Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ferro-Alloy ResourcesFRA:5PE -2.70% Piotroski F-Score is 4 as of Jul. 29, 2026, which is at its 10-year median of 4.00. The stock has 6 warning signs investors should review. Among 2,501 Metals & Mining companies, Ferro-Alloy Resources ranks better than 78.17% 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
Ferro-Alloy Resources 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 Ferro-Alloy Resources's Piotroski F-Score or its related term are showing as below:
FRA:5PE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 4
During the past 12 years, the highest Piotroski F-Score of Ferro-Alloy Resources was 7. The lowest was 2. And the median was 4.
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.
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.
Ferro-Alloy Resources Piotroski F-Score Related Terms
Ferro-Alloy Resources Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Ferro-Alloy 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.
For the Other Industrial Metals & Mining subindustry, Ferro-Alloy 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.
Ferro-Alloy Resources Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ferro-Alloy Resources's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Ferro-Alloy Resources's Piotroski F-Score falls into.
* 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.
*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.
Ferro-Alloy Resources's current Net Income (TTM) was -7.19.
==> 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.
Ferro-Alloy Resources's current Cash Flow from Operations (TTM) was -0.73.
==> 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.
Ferro-Alloy Resources's return on assets of this year was -0.39060716. Ferro-Alloy Resources's return on assets of last year was -0.49057529.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Ferro-Alloy Resources's gearing of this year was 0.24876847. Ferro-Alloy Resources's gearing of last year was 0.89043071.
==> 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
Ferro-Alloy Resources's current ratio of this year was 0.30900428. Ferro-Alloy Resources's current ratio of last year was 2.83612335.
==> 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.
Ferro-Alloy Resources's number of shares in issue this year was 505.313. Ferro-Alloy Resources's number of shares in issue last year was 483.222.
==> 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.
Ferro-Alloy Resources's gross margin of this year was -0.3802016. Ferro-Alloy Resources's gross margin of last year was -0.59337017.
==> 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
Ferro-Alloy Resources's asset turnover of this year was 0.21030603. Ferro-Alloy Resources's asset turnover of last year was 0.2465134.
==> 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
+
0
+
0
+
1
+
0
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Ferro-Alloy Resources has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Ferro-Alloy Resources (FRA:5PE) has a Piotroski F-Score of 4 as of Jul. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ferro-Alloy Resources and its competitors. This is near median its historical median of 4.00. Over the past decade, Ferro-Alloy Resources' Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Ferro-Alloy Resources ranks #546 out of 2501 companies in the Metals & Mining industry, placing it in the top 21.8%.
Is Ferro-Alloy Resources' Piotroski F-Score too high?
Ferro-Alloy Resources' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Ferro-Alloy Resources' value of 4 is 33.3% above this industry median. Based on the distribution chart, Ferro-Alloy Resources ranks #546 out of 2501 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Ferro-Alloy Resources' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Ferro-Alloy Resources ranks #546 out of 2501 companies for Piotroski F-Score. This places Ferro-Alloy Resources in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Ferro-Alloy Resources' value of 4 is 33.3% above this benchmark. Historically, Ferro-Alloy Resources' own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Ferro-Alloy Resources 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 2,501 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. Ferro-Alloy Resources'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 Ferro-Alloy 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. Ferro-Alloy Resources's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferro-Alloy Resources stock overvalued right now?
Based on GuruFocus' analysis, Ferro-Alloy Resources (FRA:5PE) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.04, compared to a current price of €0.04 — trading 10% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% above 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 Ferro-Alloy Resources (FRA:5PE), the current Piotroski F-Score is 4 as of Jul. 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.
Ferro-Alloy Resources Ltd is engaged in developing and exploiting the Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of Southern Kazakhstan. The company has also converted the original pilot test-plant and developed to prove the metallurgical processes to use at the mine processing facility. The company segments are based on their nature of operations: processing, subsoil operations (being operations related to exploration and mining), and the corporate segment. It generates maximum revenue from the processing segment. The company derives its revenue from Kazakhstan.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:5PE has been successfully added to your 
