Body One (XPAR:MLONE) Piotroski F-Score: 4 (As of Jul. 07, 2026) — 20% Below Median


What is Body One Piotroski F-Score?

Body One XPAR:MLONE Piotroski F-Score is 4 as of Jul. 07, 2026, which is 20% below its 10-year median of 5.00. The stock has 5 warning signs investors should review. Among 1,046 Manufacturing - Apparel & Accessories companies, Body One ranks worse than 63.1% 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

Body One has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

XPAR:MLONE' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 5
Current: 4

During the past 8 years, the highest Piotroski F-Score of Body One was 5. The lowest was 3. And the median was 5.

Body One  (XPAR:MLONE) 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.


Body One Piotroski F-Score Related Terms


Body One Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Body One'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.

Body One Piotroski F-Score Chart

Body One Annual Data
Trend Mar15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec24
Piotroski F-Score
Get a 7-Day Free Trial 5.00 4.00 5.00 3.00 4.00

Body One Semi-Annual Data
Mar15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22 Dec24
Piotroski F-Score Get a 7-Day Free Trial 5.00 4.00 5.00 3.00 4.00

XPAR:MLONE vs RL, LEVI, VFC: Piotroski F-Score Comparison

For the Apparel Manufacturing subindustry, Body One'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.


Body One Piotroski F-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Body One's Piotroski F-Score distribution charts can be found below:

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


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 (Dec24) TTM:Last Year (Dec22) TTM:
Net Income was €0.03 Mil.
Cash Flow from Operations was €0.00 Mil.
Revenue was €0.00 Mil.
Gross Profit was €-0.07 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec24) was (0.606 + 0.457) / 2 = €0.5315 Mil.
Total Assets at the begining of this year (Dec22) was €0.61 Mil.
Long-Term Debt & Capital Lease Obligation was €1.66 Mil.
Total Current Assets was €0.44 Mil.
Total Current Liabilities was €0.45 Mil.
Net Income was €0.00 Mil.

Revenue was €0.16 Mil.
Gross Profit was €0.03 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was (0.827 + 0.606) / 2 = €0.7165 Mil.
Total Assets at the begining of last year (Dec21) was €0.83 Mil.
Long-Term Debt & Capital Lease Obligation was €1.35 Mil.
Total Current Assets was €0.54 Mil.
Total Current Liabilities was €0.95 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.

Body One's current Net Income (TTM) was 0.03. ==> 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.

Body One's current Cash Flow from Operations (TTM) was 0.00. ==> Negative ==> Score 0.

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 (Dec22)
=0.033/0.606
=0.05445545

ROA (Last Year)=Net Income/Total Assets (Dec21)
=0/0.827
=0

Body One's return on assets of this year was 0.05445545. Body One's return on assets of last year was 0. ==> 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.

Body One's current Net Income (TTM) was 0.03. Body One's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 <= 0.03 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec24
=1.657/0.5315
=3.11759172

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=1.345/0.7165
=1.87718074

Body One's gearing of this year was 3.11759172. Body One's gearing of last year was 1.87718074. ==> 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

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=0.441/0.445
=0.99101124

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=0.536/0.947
=0.56599789

Body One's current ratio of this year was 0.99101124. Body One's current ratio of last year was 0.56599789. ==> 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.

Body One's number of shares in issue this year was 0. Body One's number of shares in issue last year was 0. ==> 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
=-0.069/0.001
=-69

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.033/0.157
=0.21019108

Body One's gross margin of this year was -69. Body One's gross margin of last year was 0.21019108. ==> 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 (Dec22)
=0.001/0.606
=0.00165017

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=0.157/0.827
=0.18984281

Body One's asset turnover of this year was 0.00165017. Body One's asset turnover of last year was 0.18984281. ==> 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+0+1+0+0+1+1+0+0
=4

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

Body One has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Body One (XPAR:MLONE) has a Piotroski F-Score of 4 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Body One and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Body One's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, Body One ranks #660 out of 1046 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 63.1%.
Is Body One's Piotroski F-Score too high?
Body One's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Manufacturing - Apparel & Accessories industry median Piotroski F-Score is 5.00. Body One's value of 4 is 20% below this industry median. Based on the distribution chart, Body One ranks #660 out of 1046 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint.
How does Body One's Piotroski F-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Body One ranks #660 out of 1046 companies for Piotroski F-Score. This places Body One in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Body One's value of 4 is 20% below this benchmark. Historically, Body One's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Body One has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Piotroski F-Score among Manufacturing - Apparel & Accessories companies is 5.00, based on 1,046 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. Body One's current Piotroski F-Score of 4 is 20% below 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 Body One and its competitors. For the Manufacturing - Apparel & Accessories 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. Body One's current Piotroski F-Score is 4, which is 20% below 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 Body One stock overvalued right now?
Based on GuruFocus' analysis, Body One (XPAR:MLONE) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.35, compared to a current price of €0.88 — trading 151.4% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Manufacturing - Apparel & Accessories industry median of 5.00. 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 Body One (XPAR:MLONE), the current Piotroski F-Score is 4 as of Jul. 07, 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.

Body One Business Description

Address 47-49 rue Cartier Bresson, Pantin, FRA, 93500
Body One SA manufactures and sells lingerie for women. The company product portfolio includes nightwear lingerie, swimwear lingerie, and sportswear lingerie.