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Manho Rope & WireXKRX:001080 -1.85%57 Piotroski F-Score is 5 as of Sep. 02, 2026, which is at its 10-year median of 5.00. GuruFocus rates XKRX:001080 with a GF Score™ of 57/100 and a GF Value™ of ₩2,593.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 625 Steel companies, Manho Rope & Wire ranks better than 55.52% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Manho Rope & Wire has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Manho Rope & Wire's Piotroski F-Score or its related term are showing as below:
XKRX:001080'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Manho Rope & Wire was 8. The lowest was 1. And the median was 5.
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.
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.
Manho Rope & Wire Piotroski F-Score Related Terms
Manho Rope & Wire Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Manho Rope & Wire'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.
XKRX:001080 vs NUE, STLD, RS: Piotroski F-Score Comparison
For the Steel subindustry, Manho Rope & Wire'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.
Manho Rope & Wire Piotroski F-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Manho Rope & Wire's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Manho Rope & Wire's Piotroski F-Score falls into.
* 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 253.125 + 7627.041 + -5013.953 + 305.286 = ₩3,171 Mil. Cash Flow from Operations was -526.488 + -1822.15 + -301.267 + 4568.927 = ₩1,919 Mil. Revenue was 39555.907 + 36686.317 + 36054.465 + 37671.952 = ₩149,969 Mil. Gross Profit was 4432.927 + 3329.731 + 389.121 + 3859.791 = ₩12,012 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(209443.883 + 211164.112 + 218691.563 + 229893.916 + 454673.278) / 5 = ₩264773.3504 Mil. Total Assets at the begining of this year (Mar25) was ₩209,444 Mil. Long-Term Debt & Capital Lease Obligation was ₩9,759 Mil. Total Current Assets was ₩117,816 Mil. Total Current Liabilities was ₩57,457 Mil.
Net Income was -14813.425 + 4599.559 + -3714.678 + -4674.296 = ₩-18,603 Mil.
Revenue was 60359.452 + 37467.667 + 38781.318 + 37148.161 = ₩173,757 Mil. Gross Profit was 5145.434 + 1232.958 + 911.938 + 1859.454 = ₩9,150 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(247608.895 + 204811.085 + 202867.82 + 217777.382 + 209443.883) / 5 = ₩216501.813 Mil. Total Assets at the begining of last year (Mar24) was ₩247,609 Mil. Long-Term Debt & Capital Lease Obligation was ₩25 Mil. Total Current Assets was ₩124,018 Mil. Total Current Liabilities was ₩15,498 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.
Manho Rope & Wire's current Net Income (TTM) was 3,171.
==> 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.
Manho Rope & Wire's return on assets of this year was 0.01514248. Manho Rope & Wire's return on assets of last year was -0.07512993.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Manho Rope & Wire's gearing of this year was 0.03685761. Manho Rope & Wire's gearing of last year was 0.00011433.
==> 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
Manho Rope & Wire's current ratio of this year was 2.05050282. Manho Rope & Wire's current ratio of last year was 8.0024094.
==> 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.
Manho Rope & Wire's number of shares in issue this year was 38.161. Manho Rope & Wire's number of shares in issue last year was 31.477.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Manho Rope & Wire's gross margin of this year was 0.08009388. Manho Rope & Wire's gross margin of last year was 0.05265863.
==> 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
Manho Rope & Wire's asset turnover of this year was 0.71603257. Manho Rope & Wire's asset turnover of last year was 0.70173811.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Manho Rope & Wire has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Manho Rope & Wire (XKRX:001080) has a Piotroski F-Score of 5 as of Sep. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Manho Rope & Wire and its competitors. This is near median its historical median of 5.00. Over the past decade, Manho Rope & Wire's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Manho Rope & Wire ranks #278 out of 625 companies in the Steel industry, placing it in the top 44.5%.
Is Manho Rope & Wire's Piotroski F-Score too high?
Manho Rope & Wire's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Steel industry median Piotroski F-Score is 5.00. Manho Rope & Wire's value of 5 is 0% at this industry median. Based on the distribution chart, Manho Rope & Wire ranks #278 out of 625 companies in the Steel industry, which is above the industry midpoint. Overall, Manho Rope & Wire has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manho Rope & Wire's Piotroski F-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Manho Rope & Wire ranks #278 out of 625 companies for Piotroski F-Score. This puts Manho Rope & Wire in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Manho Rope & Wire's value of 5 is 0% at this benchmark. Historically, Manho Rope & Wire's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Manho Rope & Wire has consistently been at 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 Steel company?
The median Piotroski F-Score among Steel companies is 5.00, based on 625 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. Manho Rope & Wire's current Piotroski F-Score of 5 is 0% at 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 Manho Rope & Wire and its competitors. For the Steel 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. Manho Rope & Wire's current Piotroski F-Score is 5, which is near 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 Manho Rope & Wire stock overvalued right now?
Based on GuruFocus' analysis, Manho Rope & Wire (XKRX:001080) is currently considered Significantly Overvalued. The stock's GF Value™ is ₩2,593.13, compared to a current price of ₩3,980.00 — trading 53.5% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Steel industry median of 5.00. Manho Rope & Wire's overall GF Score™ is 57/100 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 Manho Rope & Wire (XKRX:001080), the current Piotroski F-Score is 5 as of Sep. 02, 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 Manho Rope & Wire (XKRX:001080) Overvalued in 2026?
Based on GuruFocus' analysis, Manho Rope & Wire stock appears to be overvalued.
The current stock price of ₩3,980.00 is trading 53.5% above its estimated GF Value™ of ₩2,593.13.
GuruFocus considers Manho Rope & Wire to be Significantly Overvalued.
Key valuation signals for XKRX:001080:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: ₩2,593.13 vs. price of ₩3,980.00 (53.5% above fair value)
Industry Position: 0% at the Steel median (#278 of 625)
No single metric tells the full story. See the XKRX:001080 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manho Rope & Wire Ltd is a Korea-based company engaged in the manufacturing of ropes. Its products include fiber ropes, wire ropes, stainless wires, stainless cables, hard drawn steel wires, piano wires, pre-stressed concrete (PC) wires, PC strands, elevator ropes, fiber ropes and others, which are used in shipbuilding, mining, elevator, spring manufacturing, bridge construction and other industries.
57GF Score
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