TFPM (Triple Flag Precious Metals) Piotroski F-Score: 8 (As of Jun. 25, 2026) — 33% Above Median


TFPM Triple Flag Precious Metals Corp TFPM
93 GF Score
Price $28.17
GF Value $33.70
Valuation Modestly Undervalued
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What is Triple Flag Precious Metals Piotroski F-Score?

Triple Flag Precious Metals TFPM +0.36% 93 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates TFPM with a GF Score™ of 93/100 and a GF Value™ of $33.70 (Modestly Undervalued). Among 2,511 Metals & Mining companies, Triple Flag Precious Metals 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

Triple Flag Precious Metals has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

TFPM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of Triple Flag Precious Metals was 8. The lowest was 3. And the median was 6.

Triple Flag Precious Metals  (NYSE:TFPM) 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.


Triple Flag Precious Metals Piotroski F-Score Related Terms


Triple Flag Precious Metals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Triple Flag Precious 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.

Triple Flag Precious Metals Piotroski F-Score Chart

Triple Flag Precious Metals Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 6.00 7.00 4.00 5.00 8.00

Triple Flag Precious Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 7.00 7.00 8.00 8.00

TFPM vs HL: Piotroski F-Score Comparison

For the Other Precious Metals & Mining subindustry, Triple Flag Precious 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.


Triple Flag Precious Metals Piotroski F-Score vs Metals & Mining Industry

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

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


TFPM
93GF Score
Triple Flag Precious Metals Corp TFPM
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 55.736 + 61.916 + 76.832 + 116.929 = $311.4 Mil.
Cash Flow from Operations was 76.114 + 81.366 + 89.497 + 113.331 = $360.3 Mil.
Revenue was 94.087 + 93.456 + 118.916 + 146.993 = $453.5 Mil.
Gross Profit was 62.336 + 64.059 + 86.589 + 105.886 = $318.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1794.055 + 1848.48 + 2046.309 + 2113.478 + 2218.555) / 5 = $2004.1754 Mil.
Total Assets at the begining of this year (Mar25) was $1,794.1 Mil.
Long-Term Debt & Capital Lease Obligation was $1.0 Mil.
Total Current Assets was $242.2 Mil.
Total Current Liabilities was $38.4 Mil.
Net Income was -111.437 + 29.649 + 41.28 + 45.521 = $5.0 Mil.

Revenue was 63.581 + 73.669 + 74.213 + 82.245 = $293.7 Mil.
Gross Profit was 38.904 + 36.663 + 46.384 + 49.934 = $171.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1903.556 + 1740.847 + 1773.227 + 1769.979 + 1794.055) / 5 = $1796.3328 Mil.
Total Assets at the begining of last year (Mar24) was $1,903.6 Mil.
Long-Term Debt & Capital Lease Obligation was $1.3 Mil.
Total Current Assets was $58.6 Mil.
Total Current Liabilities was $25.3 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.

Triple Flag Precious Metals's current Net Income (TTM) was 311.4. ==> 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.

Triple Flag Precious Metals's current Cash Flow from Operations (TTM) was 360.3. ==> 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 (Mar25)
=311.413/1794.055
=0.17358052

ROA (Last Year)=Net Income/Total Assets (Mar24)
=5.013/1903.556
=0.00263349

Triple Flag Precious Metals's return on assets of this year was 0.17358052. Triple Flag Precious Metals's return on assets of last year was 0.00263349. ==> 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.

Triple Flag Precious Metals's current Net Income (TTM) was 311.4. Triple Flag Precious Metals's current Cash Flow from Operations (TTM) was 360.3. ==> 360.3 > 311.4 ==> 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
=1.002/2004.1754
=0.00049996

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1.281/1796.3328
=0.00071312

Triple Flag Precious Metals's gearing of this year was 0.00049996. Triple Flag Precious Metals's gearing of last year was 0.00071312. ==> 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
=242.17/38.373
=6.3109478

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=58.641/25.255
=2.32195605

Triple Flag Precious Metals's current ratio of this year was 6.3109478. Triple Flag Precious Metals's current ratio of last year was 2.32195605. ==> 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.

