Miata Metals (STU:8NQ) Piotroski F-Score: 4 (As of Aug. 02, 2026) — 33% Above Median

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STU:8NQ Miata Metals Corp STU:8NQ
20 GF Score
Price €0.33
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What is Miata Metals Piotroski F-Score?

Miata Metals STU:8NQ +5.52% 20 Piotroski F-Score is 4 as of Aug. 02, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates STU:8NQ with a GF Score™ of 20/100. Among 2,504 Metals & Mining companies, Miata Metals ranks better than 78.12% 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

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

STU:8NQ' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 4
Current: 4

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

Miata Metals  (STU:8NQ) 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.


Miata Metals Piotroski F-Score Related Terms


Miata Metals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Miata 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.

Miata Metals Piotroski F-Score Chart

Miata Metals Annual Data
Trend Mar22 Mar23 Jun25
Piotroski F-Score
N/A N/A N/A

Miata Metals Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 N/A N/A 3.00 3.00 4.00

Miata Metals Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Miata 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.


Miata Metals Piotroski F-Score vs Metals & Mining Industry

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

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


STU:8NQ
20GF Score
Miata Metals Corp STU:8NQ
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -1.794 + -1.891 + -2.048 + -1.912 = €-7.65 Mil.
Cash Flow from Operations was -1.522 + -1.968 + -1.897 + -1.767 = €-7.15 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 (Mar25)
to the end of this year (Mar26) was
(9.521 + 8.17 + 9.282 + 14.354 + 12.942) / 5 = €10.8538 Mil.
Total Assets at the begining of this year (Mar25) was €9.52 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €6.09 Mil.
Total Current Liabilities was €0.71 Mil.
Net Income was -0.099 + -0.517 + -1.134 + -1.378 = €-3.13 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 (Sep23)
to the end of last year (Mar25) was
(0.296 + 0.243 + 0.966 + 10.657 + 9.521) / 5 = €4.3366 Mil.
Total Assets at the begining of last year (Sep23) was €0.30 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €2.93 Mil.
Total Current Liabilities was €0.59 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.

Miata Metals's current Net Income (TTM) was -7.65. ==> 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.

Miata Metals's current Cash Flow from Operations (TTM) was -7.15. ==> 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 (Mar25)
=-7.645/9.521
=-0.80296187

ROA (Last Year)=Net Income/Total Assets (Sep23)
=-3.128/0.296
=-10.56756757

Miata Metals's return on assets of this year was -0.80296187. Miata Metals's return on assets of last year was -10.56756757. ==> 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.

Miata Metals's current Net Income (TTM) was -7.65. Miata Metals's current Cash Flow from Operations (TTM) was -7.15. ==> -7.15 > -7.65 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/10.8538
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Mar25
=0/4.3366
=0

Miata Metals's gearing of this year was 0. Miata 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: Mar26)=Total Current Assets/Total Current Liabilities
=6.087/0.707
=8.6096181

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2.929/0.593
=4.93929174

Miata Metals's current ratio of this year was 8.6096181. Miata Metals's current ratio of last year was 4.93929174. ==> 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.

Miata Metals's number of shares in issue this year was 105.414. Miata Metals's number of shares in issue last year was 49.768. ==> 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
=

Miata Metals's gross margin of this year was . Miata 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 (Mar25)
=0/9.521
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep23)
=0/0.296
=0

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

Miata 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?
Miata Metals (STU:8NQ) has a Piotroski F-Score of 4 as of Aug. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Miata Metals and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Miata Metals' Piotroski F-Score has ranged from 3.00 to 4.00. According to the industry distribution chart, Miata Metals ranks #548 out of 2504 companies in the Metals & Mining industry, placing it in the top 21.9%.
Is Miata Metals' Piotroski F-Score too high?
Miata 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. Miata Metals' value of 4 is 33.3% above this industry median. Based on the distribution chart, Miata Metals ranks #548 out of 2504 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Miata Metals has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Miata Metals' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Miata Metals ranks #548 out of 2504 companies for Piotroski F-Score. This places Miata Metals in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Miata Metals' value of 4 is 33.3% above this benchmark. Historically, Miata 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, Miata 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 2,504 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. Miata 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 Miata 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. Miata 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 Miata Metals stock overvalued right now?
Miata Metals (STU:8NQ) 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. Miata Metals' overall GF Score™ is 20/100. 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 Miata Metals (STU:8NQ), the current Piotroski F-Score is 4 as of Aug. 02, 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.

Miata Metals Business Description

Other Exchanges MMET:Canada
Address 2133-1177 West Hastings Street, Vancouver, BC, CAN, V6E 3T4
Miata Metals Corp is engaged in the identification, evaluation, acquisition, and exploration of mineral properties in Suriname and in Canada. It holds a substantial area between two gold assets within the greenstone belt of Suriname. Both of its projects, the Sela Creek and Nassau Project, host large-scale artisanal gold mining indicative of potentially district-scale ore bodies. It is engaged in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. Miata holds over a substantial area between two gold assets within the greenstone belt of Suriname. Both of its projects,the Sela Creek and Nassau Project, host large-scale artisanal gold mining indicative of potentially district-scale ore bodies.
20GF 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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