MHH (Mastech Digital) Piotroski F-Score: 6 (As of Jun. 25, 2026) — Near Median


MHH Mastech Digital Inc MHH
66 GF Score
Price $7.63
GF Value $7.17
Valuation Fairly Valued
! 5 Warning Signs
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What is Mastech Digital Piotroski F-Score?

Mastech Digital MHH -0.78% 66 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates MHH with a GF Score™ of 66/100 and a GF Value™ of $7.17 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,063 Business Services companies, Mastech Digital ranks better than 72.25% 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

Mastech Digital 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 Mastech Digital's Piotroski F-Score or its related term are showing as below:

MHH' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Mastech Digital was 8. The lowest was 4. And the median was 6.

Mastech Digital  (AMEX:MHH) 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.


Mastech Digital Piotroski F-Score Related Terms


Mastech Digital Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mastech Digital'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.

Mastech Digital Piotroski F-Score Chart

Mastech Digital 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 8.00 5.00 4.00 8.00 5.00

Mastech Digital 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 8.00 8.00 7.00 5.00 6.00

MHH vs BGSF, ATLN, JOB: Piotroski F-Score Comparison

For the Staffing & Employment Services subindustry, Mastech Digital'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.


Mastech Digital Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Mastech Digital's Piotroski F-Score distribution charts can be found below:

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


MHH
66GF Score
Mastech Digital Inc MHH
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 0.135 + 0.941 + 0.972 + 0.264 = $2.3 Mil.
Cash Flow from Operations was 3.223 + 6.476 + 4.358 + -3.162 = $10.9 Mil.
Revenue was 49.097 + 48.496 + 45.461 + 41.083 = $184.1 Mil.
Gross Profit was 13.82 + 13.461 + 12.883 + 11.025 = $51.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(110.076 + 110.392 + 112.617 + 111.84 + 107.994) / 5 = $110.5838 Mil.
Total Assets at the begining of this year (Mar25) was $110.1 Mil.
Long-Term Debt & Capital Lease Obligation was $0.8 Mil.
Total Current Assets was $66.6 Mil.
Total Current Liabilities was $16.0 Mil.
Net Income was 1.391 + 1.875 + 0.297 + -1.439 = $2.1 Mil.

Revenue was 49.534 + 51.839 + 50.747 + 48.317 = $200.4 Mil.
Gross Profit was 13.98 + 14.771 + 14.715 + 12.892 = $56.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(106.07 + 107.503 + 111.485 + 111.484 + 110.076) / 5 = $109.3236 Mil.
Total Assets at the begining of last year (Mar24) was $106.1 Mil.
Long-Term Debt & Capital Lease Obligation was $2.2 Mil.
Total Current Assets was $64.5 Mil.
Total Current Liabilities was $19.4 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.

Mastech Digital's current Net Income (TTM) was 2.3. ==> 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.

Mastech Digital's current Cash Flow from Operations (TTM) was 10.9. ==> 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)
=2.312/110.076
=0.02100367

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2.124/106.07
=0.02002451

Mastech Digital's return on assets of this year was 0.02100367. Mastech Digital's return on assets of last year was 0.02002451. ==> 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.

Mastech Digital's current Net Income (TTM) was 2.3. Mastech Digital's current Cash Flow from Operations (TTM) was 10.9. ==> 10.9 > 2.3 ==> 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
=0.81/110.5838
=0.00732476

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.158/109.3236
=0.01973956

Mastech Digital's gearing of this year was 0.00732476. Mastech Digital's gearing of last year was 0.01973956. ==> 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
=66.566/16.013
=4.15699744

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=64.463/19.411
=3.32095204

Mastech Digital's current ratio of this year was 4.15699744. Mastech Digital's current ratio of last year was 3.32095204. ==> 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.

Mastech Digital's number of shares in issue this year was 11.894. Mastech Digital's number of shares in issue last year was 11.753. ==> 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
=51.189/184.137
=0.2779941

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=56.358/200.437
=0.28117563

Mastech Digital's gross margin of this year was 0.2779941. Mastech Digital's gross margin of last year was 0.28117563. ==> 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)
=184.137/110.076
=1.67281696

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=200.437/106.07
=1.8896672

Mastech Digital's asset turnover of this year was 1.67281696. Mastech Digital's asset turnover of last year was 1.8896672. ==> 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
=1+1+1+1+1+1+0+0+0
=6

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

Mastech Digital 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?
Mastech Digital (MHH) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mastech Digital and its competitors. This is near median its historical median of 6.00. Over the past decade, Mastech Digital's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Mastech Digital ranks #295 out of 1063 companies in the Business Services industry, placing it in the top 27.8%.
Is Mastech Digital's Piotroski F-Score too high?
Mastech Digital'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 4.00 to a high of 8.00. The Business Services industry median Piotroski F-Score is 5.00. Mastech Digital's value of 6 is 20% above this industry median. Based on the distribution chart, Mastech Digital ranks #295 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, Mastech Digital has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mastech Digital's Piotroski F-Score compare to BGSF and ATLN?
According to the Business Services industry distribution chart, Mastech Digital ranks #295 out of 1063 companies for Piotroski F-Score. This puts Mastech Digital in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Mastech Digital's value of 6 is 20% above this benchmark. Historically, Mastech Digital's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Mastech Digital 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. Mastech Digital'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 Mastech Digital and its competitors. For the Business Services 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. Mastech Digital'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 Mastech Digital stock overvalued right now?
Based on GuruFocus' analysis, Mastech Digital (MHH) is currently considered Fairly Valued. The stock's GF Value™ is $7.17, compared to a current price of $7.63 — trading 6.4% 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 Business Services industry median of 5.00. Mastech Digital's overall GF Score™ is 66/100 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 Mastech Digital (MHH), the current Piotroski F-Score is 6 as of Jun. 25, 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 Mastech Digital (MHH) Overvalued in 2026?

Based on GuruFocus' analysis, Mastech Digital stock appears to be overvalued. The current stock price of $7.63 is trading 6.4% above its estimated GF Value™ of $7.17. GuruFocus considers Mastech Digital to be Fairly Valued.

Key valuation signals for MHH:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $7.17 vs. price of $7.63 (6.4% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 20% above the Business Services median (#295 of 1063)

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


Mastech Digital Business Description

Other Exchanges MS4A:Germany
Address 1305 Cherrington Parkway, Building 210, Suite 400, Moon Township, PA, USA, 15108
Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. The IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. The company derives a majority of its revenue from IT staffing services. Geographically, the majority of revenue is generated from the United States.
66GF Score

Get the complete analysis for MHH

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

$7.63
Price
$7.17
GF Value