MNTHF (Minth Group) Piotroski F-Score: 6 (As of Jun. 26, 2026) — Near Median


MNTHF Minth Group Ltd MNTHF
89 GF Score
Price $3.12
GF Value $3.01
Valuation Fairly Valued
! 4 Warning Signs
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What is Minth Group Piotroski F-Score?

Minth Group MNTHF +1.63% 89 Piotroski F-Score is 6 as of Jun. 26, 2026, which is at its 10-year median of 6.00. GuruFocus rates MNTHF with a GF Score™ of 89/100 and a GF Value™ of $3.01 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,287 Vehicles & Parts companies, Minth Group ranks better than 73.58% 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

Minth Group 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 Minth Group's Piotroski F-Score or its related term are showing as below:

MNTHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Minth Group was 8. The lowest was 3. And the median was 6.

Minth Group  (OTCPK:MNTHF) 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.


Minth Group Piotroski F-Score Related Terms


Minth Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Minth Group'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.

Minth Group Piotroski F-Score Chart

Minth Group 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 3.00 6.00 7.00 7.00 6.00

Minth Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 0.00 7.00 0.00 6.00

MNTHF vs ORLY, AZO: Piotroski F-Score Comparison

For the Auto Parts subindustry, Minth Group'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.


Minth Group Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minth Group's Piotroski F-Score distribution charts can be found below:

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


MNTHF
89GF Score
Minth Group Ltd MNTHF
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 $382 Mil.
Cash Flow from Operations was $697 Mil.
Revenue was $3,654 Mil.
Gross Profit was $1,023 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (5323.518 + 6005.659) / 2 = $5664.5885 Mil.
Total Assets at the begining of this year (Dec24) was $5,324 Mil.
Long-Term Debt & Capital Lease Obligation was $282 Mil.
Total Current Assets was $2,553 Mil.
Total Current Liabilities was $2,207 Mil.
Net Income was $319 Mil.

Revenue was $3,179 Mil.
Gross Profit was $920 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (5258.579 + 5323.518) / 2 = $5291.0485 Mil.
Total Assets at the begining of last year (Dec23) was $5,259 Mil.
Long-Term Debt & Capital Lease Obligation was $355 Mil.
Total Current Assets was $2,358 Mil.
Total Current Liabilities was $2,002 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.

Minth Group's current Net Income (TTM) was 382. ==> 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.

Minth Group's current Cash Flow from Operations (TTM) was 697. ==> 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)
=382.234/5323.518
=0.07180102

ROA (Last Year)=Net Income/Total Assets (Dec23)
=318.555/5258.579
=0.06057815

Minth Group's return on assets of this year was 0.07180102. Minth Group's return on assets of last year was 0.06057815. ==> 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.

Minth Group's current Net Income (TTM) was 382. Minth Group's current Cash Flow from Operations (TTM) was 697. ==> 697 > 382 ==> 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
=282.046/5664.5885
=0.04979108

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=355.397/5291.0485
=0.06716948

Minth Group's gearing of this year was 0.04979108. Minth Group's gearing of last year was 0.06716948. ==> 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
=2552.812/2206.553
=1.15692304

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2358.2/2002.114
=1.17785501

Minth Group's current ratio of this year was 1.15692304. Minth Group's current ratio of last year was 1.17785501. ==> 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.

Minth Group's number of shares in issue this year was 1158.473. Minth Group's number of shares in issue last year was 1148.623. ==> 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
=1023.247/3654.19
=0.2800202

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=919.976/3179.244
=0.28936942

Minth Group's gross margin of this year was 0.2800202. Minth Group's gross margin of last year was 0.28936942. ==> 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)
=3654.19/5323.518
=0.6864239

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3179.244/5258.579
=0.60458234

Minth Group's asset turnover of this year was 0.6864239. Minth Group's asset turnover of last year was 0.60458234. ==> 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+0+0+0+1
=6

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

Minth Group 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?
Minth Group (MNTHF) 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 Minth Group and its competitors. This is near median its historical median of 6.00. Over the past decade, Minth Group's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Minth Group ranks #340 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 26.4%.
Is Minth Group's Piotroski F-Score too high?
Minth Group'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 3.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Minth Group's value of 6 is 20% above this industry median. Based on the distribution chart, Minth Group ranks #340 out of 1287 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Minth Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Minth Group's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Minth Group ranks #340 out of 1287 companies for Piotroski F-Score. This puts Minth Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Minth Group's value of 6 is 20% above this benchmark. Historically, Minth Group's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Minth Group 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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. Minth Group'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 Minth Group and its competitors. For the Vehicles & Parts 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. Minth Group'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 Minth Group stock overvalued right now?
Based on GuruFocus' analysis, Minth Group (MNTHF) is currently considered Fairly Valued. The stock's GF Value™ is $3.01, compared to a current price of $3.12 — trading 3.7% 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 Vehicles & Parts industry median of 5.00. Minth Group's overall GF Score™ is 89/100 with 4 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 Minth Group (MNTHF), 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 Minth Group (MNTHF) Overvalued in 2026?

Based on GuruFocus' analysis, Minth Group stock appears to be overvalued. The current stock price of $3.12 is trading 3.7% above its estimated GF Value™ of $3.01. GuruFocus considers Minth Group to be Fairly Valued.

Key valuation signals for MNTHF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $3.01 vs. price of $3.12 (3.7% above fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 20% above the Vehicles & Parts median (#340 of 1287)

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


Minth Group Business Description

Address Lane 146, Xinhu 2nd Road, No. 19, 3rd Floor, Neihu District, Taipei, TWN, 114065
Minth Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. Its products include bumpers, sunroof systems, door sills, safety and cockpit systems, dynamic sealing strips, wheel covers, seat rail assemblies, etc. The Group's reportable segments are: Body Structure, which generates the maximum revenue, Plastic, Metal and Trim, Aluminium, and Others. Geographically, its operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, Mexico, the United Kingdom, the Republic of Korea, France, the Czech Republic, Canada and Poland.
89GF Score

Get the complete analysis for MNTHF

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

$3.12
Price
$3.01
GF Value