Technology Minerals (LSE:TM1) Piotroski F-Score: 4 (As of Jun. 26, 2026) — Near Median


What is Technology Minerals Piotroski F-Score?

Technology Minerals LSE:TM1 Piotroski F-Score is 4 as of Jun. 26, 2026, which is at its 10-year median of 4.00. The stock has 5 warning signs investors should review. Among 2,512 Metals & Mining companies, Technology Minerals ranks better than 78.22% 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

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

LSE:TM1' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 4
Current: 4

During the past 5 years, the highest Piotroski F-Score of Technology Minerals was 4. The lowest was 2. And the median was 4.

Technology Minerals  (LSE:TM1) 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.


Technology Minerals Piotroski F-Score Related Terms


Technology Minerals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Technology 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.

Technology Minerals Piotroski F-Score Chart

Technology Minerals Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A 2.00 4.00 4.00

Technology Minerals Semi-Annual Data
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 0.00 4.00 0.00 4.00 0.00

Technology Minerals Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Technology 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.


Technology Minerals Piotroski F-Score vs Metals & Mining Industry

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

* The bar in red indicates where Technology Minerals'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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was £-12.64 Mil.
Cash Flow from Operations was £-1.62 Mil.
Revenue was £1.50 Mil.
Gross Profit was £1.14 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (21.609 + 12.119) / 2 = £16.864 Mil.
Total Assets at the begining of this year (Jun24) was £21.61 Mil.
Long-Term Debt & Capital Lease Obligation was £0.73 Mil.
Total Current Assets was £0.96 Mil.
Total Current Liabilities was £11.17 Mil.
Net Income was £-6.29 Mil.

Revenue was £0.55 Mil.
Gross Profit was £0.31 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (22.152 + 21.609) / 2 = £21.8805 Mil.
Total Assets at the begining of last year (Jun23) was £22.15 Mil.
Long-Term Debt & Capital Lease Obligation was £2.72 Mil.
Total Current Assets was £1.81 Mil.
Total Current Liabilities was £6.48 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.

Technology Minerals's current Net Income (TTM) was -12.64. ==> 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.

Technology Minerals's current Cash Flow from Operations (TTM) was -1.62. ==> 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 (Jun24)
=-12.644/21.609
=-0.58512657

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-6.292/22.152
=-0.28403756

Technology Minerals's return on assets of this year was -0.58512657. Technology Minerals's return on assets of last year was -0.28403756. ==> 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.

Technology Minerals's current Net Income (TTM) was -12.64. Technology Minerals's current Cash Flow from Operations (TTM) was -1.62. ==> -1.62 > -12.64 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0.728/16.864
=0.04316888

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=2.723/21.8805
=0.12444871

Technology Minerals's gearing of this year was 0.04316888. Technology Minerals's gearing of last year was 0.12444871. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=0.96/11.173
=0.08592142

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=1.81/6.481
=0.27927789

Technology Minerals's current ratio of this year was 0.08592142. Technology Minerals's current ratio of last year was 0.27927789. ==> 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.

Technology Minerals's number of shares in issue this year was 2084.2. Technology Minerals's number of shares in issue last year was 1527.519. ==> 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
=1.141/1.499
=0.76117412

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.305/0.547
=0.55758684

Technology Minerals's gross margin of this year was 0.76117412. Technology Minerals's gross margin of last year was 0.55758684. ==> 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 (Jun24)
=1.499/21.609
=0.06936924

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=0.547/22.152
=0.02469303

Technology Minerals's asset turnover of this year was 0.06936924. Technology Minerals's asset turnover of last year was 0.02469303. ==> 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
=0+0+0+1+1+0+0+1+1
=4

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

Technology 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?
Technology Minerals (LSE:TM1) 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 Technology Minerals and its competitors. This is near median its historical median of 4.00. Over the past decade, Technology Minerals' Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Technology Minerals ranks #547 out of 2512 companies in the Metals & Mining industry, placing it in the top 21.8%.
Is Technology Minerals' Piotroski F-Score too high?
Technology Minerals' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. 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. Technology Minerals' value of 4 is 33.3% above this industry median. Based on the distribution chart, Technology Minerals ranks #547 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Technology Minerals' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Technology Minerals ranks #547 out of 2512 companies for Piotroski F-Score. This places Technology Minerals in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Technology Minerals' value of 4 is 33.3% above this benchmark. Historically, Technology 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 4.00 vs. the industry median of 3.00, Technology 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 2,512 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. Technology 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 Technology 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. Technology Minerals's current Piotroski F-Score is 4, which is near 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 Technology Minerals stock overvalued right now?
Technology Minerals (LSE:TM1) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% 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 Technology Minerals (LSE:TM1), 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.

Technology Minerals Business Description

Address 18 Savile Row, London, GBR, W1S 3PW
Technology Minerals PLC is a London-based mineral exploration company focused on the exploration of mineral resource projects in Ireland (Li project), Spain (Cu-Co-Ni project), Cameroon (Ni-Co project), and three projects in the USA (Cu-Co, Co, and Ni-Co-Cu projects, respectively). The company's segments include: Mineral Exploration; Battery Recycling; and Others. It derives revenue from Battery Recycling.