Medartis Holding AG (XSWX:MED) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 17% Below Median


XSWX:MED Medartis Holding AG XSWX:MED
76 GF Score
Price CHF72.00
GF Value CHF105.61
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Medartis Holding AG Piotroski F-Score?

Medartis Holding AG XSWX:MED -0.55% 76 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates XSWX:MED with a GF Score™ of 76/100 and a GF Value™ of CHF105.61 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 805 Medical Devices & Instruments companies, Medartis Holding AG ranks better than 64.97% 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

Medartis Holding AG 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 Medartis Holding AG's Piotroski F-Score or its related term are showing as below:

XSWX:MED' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 5

During the past 12 years, the highest Piotroski F-Score of Medartis Holding AG was 8. The lowest was 2. And the median was 6.

Medartis Holding AG  (XSWX:MED) 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.


Medartis Holding AG Piotroski F-Score Related Terms


Medartis Holding AG Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Medartis Holding AG'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.

Medartis Holding AG Piotroski F-Score Chart

Medartis Holding AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 2.00 6.00 6.00 5.00

Medartis Holding AG Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.00 0.00 6.00 0.00 5.00

XSWX:MED vs ABT, SYK, MDT: Piotroski F-Score Comparison

For the Medical Devices subindustry, Medartis Holding AG'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.


Medartis Holding AG Piotroski F-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medartis Holding AG's Piotroski F-Score distribution charts can be found below:

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


XSWX:MED
76GF Score
Medartis Holding AG XSWX:MED
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was CHF8.3 Mil.
Cash Flow from Operations was CHF34.8 Mil.
Revenue was CHF269.3 Mil.
Gross Profit was CHF204.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (459.961 + 559.922) / 2 = CHF509.9415 Mil.
Total Assets at the begining of this year (Dec24) was CHF460.0 Mil.
Long-Term Debt & Capital Lease Obligation was CHF131.5 Mil.
Total Current Assets was CHF195.3 Mil.
Total Current Liabilities was CHF88.2 Mil.
Net Income was CHF3.5 Mil.

Revenue was CHF224.8 Mil.
Gross Profit was CHF178.7 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (349.534 + 459.961) / 2 = CHF404.7475 Mil.
Total Assets at the begining of last year (Dec23) was CHF349.5 Mil.
Long-Term Debt & Capital Lease Obligation was CHF113.4 Mil.
Total Current Assets was CHF265.9 Mil.
Total Current Liabilities was CHF51.0 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.

Medartis Holding AG's current Net Income (TTM) was 8.3. ==> 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.

Medartis Holding AG's current Cash Flow from Operations (TTM) was 34.8. ==> 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 (Dec24)
=8.349/459.961
=0.01815154

ROA (Last Year)=Net Income/Total Assets (Dec23)
=3.528/349.534
=0.01009344

Medartis Holding AG's return on assets of this year was 0.01815154. Medartis Holding AG's return on assets of last year was 0.01009344. ==> 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.

Medartis Holding AG's current Net Income (TTM) was 8.3. Medartis Holding AG's current Cash Flow from Operations (TTM) was 34.8. ==> 34.8 > 8.3 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=131.542/509.9415
=0.25795508

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=113.443/404.7475
=0.28028092

Medartis Holding AG's gearing of this year was 0.25795508. Medartis Holding AG's gearing of last year was 0.28028092. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=195.282/88.173
=2.21475962

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=265.945/51.018
=5.21276804

Medartis Holding AG's current ratio of this year was 2.21475962. Medartis Holding AG's current ratio of last year was 5.21276804. ==> 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.

Medartis Holding AG's number of shares in issue this year was 12.446. Medartis Holding AG's number of shares in issue last year was 12.406. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=204.33/269.257
=0.75886606

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=178.683/224.831
=0.79474361

Medartis Holding AG's gross margin of this year was 0.75886606. Medartis Holding AG's gross margin of last year was 0.79474361. ==> 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 (Dec24)
=269.257/459.961
=0.58539094

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=224.831/349.534
=0.6432307

Medartis Holding AG's asset turnover of this year was 0.58539094. Medartis Holding AG's asset turnover of last year was 0.6432307. ==> 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+1+1+1+1+0+0+0+0
=5

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

Medartis Holding AG has an F-score of 5 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 5 mean?
Medartis Holding AG (XSWX:MED) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Medartis Holding AG and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Medartis Holding AG's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Medartis Holding AG ranks #282 out of 805 companies in the Medical Devices & Instruments industry, placing it in the top 35%.
Is Medartis Holding AG's Piotroski F-Score too high?
Medartis Holding AG's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Medical Devices & Instruments industry median Piotroski F-Score is 5.00. Medartis Holding AG's value of 5 is 0% at this industry median. Based on the distribution chart, Medartis Holding AG ranks #282 out of 805 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Medartis Holding AG has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medartis Holding AG's Piotroski F-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Medartis Holding AG ranks #282 out of 805 companies for Piotroski F-Score. This puts Medartis Holding AG in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Medartis Holding AG's value of 5 is 0% at this benchmark. Historically, Medartis Holding AG'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 6.00 vs. the industry median of 5.00, Medartis Holding AG 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 Medical Devices & Instruments company?
The median Piotroski F-Score among Medical Devices & Instruments companies is 5.00, based on 805 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. Medartis Holding AG'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 Medartis Holding AG and its competitors. For the Medical Devices & Instruments 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. Medartis Holding AG's current Piotroski F-Score is 5, which is 17% below 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 Medartis Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Medartis Holding AG (XSWX:MED) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF105.61, compared to a current price of CHF72.00 — trading 31.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Medical Devices & Instruments industry median of 5.00. Medartis Holding AG's overall GF Score™ is 76/100 with 5 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 Medartis Holding AG (XSWX:MED), the current Piotroski F-Score is 5 as of Jun. 25, 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 Medartis Holding AG (XSWX:MED) Overvalued in 2026?

Based on GuruFocus' analysis, Medartis Holding AG stock appears to be undervalued. The current stock price of CHF72.00 is trading 31.8% below its estimated GF Value™ of CHF105.61. GuruFocus considers Medartis Holding AG to be Significantly Undervalued.

Key valuation signals for XSWX:MED:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: CHF105.61 vs. price of CHF72.00 (31.8% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 0% at the Medical Devices & Instruments median (#282 of 805)

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


Medartis Holding AG Business Description

Other Exchanges MEDz:UK1RU:Germany
Address Hochbergerstrasse 60E, Basel, CHE, 4057
Medartis Holding AG is a medical device company. The company's product profile is divided into APTUS products, StealthFix Products, and MODUS products. APTUS includes products for the Hand, Wrist, Elbow, Shoulder, and Foot. MODUS comprises products for the mandible. Geographically, it derives the majority of its revenue from Europe, Middle East and Africa (EMEA) and also has a presence in North America, Asia Pacific, and Latin America.
76GF Score

Get the complete analysis for XSWX:MED

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

CHF72.00
Price
CHF105.61
GF Value