MRT (TSE:6034) Piotroski F-Score: 8 (As of Jul. 03, 2026) — 60% Above Median


TSE:6034 MRT Inc TSE:6034
63 GF Score
Price 円630.00
GF Value 円635.93
Valuation Fairly Valued
! 4 Warning Signs
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What is MRT Piotroski F-Score?

MRT TSE:6034 63 Piotroski F-Score is 8 as of Jul. 03, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates TSE:6034 with a GF Score™ of 63/100 and a GF Value™ of 円635.93 (Fairly Valued). The stock has 4 warning signs investors should review. Among 651 Healthcare Providers & Services companies, MRT ranks better than 97.39% 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

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

TSE:6034' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 12 years, the highest Piotroski F-Score of MRT was 8. The lowest was 2. And the median was 5.

MRT  (TSE:6034) 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.


MRT Piotroski F-Score Related Terms


MRT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MRT'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.

MRT Piotroski F-Score Chart

MRT Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 8.00 5.00 3.00 6.00

MRT Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 3.00 5.00 5.00 6.00 8.00

TSE:6034 vs HCA, THC, DVA: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, MRT'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.


MRT Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MRT's Piotroski F-Score distribution charts can be found below:

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


TSE:6034
63GF Score
MRT Inc TSE:6034
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 182.287 + 0.883 + -20.475 + -79.627 = 円83 Mil.
Cash Flow from Operations was 575.422 + 22.45 + 50.651 + -257.602 = 円391 Mil.
Revenue was 1330.209 + 937.931 + 926.638 + 907.316 = 円4,102 Mil.
Gross Profit was 988.256 + 618.114 + 614.974 + 585.408 = 円2,807 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6096.829 + 6286.495 + 6324.748 + 6477.632 + 6203.141) / 5 = 円6277.769 Mil.
Total Assets at the begining of this year (Mar25) was 円6,097 Mil.
Long-Term Debt & Capital Lease Obligation was 円319 Mil.
Total Current Assets was 円2,576 Mil.
Total Current Liabilities was 円1,066 Mil.
Net Income was -66.509 + 98.985 + 0 + -106.92 = 円-74 Mil.

Revenue was 937.477 + 1283.425 + 0 + 996.694 = 円3,218 Mil.
Gross Profit was 576.399 + 904.245 + 0 + 624.199 = 円2,105 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Mar25) was
(6473.536 + 6353.37 + 6333.402 + 6745.562 + 6096.829) / 5 = 円6400.5398 Mil.
Total Assets at the begining of last year (Dec23) was 円6,474 Mil.
Long-Term Debt & Capital Lease Obligation was 円505 Mil.
Total Current Assets was 円2,775 Mil.
Total Current Liabilities was 円895 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.

MRT's current Net Income (TTM) was 83. ==> 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.

MRT's current Cash Flow from Operations (TTM) was 391. ==> 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)
=83.068/6096.829
=0.01362479

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-74.444/6473.536
=-0.01149974

MRT's return on assets of this year was 0.01362479. MRT's return on assets of last year was -0.01149974. ==> 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.

MRT's current Net Income (TTM) was 83. MRT's current Cash Flow from Operations (TTM) was 391. ==> 391 > 83 ==> 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
=319.062/6277.769
=0.05082411

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Mar25
=505.277/6400.5398
=0.07894287

MRT's gearing of this year was 0.05082411. MRT's gearing of last year was 0.07894287. ==> 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
=2576.441/1065.74
=2.41751365

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2774.865/895.392
=3.09905047

MRT's current ratio of this year was 2.41751365. MRT's current ratio of last year was 3.09905047. ==> 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.

MRT's number of shares in issue this year was 5.511. MRT's number of shares in issue last year was 5.712. ==> 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
=2806.752/4102.094
=0.6842242

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2104.843/3217.596
=0.65416634

MRT's gross margin of this year was 0.6842242. MRT's gross margin of last year was 0.65416634. ==> 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)
=4102.094/6096.829
=0.67282418

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=3217.596/6473.536
=0.4970384

MRT's asset turnover of this year was 0.67282418. MRT's asset turnover of last year was 0.4970384. ==> 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+0+1+1+1
=8

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

MRT 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?
MRT (TSE:6034) has a Piotroski F-Score of 8 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MRT and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, MRT's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, MRT ranks #17 out of 651 companies in the Healthcare Providers & Services industry, placing it in the top 2.6%.
Is MRT's Piotroski F-Score too high?
MRT's current Piotroski F-Score of 8 is 60% above 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 8.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. MRT's value of 8 is 60% above this industry median. Based on the distribution chart, MRT ranks #17 out of 651 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, MRT has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MRT's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, MRT ranks #17 out of 651 companies for Piotroski F-Score. This places MRT in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. MRT's value of 8 is 60% above this benchmark. Historically, MRT's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, MRT 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 651 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. MRT'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 MRT and its competitors. For the Healthcare Providers & Services 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. MRT's current Piotroski F-Score is 8, which is 60% 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 MRT stock overvalued right now?
Based on GuruFocus' analysis, MRT (TSE:6034) is currently considered Fairly Valued. The stock's GF Value™ is 円635.93, compared to a current price of 円630.00 — trading 0.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Healthcare Providers & Services industry median of 5.00. MRT's overall GF Score™ is 63/100 with 4 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 MRT (TSE:6034), the current Piotroski F-Score is 8 as of Jul. 03, 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 MRT (TSE:6034) Overvalued in 2026?

Based on GuruFocus' analysis, MRT stock appears to be undervalued. The current stock price of 円630.00 is trading 0.9% below its estimated GF Value™ of 円635.93. GuruFocus considers MRT to be Fairly Valued.

Key valuation signals for TSE:6034:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: 円635.93 vs. price of 円630.00 (0.9% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 60% above the Healthcare Providers & Services median (#17 of 651)

No single metric tells the full story. See the TSE:6034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MRT Business Description

Address 1-18-2 Jinnan, 3rd Floor, Frame Jinnanzaka, Shibuya-ku, Tokyo, JPN, 150-0041
MRT Inc engages in the business of medical personnel placement services through the Internet. It provides part-time and full-time physician referral services through the physician referral site, as well as part-time job referral, job change introduction services to nurses, pharmacists, clinical laboratory technicians, clinical engineers, and radiologists. Further, the company engages in the research and development of analytical and analytical methods for various biological samples, such as microorganisms, blood, proteins, and genes; and research and development, manufacture, and sale of medical and medical examination equipment, and analytical instruments.
63GF Score

Get the complete analysis for TSE:6034

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

円630.00
Price
円635.93
GF Value