Millennium Global Holdings (PHS:MG) Piotroski F-Score: 3 (As of Jun. 27, 2026) — 40% Below Median


What is Millennium Global Holdings Piotroski F-Score?

Millennium Global Holdings PHS:MG +1.67% Piotroski F-Score is 3 as of Jun. 27, 2026, which is 40% below its 10-year median of 5.00. The stock has 9 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Millennium Global Holdings ranks worse than 84.82% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Millennium Global Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Millennium Global Holdings's Piotroski F-Score or its related term are showing as below:

PHS:MG' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Millennium Global Holdings was 7. The lowest was 2. And the median was 5.

Millennium Global Holdings  (PHS:MG) 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.


Millennium Global Holdings Piotroski F-Score Related Terms


Millennium Global Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Millennium Global Holdings'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.

Millennium Global Holdings Piotroski F-Score Chart

Millennium Global Holdings 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 6.00 4.00 7.00 3.00 2.00

Millennium Global Holdings 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 2.00 5.00 4.00 2.00 3.00

PHS:MG vs KHC, GIS, JBS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Millennium Global Holdings'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.


Millennium Global Holdings Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Millennium Global Holdings's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Millennium Global Holdings's Piotroski F-Score falls into.


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 0.3 + -0.058 + -4.619 + -0.41 = ₱-5 Mil.
Cash Flow from Operations was -17.51 + 91.742 + -131.462 + -44.509 = ₱-102 Mil.
Revenue was 192.81 + 100.485 + 606.058 + 135.981 = ₱1,035 Mil.
Gross Profit was 41.383 + 40.522 + -73.75 + 30.735 = ₱39 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2020.488 + 2093.684 + 2069.363 + 2075.672 + 2180.861) / 5 = ₱2088.0136 Mil.
Total Assets at the begining of this year (Mar25) was ₱2,020 Mil.
Long-Term Debt & Capital Lease Obligation was ₱18 Mil.
Total Current Assets was ₱1,914 Mil.
Total Current Liabilities was ₱1,465 Mil.
Net Income was -0.017 + -0.042 + -3.238 + -0.358 = ₱-4 Mil.

Revenue was 151.542 + 108.375 + 601.264 + 102.502 = ₱964 Mil.
Gross Profit was 43.944 + 29.448 + -69.573 + 27.512 = ₱31 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1894.793 + 1996.34 + 1938.357 + 2038.174 + 2020.488) / 5 = ₱1977.6304 Mil.
Total Assets at the begining of last year (Mar24) was ₱1,895 Mil.
Long-Term Debt & Capital Lease Obligation was ₱8 Mil.
Total Current Assets was ₱1,733 Mil.
Total Current Liabilities was ₱1,309 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.

Millennium Global Holdings's current Net Income (TTM) was -5. ==> 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.

Millennium Global Holdings's current Cash Flow from Operations (TTM) was -102. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=-4.787/2020.488
=-0.00236923

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-3.655/1894.793
=-0.00192897

Millennium Global Holdings's return on assets of this year was -0.00236923. Millennium Global Holdings's return on assets of last year was -0.00192897. ==> 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.

Millennium Global Holdings's current Net Income (TTM) was -5. Millennium Global Holdings's current Cash Flow from Operations (TTM) was -102. ==> -102 <= -5 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=17.708/2088.0136
=0.00848079

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=8.226/1977.6304
=0.00415952

Millennium Global Holdings's gearing of this year was 0.00848079. Millennium Global Holdings's gearing of last year was 0.00415952. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=1913.512/1464.733
=1.30638963

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1732.849/1309.279
=1.32351393

Millennium Global Holdings's current ratio of this year was 1.30638963. Millennium Global Holdings's current ratio of last year was 1.32351393. ==> Last year's current ratio is higher ==> Score 0.

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.

Millennium Global Holdings's number of shares in issue this year was 2369.685. Millennium Global Holdings's number of shares in issue last year was 2369.685. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=38.89/1035.334
=0.03756276

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=31.331/963.683
=0.03251173

Millennium Global Holdings's gross margin of this year was 0.03756276. Millennium Global Holdings's gross margin of last year was 0.03251173. ==> 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)
=1035.334/2020.488
=0.51241779

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=963.683/1894.793
=0.5085954

Millennium Global Holdings's asset turnover of this year was 0.51241779. Millennium Global Holdings's asset turnover of last year was 0.5085954. ==> 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
=0+0+0+0+0+0+1+1+1
=3

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

Millennium Global Holdings has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Millennium Global Holdings (PHS:MG) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Millennium Global Holdings and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Millennium Global Holdings' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Millennium Global Holdings ranks #1621 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 84.8%.
Is Millennium Global Holdings' Piotroski F-Score too high?
Millennium Global Holdings' current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Millennium Global Holdings' value of 3 is 40% below this industry median. Based on the distribution chart, Millennium Global Holdings ranks #1621 out of 1911 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers.
How does Millennium Global Holdings' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Millennium Global Holdings ranks #1621 out of 1911 companies for Piotroski F-Score. This places Millennium Global Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Millennium Global Holdings' value of 3 is 40% below this benchmark. Historically, Millennium Global Holdings' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Millennium Global Holdings has consistently been below 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Millennium Global Holdings's current Piotroski F-Score of 3 is 40% below 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 Millennium Global Holdings and its competitors. For the Consumer Packaged Goods 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. Millennium Global Holdings's current Piotroski F-Score is 3, which is 40% below 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 Millennium Global Holdings stock overvalued right now?
Based on GuruFocus' analysis, Millennium Global Holdings (PHS:MG) is currently considered Possible Value Trap. The stock's GF Value™ is ₱0.09, compared to a current price of ₱0.06 — trading 32.2% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Consumer Packaged Goods industry median of 5.00. 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 Millennium Global Holdings (PHS:MG), the current Piotroski F-Score is 3 as of Jun. 27, 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.

Millennium Global Holdings Business Description

Address Lot 9 Block 2, John Street, Multinational Village, Paranaque, PHL, 1701
Millennium Global Holdings Inc is a general holding company. Through its subsidiaries, it is engaged in the processing of seafood and aquaculture products for export and trading of imported marine and other related products. Its key business activity is the processing and export of seafood products such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, etc. It derives its revenue from the export sales of aquatic and marine products. The company's operations are geographically located in Japan, Korea, Taiwan, and Hongkong.