IBATF (International Battery Metals) Piotroski F-Score: 4 (As of Jun. 25, 2026) — 33% Above Median


IBATF International Battery Metals Ltd IBATF
33 GF Score
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What is International Battery Metals Piotroski F-Score?

International Battery Metals IBATF 33 Piotroski F-Score is 4 as of Jun. 25, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates IBATF with a GF Score™ of 33/100. The stock has 4 warning signs investors should review. Among 2,511 Metals & Mining companies, International Battery Metals ranks better than 78.22% 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

International Battery Metals 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 International Battery Metals's Piotroski F-Score or its related term are showing as below:

IBATF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 4

During the past 13 years, the highest Piotroski F-Score of International Battery Metals was 4. The lowest was 2. And the median was 3.

International Battery Metals  (OTCPK:IBATF) 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.


International Battery Metals Piotroski F-Score Related Terms


International Battery Metals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for International Battery Metals'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.

International Battery Metals Piotroski F-Score Chart

International Battery Metals Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 3.00 4.00 4.00 4.00

International Battery Metals Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 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 1.00 4.00 4.00

International Battery Metals Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, International Battery Metals'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.


International Battery Metals Piotroski F-Score vs Metals & Mining Industry

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

* The bar in red indicates where International Battery Metals's Piotroski F-Score falls into.


IBATF
33GF Score
International Battery Metals Ltd IBATF
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 1.685 + 2.978 + 0.754 + -5.298 = $0.12 Mil.
Cash Flow from Operations was -3.334 + -2.427 + -2.157 + -1.749 = $-9.67 Mil.
Revenue was 0.007 + 0.064 + 0.03 + 0.063 = $0.16 Mil.
Gross Profit was -0.761 + -0.72 + 0.008 + 0.063 = $-1.41 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(44.478 + 40.385 + 42.118 + 40.936 + 39.762) / 5 = $41.5358 Mil.
Total Assets at the begining of this year (Mar25) was $44.48 Mil.
Long-Term Debt & Capital Lease Obligation was $0.04 Mil.
Total Current Assets was $10.59 Mil.
Total Current Liabilities was $1.39 Mil.
Net Income was -9.658 + 16.717 + -10.909 + 0.33 = $-3.52 Mil.

Revenue was 0.246 + 0.639 + -0.004 + -0.01 = $0.87 Mil.
Gross Profit was -0.435 + -0.665 + -0.004 + -0.01 = $-1.11 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(34.684 + 46.544 + 43.551 + 38.718 + 44.478) / 5 = $41.595 Mil.
Total Assets at the begining of last year (Mar24) was $34.68 Mil.
Long-Term Debt & Capital Lease Obligation was $0.14 Mil.
Total Current Assets was $12.53 Mil.
Total Current Liabilities was $2.59 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.

International Battery Metals's current Net Income (TTM) was 0.12. ==> 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.

International Battery Metals's current Cash Flow from Operations (TTM) was -9.67. ==> 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)
=0.119/44.478
=0.00267548

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-3.52/34.684
=-0.10148772

International Battery Metals's return on assets of this year was 0.00267548. International Battery Metals's return on assets of last year was -0.10148772. ==> 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.

International Battery Metals's current Net Income (TTM) was 0.12. International Battery Metals's current Cash Flow from Operations (TTM) was -9.67. ==> -9.67 <= 0.12 ==> CFROA <= ROA ==> Score 0.

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
=0.044/41.5358
=0.00105933

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.143/41.595
=0.00343791

International Battery Metals's gearing of this year was 0.00105933. International Battery Metals's gearing of last year was 0.00343791. ==> 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
=10.589/1.386
=7.63997114

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=12.53/2.594
=4.83037779

International Battery Metals's current ratio of this year was 7.63997114. International Battery Metals's current ratio of last year was 4.83037779. ==> 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.

International Battery Metals's number of shares in issue this year was 333.097. International Battery Metals's number of shares in issue last year was 242.826. ==> 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
=-1.41/0.164
=-8.59756098

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-1.114/0.871
=-1.27898967

International Battery Metals's gross margin of this year was -8.59756098. International Battery Metals's gross margin of last year was -1.27898967. ==> Last year's gross margin is higher ==> Score 0.

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)
=0.164/44.478
=0.00368722

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.871/34.684
=0.02511244

International Battery Metals's asset turnover of this year was 0.00368722. International Battery Metals's asset turnover of last year was 0.02511244. ==> 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
=1+0+1+0+1+1+0+0+0
=4

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

International Battery Metals has an F-score of 4 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 4 mean?
International Battery Metals (IBATF) has a Piotroski F-Score of 4 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on International Battery Metals and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, International Battery Metals' Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, International Battery Metals ranks #547 out of 2511 companies in the Metals & Mining industry, placing it in the top 21.8%.
Is International Battery Metals' Piotroski F-Score too high?
International Battery Metals' current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Metals & Mining industry median Piotroski F-Score is 3.00. International Battery Metals' value of 4 is 33.3% above this industry median. Based on the distribution chart, International Battery Metals ranks #547 out of 2511 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, International Battery Metals has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does International Battery Metals' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, International Battery Metals ranks #547 out of 2511 companies for Piotroski F-Score. This places International Battery Metals in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. International Battery Metals' value of 4 is 33.3% above this benchmark. Historically, International Battery Metals' own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, International Battery Metals 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. International Battery Metals'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 International Battery Metals 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. International Battery Metals's current Piotroski F-Score is 4, which is 33% 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 International Battery Metals stock overvalued right now?
International Battery Metals (IBATF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 33.3% above the Metals & Mining industry median of 3.00. International Battery Metals' overall GF Score™ is 33/100 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 International Battery Metals (IBATF), the current Piotroski F-Score is 4 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.

International Battery Metals Business Description

Other Exchanges 8RE:GermanyIBAT:Canada
Address 666 Burard Street, 2500 Park Place, Vancouver, BC, CAN, V6C 2X8
International Battery Metals Ltd is a technology and manufacturing company focused on environmentally responsible methods of extracting lithium compounds from brine. Its current operations consist of the development of the MDLE Plant, which can be rapidly deployed and assembled onsite at a customer's property. The MDLE Plant is designed to process brine solutions to extract lithium chloride, which can be further processed into lithium carbonate and used for industrial purposes or as a battery component. Geographically, it carries out all its operations in the United States.
33GF Score

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

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