MIHDF (MISC Bhd) Piotroski F-Score: 8 (As of Jun. 24, 2026) — 33% Above Median


MIHDF MISC Bhd MIHDF
79 GF Score
Price $1.45
GF Value $1.16
! 8 Warning Signs
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What is MISC Bhd Piotroski F-Score?

MISC Bhd MIHDF 79 Piotroski F-Score is 8 as of Jun. 24, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates MIHDF with a GF Score™ of 79/100 and a GF Value™ of $1.16. The stock has 8 warning signs investors should review. Among 980 Transportation companies, MISC Bhd ranks better than 97.35% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

MISC Bhd has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

MIHDF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of MISC Bhd was 9. The lowest was 4. And the median was 6.

MISC Bhd  (OTCPK:MIHDF) 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.


MISC Bhd Piotroski F-Score Related Terms


MISC Bhd Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MISC Bhd'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.

MISC Bhd Piotroski F-Score Chart

MISC Bhd 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 6.00 7.00 6.00 6.00 8.00

MISC Bhd 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 7.00 6.00 8.00 8.00

MISC Bhd Piotroski F-Score Competitor Comparison

For the Marine Shipping subindustry, MISC Bhd'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.


MISC Bhd Piotroski F-Score vs Transportation Industry

For the Transportation industry and Industrials sector, MISC Bhd's Piotroski F-Score distribution charts can be found below:

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


MIHDF
79GF Score
MISC Bhd MIHDF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 109.58 + 128.709 + -2.886 + 187.715 = $423 Mil.
Cash Flow from Operations was 378.008 + 328.685 + 464.114 + 316.589 = $1,487 Mil.
Revenue was 642.119 + 664.497 + 687.711 + 732.074 = $2,726 Mil.
Gross Profit was 226.286 + 220.05 + 212.661 + 274.787 = $934 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(13683.519 + 13320.104 + 13393.681 + 12967.656 + 13771.876) / 5 = $13427.3672 Mil.
Total Assets at the begining of this year (Mar25) was $13,684 Mil.
Long-Term Debt & Capital Lease Obligation was $2,665 Mil.
Total Current Assets was $3,591 Mil.
Total Current Liabilities was $2,139 Mil.
Net Income was 114.853 + 79.633 + -100.092 + 159.21 = $254 Mil.

Revenue was 706.954 + 696.273 + 741.739 + 635.33 = $2,780 Mil.
Gross Profit was 210.171 + 171.789 + 203.661 + 222.109 = $808 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(14125.989 + 14092.812 + 13662.649 + 13556.855 + 13683.519) / 5 = $13824.3648 Mil.
Total Assets at the begining of last year (Mar24) was $14,126 Mil.
Long-Term Debt & Capital Lease Obligation was $2,641 Mil.
Total Current Assets was $3,221 Mil.
Total Current Liabilities was $2,263 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.

MISC Bhd's current Net Income (TTM) was 423. ==> 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.

MISC Bhd's current Cash Flow from Operations (TTM) was 1,487. ==> 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)
=423.118/13683.519
=0.03092172

ROA (Last Year)=Net Income/Total Assets (Mar24)
=253.604/14125.989
=0.01795301

MISC Bhd's return on assets of this year was 0.03092172. MISC Bhd's return on assets of last year was 0.01795301. ==> 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.

MISC Bhd's current Net Income (TTM) was 423. MISC Bhd's current Cash Flow from Operations (TTM) was 1,487. ==> 1,487 > 423 ==> 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
=2664.827/13427.3672
=0.19846236

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2641.173/13824.3648
=0.19105203

MISC Bhd's gearing of this year was 0.19846236. MISC Bhd's gearing of last year was 0.19105203. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=3590.946/2138.596
=1.67911377

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3220.778/2262.516
=1.42353822

MISC Bhd's current ratio of this year was 1.67911377. MISC Bhd's current ratio of last year was 1.42353822. ==> 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.

MISC Bhd's number of shares in issue this year was 4463.7. MISC Bhd's number of shares in issue last year was 4463.7. ==> 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
=933.784/2726.401
=0.34249694

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=807.73/2780.296
=0.29051943

MISC Bhd's gross margin of this year was 0.34249694. MISC Bhd's gross margin of last year was 0.29051943. ==> 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 (Mar25)
=2726.401/13683.519
=0.19924707

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2780.296/14125.989
=0.19682133

MISC Bhd's asset turnover of this year was 0.19924707. MISC Bhd's asset turnover of last year was 0.19682133. ==> 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+0+1+1+1+1
=8

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

MISC Bhd has an F-score of 8. 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 8 mean?
MISC Bhd (MIHDF) has a Piotroski F-Score of 8 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MISC Bhd and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, MISC Bhd's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, MISC Bhd ranks #26 out of 980 companies in the Transportation industry, placing it in the top 2.7%.
Is MISC Bhd's Piotroski F-Score too high?
MISC Bhd's current Piotroski F-Score of 8 is 33% above 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 9.00. The Transportation industry median Piotroski F-Score is 6.00. MISC Bhd's value of 8 is 33.3% above this industry median. Based on the distribution chart, MISC Bhd ranks #26 out of 980 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, MISC Bhd has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does MISC Bhd's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, MISC Bhd ranks #26 out of 980 companies for Piotroski F-Score. This places MISC Bhd in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. MISC Bhd's value of 8 is 33.3% above this benchmark. Historically, MISC Bhd's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, MISC Bhd 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 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. MISC Bhd's current Piotroski F-Score of 8 is 33.3% 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 MISC Bhd and its competitors. For the Transportation industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MISC Bhd's current Piotroski F-Score is 8, which is 33% above 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 MISC Bhd stock overvalued right now?
MISC Bhd (MIHDF) has a current Piotroski F-Score of 8. The stock's GF Value™ is $1.16, compared to a current price of $1.45 — trading 25% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 33.3% above the Transportation industry median of 6.00. MISC Bhd's overall GF Score™ is 79/100 with 8 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 MISC Bhd (MIHDF), the current Piotroski F-Score is 8 as of Jun. 24, 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 MISC Bhd (MIHDF) Overvalued in 2026?

Based on GuruFocus' analysis, MISC Bhd stock appears to be overvalued. The current stock price of $1.45 is trading 25% above its estimated GF Value™ of $1.16.

Key valuation signals for MIHDF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $1.16 vs. price of $1.45 (25% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 33.3% above the Transportation median (#26 of 980)

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


MISC Bhd Business Description

Other Exchanges 3816:Malaysia
Address Jalan Sultan Hishamuddin, Level 25, Menara Dayabumi, Kuala Lumpur, SGR, MYS, 50050
MISC Bhd is a maritime logistics company domiciled in Malaysia. The company organizes itself into five segments; Gas Assets & Solutions segment includes the provision of liquefied natural gas (LNG) carrier services and non-conventional gas asset solutions, Petroleum & Product Shipping segment includes the provision of petroleum tanker and chemical tanker services, Offshore Business segment owns, lease, operation, and maintenance of offshore, floating, production, and offloading terminals, Marine & Heavy Engineering segment include marine repair, marine conversion, and engineering and construction works, and Others segment includes integrated marine services, port & terminal services, maritime education & training, and other diversified businesses.
79GF Score

Get the complete analysis for MIHDF

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

$1.45
Price
$1.16
GF Value