CBGZF (Cabral Gold) Piotroski F-Score: 1 (As of Jun. 25, 2026) — 67% Below Median


CBGZF Cabral Gold Inc CBGZF
29 GF Score
Price $0.64
! 2 Warning Signs
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What is Cabral Gold Piotroski F-Score?

Cabral Gold CBGZF +0.77% 29 Piotroski F-Score is 1 as of Jun. 25, 2026, which is 67% below its 10-year median of 3.00. GuruFocus rates CBGZF with a GF Score™ of 29/100. The stock has 2 warning signs investors should review. Among 2,510 Metals & Mining companies, Cabral Gold ranks worse than 95.86% on this metric.

Warning Sign:

Piotroski F-Score of 1 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

Cabral Gold has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

CBGZF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 1

During the past 10 years, the highest Piotroski F-Score of Cabral Gold was 5. The lowest was 1. And the median was 3.

Cabral Gold  (OTCPK:CBGZF) 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.


Cabral Gold Piotroski F-Score Related Terms


Cabral Gold Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cabral Gold'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.

Cabral Gold Piotroski F-Score Chart

Cabral Gold Annual Data
Trend Jun14 Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 3.00 3.00 4.00

Cabral Gold 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 2.00 3.00 3.00 2.00 1.00

CBGZF vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Cabral Gold'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.


Cabral Gold Piotroski F-Score vs Metals & Mining Industry

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

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


CBGZF
29GF Score
Cabral Gold Inc CBGZF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -2.622 + -3.603 + -11.317 + -5.95 = $-23.49 Mil.
Cash Flow from Operations was -2.196 + -3.461 + -3.203 + -4.466 = $-13.33 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.016 + -0.041 + -0.054 + -0.05 = $-0.16 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5.701 + 14.226 + 10.919 + 52.351 + 54.129) / 5 = $27.4652 Mil.
Total Assets at the begining of this year (Mar25) was $5.70 Mil.
Long-Term Debt & Capital Lease Obligation was $45.80 Mil.
Total Current Assets was $23.52 Mil.
Total Current Liabilities was $11.00 Mil.
Net Income was -1.365 + -1.656 + -1.122 + -2.042 = $-6.19 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.101 + -0.099 + -0.095 + -0.013 = $-0.31 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5.334 + 5.41 + 4.398 + 4.269 + 5.701) / 5 = $5.0224 Mil.
Total Assets at the begining of last year (Mar24) was $5.33 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $2.72 Mil.
Total Current Liabilities was $0.86 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.

Cabral Gold's current Net Income (TTM) was -23.49. ==> 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.

Cabral Gold's current Cash Flow from Operations (TTM) was -13.33. ==> 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)
=-23.492/5.701
=-4.12068058

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-6.185/5.334
=-1.15954256

Cabral Gold's return on assets of this year was -4.12068058. Cabral Gold's return on assets of last year was -1.15954256. ==> 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.

Cabral Gold's current Net Income (TTM) was -23.49. Cabral Gold's current Cash Flow from Operations (TTM) was -13.33. ==> -13.33 > -23.49 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=45.8/27.4652
=1.66756477

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/5.0224
=0

Cabral Gold's gearing of this year was 1.66756477. Cabral Gold's gearing of last year was 0. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=23.515/11.001
=2.13753295

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2.719/0.864
=3.14699074

Cabral Gold's current ratio of this year was 2.13753295. Cabral Gold's current ratio of last year was 3.14699074. ==> 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.

Cabral Gold's number of shares in issue this year was 278.41. Cabral Gold's number of shares in issue last year was 214.609. ==> 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
=-0.161/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.308/0
=

Cabral Gold's gross margin of this year was . Cabral Gold'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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=0/5.701
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/5.334
=0

Cabral Gold's asset turnover of this year was 0. Cabral Gold's asset turnover of last year was 0. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+1+0+0+0+0+0
=1

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

Cabral Gold has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 1 mean?
Cabral Gold (CBGZF) has a Piotroski F-Score of 1 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cabral Gold and its competitors. This is 67% below median its historical median of 3.00. Over the past decade, Cabral Gold's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Cabral Gold ranks #2406 out of 2510 companies in the Metals & Mining industry, placing it in the top 95.9%.
Is Cabral Gold's Piotroski F-Score too high?
Cabral Gold's current Piotroski F-Score of 1 is 67% 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 5.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Cabral Gold's value of 1 is 66.7% below this industry median. Based on the distribution chart, Cabral Gold ranks #2406 out of 2510 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Cabral Gold has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Cabral Gold's Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Cabral Gold ranks #2406 out of 2510 companies for Piotroski F-Score. This places Cabral Gold in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Cabral Gold's value of 1 is 66.7% below this benchmark. Historically, Cabral Gold's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Cabral Gold 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,510 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. Cabral Gold's current Piotroski F-Score of 1 is 66.7% 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 Cabral Gold 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. Cabral Gold's current Piotroski F-Score is 1, which is 67% 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 Cabral Gold stock overvalued right now?
Cabral Gold (CBGZF) has a current Piotroski F-Score of 1. The current Piotroski F-Score is 1, which is 67% below median its 10-year median of 3.00 and 66.7% below the Metals & Mining industry median of 3.00. Cabral Gold's overall GF Score™ is 29/100 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 Cabral Gold (CBGZF), the current Piotroski F-Score is 1 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.

Cabral Gold Business Description

Other Exchanges C3J:GermanyCBR:Canada
Address 409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
Cabral Gold Inc is a junior resource company engaged in the identification, exploration, and development of mineral properties, with a focus on gold properties located in Brazil. The company has a 100% interest in the Cuiu Cuiu gold district located in the Tapajos Region, within the state of Para in northern Brazil. Three main gold deposits have so far been defined at the Cuiu Cuiu project which contain National Instrument (NI) 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 11.11Mt @ 0.48 g/t gold (171,883oz) in oxide material. The company operates in one reportable operating segment, being the acquisition, exploration and development of mineral properties in Brazil.
29GF Score

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

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