DGCMF (Digital Commodities) Piotroski F-Score: 4 (As of Jun. 27, 2026) — Near Median


What is Digital Commodities Piotroski F-Score?

Digital Commodities DGCMF -7.43% Piotroski F-Score is 4 as of Jun. 27, 2026, which is at its 10-year median of 4.00. Among 782 Capital Markets companies, Digital Commodities ranks worse than 56.91% 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

Digital Commodities has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

DGCMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 5
Current: 4

During the past 4 years, the highest Piotroski F-Score of Digital Commodities was 5. The lowest was 2. And the median was 4.

Digital Commodities  (OTCPK:DGCMF) 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.


Digital Commodities Piotroski F-Score Related Terms


Digital Commodities Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Digital Commodities'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.

Digital Commodities Piotroski F-Score Chart

Digital Commodities Annual Data
Trend Feb22 Feb23 Feb24 Feb25
Piotroski F-Score
N/A N/A 2.00 5.00

Digital Commodities Quarterly Data
Aug20 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25
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 4.00 5.00 4.00 4.00 4.00

DGCMF vs ZTS: Piotroski F-Score Comparison

For the Capital Markets subindustry, Digital Commodities'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.


Digital Commodities Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Digital Commodities's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Digital Commodities'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 (Nov25) TTM:Last Year (Nov24) TTM:
Net Income was -0.931 + -0.196 + -0.406 + -0.021 = $-1.55 Mil.
Cash Flow from Operations was -0.3 + -0.265 + -0.243 + -0.295 = $-1.10 Mil.
Revenue was 0.052 + 0 + 0 + 0 = $0.05 Mil.
Gross Profit was -0.11 + 0 + 0 + 0 = $-0.11 Mil.
Average Total Assets from the begining of this year (Nov24)
to the end of this year (Nov25) was
(0.687 + 1.342 + 1.203 + 2.504 + 2.416) / 5 = $1.6304 Mil.
Total Assets at the begining of this year (Nov24) was $0.69 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $2.42 Mil.
Total Current Liabilities was $0.00 Mil.
Net Income was -0.39 + 0.014 + -0.291 + -0.107 = $-0.77 Mil.

Revenue was -0.35 + 0.004 + 0.026 + 0.016 = $-0.30 Mil.
Gross Profit was -0.14 + -0.113 + -0.008 + -0.025 = $-0.29 Mil.
Average Total Assets from the begining of last year (Nov23)
to the end of last year (Nov24) was
(1.135 + 0.468 + 0.539 + 0.522 + 0.687) / 5 = $0.6702 Mil.
Total Assets at the begining of last year (Nov23) was $1.14 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $0.67 Mil.
Total Current Liabilities was $0.36 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.

Digital Commodities's current Net Income (TTM) was -1.55. ==> 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.

Digital Commodities's current Cash Flow from Operations (TTM) was -1.10. ==> 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 (Nov24)
=-1.554/0.687
=-2.26200873

ROA (Last Year)=Net Income/Total Assets (Nov23)
=-0.774/1.135
=-0.68193833

Digital Commodities's return on assets of this year was -2.26200873. Digital Commodities's return on assets of last year was -0.68193833. ==> Last year is higher ==> Score 0.

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.

Digital Commodities's current Net Income (TTM) was -1.55. Digital Commodities's current Cash Flow from Operations (TTM) was -1.10. ==> -1.10 > -1.55 ==> 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: Nov25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov24 to Nov25
=0/1.6304
=0

Gearing (Last Year: Nov24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Nov23 to Nov24
=0/0.6702
=0

Digital Commodities's gearing of this year was 0. Digital Commodities'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: Nov25)=Total Current Assets/Total Current Liabilities
=2.416/0.002
=1208

Current Ratio (Last Year: Nov24)=Total Current Assets/Total Current Liabilities
=0.67/0.357
=1.8767507

Digital Commodities's current ratio of this year was 1208. Digital Commodities's current ratio of last year was 1.8767507. ==> 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.

Digital Commodities's number of shares in issue this year was 168.67. Digital Commodities's number of shares in issue last year was 102.403. ==> 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
=-0.11/0.052
=-2.11538462

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-0.286/-0.304
=0.94078947

Digital Commodities's gross margin of this year was -2.11538462. Digital Commodities's gross margin of last year was 0.94078947. ==> 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 (Nov24)
=0.052/0.687
=0.07569141

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Nov23)
=-0.304/1.135
=-0.26784141

Digital Commodities's asset turnover of this year was 0.07569141. Digital Commodities's asset turnover of last year was -0.26784141. ==> 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+0+0+1+1+1+0+0+1
=4

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

Digital Commodities has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Digital Commodities (DGCMF) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Digital Commodities and its competitors. This is near median its historical median of 4.00. Over the past decade, Digital Commodities' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Digital Commodities ranks #445 out of 782 companies in the Capital Markets industry, placing it in the top 56.9%.
Is Digital Commodities' Piotroski F-Score too high?
Digital Commodities' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Capital Markets industry median Piotroski F-Score is 5.00. Digital Commodities' value of 4 is 20% below this industry median. Based on the distribution chart, Digital Commodities ranks #445 out of 782 companies in the Capital Markets industry, which is below the industry midpoint.
How does Digital Commodities' Piotroski F-Score compare to ZTS?
According to the Capital Markets industry distribution chart, Digital Commodities ranks #445 out of 782 companies for Piotroski F-Score. This places Digital Commodities in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Digital Commodities' value of 4 is 20% below this benchmark. Historically, Digital Commodities' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Digital Commodities 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 a Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 782 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. Digital Commodities's current Piotroski F-Score of 4 is 20% 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 Digital Commodities and its competitors. For the Capital Markets 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. Digital Commodities's current Piotroski F-Score is 4, which is near 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 Digital Commodities stock overvalued right now?
Digital Commodities (DGCMF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Capital Markets 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 Digital Commodities (DGCMF), the current Piotroski F-Score is 4 as of Jun. 27, 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.

Digital Commodities Business Description

Other Exchanges DIGI:Canada
Address 1111 West Hastings Street, 15th Floor, Vancouver, BC, CAN, V6E 2J3
Digital Commodities Inc is an Investment company. The company focuses on focused on acquiring and utilizing bitcoin and gold as functional stores of value.