ValOre Metals (TSXV:VO) Piotroski F-Score: 2 (As of Jun. 28, 2026) — 33% Below Median


What is ValOre Metals Piotroski F-Score?

ValOre Metals TSXV:VO Piotroski F-Score is 2 as of Jun. 28, 2026, which is 33% below its 10-year median of 3.00. The stock has 3 warning signs investors should review. Among 174 Other Energy Sources companies, ValOre Metals ranks worse than 88.51% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

ValOre Metals has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

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

TSXV:VO' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 4
Current: 2

During the past 13 years, the highest Piotroski F-Score of ValOre Metals was 4. The lowest was 1. And the median was 3.

ValOre Metals  (TSXV:VO) 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.


ValOre Metals Piotroski F-Score Related Terms


ValOre Metals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ValOre 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.

ValOre Metals Piotroski F-Score Chart

ValOre Metals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 2.00 3.00 2.00 1.00

ValOre 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 3.00 3.00 1.00 1.00 2.00

TSXV:VO vs UEC, LEU: Piotroski F-Score Comparison

For the Uranium subindustry, ValOre 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.


ValOre Metals Piotroski F-Score vs Other Energy Sources Industry

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

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


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 -1.12 + -0.704 + -2.024 + -1.732 = C$-5.58 Mil.
Cash Flow from Operations was -0.865 + -1.369 + -1.944 + -0.909 = C$-5.09 Mil.
Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was -0.004 + -0.004 + -0.004 + 0 = C$-0.01 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(13.115 + 12.096 + 11.495 + 11.912 + 10.875) / 5 = C$11.8986 Mil.
Total Assets at the begining of this year (Mar25) was C$13.12 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$0.74 Mil.
Total Current Liabilities was C$1.25 Mil.
Net Income was -0.5 + -1.252 + -0.657 + -0.814 = C$-3.22 Mil.

Revenue was 0 + 0 + 0 + 0 = C$0.00 Mil.
Gross Profit was -0.004 + -0.004 + -0.004 + -0.004 = C$-0.02 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(10.057 + 10.598 + 11.025 + 12.663 + 13.115) / 5 = C$11.4916 Mil.
Total Assets at the begining of last year (Mar24) was C$10.06 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.00 Mil.
Total Current Assets was C$3.06 Mil.
Total Current Liabilities was C$2.04 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.

ValOre Metals's current Net Income (TTM) was -5.58. ==> 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.

ValOre Metals's current Cash Flow from Operations (TTM) was -5.09. ==> 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)
=-5.58/13.115
=-0.42546702

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-3.223/10.057
=-0.3204733

ValOre Metals's return on assets of this year was -0.42546702. ValOre Metals's return on assets of last year was -0.3204733. ==> Last year is higher ==> Score 0.

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.

ValOre Metals's current Net Income (TTM) was -5.58. ValOre Metals's current Cash Flow from Operations (TTM) was -5.09. ==> -5.09 > -5.58 ==> 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
=0/11.8986
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/11.4916
=0

ValOre Metals's gearing of this year was 0. ValOre Metals'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
=0.74/1.246
=0.59390048

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3.063/2.035
=1.50515971

ValOre Metals's current ratio of this year was 0.59390048. ValOre Metals's current ratio of last year was 1.50515971. ==> 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.

ValOre Metals's number of shares in issue this year was 254.954. ValOre Metals's number of shares in issue last year was 199.326. ==> 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
=-0.012/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.016/0
=

ValOre Metals's gross margin of this year was . ValOre Metals's gross margin of last year was . ==> 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)
=0/13.115
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=0/10.057
=0

ValOre Metals's asset turnover of this year was 0. ValOre Metals's asset turnover of last year was 0. ==> 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+0+1+1+0+0+0+0
=2

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

ValOre Metals has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
ValOre Metals (TSXV:VO) has a Piotroski F-Score of 2 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ValOre Metals and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, ValOre Metals' Piotroski F-Score has ranged from 1.00 to 4.00. According to the industry distribution chart, ValOre Metals ranks #154 out of 174 companies in the Other Energy Sources industry, placing it in the top 88.5%.
Is ValOre Metals' Piotroski F-Score too high?
ValOre Metals' current Piotroski F-Score of 2 is 33% below median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.00. The Other Energy Sources industry median Piotroski F-Score is 4.00. ValOre Metals' value of 2 is 50% below this industry median. Based on the distribution chart, ValOre Metals ranks #154 out of 174 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers.
How does ValOre Metals' Piotroski F-Score compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, ValOre Metals ranks #154 out of 174 companies for Piotroski F-Score. This places ValOre Metals in the lower half of its industry. The industry median Piotroski F-Score is 4.00. ValOre Metals' value of 2 is 50% below this benchmark. Historically, ValOre Metals' own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 4.00, ValOre Metals 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 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. ValOre Metals's current Piotroski F-Score of 2 is 50% 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 ValOre Metals 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. ValOre Metals's current Piotroski F-Score is 2, which is 33% below median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ValOre Metals stock overvalued right now?
ValOre Metals (TSXV:VO) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 33% below median its 10-year median of 3.00 and 50% below the Other Energy Sources industry median of 4.00. 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 ValOre Metals (TSXV:VO), the current Piotroski F-Score is 2 as of Jun. 28, 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.

ValOre Metals Business Description

Other Exchanges KVLQF:USAKEQ0:Germany
Address 800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6
ValOre Metals Corp is a Canadian-based exploration-stage company. It focuses on the acquisition, exploration, and development of mineral resources. Angilak, Pedra Branca, Baffin Gold, and Hatchet Lake are some of the assets that the company possesses. It has two geographical segments that include Canada and Brazil.