In USE Method: Linux Performance Checklist it is mentioned that
The goal is a measure of memory capacity saturation - the degree to which a process is driving the system beyond its ability (and causing paging/swapping). [...] Another metric that may serve a similar goal is minor-fault rate by process, which could be watched from /proc/PID/stat.
I'm not sure I understand what minor-faults have to do with memory saturation.
Quoting wikipedia for reference
If the page is loaded in memory at the time the fault is generated, but is not marked in the memory management unit as being loaded in memory, then it is called a minor or soft page fault.