DBORF (Diablo Resources) Piotroski F-Score: 3 (As of Jun. 25, 2026) — Near Median


What is Diablo Resources Piotroski F-Score?

Diablo Resources DBORF Piotroski F-Score is 3 as of Jun. 25, 2026, which is at its 10-year median of 3.00. The stock has 1 warning sign investors should review. Among 2,510 Metals & Mining companies, Diablo Resources ranks better than 59.16% on this metric.

Warning Sign:

Piotroski F-Score of 3 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

Diablo Resources has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

DBORF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 3   Max: 3
Current: 3

During the past 4 years, the highest Piotroski F-Score of Diablo Resources was 3. The lowest was 3. And the median was 3.

Diablo Resources  (OTCPK:DBORF) 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.


Diablo Resources Piotroski F-Score Related Terms


Diablo Resources Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Diablo Resources'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.

Diablo Resources Piotroski F-Score Chart

Diablo Resources Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
N/A N/A 3.00 3.00

Diablo Resources Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only 0.00 3.00 0.00 3.00 0.00

DBORF vs NEM, AU: Piotroski F-Score Comparison

For the Gold subindustry, Diablo Resources'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.


Diablo Resources Piotroski F-Score vs Metals & Mining Industry

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

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


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 (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was $-0.50 Mil.
Cash Flow from Operations was $-0.37 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (0.546 + 0.498) / 2 = $0.522 Mil.
Total Assets at the begining of this year (Jun24) was $0.55 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.14 Mil.
Total Current Liabilities was $0.15 Mil.
Net Income was $-6.49 Mil.

Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (6.736 + 0.546) / 2 = $3.641 Mil.
Total Assets at the begining of last year (Jun23) was $6.74 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.55 Mil.
Total Current Liabilities was $0.08 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.

Diablo Resources's current Net Income (TTM) was -0.50. ==> 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.

Diablo Resources's current Cash Flow from Operations (TTM) was -0.37. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun24)
=-0.497/0.546
=-0.91025641

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-6.486/6.736
=-0.96288599

Diablo Resources's return on assets of this year was -0.91025641. Diablo Resources's return on assets of last year was -0.96288599. ==> 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.

Diablo Resources's current Net Income (TTM) was -0.50. Diablo Resources's current Cash Flow from Operations (TTM) was -0.37. ==> -0.37 > -0.50 ==> 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: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0/0.522
=0

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/3.641
=0

Diablo Resources's gearing of this year was 0. Diablo Resources's gearing of last year was 0. ==> 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: Jun25)=Total Current Assets/Total Current Liabilities
=0.139/0.154
=0.9025974

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=0.546/0.076
=7.18421053

Diablo Resources's current ratio of this year was 0.9025974. Diablo Resources's current ratio of last year was 7.18421053. ==> 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.

Diablo Resources's number of shares in issue this year was 113.08. Diablo Resources's number of shares in issue last year was 94. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Diablo Resources's gross margin of this year was . Diablo Resources'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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=0/0.546
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=0/6.736
=0

Diablo Resources's asset turnover of this year was 0. Diablo Resources's asset turnover of last year was 0. ==> 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+Que. 7+Que. 8+Que. 9
=0+0+1+1+1+0+0+0+0
=3

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

Diablo Resources has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Diablo Resources (DBORF) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Diablo Resources and its competitors. This is near median its historical median of 3.00. Over the past decade, Diablo Resources' Piotroski F-Score has ranged from 3.00 to 3.00. According to the industry distribution chart, Diablo Resources ranks #1025 out of 2510 companies in the Metals & Mining industry, placing it in the top 40.8%.
Is Diablo Resources' Piotroski F-Score too high?
Diablo Resources' current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 3.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Diablo Resources' value of 3 is 0% at this industry median. Based on the distribution chart, Diablo Resources ranks #1025 out of 2510 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Diablo Resources' Piotroski F-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Diablo Resources ranks #1025 out of 2510 companies for Piotroski F-Score. This puts Diablo Resources in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Diablo Resources' value of 3 is 0% at this benchmark. Historically, Diablo Resources' own Piotroski F-Score has ranged from 3.00 to 3.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Diablo Resources has consistently been at 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 2,510 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. Diablo Resources's current Piotroski F-Score of 3 is 0% at 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 Diablo Resources 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. Diablo Resources's current Piotroski F-Score is 3, which is near 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 Diablo Resources stock overvalued right now?
Diablo Resources (DBORF) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Metals & Mining industry median of 3.00. 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 Diablo Resources (DBORF), the current Piotroski F-Score is 3 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.

Diablo Resources Business Description

Other Exchanges DBO:Australia
Address 10 Outram Street, Level 2, West Perth, Perth, WA, AUS, 6005
Diablo Resources Ltd is a mining exploration company. It has an interest in Phoenix Copper Project located in southwestern USA, King Solomon Gold Project located west of Salmon in Lemhi County, Idaho, Devils Canyon Gold-Copper Project located within the Carlin Trend, Nevada.