GRDAF (Grounded Lithium) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 25% Above Median


What is Grounded Lithium Piotroski F-Score?

Grounded Lithium GRDAF +3.49% Piotroski F-Score is 5 as of Jun. 28, 2026, which is 25% above its 10-year median of 4.00. The stock has 1 warning sign investors should review. Among 2,508 Metals & Mining companies, Grounded Lithium ranks better than 85.93% 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

Grounded Lithium has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

GRDAF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of Grounded Lithium was 5. The lowest was 3. And the median was 4.

Grounded Lithium  (OTCPK:GRDAF) 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.


Grounded Lithium Piotroski F-Score Related Terms


Grounded Lithium Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Grounded Lithium'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.

Grounded Lithium Piotroski F-Score Chart

Grounded Lithium Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 3.00 4.00 5.00

Grounded Lithium 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 3.00 5.00 5.00 5.00 5.00

Grounded Lithium Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Grounded Lithium'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.


Grounded Lithium Piotroski F-Score vs Metals & Mining Industry

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

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


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 -0.075 + -0.061 + -0.105 + -0.047 = $-0.29 Mil.
Cash Flow from Operations was -0.034 + -0.022 + -0.033 + -0.016 = $-0.11 Mil.
Revenue was 0.009 + 0 + 0 + 0 = $0.01 Mil.
Gross Profit was 0.007 + -0.002 + -0.002 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1.761 + 1.888 + 1.73 + 1.693 + 2.413) / 5 = $1.897 Mil.
Total Assets at the begining of this year (Mar25) was $1.76 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.89 Mil.
Total Current Liabilities was $0.91 Mil.
Net Income was -0.177 + -0.135 + -0.099 + 0.021 = $-0.39 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was -0.024 + -0.006 + -0.003 + -0.002 = $-0.04 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2.123 + 1.942 + 1.876 + 2.045 + 1.761) / 5 = $1.9494 Mil.
Total Assets at the begining of last year (Mar24) was $2.12 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.31 Mil.
Total Current Liabilities was $0.18 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.

Grounded Lithium's current Net Income (TTM) was -0.29. ==> 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.

Grounded Lithium's current Cash Flow from Operations (TTM) was -0.11. ==> 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)
=-0.288/1.761
=-0.16354344

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.39/2.123
=-0.18370231

Grounded Lithium's return on assets of this year was -0.16354344. Grounded Lithium's return on assets of last year was -0.18370231. ==> 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.

Grounded Lithium's current Net Income (TTM) was -0.29. Grounded Lithium's current Cash Flow from Operations (TTM) was -0.11. ==> -0.11 > -0.29 ==> 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
=0/1.897
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/1.9494
=0

Grounded Lithium's gearing of this year was 0. Grounded Lithium'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: Mar26)=Total Current Assets/Total Current Liabilities
=0.891/0.913
=0.97590361

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=0.306/0.184
=1.66304348

Grounded Lithium's current ratio of this year was 0.97590361. Grounded Lithium's current ratio of last year was 1.66304348. ==> 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.

Grounded Lithium's number of shares in issue this year was 79.678. Grounded Lithium's number of shares in issue last year was 78.371. ==> 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
=0.003/0.009
=0.33333333

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.035/0
=

Grounded Lithium's gross margin of this year was 0.33333333. Grounded Lithium's gross margin of last year was . ==> 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)
=0.009/1.761
=0.00511073

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/2.123
=0

Grounded Lithium's asset turnover of this year was 0.00511073. Grounded Lithium's asset turnover of last year was 0. ==> 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
=0+0+1+1+1+0+0+1+1
=5

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

Grounded Lithium has an F-score of 5 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 5 mean?
Grounded Lithium (GRDAF) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grounded Lithium and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Grounded Lithium's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, Grounded Lithium ranks #353 out of 2508 companies in the Metals & Mining industry, placing it in the top 14.1%.
Is Grounded Lithium's Piotroski F-Score too high?
Grounded Lithium's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Grounded Lithium's value of 5 is 66.7% above this industry median. Based on the distribution chart, Grounded Lithium ranks #353 out of 2508 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Grounded Lithium's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Grounded Lithium ranks #353 out of 2508 companies for Piotroski F-Score. This places Grounded Lithium in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Grounded Lithium's value of 5 is 66.7% above this benchmark. Historically, Grounded Lithium's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Grounded Lithium 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 2,508 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. Grounded Lithium's current Piotroski F-Score of 5 is 66.7% 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 Grounded Lithium 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. Grounded Lithium's current Piotroski F-Score is 5, which is 25% above 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 Grounded Lithium stock overvalued right now?
Grounded Lithium (GRDAF) has a current Piotroski F-Score of 5. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 66.7% 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 Grounded Lithium (GRDAF), the current Piotroski F-Score is 5 as of Jun. 28, 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.

Grounded Lithium Business Description

Other Exchanges GRD:Canada
Address 400-5th Avenue SW, Suite 500, Calgary, AB, CAN, T2P 0L6
Grounded Lithium Corp is a lithium resource company. The Companies principal business is the acquiring, exploring and developing of mineral properties in Canada, with a specific focus on lithium. The development of these assets includes processes to purify and recover lithium metal directly from brine liquids.