Endeavour Silver (XSWX:EXK) Piotroski F-Score: 6 (As of Jul. 08, 2026) — 50% Above Median


XSWX:EXK Endeavour Silver Corp XSWX:EXK
83 GF Score
Price CHF6.51
GF Value CHF7.52
! 6 Warning Signs
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What is Endeavour Silver Piotroski F-Score?

Endeavour Silver XSWX:EXK -6.33% 83 Piotroski F-Score is 6 as of Jul. 08, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates XSWX:EXK with a GF Score™ of 83/100 and a GF Value™ of CHF7.52. The stock has 6 warning signs investors should review. Among 2,506 Metals & Mining companies, Endeavour Silver ranks better than 91.38% 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

Endeavour Silver 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 Endeavour Silver's Piotroski F-Score or its related term are showing as below:

XSWX:EXK' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Endeavour Silver was 8. The lowest was 1. And the median was 4.

Endeavour Silver  (XSWX:EXK) 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.


Endeavour Silver Piotroski F-Score Related Terms


Endeavour Silver Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Endeavour Silver'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.

Endeavour Silver Piotroski F-Score Chart

Endeavour Silver 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 7.00 5.00 4.00 4.00 3.00

Endeavour Silver 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 3.00 6.00

XSWX:EXK vs HYMC, NVA, SSMR: Piotroski F-Score Comparison

For the Silver subindustry, Endeavour Silver'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.


Endeavour Silver Piotroski F-Score vs Metals & Mining Industry

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

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


XSWX:EXK
83GF Score
Endeavour Silver Corp XSWX:EXK
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 -16.634 + -33.401 + -18.952 + 51.096 = CHF-17.9 Mil.
Cash Flow from Operations was 17.536 + 21.536 + 12.29 + 16.297 = CHF67.7 Mil.
Revenue was 72.047 + 113.708 + 137.524 + 165.097 = CHF488.4 Mil.
Gross Profit was 6.214 + 12.348 + 37.064 + 73.455 = CHF129.1 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(643.25 + 809.86 + 809.654 + 984.729 + 987.038) / 5 = CHF846.9062 Mil.
Total Assets at the begining of this year (Mar25) was CHF643.3 Mil.
Long-Term Debt & Capital Lease Obligation was CHF188.6 Mil.
Total Current Assets was CHF332.9 Mil.
Total Current Liabilities was CHF196.4 Mil.
Net Income was -12.519 + -14.657 + 0.892 + -29.07 = CHF-55.4 Mil.

Revenue was 52.073 + 45.277 + 37.601 + 56.109 = CHF191.1 Mil.
Gross Profit was 9.018 + 10.492 + 6.749 + 11.31 = CHF37.6 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(453.353 + 520.933 + 517.975 + 641.239 + 643.25) / 5 = CHF555.35 Mil.
Total Assets at the begining of last year (Mar24) was CHF453.4 Mil.
Long-Term Debt & Capital Lease Obligation was CHF99.2 Mil.
Total Current Assets was CHF106.6 Mil.
Total Current Liabilities was CHF93.5 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.

Endeavour Silver's current Net Income (TTM) was -17.9. ==> 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.

Endeavour Silver's current Cash Flow from Operations (TTM) was 67.7. ==> 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)
=-17.891/643.25
=-0.02781345

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-55.354/453.353
=-0.12209911

Endeavour Silver's return on assets of this year was -0.02781345. Endeavour Silver's return on assets of last year was -0.12209911. ==> 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.

Endeavour Silver's current Net Income (TTM) was -17.9. Endeavour Silver's current Cash Flow from Operations (TTM) was 67.7. ==> 67.7 > -17.9 ==> 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
=188.558/846.9062
=0.22264331

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=99.229/555.35
=0.17867831

Endeavour Silver's gearing of this year was 0.22264331. Endeavour Silver's gearing of last year was 0.17867831. ==> Last year is lower than this year ==> Score 0.

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
=332.949/196.431
=1.69499213

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=106.585/93.509
=1.13983681

Endeavour Silver's current ratio of this year was 1.69499213. Endeavour Silver's current ratio of last year was 1.13983681. ==> 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.

Endeavour Silver's number of shares in issue this year was 0. Endeavour Silver'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
=129.081/488.376
=0.2643066

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=37.569/191.06
=0.19663457

Endeavour Silver's gross margin of this year was 0.2643066. Endeavour Silver's gross margin of last year was 0.19663457. ==> 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)
=488.376/643.25
=0.75923202

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=191.06/453.353
=0.4214376

Endeavour Silver's asset turnover of this year was 0.75923202. Endeavour Silver's asset turnover of last year was 0.4214376. ==> 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+1+1+1+0+1+1+1+1
=7

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

Endeavour Silver has an F-score of 7. 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 6 mean?
Endeavour Silver (XSWX:EXK) has a Piotroski F-Score of 6 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Endeavour Silver and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Endeavour Silver's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Endeavour Silver ranks #216 out of 2506 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is Endeavour Silver's Piotroski F-Score too high?
Endeavour Silver's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Endeavour Silver's value of 6 is 100% above this industry median. Based on the distribution chart, Endeavour Silver ranks #216 out of 2506 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Endeavour Silver has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Endeavour Silver's Piotroski F-Score compare to HYMC and NVA?
According to the Metals & Mining industry distribution chart, Endeavour Silver ranks #216 out of 2506 companies for Piotroski F-Score. This places Endeavour Silver in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Endeavour Silver's value of 6 is 100% above this benchmark. Historically, Endeavour Silver's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 3.00, Endeavour Silver 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 2,506 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. Endeavour Silver'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 Endeavour Silver 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. Endeavour Silver's current Piotroski F-Score is 6, which is 50% above 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 Endeavour Silver stock overvalued right now?
Endeavour Silver (XSWX:EXK) has a current Piotroski F-Score of 6. The stock's GF Value™ is CHF7.52, compared to a current price of CHF6.51 — trading 13.5% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 100% above the Metals & Mining industry median of 3.00. Endeavour Silver's overall GF Score™ is 83/100 with 6 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 Endeavour Silver (XSWX:EXK), the current Piotroski F-Score is 6 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 Endeavour Silver (XSWX:EXK) Overvalued in 2026?

Based on GuruFocus' analysis, Endeavour Silver stock appears to be undervalued. The current stock price of CHF6.51 is trading 13.5% below its estimated GF Value™ of CHF7.52.

Key valuation signals for XSWX:EXK:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: CHF7.52 vs. price of CHF6.51 (13.5% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 100% above the Metals & Mining median (#216 of 2506)

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


Endeavour Silver Business Description

Address 609 Granville Street, Suite 1130, P.O. Box 10328, Vancouver, BC, CAN, V7Y 1G5
Endeavour Silver Corp is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico and Chile. The Company has three operating mining segments namely; Guanacevi and Terronera in Mexico, and Minera Kolpa in Peru. The company has one development project in Mexico, Terronera, as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico, Chile, and the USA.
83GF Score

Get the complete analysis for XSWX:EXK

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

CHF6.51
Price
CHF7.52
GF Value