DXST (Decent Holding) Piotroski F-Score: 2 (As of Aug. 25, 2026) — 60% Below Median

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DXST Decent Holding Inc DXST
21 GF Score
Price $2.65
! 4 Warning Signs
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What is Decent Holding Piotroski F-Score?

Decent Holding DXST -10.17% 21 Piotroski F-Score is 2 as of Aug. 25, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates DXST with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 239 Waste Management companies, Decent Holding ranks worse than 91.63% 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

Decent Holding 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 Decent Holding's Piotroski F-Score or its related term are showing as below:

DXST' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 2

During the past 5 years, the highest Piotroski F-Score of Decent Holding was 7. The lowest was 2. And the median was 5.

Decent Holding  (NAS:DXST) 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.


Decent Holding Piotroski F-Score Related Terms


Decent Holding Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Decent Holding'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.

Decent Holding Piotroski F-Score Chart

Decent Holding Annual Data
Trend Oct21 Oct22 Oct23 Oct24 Oct25
Piotroski F-Score
N/A N/A 7.00 5.00 2.00

Decent Holding Semi-Annual Data
Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 5.00 0.00 2.00 0.00

DXST vs AMBIQ, SNRG, CDTG: Piotroski F-Score Comparison

For the Waste Management subindustry, Decent Holding'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.


Decent Holding Piotroski F-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Decent Holding's Piotroski F-Score distribution charts can be found below:

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


DXST
21GF Score
Decent Holding Inc DXST
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Oct25) TTM:Last Year (Oct24) TTM:
Net Income was $-0.32 Mil.
Cash Flow from Operations was $-3.46 Mil.
Revenue was $12.95 Mil.
Gross Profit was $3.39 Mil.
Average Total Assets from the begining of this year (Oct24)
to the end of this year (Oct25) was (11.237 + 17.179) / 2 = $14.208 Mil.
Total Assets at the begining of this year (Oct24) was $11.24 Mil.
Long-Term Debt & Capital Lease Obligation was $0.05 Mil.
Total Current Assets was $16.09 Mil.
Total Current Liabilities was $9.40 Mil.
Net Income was $2.10 Mil.

Revenue was $11.54 Mil.
Gross Profit was $3.21 Mil.
Average Total Assets from the begining of last year (Oct23)
to the end of last year (Oct24) was (5.342 + 11.237) / 2 = $8.2895 Mil.
Total Assets at the begining of last year (Oct23) was $5.34 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Total Current Assets was $9.77 Mil.
Total Current Liabilities was $6.21 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.

Decent Holding's current Net Income (TTM) was -0.32. ==> 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.

Decent Holding's current Cash Flow from Operations (TTM) was -3.46. ==> 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 (Oct24)
=-0.322/11.237
=-0.02865534

ROA (Last Year)=Net Income/Total Assets (Oct23)
=2.103/5.342
=0.39367278

Decent Holding's return on assets of this year was -0.02865534. Decent Holding's return on assets of last year was 0.39367278. ==> 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.

Decent Holding's current Net Income (TTM) was -0.32. Decent Holding's current Cash Flow from Operations (TTM) was -3.46. ==> -3.46 <= -0.32 ==> CFROA <= ROA ==> Score 0.

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: Oct25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct24 to Oct25
=0.054/14.208
=0.00380068

Gearing (Last Year: Oct24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Oct23 to Oct24
=0.014/8.2895
=0.00168888

Decent Holding's gearing of this year was 0.00380068. Decent Holding's gearing of last year was 0.00168888. ==> 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

Current Ratio (This Year: Oct25)=Total Current Assets/Total Current Liabilities
=16.093/9.397
=1.71256784

Current Ratio (Last Year: Oct24)=Total Current Assets/Total Current Liabilities
=9.773/6.206
=1.57476636

Decent Holding's current ratio of this year was 1.71256784. Decent Holding's current ratio of last year was 1.57476636. ==> 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.

Decent Holding's number of shares in issue this year was 0.65. Decent Holding's number of shares in issue last year was 0.65. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=3.387/12.949
=0.2615646

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3.212/11.542
=0.27828799

Decent Holding's gross margin of this year was 0.2615646. Decent Holding's gross margin of last year was 0.27828799. ==> 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 (Oct24)
=12.949/11.237
=1.15235383

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Oct23)
=11.542/5.342
=2.160614

Decent Holding's asset turnover of this year was 1.15235383. Decent Holding's asset turnover of last year was 2.160614. ==> 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+0+0+0+1+1+0+0
=2

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

Decent Holding has an F-score of 2. 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 2 mean?
Decent Holding (DXST) has a Piotroski F-Score of 2 as of Aug. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Decent Holding and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Decent Holding's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Decent Holding ranks #219 out of 239 companies in the Waste Management industry, placing it in the top 91.6%.
Is Decent Holding's Piotroski F-Score too high?
Decent Holding'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 7.00. The Waste Management industry median Piotroski F-Score is 5.00. Decent Holding's value of 2 is 60% below this industry median. Based on the distribution chart, Decent Holding ranks #219 out of 239 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Decent Holding has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Decent Holding's Piotroski F-Score compare to AMBIQ and SNRG?
According to the Waste Management industry distribution chart, Decent Holding ranks #219 out of 239 companies for Piotroski F-Score. This places Decent Holding in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Decent Holding's value of 2 is 60% below this benchmark. Historically, Decent Holding's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Decent Holding 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 239 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. Decent Holding'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 Decent Holding and its competitors. For the Waste Management 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. Decent Holding'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 Decent Holding stock overvalued right now?
Decent Holding (DXST) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Waste Management industry median of 5.00. Decent Holding's overall GF Score™ is 21/100 with 4 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 Decent Holding (DXST), the current Piotroski F-Score is 2 as of Aug. 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.

Decent Holding Business Description

Address No. 106 Aokema Avenue, 4th Floor & 5th Floor North Zone, Dingxin Building, Laishan District, Shandong Province, Yantai, CHN, 264003
Decent Holding Inc through its subsidiary specializes in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration and river ecosystem management by enhancing the water quality, as well as microbial products used for pollutant removal and water quality enhancement. Its main services and products include: wastewater treatment, river water quality management, and microbial products for water quality enhancement and pollutant cleansing purposes. The company's focus is on research and development (R&D) to sharpen its innovation edge.
21GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.65
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