Manitowoc CoMTW +2.98%73 Piotroski F-Score is 6 as of Jun. 24, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates MTW with a GF Score™ of 73/100 and a GF Value™ of $12.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 207 Farm & Heavy Construction Machinery companies, Manitowoc Co ranks better than 78.74% 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
Manitowoc Co 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 Manitowoc Co's Piotroski F-Score or its related term are showing as below:
MTW'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Manitowoc Co was 8. The lowest was 1. And the median was 5.
Manitowoc Co (NYSE:MTW) 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.
Manitowoc Co Piotroski F-Score Related Terms
Manitowoc Co Piotroski F-Score Historical Data
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The historical data trend for Manitowoc Co'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.
MTW vs CMCO, TWI, WNC: Piotroski F-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Manitowoc Co'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.
Manitowoc Co Piotroski F-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitowoc Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Manitowoc Co'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.
Manitowoc Co's current Net Income (TTM) was 8.
==> 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.
Manitowoc Co's return on assets of this year was 0.00425218. Manitowoc Co's return on assets of last year was 0.02527238.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Manitowoc Co's gearing of this year was 0.26522103. Manitowoc Co's gearing of last year was 0.24974224.
==> 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
Manitowoc Co's current ratio of this year was 2.09875857. Manitowoc Co's current ratio of last year was 1.90068493.
==> 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.
Manitowoc Co's number of shares in issue this year was 35.666. Manitowoc Co's number of shares in issue last year was 35.274.
==> 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.
Manitowoc Co's gross margin of this year was 0.18113574. Manitowoc Co's gross margin of last year was 0.17285728.
==> 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
Manitowoc Co's asset turnover of this year was 1.28393242. Manitowoc Co's asset turnover of last year was 1.20959227.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Manitowoc Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Manitowoc Co (MTW) has a Piotroski F-Score of 6 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Manitowoc Co and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Manitowoc Co's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Manitowoc Co ranks #44 out of 207 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 21.3%.
Is Manitowoc Co's Piotroski F-Score too high?
Manitowoc Co's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Manitowoc Co's value of 6 is 20% above this industry median. Based on the distribution chart, Manitowoc Co ranks #44 out of 207 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Manitowoc Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manitowoc Co's Piotroski F-Score compare to CMCO and TWI?
According to the Farm & Heavy Construction Machinery industry distribution chart, Manitowoc Co ranks #44 out of 207 companies for Piotroski F-Score. This places Manitowoc Co in the top 21% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Manitowoc Co's value of 6 is 20% above this benchmark. Historically, Manitowoc Co's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Manitowoc Co 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 Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 207 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. Manitowoc Co'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 Manitowoc Co and its competitors. For the Farm & Heavy Construction Machinery 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. Manitowoc Co's current Piotroski F-Score is 6, which is 20% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manitowoc Co stock overvalued right now?
Based on GuruFocus' analysis, Manitowoc Co (MTW) is currently considered Fairly Valued. The stock's GF Value™ is $12.57, compared to a current price of $13.47 — trading 7.2% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Farm & Heavy Construction Machinery industry median of 5.00. Manitowoc Co's overall GF Score™ is 73/100 with 6 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 Manitowoc Co (MTW), the current Piotroski F-Score is 6 as of Jun. 24, 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 Manitowoc Co (MTW) Overvalued in 2026?
Based on GuruFocus' analysis, Manitowoc Co stock appears to be overvalued.
The current stock price of $13.47 is trading 7.2% above its estimated GF Value™ of $12.57.
GuruFocus considers Manitowoc Co to be Fairly Valued.
Key valuation signals for MTW:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: $12.57 vs. price of $13.47 (7.2% above fair value)
Industry Position: 20% above the Farm & Heavy Construction Machinery median (#44 of 207)
No single metric tells the full story. See the MTW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment generates the majority of the revenue for the company.
73GF Score
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