Star Royalties (TSXV:STRR) Piotroski F-Score: 4 (As of Jun. 26, 2026) — Near Median


TSXV:STRR Star Royalties Ltd TSXV:STRR
28 GF Score
Price C$0.47
GF Value C$0.14
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Star Royalties Piotroski F-Score?

Star Royalties TSXV:STRR +1.08% 28 Piotroski F-Score is 4 as of Jun. 26, 2026, which is at its 10-year median of 4.00. GuruFocus rates TSXV:STRR with a GF Score™ of 28/100 and a GF Value™ of C$0.14 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,512 Metals & Mining companies, Star Royalties ranks better than 78.22% 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

Star Royalties 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 Star Royalties's Piotroski F-Score or its related term are showing as below:

TSXV:STRR' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 4

During the past 7 years, the highest Piotroski F-Score of Star Royalties was 5. The lowest was 2. And the median was 4.

Star Royalties  (TSXV:STRR) 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.


Star Royalties Piotroski F-Score Related Terms


Star Royalties Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Star Royalties'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.

Star Royalties Piotroski F-Score Chart

Star Royalties Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 4.00 4.00 3.00 4.00

Star Royalties 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 3.00 4.00 4.00

TSXV:STRR vs HL: Piotroski F-Score Comparison

For the Other Precious Metals & Mining subindustry, Star Royalties'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.


Star Royalties Piotroski F-Score vs Metals & Mining Industry

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

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


TSXV:STRR
28GF Score
Star Royalties Ltd TSXV:STRR
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 -1.129 + -0.007 + -11.195 + -0.236 = C$-12.57 Mil.
Cash Flow from Operations was -0.573 + -0.306 + -0.349 + -0.729 = C$-1.96 Mil.
Revenue was 0.133 + 0.055 + 0.229 + 0.246 = C$0.66 Mil.
Gross Profit was 0.068 + 0.036 + 0.048 + 0.041 = C$0.19 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(38.427 + 37.318 + 37.112 + 27.197 + 26.348) / 5 = C$33.2804 Mil.
Total Assets at the begining of this year (Mar25) was C$38.43 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$5.10 Mil.
Total Current Liabilities was C$0.69 Mil.
Net Income was -0.777 + -1.803 + -32.079 + -0.477 = C$-35.14 Mil.

Revenue was 0.365 + 0.169 + 0.205 + 0.231 = C$0.97 Mil.
Gross Profit was 0.185 + 0.11 + 0.077 + 0.098 = C$0.47 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(72.603 + 72.516 + 71.271 + 38.5 + 38.427) / 5 = C$58.6634 Mil.
Total Assets at the begining of last year (Mar24) was C$72.60 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$5.13 Mil.
Total Current Liabilities was C$0.40 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.

Star Royalties's current Net Income (TTM) was -12.57. ==> 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.

Star Royalties's current Cash Flow from Operations (TTM) was -1.96. ==> 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)
=-12.567/38.427
=-0.32703568

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-35.136/72.603
=-0.48394694

Star Royalties's return on assets of this year was -0.32703568. Star Royalties's return on assets of last year was -0.48394694. ==> 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.

Star Royalties's current Net Income (TTM) was -12.57. Star Royalties's current Cash Flow from Operations (TTM) was -1.96. ==> -1.96 > -12.57 ==> 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
=0/33.2804
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/58.6634
=0

Star Royalties's gearing of this year was 0. Star Royalties'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: Mar26)=Total Current Assets/Total Current Liabilities
=5.102/0.689
=7.40493469

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5.127/0.401
=12.78553616

Star Royalties's current ratio of this year was 7.40493469. Star Royalties's current ratio of last year was 12.78553616. ==> 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.

Star Royalties's number of shares in issue this year was 78.892. Star Royalties's number of shares in issue last year was 77.993. ==> 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
=0.193/0.663
=0.29110106

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0.47/0.97
=0.48453608

Star Royalties's gross margin of this year was 0.29110106. Star Royalties's gross margin of last year was 0.48453608. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=0.663/38.427
=0.01725349

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0.97/72.603
=0.01336033

Star Royalties's asset turnover of this year was 0.01725349. Star Royalties's asset turnover of last year was 0.01336033. ==> 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
=0+0+1+1+1+0+0+0+1
=4

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

Star Royalties 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?
Star Royalties (TSXV:STRR) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Star Royalties and its competitors. This is near median its historical median of 4.00. Over the past decade, Star Royalties' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Star Royalties ranks #547 out of 2512 companies in the Metals & Mining industry, placing it in the top 21.8%.
Is Star Royalties' Piotroski F-Score too high?
Star Royalties' 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 2.00 to a high of 5.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Star Royalties' value of 4 is 33.3% above this industry median. Based on the distribution chart, Star Royalties ranks #547 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Star Royalties has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Star Royalties' Piotroski F-Score compare to HL?
According to the Metals & Mining industry distribution chart, Star Royalties ranks #547 out of 2512 companies for Piotroski F-Score. This places Star Royalties in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Star Royalties' value of 4 is 33.3% above this benchmark. Historically, Star Royalties' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Star Royalties 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. Star Royalties's current Piotroski F-Score of 4 is 33.3% 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 Star Royalties 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. Star Royalties'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 Star Royalties stock overvalued right now?
Based on GuruFocus' analysis, Star Royalties (TSXV:STRR) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.14, compared to a current price of C$0.47 — trading 235.7% above its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 33.3% above the Metals & Mining industry median of 3.00. Star Royalties' overall GF Score™ is 28/100 with 2 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 Star Royalties (TSXV:STRR), the current Piotroski F-Score is 4 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 Star Royalties (TSXV:STRR) Overvalued in 2026?

Based on GuruFocus' analysis, Star Royalties stock appears to be overvalued. The current stock price of C$0.47 is trading 235.7% above its estimated GF Value™ of C$0.14. GuruFocus considers Star Royalties to be Significantly Overvalued.

Key valuation signals for TSXV:STRR:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: C$0.14 vs. price of C$0.47 (235.7% above fair value)
  • GF Score™: 28/100 with 2 warning signs
  • Industry Position: 33.3% above the Metals & Mining median (#547 of 2512)

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


Star Royalties Business Description

Other Exchanges STRFF:USA8IH:Germany
Address 1601 - 110 Yonge Street, Toronto, ON, CAN, M5C 1T4
Star Royalties Ltd is a royalty and streaming investment company that offers investors exposure to precious metals and carbon credit prices, as well as cleantech and other decarbonization projects. The company mainly funds precious metals projects in Tier 1 jurisdictions that have low geopolitical risk, visibility to cash flow, and wealth creation potential through exploration. The royalty and stream assets in its portfolio include Copperstone Gold Project, Elk Gold Project, Keysbrook Project, NativState Improved Forest Management Carbon Offset Portfolio, MOBISMART, and the Elizabeth Metis Settlement Forest Carbon Offset Project. The company's key assets are located across the United States, Canada, Australia, and Mongolia.
28GF Score

Get the complete analysis for TSXV:STRR

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

C$0.47
Price
C$0.14
GF Value