Mining Americas (FRA:PYC) Piotroski F-Score: 7 (As of Jul. 02, 2026) — 133% Above Median


FRA:PYC Mining Americas Inc FRA:PYC
50 GF Score
Price €3.07
GF Value €9.81
Valuation Possible Value Trap
! 2 Warning Signs
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What is Mining Americas Piotroski F-Score?

Mining Americas FRA:PYC 50 Piotroski F-Score is 7 as of Jul. 02, 2026, which is 133% above its 10-year median of 3.00. GuruFocus rates FRA:PYC with a GF Score™ of 50/100 and a GF Value™ of €9.81 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,509 Metals & Mining companies, Mining Americas ranks better than 95.5% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Mining Americas has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:PYC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Mining Americas was 7. The lowest was 1. And the median was 3.

Mining Americas  (FRA:PYC) 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.


Mining Americas Piotroski F-Score Related Terms


Mining Americas Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mining Americas'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.

Mining Americas Piotroski F-Score Chart

Mining Americas 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 1.00 6.00 2.00 3.00 5.00

Mining Americas 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 4.00 4.00 3.00 5.00 7.00

FRA:PYC vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Mining Americas'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.


Mining Americas Piotroski F-Score vs Metals & Mining Industry

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

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


FRA:PYC
50GF Score
Mining Americas Inc FRA:PYC
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 -1.031 + -4.32 + -1.003 + 9.394 = €3.04 Mil.
Cash Flow from Operations was -2.628 + -83.976 + 108.458 + 2.209 = €24.06 Mil.
Revenue was 1.993 + 0.623 + 27.237 + 33.901 = €63.75 Mil.
Gross Profit was -0.264 + -0.2 + 12.524 + 16.837 = €28.90 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(34.49 + 31.759 + 115.42 + 209.053 + 214.021) / 5 = €120.9486 Mil.
Total Assets at the begining of this year (Mar25) was €34.49 Mil.
Long-Term Debt & Capital Lease Obligation was €8.71 Mil.
Total Current Assets was €110.26 Mil.
Total Current Liabilities was €33.36 Mil.
Net Income was -4.771 + -8.506 + 1.925 + -21.272 = €-32.62 Mil.

Revenue was 1.017 + 0 + 3.134 + 2.238 = €6.39 Mil.
Gross Profit was 0.09 + -0.314 + 1.373 + 0.52 = €1.67 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(32.658 + 28.413 + 26.602 + 31.562 + 34.49) / 5 = €30.745 Mil.
Total Assets at the begining of last year (Mar24) was €32.66 Mil.
Long-Term Debt & Capital Lease Obligation was €0.05 Mil.
Total Current Assets was €14.93 Mil.
Total Current Liabilities was €8.93 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.

Mining Americas's current Net Income (TTM) was 3.04. ==> 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.

Mining Americas's current Cash Flow from Operations (TTM) was 24.06. ==> Positive ==> Score 1.

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)
=3.04/34.49
=0.08814149

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-32.624/32.658
=-0.99895891

Mining Americas's return on assets of this year was 0.08814149. Mining Americas's return on assets of last year was -0.99895891. ==> 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.

Mining Americas's current Net Income (TTM) was 3.04. Mining Americas's current Cash Flow from Operations (TTM) was 24.06. ==> 24.06 > 3.04 ==> 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
=8.711/120.9486
=0.07202233

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.047/30.745
=0.0015287

Mining Americas's gearing of this year was 0.07202233. Mining Americas's gearing of last year was 0.0015287. ==> 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
=110.255/33.359
=3.30510507

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=14.929/8.927
=1.67234233

Mining Americas's current ratio of this year was 3.30510507. Mining Americas's current ratio of last year was 1.67234233. ==> 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.

Mining Americas's number of shares in issue this year was 108.33. Mining Americas's number of shares in issue last year was 54.565. ==> 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
=28.897/63.754
=0.45325783

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.669/6.389
=0.26123024

Mining Americas's gross margin of this year was 0.45325783. Mining Americas's gross margin of last year was 0.26123024. ==> 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)
=63.754/34.49
=1.84847782

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6.389/32.658
=0.19563354

Mining Americas's asset turnover of this year was 1.84847782. Mining Americas's asset turnover of last year was 0.19563354. ==> 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+1+1+1+0+1+0+1+1
=7

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

Mining Americas has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Mining Americas (FRA:PYC) has a Piotroski F-Score of 7 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mining Americas and its competitors. This is 133% above median its historical median of 3.00. Over the past decade, Mining Americas' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Mining Americas ranks #113 out of 2509 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is Mining Americas' Piotroski F-Score too high?
Mining Americas' current Piotroski F-Score of 7 is 133% 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 7.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Mining Americas' value of 7 is 133.3% above this industry median. Based on the distribution chart, Mining Americas ranks #113 out of 2509 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Mining Americas has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mining Americas' Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Mining Americas ranks #113 out of 2509 companies for Piotroski F-Score. This places Mining Americas in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Mining Americas' value of 7 is 133.3% above this benchmark. Historically, Mining Americas' own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Mining Americas 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 2,509 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. Mining Americas's current Piotroski F-Score of 7 is 133.3% 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 Mining Americas 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. Mining Americas's current Piotroski F-Score is 7, which is 133% 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 Mining Americas stock overvalued right now?
Based on GuruFocus' analysis, Mining Americas (FRA:PYC) is currently considered Possible Value Trap. The stock's GF Value™ is €9.81, compared to a current price of €3.07 — trading 68.7% below its estimated fair value. The current Piotroski F-Score is 7, which is 133% above median its 10-year median of 3.00 and 133.3% above the Metals & Mining industry median of 3.00. Mining Americas' overall GF Score™ is 50/100 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 Mining Americas (FRA:PYC), the current Piotroski F-Score is 7 as of Jul. 02, 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 Mining Americas (FRA:PYC) Overvalued in 2026?

Based on GuruFocus' analysis, Mining Americas stock appears to be undervalued. The current stock price of €3.07 is trading 68.7% below its estimated GF Value™ of €9.81. GuruFocus considers Mining Americas to be Possible Value Trap.

Key valuation signals for FRA:PYC:

  • Piotroski F-Score: 7 (133% above median its 10-year median of 3.00)
  • GF Value™: €9.81 vs. price of €3.07 (68.7% below fair value)
  • GF Score™: 50/100 with 2 warning signs
  • Industry Position: 133.3% above the Metals & Mining median (#113 of 2509)

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


Mining Americas Business Description

Other Exchanges MAIFF:USAMAI:Canada
Address 55 York Street, Suite 402, Toronto, ON, CAN, M5J 1R7
Minera Alamos Inc is a junior mining and exploration company engaged directly and indirectly through its subsidiaries in the acquisition, exploration, and development of mineral properties located in Mexico. The Company operates in three business segment united States: producing and development assets located in Nevada and Arizona. Mexico: producing and development assets located in Sonora, Zacatecas, and Durango and Corporate: corporate administration, financing activities, and strategic oversight conducted in Canada.
50GF Score

Get the complete analysis for FRA:PYC

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

€3.07
Price
€9.81
GF Value