MCR (WAR:MCR) Piotroski F-Score: 7 (As of Jul. 30, 2026) — Near Median

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WAR:MCR MCR SA WAR:MCR
60 GF Score
Price zł15.50
GF Value zł13.96
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is MCR Piotroski F-Score?

MCR WAR:MCR -1.59% 60 Piotroski F-Score is 7 as of Jul. 30, 2026, which is at its 10-year median of 7.00. GuruFocus rates WAR:MCR with a GF Score™ of 60/100 and a GF Value™ of zł13.96 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,064 Business Services companies, MCR ranks better than 88.72% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

MCR has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

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

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

MCR  (WAR:MCR) 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.


MCR Piotroski F-Score Related Terms


MCR Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for MCR'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.

MCR Piotroski F-Score Chart

MCR Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 9.00 7.00 4.00 7.00

MCR 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 1.00 5.00 5.00 7.00

WAR:MCR vs ALLE, MSA, ADT: Piotroski F-Score Comparison

For the Security & Protection Services subindustry, MCR'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.


MCR Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, MCR's Piotroski F-Score distribution charts can be found below:

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


WAR:MCR
60GF Score
MCR SA WAR:MCR
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 0.831 + 28.172 + 131.967 + 42.722 = zł203.7 Mil.
Cash Flow from Operations was 5.473 + 37.402 + -94.041 + 86.098 = zł34.9 Mil.
Revenue was 124.257 + 146.723 + 51.566 + -141.387 = zł181.2 Mil.
Gross Profit was 30.779 + 34.806 + 9.482 + -43.548 = zł31.5 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(404.905 + 478.649 + 516.346 + 465.945 + 382.708) / 5 = zł449.7106 Mil.
Total Assets at the begining of this year (Mar25) was zł404.9 Mil.
Long-Term Debt & Capital Lease Obligation was zł21.3 Mil.
Total Current Assets was zł236.7 Mil.
Total Current Liabilities was zł55.0 Mil.
Net Income was 6.069 + 5.434 + 2.599 + 2.046 = zł16.1 Mil.

Revenue was 124.978 + 125.333 + 131.351 + -217.943 = zł163.7 Mil.
Gross Profit was 33.488 + 29.961 + 29.637 + -61.736 = zł31.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(409.556 + 412.958 + 402.703 + 401.259 + 404.905) / 5 = zł406.2762 Mil.
Total Assets at the begining of last year (Mar24) was zł409.6 Mil.
Long-Term Debt & Capital Lease Obligation was zł87.7 Mil.
Total Current Assets was zł206.3 Mil.
Total Current Liabilities was zł93.3 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.

MCR's current Net Income (TTM) was 203.7. ==> 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.

MCR's current Cash Flow from Operations (TTM) was 34.9. ==> 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)
=203.692/404.905
=0.50306121

ROA (Last Year)=Net Income/Total Assets (Mar24)
=16.148/409.556
=0.03942806

MCR's return on assets of this year was 0.50306121. MCR's return on assets of last year was 0.03942806. ==> 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.

MCR's current Net Income (TTM) was 203.7. MCR's current Cash Flow from Operations (TTM) was 34.9. ==> 34.9 <= 203.7 ==> 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
=21.28/449.7106
=0.04731932

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=87.652/406.2762
=0.21574486

MCR's gearing of this year was 0.04731932. MCR's gearing of last year was 0.21574486. ==> 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
=236.662/55.011
=4.30208504

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=206.33/93.314
=2.21113659

MCR's current ratio of this year was 4.30208504. MCR's current ratio of last year was 2.21113659. ==> 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.

MCR's number of shares in issue this year was 9.02. MCR's number of shares in issue last year was 15.794. ==> 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
=31.519/181.159
=0.17398528

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=31.35/163.719
=0.19148663

MCR's gross margin of this year was 0.17398528. MCR's gross margin of last year was 0.19148663. ==> Last year's gross margin is higher ==> Score 0.

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)
=181.159/404.905
=0.44741112

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=163.719/409.556
=0.39974753

MCR's asset turnover of this year was 0.44741112. MCR's asset turnover of last year was 0.39974753. ==> 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+0+1+1+1+0+1
=7

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

MCR has an F-score of 7. 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 7 mean?
MCR (WAR:MCR) has a Piotroski F-Score of 7 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MCR and its competitors. This is near median its historical median of 7.00. Over the past decade, MCR's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, MCR ranks #120 out of 1064 companies in the Business Services industry, placing it in the top 11.3%.
Is MCR's Piotroski F-Score too high?
MCR's current Piotroski F-Score of 7 is near 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 Business Services industry median Piotroski F-Score is 5.00. MCR's value of 7 is 40% above this industry median. Based on the distribution chart, MCR ranks #120 out of 1064 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, MCR has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MCR's Piotroski F-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, MCR ranks #120 out of 1064 companies for Piotroski F-Score. This places MCR in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. MCR's value of 7 is 40% above this benchmark. Historically, MCR'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, MCR 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,064 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. MCR's current Piotroski F-Score of 7 is 40% 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 MCR and its competitors. For the Business 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. MCR's current Piotroski F-Score is 7, which is near 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 MCR stock overvalued right now?
Based on GuruFocus' analysis, MCR (WAR:MCR) is currently considered Modestly Overvalued. The stock's GF Value™ is zł13.96, compared to a current price of zł15.50 — trading 11% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Business Services industry median of 5.00. MCR's overall GF Score™ is 60/100 with 7 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 MCR (WAR:MCR), the current Piotroski F-Score is 7 as of Jul. 30, 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 MCR (WAR:MCR) Overvalued in 2026?

Based on GuruFocus' analysis, MCR stock appears to be overvalued. The current stock price of zł15.50 is trading 11% above its estimated GF Value™ of zł13.96. GuruFocus considers MCR to be Modestly Overvalued.

Key valuation signals for WAR:MCR:

  • Piotroski F-Score: 7 (near median its 10-year median of 7.00)
  • GF Value™: zł13.96 vs. price of zł15.50 (11% above fair value)
  • GF Score™: 60/100 with 7 warning signs
  • Industry Position: 40% above the Business Services median (#120 of 1064)

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


MCR Business Description

Address ul. Slowackiego 224, floor 4, ALPHA Airport City, Gdansk, POL, 80-298
MCR SA is engaged in manufacturing of fire protection related products and service provider for fire protection systems. Its product portfolio includes rooflight systems as well as smoke and heat exhaust systems; fire ventilation systems; fireproofing systems for building structures. Majority of its products are customized as per the requirements of the customers. The company operates through subsidiaries, based in Poland, while it has its presence in Czech Republic, Ukraine, Romania, Spain, Slovakia, and Russian Federation.
60GF Score

Get the complete analysis for WAR:MCR

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

zł15.50
Price
zł13.96
GF Value