DynaCERT (TSX:DYA) Piotroski F-Score: 2 (As of Jun. 25, 2026) — 50% Below Median


TSX:DYA DynaCERT Inc TSX:DYA
34 GF Score
Price C$0.14
GF Value C$0.08
Valuation Significantly Overvalued
! 6 Warning Signs
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What is DynaCERT Piotroski F-Score?

DynaCERT TSX:DYA +21.74% 34 Piotroski F-Score is 2 as of Jun. 25, 2026, which is 50% below its 10-year median of 4.00. GuruFocus rates TSX:DYA with a GF Score™ of 34/100 and a GF Value™ of C$0.08 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,979 Industrial Products companies, DynaCERT ranks worse than 92.95% 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

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

TSX:DYA' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 6
Current: 2

During the past 13 years, the highest Piotroski F-Score of DynaCERT was 6. The lowest was 1. And the median was 4.

DynaCERT  (TSX:DYA) 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.


DynaCERT Piotroski F-Score Related Terms


DynaCERT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for DynaCERT'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.

DynaCERT Piotroski F-Score Chart

DynaCERT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 4.00 1.00 4.00 2.00

DynaCERT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.00 3.00 3.00 2.00 2.00

TSX:DYA vs GEV, ETN, PH: Piotroski F-Score Comparison

For the Specialty Industrial Machinery subindustry, DynaCERT'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.


DynaCERT Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, DynaCERT's Piotroski F-Score distribution charts can be found below:

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


TSX:DYA
34GF Score
DynaCERT Inc TSX:DYA
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -1.945 + -1.959 + -4.022 + -1.828 = C$-9.75 Mil.
Cash Flow from Operations was -2.778 + -2.926 + -2.007 + -1.805 = C$-9.52 Mil.
Revenue was 0.056 + 0.199 + 0.09 + 0.038 = C$0.38 Mil.
Gross Profit was -0.087 + -0.27 + -0.365 + -0.139 = C$-0.86 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6.561 + 4.725 + 6.145 + 7.921 + 6.326) / 5 = C$6.3356 Mil.
Total Assets at the begining of this year (Mar25) was C$6.56 Mil.
Long-Term Debt & Capital Lease Obligation was C$3.33 Mil.
Total Current Assets was C$2.99 Mil.
Total Current Liabilities was C$5.92 Mil.
Net Income was -1.935 + -3.303 + -3.701 + -2.496 = C$-11.44 Mil.

Revenue was 0.786 + 0.605 + 0.211 + 0.3 = C$1.90 Mil.
Gross Profit was -0.313 + -0.5 + -0.121 + -0.236 = C$-1.17 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5.6 + 5.939 + 4.293 + 3.428 + 6.561) / 5 = C$5.1642 Mil.
Total Assets at the begining of last year (Mar24) was C$5.60 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.01 Mil.
Total Current Assets was C$4.64 Mil.
Total Current Liabilities was C$6.22 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.

DynaCERT's current Net Income (TTM) was -9.75. ==> 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.

DynaCERT's current Cash Flow from Operations (TTM) was -9.52. ==> 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 (Mar25)
=-9.754/6.561
=-1.48666362

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-11.435/5.6
=-2.04196429

DynaCERT's return on assets of this year was -1.48666362. DynaCERT's return on assets of last year was -2.04196429. ==> 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.

DynaCERT's current Net Income (TTM) was -9.75. DynaCERT's current Cash Flow from Operations (TTM) was -9.52. ==> -9.52 > -9.75 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=3.327/6.3356
=0.52512785

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.013/5.1642
=0.00251733

DynaCERT's gearing of this year was 0.52512785. DynaCERT's gearing of last year was 0.00251733. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=2.985/5.918
=0.50439338

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4.644/6.222
=0.7463838

DynaCERT's current ratio of this year was 0.50439338. DynaCERT's current ratio of last year was 0.7463838. ==> 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.

DynaCERT's number of shares in issue this year was 508.287. DynaCERT's number of shares in issue last year was 455.982. ==> 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
=-0.861/0.383
=-2.24804178

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-1.17/1.902
=-0.61514196

DynaCERT's gross margin of this year was -2.24804178. DynaCERT's gross margin of last year was -0.61514196. ==> 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 (Mar25)
=0.383/6.561
=0.05837525

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1.902/5.6
=0.33964286

DynaCERT's asset turnover of this year was 0.05837525. DynaCERT's asset turnover of last year was 0.33964286. ==> 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+0+0+0+0+0
=2

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

DynaCERT 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?
DynaCERT (TSX:DYA) has a Piotroski F-Score of 2 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on DynaCERT and its competitors. This is 50% below median its historical median of 4.00. Over the past decade, DynaCERT's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, DynaCERT ranks #2769 out of 2979 companies in the Industrial Products industry, placing it in the top 93%.
Is DynaCERT's Piotroski F-Score too high?
DynaCERT's current Piotroski F-Score of 2 is 50% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Industrial Products industry median Piotroski F-Score is 5.00. DynaCERT's value of 2 is 60% below this industry median. Based on the distribution chart, DynaCERT ranks #2769 out of 2979 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, DynaCERT has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DynaCERT's Piotroski F-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, DynaCERT ranks #2769 out of 2979 companies for Piotroski F-Score. This places DynaCERT in the lower half of its industry. The industry median Piotroski F-Score is 5.00. DynaCERT's value of 2 is 60% below this benchmark. Historically, DynaCERT's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, DynaCERT 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,979 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. DynaCERT'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 DynaCERT and its competitors. For the Industrial Products 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. DynaCERT's current Piotroski F-Score is 2, which is 50% below 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 DynaCERT stock overvalued right now?
Based on GuruFocus' analysis, DynaCERT (TSX:DYA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.08, compared to a current price of C$0.14 — trading 75% above its estimated fair value. The current Piotroski F-Score is 2, which is 50% below median its 10-year median of 4.00 and 60% below the Industrial Products industry median of 5.00. DynaCERT's overall GF Score™ is 34/100 with 6 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 DynaCERT (TSX:DYA), the current Piotroski F-Score is 2 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.

Is DynaCERT (TSX:DYA) Overvalued in 2026?

Based on GuruFocus' analysis, DynaCERT stock appears to be overvalued. The current stock price of C$0.14 is trading 75% above its estimated GF Value™ of C$0.08. GuruFocus considers DynaCERT to be Significantly Overvalued.

Key valuation signals for TSX:DYA:

  • Piotroski F-Score: 2 (50% below median its 10-year median of 4.00)
  • GF Value™: C$0.08 vs. price of C$0.14 (75% above fair value)
  • GF Score™: 34/100 with 6 warning signs
  • Industry Position: 60% below the Industrial Products median (#2769 of 2979)

No single metric tells the full story. See the TSX:DYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DynaCERT Business Description

Other Exchanges DYFSF:USADMJ:Germany
Address 501 Alliance Avenue, Suite 101, Toronto, ON, CAN, M6N 2J1
DynaCERT Inc is engaged in the design, engineering, testing, manufacturing and distribution of a patent pending transportable hydrogen generator aftermarket product. The system injects hydrogen and oxygen into the air intake manifold, resulting in improved fuel efficiency and reduced carbon emissions. The company's product is HydraGEN, which produces hydrogen and oxygen on demand and is designed for on-road applications. It derives revenue from Europe, Canada, and Other regions.
34GF Score

Get the complete analysis for TSX:DYA

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

C$0.14
Price
C$0.08
GF Value