Franchi Umberto Marmi SpA (MIL:FUM) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 20% Above Median


MIL:FUM Franchi Umberto Marmi SpA MIL:FUM
68 GF Score
Price €3.53
GF Value €5.61
Valuation Significantly Undervalued
! 8 Warning Signs
View Full Analysis

What is Franchi Umberto Marmi SpA Piotroski F-Score?

Franchi Umberto Marmi SpA MIL:FUM -0.28% 68 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates MIL:FUM with a GF Score™ of 68/100 and a GF Value™ of €5.61 (Significantly Undervalued). The stock has 8 warning signs investors should review. Among 1,735 Construction companies, Franchi Umberto Marmi SpA ranks better than 74.24% 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

Franchi Umberto Marmi SpA 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 Franchi Umberto Marmi SpA's Piotroski F-Score or its related term are showing as below:

MIL:FUM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 8 years, the highest Piotroski F-Score of Franchi Umberto Marmi SpA was 6. The lowest was 3. And the median was 5.

Franchi Umberto Marmi SpA  (MIL:FUM) 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.


Franchi Umberto Marmi SpA Piotroski F-Score Related Terms


Franchi Umberto Marmi SpA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Franchi Umberto Marmi SpA'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.

Franchi Umberto Marmi SpA Piotroski F-Score Chart

Franchi Umberto Marmi SpA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 5.00 3.00 4.00 6.00

Franchi Umberto Marmi SpA Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.00 0.00 4.00 0.00 6.00

MIL:FUM vs TT, JCI, CARR: Piotroski F-Score Comparison

For the Building Products & Equipment subindustry, Franchi Umberto Marmi SpA'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.


Franchi Umberto Marmi SpA Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Franchi Umberto Marmi SpA's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Franchi Umberto Marmi SpA's Piotroski F-Score falls into.


MIL:FUM
68GF Score
Franchi Umberto Marmi SpA MIL:FUM
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €7.12 Mil.
Cash Flow from Operations was €20.23 Mil.
Revenue was €76.21 Mil.
Gross Profit was €40.41 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (195.482 + 188.598) / 2 = €192.04 Mil.
Total Assets at the begining of this year (Dec24) was €195.48 Mil.
Long-Term Debt & Capital Lease Obligation was €25.06 Mil.
Total Current Assets was €91.16 Mil.
Total Current Liabilities was €26.54 Mil.
Net Income was €10.41 Mil.

Revenue was €80.16 Mil.
Gross Profit was €44.57 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (206.072 + 195.482) / 2 = €200.777 Mil.
Total Assets at the begining of last year (Dec23) was €206.07 Mil.
Long-Term Debt & Capital Lease Obligation was €32.80 Mil.
Total Current Assets was €91.53 Mil.
Total Current Liabilities was €29.92 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.

Franchi Umberto Marmi SpA's current Net Income (TTM) was 7.12. ==> 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.

Franchi Umberto Marmi SpA's current Cash Flow from Operations (TTM) was 20.23. ==> 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 (Dec24)
=7.118/195.482
=0.03641256

ROA (Last Year)=Net Income/Total Assets (Dec23)
=10.41/206.072
=0.05051632

Franchi Umberto Marmi SpA's return on assets of this year was 0.03641256. Franchi Umberto Marmi SpA's return on assets of last year was 0.05051632. ==> Last year is higher ==> Score 0.

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.

Franchi Umberto Marmi SpA's current Net Income (TTM) was 7.12. Franchi Umberto Marmi SpA's current Cash Flow from Operations (TTM) was 20.23. ==> 20.23 > 7.12 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=25.056/192.04
=0.13047282

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=32.803/200.777
=0.16338027

Franchi Umberto Marmi SpA's gearing of this year was 0.13047282. Franchi Umberto Marmi SpA's gearing of last year was 0.16338027. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=91.157/26.539
=3.43483176

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=91.531/29.922
=3.0589867

Franchi Umberto Marmi SpA's current ratio of this year was 3.43483176. Franchi Umberto Marmi SpA's current ratio of last year was 3.0589867. ==> 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.