Triple Flag Precious Metals's number of shares in issue this year was 207.255. Triple Flag Precious Metals's number of shares in issue last year was 201.33. ==> 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
=318.87/453.452
=0.70320563

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=171.885/293.708
=0.5852241

Triple Flag Precious Metals's gross margin of this year was 0.70320563. Triple Flag Precious Metals's gross margin of last year was 0.5852241. ==> 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 (Mar25)
=453.452/1794.055
=0.25275256

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=293.708/1903.556
=0.15429438

Triple Flag Precious Metals's asset turnover of this year was 0.25275256. Triple Flag Precious Metals's asset turnover of last year was 0.15429438. ==> This year's asset turnover is higher. ==> Score 1.

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+1
=8

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

Triple Flag Precious Metals has an F-score of 8. 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?
Triple Flag Precious Metals (TFPM) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Triple Flag Precious Metals and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Triple Flag Precious Metals' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Triple Flag Precious Metals ranks #25 out of 2511 companies in the Metals & Mining industry, placing it in the top 1%.
Is Triple Flag Precious Metals' Piotroski F-Score too high?
Triple Flag Precious Metals' current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. 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. Triple Flag Precious Metals' value of 8 is 166.7% above this industry median. Based on the distribution chart, Triple Flag Precious Metals ranks #25 out of 2511 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Triple Flag Precious Metals has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Triple Flag Precious Metals' Piotroski F-Score compare to HL?
According to the Metals & Mining industry distribution chart, Triple Flag Precious Metals ranks #25 out of 2511 companies for Piotroski F-Score. This places Triple Flag Precious Metals in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Triple Flag Precious Metals' value of 8 is 166.7% above this benchmark. Historically, Triple Flag Precious Metals' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, Triple Flag Precious 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 2,511 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. Triple Flag Precious Metals'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 Triple Flag Precious 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. Triple Flag Precious Metals's current Piotroski F-Score is 8, which is 33% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple Flag Precious Metals stock overvalued right now?
Based on GuruFocus' analysis, Triple Flag Precious Metals (TFPM) is currently considered Modestly Undervalued. The stock's GF Value™ is $33.70, compared to a current price of $28.17 — trading 16.4% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 166.7% above the Metals & Mining industry median of 3.00. Triple Flag Precious Metals' overall GF Score™ is 93/100. 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 Triple Flag Precious Metals (TFPM), the current Piotroski F-Score is 8 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.

Is Triple Flag Precious Metals (TFPM) Overvalued in 2026?

Based on GuruFocus' analysis, Triple Flag Precious Metals stock appears to be undervalued. The current stock price of $28.17 is trading 16.4% below its estimated GF Value™ of $33.70. GuruFocus considers Triple Flag Precious Metals to be Modestly Undervalued.

Key valuation signals for TFPM:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $33.70 vs. price of $28.17 (16.4% below fair value)
  • GF Score™: 93/100
  • Industry Position: 166.7% above the Metals & Mining median (#25 of 2511)

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


Triple Flag Precious Metals Business Description

Other Exchanges 7781:GermanyTFPM:Canada
Address 161 Bay Street, Suite 4535, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Triple Flag Precious Metals Corp is a streaming and royalty company focused on precious metals. Its revenues are largely generated from a diversified portfolio of properties in Australia, Canada, Colombia, Cote d'Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States. Its diversified portfolio of streams and royalties comprises long-life mining assets, including the Northparkes copper-gold mine in Australia, the Cerro Lindo polymetallic mine in Peru, the Fosterville gold mine in Australia, the Buritica gold mine in Colombia, and the Impala Bafokeng Operations in South Africa among others. A majority of its revenue is derived through its interests in various gold streams. Geographically, the company derives maximum revenue from Australia, followed by Peru and other regions.
93GF Score

Get the complete analysis for TFPM

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

$28.17
Price
$33.70
GF Value