Energy Fuels (TSX:EFR) Piotroski F-Score: 4 (As of Jun. 27, 2026) — Near Median


TSX:EFR Energy Fuels Inc TSX:EFR
82 GF Score
Price C$20.47
GF Value C$18.63
Valuation Fairly Valued
! 3 Warning Signs
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What is Energy Fuels Piotroski F-Score?

Energy Fuels TSX:EFR -0.29% 82 Piotroski F-Score is 4 as of Jun. 27, 2026, which is at its 10-year median of 4.00. GuruFocus rates TSX:EFR with a GF Score™ of 82/100 and a GF Value™ of C$18.63 (Fairly Valued). The stock has 3 warning signs investors should review. Among 174 Other Energy Sources companies, Energy Fuels ranks better than 62.64% 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

Energy Fuels 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 Energy Fuels's Piotroski F-Score or its related term are showing as below:

TSX:EFR' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Energy Fuels was 6. The lowest was 1. And the median was 4.

Energy Fuels  (TSX:EFR) 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.


Energy Fuels Piotroski F-Score Related Terms


Energy Fuels Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Energy Fuels'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.

Energy Fuels Piotroski F-Score Chart

Energy Fuels 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 5.00 3.00 6.00 3.00 1.00

Energy Fuels 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 3.00 3.00 2.00 1.00 4.00

TSX:EFR vs UEC, LEU: Piotroski F-Score Comparison

For the Uranium subindustry, Energy Fuels'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.


Energy Fuels Piotroski F-Score vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Energy Fuels's Piotroski F-Score distribution charts can be found below:

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


TSX:EFR
82GF Score
Energy Fuels Inc TSX:EFR
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 -29.813 + -23.153 + -28.678 + -14.878 = C$-96.5 Mil.
Cash Flow from Operations was -35.458 + -39.421 + -22.363 + 11.419 = C$-85.8 Mil.
Revenue was 5.757 + 24.5 + 37.387 + 49.17 = C$116.8 Mil.
Gross Profit was 0.761 + 6.815 + 13.1 + 19.706 = C$40.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(934.277 + 960.141 + 1049.056 + 1947.65 + 2001.286) / 5 = C$1378.482 Mil.
Total Assets at the begining of this year (Mar25) was C$934.3 Mil.
Long-Term Debt & Capital Lease Obligation was C$928.4 Mil.
Total Current Assets was C$1,362.0 Mil.
Total Current Liabilities was C$49.5 Mil.
Net Income was -8.796 + -16.336 + -46.91 + -37.752 = C$-109.8 Mil.

Revenue was 11.949 + 5.482 + 56.877 + 24.259 = C$98.6 Mil.
Gross Profit was 6.905 + 2.98 + 0.832 + -1.76 = C$9.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(549.273 + 552.853 + 542.387 + 871.872 + 934.277) / 5 = C$690.1324 Mil.
Total Assets at the begining of last year (Mar24) was C$549.3 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.0 Mil.
Total Current Assets was C$368.8 Mil.
Total Current Liabilities was C$60.7 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.

Energy Fuels's current Net Income (TTM) was -96.5. ==> 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.

Energy Fuels's current Cash Flow from Operations (TTM) was -85.8. ==> 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)
=-96.522/934.277
=-0.10331197

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-109.794/549.273
=-0.19988967

Energy Fuels's return on assets of this year was -0.10331197. Energy Fuels's return on assets of last year was -0.19988967. ==> 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.

Energy Fuels's current Net Income (TTM) was -96.5. Energy Fuels's current Cash Flow from Operations (TTM) was -85.8. ==> -85.8 > -96.5 ==> 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
=928.416/1378.482
=0.67350607

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/690.1324
=0

Energy Fuels's gearing of this year was 0.67350607. Energy Fuels's gearing of last year was 0. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1362.017/49.515
=27.50715945

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=368.777/60.686
=6.07680519

Energy Fuels's current ratio of this year was 27.50715945. Energy Fuels's current ratio of last year was 6.07680519. ==> 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.

Energy Fuels's number of shares in issue this year was 241.554. Energy Fuels's number of shares in issue last year was 207.705. ==> 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
=40.382/116.814
=0.34569487

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8.957/98.567
=0.0908722

Energy Fuels's gross margin of this year was 0.34569487. Energy Fuels's gross margin of last year was 0.0908722. ==> 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)
=116.814/934.277
=0.12503144

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=98.567/549.273
=0.17944993

Energy Fuels's asset turnover of this year was 0.12503144. Energy Fuels's asset turnover of last year was 0.17944993. ==> 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+0+1+0+1+0
=4

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

Energy Fuels 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?
Energy Fuels (TSX:EFR) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Energy Fuels and its competitors. This is near median its historical median of 4.00. Over the past decade, Energy Fuels' Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Energy Fuels ranks #65 out of 174 companies in the Other Energy Sources industry, placing it in the top 37.4%.
Is Energy Fuels' Piotroski F-Score too high?
Energy Fuels' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Other Energy Sources industry median Piotroski F-Score is 4.00. Energy Fuels' value of 4 is 0% at this industry median. Based on the distribution chart, Energy Fuels ranks #65 out of 174 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Energy Fuels has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Energy Fuels' Piotroski F-Score compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Energy Fuels ranks #65 out of 174 companies for Piotroski F-Score. This puts Energy Fuels in the upper half of its industry. The industry median Piotroski F-Score is 4.00. Energy Fuels' value of 4 is 0% at this benchmark. Historically, Energy Fuels' own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 4.00, Energy Fuels 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 an Other Energy Sources company?
The median Piotroski F-Score among Other Energy Sources companies is 4.00, based on 174 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. Energy Fuels's current Piotroski F-Score of 4 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 Energy Fuels and its competitors. For the Other Energy Sources industry, the median Piotroski F-Score is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Fuels's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Fuels stock overvalued right now?
Based on GuruFocus' analysis, Energy Fuels (TSX:EFR) is currently considered Fairly Valued. The stock's GF Value™ is C$18.63, compared to a current price of C$20.47 — trading 9.9% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 0% at the Other Energy Sources industry median of 4.00. Energy Fuels' overall GF Score™ is 82/100 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 Energy Fuels (TSX:EFR), the current Piotroski F-Score is 4 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 Energy Fuels (TSX:EFR) Overvalued in 2026?

Based on GuruFocus' analysis, Energy Fuels stock appears to be overvalued. The current stock price of C$20.47 is trading 9.9% above its estimated GF Value™ of C$18.63. GuruFocus considers Energy Fuels to be Fairly Valued.

Key valuation signals for TSX:EFR:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: C$18.63 vs. price of C$20.47 (9.9% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 0% at the Other Energy Sources median (#65 of 174)

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


Energy Fuels Business Description

Address 225 Union Boulevard, Suite 600, Lakewood, CO, USA, 80228
Energy Fuels Inc is a critical mineral company based in the U.S. It produces several critical minerals, including uranium, vanadium, REEs (including NdPr, Dy and Tb) and HMS (including titanium and zirconium minerals). The company's project portfolio comprises uranium properties like Pinyon Plain Project, White Mesa Mill, Roca Honda Project, etc.; Heavy Minerals Sands project like Vara Mada Project, Donald Project, Bahia Project, etc.; the Nichols Ranch Project, and several other properties. The firm's reportable segments are: Uranium, REE, and HMS. Key revenue is generated from the Uranium segment, which is involved in conventional and ISR uranium extraction, recovery and sales of uranium from mineral properties, and the recycling of uranium-bearing materials generated by third parties.
82GF Score

Get the complete analysis for TSX:EFR

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

C$20.47
Price
C$18.63
GF Value