KTRIF (Kootenay Resources) Piotroski F-Score: 5 (As of Jul. 02, 2026) — 25% Above Median


What is Kootenay Resources Piotroski F-Score?

Kootenay Resources KTRIF -81.48% Piotroski F-Score is 5 as of Jul. 02, 2026, which is 25% above its 10-year median of 4.00. Among 2,507 Metals & Mining companies, Kootenay Resources ranks better than 85.88% 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

Kootenay Resources 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 Kootenay Resources's Piotroski F-Score or its related term are showing as below:

KTRIF' 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 Kootenay Resources was 5. The lowest was 3. And the median was 4.

Kootenay Resources  (OTCPK:KTRIF) 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.


Kootenay Resources Piotroski F-Score Related Terms


Kootenay Resources Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Kootenay 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.

Kootenay Resources Piotroski F-Score Chart

Kootenay Resources Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 3.00 4.00 4.00

Kootenay 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 3.00 3.00 3.00 4.00 5.00

KTRIF vs EXK: Piotroski F-Score Comparison

For the Silver subindustry, Kootenay 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.


Kootenay Resources Piotroski F-Score vs Metals & Mining Industry

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

* The bar in red indicates where Kootenay 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 -0.003 + -0.031 + -0.013 + 0.49 = $0.44 Mil.
Cash Flow from Operations was 0.012 + -0.009 + -0.053 + 0.448 = $0.40 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3.231 + 3.418 + 3.41 + 3.497 + 3.919) / 5 = $3.495 Mil.
Total Assets at the begining of this year (Mar25) was $3.23 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.79 Mil.
Total Current Liabilities was $0.13 Mil.
Net Income was -0.045 + -0.019 + -0.027 + -0.026 = $-0.12 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3.18 + 3.404 + 3.473 + 3.273 + 3.231) / 5 = $3.3122 Mil.
Total Assets at the begining of last year (Mar24) was $3.18 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.06 Mil.
Total Current Liabilities was $0.16 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.

Kootenay Resources's current Net Income (TTM) was 0.44. ==> 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.

Kootenay Resources's current Cash Flow from Operations (TTM) was 0.40. ==> 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)
=0.443/3.231
=0.13710925

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-0.117/3.18
=-0.03679245

Kootenay Resources's return on assets of this year was 0.13710925. Kootenay Resources's return on assets of last year was -0.03679245. ==> 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.

Kootenay Resources's current Net Income (TTM) was 0.44. Kootenay Resources's current Cash Flow from Operations (TTM) was 0.40. ==> 0.40 <= 0.44 ==> 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
=0/3.495
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/3.3122
=0

Kootenay Resources's gearing of this year was 0. Kootenay Resources'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
=0.791/0.13
=6.08461538

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=0.064/0.155
=0.41290323

Kootenay Resources's current ratio of this year was 6.08461538. Kootenay Resources's current ratio of last year was 0.41290323. ==> 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.

Kootenay Resources's number of shares in issue this year was 43.601. Kootenay Resources's number of shares in issue last year was 38.234. ==> 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
=0/0
=

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

Kootenay Resources's gross margin of this year was . Kootenay Resources's gross margin of last year was . ==> 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)
=0/3.231
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/3.18
=0

Kootenay Resources's asset turnover of this year was 0. Kootenay Resources's asset turnover of last year was 0. ==> 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+1+1+0+1+1+0+0+0
=5

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

Kootenay Resources 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?
Kootenay Resources (KTRIF) has a Piotroski F-Score of 5 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kootenay Resources and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Kootenay Resources' Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, Kootenay Resources ranks #354 out of 2507 companies in the Metals & Mining industry, placing it in the top 14.1%.
Is Kootenay Resources' Piotroski F-Score too high?
Kootenay Resources' 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. Kootenay Resources' value of 5 is 66.7% above this industry median. Based on the distribution chart, Kootenay Resources ranks #354 out of 2507 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Kootenay Resources' Piotroski F-Score compare to EXK?
According to the Metals & Mining industry distribution chart, Kootenay Resources ranks #354 out of 2507 companies for Piotroski F-Score. This places Kootenay Resources in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Kootenay Resources' value of 5 is 66.7% above this benchmark. Historically, Kootenay Resources' 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, Kootenay Resources 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 2,507 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. Kootenay Resources'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 Kootenay Resources 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. Kootenay Resources'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 Kootenay Resources stock overvalued right now?
Kootenay Resources (KTRIF) 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 Kootenay Resources (KTRIF), the current Piotroski F-Score is 5 as of Jul. 02, 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.

Kootenay Resources Business Description

Other Exchanges KTRI:Canada
Address 595 Howe Street, Suite 1125, Vancouver, BC, CAN, V6C 2T5
Kootenay Resources Inc is an exploration-stage mining company that is seeking to advance its Canadian Properties. It is focused on acquiring and exploring mineral properties principally located in Canada, to identify mineralized deposits economically worthy of subsequent development, mining, or sale. The company's project includes the Meachen Bend Project, Silver Fox, The Fox. the Moyie Anticline Project, and Walter the Water Buffalo Property.