Golden SonDHA:GOLDENSON -1.20%49 Piotroski F-Score is 2 as of Jun. 30, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates DHA:GOLDENSON with a GF Score™ of 49/100 and a GF Value™ of BDT3.31 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Golden Son ranks worse than 94.92% 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
Golden Son 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 Golden Son's Piotroski F-Score or its related term are showing as below:
DHA:GOLDENSON'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Golden Son was 8. The lowest was 2. And the median was 5.
Golden Son (DHA:GOLDENSON) 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.
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.
Golden Son Piotroski F-Score Related Terms
Golden Son Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Golden Son'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.
DHA:GOLDENSON vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, Golden Son'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.
Golden Son Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Son's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Golden Son'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.
This Year (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was -127.933 + -127.887 + -67.564 + -108.819 = BDT-432.2 Mil. Cash Flow from Operations was 48.093 + -124.528 + -60.821 + 41.039 = BDT-96.2 Mil. Revenue was 42.786 + 65.024 + 22.912 + 23.058 = BDT153.8 Mil. Gross Profit was -51.657 + -75.586 + -21.37 + -21.71 = BDT-170.3 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(8085.324 + 8131.439 + 8130.085 + 8226.387 + 8212.496) / 5 = BDT8157.1462 Mil. Total Assets at the begining of this year (Dec24) was BDT8,085.3 Mil. Long-Term Debt & Capital Lease Obligation was BDT2,662.9 Mil. Total Current Assets was BDT4,143.7 Mil. Total Current Liabilities was BDT2,735.9 Mil.
Net Income was -1.843 + -93.321 + -12.016 + -45.676 = BDT-152.9 Mil.
Revenue was 189.462 + 228.674 + 141.321 + 194.339 = BDT753.8 Mil. Gross Profit was 43.876 + 69.464 + 30.215 + 57.826 = BDT201.4 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(7833.908 + 7844.115 + 7967.328 + 7980.303 + 8085.324) / 5 = BDT7942.1956 Mil. Total Assets at the begining of last year (Dec23) was BDT7,833.9 Mil. Long-Term Debt & Capital Lease Obligation was BDT2,510.2 Mil. Total Current Assets was BDT4,197.8 Mil. Total Current Liabilities was BDT2,334.0 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.
Golden Son's current Net Income (TTM) was -432.2.
==> 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.
Golden Son's return on assets of this year was -0.05345525. Golden Son's return on assets of last year was -0.0195121.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Golden Son's current ratio of this year was 1.51455704. Golden Son's current ratio of last year was 1.79851963.
==> 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.
Golden Son's number of shares in issue this year was 171.73. Golden Son's number of shares in issue last year was 171.73.
==> 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.
Golden Son's gross margin of this year was -1.10757576. Golden Son's gross margin of last year was 0.26715584.
==> 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
Golden Son's asset turnover of this year was 0.01901965. Golden Son's asset turnover of last year was 0.09622222.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Golden Son has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Golden Son (DHA:GOLDENSON) has a Piotroski F-Score of 2 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Golden Son and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Golden Son's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Golden Son ranks #1812 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 94.9%.
Is Golden Son's Piotroski F-Score too high?
Golden Son's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Golden Son's value of 2 is 60% below this industry median. Based on the distribution chart, Golden Son ranks #1812 out of 1909 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Golden Son has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golden Son's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Golden Son ranks #1812 out of 1909 companies for Piotroski F-Score. This places Golden Son in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Golden Son's value of 2 is 60% below this benchmark. Historically, Golden Son's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Golden Son 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Golden Son'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 Golden Son and its competitors. For the Consumer Packaged Goods 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. Golden Son's current Piotroski F-Score is 2, which is 60% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Son stock overvalued right now?
Based on GuruFocus' analysis, Golden Son (DHA:GOLDENSON) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT3.31, compared to a current price of BDT16.50 — trading 398.5% above its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Consumer Packaged Goods industry median of 5.00. Golden Son's overall GF Score™ is 49/100 with 10 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 Golden Son (DHA:GOLDENSON), the current Piotroski F-Score is 2 as of Jun. 30, 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 Golden Son (DHA:GOLDENSON) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Son stock appears to be overvalued.
The current stock price of BDT16.50 is trading 398.5% above its estimated GF Value™ of BDT3.31.
GuruFocus considers Golden Son to be Significantly Overvalued.
Key valuation signals for DHA:GOLDENSON:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: BDT3.31 vs. price of BDT16.50 (398.5% above fair value)
Industry Position: 60% below the Consumer Packaged Goods median (#1812 of 1909)
No single metric tells the full story. See the DHA:GOLDENSON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Son Ltd manufactures, imports, exports and sells hot pot, food warmer, fan components, baby toys, plastic products, garments accessories, and solar lightings. Its principal activities include manufacturing of household electronics and electrical goods, Twill tape, hotpots and various types of toys, etc. Its products segments is divided into 3 sectors garments accessories including adjustable elastic, buttonhole elastic, selvedge tape, canvas tape, gross grain tape, herringbone twill tape, among others; Light Engineering Products such as dream pot, dream food warmer, and accessories; screw including wooden screw, self-drilling screw, roofing screw, tapping screw, and pan head screw; Toys for children's that include soft toys.
49GF Score
Get the complete analysis for DHA:GOLDENSON
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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