TERRA MAURICIA (XMAU:TERRA) Piotroski F-Score: 8 (As of Aug. 04, 2026) — 33% Above Median

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XMAU:TERRA TERRA MAURICIA Ltd XMAU:TERRA
90 GF Score
Price MUR18.75
GF Value MUR35.32
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is TERRA MAURICIA Piotroski F-Score?

TERRA MAURICIA XMAU:TERRA 90 Piotroski F-Score is 8 as of Aug. 04, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XMAU:TERRA with a GF Score™ of 90/100 and a GF Value™ of MUR35.32 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 556 Conglomerates companies, TERRA MAURICIA 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

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

XMAU:TERRA' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of TERRA MAURICIA was 8. The lowest was 4. And the median was 6.

TERRA MAURICIA  (XMAU:TERRA) 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.


TERRA MAURICIA Piotroski F-Score Related Terms


TERRA MAURICIA Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for TERRA MAURICIA'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.

TERRA MAURICIA Piotroski F-Score Chart

TERRA MAURICIA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 6.00 5.00 6.00

TERRA MAURICIA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Sep24 Dec24 Sep25
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 5.00 5.00 N/A 6.00 8.00

XMAU:TERRA vs MMM, HON: Piotroski F-Score Comparison

For the Conglomerates subindustry, TERRA MAURICIA'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.


TERRA MAURICIA Piotroski F-Score vs Conglomerates Industry

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

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


XMAU:TERRA
90GF Score
TERRA MAURICIA Ltd XMAU:TERRA
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 (Sep25) TTM:Last Year (Sep23) TTM:
Net Income was 1029.3 + 335.9 + 763.6 + -54.5 = MUR2,074 Mil.
Cash Flow from Operations was 863.7 + 104.7 + 949.9 + 231.4 = MUR2,150 Mil.
Revenue was 3653 + 2455.4 + 3896.4 + 2855.1 = MUR12,860 Mil.
Gross Profit was 3653 + 2455.4 + 3896.4 + 2855.1 = MUR12,860 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep25) was
(25678.8 + 26545.2 + 27128.2 + 27958 + 27803.8) / 5 = MUR27022.8 Mil.
Total Assets at the begining of this year (Sep23) was MUR25,679 Mil.
Long-Term Debt & Capital Lease Obligation was MUR0 Mil.
Total Current Assets was MUR5,683 Mil.
Total Current Liabilities was MUR3,725 Mil.
Net Income was 354.3 + -18.5 + 182.8 + 184.7 = MUR703 Mil.

Revenue was 2971.7 + 799.3 + 1743.4 + 2535.7 = MUR8,050 Mil.
Gross Profit was 2971.7 + 799.3 + 1743.4 + 2535.7 = MUR8,050 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(23396.2 + 25055.7 + 24615 + 25539.2 + 25678.8) / 5 = MUR24856.98 Mil.
Total Assets at the begining of last year (Sep22) was MUR23,396 Mil.
Long-Term Debt & Capital Lease Obligation was MUR0 Mil.
Total Current Assets was MUR5,730 Mil.
Total Current Liabilities was MUR4,006 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.

TERRA MAURICIA's current Net Income (TTM) was 2,074. ==> 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.

TERRA MAURICIA's current Cash Flow from Operations (TTM) was 2,150. ==> 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 (Sep23)
=2074.3/25678.8
=0.0807787

ROA (Last Year)=Net Income/Total Assets (Sep22)
=703.3/23396.2
=0.03006044

TERRA MAURICIA's return on assets of this year was 0.0807787. TERRA MAURICIA's return on assets of last year was 0.03006044. ==> 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.

TERRA MAURICIA's current Net Income (TTM) was 2,074. TERRA MAURICIA's current Cash Flow from Operations (TTM) was 2,150. ==> 2,150 > 2,074 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep25
=0/27022.8
=0

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/24856.98
=0

TERRA MAURICIA's gearing of this year was 0. TERRA MAURICIA's gearing of last year was 0. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=5682.8/3725.4
=1.52542009

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=5729.8/4005.6
=1.43044737

TERRA MAURICIA's current ratio of this year was 1.52542009. TERRA MAURICIA's current ratio of last year was 1.43044737. ==> 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.

TERRA MAURICIA's number of shares in issue this year was 227.546. TERRA MAURICIA's number of shares in issue last year was 227.546. ==> 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
=12859.9/12859.9
=1

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8050.1/8050.1
=1

TERRA MAURICIA's gross margin of this year was 1. TERRA MAURICIA's gross margin of last year was 1. ==> 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 (Sep23)
=12859.9/25678.8
=0.50079832

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=8050.1/23396.2
=0.34407724

TERRA MAURICIA's asset turnover of this year was 0.50079832. TERRA MAURICIA's asset turnover of last year was 0.34407724. ==> 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+0+1
=8

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

TERRA MAURICIA 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?
TERRA MAURICIA (XMAU:TERRA) has a Piotroski F-Score of 8 as of Aug. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on TERRA MAURICIA and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, TERRA MAURICIA's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, TERRA MAURICIA ranks #10 out of 556 companies in the Conglomerates industry, placing it in the top 1.8%.
Is TERRA MAURICIA's Piotroski F-Score too high?
TERRA MAURICIA's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. TERRA MAURICIA's value of 8 is 60% above this industry median. Based on the distribution chart, TERRA MAURICIA ranks #10 out of 556 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, TERRA MAURICIA has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TERRA MAURICIA's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, TERRA MAURICIA ranks #10 out of 556 companies for Piotroski F-Score. This places TERRA MAURICIA in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. TERRA MAURICIA's value of 8 is 60% above this benchmark. Historically, TERRA MAURICIA's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, TERRA MAURICIA 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 556 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. TERRA MAURICIA'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 TERRA MAURICIA 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. TERRA MAURICIA's current Piotroski F-Score is 8, which is 33% 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 TERRA MAURICIA stock overvalued right now?
Based on GuruFocus' analysis, TERRA MAURICIA (XMAU:TERRA) is currently considered Possible Value Trap. The stock's GF Value™ is MUR35.32, compared to a current price of MUR18.75 — trading 46.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Conglomerates industry median of 5.00. TERRA MAURICIA's overall GF Score™ is 90/100 with 2 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 TERRA MAURICIA (XMAU:TERRA), the current Piotroski F-Score is 8 as of Aug. 04, 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 TERRA MAURICIA (XMAU:TERRA) Overvalued in 2026?

Based on GuruFocus' analysis, TERRA MAURICIA stock appears to be undervalued. The current stock price of MUR18.75 is trading 46.9% below its estimated GF Value™ of MUR35.32. GuruFocus considers TERRA MAURICIA to be Possible Value Trap.

Key valuation signals for XMAU:TERRA:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: MUR35.32 vs. price of MUR18.75 (46.9% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 60% above the Conglomerates median (#10 of 556)

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


TERRA MAURICIA Business Description

Address Beau Plan Business Park, Pamplemousses, MUS, 21001
TERRA MAURICIA Ltd is an investment holding company. The company operates in different segments, which include Cane, Brands, Power, Property and Leisure, and Others. Terra is organized into four clusters: Cane, Power, Brands, and Real Estate. Terra's cane operations and the activities that revolve around it are a model for sustainable agricultural operations. Its brand management is the effective route to value creation. The company operates in Mauritius, Cote d'Ivoire, and Seychelles.
90GF Score

Get the complete analysis for XMAU:TERRA

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

MUR18.75
Price
MUR35.32
GF Value