LNDMY (Lundin Mining) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 40% Above Median


LNDMY Lundin Mining Corp LNDMY
53 GF Score
Price $22.87
GF Value $13.52
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Lundin Mining Piotroski F-Score?

Lundin Mining LNDMY -8.52% 53 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates LNDMY with a GF Score™ of 53/100 and a GF Value™ of $13.52 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,510 Metals & Mining companies, Lundin Mining ranks better than 95.54% 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

Lundin Mining 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 Lundin Mining's Piotroski F-Score or its related term are showing as below:

LNDMY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Lundin Mining was 9. The lowest was 3. And the median was 5.

Lundin Mining  (OTCPK:LNDMY) 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.


Lundin Mining Piotroski F-Score Related Terms


Lundin Mining Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lundin Mining'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.

Lundin Mining Piotroski F-Score Chart

Lundin Mining 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 8.00 3.00 4.00 4.00 7.00

Lundin Mining 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 5.00 7.00 7.00 7.00

LNDMY vs SCCO, FCX: Piotroski F-Score Comparison

For the Copper subindustry, Lundin Mining'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.


Lundin Mining Piotroski F-Score vs Metals & Mining Industry

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

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


LNDMY
53GF Score
Lundin Mining Corp LNDMY
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 228.5 + 162.9 + 767.3 + 281.4 = $1,440 Mil.
Cash Flow from Operations was 334.6 + 270.3 + 560.9 + 491.9 = $1,658 Mil.
Revenue was 937.2 + 1007 + 1145.1 + 1158.8 = $4,248 Mil.
Gross Profit was 271.3 + 347.7 + 470.1 + 537.5 = $1,627 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(11379.147 + 9871.2 + 10031.1 + 10820.6 + 10977.5) / 5 = $10615.9094 Mil.
Total Assets at the begining of this year (Mar25) was $11,379 Mil.
Long-Term Debt & Capital Lease Obligation was $329 Mil.
Total Current Assets was $2,061 Mil.
Total Current Liabilities was $1,141 Mil.
Net Income was 121.6 + 101.2 + -440.1 + 124.3 = $-93 Mil.

Revenue was 878.3 + 873.1 + 706.4 + 919.6 = $3,377 Mil.
Gross Profit was 228.5 + 266.2 + 243.6 + 306.3 = $1,045 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(10911.882 + 10879.796 + 11077.657 + 10406.8 + 11379.147) / 5 = $10931.0564 Mil.
Total Assets at the begining of last year (Mar24) was $10,912 Mil.
Long-Term Debt & Capital Lease Obligation was $1,757 Mil.
Total Current Assets was $3,083 Mil.
Total Current Liabilities was $1,640 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.

Lundin Mining's current Net Income (TTM) was 1,440. ==> 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.

Lundin Mining's current Cash Flow from Operations (TTM) was 1,658. ==> 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)
=1440.1/11379.147
=0.12655606

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-93/10911.882
=-0.00852282

Lundin Mining's return on assets of this year was 0.12655606. Lundin Mining's return on assets of last year was -0.00852282. ==> 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.

Lundin Mining's current Net Income (TTM) was 1,440. Lundin Mining's current Cash Flow from Operations (TTM) was 1,658. ==> 1,658 > 1,440 ==> 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
=329.4/10615.9094
=0.0310289

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1757.011/10931.0564
=0.1607357

Lundin Mining's gearing of this year was 0.0310289. Lundin Mining's gearing of last year was 0.1607357. ==> 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
=2060.6/1141.4
=1.80532679

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3083.334/1640.488
=1.87952243

Lundin Mining's current ratio of this year was 1.80532679. Lundin Mining's current ratio of last year was 1.87952243. ==> 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.

Lundin Mining's number of shares in issue this year was 860.831. Lundin Mining's number of shares in issue last year was 854.28. ==> 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
=1626.6/4248.1
=0.38290059

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1044.6/3377.4
=0.30929117

Lundin Mining's gross margin of this year was 0.38290059. Lundin Mining's gross margin of last year was 0.30929117. ==> 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)
=4248.1/11379.147
=0.37332324

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3377.4/10911.882
=0.30951581

Lundin Mining's asset turnover of this year was 0.37332324. Lundin Mining's asset turnover of last year was 0.30951581. ==> 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

Lundin Mining 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?
Lundin Mining (LNDMY) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lundin Mining and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Lundin Mining's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Lundin Mining ranks #112 out of 2510 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is Lundin Mining's Piotroski F-Score too high?
Lundin Mining's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Lundin Mining's value of 7 is 133.3% above this industry median. Based on the distribution chart, Lundin Mining ranks #112 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Lundin Mining has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lundin Mining's Piotroski F-Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Lundin Mining ranks #112 out of 2510 companies for Piotroski F-Score. This places Lundin Mining in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Lundin Mining's value of 7 is 133.3% above this benchmark. Historically, Lundin Mining's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Lundin Mining 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 2,510 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. Lundin Mining'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 Lundin Mining 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. Lundin Mining's current Piotroski F-Score is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lundin Mining stock overvalued right now?
Based on GuruFocus' analysis, Lundin Mining (LNDMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.52, compared to a current price of $22.87 — trading 69.2% above its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 133.3% above the Metals & Mining industry median of 3.00. Lundin Mining's overall GF Score™ is 53/100 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 Lundin Mining (LNDMY), the current Piotroski F-Score is 7 as of Jun. 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 Lundin Mining (LNDMY) Overvalued in 2026?

Based on GuruFocus' analysis, Lundin Mining stock appears to be overvalued. The current stock price of $22.87 is trading 69.2% above its estimated GF Value™ of $13.52. GuruFocus considers Lundin Mining to be Significantly Overvalued.

Key valuation signals for LNDMY:

  • Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: $13.52 vs. price of $22.87 (69.2% above fair value)
  • GF Score™: 53/100 with 3 warning signs
  • Industry Position: 133.3% above the Metals & Mining median (#112 of 2510)

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


Lundin Mining Business Description

Address 1055 Dunsmuir Street, Suite 2800, Vancouver, BC, CAN, V7X 1L2
Lundin Mining Corp is adiversified Canadian base metals mining company primarily producing copper and gold with operations in Brazil, Chile, Portugal, Sweden, and the United States of America, producing copper, zinc, gold, and nickel. Its material mineral properties include Candelaria, Chapada, and Caserones. The majority of the revenue is from Copper.
53GF Score

Get the complete analysis for LNDMY

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

$22.87
Price
$13.52
GF Value