Noble HeliumASX:NHE +13.04% Piotroski F-Score is 3 as of Jun. 27, 2026, which is at its 10-year median of 3.00. The stock has 4 warning signs investors should review. Among 1,567 Chemicals companies, Noble Helium ranks worse than 82% on this metric.
Warning Sign:
Piotroski F-Score of 3 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
Noble Helium has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Noble Helium's Piotroski F-Score or its related term are showing as below:
ASX:NHE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 3
Current: 3
During the past 4 years, the highest Piotroski F-Score of Noble Helium was 3. 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.
Noble Helium Piotroski F-Score Related Terms
Noble Helium Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Noble Helium'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:NHE vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Noble Helium'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.
Noble Helium Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Noble Helium's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Noble Helium'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.
Noble Helium's current Net Income (TTM) was -10.97.
==> 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.
Noble Helium's return on assets of this year was -0.21439321. Noble Helium's return on assets of last year was -0.22730949.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Noble Helium's gearing of this year was 0. Noble Helium's gearing of last year was 0.00155273.
==> 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
Noble Helium's current ratio of this year was 0.0113852. Noble Helium's current ratio of last year was 0.86036961.
==> 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.
Noble Helium's number of shares in issue this year was 552.761. Noble Helium's number of shares in issue last year was 399.285.
==> 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.
Noble Helium's gross margin of this year was . Noble Helium'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
Noble Helium's asset turnover of this year was 0. Noble Helium'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
Noble Helium has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Noble Helium (ASX:NHE) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Noble Helium and its competitors. This is near median its historical median of 3.00. Over the past decade, Noble Helium's Piotroski F-Score has ranged from 2.00 to 3.00. According to the industry distribution chart, Noble Helium ranks #1285 out of 1567 companies in the Chemicals industry, placing it in the top 82%.
Is Noble Helium's Piotroski F-Score too high?
Noble Helium's current Piotroski F-Score of 3 is near 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 3.00. The Chemicals industry median Piotroski F-Score is 5.00. Noble Helium's value of 3 is 40% below this industry median. Based on the distribution chart, Noble Helium ranks #1285 out of 1567 companies in the Chemicals industry, which is in the bottom quartile relative to peers.
How does Noble Helium's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Noble Helium ranks #1285 out of 1567 companies for Piotroski F-Score. This places Noble Helium in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Noble Helium's value of 3 is 40% below this benchmark. Historically, Noble Helium's own Piotroski F-Score has ranged from 2.00 to 3.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Noble Helium 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 a Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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. Noble Helium's current Piotroski F-Score of 3 is 40% 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 Noble Helium and its competitors. For the Chemicals 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. Noble Helium's current Piotroski F-Score is 3, which is near 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 Noble Helium stock overvalued right now?
Noble Helium (ASX:NHE) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Chemicals 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 Noble Helium (ASX:NHE), the current Piotroski F-Score is 3 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.
Noble Helium Ltd is an Australian helium exploration company. It is focused on advancing its projects in Tanzania's East African Rift System to meet the growing need for a primary, carbon-free, and geopolitically independent source of helium. The company is focused on advancing its flagship project, the North Rukwa project, which is strategically located within Tanzania's Rukwa Basin. Additionally, it holds prospecting licences (PLs) in the North Nyasa and Eyasi basins, and prospecting licence applications (PLAs) in the Manyara basins in Tanzania. Noble operates in one reportable segment, being mineral exploration in the United Republic of Tanzania.
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