ONVEF (Seva Mining) Piotroski F-Score: 2 (As of Jul. 03, 2026) — 33% Below Median


ONVEF Seva Mining Corp ONVEF
13 GF Score
Price $0.27
! 1 Warning Sign
View Full Analysis

What is Seva Mining Piotroski F-Score?

Seva Mining ONVEF 13 Piotroski F-Score is 2 as of Jul. 03, 2026, which is 33% below its 10-year median of 3.00. GuruFocus rates ONVEF with a GF Score™ of 13/100. The stock has 1 warning sign investors should review. Among 2,509 Metals & Mining companies, Seva Mining ranks worse than 74.05% 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

Seva Mining has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

ONVEF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 2

During the past 13 years, the highest Piotroski F-Score of Seva Mining was 5. The lowest was 2. And the median was 3.

Seva Mining  (OTCPK:ONVEF) 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.


Seva Mining Piotroski F-Score Related Terms


Seva Mining Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Seva Mining'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.

Seva Mining Piotroski F-Score Chart

Seva Mining Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 4.00 3.00 5.00 2.00

Seva Mining Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 4.00 2.00 2.00 2.00

ONVEF vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Seva Mining'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.


Seva Mining Piotroski F-Score vs Metals & Mining Industry

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

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


ONVEF
13GF Score
Seva Mining Corp ONVEF
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 (Apr26) TTM:Last Year (Apr25) TTM:
Net Income was -0.037 + -0.276 + -0.321 + 0 = $-0.63 Mil.
Cash Flow from Operations was -0.001 + -0.644 + -0.131 + 0 = $-0.78 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 (Apr25)
to the end of this year (Apr26) was
(0.002 + 0.002 + 0.203 + 0.087 + 31.027) / 5 = $6.2642 Mil.
Total Assets at the begining of this year (Apr25) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $6.84 Mil.
Total Current Liabilities was $0.35 Mil.
Net Income was -0.035 + -0.028 + -0.025 + -0.041 = $-0.13 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 (Apr24)
to the end of last year (Apr25) was
(0.002 + 0.003 + 0.002 + 0.003 + 0.002) / 5 = $0.0024 Mil.
Total Assets at the begining of last year (Apr24) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $0.61 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.

Seva Mining's current Net Income (TTM) was -0.63. ==> 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.

Seva Mining's current Cash Flow from Operations (TTM) was -0.78. ==> 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 (Apr25)
=-0.634/0.002
=-317

ROA (Last Year)=Net Income/Total Assets (Apr24)
=-0.129/0.002
=-64.5

Seva Mining's return on assets of this year was -317. Seva Mining's return on assets of last year was -64.5. ==> 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.

Seva Mining's current Net Income (TTM) was -0.63. Seva Mining's current Cash Flow from Operations (TTM) was -0.78. ==> -0.78 <= -0.63 ==> CFROA <= ROA ==> Score 0.

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: Apr26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr25 to Apr26
=0/6.2642
=0

Gearing (Last Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=0/0.0024
=0

Seva Mining's gearing of this year was 0. Seva Mining'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: Apr26)=Total Current Assets/Total Current Liabilities
=6.839/0.351
=19.48433048

Current Ratio (Last Year: Apr25)=Total Current Assets/Total Current Liabilities
=0.002/0.607
=0.00329489

Seva Mining's current ratio of this year was 19.48433048. Seva Mining's current ratio of last year was 0.00329489. ==> 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.

Seva Mining's number of shares in issue this year was 0. Seva Mining's number of shares in issue last year was 4.38. ==> 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
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Seva Mining's gross margin of this year was . Seva Mining'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 (Apr25)
=0/0.002
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr24)
=0/0.002
=0

Seva Mining's asset turnover of this year was 0. Seva Mining'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+0+1+1+1+0+0
=3

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

Seva Mining has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Seva Mining (ONVEF) has a Piotroski F-Score of 2 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Seva Mining and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Seva Mining's Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Seva Mining ranks #1858 out of 2509 companies in the Metals & Mining industry, placing it in the top 74.1%.
Is Seva Mining's Piotroski F-Score too high?
Seva Mining'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 5.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Seva Mining's value of 2 is 33.3% below this industry median. Based on the distribution chart, Seva Mining ranks #1858 out of 2509 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Seva Mining has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Seva Mining's Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Seva Mining ranks #1858 out of 2509 companies for Piotroski F-Score. This places Seva Mining in the lower half of its industry. The industry median Piotroski F-Score is 3.00. Seva Mining's value of 2 is 33.3% below this benchmark. Historically, Seva Mining's own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Seva Mining 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 2,509 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. Seva Mining'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 Seva Mining 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. Seva Mining'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 Seva Mining stock overvalued right now?
Seva Mining (ONVEF) 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. Seva Mining's overall GF Score™ is 13/100 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 Seva Mining (ONVEF), the current Piotroski F-Score is 2 as of Jul. 03, 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.

Seva Mining Business Description

Other Exchanges SEVA:Canada
Address 595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1
Seva Mining Corp is a Canadian gold exploration and development company backed by the Fiore Group and anchored by the Cameron Gold Project in Northwestern Ontario. The Company focuses on unlocking the full discovery potential of the Cameron Project through systematic modern exploration while delivering long-term value for shareholders.
13GF Score

Get the complete analysis for ONVEF

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

$0.27
Price