located in Karnes County and the Giddings area of South Texas, where it targets the Eagle Ford Shale and Austin Chalk formations. It focuses on generating value for shareholders by delivering steady, moderate annual production growth resulting from its capital spending philosophy. The company operates in only one segment and derives the majority of its revenue from the sale of crude oil, natural gas, and natural gas liquids (NGLs).
93GF Score

Get the complete analysis for MGY

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

$25.72
Price
$29.06
GF Value