Millennial PotashMLPNF -6.39%35 Piotroski F-Score is 2 as of Jun. 24, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates MLPNF with a GF Score™ of 35/100. The stock has 1 warning sign investors should review. Among 2,510 Metals & Mining companies, Millennial Potash ranks worse than 73.78% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Millennial Potash has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Millennial Potash's Piotroski F-Score or its related term are showing as below:
MLPNF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 4
Current: 2
During the past 7 years, the highest Piotroski F-Score of Millennial Potash was 4. The lowest was 2. And the median was 3.
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.
Millennial Potash Piotroski F-Score Related Terms
Millennial Potash Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Millennial Potash'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.
For the Other Industrial Metals & Mining subindustry, Millennial Potash'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.
Millennial Potash Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Millennial Potash's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Millennial Potash'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.
*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.
Millennial Potash's current Net Income (TTM) was -7.39.
==> 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.
Millennial Potash's return on assets of this year was -0.69005793. Millennial Potash's return on assets of last year was -0.55028498.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Millennial Potash's gearing of this year was 0.01214597. Millennial Potash's gearing of last year was 0.
==> Last year is lower than this year ==> Score 0.
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
Millennial Potash's current ratio of this year was 30.94609164. Millennial Potash's current ratio of last year was 5.49596774.
==> 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.
Millennial Potash's number of shares in issue this year was 113.235. Millennial Potash's number of shares in issue last year was 78.113.
==> 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.
Millennial Potash's gross margin of this year was . Millennial Potash'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
Millennial Potash's asset turnover of this year was 0. Millennial Potash'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
+
0
+
1
+
0
+
1
+
0
+
0
+
0
=
2
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Millennial Potash has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Millennial Potash (MLPNF) has a Piotroski F-Score of 2 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Millennial Potash and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Millennial Potash's Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Millennial Potash ranks #1852 out of 2510 companies in the Metals & Mining industry, placing it in the top 73.8%.
Is Millennial Potash's Piotroski F-Score too high?
Millennial Potash's current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. 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. Millennial Potash's value of 2 is 33.3% below this industry median. Based on the distribution chart, Millennial Potash ranks #1852 out of 2510 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Millennial Potash has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Millennial Potash's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Millennial Potash ranks #1852 out of 2510 companies for Piotroski F-Score. This places Millennial Potash in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Millennial Potash's value of 2 is 33.3% below this benchmark. Historically, Millennial Potash's own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Millennial Potash 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 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. Millennial Potash's current Piotroski F-Score of 2 is 33.3% 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 Millennial Potash 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. Millennial Potash's current Piotroski F-Score is 2, which is 33% below 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 Millennial Potash stock overvalued right now?
Millennial Potash (MLPNF) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 33.3% below the Metals & Mining industry median of 3.00. Millennial Potash's overall GF Score™ is 35/100 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 Millennial Potash (MLPNF), the current Piotroski F-Score is 2 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.
Millennial Potash Corp is a Canadian resource company focused on the exploration and development of potash deposits. The company's flagship asset is the Banio Potash Project located along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a producer of potash.
35GF Score
Get the complete analysis for MLPNF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MLPNF has been successfully added to your 
