VOXR (Vox Royalty) Piotroski F-Score: 6 (As of Jun. 26, 2026) — 20% Above Median


VOXR Vox Royalty Corp VOXR
71 GF Score
Price $4.80
GF Value $4.94
Valuation Fairly Valued
! 5 Warning Signs
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What is Vox Royalty Piotroski F-Score?

Vox Royalty VOXR +1.05% 71 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates VOXR with a GF Score™ of 71/100 and a GF Value™ of $4.94 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,512 Metals & Mining companies, Vox Royalty ranks better than 91.4% 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

Vox Royalty has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

VOXR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 7 years, the highest Piotroski F-Score of Vox Royalty was 8. The lowest was 3. And the median was 5.

Vox Royalty  (NAS:VOXR) 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.


Vox Royalty Piotroski F-Score Related Terms


Vox Royalty Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Vox Royalty'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.

Vox Royalty Piotroski F-Score Chart

Vox Royalty Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 5.00 7.00 5.00 3.00 5.00

Vox Royalty 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 4.00 5.00 6.00

VOXR vs HL: Piotroski F-Score Comparison

For the Other Precious Metals & Mining subindustry, Vox Royalty'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.


Vox Royalty Piotroski F-Score vs Metals & Mining Industry

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

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


VOXR
71GF Score
Vox Royalty Corp VOXR
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 -0.388 + 0.162 + 6.471 + 24.483 = $30.73 Mil.
Cash Flow from Operations was 1.757 + 1.759 + 6.183 + 15.213 = $24.91 Mil.
Revenue was 2.765 + 3.816 + 7.361 + 16.037 = $29.98 Mil.
Gross Profit was 1.747 + 2.369 + 4.072 + 11.579 = $19.77 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(51.007 + 62.587 + 123.41 + 123.396 + 142.812) / 5 = $100.6424 Mil.
Total Assets at the begining of this year (Mar25) was $51.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $18.45 Mil.
Total Current Liabilities was $3.73 Mil.
Net Income was -0.334 + -0.108 + -0.966 + -0.359 = $-1.77 Mil.

Revenue was 2.839 + 2.429 + 2.898 + 2.68 = $10.85 Mil.
Gross Profit was 2.107 + 1.888 + 1.506 + 1.895 = $7.40 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(52.237 + 52.78 + 53.016 + 51.381 + 51.007) / 5 = $52.0842 Mil.
Total Assets at the begining of last year (Mar24) was $52.24 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $12.63 Mil.
Total Current Liabilities was $2.98 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.

Vox Royalty's current Net Income (TTM) was 30.73. ==> 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.

Score 1 if positive, 0 if negative.

Vox Royalty's current Cash Flow from Operations (TTM) was 24.91. ==> Positive ==> Score 1.

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)
=30.728/51.007
=0.60242712

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1.767/52.237
=-0.0338266

Vox Royalty's return on assets of this year was 0.60242712. Vox Royalty's return on assets of last year was -0.0338266. ==> 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.

Vox Royalty's current Net Income (TTM) was 30.73. Vox Royalty's current Cash Flow from Operations (TTM) was 24.91. ==> 24.91 <= 30.73 ==> CFROA <= ROA ==> Score 0.

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
=0/100.6424
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/52.0842
=0

Vox Royalty's gearing of this year was 0. Vox Royalty'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
=18.451/3.733
=4.94267345

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=12.634/2.981
=4.23817511

Vox Royalty's current ratio of this year was 4.94267345. Vox Royalty's current ratio of last year was 4.23817511. ==> 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.

Vox Royalty's number of shares in issue this year was 71.351. Vox Royalty's number of shares in issue last year was 50.73. ==> 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
=19.767/29.979
=0.65936155

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=7.396/10.846
=0.68191038

Vox Royalty's gross margin of this year was 0.65936155. Vox Royalty's gross margin of last year was 0.68191038. ==> 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)
=29.979/51.007
=0.58774286

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=10.846/52.237
=0.20763061

Vox Royalty's asset turnover of this year was 0.58774286. Vox Royalty's asset turnover of last year was 0.20763061. ==> 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
=1+1+1+0+1+1+0+0+1
=6

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

Vox Royalty has an F-score of 6 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 6 mean?
Vox Royalty (VOXR) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Vox Royalty and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Vox Royalty's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Vox Royalty ranks #216 out of 2512 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is Vox Royalty's Piotroski F-Score too high?
Vox Royalty's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Vox Royalty's value of 6 is 100% above this industry median. Based on the distribution chart, Vox Royalty ranks #216 out of 2512 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Vox Royalty has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vox Royalty's Piotroski F-Score compare to HL?
According to the Metals & Mining industry distribution chart, Vox Royalty ranks #216 out of 2512 companies for Piotroski F-Score. This places Vox Royalty in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Vox Royalty's value of 6 is 100% above this benchmark. Historically, Vox Royalty's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, Vox Royalty 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. Vox Royalty's current Piotroski F-Score of 6 is 100% 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 Vox Royalty 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. Vox Royalty's current Piotroski F-Score is 6, which is 20% above 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 Vox Royalty stock overvalued right now?
Based on GuruFocus' analysis, Vox Royalty (VOXR) is currently considered Fairly Valued. The stock's GF Value™ is $4.94, compared to a current price of $4.80 — trading 2.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 100% above the Metals & Mining industry median of 3.00. Vox Royalty's overall GF Score™ is 71/100 with 5 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 Vox Royalty (VOXR), the current Piotroski F-Score is 6 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 Vox Royalty (VOXR) Overvalued in 2026?

Based on GuruFocus' analysis, Vox Royalty stock appears to be undervalued. The current stock price of $4.80 is trading 2.8% below its estimated GF Value™ of $4.94. GuruFocus considers Vox Royalty to be Fairly Valued.

Key valuation signals for VOXR:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $4.94 vs. price of $4.80 (2.8% below fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 100% above the Metals & Mining median (#216 of 2512)

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


Vox Royalty Business Description

Other Exchanges VOXR:Canada
Address 1499 West 120th Avenue, Suite 110, Westminster, CO, USA, 80234
Vox Royalty Corp is a returns-focused mining royalty and streaming company. It holds a diversified portfolio of several royalties and streams, including producing and development stage assets, with primary exposure to gold and select industrial metals across top-tier mining jurisdictions. Vox is organized into two operating segments, consisting of acquiring and managing royalty interests; and acquiring and managing streams and other interests. Maximum revenue is generated from its Royalty Interests segment. The majority of the company's portfolio of royalty, streams, and other interests by asset count is located in Australia, Canada, and the United States, of which the maximum revenue is derived from its assets in Australia.
71GF Score

Get the complete analysis for VOXR

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

$4.80
Price
$4.94
GF Value