MFE-MediaForEurope (MIL:MFEB) Piotroski F-Score: 5 (As of Jun. 25, 2026) — Near Median


MIL:MFEB MFE-MediaForEurope MIL:MFEB
70 GF Score
Price €3.43
GF Value €6.03
Valuation Possible Value Trap
! 6 Warning Signs
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What is MFE-MediaForEurope Piotroski F-Score?

MFE-MediaForEurope MIL:MFEB -0.75% 70 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates MIL:MFEB with a GF Score™ of 70/100 and a GF Value™ of €6.03 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,015 Media - Diversified companies, MFE-MediaForEurope ranks better than 60.2% 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

MFE-MediaForEurope has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

MIL:MFEB' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of MFE-MediaForEurope was 7. The lowest was 2. And the median was 5.

MFE-MediaForEurope  (MIL:MFEB) 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.


MFE-MediaForEurope Piotroski F-Score Related Terms


MFE-MediaForEurope Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MFE-MediaForEurope'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.

MFE-MediaForEurope Piotroski F-Score Chart

MFE-MediaForEurope 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 4.00 3.00 6.00 5.00 5.00

MFE-MediaForEurope 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 5.00 6.00 6.00 5.00 5.00

MIL:MFEB vs NXST: Piotroski F-Score Comparison

For the Broadcasting subindustry, MFE-MediaForEurope'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.


MFE-MediaForEurope Piotroski F-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MFE-MediaForEurope's Piotroski F-Score distribution charts can be found below:

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


MIL:MFEB
70GF Score
MFE-MediaForEurope MIL:MFEB
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 78.8 + 112.9 + 57.6 + -26.1 = €223 Mil.
Cash Flow from Operations was 356.9 + 0 + 0 + 210.8 = €568 Mil.
Revenue was 753.8 + 513.5 + 2053.9 + 1463.1 = €4,784 Mil.
Gross Profit was 324.6 + 187.4 + 818.4 + 530.9 = €1,861 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4788.2 + 0 + 4580.4 + 0 + 9513.4) / 5 = €6294 Mil.
Total Assets at the begining of this year (Mar25) was €4,788 Mil.
Long-Term Debt & Capital Lease Obligation was €2,383 Mil.
Total Current Assets was €2,580 Mil.
Total Current Liabilities was €3,238 Mil.
Net Income was 87.9 + -8.5 + 41.7 + 51.4 = €173 Mil.

Revenue was 755.9 + 549 + 908.9 + 671.8 = €2,886 Mil.
Gross Profit was 326.2 + 237.5 + 444.8 + 247.8 = €1,256 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5008.9 + 0 + 4945.7 + 0 + 4788.2) / 5 = €4914.26666667 Mil.
Total Assets at the begining of last year (Mar24) was €5,009 Mil.
Long-Term Debt & Capital Lease Obligation was €373 Mil.
Total Current Assets was €1,323 Mil.
Total Current Liabilities was €1,375 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.

MFE-MediaForEurope's current Net Income (TTM) was 223. ==> 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.

MFE-MediaForEurope's current Cash Flow from Operations (TTM) was 568. ==> 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)
=223.2/4788.2
=0.04661459

ROA (Last Year)=Net Income/Total Assets (Mar24)
=172.5/5008.9
=0.0344387

MFE-MediaForEurope's return on assets of this year was 0.04661459. MFE-MediaForEurope's return on assets of last year was 0.0344387. ==> 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.

MFE-MediaForEurope's current Net Income (TTM) was 223. MFE-MediaForEurope's current Cash Flow from Operations (TTM) was 568. ==> 568 > 223 ==> 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
=2382.7/6294
=0.37856689

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=372.7/4914.26666667
=0.07584041

MFE-MediaForEurope's gearing of this year was 0.37856689. MFE-MediaForEurope's gearing of last year was 0.07584041. ==> 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
=2580.4/3237.7
=0.79698551

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1322.6/1375.4
=0.96161117

MFE-MediaForEurope's current ratio of this year was 0.79698551. MFE-MediaForEurope's current ratio of last year was 0.96161117. ==> Last year's current ratio is higher ==> Score 0.

