Resolute Mining (ASX:RSG) Piotroski F-Score: 7 (As of Jun. 26, 2026) — 17% Above Median


ASX:RSG Resolute Mining Ltd ASX:RSG
59 GF Score
Price A$1.01
GF Value A$0.63
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Resolute Mining Piotroski F-Score?

Resolute Mining ASX:RSG +3.59% 59 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ASX:RSG with a GF Score™ of 59/100 and a GF Value™ of A$0.63 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,512 Metals & Mining companies, Resolute Mining ranks better than 95.5% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Resolute Mining has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Resolute Mining's Piotroski F-Score or its related term are showing as below:

ASX:RSG' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Resolute Mining was 8. The lowest was 3. And the median was 6.

Resolute Mining  (ASX:RSG) 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.


Resolute Mining Piotroski F-Score Related Terms


Resolute Mining Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Resolute Mining'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.

Resolute Mining Piotroski F-Score Chart

Resolute Mining Annual Data
Trend Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 6.00 6.00 4.00 7.00

Resolute Mining Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 4.00 0.00 7.00

ASX:RSG vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Resolute Mining'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.


Resolute Mining Piotroski F-Score vs Metals & Mining Industry

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

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


ASX:RSG
59GF Score
Resolute Mining Ltd ASX:RSG
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was A$194 Mil.
Cash Flow from Operations was A$341 Mil.
Revenue was A$1,303 Mil.
Gross Profit was A$763 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (1294.079 + 1773.793) / 2 = A$1533.936 Mil.
Total Assets at the begining of this year (Dec24) was A$1,294 Mil.
Long-Term Debt & Capital Lease Obligation was A$115 Mil.
Total Current Assets was A$512 Mil.
Total Current Liabilities was A$481 Mil.
Net Income was A$-45 Mil.

Revenue was A$1,265 Mil.
Gross Profit was A$680 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (2018.906 + 1294.079) / 2 = A$1656.4925 Mil.
Total Assets at the begining of last year (Dec23) was A$2,019 Mil.
Long-Term Debt & Capital Lease Obligation was A$10 Mil.
Total Current Assets was A$385 Mil.
Total Current Liabilities was A$375 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.

Resolute Mining's current Net Income (TTM) was 194. ==> 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.

Resolute Mining's current Cash Flow from Operations (TTM) was 341. ==> 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 (Dec24)
=193.844/1294.079
=0.14979302

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-44.683/2018.906
=-0.02213228

Resolute Mining's return on assets of this year was 0.14979302. Resolute Mining's return on assets of last year was -0.02213228. ==> 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.

Resolute Mining's current Net Income (TTM) was 194. Resolute Mining's current Cash Flow from Operations (TTM) was 341. ==> 341 > 194 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=114.531/1533.936
=0.07466478

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=9.845/1656.4925
=0.00594328

Resolute Mining's gearing of this year was 0.07466478. Resolute Mining's gearing of last year was 0.00594328. ==> Last year is lower than this year ==> Score 0.

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: Dec25)=Total Current Assets/Total Current Liabilities
=511.851/480.697
=1.06481006

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=385.292/375.341
=1.02651189

Resolute Mining's current ratio of this year was 1.06481006. Resolute Mining's current ratio of last year was 1.02651189. ==> 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.

Resolute Mining's number of shares in issue this year was 2150.25. Resolute Mining's number of shares in issue last year was 2129.05. ==> 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
=762.885/1302.728
=0.58560574

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=680.164/1264.736
=0.53779129

Resolute Mining's gross margin of this year was 0.58560574. Resolute Mining's gross margin of last year was 0.53779129. ==> 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 (Dec24)
=1302.728/1294.079
=1.00668352

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=1264.736/2018.906
=0.6264462

Resolute Mining's asset turnover of this year was 1.00668352. Resolute Mining's asset turnover of last year was 0.6264462. ==> 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+0+1+0+1+1
=7

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

Resolute Mining has an F-score of 7. 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 7 mean?
Resolute Mining (ASX:RSG) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Resolute Mining and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Resolute Mining's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Resolute Mining ranks #113 out of 2512 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is Resolute Mining's Piotroski F-Score too high?
Resolute Mining's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Resolute Mining's value of 7 is 133.3% above this industry median. Based on the distribution chart, Resolute Mining ranks #113 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Resolute Mining has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Resolute Mining's Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Resolute Mining ranks #113 out of 2512 companies for Piotroski F-Score. This places Resolute Mining in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Resolute Mining's value of 7 is 133.3% above this benchmark. Historically, Resolute Mining's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Resolute Mining 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. Resolute Mining's current Piotroski F-Score of 7 is 133.3% 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 Resolute Mining 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. Resolute Mining's current Piotroski F-Score is 7, which is 17% 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 Resolute Mining stock overvalued right now?
Based on GuruFocus' analysis, Resolute Mining (ASX:RSG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.63, compared to a current price of A$1.01 — trading 60.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 133.3% above the Metals & Mining industry median of 3.00. Resolute Mining's overall GF Score™ is 59/100 with 2 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 Resolute Mining (ASX:RSG), the current Piotroski F-Score is 7 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 Resolute Mining (ASX:RSG) Overvalued in 2026?

Based on GuruFocus' analysis, Resolute Mining stock appears to be overvalued. The current stock price of A$1.01 is trading 60.3% above its estimated GF Value™ of A$0.63. GuruFocus considers Resolute Mining to be Significantly Overvalued.

Key valuation signals for ASX:RSG:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: A$0.63 vs. price of A$1.01 (60.3% above fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 133.3% above the Metals & Mining median (#113 of 2512)

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


Resolute Mining Business Description

Other Exchanges RMGGF:USARSG:UKRSM:Germany
Address No. 2 The Esplanade, Level 17, Perth, WA, AUS, 6000
Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into business divisions, namely Mako (Senegal), and Syama (Mali). It generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulfide processing circuit, along with satellite open pit operations that provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine. Its projects include: Doropo - Cote d' Ivoire, and ABC Project - Cote d' Ivoire.
59GF Score

Get the complete analysis for ASX:RSG

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

A$1.01
Price
A$0.63
GF Value