MSAfetyMSA +1.62%89 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates MSA with a GF Score™ of 89/100 and a GF Value™ of $186.84 (Modestly Undervalued). Among 1,063 Business Services companies, MSAfety ranks better than 72.25% 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
MSAfety 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 MSAfety's Piotroski F-Score or its related term are showing as below:
MSA'
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 MSAfety was 8. The lowest was 3. And the median was 6.
MSAfety (NYSE:MSA) 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.
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.
MSAfety Piotroski F-Score Related Terms
MSAfety Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for MSAfety'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.
MSA vs ADT, BCO, BRC: Piotroski F-Score Comparison
For the Security & Protection Services subindustry, MSAfety'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.
MSAfety Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, MSAfety's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MSAfety's Piotroski F-Score falls into.
* 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.
*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.
MSAfety's current Net Income (TTM) was 291.
==> 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.
MSAfety's current ratio of this year was 3.17019771. MSAfety's current ratio of last year was 2.93525175.
==> 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.
MSAfety's number of shares in issue this year was 38.986. MSAfety's number of shares in issue last year was 39.501.
==> 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.
MSAfety's gross margin of this year was 0.46804847. MSAfety's gross margin of last year was 0.47259053.
==> 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
MSAfety's asset turnover of this year was 0.85742648. MSAfety's asset turnover of last year was 0.83528213.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MSAfety has an F-score of 6 indicating the company's financial situation is typical for a stable company.
MSAfety (MSA) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MSAfety and its competitors. This is near median its historical median of 6.00. Over the past decade, MSAfety's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, MSAfety ranks #295 out of 1063 companies in the Business Services industry, placing it in the top 27.8%.
Is MSAfety's Piotroski F-Score too high?
MSAfety'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 Business Services industry median Piotroski F-Score is 5.00. MSAfety's value of 6 is 20% above this industry median. Based on the distribution chart, MSAfety ranks #295 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, MSAfety has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MSAfety's Piotroski F-Score compare to ADT and BCO?
According to the Business Services industry distribution chart, MSAfety ranks #295 out of 1063 companies for Piotroski F-Score. This puts MSAfety in the upper half of its industry. The industry median Piotroski F-Score is 5.00. MSAfety's value of 6 is 20% above this benchmark. Historically, MSAfety'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, MSAfety 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. MSAfety'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 MSAfety and its competitors. For the Business Services 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. MSAfety'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 MSAfety stock overvalued right now?
Based on GuruFocus' analysis, MSAfety (MSA) is currently considered Modestly Undervalued. The stock's GF Value™ is $186.84, compared to a current price of $165.29 — trading 11.5% below 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 Business Services industry median of 5.00. MSAfety's overall GF Score™ is 89/100. 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 MSAfety (MSA), the current Piotroski F-Score is 6 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 MSAfety (MSA) Overvalued in 2026?
Based on GuruFocus' analysis, MSAfety stock appears to be undervalued.
The current stock price of $165.29 is trading 11.5% below its estimated GF Value™ of $186.84.
GuruFocus considers MSAfety to be Modestly Undervalued.
Key valuation signals for MSA:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: $186.84 vs. price of $165.29 (11.5% below fair value)
Industry Position: 20% above the Business Services median (#295 of 1063)
No single metric tells the full story. See the MSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The company's product offerings include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems, among others. The end markets for its products include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. The company has organized its business into four geographical operating segments that are aggregated into two reportable segments: Americas and International. The majority of its revenue is generated from the Americas segment, which is comprised of the company's operations in Northern North America and Latin America geographies.
89GF Score
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