MTUAY (MTU Aero Engines AG) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 14% Below Median


MTUAY MTU Aero Engines AG MTUAY
86 GF Score
Price $204.50
GF Value $226.61
Valuation Modestly Undervalued
! 3 Warning Signs
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What is MTU Aero Engines AG Piotroski F-Score?

MTU Aero Engines AG MTUAY -0.70% 86 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates MTUAY with a GF Score™ of 86/100 and a GF Value™ of $226.61 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 319 Aerospace & Defense companies, MTU Aero Engines AG ranks better than 73.98% 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

MTU Aero Engines AG 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 MTU Aero Engines AG's Piotroski F-Score or its related term are showing as below:

MTUAY' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 7   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of MTU Aero Engines AG was 8. The lowest was 2. And the median was 7.

MTU Aero Engines AG  (OTCPK:MTUAY) 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.


MTU Aero Engines AG Piotroski F-Score Related Terms


MTU Aero Engines AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MTU Aero Engines AG'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.

MTU Aero Engines AG Piotroski F-Score Chart

MTU Aero Engines AG 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 7.00 7.00 2.00 7.00 6.00

MTU Aero Engines AG 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 2.00 0.00 7.00 0.00 6.00

MTUAY vs GE, RTX, BA: Piotroski F-Score Comparison

For the Aerospace & Defense subindustry, MTU Aero Engines AG'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.


MTU Aero Engines AG Piotroski F-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, MTU Aero Engines AG's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where MTU Aero Engines AG's Piotroski F-Score falls into.


MTUAY
86GF Score
MTU Aero Engines AG MTUAY
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 $1,190 Mil.
Cash Flow from Operations was $993 Mil.
Revenue was $10,261 Mil.
Gross Profit was $1,977 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (13072.251 + 14895.785) / 2 = $13984.018 Mil.
Total Assets at the begining of this year (Dec24) was $13,072 Mil.
Long-Term Debt & Capital Lease Obligation was $2,210 Mil.
Total Current Assets was $8,878 Mil.
Total Current Liabilities was $6,153 Mil.
Net Income was $663 Mil.

Revenue was $7,760 Mil.
Gross Profit was $1,292 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (11127.59 + 13072.251) / 2 = $12099.9205 Mil.
Total Assets at the begining of last year (Dec23) was $11,128 Mil.
Long-Term Debt & Capital Lease Obligation was $1,907 Mil.
Total Current Assets was $7,874 Mil.
Total Current Liabilities was $6,334 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.

MTU Aero Engines AG's current Net Income (TTM) was 1,190. ==> 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.

MTU Aero Engines AG's current Cash Flow from Operations (TTM) was 993. ==> 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)
=1189.696/13072.251
=0.09100927

ROA (Last Year)=Net Income/Total Assets (Dec23)
=662.827/11127.59
=0.05956609

MTU Aero Engines AG's return on assets of this year was 0.09100927. MTU Aero Engines AG's return on assets of last year was 0.05956609. ==> 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.

MTU Aero Engines AG's current Net Income (TTM) was 1,190. MTU Aero Engines AG's current Cash Flow from Operations (TTM) was 993. ==> 993 <= 1,190 ==> CFROA <= ROA ==> Score 0.

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
=2209.602/13984.018
=0.15800909

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1906.806/12099.9205
=0.15758831

MTU Aero Engines AG's gearing of this year was 0.15800909. MTU Aero Engines AG's gearing of last year was 0.15758831. ==> 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
=8878.22/6153.396
=1.44281629

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=7874.346/6334.031
=1.24318084

MTU Aero Engines AG's current ratio of this year was 1.44281629. MTU Aero Engines AG's current ratio of last year was 1.24318084. ==> 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.

MTU Aero Engines AG's number of shares in issue this year was 110.214. MTU Aero Engines AG's number of shares in issue last year was 110.199. ==> 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
=1976.581/10261.124
=0.19262812

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1292.147/7760.209
=0.1665093

MTU Aero Engines AG's gross margin of this year was 0.19262812. MTU Aero Engines AG's gross margin of last year was 0.1665093. ==> 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)
=10261.124/13072.251
=0.78495463

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=7760.209/11127.59
=0.69738452

MTU Aero Engines AG's asset turnover of this year was 0.78495463. MTU Aero Engines AG's asset turnover of last year was 0.69738452. ==> 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+0+0+1+0+1+1
=6

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

MTU Aero Engines AG 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?
MTU Aero Engines AG (MTUAY) 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 MTU Aero Engines AG and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, MTU Aero Engines AG's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, MTU Aero Engines AG ranks #83 out of 319 companies in the Aerospace & Defense industry, placing it in the top 26%.
Is MTU Aero Engines AG's Piotroski F-Score too high?
MTU Aero Engines AG's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. MTU Aero Engines AG's value of 6 is 20% above this industry median. Based on the distribution chart, MTU Aero Engines AG ranks #83 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, MTU Aero Engines AG has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MTU Aero Engines AG's Piotroski F-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, MTU Aero Engines AG ranks #83 out of 319 companies for Piotroski F-Score. This puts MTU Aero Engines AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. MTU Aero Engines AG's value of 6 is 20% above this benchmark. Historically, MTU Aero Engines AG's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, MTU Aero Engines AG 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 Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. MTU Aero Engines AG'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 MTU Aero Engines AG and its competitors. For the Aerospace & Defense 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. MTU Aero Engines AG's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTU Aero Engines AG stock overvalued right now?
Based on GuruFocus' analysis, MTU Aero Engines AG (MTUAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $226.61, compared to a current price of $204.50 — trading 9.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Aerospace & Defense industry median of 5.00. MTU Aero Engines AG's overall GF Score™ is 86/100 with 3 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 MTU Aero Engines AG (MTUAY), 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 MTU Aero Engines AG (MTUAY) Overvalued in 2026?

Based on GuruFocus' analysis, MTU Aero Engines AG stock appears to be undervalued. The current stock price of $204.50 is trading 9.8% below its estimated GF Value™ of $226.61. GuruFocus considers MTU Aero Engines AG to be Modestly Undervalued.

Key valuation signals for MTUAY:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: $226.61 vs. price of $204.50 (9.8% below fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 20% above the Aerospace & Defense median (#83 of 319)

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


MTU Aero Engines AG Business Description

Address Dachauer Strasse 665, Munich, BY, DEU, 80995
MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. The company is a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU's MRO services.
86GF Score

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

$204.50
Price
$226.61
GF Value