HSTI (High Sierra Technologies) Piotroski F-Score: 1 (As of Jun. 25, 2026) — 50% Below Median


HSTI High Sierra Technologies Inc HSTI
18 GF Score
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What is High Sierra Technologies Piotroski F-Score?

High Sierra Technologies HSTI 18 Piotroski F-Score is 1 as of Jun. 25, 2026, which is 50% below its 10-year median of 2.00. GuruFocus rates HSTI with a GF Score™ of 18/100. The stock has 4 warning signs investors should review.

Warning Sign:

Piotroski F-Score of 1 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

High Sierra Technologies has an F-score of 1. It is a bad or low score, which usually implies poor business operation.

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

HSTI' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 2   Max: 4
Current: 1

During the past 13 years, the highest Piotroski F-Score of High Sierra Technologies was 4. The lowest was 1. And the median was 2.

High Sierra Technologies  (OTCPK:HSTI) 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.


High Sierra Technologies Piotroski F-Score Related Terms


High Sierra Technologies Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for High Sierra Technologies'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.

High Sierra Technologies Piotroski F-Score Chart

High Sierra Technologies Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A 4.00 2.00 2.00

High Sierra Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Jun24 Sep24 Jun25 Sep25
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 2.00 2.00 N/A 1.00 1.00

HSTI vs HYEX, APUS, INIS: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, High Sierra Technologies'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.


High Sierra Technologies Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, High Sierra Technologies's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where High Sierra Technologies's Piotroski F-Score falls into.


HSTI
18GF Score
High Sierra Technologies Inc HSTI
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Sep25) TTM:Last Year (Sep23) TTM:
Net Income was -0.041 + -1.193 + -0.045 + -0.163 = $-1.44 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep25) was
(0.066 + 0 + 0 + 0.011 + 0.011) / 5 = $0.02933333 Mil.
Total Assets at the begining of this year (Sep23) was $0.07 Mil.
Long-Term Debt & Capital Lease Obligation was $0.14 Mil.
Total Current Assets was $0.00 Mil.
Total Current Liabilities was $1.01 Mil.
Net Income was -0.106 + -0.095 + -0.096 + -0.094 = $-0.39 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(0.109 + 0.102 + 0.082 + 0.059 + 0.066) / 5 = $0.0836 Mil.
Total Assets at the begining of last year (Sep22) was $0.11 Mil.
Long-Term Debt & Capital Lease Obligation was $0.18 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $0.65 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.

High Sierra Technologies's current Net Income (TTM) was -1.44. ==> 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.

High Sierra Technologies's current Cash Flow from Operations (TTM) was 0.00. ==> 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 (Sep23)
=-1.442/0.066
=-21.84848485

ROA (Last Year)=Net Income/Total Assets (Sep22)
=-0.391/0.109
=-3.58715596

High Sierra Technologies's return on assets of this year was -21.84848485. High Sierra Technologies's return on assets of last year was -3.58715596. ==> 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.

High Sierra Technologies's current Net Income (TTM) was -1.44. High Sierra Technologies's current Cash Flow from Operations (TTM) was 0.00. ==> 0.00 > -1.44 ==> 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: Sep25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep25
=0.143/0.02933333
=4.87500055

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0.176/0.0836
=2.10526316

High Sierra Technologies's gearing of this year was 4.87500055. High Sierra Technologies's gearing of last year was 2.10526316. ==> 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: Sep25)=Total Current Assets/Total Current Liabilities
=0.002/1.007
=0.0019861

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=0.019/0.646
=0.02941176

High Sierra Technologies's current ratio of this year was 0.0019861. High Sierra Technologies's current ratio of last year was 0.02941176. ==> 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.

High Sierra Technologies's number of shares in issue this year was 20.759. High Sierra Technologies's number of shares in issue last year was 20.642. ==> 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
=

High Sierra Technologies's gross margin of this year was . High Sierra Technologies'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 (Sep23)
=0/0.066
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=0/0.109
=0

High Sierra Technologies's asset turnover of this year was 0. High Sierra Technologies'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+0+1+0+0+0+0+0
=1

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

High Sierra Technologies has an F-score of 1. 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 1 mean?
High Sierra Technologies (HSTI) has a Piotroski F-Score of 1 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on High Sierra Technologies and its competitors. This is 50% below median its historical median of 2.00. Over the past decade, High Sierra Technologies' Piotroski F-Score has ranged from 1.00 to 4.00.
Is High Sierra Technologies' Piotroski F-Score too high?
High Sierra Technologies' current Piotroski F-Score of 1 is 50% below median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 4.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. High Sierra Technologies' value of 1 is 80% below this industry median. Overall, High Sierra Technologies has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does High Sierra Technologies' Piotroski F-Score compare to HYEX and APUS?
High Sierra Technologies' Piotroski F-Score of 1 can be compared against companies in the Drug Manufacturers industry. The industry median Piotroski F-Score is 5.00. High Sierra Technologies' value of 1 is 80% below this benchmark. Historically, High Sierra Technologies' own Piotroski F-Score has ranged from 1.00 to 4.00 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 5.00, High Sierra Technologies 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 981 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. High Sierra Technologies's current Piotroski F-Score of 1 is 80% 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 High Sierra Technologies and its competitors. For the Drug Manufacturers 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. High Sierra Technologies's current Piotroski F-Score is 1, which is 50% below median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Sierra Technologies stock overvalued right now?
High Sierra Technologies (HSTI) has a current Piotroski F-Score of 1. The current Piotroski F-Score is 1, which is 50% below median its 10-year median of 2.00 and 80% below the Drug Manufacturers industry median of 5.00. High Sierra Technologies' overall GF Score™ is 18/100 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 High Sierra Technologies (HSTI), the current Piotroski F-Score is 1 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.

High Sierra Technologies Business Description

Address 1495 Ridgeview Drive, Suite 230A, Reno, NV, USA, 89519
High Sierra Technologies Inc is a start-up that develops and expands its intellectual property portfolio with an emphasis on the recreational cannabis industry as well as the industrial hemp industry. The company owns two provisional patent applications for producing new and novel cannabis products including low odor cannabis for smoking or as the starting materials for producing low odor cannabis products or flavored cannabis products.
18GF Score

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