Cameco (XSWX:CCJ) Piotroski F-Score: 8 (As of Jul. 08, 2026) — 33% Above Median


XSWX:CCJ Cameco Corp XSWX:CCJ
90 GF Score
Price CHF76.81
GF Value CHF53.75
! 3 Warning Signs
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What is Cameco Piotroski F-Score?

Cameco XSWX:CCJ -2.55% 90 Piotroski F-Score is 8 as of Jul. 08, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates XSWX:CCJ with a GF Score™ of 90/100 and a GF Value™ of CHF53.75. The stock has 3 warning signs investors should review. Among 176 Other Energy Sources companies, Cameco ranks better than 99.43% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Cameco has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

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

XSWX:CCJ' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Cameco was 9. The lowest was 1. And the median was 6.

Cameco  (XSWX:CCJ) 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.


Cameco Piotroski F-Score Related Terms


Cameco Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cameco'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.

Cameco Piotroski F-Score Chart

Cameco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 8.00 6.00 7.00 9.00

Cameco 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 7.00 7.00 9.00 9.00 8.00

XSWX:CCJ vs UEC, LEU: Piotroski F-Score Comparison

For the Uranium subindustry, Cameco'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.


Cameco Piotroski F-Score vs Other Energy Sources Industry

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

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


XSWX:CCJ
90GF Score
Cameco Corp XSWX:CCJ
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 190.918 + -0.081 + 114.995 + 75.029 = CHF381 Mil.
Cash Flow from Operations was 276.778 + 89.609 + 391.272 + -12.783 = CHF745 Mil.
Revenue was 521.795 + 353.656 + 693.745 + 485.099 = CHF2,054 Mil.
Gross Profit was 152.96 + 97.973 + 157.587 + 173.059 = CHF582 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5775.936 + 5700.703 + 5604.664 + 5950.773 + 5798.87) / 5 = CHF5766.1892 Mil.
Total Assets at the begining of this year (Mar25) was CHF5,776 Mil.
Long-Term Debt & Capital Lease Obligation was CHF572 Mil.
Total Current Assets was CHF1,284 Mil.
Total Current Liabilities was CHF417 Mil.
Net Income was 23.485 + 4.645 + 84.781 + 42.939 = CHF156 Mil.

Revenue was 390.297 + 450.678 + 740.449 + 485.889 = CHF2,067 Mil.
Gross Profit was 114.339 + 106.849 + 156.204 + 166.267 = CHF544 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6238.472 + 6119.148 + 5808.572 + 6199.963 + 5775.936) / 5 = CHF6028.4182 Mil.
Total Assets at the begining of last year (Mar24) was CHF6,238 Mil.
Long-Term Debt & Capital Lease Obligation was CHF613 Mil.
Total Current Assets was CHF923 Mil.
Total Current Liabilities was CHF341 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.

Cameco's current Net Income (TTM) was 381. ==> 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.

Cameco's current Cash Flow from Operations (TTM) was 745. ==> 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)
=380.861/5775.936
=0.06593927

ROA (Last Year)=Net Income/Total Assets (Mar24)
=155.85/6238.472
=0.02498208

Cameco's return on assets of this year was 0.06593927. Cameco's return on assets of last year was 0.02498208. ==> 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.

Cameco's current Net Income (TTM) was 381. Cameco's current Cash Flow from Operations (TTM) was 745. ==> 745 > 381 ==> 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
=571.854/5766.1892
=0.09917364

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=612.872/6028.4182
=0.10166382

Cameco's gearing of this year was 0.09917364. Cameco's gearing of last year was 0.10166382. ==> 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
=1284.085/417.197
=3.07788647

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=923.315/341.33
=2.70505083

Cameco's current ratio of this year was 3.07788647. Cameco's current ratio of last year was 2.70505083. ==> 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.

Cameco's number of shares in issue this year was 0. Cameco's number of shares in issue last year was 0. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=581.579/2054.295
=0.28310394

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=543.659/2067.313
=0.26297856

Cameco's gross margin of this year was 0.28310394. Cameco's gross margin of last year was 0.26297856. ==> This year's gross margin is higher. ==> Score 1.

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)
=2054.295/5775.936
=0.35566443

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2067.313/6238.472
=0.33138131

Cameco's asset turnover of this year was 0.35566443. Cameco's asset turnover of last year was 0.33138131. ==> 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+1+1+1+1+1+1
=9

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

Cameco has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Cameco (XSWX:CCJ) has a Piotroski F-Score of 8 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cameco and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Cameco's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Cameco ranks #1 out of 176 companies in the Other Energy Sources industry, placing it in the top 0.59999999999999%.
Is Cameco's Piotroski F-Score too high?
Cameco's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Other Energy Sources industry median Piotroski F-Score is 4.00. Cameco's value of 8 is 100% above this industry median. Based on the distribution chart, Cameco ranks #1 out of 176 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Cameco has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Cameco's Piotroski F-Score compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Cameco ranks #1 out of 176 companies for Piotroski F-Score. This places Cameco in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 4.00. Cameco's value of 8 is 100% above this benchmark. Historically, Cameco's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 4.00, Cameco 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 176 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. Cameco's current Piotroski F-Score of 8 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 Cameco 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. Cameco's current Piotroski F-Score is 8, which is 33% 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 Cameco stock overvalued right now?
Cameco (XSWX:CCJ) has a current Piotroski F-Score of 8. The stock's GF Value™ is CHF53.75, compared to a current price of CHF76.81 — trading 42.9% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 100% above the Other Energy Sources industry median of 4.00. Cameco's overall GF Score™ is 90/100 with 3 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 Cameco (XSWX:CCJ), the current Piotroski F-Score is 8 as of Jul. 08, 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 Cameco (XSWX:CCJ) Overvalued in 2026?

Based on GuruFocus' analysis, Cameco stock appears to be overvalued. The current stock price of CHF76.81 is trading 42.9% above its estimated GF Value™ of CHF53.75.

Key valuation signals for XSWX:CCJ:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: CHF53.75 vs. price of CHF76.81 (42.9% above fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 100% above the Other Energy Sources median (#1 of 176)

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


Cameco Business Description

Address 11th Street West, Suite 2121, Saskatoon, SK, CAN, S7M 1J3
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe and is one of those uranium producers. It has three reportable segments: Uranium, Fuel Services, and Westinghouse, deriving maximum revenue from the Westinghouse segment. The Uranium segment involves the exploration for, mining, milling, purchase, and sale of uranium concentrate, while the Fuel Services segment involves the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. Westinghouse Electric Company provides products and services to nuclear reactors, including outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts.
90GF Score

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

CHF76.81
Price
CHF53.75
GF Value