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Devson CatalystBOM:544823 +0.46%24 Piotroski F-Score is 6 as of Sep. 10, 2026. GuruFocus rates BOM:544823 with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 1,596 Chemicals companies, Devson Catalyst ranks better than 72.18% 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
Devson Catalyst 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 Devson Catalyst's Piotroski F-Score or its related term are showing as below:
BOM:544823'
s Piotroski F-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 6
Current: 6
During the past 4 years, the highest Piotroski F-Score of Devson Catalyst was 6. The lowest was 0. And the median was 0.
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.
Devson Catalyst Piotroski F-Score Related Terms
Devson Catalyst Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Devson Catalyst'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.
Devson Catalyst Piotroski F-Score Chart
Devson Catalyst Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Piotroski F-Score
N/A
N/A
7.00
6.00
Devson Catalyst Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Piotroski F-Score
N/A
N/A
7.00
0.00
6.00
BOM:544823 vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Devson Catalyst'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.
Devson Catalyst Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Devson Catalyst's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Devson Catalyst'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.
Devson Catalyst's current Net Income (TTM) was 125.2.
==> 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.
Devson Catalyst's return on assets of this year was 0.45735941. Devson Catalyst's return on assets of last year was 0.35707039.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Devson Catalyst's gearing of this year was 0.02586803. Devson Catalyst's gearing of last year was 0.00363054.
==> 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
Devson Catalyst's current ratio of this year was 4.1767511. Devson Catalyst's current ratio of last year was 3.26342539.
==> 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.
Devson Catalyst's number of shares in issue this year was 13.588. Devson Catalyst's number of shares in issue last year was 13.588.
==> 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.
Devson Catalyst's gross margin of this year was 0.49306896. Devson Catalyst's gross margin of last year was 0.36205853.
==> 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
Devson Catalyst's asset turnover of this year was 2.0174164. Devson Catalyst's asset turnover of last year was 2.46079453.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
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Que. 7
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Que. 9
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1
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1
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1
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0
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1
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0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Devson Catalyst has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Devson Catalyst (BOM:544823) has a Piotroski F-Score of 6 as of Sep. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Devson Catalyst and its competitors. According to the industry distribution chart, Devson Catalyst ranks #444 out of 1596 companies in the Chemicals industry, placing it in the top 27.8%.
Is Devson Catalyst's Piotroski F-Score too high?
Devson Catalyst's current Piotroski F-Score is 6. The Chemicals industry median Piotroski F-Score is 5.00. Devson Catalyst's value of 6 is 20% above this industry median. Based on the distribution chart, Devson Catalyst ranks #444 out of 1596 companies in the Chemicals industry, which is above the industry midpoint. Overall, Devson Catalyst has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Devson Catalyst's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Devson Catalyst ranks #444 out of 1596 companies for Piotroski F-Score. This puts Devson Catalyst in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Devson Catalyst's value of 6 is 20% above this benchmark. 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,596 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. Devson Catalyst's current Piotroski F-Score of 6 is 20% 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 Devson Catalyst and its competitors. For the Chemicals 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. Devson Catalyst's current Piotroski F-Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devson Catalyst stock overvalued right now?
Devson Catalyst (BOM:544823) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6 and 20% above the Chemicals industry median of 5.00. Devson Catalyst's overall GF Score™ is 24/100 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 Devson Catalyst (BOM:544823), the current Piotroski F-Score is 6 as of Sep. 10, 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.
Devson Catalyst Ltd is engaged in the business of manufacturing catalysts, adsorbents and ceramic balls, catering to industries such as oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. The Company has a presence in both the domestic and international markets. The majority of revenue is derived from the sale of Catalysts, which enable chemical reactions to occur faster and more efficiently without being consumed during the process, in the domestic markets.
24GF Score
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