Mentice AB (OSTO:MNTC) Piotroski F-Score: 5 (As of Jul. 06, 2026) — 25% Above Median


OSTO:MNTC Mentice AB OSTO:MNTC
76 GF Score
Price kr13.05
GF Value kr26.00
Valuation Possible Value Trap
! 2 Warning Signs
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What is Mentice AB Piotroski F-Score?

Mentice AB OSTO:MNTC +0.38% 76 Piotroski F-Score is 5 as of Jul. 06, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates OSTO:MNTC with a GF Score™ of 76/100 and a GF Value™ of kr26.00 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 808 Medical Devices & Instruments companies, Mentice AB ranks better than 64.98% 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

Mentice AB 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 Mentice AB's Piotroski F-Score or its related term are showing as below:

OSTO:MNTC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 8
Current: 5

During the past 9 years, the highest Piotroski F-Score of Mentice AB was 8. The lowest was 3. And the median was 4.

Mentice AB  (OSTO:MNTC) 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.


Mentice AB Piotroski F-Score Related Terms


Mentice AB Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mentice AB'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.

Mentice AB Piotroski F-Score Chart

Mentice AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 3.00 7.00 6.00 5.00 3.00

Mentice AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 4.00 3.00 3.00 5.00

OSTO:MNTC vs ABT, SYK, MDT: Piotroski F-Score Comparison

For the Medical Devices subindustry, Mentice AB'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.


Mentice AB Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mentice AB's Piotroski F-Score distribution charts can be found below:

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


OSTO:MNTC
76GF Score
Mentice AB OSTO:MNTC
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -17.567 + -0.269 + 13.009 + -16.47 = kr-21.3 Mil.
Cash Flow from Operations was -7.277 + -10.836 + 1.485 + 26.424 = kr9.8 Mil.
Revenue was 63.431 + 70.571 + 90.822 + 62.141 = kr287.0 Mil.
Gross Profit was 57.68 + 63.803 + 79.2 + 54.001 = kr254.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(295.651 + 268.086 + 278.515 + 312.021 + 299.561) / 5 = kr290.7668 Mil.
Total Assets at the begining of this year (Mar25) was kr295.7 Mil.
Long-Term Debt & Capital Lease Obligation was kr8.2 Mil.
Total Current Assets was kr166.0 Mil.
Total Current Liabilities was kr168.0 Mil.
Net Income was 17.245 + -13.061 + 2.037 + -27.507 = kr-21.3 Mil.

Revenue was 100.991 + 57.695 + 86.216 + 54.269 = kr299.2 Mil.
Gross Profit was 86.319 + 52.033 + 76.481 + 50.183 = kr265.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(298.986 + 310.51 + 289.607 + 323.899 + 295.651) / 5 = kr303.7306 Mil.
Total Assets at the begining of last year (Mar24) was kr299.0 Mil.
Long-Term Debt & Capital Lease Obligation was kr11.9 Mil.
Total Current Assets was kr145.4 Mil.
Total Current Liabilities was kr169.3 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.

Mentice AB's current Net Income (TTM) was -21.3. ==> Negative ==> Score 0.

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.

Mentice AB's current Cash Flow from Operations (TTM) was 9.8. ==> 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 (Mar25)
=-21.297/295.651
=-0.07203426

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-21.286/298.986
=-0.07119397

Mentice AB's return on assets of this year was -0.07203426. Mentice AB's return on assets of last year was -0.07119397. ==> Last year is higher ==> Score 0.

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.

Mentice AB's current Net Income (TTM) was -21.3. Mentice AB's current Cash Flow from Operations (TTM) was 9.8. ==> 9.8 > -21.3 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=8.199/290.7668
=0.02819785

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=11.859/303.7306
=0.03904447

Mentice AB's gearing of this year was 0.02819785. Mentice AB's gearing of last year was 0.03904447. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=166.035/168
=0.98830357

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=145.41/169.276
=0.85901132

Mentice AB's current ratio of this year was 0.98830357. Mentice AB's current ratio of last year was 0.85901132. ==> 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.

Mentice AB's number of shares in issue this year was 27.915. Mentice AB's number of shares in issue last year was 25.469. ==> 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
=254.684/286.965
=0.88750893

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=265.016/299.171
=0.88583452

Mentice AB's gross margin of this year was 0.88750893. Mentice AB's gross margin of last year was 0.88583452. ==> 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 (Mar25)
=286.965/295.651
=0.97062077

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=299.171/298.986
=1.00061876

Mentice AB's asset turnover of this year was 0.97062077. Mentice AB's asset turnover of last year was 1.00061876. ==> 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
=0+1+0+1+1+1+0+1+0
=5

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

Mentice AB 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?
Mentice AB (OSTO:MNTC) has a Piotroski F-Score of 5 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mentice AB and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Mentice AB's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Mentice AB ranks #283 out of 808 companies in the Medical Devices & Instruments industry, placing it in the top 35%.
Is Mentice AB's Piotroski F-Score too high?
Mentice AB's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Mentice AB's value of 5 is 0% at this industry median. Based on the distribution chart, Mentice AB ranks #283 out of 808 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Mentice AB has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mentice AB's Piotroski F-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Mentice AB ranks #283 out of 808 companies for Piotroski F-Score. This puts Mentice AB in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Mentice AB's value of 5 is 0% at this benchmark. Historically, Mentice AB'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 4.00 vs. the industry median of 5.00, Mentice AB 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 808 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. Mentice AB'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 Mentice AB and its competitors. For the Medical Devices & Instruments 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. Mentice AB's current Piotroski F-Score is 5, which is 25% 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 Mentice AB stock overvalued right now?
Based on GuruFocus' analysis, Mentice AB (OSTO:MNTC) is currently considered Possible Value Trap. The stock's GF Value™ is kr26.00, compared to a current price of kr13.05 — trading 49.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Medical Devices & Instruments industry median of 5.00. Mentice AB's overall GF Score™ is 76/100 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 Mentice AB (OSTO:MNTC), the current Piotroski F-Score is 5 as of Jul. 06, 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 Mentice AB (OSTO:MNTC) Overvalued in 2026?

Based on GuruFocus' analysis, Mentice AB stock appears to be undervalued. The current stock price of kr13.05 is trading 49.8% below its estimated GF Value™ of kr26.00. GuruFocus considers Mentice AB to be Possible Value Trap.

Key valuation signals for OSTO:MNTC:

  • Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
  • GF Value™: kr26.00 vs. price of kr13.05 (49.8% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 0% at the Medical Devices & Instruments median (#283 of 808)

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


Mentice AB Business Description

Other Exchanges MN2:Germany
Address Odinsgatan 10, Gothenburg, SWE, 411 03
Mentice AB is a provider of software and hardware simulation solutions for image guided interventional therapies, offering proficiency based simulation solutions that help healthcare professionals acquire, retain, and enhance procedural skills, improving productivity and outcomes. Its solutions are scientifically validated and developed for healthcare providers and the medical device industry. Neurovascular, cardiovascular, and peripheral interventions are covered. Mentice operates in two segments: Medical Device Industry (MDI), providing end-to-end solutions supporting development and launch of interventional therapies, and Healthcare Systems (HCS). Product areas include Mentice VIST, Physical Sim, Mentice Live, and Ankyras. It operates in EMEA, APAC, and the Americas.
76GF Score

Get the complete analysis for OSTO:MNTC

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

kr13.05
Price
kr26.00
GF Value