Whitehaven CoalWHITF -0.89%79 Piotroski F-Score is 7 as of Jun. 26, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates WHITF with a GF Score™ of 79/100 and a GF Value™ of $4.93 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 174 Other Energy Sources companies, Whitehaven Coal ranks better than 94.83% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Whitehaven Coal has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Whitehaven Coal's Piotroski F-Score or its related term are showing as below:
WHITF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Whitehaven Coal was 8. The lowest was 2. And the median was 6.
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.
Whitehaven Coal Piotroski F-Score Related Terms
Whitehaven Coal Piotroski F-Score Historical Data
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The historical data trend for Whitehaven Coal'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.
For the Thermal Coal subindustry, Whitehaven Coal'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.
Whitehaven Coal Piotroski F-Score vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Whitehaven Coal's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Whitehaven Coal'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.
Whitehaven Coal's current Net Income (TTM) was 423.
==> 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.
Whitehaven Coal's return on assets of this year was 0.04951168. Whitehaven Coal's return on assets of last year was 0.04676248.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Whitehaven Coal's gearing of this year was 0.15031672. Whitehaven Coal's gearing of last year was 0.17061611.
==> 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
Whitehaven Coal's current ratio of this year was 1.11663983. Whitehaven Coal's current ratio of last year was 0.71368686.
==> 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.
Whitehaven Coal's number of shares in issue this year was 810.237. Whitehaven Coal's number of shares in issue last year was 810.502.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
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.
Whitehaven Coal's gross margin of this year was 0.34962278. Whitehaven Coal's gross margin of last year was 1.
==> 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
Whitehaven Coal's asset turnover of this year was 0.44491857. Whitehaven Coal's asset turnover of last year was 0.50371711.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Whitehaven Coal has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Whitehaven Coal (WHITF) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Whitehaven Coal and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Whitehaven Coal's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Whitehaven Coal ranks #9 out of 174 companies in the Other Energy Sources industry, placing it in the top 5.2%.
Is Whitehaven Coal's Piotroski F-Score too high?
Whitehaven Coal's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Other Energy Sources industry median Piotroski F-Score is 4.00. Whitehaven Coal's value of 7 is 75% above this industry median. Based on the distribution chart, Whitehaven Coal ranks #9 out of 174 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Whitehaven Coal has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Whitehaven Coal's Piotroski F-Score compare to competitors?
According to the Other Energy Sources industry distribution chart, Whitehaven Coal ranks #9 out of 174 companies for Piotroski F-Score. This places Whitehaven Coal in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 4.00. Whitehaven Coal's value of 7 is 75% above this benchmark. Historically, Whitehaven Coal's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 4.00, Whitehaven Coal 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 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. Whitehaven Coal's current Piotroski F-Score of 7 is 75% 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 Whitehaven Coal 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. Whitehaven Coal's current Piotroski F-Score is 7, which is 17% above 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 Whitehaven Coal stock overvalued right now?
Based on GuruFocus' analysis, Whitehaven Coal (WHITF) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.93, compared to a current price of $5.59 — trading 13.5% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 75% above the Other Energy Sources industry median of 4.00. Whitehaven Coal's overall GF Score™ is 79/100 with 7 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 Whitehaven Coal (WHITF), the current Piotroski F-Score is 7 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 Whitehaven Coal (WHITF) Overvalued in 2026?
Based on GuruFocus' analysis, Whitehaven Coal stock appears to be overvalued.
The current stock price of $5.59 is trading 13.5% above its estimated GF Value™ of $4.93.
GuruFocus considers Whitehaven Coal to be Modestly Overvalued.
Key valuation signals for WHITF:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: $4.93 vs. price of $5.59 (13.5% above fair value)
Industry Position: 75% above the Other Energy Sources median (#9 of 174)
No single metric tells the full story. See the WHITF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Whitehaven Coal is a large Australian independent thermal and metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also bought Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi in April 2024. In addition, it owns the large Winchester South deposit next to its Daunia mine. Coal is railed to ports in Newcastle and Queensland for export to Asian customers. Initial production of about 1 million metric tons from Vickery and expanded production at its Queensland mines, Maules Creek, and Narrabri means we expect its share of salable coal production to approach 31 million metric tons from fiscal 2030, from about 13 million in fiscal 2023.
79GF Score
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