Jadestone Energy (LSE:JSE) Piotroski F-Score: 4 (As of Jun. 28, 2026) — 20% Below Median


LSE:JSE Jadestone Energy PLC LSE:JSE
35 GF Score
Price £0.27
GF Value £0.28
Valuation Fairly Valued
! 10 Warning Signs
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What is Jadestone Energy Piotroski F-Score?

Jadestone Energy LSE:JSE -1.44% 35 Piotroski F-Score is 4 as of Jun. 28, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates LSE:JSE with a GF Score™ of 35/100 and a GF Value™ of £0.28 (Fairly Valued). The stock has 10 warning signs investors should review. Among 976 Oil & Gas companies, Jadestone Energy ranks worse than 58.81% 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

Jadestone Energy 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 Jadestone Energy's Piotroski F-Score or its related term are showing as below:

LSE:JSE' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Jadestone Energy was 8. The lowest was 1. And the median was 5.

Jadestone Energy  (LSE:JSE) 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.


Jadestone Energy Piotroski F-Score Related Terms


Jadestone Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jadestone Energy'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.

Jadestone Energy Piotroski F-Score Chart

Jadestone Energy Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 1.00 4.00 4.00

Jadestone Energy Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 1.00 0.00 4.00 0.00 4.00

LSE:JSE vs COP, EOG, OXY: Piotroski F-Score Comparison

For the Oil & Gas E&P subindustry, Jadestone Energy'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.


Jadestone Energy Piotroski F-Score vs Oil & Gas Industry

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

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


LSE:JSE
35GF Score
Jadestone Energy PLC LSE:JSE
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was £-82.7 Mil.
Cash Flow from Operations was £68.3 Mil.
Revenue was £304.8 Mil.
Gross Profit was £59.1 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (860.264 + 699.243) / 2 = £779.7535 Mil.
Total Assets at the begining of this year (Dec24) was £860.3 Mil.
Long-Term Debt & Capital Lease Obligation was £55.2 Mil.
Total Current Assets was £142.3 Mil.
Total Current Liabilities was £152.0 Mil.
Net Income was £-34.9 Mil.

Revenue was £312.5 Mil.
Gross Profit was £13.2 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (860.416 + 860.264) / 2 = £860.34 Mil.
Total Assets at the begining of last year (Dec23) was £860.4 Mil.
Long-Term Debt & Capital Lease Obligation was £100.0 Mil.
Total Current Assets was £164.4 Mil.
Total Current Liabilities was £158.5 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.

Jadestone Energy's current Net Income (TTM) was -82.7. ==> 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.

Jadestone Energy's current Cash Flow from Operations (TTM) was 68.3. ==> 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 (Dec24)
=-82.728/860.264
=-0.09616583

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-34.916/860.416
=-0.04058037

Jadestone Energy's return on assets of this year was -0.09616583. Jadestone Energy's return on assets of last year was -0.04058037. ==> 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.

Jadestone Energy's current Net Income (TTM) was -82.7. Jadestone Energy's current Cash Flow from Operations (TTM) was 68.3. ==> 68.3 > -82.7 ==> 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
=55.184/779.7535
=0.07077108

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=100.033/860.34
=0.11627147

Jadestone Energy's gearing of this year was 0.07077108. Jadestone Energy's gearing of last year was 0.11627147. ==> 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
=142.303/152.009
=0.93614852

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=164.407/158.527
=1.03709147

Jadestone Energy's current ratio of this year was 0.93614852. Jadestone Energy's current ratio of last year was 1.03709147. ==> 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.

Jadestone Energy's number of shares in issue this year was 541.148. Jadestone Energy's number of shares in issue last year was 540.849. ==> 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
=59.084/304.821
=0.19383179

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=13.226/312.473
=0.04232686

Jadestone Energy's gross margin of this year was 0.19383179. Jadestone Energy's gross margin of last year was 0.04232686. ==> 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 (Dec24)
=304.821/860.264
=0.35433425

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=312.473/860.416
=0.36316503

Jadestone Energy's asset turnover of this year was 0.35433425. Jadestone Energy's asset turnover of last year was 0.36316503. ==> 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+1+0+1+1+0+0+1+0
=4

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

Jadestone Energy 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?
Jadestone Energy (LSE:JSE) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jadestone Energy and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Jadestone Energy's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Jadestone Energy ranks #574 out of 976 companies in the Oil & Gas industry, placing it in the top 58.8%.
Is Jadestone Energy's Piotroski F-Score too high?
Jadestone Energy's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Jadestone Energy's value of 4 is 20% below this industry median. Based on the distribution chart, Jadestone Energy ranks #574 out of 976 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Jadestone Energy has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jadestone Energy's Piotroski F-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Jadestone Energy ranks #574 out of 976 companies for Piotroski F-Score. This places Jadestone Energy in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Jadestone Energy's value of 4 is 20% below this benchmark. Historically, Jadestone Energy's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Jadestone Energy 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 976 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. Jadestone Energy'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 Jadestone Energy 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. Jadestone Energy's current Piotroski F-Score is 4, which is 20% below 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 Jadestone Energy stock overvalued right now?
Based on GuruFocus' analysis, Jadestone Energy (LSE:JSE) is currently considered Fairly Valued. The stock's GF Value™ is £0.28, compared to a current price of £0.27 — trading 2.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Oil & Gas industry median of 5.00. Jadestone Energy's overall GF Score™ is 35/100 with 10 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 Jadestone Energy (LSE:JSE), the current Piotroski F-Score is 4 as of Jun. 28, 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 Jadestone Energy (LSE:JSE) Overvalued in 2026?

Based on GuruFocus' analysis, Jadestone Energy stock appears to be undervalued. The current stock price of £0.27 is trading 2.1% below its estimated GF Value™ of £0.28. GuruFocus considers Jadestone Energy to be Fairly Valued.

Key valuation signals for LSE:JSE:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: £0.28 vs. price of £0.27 (2.1% below fair value)
  • GF Score™: 35/100 with 10 warning signs
  • Industry Position: 20% below the Oil & Gas median (#574 of 976)

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


Jadestone Energy Business Description

Industry EnergyOil & Gas
Other Exchanges 8KW:Germany
Address 3 Anson Road, No. 13-01 Springleaf Tower, Singapore, SGP, 079909
Jadestone Energy PLC is an independent oil and gas production and development company focused on the Asia-Pacific region. It owns interests in the Montara project and the Stag oilfield, offshore Western Australia. In addition, it holds exploration and pre-development assets in Vietnam and other parts of Southeast Asia and has executed agreements to acquire the Maari project, offshore New Zealand, and the Lemang PSC, onshore Sumatra, Indonesia. The geographic focus of the business is Australia followed by Southeast Asia.
35GF Score

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

£0.27
Price
£0.28
GF Value