MRHLF (MIRAIT One) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 33% Above Median


MRHLF MIRAIT One Corp MRHLF
84 GF Score
Price $13.02
GF Value $8.62
! 4 Warning Signs
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What is MIRAIT One Piotroski F-Score?

MIRAIT One MRHLF 84 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates MRHLF with a GF Score™ of 84/100 and a GF Value™ of $8.62. The stock has 4 warning signs investors should review. Among 1,735 Construction companies, MIRAIT One ranks better than 98.39% 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

MIRAIT One has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

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

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

MIRAIT One  (OTCPK:MRHLF) 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.


MIRAIT One Piotroski F-Score Related Terms


MIRAIT One Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MIRAIT One'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.

MIRAIT One Piotroski F-Score Chart

MIRAIT One Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 4.00 6.00 7.00 8.00

MIRAIT One 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 7.00 0.00 0.00 0.00 8.00

MRHLF vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, MIRAIT One'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.


MIRAIT One Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, MIRAIT One's Piotroski F-Score distribution charts can be found below:

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


MRHLF
84GF Score
MIRAIT One Corp MRHLF
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 $147 Mil.
Cash Flow from Operations was $152 Mil.
Revenue was $3,796 Mil.
Gross Profit was $586 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3607.592 + 3613.456) / 2 = $3610.524 Mil.
Total Assets at the begining of this year (Mar25) was $3,608 Mil.
Long-Term Debt & Capital Lease Obligation was $509 Mil.
Total Current Assets was $2,187 Mil.
Total Current Liabilities was $1,111 Mil.
Net Income was $115 Mil.

Revenue was $3,882 Mil.
Gross Profit was $569 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (3470.597 + 3607.592) / 2 = $3539.0945 Mil.
Total Assets at the begining of last year (Mar24) was $3,471 Mil.
Long-Term Debt & Capital Lease Obligation was $540 Mil.
Total Current Assets was $2,155 Mil.
Total Current Liabilities was $1,080 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.

MIRAIT One's current Net Income (TTM) was 147. ==> 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.

MIRAIT One's current Cash Flow from Operations (TTM) was 152. ==> 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)
=146.72/3607.592
=0.04066979

ROA (Last Year)=Net Income/Total Assets (Mar24)
=115.251/3470.597
=0.03320783

MIRAIT One's return on assets of this year was 0.04066979. MIRAIT One's return on assets of last year was 0.03320783. ==> 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.

MIRAIT One's current Net Income (TTM) was 147. MIRAIT One's current Cash Flow from Operations (TTM) was 152. ==> 152 > 147 ==> 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
=509.407/3610.524
=0.14108949

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=539.603/3539.0945
=0.15246923

MIRAIT One's gearing of this year was 0.14108949. MIRAIT One's gearing of last year was 0.15246923. ==> 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
=2187.22/1110.871
=1.96892348

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2154.831/1080.005
=1.99520465

MIRAIT One's current ratio of this year was 1.96892348. MIRAIT One's current ratio of last year was 1.99520465. ==> 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.

MIRAIT One's number of shares in issue this year was 88.952. MIRAIT One's number of shares in issue last year was 90.702. ==> 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
=586.126/3796.11
=0.15440174

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=569.25/3881.714
=0.14664913

MIRAIT One's gross margin of this year was 0.15440174. MIRAIT One's gross margin of last year was 0.14664913. ==> 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)
=3796.11/3607.592
=1.05225591

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3881.714/3470.597
=1.11845714

MIRAIT One's asset turnover of this year was 1.05225591. MIRAIT One's asset turnover of last year was 1.11845714. ==> 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+0+1+1+0
=7

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

MIRAIT One has an F-score of 7. 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?
MIRAIT One (MRHLF) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MIRAIT One and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, MIRAIT One's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, MIRAIT One ranks #28 out of 1735 companies in the Construction industry, placing it in the top 1.6%.
Is MIRAIT One's Piotroski F-Score too high?
MIRAIT One'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 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. MIRAIT One's value of 8 is 60% above this industry median. Based on the distribution chart, MIRAIT One ranks #28 out of 1735 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, MIRAIT One has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does MIRAIT One's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, MIRAIT One ranks #28 out of 1735 companies for Piotroski F-Score. This places MIRAIT One in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. MIRAIT One's value of 8 is 60% above this benchmark. Historically, MIRAIT One'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, MIRAIT One 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. MIRAIT One's current Piotroski F-Score of 8 is 60% 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 MIRAIT One 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. MIRAIT One'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 MIRAIT One stock overvalued right now?
MIRAIT One (MRHLF) has a current Piotroski F-Score of 8. The stock's GF Value™ is $8.62, compared to a current price of $13.02 — trading 51% 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 60% above the Construction industry median of 5.00. MIRAIT One's overall GF Score™ is 84/100 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 MIRAIT One (MRHLF), the current Piotroski F-Score is 8 as of Jun. 27, 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 MIRAIT One (MRHLF) Overvalued in 2026?

Based on GuruFocus' analysis, MIRAIT One stock appears to be overvalued. The current stock price of $13.02 is trading 51% above its estimated GF Value™ of $8.62.

Key valuation signals for MRHLF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $8.62 vs. price of $13.02 (51% above fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 60% above the Construction median (#28 of 1735)

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


MIRAIT One Business Description

Other Exchanges 1417:Japan
Address 5-6-36 Toyosu, Koto-ku, Tokyo, JPN, 135-8111
MIRAIT One Corp is engaged in building and maintaining various social infrastructures including communication infrastructures. It is also involved in projects that contribute to local town and community development, as well as corporate DX and GX. It also engages in the construction and sales of solar power generation facilities; provides high-quality software and DX through virtualization; construction of broadband networks and ICT systems among others.
84GF Score

Get the complete analysis for MRHLF

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

$13.02
Price
$8.62
GF Value