Aura Minerals (HAM:A531) Piotroski F-Score: 7 (As of Jul. 24, 2026) — 17% Above Median

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HAM:A531 Aura Minerals Inc HAM:A531
62 GF Score
Price €48.86
GF Value €23.90
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Aura Minerals Piotroski F-Score?

Aura Minerals HAM:A531 +0.58% 62 Piotroski F-Score is 7 as of Jul. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HAM:A531 with a GF Score™ of 62/100 and a GF Value™ of €23.90 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,502 Metals & Mining companies, Aura Minerals ranks better than 95.52% 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

Aura Minerals 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 Aura Minerals's Piotroski F-Score or its related term are showing as below:

HAM:A531' 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 Aura Minerals was 8. The lowest was 3. And the median was 6.

Aura Minerals  (HAM:A531) 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.


Aura Minerals Piotroski F-Score Related Terms


Aura Minerals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Aura Minerals'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.

Aura Minerals Piotroski F-Score Chart

Aura Minerals 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 6.00 4.00 5.00 5.00 5.00

Aura Minerals 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 6.00 5.00 7.00

HAM:A531 vs HYMC, GROY, DC: Piotroski F-Score Comparison

For the Gold subindustry, Aura Minerals'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.


Aura Minerals Piotroski F-Score vs Metals & Mining Industry

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

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


HAM:A531
62GF Score
Aura Minerals Inc HAM:A531
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 7.063 + 4.793 + -16.964 + 82.312 = €77.2 Mil.
Cash Flow from Operations was 69.243 + 79.318 + 77.71 + 101.958 = €328.2 Mil.
Revenue was 165.108 + 211.153 + 274.698 + 330.954 = €981.9 Mil.
Gross Profit was 90.115 + 127.467 + 173.274 + 197.936 = €588.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1053.567 + 1010.855 + 1217.39 + 1374.083 + 1422.803) / 5 = €1215.7396 Mil.
Total Assets at the begining of this year (Mar25) was €1,053.6 Mil.
Long-Term Debt & Capital Lease Obligation was €272.4 Mil.
Total Current Assets was €446.5 Mil.
Total Current Liabilities was €455.0 Mil.
Net Income was -23.945 + -10.743 + 15.895 + -67.755 = €-86.5 Mil.

Revenue was 124.868 + 140.697 + 163.799 + 149.669 = €579.0 Mil.
Gross Profit was 47.665 + 65.035 + 77.45 + 72.546 = €262.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(845.791 + 819.361 + 860.457 + 1031.65 + 1053.567) / 5 = €922.1652 Mil.
Total Assets at the begining of last year (Mar24) was €845.8 Mil.
Long-Term Debt & Capital Lease Obligation was €347.7 Mil.
Total Current Assets was €308.5 Mil.
Total Current Liabilities was €262.6 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.

Aura Minerals's current Net Income (TTM) was 77.2. ==> 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.

Aura Minerals's current Cash Flow from Operations (TTM) was 328.2. ==> 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)
=77.204/1053.567
=0.07327868

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-86.548/845.791
=-0.10232788

Aura Minerals's return on assets of this year was 0.07327868. Aura Minerals's return on assets of last year was -0.10232788. ==> 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.

Aura Minerals's current Net Income (TTM) was 77.2. Aura Minerals's current Cash Flow from Operations (TTM) was 328.2. ==> 328.2 > 77.2 ==> 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
=272.399/1215.7396
=0.22406032

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=347.675/922.1652
=0.3770203

Aura Minerals's gearing of this year was 0.22406032. Aura Minerals's gearing of last year was 0.3770203. ==> 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
=446.464/454.988
=0.98126544

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=308.539/262.607
=1.17490775

Aura Minerals's current ratio of this year was 0.98126544. Aura Minerals's current ratio of last year was 1.17490775. ==> 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.

Aura Minerals's number of shares in issue this year was 84.544. Aura Minerals's number of shares in issue last year was 73.189. ==> 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
=588.792/981.913
=0.59963765

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=262.696/579.033
=0.45368053

Aura Minerals's gross margin of this year was 0.59963765. Aura Minerals's gross margin of last year was 0.45368053. ==> 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)
=981.913/1053.567
=0.93198914

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=579.033/845.791
=0.6846053

Aura Minerals's asset turnover of this year was 0.93198914. Aura Minerals's asset turnover of last year was 0.6846053. ==> 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

Aura Minerals 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?
Aura Minerals (HAM:A531) has a Piotroski F-Score of 7 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Aura Minerals and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Aura Minerals' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Aura Minerals ranks #112 out of 2502 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is Aura Minerals' Piotroski F-Score too high?
Aura Minerals' 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. Aura Minerals' value of 7 is 133.3% above this industry median. Based on the distribution chart, Aura Minerals ranks #112 out of 2502 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Aura Minerals has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aura Minerals' Piotroski F-Score compare to HYMC and GROY?
According to the Metals & Mining industry distribution chart, Aura Minerals ranks #112 out of 2502 companies for Piotroski F-Score. This places Aura Minerals in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Aura Minerals' value of 7 is 133.3% above this benchmark. Historically, Aura Minerals' 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, Aura Minerals 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 2,502 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. Aura Minerals'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 Aura Minerals 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. Aura Minerals'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 Aura Minerals stock overvalued right now?
Based on GuruFocus' analysis, Aura Minerals (HAM:A531) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.90, compared to a current price of €48.86 — trading 104.4% 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. Aura Minerals' overall GF Score™ is 62/100 with 3 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 Aura Minerals (HAM:A531), the current Piotroski F-Score is 7 as of Jul. 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.

Is Aura Minerals (HAM:A531) Overvalued in 2026?

Based on GuruFocus' analysis, Aura Minerals stock appears to be overvalued. The current stock price of €48.86 is trading 104.4% above its estimated GF Value™ of €23.90. GuruFocus considers Aura Minerals to be Significantly Overvalued.

Key valuation signals for HAM:A531:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €23.90 vs. price of €48.86 (104.4% above fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 133.3% above the Metals & Mining median (#112 of 2502)

No single metric tells the full story. See the HAM:A531 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aura Minerals Business Description

Other Exchanges AUGO:USAAURA33:Brazil
Address 255 Giralda Avenue, Suite 6W102, Coral Gables, FL, USA, 33134
Aura Minerals Inc is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's operating segments include: Minosa Mine, Apoena Mine, the Aranzazu Mine, Almas Mine, Borborema Mine and Serra Grande Mine. It derives maximum revenue from Aranzazu Mine. The company's growth projects include: Matupa in Brazil, and Era Dorada in Guatemala. whereas its exploration projects include: Carajas, in Brazil, and Tolda Fria in Colombia.
62GF Score

Get the complete analysis for HAM:A531

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

€48.86
Price
€23.90
GF Value