IAG (Iamgold) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 33% Above Median


IAG Iamgold Corp IAG
70 GF Score
Price $15.83
GF Value $12.30
Valuation Modestly Overvalued
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What is Iamgold Piotroski F-Score?

Iamgold IAG +3.94% 70 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates IAG with a GF Score™ of 70/100 and a GF Value™ of $12.30 (Modestly Overvalued). Among 2,512 Metals & Mining companies, Iamgold ranks better than 99% 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

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

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

During the past 13 years, the highest Piotroski F-Score of Iamgold was 8. The lowest was 2. And the median was 6.

Iamgold  (NYSE:IAG) 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.


Iamgold Piotroski F-Score Related Terms


Iamgold Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Iamgold'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.

Iamgold Piotroski F-Score Chart

Iamgold 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 4.00 6.00 5.00 6.00 7.00

Iamgold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.00 6.00 7.00 8.00

IAG vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Iamgold'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.


Iamgold Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Iamgold's Piotroski F-Score distribution charts can be found below:

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


IAG
70GF Score
Iamgold Corp IAG
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 78.7 + 139.4 + 406.6 + 379.7 = $1,004 Mil.
Cash Flow from Operations was 85.8 + 280.8 + 701.7 + 569.9 = $1,638 Mil.
Revenue was 580.9 + 706.7 + 1088.1 + 1030.1 = $3,406 Mil.
Gross Profit was 198.8 + 272.6 + 593.6 + 570.7 = $1,636 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5389.5 + 5327 + 5376.6 + 5852.5 + 5993) / 5 = $5587.72 Mil.
Total Assets at the begining of this year (Mar25) was $5,390 Mil.
Long-Term Debt & Capital Lease Obligation was $619 Mil.
Total Current Assets was $991 Mil.
Total Current Liabilities was $523 Mil.
Net Income was 84.5 + 594.1 + 86.2 + 39.7 = $805 Mil.

Revenue was 385.3 + 438.9 + 469.9 + 477.1 = $1,771 Mil.
Gross Profit was 150.7 + 162.6 + 130.9 + 141.2 = $585 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4670.8 + 4991.9 + 5564.7 + 5374.4 + 5389.5) / 5 = $5198.26 Mil.
Total Assets at the begining of last year (Mar24) was $4,671 Mil.
Long-Term Debt & Capital Lease Obligation was $1,121 Mil.
Total Current Assets was $681 Mil.
Total Current Liabilities was $482 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.

Iamgold's current Net Income (TTM) was 1,004. ==> 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.

Iamgold's current Cash Flow from Operations (TTM) was 1,638. ==> 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 (Mar25)
=1004.4/5389.5
=0.18636237

ROA (Last Year)=Net Income/Total Assets (Mar24)
=804.5/4670.8
=0.1722403

Iamgold's return on assets of this year was 0.18636237. Iamgold's return on assets of last year was 0.1722403. ==> 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.

Iamgold's current Net Income (TTM) was 1,004. Iamgold's current Cash Flow from Operations (TTM) was 1,638. ==> 1,638 > 1,004 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=618.5/5587.72
=0.11068915

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1120.6/5198.26
=0.21557213

Iamgold's gearing of this year was 0.11068915. Iamgold's gearing of last year was 0.21557213. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=990.7/523.3
=1.89317791

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=680.7/481.9
=1.41253372

Iamgold's current ratio of this year was 1.89317791. Iamgold's current ratio of last year was 1.41253372. ==> 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.

Iamgold's number of shares in issue this year was 594. Iamgold's number of shares in issue last year was 579.6. ==> 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
=1635.7/3405.8
=0.48026895

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=585.4/1771.2
=0.33051039

Iamgold's gross margin of this year was 0.48026895. Iamgold's gross margin of last year was 0.33051039. ==> This year's gross margin is higher. ==> Score 1.

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 (Mar25)
=3405.8/5389.5
=0.63193246

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1771.2/4670.8
=0.37920699

Iamgold's asset turnover of this year was 0.63193246. Iamgold's asset turnover of last year was 0.37920699. ==> 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+0+1+1
=8

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

Iamgold 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?
Iamgold (IAG) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Iamgold and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Iamgold's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Iamgold ranks #25 out of 2512 companies in the Metals & Mining industry, placing it in the top 1%.
Is Iamgold's Piotroski F-Score too high?
Iamgold'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 2.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Iamgold's value of 8 is 166.7% above this industry median. Based on the distribution chart, Iamgold ranks #25 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Iamgold has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iamgold's Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Iamgold ranks #25 out of 2512 companies for Piotroski F-Score. This places Iamgold in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Iamgold's value of 8 is 166.7% above this benchmark. Historically, Iamgold'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 3.00, Iamgold 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,512 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. Iamgold's current Piotroski F-Score of 8 is 166.7% 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 Iamgold and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iamgold'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 Iamgold stock overvalued right now?
Based on GuruFocus' analysis, Iamgold (IAG) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.30, compared to a current price of $15.83 — trading 28.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 166.7% above the Metals & Mining industry median of 3.00. Iamgold's overall GF Score™ is 70/100. 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 Iamgold (IAG), the current Piotroski F-Score is 8 as of Jun. 26, 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 Iamgold (IAG) Overvalued in 2026?

Based on GuruFocus' analysis, Iamgold stock appears to be overvalued. The current stock price of $15.83 is trading 28.7% above its estimated GF Value™ of $12.30. GuruFocus considers Iamgold to be Modestly Overvalued.

Key valuation signals for IAG:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $12.30 vs. price of $15.83 (28.7% above fair value)
  • GF Score™: 70/100
  • Industry Position: 166.7% above the Metals & Mining median (#25 of 2512)

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


Iamgold Business Description

Address 150 King Street West, Suite 2200, Toronto, ON, CAN, M5H 1J9
Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Cote Gold mine - Canada, Burkina Faso - Essakane mine, Westwood mine - Canada. The company's s non-gold mine segments are Exploration and evaluation and development, and Corporate - which includes royalty interests. The company generates the majority of its revenue from the Cote Gold mine segment.
70GF Score

Get the complete analysis for IAG

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

$15.83
Price
$12.30
GF Value