EMPYF (Empress Royalty) Piotroski F-Score: 6 (As of Jun. 27, 2026) — Near Median


EMPYF Empress Royalty Corp EMPYF
52 GF Score
Price $0.59
GF Value $1.52
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Empress Royalty Piotroski F-Score?

Empress Royalty EMPYF +1.85% 52 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates EMPYF with a GF Score™ of 52/100 and a GF Value™ of $1.52 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,512 Metals & Mining companies, Empress Royalty ranks better than 91.4% 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

Empress Royalty has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

EMPYF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 6

During the past 5 years, the highest Piotroski F-Score of Empress Royalty was 8. The lowest was 4. And the median was 6.

Empress Royalty  (OTCPK:EMPYF) 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.


Empress Royalty Piotroski F-Score Related Terms


Empress Royalty Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Empress Royalty'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.

Empress Royalty Piotroski F-Score Chart

Empress Royalty Annual Data
Trend Sep20 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 6.00 7.00

Empress Royalty Quarterly Data
Dec20 Mar21 Jun21 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 8.00 8.00 8.00 7.00 6.00

EMPYF vs HL: Piotroski F-Score Comparison

For the Other Precious Metals & Mining subindustry, Empress Royalty'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.


Empress Royalty Piotroski F-Score vs Metals & Mining Industry

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

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


EMPYF
52GF Score
Empress Royalty Corp EMPYF
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 0.992 + 1.374 + 4.479 + 3.295 = $10.14 Mil.
Cash Flow from Operations was 2.803 + 0.677 + -1.481 + -2.375 = $-0.38 Mil.
Revenue was 3.811 + 4.233 + 6.379 + 9.063 = $23.49 Mil.
Gross Profit was 2.627 + 2.971 + 4.61 + 6.747 = $16.96 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(23.783 + 25.977 + 29.084 + 35.387 + 41.04) / 5 = $31.0542 Mil.
Total Assets at the begining of this year (Mar25) was $23.78 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $23.21 Mil.
Total Current Liabilities was $6.14 Mil.
Net Income was -0.473 + 1.549 + 0.456 + 0.443 = $1.98 Mil.

Revenue was 1.051 + 3.453 + 2.555 + 2.738 = $9.80 Mil.
Gross Profit was 0.651 + 2.267 + 1.715 + 1.849 = $6.48 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(23.526 + 22.585 + 23.872 + 23.688 + 23.783) / 5 = $23.4908 Mil.
Total Assets at the begining of last year (Mar24) was $23.53 Mil.
Long-Term Debt & Capital Lease Obligation was $1.63 Mil.
Total Current Assets was $3.74 Mil.
Total Current Liabilities was $3.45 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.

Empress Royalty's current Net Income (TTM) was 10.14. ==> 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.

Empress Royalty's current Cash Flow from Operations (TTM) was -0.38. ==> 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)
=10.14/23.783
=0.42635496

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.975/23.526
=0.08394967

Empress Royalty's return on assets of this year was 0.42635496. Empress Royalty's return on assets of last year was 0.08394967. ==> 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.

Empress Royalty's current Net Income (TTM) was 10.14. Empress Royalty's current Cash Flow from Operations (TTM) was -0.38. ==> -0.38 <= 10.14 ==> CFROA <= ROA ==> Score 0.

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
=0/31.0542
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.627/23.4908
=0.06926116

Empress Royalty's gearing of this year was 0. Empress Royalty's gearing of last year was 0.06926116. ==> 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
=23.209/6.139
=3.78058316

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3.74/3.449
=1.08437228

Empress Royalty's current ratio of this year was 3.78058316. Empress Royalty's current ratio of last year was 1.08437228. ==> 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.

Empress Royalty's number of shares in issue this year was 136.607. Empress Royalty's number of shares in issue last year was 124.949. ==> 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
=16.955/23.486
=0.72191944

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6.482/9.797
=0.66163111

Empress Royalty's gross margin of this year was 0.72191944. Empress Royalty's gross margin of last year was 0.66163111. ==> 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 (Mar25)
=23.486/23.783
=0.98751209

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9.797/23.526
=0.41643288

Empress Royalty's asset turnover of this year was 0.98751209. Empress Royalty's asset turnover of last year was 0.41643288. ==> 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+0+1+0+1+1+0+1+1
=6

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

Empress Royalty has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Empress Royalty (EMPYF) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Empress Royalty and its competitors. This is near median its historical median of 6.00. Over the past decade, Empress Royalty's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Empress Royalty ranks #216 out of 2512 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is Empress Royalty's Piotroski F-Score too high?
Empress Royalty's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Empress Royalty's value of 6 is 100% above this industry median. Based on the distribution chart, Empress Royalty ranks #216 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Empress Royalty has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empress Royalty's Piotroski F-Score compare to HL?
According to the Metals & Mining industry distribution chart, Empress Royalty ranks #216 out of 2512 companies for Piotroski F-Score. This places Empress Royalty in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Empress Royalty's value of 6 is 100% above this benchmark. Historically, Empress Royalty's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Empress Royalty 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. Empress Royalty's current Piotroski F-Score of 6 is 100% 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 Empress Royalty 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. Empress Royalty's current Piotroski F-Score is 6, which is near 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 Empress Royalty stock overvalued right now?
Based on GuruFocus' analysis, Empress Royalty (EMPYF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.52, compared to a current price of $0.59 — trading 61.2% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 100% above the Metals & Mining industry median of 3.00. Empress Royalty's overall GF Score™ is 52/100 with 1 warning sign 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 Empress Royalty (EMPYF), the current Piotroski F-Score is 6 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.

Is Empress Royalty (EMPYF) Overvalued in 2026?

Based on GuruFocus' analysis, Empress Royalty stock appears to be undervalued. The current stock price of $0.59 is trading 61.2% below its estimated GF Value™ of $1.52. GuruFocus considers Empress Royalty to be Significantly Undervalued.

Key valuation signals for EMPYF:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $1.52 vs. price of $0.59 (61.2% below fair value)
  • GF Score™: 52/100 with 1 warning sign
  • Industry Position: 100% above the Metals & Mining median (#216 of 2512)

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


Empress Royalty Business Description

Other Exchanges 53G:GermanyEMPR:Canada
Address 595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1
Empress Royalty Corp is a royalty and streaming creation company. It is engaged in the business of structuring and creating proprietary precious metal royalty and streaming agreements for its portfolio and may acquire certain interests from time to time. The company is focused on small to mid-tier producing or development stage mining companies, where immediate or near-term revenue can be generated, but may also consider earlier stage opportunities. Its revenue is derived from the Tahuehueto and Pinos stream in Mexico, the Sierra Antapite stream in Peru, the Galaxy stream in South Africa, and royalties on gold sales from the Manica gold project in Mozambique. The Company operates in a single segment, the creation and acquisition of royalty and stream interests.
52GF Score

Get the complete analysis for EMPYF

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

$0.59
Price
$1.52
GF Value