Metals Exploration (STU:MJ4) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 60% Above Median


STU:MJ4 Metals Exploration PLC STU:MJ4
56 GF Score
Price €0.13
GF Value €0.04
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Metals Exploration Piotroski F-Score?

Metals Exploration STU:MJ4 +2.38% 56 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates STU:MJ4 with a GF Score™ of 56/100 and a GF Value™ of €0.04 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,512 Metals & Mining companies, Metals Exploration ranks better than 99% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Metals Exploration has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

STU:MJ4' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of Metals Exploration was 8. The lowest was 3. And the median was 5.

Metals Exploration  (STU:MJ4) 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.


Metals Exploration Piotroski F-Score Related Terms


Metals Exploration Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Metals Exploration'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.

Metals Exploration Piotroski F-Score Chart

Metals Exploration Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 5.00 7.00 8.00

Metals Exploration Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 5.00 0.00 7.00 0.00 8.00

STU:MJ4 vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Metals Exploration'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.


Metals Exploration Piotroski F-Score vs Metals & Mining Industry

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

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


STU:MJ4
56GF Score
Metals Exploration PLC STU:MJ4
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €24.7 Mil.
Cash Flow from Operations was €92.1 Mil.
Revenue was €178.0 Mil.
Gross Profit was €62.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (166.444 + 275.973) / 2 = €221.2085 Mil.
Total Assets at the begining of this year (Dec24) was €166.4 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €64.4 Mil.
Total Current Liabilities was €27.6 Mil.
Net Income was €24.4 Mil.

Revenue was €182.5 Mil.
Gross Profit was €59.7 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (166.42 + 166.444) / 2 = €166.432 Mil.
Total Assets at the begining of last year (Dec23) was €166.4 Mil.
Long-Term Debt & Capital Lease Obligation was €0.0 Mil.
Total Current Assets was €57.5 Mil.
Total Current Liabilities was €31.2 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.

Metals Exploration's current Net Income (TTM) was 24.7. ==> Positive ==> Score 1.

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.

Metals Exploration's current Cash Flow from Operations (TTM) was 92.1. ==> Positive ==> Score 1.

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 (Dec24)
=24.674/166.444
=0.14824205

ROA (Last Year)=Net Income/Total Assets (Dec23)
=24.435/166.42
=0.1468273

Metals Exploration's return on assets of this year was 0.14824205. Metals Exploration's return on assets of last year was 0.1468273. ==> 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.

Metals Exploration's current Net Income (TTM) was 24.7. Metals Exploration's current Cash Flow from Operations (TTM) was 92.1. ==> 92.1 > 24.7 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=0/221.2085
=0

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=0/166.432
=0

Metals Exploration's gearing of this year was 0. Metals Exploration'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: Dec25)=Total Current Assets/Total Current Liabilities
=64.413/27.553
=2.33778536

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=57.528/31.213
=1.8430782

Metals Exploration's current ratio of this year was 2.33778536. Metals Exploration's current ratio of last year was 1.8430782. ==> 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.

Metals Exploration's number of shares in issue this year was 2968.89. Metals Exploration's number of shares in issue last year was 2005.503. ==> 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
=62.391/177.985
=0.35054078

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=59.706/182.548
=0.32707014

Metals Exploration's gross margin of this year was 0.35054078. Metals Exploration's gross margin of last year was 0.32707014. ==> This year's gross margin is higher. ==> Score 1.

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 (Dec24)
=177.985/166.444
=1.06933864

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=182.548/166.42
=1.09691143

Metals Exploration's asset turnover of this year was 1.06933864. Metals Exploration's asset turnover of last year was 1.09691143. ==> 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
=1+1+1+1+1+1+0+1+0
=7

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

Metals Exploration has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Metals Exploration (STU:MJ4) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Metals Exploration and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Metals Exploration's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Metals Exploration ranks #25 out of 2512 companies in the Metals & Mining industry, placing it in the top 1%.
Is Metals Exploration's Piotroski F-Score too high?
Metals Exploration's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Metals Exploration's value of 8 is 166.7% above this industry median. Based on the distribution chart, Metals Exploration ranks #25 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Metals Exploration has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metals Exploration's Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Metals Exploration ranks #25 out of 2512 companies for Piotroski F-Score. This places Metals Exploration in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Metals Exploration's value of 8 is 166.7% above this benchmark. Historically, Metals Exploration's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Metals Exploration 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. Metals Exploration's current Piotroski F-Score of 8 is 166.7% 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 Metals Exploration 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. Metals Exploration's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metals Exploration stock overvalued right now?
Based on GuruFocus' analysis, Metals Exploration (STU:MJ4) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.13 — trading 222.5% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 166.7% above the Metals & Mining industry median of 3.00. Metals Exploration's overall GF Score™ is 56/100 with 3 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 Metals Exploration (STU:MJ4), the current Piotroski F-Score is 8 as of Jun. 27, 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.

Is Metals Exploration (STU:MJ4) Overvalued in 2026?

Based on GuruFocus' analysis, Metals Exploration stock appears to be overvalued. The current stock price of €0.13 is trading 222.5% above its estimated GF Value™ of €0.04. GuruFocus considers Metals Exploration to be Significantly Overvalued.

Key valuation signals for STU:MJ4:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €0.04 vs. price of €0.13 (222.5% above fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 166.7% above the Metals & Mining median (#25 of 2512)

No single metric tells the full story. See the STU:MJ4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metals Exploration Business Description

Other Exchanges MTL:UKMJ4:Germany
Address 27-28 Eastcastle Street, London, GBR, W1W 8DH
Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is the Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines, and Singapore.
56GF Score

Get the complete analysis for STU:MJ4

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

€0.13
Price
€0.04
GF Value