Sibanye Stillwater (MEX:SBSWN) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 17% Above Median


MEX:SBSWN Sibanye Stillwater Ltd MEX:SBSWN
64 GF Score
Price MXN201.50
GF Value MXN172.28
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Sibanye Stillwater Piotroski F-Score?

Sibanye Stillwater MEX:SBSWN 64 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates MEX:SBSWN with a GF Score™ of 64/100 and a GF Value™ of MXN172.28 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,510 Metals & Mining companies, Sibanye Stillwater 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

Sibanye Stillwater has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Sibanye Stillwater's Piotroski F-Score or its related term are showing as below:

MEX:SBSWN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Sibanye Stillwater was 8. The lowest was 3. And the median was 6.

Sibanye Stillwater  (MEX:SBSWN) 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.


Sibanye Stillwater Piotroski F-Score Related Terms


Sibanye Stillwater Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sibanye Stillwater'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.

Sibanye Stillwater Piotroski F-Score Chart

Sibanye Stillwater 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 6.00 3.00 3.00 6.00 7.00

Sibanye Stillwater Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 3.00 0.00 6.00 0.00 7.00

MEX:SBSWN vs HL: Piotroski F-Score Comparison

For the Other Precious Metals & Mining subindustry, Sibanye Stillwater'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.


Sibanye Stillwater Piotroski F-Score vs Metals & Mining Industry

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

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


MEX:SBSWN
64GF Score
Sibanye Stillwater Ltd MEX:SBSWN
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 MXN-5,531 Mil.
Cash Flow from Operations was MXN22,899 Mil.
Revenue was MXN138,714 Mil.
Gross Profit was MXN32,846 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (158079.388 + 160171.541) / 2 = MXN159125.4645 Mil.
Total Assets at the begining of this year (Dec24) was MXN158,079 Mil.
Long-Term Debt & Capital Lease Obligation was MXN34,589 Mil.
Total Current Assets was MXN64,987 Mil.
Total Current Liabilities was MXN36,538 Mil.
Net Income was MXN-8,353 Mil.

Revenue was MXN128,362 Mil.
Gross Profit was MXN7,218 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (130217.465 + 158079.388) / 2 = MXN144148.4265 Mil.
Total Assets at the begining of last year (Dec23) was MXN130,217 Mil.
Long-Term Debt & Capital Lease Obligation was MXN47,323 Mil.
Total Current Assets was MXN55,417 Mil.
Total Current Liabilities was MXN23,984 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.

Sibanye Stillwater's current Net Income (TTM) was -5,531. ==> 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.

Sibanye Stillwater's current Cash Flow from Operations (TTM) was 22,899. ==> 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)
=-5531.345/158079.388
=-0.03499093

ROA (Last Year)=Net Income/Total Assets (Dec23)
=-8353.407/130217.465
=-0.06414967

Sibanye Stillwater's return on assets of this year was -0.03499093. Sibanye Stillwater's return on assets of last year was -0.06414967. ==> 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.

Sibanye Stillwater's current Net Income (TTM) was -5,531. Sibanye Stillwater's current Cash Flow from Operations (TTM) was 22,899. ==> 22,899 > -5,531 ==> 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
=34589.36/159125.4645
=0.21737162

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=47322.618/144148.4265
=0.32829091

Sibanye Stillwater's gearing of this year was 0.21737162. Sibanye Stillwater's gearing of last year was 0.32829091. ==> 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
=64986.621/36538.327
=1.77858776

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=55417.307/23984.135
=2.31058185

Sibanye Stillwater's current ratio of this year was 1.77858776. Sibanye Stillwater's current ratio of last year was 2.31058185. ==> 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.

Sibanye Stillwater's number of shares in issue this year was 707.642. Sibanye Stillwater's number of shares in issue last year was 707.642. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=32845.772/138713.644
=0.23678833

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7217.793/128362.23
=0.05622988

Sibanye Stillwater's gross margin of this year was 0.23678833. Sibanye Stillwater's gross margin of last year was 0.05622988. ==> 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)
=138713.644/158079.388
=0.87749355

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=128362.23/130217.465
=0.98575279

Sibanye Stillwater's asset turnover of this year was 0.87749355. Sibanye Stillwater's asset turnover of last year was 0.98575279. ==> 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+1+1+1+0+1+1+0
=6

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

Sibanye Stillwater has an F-score of 6 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 7 mean?
Sibanye Stillwater (MEX:SBSWN) 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 Sibanye Stillwater and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Sibanye Stillwater's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Sibanye Stillwater ranks #112 out of 2510 companies in the Metals & Mining industry, placing it in the top 4.5%.
Is Sibanye Stillwater's Piotroski F-Score too high?
Sibanye Stillwater's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Sibanye Stillwater's value of 7 is 133.3% above this industry median. Based on the distribution chart, Sibanye Stillwater ranks #112 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Sibanye Stillwater has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sibanye Stillwater's Piotroski F-Score compare to HL?
According to the Metals & Mining industry distribution chart, Sibanye Stillwater ranks #112 out of 2510 companies for Piotroski F-Score. This places Sibanye Stillwater in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Sibanye Stillwater's value of 7 is 133.3% above this benchmark. Historically, Sibanye Stillwater's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Sibanye Stillwater 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. Sibanye Stillwater'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 Sibanye Stillwater 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. Sibanye Stillwater's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sibanye Stillwater stock overvalued right now?
Based on GuruFocus' analysis, Sibanye Stillwater (MEX:SBSWN) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN172.28, compared to a current price of MXN201.50 — trading 17% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 133.3% above the Metals & Mining industry median of 3.00. Sibanye Stillwater's overall GF Score™ is 64/100 with 6 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 Sibanye Stillwater (MEX:SBSWN), 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 Sibanye Stillwater (MEX:SBSWN) Overvalued in 2026?

Based on GuruFocus' analysis, Sibanye Stillwater stock appears to be overvalued. The current stock price of MXN201.50 is trading 17% above its estimated GF Value™ of MXN172.28. GuruFocus considers Sibanye Stillwater to be Modestly Overvalued.

Key valuation signals for MEX:SBSWN:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: MXN172.28 vs. price of MXN201.50 (17% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 133.3% above the Metals & Mining median (#112 of 2510)

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


Sibanye Stillwater Business Description

Address Cnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709
Sibanye Stillwater Ltd is a South African mining and metals processing group with a diverse portfolio of operations, projects, and investments across five continents. The Group is also one of the foremost recyclers of PGM autocatalysts and has interests in mine tailings retreatment operations. It is a producer of platinum, palladium, and rhodium and is a top-tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper, and cobalt. Its products are Gold, Nickel, Zinc, Chrome, PGMs, and other. Group operations are divided into two segments, South African Operations and International and recycling operations.
64GF Score

Get the complete analysis for MEX:SBSWN

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

MXN201.50
Price
MXN172.28
GF Value