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Mohanram G-Score is a financial indicator developed by professor Partha Mohanram to help investors find the best investment opportunities in the growth stocks. Companies have higher G-score tends to generate higher return. According to his study, the best growth stocks that have a G-Score greater than 6 tend to beat the market, while those with a G-Score lower than 1 tend to have negative absolute returns.
Thus, the zones of discrimination were as such:
Good or high score = 6, 7, 8
Bad or low score = 0, 1
Mastech Digital has an G-score of 2.
The historical rank and industry rank for Mastech Digital's Mohanram G-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski G-score of Mastech Digital was 6. The lowest was 2. And the median was 4.
The historical data trend for Mastech Digital's Mohanram G-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.
Mastech Digital Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Mohanram G-Score | Get a 7-Day Free Trial | 5.00 | 6.00 | 3.00 | 5.00 | 3.00 |
Mastech Digital Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Mohanram G-Score | Get a 7-Day Free Trial | 4.00 | 4.00 | 3.00 | 3.00 | 2.00 |
For the Staffing & Employment Services subindustry, Mastech Digital's Mohanram G-Score, along with its competitors' market caps and Mohanram G-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.
For the Business Services industry and Industrials sector, Mastech Digital's Mohanram G-Score distribution charts can be found below:
* The bar in red indicates where Mastech Digital's Mohanram G-Score falls into.
The calculation of the Mohanram G-score consists of eight criteria. Assign one point for each criterion met, then add up all the points to get the G-Score.
Profitability
Question 1. Return on Assets (ROA)
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. It measures how well a company uses its asset to generate earnings.
Score 1 if ROA > ROA Industry Median, 0 otherwise.
Question 2. Cash ROA
Cash ROA equals to Cash Flow from Operations divided by average Total Assets. It measures how well a company uses its asset to generate cash.
Score 1 if Cash ROA > Cash ROA Industry Median, 0 otherwise.
Question 3. CFO and Net Income
Score 1 if CFO > Net Income, 0 otherwise.
Earnings Predictability
Question 4. Earnings Variability
Earnings Variability is measured as the variance of a firm's ROA in the past five years.
Score 1 if Earnings Variability < Earnings Variability Industry Median, 0 otherwise.
Question 5. Sales Growth Variability
Sales Growth Variability is measured as the 5-year variance in sales growth.
Score 1 if Sales Growth Variability < Sales Growth Variability Industry Median, 0 otherwise.
Accounting Conservatism
Question 6. Research & Development Intensity
Research & Development Intensity is calcualted by Research & Development divided by the beginning Total Assets.
Score 1 if Research & Development Intensity > Research & Development Intensity Industry Median, 0 otherwise.
Question 7. CAPEX Intensity
CAPEX Intensity is calcualted by Capital Expenditure divided by the beginning Total Assets.
Score 1 if CAPEX Intensity > CAPEX Intensity Industry Median, 0 otherwise.
Question 8. Advertising Expenditure Intensity
Advertising Expenditure Intensity is calcualted by Advertising Expenditure divided by the beginning Total Assets. Note that Advertising Expenditure is not reported as a seperate line item for many companies, thus Selling, General, & Admin. Expense is used in this calculation.
Score 1 if Advertising Expenditure Intensity > Advertising Expenditure Intensity Industry Median, 0 otherwise.
* 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.
* Note that all the Industry Median used for comparison in his original research, are substituted with Sector Median due to the limitation of data within certain countries.
Good or high score = 6, 7, 8
Bad or low score = 0, 1
Mastech Digital has an G-score of 2.
Mastech Digital (AMEX:MHH) Mohanram G-Score Explanation
Partha Mohanram is the John H. Watson Chair in Value Investing at Rotman and the Acting Vice-Dean of Research Strategy and Resources.
In 2000, he wrote a research paper called "Separating Winners from Losers Among Low Book-to-Market Stocks Using Financial Statement Analysis".
This paper tests whether a strategy based on financial statement analysis of low book-to-market (growth) stocks is successful in differentiating between winners and losers in terms of future stock performance. Based on the research, a strategy based on buying high G-score (6, 7 or 8) firms and shorting low G-score (0 or 1) firms consistently earns significant excess returns. Further, the results do not support a risk based explanation for the book-to-market effect as the strategy returns positive returns in all years, and firms that ex-ante appear less risky have better future returns.
To conclude, one can use a modified fundamental analysis strategy (G-score) to identify mispricing and earn substantial abnormal returns.
Thank you for viewing the detailed overview of Mastech Digital's Mohanram G-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Manoj P Singh | 10 percent owner | PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109 |
Sunil Wadhwani | director, 10 percent owner | 1004 MCKEE ROAD, OAKDALE PA 15071 |
Michael Lee Fleishman | officer: See Remarks | 1305 CHERRINGTON PKWY, BLDG 210, SUITE 400, MOON TOWNSHIP PA 15108 |
Vladimir Rak | director | 345 COURT STREET, CORAOPOLIS PA 15108 |
Ganeshan Venkateshwaran | officer: See Remarks | 1305 CHERRINGTON PKWY, BLDG 210, STE 400, MOON TOWNSHIP PA 15108 |
Paul Philip Burton | officer: See Remarks | 1305 CHERRINGTON PARKWAY, SUITE 400, MOON TOWNSHIP PA 15109 |
Brenda C Galilee | director | C/O HALL KINION & ASSOCIATES INC, 75 ROWLAND WAY, SUITE 200, NOVATO CA 94945 |
Steven A Shaw | 10 percent owner | 503 13TH AVENUE EAST, #205, SEATTLE WA 98102 |
John J. Cronin | officer: Chief Financial Officer | 1603 BLACKBURN HTS DRIVE, SEWICKLEY PA 15143 |
Vivek Gupta | director, officer: President and CEO | C/O MASTECH HOLDINGS, 1305 CHERRINGTON PKWY, BLDG 200, STE 400, MOON TOWNSHIP PA 15108 |
Gerhard Watzinger | director | 2821 TARFLOWER WAY, NAPLES FL 34105 |
John Ausura | director | 210 CAPE COD WAY, MOORESVILLE NC 28117 |
Ashok Trivedi | director, 10 percent owner | 1004 MCKEE ROAD, OAKDALE PA 15071 |
Scott Adam Aicher | officer: See Remarks | 2709 PEBBLE BEACH DRIVE, OAKALND MI 48363 |
Denis D. Deet | officer: VP of Technology and CIO | C/O MASTECH HOLDINGS, INC., 1305 CHERRINGTON PKWY, BLDG 210, STE 400, MOON TOWNSHIP PA 15108 |
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