MILIF (Military Metals) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 33% Above Median


MILIF Military Metals Corp MILIF
36 GF Score
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What is Military Metals Piotroski F-Score?

Military Metals MILIF -5.06% 36 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates MILIF with a GF Score™ of 36/100. Among 2,512 Metals & Mining companies, Military Metals 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

Military Metals 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 Military Metals's Piotroski F-Score or its related term are showing as below:

MILIF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 4
Current: 4

During the past 4 years, the highest Piotroski F-Score of Military Metals was 4. The lowest was 3. And the median was 3.

Military Metals  (OTCPK:MILIF) 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.


Military Metals Piotroski F-Score Related Terms


Military Metals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Military Metals'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.

Military Metals Piotroski F-Score Chart

Military Metals Annual Data
Trend Aug22 Aug23 Aug24 Aug25
Piotroski F-Score
N/A N/A 3.00 4.00

Military Metals Quarterly Data
May21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 3.00 3.00 4.00 3.00 4.00

Military Metals Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Military Metals'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.


Military Metals Piotroski F-Score vs Metals & Mining Industry

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

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


MILIF
36GF Score
Military Metals Corp MILIF
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was -0.769 + -0.717 + -0.817 + -1.26 = $-3.56 Mil.
Cash Flow from Operations was -0.562 + -0.657 + -0.728 + -1.363 = $-3.31 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(8.887 + 8.55 + 8.291 + 8.884 + 8.855) / 5 = $8.6934 Mil.
Total Assets at the begining of this year (Feb25) was $8.89 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $1.60 Mil.
Total Current Liabilities was $0.10 Mil.
Net Income was -0.107 + -0.177 + -1.758 + -1.506 = $-3.55 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(0.364 + 0.386 + 2.675 + 8.904 + 8.887) / 5 = $4.2432 Mil.
Total Assets at the begining of last year (Feb24) was $0.36 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $2.14 Mil.
Total Current Liabilities was $0.20 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.

Military Metals's current Net Income (TTM) was -3.56. ==> 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.

Military Metals's current Cash Flow from Operations (TTM) was -3.31. ==> 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 (Feb25)
=-3.563/8.887
=-0.4009227

ROA (Last Year)=Net Income/Total Assets (Feb24)
=-3.548/0.364
=-9.74725275

Military Metals's return on assets of this year was -0.4009227. Military Metals's return on assets of last year was -9.74725275. ==> 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.

Military Metals's current Net Income (TTM) was -3.56. Military Metals's current Cash Flow from Operations (TTM) was -3.31. ==> -3.31 > -3.56 ==> 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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=0/8.6934
=0

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=0/4.2432
=0

Military Metals's gearing of this year was 0. Military Metals's gearing of last year was 0. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=1.596/0.099
=16.12121212

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=2.139/0.199
=10.74874372

Military Metals's current ratio of this year was 16.12121212. Military Metals's current ratio of last year was 10.74874372. ==> 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.

Military Metals's number of shares in issue this year was 77.78. Military Metals's number of shares in issue last year was 61.556. ==> 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
=

Military Metals's gross margin of this year was . Military Metals'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 (Feb25)
=0/8.887
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=0/0.364
=0

Military Metals's asset turnover of this year was 0. Military Metals'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

Military Metals 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?
Military Metals (MILIF) 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 Military Metals and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Military Metals' Piotroski F-Score has ranged from 3.00 to 4.00. According to the industry distribution chart, Military Metals ranks #547 out of 2512 companies in the Metals & Mining industry, placing it in the top 21.8%.
Is Military Metals' Piotroski F-Score too high?
Military Metals' current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 4.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Military Metals' value of 4 is 33.3% above this industry median. Based on the distribution chart, Military Metals ranks #547 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Military Metals has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Military Metals' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Military Metals ranks #547 out of 2512 companies for Piotroski F-Score. This places Military Metals in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Military Metals' value of 4 is 33.3% above this benchmark. Historically, Military Metals' own Piotroski F-Score has ranged from 3.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Military Metals 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. Military Metals'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 Military Metals 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. Military Metals's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Military Metals stock overvalued right now?
Military Metals (MILIF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 33.3% above the Metals & Mining industry median of 3.00. Military Metals' overall GF Score™ is 36/100. 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 Military Metals (MILIF), 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.

Military Metals Business Description

Other Exchanges QN90:GermanyMILI:Canada
Address 615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6
Military Metals Corp is a mineral exploration company engaged in the acquisition and exploration of mineral properties. The company's mineral property interests include the Manson Bay Project, Brownfield Projects, and the West Gore Project.
36GF 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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