AAMMF (Almadex Minerals) Piotroski F-Score: 5 (As of Jun. 25, 2026) — Near Median


AAMMF Almadex Minerals Ltd AAMMF
41 GF Score
Price $0.29
GF Value $0.31
Valuation Fairly Valued
! 3 Warning Signs
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What is Almadex Minerals Piotroski F-Score?

Almadex Minerals AAMMF +5.65% 41 Piotroski F-Score is 5 as of Jun. 25, 2026, which is at its 10-year median of 5.00. GuruFocus rates AAMMF with a GF Score™ of 41/100 and a GF Value™ of $0.31 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,511 Metals & Mining companies, Almadex Minerals ranks better than 86.02% 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

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

AAMMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 8 years, the highest Piotroski F-Score of Almadex Minerals was 7. The lowest was 2. And the median was 5.

Almadex Minerals  (OTCPK:AAMMF) 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.


Almadex Minerals Piotroski F-Score Related Terms


Almadex Minerals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Almadex Minerals'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.

Almadex Minerals Piotroski F-Score Chart

Almadex Minerals Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 6.00 6.00 3.00 5.00 5.00

Almadex Minerals 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 4.00 4.00 6.00 5.00 5.00

AAMMF vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Almadex Minerals'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.


Almadex Minerals Piotroski F-Score vs Metals & Mining Industry

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

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


AAMMF
41GF Score
Almadex Minerals Ltd AAMMF
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 -1.204 + 1.004 + 0.317 + 0.634 = $0.75 Mil.
Cash Flow from Operations was -0.822 + -0.14 + -0.328 + -0.52 = $-1.81 Mil.
Revenue was 0 + 0.095 + 0.431 + 0.034 = $0.56 Mil.
Gross Profit was -0.023 + 0.02 + 0.185 + -0.086 = $0.10 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(20.049 + 19.803 + 20.595 + 21.117 + 21.792) / 5 = $20.6712 Mil.
Total Assets at the begining of this year (Mar25) was $20.05 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $14.62 Mil.
Total Current Liabilities was $0.25 Mil.
Net Income was -0.059 + 0.458 + 0.771 + 0.436 = $1.61 Mil.

Revenue was 0 + 0 + 0 + 0.033 = $0.03 Mil.
Gross Profit was -0.028 + -0.029 + -0.027 + 0.012 = $-0.07 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(19.592 + 19.275 + 19.963 + 19.79 + 20.049) / 5 = $19.7338 Mil.
Total Assets at the begining of last year (Mar24) was $19.59 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $9.18 Mil.
Total Current Liabilities was $0.25 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.

Almadex Minerals's current Net Income (TTM) was 0.75. ==> 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.

Almadex Minerals's current Cash Flow from Operations (TTM) was -1.81. ==> 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 (Mar25)
=0.751/20.049
=0.03745823

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.606/19.592
=0.08197223

Almadex Minerals's return on assets of this year was 0.03745823. Almadex Minerals's return on assets of last year was 0.08197223. ==> Last year is higher ==> Score 0.

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.

Almadex Minerals's current Net Income (TTM) was 0.75. Almadex Minerals's current Cash Flow from Operations (TTM) was -1.81. ==> -1.81 <= 0.75 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/20.6712
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/19.7338
=0

Almadex Minerals's gearing of this year was 0. Almadex Minerals's gearing of last year was 0. ==> 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
=14.619/0.25
=58.476

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=9.184/0.249
=36.88353414

Almadex Minerals's current ratio of this year was 58.476. Almadex Minerals's current ratio of last year was 36.88353414. ==> 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.

Almadex Minerals's number of shares in issue this year was 61.242. Almadex Minerals's number of shares in issue last year was 61.008. ==> 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
=0.096/0.56
=0.17142857

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.072/0.033
=-2.18181818

Almadex Minerals's gross margin of this year was 0.17142857. Almadex Minerals's gross margin of last year was -2.18181818. ==> 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)
=0.56/20.049
=0.02793157

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.033/19.592
=0.00168436

Almadex Minerals's asset turnover of this year was 0.02793157. Almadex Minerals's asset turnover of last year was 0.00168436. ==> 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+0+0+0+1+1+0+1+1
=5

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

Almadex Minerals 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?
Almadex Minerals (AAMMF) 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 Almadex Minerals and its competitors. This is near median its historical median of 5.00. Over the past decade, Almadex Minerals' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Almadex Minerals ranks #351 out of 2511 companies in the Metals & Mining industry, placing it in the top 14%.
Is Almadex Minerals' Piotroski F-Score too high?
Almadex Minerals' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Almadex Minerals' value of 5 is 66.7% above this industry median. Based on the distribution chart, Almadex Minerals ranks #351 out of 2511 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Almadex Minerals has a GF Score™ of 41/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Almadex Minerals' Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Almadex Minerals ranks #351 out of 2511 companies for Piotroski F-Score. This places Almadex Minerals in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Almadex Minerals' value of 5 is 66.7% above this benchmark. Historically, Almadex Minerals' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Almadex Minerals 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 2,511 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. Almadex Minerals's current Piotroski F-Score of 5 is 66.7% 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 Almadex Minerals 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. Almadex Minerals's current Piotroski F-Score is 5, which is near 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 Almadex Minerals stock overvalued right now?
Based on GuruFocus' analysis, Almadex Minerals (AAMMF) is currently considered Fairly Valued. The stock's GF Value™ is $0.31, compared to a current price of $0.29 — trading 6.5% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 66.7% above the Metals & Mining industry median of 3.00. Almadex Minerals' overall GF Score™ is 41/100 with 3 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 Almadex Minerals (AAMMF), 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 Almadex Minerals (AAMMF) Overvalued in 2026?

Based on GuruFocus' analysis, Almadex Minerals stock appears to be undervalued. The current stock price of $0.29 is trading 6.5% below its estimated GF Value™ of $0.31. GuruFocus considers Almadex Minerals to be Fairly Valued.

Key valuation signals for AAMMF:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: $0.31 vs. price of $0.29 (6.5% below fair value)
  • GF Score™: 41/100 with 3 warning signs
  • Industry Position: 66.7% above the Metals & Mining median (#351 of 2511)

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


Almadex Minerals Business Description

Other Exchanges 8X9:GermanyDEX:Canada
Address 1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9
Almadex Minerals Ltd is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada, the United States, and Mexico. The company's projects include Davis and Paradise Valley properties, the Logan project, Nicoamen, Confusion Hill, Pilot, Lac de Gras, and other properties. It has one reportable operating segment, the acquisition and exploration of mineral resource properties in Canada, the United States, and Mexico.
41GF Score

Get the complete analysis for AAMMF

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

$0.29
Price
$0.31
GF Value