Environmental Clean TechnologiesASX:ECT Piotroski F-Score is 2 as of Jun. 25, 2026, which is 33% below its 10-year median of 3.00. The stock has 2 warning signs investors should review. Among 2,979 Industrial Products companies, Environmental Clean Technologies ranks worse than 92.95% 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
Environmental Clean Technologies 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 Environmental Clean Technologies's Piotroski F-Score or its related term are showing as below:
ASX:ECT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 5
Current: 2
During the past 13 years, the highest Piotroski F-Score of Environmental Clean Technologies was 5. The lowest was 2. And the median was 3.
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.
Environmental Clean Technologies Piotroski F-Score Related Terms
Environmental Clean Technologies Piotroski F-Score Historical Data
* 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.
ASX:ECT vs VLTO, ZWS, CECO: Piotroski F-Score Comparison
For the Pollution & Treatment Controls subindustry, Environmental Clean Technologies'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.
Environmental Clean Technologies Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Environmental Clean Technologies's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Environmental Clean Technologies'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.
Environmental Clean Technologies's current Net Income (TTM) was -3.52.
==> 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.
Environmental Clean Technologies's current Cash Flow from Operations (TTM) was -1.02.
==> 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.
Environmental Clean Technologies's return on assets of this year was -0.59163447. Environmental Clean Technologies's return on assets of last year was -0.45392325.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Environmental Clean Technologies's gearing of this year was 0. Environmental Clean Technologies's gearing of last year was 0.02872303.
==> 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
Environmental Clean Technologies's current ratio of this year was 0.65585168. Environmental Clean Technologies's current ratio of last year was 1.36053241.
==> 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.
Environmental Clean Technologies's number of shares in issue this year was 168.037. Environmental Clean Technologies's number of shares in issue last year was 133.643.
==> 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.
Environmental Clean Technologies's gross margin of this year was . Environmental Clean Technologies'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
Environmental Clean Technologies's asset turnover of this year was 0. Environmental Clean Technologies's asset turnover of last year was 0.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Environmental Clean Technologies has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Environmental Clean Technologies (ASX:ECT) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Environmental Clean Technologies and its competitors. This is 33% below median its historical median of 3.00. Over the past decade, Environmental Clean Technologies' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Environmental Clean Technologies ranks #2769 out of 2979 companies in the Industrial Products industry, placing it in the top 93%.
Is Environmental Clean Technologies' Piotroski F-Score too high?
Environmental Clean Technologies' 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 2.00 to a high of 5.00. The Industrial Products industry median Piotroski F-Score is 5.00. Environmental Clean Technologies' value of 2 is 60% below this industry median. Based on the distribution chart, Environmental Clean Technologies ranks #2769 out of 2979 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Environmental Clean Technologies' Piotroski F-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Environmental Clean Technologies ranks #2769 out of 2979 companies for Piotroski F-Score. This places Environmental Clean Technologies in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Environmental Clean Technologies' value of 2 is 60% below this benchmark. Historically, Environmental Clean Technologies' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Environmental Clean Technologies 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. Environmental Clean Technologies's current Piotroski F-Score of 2 is 60% 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 Environmental Clean Technologies and its competitors. For the Industrial Products industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Environmental Clean Technologies'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 Environmental Clean Technologies stock overvalued right now?
Environmental Clean Technologies (ASX:ECT) 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 60% below the Industrial Products industry median of 5.00. 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 Environmental Clean Technologies (ASX:ECT), the current Piotroski F-Score is 2 as of Jun. 25, 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.
Environmental Clean Technologies Business Description
Environmental Clean Technologies Ltd is engaged in investment, research, development, and the commercialisation of technologies that bridge the gap between today's use of low-grade and waste resources and tomorrow's zero-emissions future, with an emphasis on producing low-emission, net-zero, and carbon-negative products for the agriculture, industry, and energy sectors. Its activities include: continuing to develop the COLDry Commercialisation Project at Bacchus Marsh (BM Project); developing commercial opportunities for the company's commercial site at Yallourn; and managing the development of, and extracting value from, the group's intellectual property and potential new opportunities. Its projects are the COLDry Commercial Demonstration and Coldry Fertiliser Project.
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