Morgan Stanley Emerg Mkts Debt FdMSD 61 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates MSD with a GF Score™ of 61/100 and a GF Value™ of $9.63 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,601 Asset Management companies, Morgan Stanley Emerg Mkts Debt Fd ranks better than 92.94% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Morgan Stanley Emerg Mkts Debt Fd 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 Morgan Stanley Emerg Mkts Debt Fd's Piotroski F-Score or its related term are showing as below:
MSD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 7
During the past 9 years, the highest Piotroski F-Score of Morgan Stanley Emerg Mkts Debt Fd was 7. The lowest was 2. And the median was 4.
Morgan Stanley Emerg Mkts Debt Fd (NYSE:MSD) 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.
Morgan Stanley Emerg Mkts Debt Fd Piotroski F-Score Related Terms
Morgan Stanley Emerg Mkts Debt Fd Piotroski F-Score Historical Data
* 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.
Morgan Stanley Emerg Mkts Debt Fd Piotroski F-Score Chart
MSD vs PFD, SPE, MPA: Piotroski F-Score Comparison
For the Asset Management subindustry, Morgan Stanley Emerg Mkts Debt Fd'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.
Morgan Stanley Emerg Mkts Debt Fd Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Morgan Stanley Emerg Mkts Debt Fd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Morgan Stanley Emerg Mkts Debt Fd'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.
Morgan Stanley Emerg Mkts Debt Fd's current Net Income (TTM) was 21.13.
==> 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.
Morgan Stanley Emerg Mkts Debt Fd's current Cash Flow from Operations (TTM) was 0.00.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Morgan Stanley Emerg Mkts Debt Fd's return on assets of this year was 0.13329338. Morgan Stanley Emerg Mkts Debt Fd's return on assets of last year was 0.10243716.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Morgan Stanley Emerg Mkts Debt Fd's gearing of this year was 0. Morgan Stanley Emerg Mkts Debt Fd's gearing of last year was 0.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Morgan Stanley Emerg Mkts Debt Fd's current ratio of this year was 37.74168975. Morgan Stanley Emerg Mkts Debt Fd's current ratio of last year was 26.53221757.
==> 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.
Morgan Stanley Emerg Mkts Debt Fd's number of shares in issue this year was 20.125. Morgan Stanley Emerg Mkts Debt Fd's number of shares in issue last year was 20.206.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Morgan Stanley Emerg Mkts Debt Fd's net margin of this year was 0.97445239. Morgan Stanley Emerg Mkts Debt Fd's net margin of last year was 0.97001126.
==> This year's net 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
Morgan Stanley Emerg Mkts Debt Fd's asset turnover of this year was 0.13678799. Morgan Stanley Emerg Mkts Debt Fd's asset turnover of last year was 0.1056041.
==> 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
+
0
+
1
+
0
+
1
+
1
+
1
+
1
+
1
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Morgan Stanley Emerg Mkts Debt Fd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Morgan Stanley Emerg Mkts Debt Fd (MSD) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Morgan Stanley Emerg Mkts Debt Fd and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Morgan Stanley Emerg Mkts Debt Fd's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #113 out of 1601 companies in the Asset Management industry, placing it in the top 7.1%.
Is Morgan Stanley Emerg Mkts Debt Fd's Piotroski F-Score too high?
Morgan Stanley Emerg Mkts Debt Fd's current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Morgan Stanley Emerg Mkts Debt Fd's value of 7 is 40% above this industry median. Based on the distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #113 out of 1601 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Morgan Stanley Emerg Mkts Debt Fd has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morgan Stanley Emerg Mkts Debt Fd's Piotroski F-Score compare to PFD and SPE?
According to the Asset Management industry distribution chart, Morgan Stanley Emerg Mkts Debt Fd ranks #113 out of 1601 companies for Piotroski F-Score. This places Morgan Stanley Emerg Mkts Debt Fd in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Morgan Stanley Emerg Mkts Debt Fd's value of 7 is 40% above this benchmark. Historically, Morgan Stanley Emerg Mkts Debt Fd'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 4.00 vs. the industry median of 5.00, Morgan Stanley Emerg Mkts Debt Fd 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,601 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. Morgan Stanley Emerg Mkts Debt Fd's current Piotroski F-Score of 7 is 40% 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 Morgan Stanley Emerg Mkts Debt Fd and its competitors. For the Asset Management 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. Morgan Stanley Emerg Mkts Debt Fd's current Piotroski F-Score is 7, which is 75% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morgan Stanley Emerg Mkts Debt Fd stock overvalued right now?
Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd (MSD) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.63, compared to a current price of $7.33 — trading 23.9% below its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Asset Management industry median of 5.00. Morgan Stanley Emerg Mkts Debt Fd's overall GF Score™ is 61/100 with 2 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 Morgan Stanley Emerg Mkts Debt Fd (MSD), the current Piotroski F-Score is 7 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 Morgan Stanley Emerg Mkts Debt Fd (MSD) Overvalued in 2026?
Based on GuruFocus' analysis, Morgan Stanley Emerg Mkts Debt Fd stock appears to be undervalued.
The current stock price of $7.33 is trading 23.9% below its estimated GF Value™ of $9.63.
GuruFocus considers Morgan Stanley Emerg Mkts Debt Fd to be Modestly Undervalued.
Key valuation signals for MSD:
Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
GF Value™: $9.63 vs. price of $7.33 (23.9% below fair value)
Industry Position: 40% above the Asset Management median (#113 of 1601)
No single metric tells the full story. See the MSD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morgan Stanley Emerg Mkts Debt Fd Business Description
Morgan Stanley Emerg Mkts Debt Fd Inc is a diversified, closed-end management investment company. The Fund's primary investment objective is to produce high current income and as a secondary objective to seek capital appreciation, through investments mainly in debt securities of government and government-related issuers located in emerging countries, of entities organized to restructure the outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.
61GF Score
Get the complete analysis for MSD
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MSD has been successfully added to your 
