Kinross GoldMEX:KGCN -18.54%83 Piotroski F-Score is 9 as of Jun. 25, 2026, which is 29% above its 10-year median of 7.00. GuruFocus rates MEX:KGCN with a GF Score™ of 83/100 and a GF Value™ of MXN282.64 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,510 Metals & Mining companies, Kinross Gold ranks better than 99.96% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Kinross Gold has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Kinross Gold's Piotroski F-Score or its related term are showing as below:
MEX:KGCN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 7 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Kinross Gold was 9. The lowest was 2. And the median was 7.
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.
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.
Kinross Gold Piotroski F-Score Related Terms
Kinross Gold Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kinross Gold'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.
MEX:KGCN vs NEM, AU, CDE: Piotroski F-Score Comparison
For the Gold subindustry, Kinross Gold'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.
Kinross Gold Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kinross Gold's Piotroski F-Score falls into.
* 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 9992.656 + 10729.523 + 16322.167 + 15201.566 = MXN52,246 Mil. Cash Flow from Operations was 18686.098 + 18786.295 + 20650.737 + 20548.262 = MXN78,671 Mil. Revenue was 32546.272 + 33058.083 + 36425.531 + 43417.332 = MXN145,447 Mil. Gross Profit was 16893.558 + 16841.81 + 22292.857 + 25994.137 = MXN82,022 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(224097.077 + 215846.651 + 222515.146 + 223470.543 + 232329.7) / 5 = MXN223651.8234 Mil. Total Assets at the begining of this year (Mar25) was MXN224,097 Mil. Long-Term Debt & Capital Lease Obligation was MXN13,317 Mil. Total Current Assets was MXN66,270 Mil. Total Current Liabilities was MXN23,316 Mil.
Net Income was 3863.71 + 6995.964 + 5747.831 + 7528.618 = MXN24,136 Mil.
Revenue was 22341.366 + 28196.51 + 29527.5 + 30636.155 = MXN110,702 Mil. Gross Profit was 7100.872 + 12712.058 + 11412.239 + 13551.512 = MXN44,777 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(175138.619 + 194911.24 + 211836.124 + 226609.694 + 224097.077) / 5 = MXN206518.5508 Mil. Total Assets at the begining of last year (Mar24) was MXN175,139 Mil. Long-Term Debt & Capital Lease Obligation was MXN25,284 Mil. Total Current Assets was MXN45,888 Mil. Total Current Liabilities was MXN16,229 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.
Kinross Gold's current Net Income (TTM) was 52,246.
==> 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.
Kinross Gold's return on assets of this year was 0.23313964. Kinross Gold's return on assets of last year was 0.13781154.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kinross Gold's gearing of this year was 0.05954411. Kinross Gold's gearing of last year was 0.12243108.
==> 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
Kinross Gold's current ratio of this year was 2.84222741. Kinross Gold's current ratio of last year was 2.82742976.
==> 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.
Kinross Gold's number of shares in issue this year was 1204.115. Kinross Gold's number of shares in issue last year was 1234.417.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Kinross Gold's gross margin of this year was 0.56393215. Kinross Gold's gross margin of last year was 0.40448114.
==> 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
Kinross Gold's asset turnover of this year was 0.64903666. Kinross Gold's asset turnover of last year was 0.6320795.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kinross Gold has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Kinross Gold (MEX:KGCN) has a Piotroski F-Score of 9 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kinross Gold and its competitors. This is 29% above median its historical median of 7.00. Over the past decade, Kinross Gold's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Kinross Gold ranks #1 out of 2510 companies in the Metals & Mining industry, placing it in the top 0%.
Is Kinross Gold's Piotroski F-Score too high?
Kinross Gold's current Piotroski F-Score of 9 is 29% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Kinross Gold's value of 9 is 200% above this industry median. Based on the distribution chart, Kinross Gold ranks #1 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #1 out of 2510 companies for Piotroski F-Score. This places Kinross Gold in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Kinross Gold's value of 9 is 200% above this benchmark. Historically, Kinross Gold's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 3.00, Kinross Gold 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. Kinross Gold's current Piotroski F-Score of 9 is 200% 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 Kinross Gold 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. Kinross Gold's current Piotroski F-Score is 9, which is 29% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (MEX:KGCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN282.64, compared to a current price of MXN413.00 — trading 46.1% above its estimated fair value. The current Piotroski F-Score is 9, which is 29% above median its 10-year median of 7.00 and 200% above the Metals & Mining industry median of 3.00. Kinross Gold's overall GF Score™ is 83/100 with 1 warning sign 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 Kinross Gold (MEX:KGCN), the current Piotroski F-Score is 9 as of Jun. 25, 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 Kinross Gold (MEX:KGCN) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of MXN413.00 is trading 46.1% above its estimated GF Value™ of MXN282.64.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for MEX:KGCN:
Piotroski F-Score: 9 (29% above median its 10-year median of 7.00)
GF Value™: MXN282.64 vs. price of MXN413.00 (46.1% above fair value)
Industry Position: 200% above the Metals & Mining median (#1 of 2510)
No single metric tells the full story. See the MEX:KGCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score
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