FOXTF (Fox Tungsten) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 33% Above Median


FOXTF Fox Tungsten Ltd FOXTF
25 GF Score
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What is Fox Tungsten Piotroski F-Score?

Fox Tungsten FOXTF 25 Piotroski F-Score is 4 as of Jun. 24, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates FOXTF with a GF Score™ of 25/100. Among 2,510 Metals & Mining companies, Fox Tungsten ranks better than 78.29% 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

Fox Tungsten has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

FOXTF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 4
Current: 4

During the past 13 years, the highest Piotroski F-Score of Fox Tungsten was 4. The lowest was 1. And the median was 3.

Fox Tungsten  (OTCPK:FOXTF) 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.


Fox Tungsten Piotroski F-Score Related Terms


Fox Tungsten Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Fox Tungsten'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.

Fox Tungsten Piotroski F-Score Chart

Fox Tungsten Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
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

Fox Tungsten Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 3.00 3.00 3.00 4.00

Fox Tungsten Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Fox Tungsten'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.


Fox Tungsten Piotroski F-Score vs Metals & Mining Industry

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

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


FOXTF
25GF Score
Fox Tungsten Ltd FOXTF
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 (Jan26) TTM:Last Year (Jan25) TTM:
Net Income was 0.029 + 0.034 + 0.603 + -1.322 = $-0.66 Mil.
Cash Flow from Operations was -0.142 + -0.028 + -0.216 + -0.118 = $-0.50 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 (Jan25)
to the end of this year (Jan26) was
(9.877 + 10.128 + 10.43 + 13.567 + 14.321) / 5 = $11.6646 Mil.
Total Assets at the begining of this year (Jan25) was $9.88 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $3.56 Mil.
Total Current Liabilities was $0.24 Mil.
Net Income was -0.126 + -0.05 + -0.036 + -2.592 = $-2.80 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 (Jan24)
to the end of last year (Jan25) was
(13.764 + 13.526 + 13.51 + 13.597 + 9.877) / 5 = $12.8548 Mil.
Total Assets at the begining of last year (Jan24) was $13.76 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $1.03 Mil.
Total Current Liabilities was $0.08 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.

Fox Tungsten's current Net Income (TTM) was -0.66. ==> 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.

Fox Tungsten's current Cash Flow from Operations (TTM) was -0.50. ==> 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 (Jan25)
=-0.656/9.877
=-0.06641693

ROA (Last Year)=Net Income/Total Assets (Jan24)
=-2.804/13.764
=-0.20371985

Fox Tungsten's return on assets of this year was -0.06641693. Fox Tungsten's return on assets of last year was -0.20371985. ==> 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.

Fox Tungsten's current Net Income (TTM) was -0.66. Fox Tungsten's current Cash Flow from Operations (TTM) was -0.50. ==> -0.50 > -0.66 ==> 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: Jan26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan25 to Jan26
=0/11.6646
=0

Gearing (Last Year: Jan25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jan24 to Jan25
=0/12.8548
=0

Fox Tungsten's gearing of this year was 0. Fox Tungsten'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: Jan26)=Total Current Assets/Total Current Liabilities
=3.56/0.239
=14.89539749

Current Ratio (Last Year: Jan25)=Total Current Assets/Total Current Liabilities
=1.028/0.084
=12.23809524

Fox Tungsten's current ratio of this year was 14.89539749. Fox Tungsten's current ratio of last year was 12.23809524. ==> 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.

Fox Tungsten's number of shares in issue this year was 235.498. Fox Tungsten's number of shares in issue last year was 149.89. ==> 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
=

Fox Tungsten's gross margin of this year was . Fox Tungsten'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 (Jan25)
=0/9.877
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jan24)
=0/13.764
=0

Fox Tungsten's asset turnover of this year was 0. Fox Tungsten'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+1+1+1+1+0+0+0
=4

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

Fox Tungsten has an F-score of 4 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 4 mean?
Fox Tungsten (FOXTF) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Fox Tungsten and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Fox Tungsten's Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, Fox Tungsten ranks #545 out of 2510 companies in the Metals & Mining industry, placing it in the top 21.7%.
Is Fox Tungsten's Piotroski F-Score too high?
Fox Tungsten's current Piotroski F-Score of 4 is 33% above 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 4.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Fox Tungsten's value of 4 is 33.3% above this industry median. Based on the distribution chart, Fox Tungsten ranks #545 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fox Tungsten has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Fox Tungsten's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Fox Tungsten ranks #545 out of 2510 companies for Piotroski F-Score. This places Fox Tungsten in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Fox Tungsten's value of 4 is 33.3% above this benchmark. Historically, Fox Tungsten's own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Fox Tungsten 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 2,510 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. Fox Tungsten's current Piotroski F-Score of 4 is 33.3% 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 Fox Tungsten 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. Fox Tungsten's current Piotroski F-Score is 4, which is 33% above 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 Fox Tungsten stock overvalued right now?
Fox Tungsten (FOXTF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 33.3% above the Metals & Mining industry median of 3.00. Fox Tungsten's overall GF Score™ is 25/100. 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 Fox Tungsten (FOXTF), the current Piotroski F-Score is 4 as of Jun. 24, 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.

Fox Tungsten Business Description

Other Exchanges 1HC0:GermanyFOXT:Canada
Address 750 West Pender Street, Suite 1200, Vancouver, BC, CAN, V6C 2T8
Fox Tungsten Ltd is engaged in the exploration and development of mineral properties. The Company is focused on North America's high-grade tungsten projects, positioned in British Columbia's South Cariboo region. Its properties include the Cariboo Mineral Property and the Highland Valley Mineral Property.
25GF Score

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