PYX Resources (STU:AJ4) Piotroski F-Score: 3 (As of Jun. 25, 2026) — Near Median


What is PYX Resources Piotroski F-Score?

PYX Resources STU:AJ4 4 Piotroski F-Score is 3 as of Jun. 25, 2026, which is at its 10-year median of 3.00. GuruFocus rates STU:AJ4 with a GF Score™ of 4/100. The stock has 7 warning signs investors should review. Among 2,511 Metals & Mining companies, PYX Resources ranks better than 59.14% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

PYX Resources 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 PYX Resources's Piotroski F-Score or its related term are showing as below:

STU:AJ4' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 6
Current: 3

During the past 13 years, the highest Piotroski F-Score of PYX Resources was 6. The lowest was 2. And the median was 3.

PYX Resources  (STU:AJ4) 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.


PYX Resources Piotroski F-Score Related Terms


PYX Resources Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PYX Resources'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.

PYX Resources Piotroski F-Score Chart

PYX Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.00 4.00 3.00 3.00

PYX Resources Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
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 0.00 3.00 0.00 3.00 0.00

PYX Resources Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PYX Resources'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.


PYX Resources Piotroski F-Score vs Metals & Mining Industry

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

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


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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was €-1.19 Mil.
Cash Flow from Operations was €-1.02 Mil.
Revenue was €8.88 Mil.
Gross Profit was €0.64 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (85.374 + 84.026) / 2 = €84.7 Mil.
Total Assets at the begining of this year (Dec23) was €85.37 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €5.32 Mil.
Total Current Liabilities was €9.09 Mil.
Net Income was €-9.71 Mil.

Revenue was €20.79 Mil.
Gross Profit was €2.55 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (84.134 + 85.374) / 2 = €84.754 Mil.
Total Assets at the begining of last year (Dec22) was €84.13 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Total Current Assets was €11.18 Mil.
Total Current Liabilities was €8.23 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.

PYX Resources's current Net Income (TTM) was -1.19. ==> 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.

PYX Resources's current Cash Flow from Operations (TTM) was -1.02. ==> 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 (Dec23)
=-1.19/85.374
=-0.01393867

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-9.709/84.134
=-0.11539924

PYX Resources's return on assets of this year was -0.01393867. PYX Resources's return on assets of last year was -0.11539924. ==> 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.

PYX Resources's current Net Income (TTM) was -1.19. PYX Resources's current Cash Flow from Operations (TTM) was -1.02. ==> -1.02 > -1.19 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/84.7
=0

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=0/84.754
=0

PYX Resources's gearing of this year was 0. PYX Resources'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: Dec24)=Total Current Assets/Total Current Liabilities
=5.315/9.094
=0.58445129

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=11.175/8.233
=1.3573424

PYX Resources's current ratio of this year was 0.58445129. PYX Resources's current ratio of last year was 1.3573424. ==> 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.

PYX Resources's number of shares in issue this year was 0. PYX Resources's number of shares in issue last year was 0. ==> 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
=0.644/8.878
=0.07253886

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2.547/20.79
=0.12251082

PYX Resources's gross margin of this year was 0.07253886. PYX Resources's gross margin of last year was 0.12251082. ==> 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 (Dec23)
=8.878/85.374
=0.10398951

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=20.79/84.134
=0.24710581

PYX Resources's asset turnover of this year was 0.10398951. PYX Resources's asset turnover of last year was 0.24710581. ==> 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+0+1+0+0
=4

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

PYX Resources 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 3 mean?
PYX Resources (STU:AJ4) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PYX Resources and its competitors. This is near median its historical median of 3.00. Over the past decade, PYX Resources' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, PYX Resources ranks #1026 out of 2511 companies in the Metals & Mining industry, placing it in the top 40.9%.
Is PYX Resources' Piotroski F-Score too high?
PYX Resources' current Piotroski F-Score of 3 is near 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 6.00. The Metals & Mining industry median Piotroski F-Score is 3.00. PYX Resources' value of 3 is 0% at this industry median. Based on the distribution chart, PYX Resources ranks #1026 out of 2511 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, PYX Resources has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PYX Resources' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, PYX Resources ranks #1026 out of 2511 companies for Piotroski F-Score. This puts PYX Resources in the upper half of its industry. The industry median Piotroski F-Score is 3.00. PYX Resources' value of 3 is 0% at this benchmark. Historically, PYX Resources' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, PYX Resources has consistently been at 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 2,511 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. PYX Resources's current Piotroski F-Score of 3 is 0% at 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 PYX Resources 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. PYX Resources's current Piotroski F-Score is 3, which is near 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 PYX Resources stock overvalued right now?
PYX Resources (STU:AJ4) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Metals & Mining industry median of 3.00. PYX Resources' overall GF Score™ is 4/100 with 7 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 PYX Resources (STU:AJ4), the current Piotroski F-Score is 3 as of Jun. 25, 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.

PYX Resources Business Description

Other Exchanges PYX:UK
Address 56 Pitt Street, Level 5, Sydney, NSW, AUS, 2000
PYX Resources Ltd is engaged in mineral sands exploration and development. The firm has one business segment being the production of mineral sands (including premium zircon, rutile and ilmenite), activities from which it incurs costs. The Company earns revenue by mining, processing, and subsequently selling mineral sands (including zircon and rutile) to customers based in the Americas, Asia, China and Europe.