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EARTH SCIENCE TECH, INC.

ETST · Healthcare · $35M mkt cap · FY2026 filings · · not refreshed in 39 days · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

85

2023–2026 (latest 4 aligned FYs; v3 window cap 5): revenue $48537 to $35.7M, increasing; diluted EPS -0.00 to 0.01, increasing.

41

Median gross margin 41.7% over 9y, variable.

34

Median ROIC 8.8%, above the 12% hurdle in 50% of years.

—

Insufficient leverage/coverage inputs to score the balance sheet.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
Around the value if growth stopped today
$3.2M
$0.12
$0.12
$0.12
Around the value if growth stopped today

A discount this large is often a warning rather than a bargain — the market may expect earnings to keep falling. See the revenue trend above.

How to read this

What today’s price assumes: owner earnings shrinking ~0%/yr over 5 years. The estimate assumes owner earnings stay flat (0% growth).

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

15 years of fundamentals

The business, in plain English

EARTH SCIENCE TECH, INC. booked $35.7M of revenue in FY2026 in the Healthcare sector and kept 71.4% of it as gross profit — a high-margin business by that measure. After every other cost, 10.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $22421 (FY2012) to $35.7M (FY2026) — about 69.3% a year compounded over 14 years.

ROIC is not available for the latest filed year, FY2026. Across the full 4-year measurable filed record, median ROIC was −573.1%. Over the v3 recent window (2 measurable filed years), median ROIC was 8.8%. The Returns on Capital filter above scores it 34/100.

ETST's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2011–FY2026 · 15 fiscal years, normalized from ETST’s SEC filings

Sales, as filed$35.7M FY2026
$0$20M2011201720222026
Revenue kept after cost of goods71.4% FY2026
0%2011201720222026
Standard ROIC or separately labeled Operating ROICROIC 56.6% FY2024

Not meaningful FY2022: invested capital is negative (cash exceeds debt + equity)

−1000%0%2011201720222026
Cash an owner could take out$3.6M FY2026
−$5M$02011201720222026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How EARTH SCIENCE TECH, INC. makes its money

EARTH SCIENCE TECH, INC.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$35.7M100%
Cost of revenue$10.2M29%
$25.5M71%
Income before tax$3.1M9%
Income tax−$511676−1%
$3.6M10%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What EARTH SCIENCE TECH, INC. owns — and owes

EARTH SCIENCE TECH, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$9M100%
Cash and equivalents$7967979%
Stockholders’ equity$7M78%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives EARTH SCIENCE TECH, INC.’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income$3.6MFY2026
Income before tax$3.1MFY2026
Operating incomeUnavailableFY2026
Revenue$35.7MFY2026
Ending assets$9MFY2026
Beginning assets$7.1MFY2025
Ending equity$7MFY2026
Beginning equity$3.9MFY2025
Source:
  • SEC filingFiling detailsAccession 0001493152-26-029160
  • SEC filingFiling detailsAccession 0001641172-25-016717
· event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

Where EARTH SCIENCE TECH, INC.'s cash went

EARTH SCIENCE TECH, INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$1.9M100%
Depreciation and amortization$28439615%
Source: · event Mar 31, 2026 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding EARTH SCIENCE TECH, INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What EARTH SCIENCE TECH, INC. insiders reported

The complete Form 4 source snapshot retrieved on Sep 4, 2026 contains no transaction rows.

Verified empty: the retrieved source snapshot contains no transaction event.

Source snapshot retrieved 2026-09-04T07:00:16.464Z · SEC Form 4

Moat Score history

15 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale46.1 / 100
0406080100WideNarrowShallowNo moatJul 20, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

No reported Form 4 transactions were found in the complete checked issuer window for ETST, –. The totals and cluster result below are arithmetic over that certified window.

$0
P purchases minus S sales only, Sep 4, 2025–Sep 4, 2026.
0 P / 0 S
Only P and S are included; awards, gifts, exercises, withholding, and other mechanics are excluded.
No
Requires at least 3 distinct insiders with P purchases.

Transaction-code histogram

Supporting event counts for the same certified window, Sep 4, 2025–Sep 4, 2026.

P
0
S
0
A
0
F
0
M
0
G
0
C
0
J
0
W
0

Retrieved .

Track record

How EARTH SCIENCE TECH, INC.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2012–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored ETST on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score5102050100Indexed price · log scale (2014 = 100)201220152018202120242026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, ETST did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Healthcare context

#241 of 710 scored Healthcare companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #239MASS 908 DEVICES INC.46.2Shallow moat
  2. #240LUCY Innovative Eyewear, Inc.46.2Shallow moat
  3. #242RYTM RHYTHM PHARMACEUTICALS, INC.46.0Shallow moat
  4. #243PAHC Phibro Animal Health Corporation45.9Shallow moat

Compare ETST with its nearest peers →All Healthcare companies on the Index →

Common questions about ETST

Does EARTH SCIENCE TECH, INC. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores EARTH SCIENCE TECH, INC. (ETST) 46.1 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 85, pricing power 41, returns on capital 34, balance-sheet safety not measurable from the filings, capital allocation 24.
Is ETST trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $0.12 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $0.12, that is around the value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has ETST's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 46.1 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell ETST. See the disclaimer.