Aris Mining (FRA:ZP1) Piotroski F-Score: 7 (As of Jun. 25, 2026) — 17% Above Median


FRA:ZP1 Aris Mining Corp FRA:ZP1
79 GF Score
Price €13.20
GF Value €7.15
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aris Mining Piotroski F-Score?

Aris Mining FRA:ZP1 -3.65% 79 Piotroski F-Score is 7 as of Jun. 25, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:ZP1 with a GF Score™ of 79/100 and a GF Value™ of €7.15 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,511 Metals & Mining companies, Aris Mining 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

Aris Mining 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 Aris Mining's Piotroski F-Score or its related term are showing as below:

FRA:ZP1' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Aris Mining was 8. The lowest was 3. And the median was 6.

Aris Mining  (FRA:ZP1) 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.


Aris Mining Piotroski F-Score Related Terms


Aris Mining Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aris Mining'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.

Aris Mining Piotroski F-Score Chart

Aris Mining 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 5.00 6.00 7.00

Aris Mining 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 7.00 6.00 8.00 7.00 7.00

FRA:ZP1 vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Aris Mining'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.


Aris Mining Piotroski F-Score vs Metals & Mining Industry

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

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


FRA:ZP1
79GF Score
Aris Mining Corp FRA:ZP1
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 -14.65 + 35.793 + 43.437 + 84.436 = €149.0 Mil.
Cash Flow from Operations was 70.85 + 90.073 + 118.515 + 137.371 = €416.8 Mil.
Revenue was 176.396 + 219.914 + 263.515 + 322.194 = €982.0 Mil.
Gross Profit was 84.578 + 111.581 + 142.952 + 187.73 = €526.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1923.633 + 0 + 2041.954 + 2140.961 + 2349.004) / 5 = €2113.888 Mil.
Total Assets at the begining of this year (Mar25) was €1,923.6 Mil.
Long-Term Debt & Capital Lease Obligation was €404.8 Mil.
Total Current Assets was €553.3 Mil.
Total Current Liabilities was €310.3 Mil.
Net Income was 5.307 + -1.869 + 20.71 + 2.19 = €26.3 Mil.

Revenue was 108.865 + 121.385 + 144.278 + 145.713 = €520.2 Mil.
Gross Profit was 29.829 + 38.257 + 55.731 + 59.495 = €183.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1245.005 + 1681.613 + 1647.858 + 1904.751 + 1923.633) / 5 = €1680.572 Mil.
Total Assets at the begining of last year (Mar24) was €1,245.0 Mil.
Long-Term Debt & Capital Lease Obligation was €457.3 Mil.
Total Current Assets was €332.7 Mil.
Total Current Liabilities was €158.2 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.

Aris Mining's current Net Income (TTM) was 149.0. ==> 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.

Aris Mining's current Cash Flow from Operations (TTM) was 416.8. ==> 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)
=149.016/1923.633
=0.07746592

ROA (Last Year)=Net Income/Total Assets (Mar24)
=26.338/1245.005
=0.02115494

Aris Mining's return on assets of this year was 0.07746592. Aris Mining's return on assets of last year was 0.02115494. ==> 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.

Aris Mining's current Net Income (TTM) was 149.0. Aris Mining's current Cash Flow from Operations (TTM) was 416.8. ==> 416.8 > 149.0 ==> 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
=404.771/2113.888
=0.19148176

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=457.326/1680.572
=0.2721252

Aris Mining's gearing of this year was 0.19148176. Aris Mining's gearing of last year was 0.2721252. ==> 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
=553.343/310.288
=1.78332066

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=332.684/158.2
=2.102933

Aris Mining's current ratio of this year was 1.78332066. Aris Mining's current ratio of last year was 2.102933. ==> 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.

Aris Mining's number of shares in issue this year was 209.099. Aris Mining's number of shares in issue last year was 172.299. ==> 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
=526.841/982.019
=0.53648758

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=183.312/520.241
=0.35235977

Aris Mining's gross margin of this year was 0.53648758. Aris Mining's gross margin of last year was 0.35235977. ==> 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)
=982.019/1923.633
=0.51050226

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=520.241/1245.005
=0.41786258

Aris Mining's asset turnover of this year was 0.51050226. Aris Mining's asset turnover of last year was 0.41786258. ==> 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+1+0+0+1+1
=7

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

Aris Mining 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?
Aris Mining (FRA:ZP1) has a Piotroski F-Score of 7 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aris Mining and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Aris Mining's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Aris Mining ranks #113 out of 2511 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is Aris Mining's Piotroski F-Score too high?
Aris Mining's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Aris Mining's value of 7 is 133.3% above this industry median. Based on the distribution chart, Aris Mining ranks #113 out of 2511 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Aris Mining has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aris Mining's Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Aris Mining ranks #113 out of 2511 companies for Piotroski F-Score. This places Aris Mining in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Aris Mining's value of 7 is 133.3% above this benchmark. Historically, Aris Mining's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Aris Mining 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 2,511 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. Aris Mining'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 Aris Mining 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. Aris Mining's current Piotroski F-Score is 7, which is 17% above 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 Aris Mining stock overvalued right now?
Based on GuruFocus' analysis, Aris Mining (FRA:ZP1) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.15, compared to a current price of €13.20 — trading 84.6% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 133.3% above the Metals & Mining industry median of 3.00. Aris Mining's overall GF Score™ is 79/100 with 4 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 Aris Mining (FRA:ZP1), the current Piotroski F-Score is 7 as of Jun. 25, 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 Aris Mining (FRA:ZP1) Overvalued in 2026?

Based on GuruFocus' analysis, Aris Mining stock appears to be overvalued. The current stock price of €13.20 is trading 84.6% above its estimated GF Value™ of €7.15. GuruFocus considers Aris Mining to be Significantly Overvalued.

Key valuation signals for FRA:ZP1:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €7.15 vs. price of €13.20 (84.6% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 133.3% above the Metals & Mining median (#113 of 2511)

No single metric tells the full story. See the FRA:ZP1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aris Mining Business Description

Address 1021 W Hastings Street, Suite 2400, Vancouver, BC, CAN, V6E 0C3
Aris Mining Corp is a Canadian gold mining company focused on South America. It is mainly engaged in the acquisition, exploration, development, and operation of gold properties in Colombia and Guyana. Aris Mining operates the Segovia and Marmato Mines and the Soto Norte Project in Colombia. Additionally, it owns the Toroparu Project in Guyana. The company considers its Segovia and Marmato Mines in Colombia, its Toroparu Project in Guyana, its Soto Norte Project in Colombia, and its corporate functions in Canada and other corporate entities as its reportable segments. The majority of its revenue is generated from operations at the Segovia mines in Colombia.
79GF Score

Get the complete analysis for FRA:ZP1

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

€13.20
Price
€7.15
GF Value