Halo Minerals (LSE:HALO) Piotroski F-Score: 4 (As of Jul. 15, 2026) — 100% Above Median

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LSE:HALO Halo Minerals PLC LSE:HALO
15 GF Score
Price £0.11
! 2 Warning Signs
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What is Halo Minerals Piotroski F-Score?

Halo Minerals LSE:HALO 15 Piotroski F-Score is 4 as of Jul. 15, 2026, which is 100% above its 10-year median of 2.00. GuruFocus rates LSE:HALO with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 2,508 Metals & Mining companies, Halo Minerals ranks better than 78.27% 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

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

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

During the past 13 years, the highest Piotroski F-Score of Halo Minerals was 4. The lowest was 2. And the median was 2.

Halo Minerals  (LSE:HALO) 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.


Halo Minerals Piotroski F-Score Related Terms


Halo Minerals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Halo 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.

Halo Minerals Piotroski F-Score Chart

Halo Minerals Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.00 3.00 3.00 4.00

Halo Minerals Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 3.00 0.00 4.00

LSE:HALO vs SCCO, FCX: Piotroski F-Score Comparison

For the Copper subindustry, Halo 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.


Halo Minerals Piotroski F-Score vs Metals & Mining Industry

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

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


LSE:HALO
15GF Score
Halo Minerals PLC LSE:HALO
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £-1.65 Mil.
Cash Flow from Operations was £-0.68 Mil.
Revenue was £0.00 Mil.
Gross Profit was £0.00 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (0.026 + 4.272) / 2 = £2.149 Mil.
Total Assets at the begining of this year (Dec24) was £0.03 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Total Current Assets was £0.49 Mil.
Total Current Liabilities was £0.82 Mil.
Net Income was £-0.49 Mil.

Revenue was £0.00 Mil.
Gross Profit was £0.00 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (0.002 + 0.026) / 2 = £0.014 Mil.
Total Assets at the begining of last year (Dec23) was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £0.50 Mil.
Total Current Assets was £0.03 Mil.
Total Current Liabilities was £0.69 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.

Halo Minerals's current Net Income (TTM) was -1.65. ==> 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.

Halo Minerals's current Cash Flow from Operations (TTM) was -0.68. ==> 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 (Dec24)
=-1.651/0.026
=-63.5

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-0.489/0.002
=-244.5

Halo Minerals's return on assets of this year was -63.5. Halo Minerals's return on assets of last year was -244.5. ==> 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.

Halo Minerals's current Net Income (TTM) was -1.65. Halo Minerals's current Cash Flow from Operations (TTM) was -0.68. ==> -0.68 > -1.65 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/2.149
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0.5/0.014
=35.71428571

Halo Minerals's gearing of this year was 0. Halo Minerals's gearing of last year was 35.71428571. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=0.486/0.817
=0.59485924

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=0.026/0.693
=0.03751804

Halo Minerals's current ratio of this year was 0.59485924. Halo Minerals's current ratio of last year was 0.03751804. ==> 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.

Halo Minerals's number of shares in issue this year was 110.745. Halo Minerals's number of shares in issue last year was 22.222. ==> 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
=

Halo Minerals's gross margin of this year was . Halo Minerals'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 (Dec24)
=0/0.026
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=0/0.002
=0

Halo Minerals's asset turnover of this year was 0. Halo Minerals'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
=0+0+1+1+1+1+0+0+0
=4

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

Halo Minerals 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?
Halo Minerals (LSE:HALO) has a Piotroski F-Score of 4 as of Jul. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Halo Minerals and its competitors. This is 100% above median its historical median of 2.00. Over the past decade, Halo Minerals' Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Halo Minerals ranks #545 out of 2508 companies in the Metals & Mining industry, placing it in the top 21.7%.
Is Halo Minerals' Piotroski F-Score too high?
Halo Minerals' current Piotroski F-Score of 4 is 100% above median its 10-year median of 2.00. 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. Halo Minerals' value of 4 is 33.3% above this industry median. Based on the distribution chart, Halo Minerals ranks #545 out of 2508 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Halo Minerals has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Halo Minerals' Piotroski F-Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Halo Minerals ranks #545 out of 2508 companies for Piotroski F-Score. This places Halo Minerals in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Halo Minerals' value of 4 is 33.3% above this benchmark. Historically, Halo Minerals' own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 3.00, Halo 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 2,508 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. Halo Minerals'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 Halo 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. Halo Minerals's current Piotroski F-Score is 4, which is 100% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halo Minerals stock overvalued right now?
Halo Minerals (LSE:HALO) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 100% above median its 10-year median of 2.00 and 33.3% above the Metals & Mining industry median of 3.00. Halo Minerals' overall GF Score™ is 15/100 with 2 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 Halo Minerals (LSE:HALO), the current Piotroski F-Score is 4 as of Jul. 15, 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.

Halo Minerals Business Description

Address C/O Orana Corporate LLP, 25 Eccleston Place, London, GBR, SW1W 9NF
Halo Minerals PLC is a UK-based mining company dedicated to the exploration, development, and production of battery metals, especially copper. It concentrates in regions rich in copper and other battery metals, specifically Latin America and Africa. The company operates the Playa Verde copper tailings project in the Atacama region of Chile.
15GF 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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