JAMGF (Tuktu Resources) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 33% Above Median


What is Tuktu Resources Piotroski F-Score?

Tuktu Resources JAMGF Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% above its 10-year median of 3.00. The stock has 2 warning signs investors should review. Among 974 Oil & Gas companies, Tuktu Resources ranks worse than 58.73% 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

Tuktu Resources has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

JAMGF' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 7
Current: 4

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

Tuktu Resources  (OTCPK:JAMGF) 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.


Tuktu Resources Piotroski F-Score Related Terms


Tuktu Resources Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Tuktu Resources'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.

Tuktu Resources Piotroski F-Score Chart

Tuktu Resources 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 3.00 3.00

Tuktu Resources 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 2.00 6.00 7.00 3.00 4.00

JAMGF vs COP, EOG, OXY: Piotroski F-Score Comparison

For the Oil & Gas E&P subindustry, Tuktu Resources'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.


Tuktu Resources Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tuktu Resources's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Tuktu Resources'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 -0.052 + -0.962 + -3.59 + -1.879 = $-6.48 Mil.
Cash Flow from Operations was -0.315 + -0.011 + -0.565 + -0.214 = $-1.11 Mil.
Revenue was 1.784 + 1.225 + 1.167 + 1.05 = $5.23 Mil.
Gross Profit was 0.815 + 0.55 + 0.575 + 0.66 = $2.60 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(17.711 + 16.255 + 15.316 + 10.81 + 9.128) / 5 = $13.844 Mil.
Total Assets at the begining of this year (Mar25) was $17.71 Mil.
Long-Term Debt & Capital Lease Obligation was $0.18 Mil.
Total Current Assets was $2.02 Mil.
Total Current Liabilities was $2.14 Mil.
Net Income was -0.724 + -1.392 + 0.279 + -0.508 = $-2.35 Mil.

Revenue was 0.455 + 1.856 + 1.712 + 2.281 = $6.30 Mil.
Gross Profit was -0.055 + 0.595 + 0.888 + 1.048 = $2.48 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6.65 + 10.451 + 10.793 + 15.89 + 17.711) / 5 = $12.299 Mil.
Total Assets at the begining of last year (Mar24) was $6.65 Mil.
Long-Term Debt & Capital Lease Obligation was $0.40 Mil.
Total Current Assets was $5.80 Mil.
Total Current Liabilities was $3.93 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.

Tuktu Resources's current Net Income (TTM) was -6.48. ==> 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.

Tuktu Resources's current Cash Flow from Operations (TTM) was -1.11. ==> 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)
=-6.483/17.711
=-0.3660437

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-2.345/6.65
=-0.35263158

Tuktu Resources's return on assets of this year was -0.3660437. Tuktu Resources's return on assets of last year was -0.35263158. ==> Last year is higher ==> Score 0.

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.

Tuktu Resources's current Net Income (TTM) was -6.48. Tuktu Resources's current Cash Flow from Operations (TTM) was -1.11. ==> -1.11 > -6.48 ==> 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
=0.175/13.844
=0.01264086

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.402/12.299
=0.03268558

Tuktu Resources's gearing of this year was 0.01264086. Tuktu Resources's gearing of last year was 0.03268558. ==> 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
=2.023/2.144
=0.94356343

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5.804/3.931
=1.47646909

Tuktu Resources's current ratio of this year was 0.94356343. Tuktu Resources's current ratio of last year was 1.47646909. ==> 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.

Tuktu Resources's number of shares in issue this year was 265.564. Tuktu Resources's number of shares in issue last year was 262.931. ==> 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
=2.6/5.226
=0.49751244

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.476/6.304
=0.3927665

Tuktu Resources's gross margin of this year was 0.49751244. Tuktu Resources's gross margin of last year was 0.3927665. ==> 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)
=5.226/17.711
=0.29507086

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6.304/6.65
=0.94796992

Tuktu Resources's asset turnover of this year was 0.29507086. Tuktu Resources's asset turnover of last year was 0.94796992. ==> 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
=0+0+0+1+1+0+0+1+0
=3

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

Tuktu Resources has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Tuktu Resources (JAMGF) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tuktu Resources and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Tuktu Resources' Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Tuktu Resources ranks #572 out of 974 companies in the Oil & Gas industry, placing it in the top 58.7%.
Is Tuktu Resources' Piotroski F-Score too high?
Tuktu Resources' 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 1.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Tuktu Resources' value of 4 is 20% below this industry median. Based on the distribution chart, Tuktu Resources ranks #572 out of 974 companies in the Oil & Gas industry, which is below the industry midpoint.
How does Tuktu Resources' Piotroski F-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tuktu Resources ranks #572 out of 974 companies for Piotroski F-Score. This places Tuktu Resources in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Tuktu Resources' value of 4 is 20% below this benchmark. Historically, Tuktu Resources' 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 5.00, Tuktu Resources has consistently been below 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 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. Tuktu Resources's current Piotroski F-Score of 4 is 20% below 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 Tuktu Resources and its competitors. For the Oil & Gas industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tuktu Resources'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 Tuktu Resources stock overvalued right now?
Based on GuruFocus' analysis, Tuktu Resources (JAMGF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.06, compared to a current price of $0.01 — trading 85% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Oil & Gas industry median of 5.00. 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 Tuktu Resources (JAMGF), the current Piotroski F-Score is 4 as of Jun. 26, 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.

Tuktu Resources Business Description

Industry EnergyOil & Gas
Other Exchanges TUK:Canada
Address 960, 630 - 6th Avenue SW, Calgary, AB, CAN, T2P 0S8
Tuktu Resources Ltd is engaged in the business of oil and natural gas exploration, development, and production. It has gathered a block of developed and undeveloped land harboring at least three light oil targets, an extensive fractured sweet gas reservoir, and a fractured light oil reservoir at the edge of the foothills belt in Southwestern Alberta Deep Basin & Foothills region for its oil and natural gas exploration operations.