Conifex TimberTSX:CFF -3.70%34 Piotroski F-Score is 1 as of Jun. 25, 2026, which is 80% below its 10-year median of 5.00. GuruFocus rates TSX:CFF with a GF Score™ of 34/100 and a GF Value™ of C$0.31 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 282 Forest Products companies, Conifex Timber ranks worse than 98.23% on this metric.
Warning Sign:
Piotroski F-Score of 1 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
Conifex Timber has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Conifex Timber's Piotroski F-Score or its related term are showing as below:
TSX:CFF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 1
During the past 13 years, the highest Piotroski F-Score of Conifex Timber was 8. The lowest was 1. And the median was 5.
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.
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.
Conifex Timber Piotroski F-Score Related Terms
Conifex Timber Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Conifex Timber'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.
TSX:CFF vs SSD, UFPI, BCC: Piotroski F-Score Comparison
For the Lumber & Wood Production subindustry, Conifex Timber'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.
Conifex Timber Piotroski F-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Conifex Timber's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Conifex Timber's Piotroski F-Score falls into.
* 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.
*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.
Conifex Timber's current Net Income (TTM) was -45.8.
==> 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.
Conifex Timber's return on assets of this year was -0.21333284. Conifex Timber's return on assets of last year was -0.11124319.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Conifex Timber's gearing of this year was 0.42894614. Conifex Timber's gearing of last year was 0.34221264.
==> Last year is lower than this year ==> Score 0.
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
Conifex Timber's current ratio of this year was 0.95923827. Conifex Timber's current ratio of last year was 1.62920621.
==> 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.
Conifex Timber's number of shares in issue this year was 40.919. Conifex Timber's number of shares in issue last year was 31.425.
==> 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.
Conifex Timber's gross margin of this year was -0.21512864. Conifex Timber's gross margin of last year was 0.09382029.
==> 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
Conifex Timber's asset turnover of this year was 0.55870334. Conifex Timber's asset turnover of last year was 0.59477954.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Conifex Timber has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
Conifex Timber (TSX:CFF) has a Piotroski F-Score of 1 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Conifex Timber and its competitors. This is 80% below median its historical median of 5.00. Over the past decade, Conifex Timber's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Conifex Timber ranks #277 out of 282 companies in the Forest Products industry, placing it in the top 98.2%.
Is Conifex Timber's Piotroski F-Score too high?
Conifex Timber's current Piotroski F-Score of 1 is 80% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Forest Products industry median Piotroski F-Score is 5.00. Conifex Timber's value of 1 is 80% below this industry median. Based on the distribution chart, Conifex Timber ranks #277 out of 282 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Conifex Timber has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conifex Timber's Piotroski F-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Conifex Timber ranks #277 out of 282 companies for Piotroski F-Score. This places Conifex Timber in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Conifex Timber's value of 1 is 80% below this benchmark. Historically, Conifex Timber's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Conifex Timber 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 Forest Products company?
The median Piotroski F-Score among Forest Products companies is 5.00, based on 282 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. Conifex Timber's current Piotroski F-Score of 1 is 80% 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 Conifex Timber and its competitors. For the Forest Products industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conifex Timber's current Piotroski F-Score is 1, which is 80% below 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 Conifex Timber stock overvalued right now?
Based on GuruFocus' analysis, Conifex Timber (TSX:CFF) is currently considered Possible Value Trap. The stock's GF Value™ is C$0.31, compared to a current price of C$0.13 — trading 58.1% below its estimated fair value. The current Piotroski F-Score is 1, which is 80% below median its 10-year median of 5.00 and 80% below the Forest Products industry median of 5.00. Conifex Timber's overall GF Score™ is 34/100 with 6 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 Conifex Timber (TSX:CFF), the current Piotroski F-Score is 1 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 Conifex Timber (TSX:CFF) Overvalued in 2026?
Based on GuruFocus' analysis, Conifex Timber stock appears to be undervalued.
The current stock price of C$0.13 is trading 58.1% below its estimated GF Value™ of C$0.31.
GuruFocus considers Conifex Timber to be Possible Value Trap.
Key valuation signals for TSX:CFF:
Piotroski F-Score: 1 (80% below median its 10-year median of 5.00)
GF Value™: C$0.31 vs. price of C$0.13 (58.1% below fair value)
Industry Position: 80% below the Forest Products median (#277 of 282)
No single metric tells the full story. See the TSX:CFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conifex Timber Inc is a Canada-based forestry company. It operates through one reportable segment comprising of activities that include timber harvesting, reforestation, forest management, processing logs into lumber and wood chips, value added lumber finishing and generation of electrical power that is complementary to the company's harvesting and manufacturing operations. The firm's main activities areas are the United States, Chinese, Canadian and Japanese markets. The revenues are generated from lumber, Lumber by-products and other, and Bioenergy. Geographically, it operates in United States, Canada and Japan. The company derives maximum revenue from United states.
34GF Score
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