Hartshead Resources NLASX:HHR Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% above its 10-year median of 3.00. The stock has 1 warning sign investors should review. Among 974 Oil & Gas companies, Hartshead Resources NL ranks worse than 58.73% 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
Hartshead Resources NL has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Hartshead Resources NL's Piotroski F-Score or its related term are showing as below:
ASX:HHR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 6
Current: 4
During the past 13 years, the highest Piotroski F-Score of Hartshead Resources NL was 6. The lowest was 2. 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.
Hartshead Resources NL Piotroski F-Score Related Terms
Hartshead Resources NL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Hartshead Resources NL'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:HHR vs COP, EOG, OXY: Piotroski F-Score Comparison
For the Oil & Gas E&P subindustry, Hartshead Resources NL'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.
Hartshead Resources NL Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hartshead Resources NL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hartshead Resources NL'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.
Hartshead Resources NL's current Net Income (TTM) was -2.26.
==> 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.
Score 1 if positive, 0 if negative.
Hartshead Resources NL's current Cash Flow from Operations (TTM) was -3.11.
==> 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.
Hartshead Resources NL's return on assets of this year was -0.06219083. Hartshead Resources NL's return on assets of last year was -0.06467077.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hartshead Resources NL's gearing of this year was 0. Hartshead Resources NL'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
Hartshead Resources NL's current ratio of this year was 11.01933702. Hartshead Resources NL's current ratio of last year was 8.12084993.
==> 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.
Hartshead Resources NL's number of shares in issue this year was 2808.682. Hartshead Resources NL's number of shares in issue last year was 2808.682.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Hartshead Resources NL's gross margin of this year was . Hartshead Resources NL'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
Hartshead Resources NL's asset turnover of this year was 0. Hartshead Resources NL's asset turnover of last year was 0.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hartshead Resources NL has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Hartshead Resources NL (ASX:HHR) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hartshead Resources NL and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Hartshead Resources NL's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Hartshead Resources NL ranks #572 out of 974 companies in the Oil & Gas industry, placing it in the top 58.7%.
Is Hartshead Resources NL's Piotroski F-Score too high?
Hartshead Resources NL's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Hartshead Resources NL's value of 4 is 20% below this industry median. Based on the distribution chart, Hartshead Resources NL ranks #572 out of 974 companies in the Oil & Gas industry, which is below the industry midpoint.
How does Hartshead Resources NL's Piotroski F-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Hartshead Resources NL ranks #572 out of 974 companies for Piotroski F-Score. This places Hartshead Resources NL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Hartshead Resources NL's value of 4 is 20% below this benchmark. Historically, Hartshead Resources NL's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Hartshead Resources NL 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 Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 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. Hartshead Resources NL's current Piotroski F-Score of 4 is 20% 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 Hartshead Resources NL and its competitors. For the Oil & Gas 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. Hartshead Resources NL's current Piotroski F-Score is 4, which is 33% above 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 Hartshead Resources NL stock overvalued right now?
Hartshead Resources NL (ASX:HHR) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Oil & Gas 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 Hartshead Resources NL (ASX:HHR), the current Piotroski F-Score is 4 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.
Hartshead Resources NL is building a financially, technically and environmentally responsible European Energy business. It is the owner and operator of License P2607 on the United Kingdom Continental Shelf, in the Southern Gas Basin. The License contains multiple gas fields, some of which have been only partially developed. The Group has single reportable segment being an interest to develop and explore for gas fields in the UK North Sea in Seaward Production License P2607.
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