MRX (Marex Group) Piotroski F-Score: 5 (As of Jun. 26, 2026) — 17% Below Median


MRX Marex Group PLC MRX
17 GF Score
Price $64.19
! 9 Warning Signs
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What is Marex Group Piotroski F-Score?

Marex Group MRX +0.11% 17 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates MRX with a GF Score™ of 17/100. The stock has 9 warning signs investors should review. Among 782 Capital Markets companies, Marex Group ranks better than 64.32% 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

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

MRX' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 7
Current: 5

During the past 5 years, the highest Piotroski F-Score of Marex Group was 7. The lowest was 5. And the median was 6.

Marex Group  (NAS:MRX) 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.


Marex Group Piotroski F-Score Related Terms


Marex Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Marex 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.

Marex Group Piotroski F-Score Chart

Marex Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 7.00 5.00

Marex Group Quarterly Data
Dec21 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 0.00 0.00 0.00 5.00 0.00

MRX vs PJT, ETOR, VIRT: Piotroski F-Score Comparison

For the Capital Markets subindustry, Marex 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.


Marex Group Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Marex Group's Piotroski F-Score distribution charts can be found below:

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


MRX
17GF Score
Marex Group PLC MRX
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $307 Mil.
Cash Flow from Operations was $668 Mil.
Revenue was $3,630 Mil.
Gross Profit was $1,706 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (24312.5 + 34675.1) / 2 = $29493.8 Mil.
Total Assets at the begining of this year (Dec24) was $24,313 Mil.
Long-Term Debt & Capital Lease Obligation was $2,415 Mil.
Total Current Assets was $33,697 Mil.
Total Current Liabilities was $30,963 Mil.
Net Income was $218 Mil.

Revenue was $2,895 Mil.
Gross Profit was $1,287 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (17611.6 + 24312.5) / 2 = $20962.05 Mil.
Total Assets at the begining of last year (Dec23) was $17,612 Mil.
Long-Term Debt & Capital Lease Obligation was $1,552 Mil.
Total Current Assets was $23,829 Mil.
Total Current Liabilities was $21,779 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.

Marex Group's current Net Income (TTM) was 307. ==> 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.

Marex Group's current Cash Flow from Operations (TTM) was 668. ==> 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)
=307.2/24312.5
=0.01263548

ROA (Last Year)=Net Income/Total Assets (Dec23)
=218/17611.6
=0.01237821

Marex Group's return on assets of this year was 0.01263548. Marex Group's return on assets of last year was 0.01237821. ==> 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.

Marex Group's current Net Income (TTM) was 307. Marex Group's current Cash Flow from Operations (TTM) was 668. ==> 668 > 307 ==> 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
=2414.7/29493.8
=0.08187144

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1551.9/20962.05
=0.07403379

Marex Group's gearing of this year was 0.08187144. Marex Group's gearing of last year was 0.07403379. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=33696.9/30963.4
=1.08828165

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=23828.5/21779.2
=1.09409437

Marex Group's current ratio of this year was 1.08828165. Marex Group's current ratio of last year was 1.09409437. ==> 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.

Marex Group's number of shares in issue this year was 76.127. Marex Group's number of shares in issue last year was 75.279. ==> 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
=1705.6/3629.8
=0.46988815

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1287.2/2894.8
=0.44465939

Marex Group's gross margin of this year was 0.46988815. Marex Group's gross margin of last year was 0.44465939. ==> 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 (Dec24)
=3629.8/24312.5
=0.14929769

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=2894.8/17611.6
=0.16436894

Marex Group's asset turnover of this year was 0.14929769. Marex Group's asset turnover of last year was 0.16436894. ==> 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+0+0+0+1+0
=5

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

Marex Group 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?
Marex Group (MRX) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Marex Group and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Marex Group's Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Marex Group ranks #279 out of 782 companies in the Capital Markets industry, placing it in the top 35.7%.
Is Marex Group's Piotroski F-Score too high?
Marex Group's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. Marex Group's value of 5 is 0% at this industry median. Based on the distribution chart, Marex Group ranks #279 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Marex Group has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Marex Group's Piotroski F-Score compare to PJT and ETOR?
According to the Capital Markets industry distribution chart, Marex Group ranks #279 out of 782 companies for Piotroski F-Score. This puts Marex Group in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Marex Group's value of 5 is 0% at this benchmark. Historically, Marex Group's own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Marex Group 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 782 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. Marex Group'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 Marex Group and its competitors. For the Capital Markets 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. Marex Group's current Piotroski F-Score is 5, which is 17% below 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 Marex Group stock overvalued right now?
Marex Group (MRX) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Capital Markets industry median of 5.00. Marex Group's overall GF Score™ is 17/100 with 9 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 Marex Group (MRX), the current Piotroski F-Score is 5 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.

Marex Group Business Description

Other Exchanges 8UU:Germany
Address 155 Bishopsgate, London, GBR, EC2M 3TQ
Marex Group PLC is a financial services platform, providing liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The Group's operating segments are: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate. Maximum revenue is generated from the Agency and Execution segment, which offers liquidity and execution services to clients mainly in the energy and financial securities markets by connecting buyers and sellers in the energy markets, offering liquidity and risk management solutions for financial markets, and providing clearing, custody, capital introduction, portfolio financing, and outsourced trading services. Geographically, the Group generates maximum revenue from the United States.
17GF Score

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

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