Mabuhay Vinyl (PHS:MVC) Piotroski F-Score: 9 (As of Jun. 24, 2026) — 50% Above Median


PHS:MVC Mabuhay Vinyl Corp PHS:MVC
93 GF Score
Price ₱5.13
GF Value ₱5.59
Valuation Fairly Valued
! 3 Warning Signs
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What is Mabuhay Vinyl Piotroski F-Score?

Mabuhay Vinyl PHS:MVC -2.66% 93 Piotroski F-Score is 9 as of Jun. 24, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates PHS:MVC with a GF Score™ of 93/100 and a GF Value™ of ₱5.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,566 Chemicals companies, Mabuhay Vinyl ranks better than 99.94% on this metric.

Good Sign:

Piotroski F-Score is 9, 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

Mabuhay Vinyl has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

PHS:MVC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Mabuhay Vinyl was 9. The lowest was 3. And the median was 6.

Mabuhay Vinyl  (PHS:MVC) 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.


Mabuhay Vinyl Piotroski F-Score Related Terms


Mabuhay Vinyl Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mabuhay Vinyl'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.

Mabuhay Vinyl Piotroski F-Score Chart

Mabuhay Vinyl 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 4.00 7.00 6.00 4.00 8.00

Mabuhay Vinyl 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 4.00 6.00 6.00 8.00 9.00

PHS:MVC vs DOW: Piotroski F-Score Comparison

For the Chemicals subindustry, Mabuhay Vinyl'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.


Mabuhay Vinyl Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mabuhay Vinyl's Piotroski F-Score distribution charts can be found below:

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


PHS:MVC
93GF Score
Mabuhay Vinyl Corp PHS:MVC
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 85.09 + 85.706 + 113.131 + 90.115 = ₱374 Mil.
Cash Flow from Operations was 67.702 + 206.705 + 81.895 + 283.969 = ₱640 Mil.
Revenue was 841.264 + 849.811 + 790.419 + 895.53 = ₱3,377 Mil.
Gross Profit was 285.447 + 276.326 + 267.981 + 311.271 = ₱1,141 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4694.947 + 4603.294 + 4697.716 + 4748.785 + 4957.9) / 5 = ₱4740.5284 Mil.
Total Assets at the begining of this year (Mar25) was ₱4,695 Mil.
Long-Term Debt & Capital Lease Obligation was ₱97 Mil.
Total Current Assets was ₱3,001 Mil.
Total Current Liabilities was ₱466 Mil.
Net Income was 88.194 + 101.006 + 47.027 + 71.394 = ₱308 Mil.

Revenue was 774.261 + 790.191 + 791.335 + 858.947 = ₱3,215 Mil.
Gross Profit was 269.368 + 285.334 + 238.831 + 271.252 = ₱1,065 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4549.851 + 4520.234 + 4562.404 + 4588.445 + 4694.947) / 5 = ₱4583.1762 Mil.
Total Assets at the begining of last year (Mar24) was ₱4,550 Mil.
Long-Term Debt & Capital Lease Obligation was ₱107 Mil.
Total Current Assets was ₱2,748 Mil.
Total Current Liabilities was ₱517 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.

Mabuhay Vinyl's current Net Income (TTM) was 374. ==> 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.

Mabuhay Vinyl's current Cash Flow from Operations (TTM) was 640. ==> 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)
=374.042/4694.947
=0.07966906

ROA (Last Year)=Net Income/Total Assets (Mar24)
=307.621/4549.851
=0.06761123

Mabuhay Vinyl's return on assets of this year was 0.07966906. Mabuhay Vinyl's return on assets of last year was 0.06761123. ==> 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.