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.

MFE-MediaForEurope's number of shares in issue this year was 699.63. MFE-MediaForEurope's number of shares in issue last year was 561.129. ==> 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
=1861.3/4784.3
=0.38904333

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1256.3/2885.6
=0.43536873

MFE-MediaForEurope's gross margin of this year was 0.38904333. MFE-MediaForEurope's gross margin of last year was 0.43536873. ==> 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)
=4784.3/4788.2
=0.9991855

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2885.6/5008.9
=0.57609455

MFE-MediaForEurope's asset turnover of this year was 0.9991855. MFE-MediaForEurope's asset turnover of last year was 0.57609455. ==> 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+0+0+0+1
=5

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

MFE-MediaForEurope has an F-score of 5 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 5 mean?
MFE-MediaForEurope (MIL:MFEB) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MFE-MediaForEurope and its competitors. This is near median its historical median of 5.00. Over the past decade, MFE-MediaForEurope's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, MFE-MediaForEurope ranks #404 out of 1015 companies in the Media - Diversified industry, placing it in the top 39.8%.
Is MFE-MediaForEurope's Piotroski F-Score too high?
MFE-MediaForEurope's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. MFE-MediaForEurope's value of 5 is 0% at this industry median. Based on the distribution chart, MFE-MediaForEurope ranks #404 out of 1015 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, MFE-MediaForEurope has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MFE-MediaForEurope's Piotroski F-Score compare to NXST?
According to the Media - Diversified industry distribution chart, MFE-MediaForEurope ranks #404 out of 1015 companies for Piotroski F-Score. This puts MFE-MediaForEurope in the upper half of its industry. The industry median Piotroski F-Score is 5.00. MFE-MediaForEurope's value of 5 is 0% at this benchmark. Historically, MFE-MediaForEurope's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, MFE-MediaForEurope has consistently been at 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,015 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. MFE-MediaForEurope's current Piotroski F-Score of 5 is 0% at 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 MFE-MediaForEurope and its competitors. For the Media - Diversified 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. MFE-MediaForEurope's current Piotroski F-Score is 5, which is near 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 MFE-MediaForEurope stock overvalued right now?
Based on GuruFocus' analysis, MFE-MediaForEurope (MIL:MFEB) is currently considered Possible Value Trap. The stock's GF Value™ is €6.03, compared to a current price of €3.43 — trading 43.1% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Media - Diversified industry median of 5.00. MFE-MediaForEurope's overall GF Score™ is 70/100 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 MFE-MediaForEurope (MIL:MFEB), the current Piotroski F-Score is 5 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 MFE-MediaForEurope (MIL:MFEB) Overvalued in 2026?

Based on GuruFocus' analysis, MFE-MediaForEurope stock appears to be undervalued. The current stock price of €3.43 is trading 43.1% below its estimated GF Value™ of €6.03. GuruFocus considers MFE-MediaForEurope to be Possible Value Trap.

Key valuation signals for MIL:MFEB:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: €6.03 vs. price of €3.43 (43.1% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 0% at the Media - Diversified median (#404 of 1015)

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


MFE-MediaForEurope Business Description

Address Viale Europa 46, Cologno Monzese, Milan, ITA, 20093
MFE-MediaForEurope is a commercial TV operator in the Italian and Spanish commercial TV sector, offering free-to-air television programming on general interest channels (Canale 5, Italia 1 and Rete 4 in Italy, and Tele5 and Cuatro in Spain) and a wide portfolio of semigeneralist and thematic channels available in linear and on-demand OTT services comprising a broad range of cinema, TV series and children's channel content. The group generates maximum revenue from TV advertising, and the rest from sales of TV rights and productions, pay streaming service, movie distribution, construction, rental, and maintenance of TV equipment, etc. The company's operating segments are: Italy, which is its key revenue-generating market, and Spain.
70GF Score

Get the complete analysis for MIL:MFEB

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

€3.43
Price
€6.03
GF Value