Highfield ResourcesASX:HFR -3.70% Piotroski F-Score is 2 as of Jun. 27, 2026, which is 33% below its 10-year median of 3.00. The stock has 5 warning signs investors should review. Among 252 Agriculture companies, Highfield Resources ranks worse than 89.68% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Highfield Resources has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Highfield Resources's Piotroski F-Score or its related term are showing as below:
ASX:HFR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 4
Current: 2
During the past 13 years, the highest Piotroski F-Score of Highfield Resources was 4. The lowest was 1. And the median was 3.
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.
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.
Highfield Resources Piotroski F-Score Related Terms
Highfield Resources Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Highfield Resources'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.
ASX:HFR vs CTVA, CF, MOS: Piotroski F-Score Comparison
For the Agricultural Inputs subindustry, Highfield Resources'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.
Highfield Resources Piotroski F-Score vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Highfield Resources's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Highfield Resources's Piotroski F-Score falls into.
* 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: 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.
Highfield Resources's current Net Income (TTM) was -69.80.
==> Negative ==> Score 0.
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.
Highfield Resources's return on assets of this year was -0.31571329. Highfield Resources's return on assets of last year was -0.09432315.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Highfield Resources's gearing of this year was 0. Highfield Resources'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
Highfield Resources's current ratio of this year was 0.05781188. Highfield Resources's current ratio of last year was 0.70941489.
==> 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.
Highfield Resources's number of shares in issue this year was 498.018. Highfield Resources's number of shares in issue last year was 404.92.
==> 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.
Highfield Resources's gross margin of this year was . Highfield Resources's gross margin of last year was .
==> 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
Highfield Resources's asset turnover of this year was 0. Highfield Resources's asset turnover of last year was 0.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Highfield Resources has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Highfield Resources (ASX:HFR) has a Piotroski F-Score of 2 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Highfield Resources and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Highfield Resources' Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, Highfield Resources ranks #226 out of 252 companies in the Agriculture industry, placing it in the top 89.7%.
Is Highfield Resources' Piotroski F-Score too high?
Highfield Resources' current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.00. The Agriculture industry median Piotroski F-Score is 5.00. Highfield Resources' value of 2 is 60% below this industry median. Based on the distribution chart, Highfield Resources ranks #226 out of 252 companies in the Agriculture industry, which is in the bottom quartile relative to peers.
How does Highfield Resources' Piotroski F-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Highfield Resources ranks #226 out of 252 companies for Piotroski F-Score. This places Highfield Resources in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Highfield Resources' value of 2 is 60% below this benchmark. Historically, Highfield Resources' own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Highfield Resources has consistently been below 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 an Agriculture company?
The median Piotroski F-Score among Agriculture companies is 5.00, based on 252 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. Highfield Resources's current Piotroski F-Score of 2 is 60% below 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 Highfield Resources and its competitors. For the Agriculture 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. Highfield Resources's current Piotroski F-Score is 2, which is 33% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highfield Resources stock overvalued right now?
Highfield Resources (ASX:HFR) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 60% below the Agriculture industry median of 5.00. 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 Highfield Resources (ASX:HFR), the current Piotroski F-Score is 2 as of Jun. 27, 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.
Highfield Resources Ltd is an Australia-based company engaged in mineral exploration. The group is organized into one main operating segment, which involves the development of potash mines in Spain. The company projects include Muga-Vipasca, Pintanos, and Sierra del Perdon potash projects. The operation of the firm functions throughout Australia, and also has its presence in Spain.
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