Mabuhay Vinyl's current Net Income (TTM) was 374. Mabuhay Vinyl's current Cash Flow from Operations (TTM) was 640. ==> 640 > 374 ==> 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
=96.51/4740.5284
=0.02035849

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=107.181/4583.1762
=0.02338575

Mabuhay Vinyl's gearing of this year was 0.02035849. Mabuhay Vinyl's gearing of last year was 0.02338575. ==> 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
=3000.56/466.242
=6.43562785

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2748.031/516.858
=5.31680075

Mabuhay Vinyl's current ratio of this year was 6.43562785. Mabuhay Vinyl's current ratio of last year was 5.31680075. ==> 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.

Mabuhay Vinyl's number of shares in issue this year was 661.309. Mabuhay Vinyl's number of shares in issue last year was 661.309. ==> 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
=1141.025/3377.024
=0.33787885

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1064.785/3214.734
=0.33122025

Mabuhay Vinyl's gross margin of this year was 0.33787885. Mabuhay Vinyl's gross margin of last year was 0.33122025. ==> 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)
=3377.024/4694.947
=0.71928906

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3214.734/4549.851
=0.70655808

Mabuhay Vinyl's asset turnover of this year was 0.71928906. Mabuhay Vinyl's asset turnover of last year was 0.70655808. ==> 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+1+1+1+1+1+1
=9

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

Mabuhay Vinyl has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 9 mean?
Mabuhay Vinyl (PHS:MVC) has a Piotroski F-Score of 9 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mabuhay Vinyl and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Mabuhay Vinyl's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Mabuhay Vinyl ranks #1 out of 1566 companies in the Chemicals industry, placing it in the top 0.099999999999994%.
Is Mabuhay Vinyl's Piotroski F-Score too high?
Mabuhay Vinyl's current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Mabuhay Vinyl's value of 9 is 80% above this industry median. Based on the distribution chart, Mabuhay Vinyl ranks #1 out of 1566 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Mabuhay Vinyl has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mabuhay Vinyl's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Mabuhay Vinyl ranks #1 out of 1566 companies for Piotroski F-Score. This places Mabuhay Vinyl in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mabuhay Vinyl's value of 9 is 80% above this benchmark. Historically, Mabuhay Vinyl's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Mabuhay Vinyl 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Mabuhay Vinyl's current Piotroski F-Score of 9 is 80% 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 Mabuhay Vinyl and its competitors. For the Chemicals 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. Mabuhay Vinyl's current Piotroski F-Score is 9, which is 50% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mabuhay Vinyl stock overvalued right now?
Based on GuruFocus' analysis, Mabuhay Vinyl (PHS:MVC) is currently considered Fairly Valued. The stock's GF Value™ is ₱5.59, compared to a current price of ₱5.13 — trading 8.2% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Chemicals industry median of 5.00. Mabuhay Vinyl's overall GF Score™ is 93/100 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 Mabuhay Vinyl (PHS:MVC), the current Piotroski F-Score is 9 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 Mabuhay Vinyl (PHS:MVC) Overvalued in 2026?

Based on GuruFocus' analysis, Mabuhay Vinyl stock appears to be undervalued. The current stock price of ₱5.13 is trading 8.2% below its estimated GF Value™ of ₱5.59. GuruFocus considers Mabuhay Vinyl to be Fairly Valued.

Key valuation signals for PHS:MVC:

  • Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
  • GF Value™: ₱5.59 vs. price of ₱5.13 (8.2% below fair value)
  • GF Score™: 93/100 with 3 warning signs
  • Industry Position: 80% above the Chemicals median (#1 of 1566)

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


Mabuhay Vinyl Business Description

Address 169 H.V. Dela Costa Street, 22nd Floor, The Salcedo Towers, Salcedo Village, Barangay Bel-Air, Makati City, PHL, 1227
Mabuhay Vinyl Corp is a Chlor-Alkali chemical producer. It focuses on manufacturing and distributing basic and intermediate chemicals. Some of its products are caustic soda, hydrochloric acid, sodium hypochlorite, and chlorine, which are widely used in diversified industries. The group considers the manufacturing and distribution of basic and intermediate chemicals as its business activity and only operating segment.
93GF Score

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

₱5.13
Price
₱5.59
GF Value