Topaz EnergyTSX:TPZ +0.47%88 Piotroski F-Score is 5 as of Jun. 26, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates TSX:TPZ with a GF Score™ of 88/100 and a GF Value™ of C$27.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 974 Oil & Gas companies, Topaz Energy ranks better than 62.83% 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
Topaz Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Topaz Energy's Piotroski F-Score or its related term are showing as below:
TSX:TPZ'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 7
Current: 5
During the past 7 years, the highest Piotroski F-Score of Topaz Energy was 7. The lowest was 4. And the median was 6.
Topaz Energy (TSX:TPZ) 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.
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.
Topaz Energy Piotroski F-Score Related Terms
Topaz Energy Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Topaz Energy'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:TPZ vs WMB, EPD, KMI: Piotroski F-Score Comparison
For the Oil & Gas Midstream subindustry, Topaz Energy'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.
Topaz Energy Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Topaz Energy's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Topaz Energy'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.
Topaz Energy's current Net Income (TTM) was 150.5.
==> 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.
Topaz Energy's return on assets of this year was 0.08102235. Topaz Energy's return on assets of last year was 0.07964872.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Topaz Energy's gearing of this year was 0.27095665. Topaz Energy's gearing of last year was 0.2956765.
==> 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
Topaz Energy's current ratio of this year was 2.92629555. Topaz Energy's current ratio of last year was 4.15969685.
==> 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.
Topaz Energy's number of shares in issue this year was 155.269. Topaz Energy's number of shares in issue last year was 154.43.
==> 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.
Topaz Energy's gross margin of this year was 0.64516257. Topaz Energy's gross margin of last year was 0.65237796.
==> 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
Topaz Energy's asset turnover of this year was 0.17696257. Topaz Energy's asset turnover of last year was 0.19571861.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Topaz Energy has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Topaz Energy (TSX:TPZ) has a Piotroski F-Score of 5 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Topaz Energy and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Topaz Energy's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Topaz Energy ranks #362 out of 974 companies in the Oil & Gas industry, placing it in the top 37.2%.
Is Topaz Energy's Piotroski F-Score too high?
Topaz Energy's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Topaz Energy's value of 5 is 0% at this industry median. Based on the distribution chart, Topaz Energy ranks #362 out of 974 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Topaz Energy has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topaz Energy's Piotroski F-Score compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Topaz Energy ranks #362 out of 974 companies for Piotroski F-Score. This puts Topaz Energy in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Topaz Energy's value of 5 is 0% at this benchmark. Historically, Topaz Energy's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Topaz Energy 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 Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 974 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. Topaz Energy's current Piotroski F-Score of 5 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 Topaz Energy and its competitors. For the Oil & Gas 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. Topaz Energy's current Piotroski F-Score is 5, which is 17% below 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 Topaz Energy stock overvalued right now?
Based on GuruFocus' analysis, Topaz Energy (TSX:TPZ) is currently considered Fairly Valued. The stock's GF Value™ is C$27.57, compared to a current price of C$29.93 — trading 8.6% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Oil & Gas industry median of 5.00. Topaz Energy's overall GF Score™ is 88/100 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 Topaz Energy (TSX:TPZ), the current Piotroski F-Score is 5 as of Jun. 26, 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 Topaz Energy (TSX:TPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Topaz Energy stock appears to be overvalued.
The current stock price of C$29.93 is trading 8.6% above its estimated GF Value™ of C$27.57.
GuruFocus considers Topaz Energy to be Fairly Valued.
Key valuation signals for TSX:TPZ:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: C$27.57 vs. price of C$29.93 (8.6% above fair value)
Industry Position: 0% at the Oil & Gas median (#362 of 974)
No single metric tells the full story. See the TSX:TPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. The company generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.
88GF Score
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