CBRSF (Champion Bear Resources) Piotroski F-Score: 3 (As of Jun. 29, 2026) — Near Median


What is Champion Bear Resources Piotroski F-Score?

Champion Bear Resources CBRSF +100.00% Piotroski F-Score is 3 as of Jun. 29, 2026, which is at its 10-year median of 3.00. The stock has 3 warning signs investors should review. Among 2,508 Metals & Mining companies, Champion Bear Resources ranks better than 58.85% 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

Champion Bear Resources 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 Champion Bear Resources's Piotroski F-Score or its related term are showing as below:

CBRSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 6
Current: 3

During the past 13 years, the highest Piotroski F-Score of Champion Bear Resources was 6. The lowest was 1. And the median was 3.

Champion Bear Resources  (OTCPK:CBRSF) 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.


Champion Bear Resources Piotroski F-Score Related Terms


Champion Bear Resources Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Champion Bear 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.

Champion Bear Resources Piotroski F-Score Chart

Champion Bear Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.00 1.00 4.00 4.00

Champion Bear Resources 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 3.00 4.00 3.00 4.00 3.00

Champion Bear Resources Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Champion Bear 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.


Champion Bear Resources Piotroski F-Score vs Metals & Mining Industry

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

* The bar in red indicates where Champion Bear Resources's Piotroski F-Score falls into.


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 -0.059 + -0.032 + -0.246 + -0.031 = $-0.37 Mil.
Cash Flow from Operations was -0.042 + -0.031 + -0.03 + -0.029 = $-0.13 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3.51 + 3.688 + 3.643 + 3.655 + 3.676) / 5 = $3.6344 Mil.
Total Assets at the begining of this year (Mar25) was $3.51 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $2.39 Mil.
Net Income was -0.077 + -0.042 + -0.193 + -0.038 = $-0.35 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3.746 + 3.672 + 3.721 + 3.534 + 3.51) / 5 = $3.6366 Mil.
Total Assets at the begining of last year (Mar24) was $3.75 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.01 Mil.
Total Current Liabilities was $1.96 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.

Champion Bear Resources's current Net Income (TTM) was -0.37. ==> 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.

Champion Bear Resources's current Cash Flow from Operations (TTM) was -0.13. ==> 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)
=-0.368/3.51
=-0.1048433

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.35/3.746
=-0.093433

Champion Bear Resources's return on assets of this year was -0.1048433. Champion Bear Resources's return on assets of last year was -0.093433. ==> 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.

Champion Bear Resources's current Net Income (TTM) was -0.37. Champion Bear Resources's current Cash Flow from Operations (TTM) was -0.13. ==> -0.13 > -0.37 ==> 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
=0/3.6344
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/3.6366
=0

Champion Bear Resources's gearing of this year was 0. Champion Bear 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=0.017/2.393
=0.00710405

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=0.013/1.957
=0.00664282

Champion Bear Resources's current ratio of this year was 0.00710405. Champion Bear Resources's current ratio of last year was 0.00664282. ==> 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.

Champion Bear Resources's number of shares in issue this year was 75.245. Champion Bear Resources's number of shares in issue last year was 62.631. ==> 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
=0/0
=

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

Champion Bear Resources's gross margin of this year was . Champion Bear 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=0/3.51
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/3.746
=0

Champion Bear Resources's asset turnover of this year was 0. Champion Bear Resources'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+1+1+0+0+0
=3

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

Champion Bear Resources has an F-score of 3. 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 3 mean?
Champion Bear Resources (CBRSF) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Champion Bear Resources and its competitors. This is near median its historical median of 3.00. Over the past decade, Champion Bear Resources' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Champion Bear Resources ranks #1032 out of 2508 companies in the Metals & Mining industry, placing it in the top 41.1%.
Is Champion Bear Resources' Piotroski F-Score too high?
Champion Bear Resources' 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 1.00 to a high of 6.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Champion Bear Resources' value of 3 is 0% at this industry median. Based on the distribution chart, Champion Bear Resources ranks #1032 out of 2508 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Champion Bear Resources' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Champion Bear Resources ranks #1032 out of 2508 companies for Piotroski F-Score. This puts Champion Bear Resources in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Champion Bear Resources' value of 3 is 0% at this benchmark. Historically, Champion Bear Resources' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Champion Bear Resources has consistently been at 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 2,508 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. Champion Bear Resources's current Piotroski F-Score of 3 is 0% at 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 Champion Bear Resources 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. Champion Bear Resources'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 Champion Bear Resources stock overvalued right now?
Champion Bear Resources (CBRSF) 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 0% at the Metals & Mining industry median of 3.00. 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 Champion Bear Resources (CBRSF), the current Piotroski F-Score is 3 as of Jun. 29, 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.

Champion Bear Resources Business Description

Other Exchanges CBA:Canada
Address 2005 - 9th Street Southwest, Calgary, AB, CAN, T2T 3C4
Champion Bear Resources Ltd is an exploration-stage mineral exploration and development company. The company is engaged in acquiring, exploring, and developing mining projects. The company's project portfolio includes the Eagle Rock project, Parkin JV, the Plomp Farm project, and others.