Franchi Umberto Marmi SpA's number of shares in issue this year was 32.835. Franchi Umberto Marmi SpA's number of shares in issue last year was 32.73. ==> 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
=40.412/76.207
=0.53029249

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=44.573/80.158
=0.55606427

Franchi Umberto Marmi SpA's gross margin of this year was 0.53029249. Franchi Umberto Marmi SpA's gross margin of last year was 0.55606427. ==> 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 (Dec24)
=76.207/195.482
=0.38984152

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=80.158/206.072
=0.38898055

Franchi Umberto Marmi SpA's asset turnover of this year was 0.38984152. Franchi Umberto Marmi SpA's asset turnover of last year was 0.38898055. ==> 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+0+1+1+1+0+0+1
=6

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

Franchi Umberto Marmi SpA 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?
Franchi Umberto Marmi SpA (MIL:FUM) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Franchi Umberto Marmi SpA and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Franchi Umberto Marmi SpA's Piotroski F-Score has ranged from 3.00 to 6.00. According to the industry distribution chart, Franchi Umberto Marmi SpA ranks #447 out of 1735 companies in the Construction industry, placing it in the top 25.8%.
Is Franchi Umberto Marmi SpA's Piotroski F-Score too high?
Franchi Umberto Marmi SpA's current Piotroski F-Score of 6 is 20% 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 6.00. The Construction industry median Piotroski F-Score is 5.00. Franchi Umberto Marmi SpA's value of 6 is 20% above this industry median. Based on the distribution chart, Franchi Umberto Marmi SpA ranks #447 out of 1735 companies in the Construction industry, which is above the industry midpoint. Overall, Franchi Umberto Marmi SpA has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Franchi Umberto Marmi SpA's Piotroski F-Score compare to TT and JCI?
According to the Construction industry distribution chart, Franchi Umberto Marmi SpA ranks #447 out of 1735 companies for Piotroski F-Score. This puts Franchi Umberto Marmi SpA in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Franchi Umberto Marmi SpA's value of 6 is 20% above this benchmark. Historically, Franchi Umberto Marmi SpA's own Piotroski F-Score has ranged from 3.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Franchi Umberto Marmi SpA 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Franchi Umberto Marmi SpA'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 Franchi Umberto Marmi SpA and its competitors. For the Construction 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. Franchi Umberto Marmi SpA's current Piotroski F-Score is 6, which is 20% 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 Franchi Umberto Marmi SpA stock overvalued right now?
Based on GuruFocus' analysis, Franchi Umberto Marmi SpA (MIL:FUM) is currently considered Significantly Undervalued. The stock's GF Value™ is €5.61, compared to a current price of €3.53 — trading 37.1% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Construction industry median of 5.00. Franchi Umberto Marmi SpA's overall GF Score™ is 68/100 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 Franchi Umberto Marmi SpA (MIL:FUM), the current Piotroski F-Score is 6 as of Jun. 26, 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 Franchi Umberto Marmi SpA (MIL:FUM) Overvalued in 2026?

Based on GuruFocus' analysis, Franchi Umberto Marmi SpA stock appears to be undervalued. The current stock price of €3.53 is trading 37.1% below its estimated GF Value™ of €5.61. GuruFocus considers Franchi Umberto Marmi SpA to be Significantly Undervalued.

Key valuation signals for MIL:FUM:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: €5.61 vs. price of €3.53 (37.1% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 20% above the Construction median (#447 of 1735)

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


Franchi Umberto Marmi SpA Business Description

Address via Del Bravo 14 - 16, Carrara, ITA, 20121
Franchi Umberto Marmi SpA is engaged in the manufacturing, cutting, and shaping of stones, tiles, marbles, granite and other stones. The products of the company are used in the construction industry.
68GF Score

Get the complete analysis for MIL:FUM

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

€3.53
Price
€5.61
GF Value