MBB SE (STU:MBB) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 14% Above Median


STU:MBB MBB SE STU:MBB
93 GF Score
Price €172.40
GF Value €132.47
Valuation Modestly Overvalued
! 1 Warning Sign
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What is MBB SE Piotroski F-Score?

MBB SE STU:MBB -4.22% 93 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates STU:MBB with a GF Score™ of 93/100 and a GF Value™ of €132.47 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 555 Conglomerates companies, MBB SE ranks better than 98.2% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

MBB SE has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

STU:MBB' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of MBB SE was 9. The lowest was 4. And the median was 7.

MBB SE  (STU:MBB) 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.


MBB SE Piotroski F-Score Related Terms


MBB SE Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MBB SE'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.

MBB SE Piotroski F-Score Chart

MBB SE 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 5.00 7.00 7.00 7.00 9.00

MBB SE 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 8.00 8.00 8.00 9.00 8.00

STU:MBB vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, MBB SE'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.


MBB SE Piotroski F-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, MBB SE's Piotroski F-Score distribution charts can be found below:

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


STU:MBB
93GF Score
MBB SE STU:MBB
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 9.283 + 19.062 + 17 + 7.718 = €53 Mil.
Cash Flow from Operations was 19.984 + 57.511 + 217.122 + -16.966 = €278 Mil.
Revenue was 285.497 + 316.802 + 307.66 + 237.491 = €1,147 Mil.
Gross Profit was 142.415 + 162.503 + 160.804 + 133.637 = €599 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1175.591 + 1225.558 + 1279.482 + 1420.713 + 1464.244) / 5 = €1313.1176 Mil.
Total Assets at the begining of this year (Mar25) was €1,176 Mil.
Long-Term Debt & Capital Lease Obligation was €37 Mil.
Total Current Assets was €951 Mil.
Total Current Liabilities was €300 Mil.
Net Income was 7.468 + 4.045 + 20.381 + 5.435 = €37 Mil.

Revenue was 261.534 + 297.578 + 303.797 + 260.049 = €1,123 Mil.
Gross Profit was 115.645 + 129.195 + 144.65 + 121.238 = €511 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1099.639 + 1093.524 + 1165.821 + 1214.671 + 1175.591) / 5 = €1149.8492 Mil.
Total Assets at the begining of last year (Mar24) was €1,100 Mil.
Long-Term Debt & Capital Lease Obligation was €36 Mil.
Total Current Assets was €745 Mil.
Total Current Liabilities was €285 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.

MBB SE's current Net Income (TTM) was 53. ==> 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.

MBB SE's current Cash Flow from Operations (TTM) was 278. ==> 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)
=53.063/1175.591
=0.0451373

ROA (Last Year)=Net Income/Total Assets (Mar24)
=37.329/1099.639
=0.0339466

MBB SE's return on assets of this year was 0.0451373. MBB SE's return on assets of last year was 0.0339466. ==> 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.

MBB SE's current Net Income (TTM) was 53. MBB SE's current Cash Flow from Operations (TTM) was 278. ==> 278 > 53 ==> 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
=37.031/1313.1176
=0.02820083

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=35.576/1149.8492
=0.03093971

MBB SE's gearing of this year was 0.02820083. MBB SE's gearing of last year was 0.03093971. ==> 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
=951.396/299.863
=3.1727689

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=745.002/284.963
=2.61438152

MBB SE's current ratio of this year was 3.1727689. MBB SE's current ratio of last year was 2.61438152. ==> 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.

MBB SE's number of shares in issue this year was 5.305. MBB SE's number of shares in issue last year was 5.38. ==> 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
=599.359/1147.45
=0.52233997

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=510.728/1122.958
=0.45480597

MBB SE's gross margin of this year was 0.52233997. MBB SE's gross margin of last year was 0.45480597. ==> 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)
=1147.45/1175.591
=0.97606225

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1122.958/1099.639
=1.02120605

MBB SE's asset turnover of this year was 0.97606225. MBB SE's asset turnover of last year was 1.02120605. ==> 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
=1+1+1+1+1+1+1+1+0
=8

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

MBB SE has an F-score of 8. 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 8 mean?
MBB SE (STU:MBB) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MBB SE and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, MBB SE's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, MBB SE ranks #10 out of 555 companies in the Conglomerates industry, placing it in the top 1.8%.
Is MBB SE's Piotroski F-Score too high?
MBB SE's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Conglomerates industry median Piotroski F-Score is 5.00. MBB SE's value of 8 is 60% above this industry median. Based on the distribution chart, MBB SE ranks #10 out of 555 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, MBB SE has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MBB SE's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, MBB SE ranks #10 out of 555 companies for Piotroski F-Score. This places MBB SE in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. MBB SE's value of 8 is 60% above this benchmark. Historically, MBB SE's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, MBB SE 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. MBB SE's current Piotroski F-Score of 8 is 60% 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 MBB SE and its competitors. For the Conglomerates 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. MBB SE's current Piotroski F-Score is 8, which is 14% above 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 MBB SE stock overvalued right now?
Based on GuruFocus' analysis, MBB SE (STU:MBB) is currently considered Modestly Overvalued. The stock's GF Value™ is €132.47, compared to a current price of €172.40 — trading 30.1% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Conglomerates industry median of 5.00. MBB SE's overall GF Score™ is 93/100 with 1 warning sign 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 MBB SE (STU:MBB), the current Piotroski F-Score is 8 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 MBB SE (STU:MBB) Overvalued in 2026?

Based on GuruFocus' analysis, MBB SE stock appears to be overvalued. The current stock price of €172.40 is trading 30.1% above its estimated GF Value™ of €132.47. GuruFocus considers MBB SE to be Modestly Overvalued.

Key valuation signals for STU:MBB:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: €132.47 vs. price of €172.40 (30.1% above fair value)
  • GF Score™: 93/100 with 1 warning sign
  • Industry Position: 60% above the Conglomerates median (#10 of 555)

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


MBB SE Business Description

Other Exchanges MBBd:UK0J7X:UKMBB:Germany
Address Kurfurstendamm 188, Berlin, BB, DEU, 10707
MBB SE is a medium-sized, family-owned company specializing in the acquisition and management of medium-sized industrial companies with considerable technology and engineering expertise. It concentrates on energy transition, e-mobility, cybersecurity, and ecological materials through its subsidiaries. The MBB Group comprises the following reportable segments: Friedrich Vorwerk, Aumann, DTS, Delignit. Aumann AG: Specialized in e-mobility and automation, Friedrich Vorwerk: Focused on energy infrastructure, including gas, power grids, and hydrogen. DTS IT AG: Provides cybersecurity and cloud computing services. Delignit AG: Produces ecological hardwood-based materials and Hanke Tissue: Produces consumer goods like mattresses and tissue paper.
93GF Score

Get the complete analysis for STU:MBB

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

€172.40
Price
€132.47
GF Value