Select Water Solutions, Inc.
WTTRAbout the company
Select Water Solutions, Inc. provides water management solutions to the energy industry in the United States. It operates in three segments: Water Infrastructure, Water Services, and Chemical Technologies. Its Water Infrastructure segment engages in the recycling, gathering, transferring, and disposal of water through a network of permanent pipeline infrastructure, water recycling and treatment facilities, water storage facilities, and SWDs and landfills; fluid disposals; pipelines and logistics; and solid management services.
Investment snapshot
Positive
2
BUY / PASS
Neutral / negative
1 / 13
NEUTRAL / FAIL
Median fair value
—
No comparable estimates
Models with upside
0 / 17
Positive margin of safety
Strongest signal
7 of 12 pass — Graham, Buffett, Lynch +2 more object
Key risk
No clean pass — all 16 investors flag at least one profitability criterion
Framework analysis
| Verdict | Meaning |
|---|---|
| BUY | Positive purchase signal: the framework's buy requirements are met. |
| PASS | The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state. |
| NEUTRAL | Neither a positive nor negative conclusion. It does not mean to hold an existing position. |
| FAIL | The company does not clear the framework's requirements. |
| Ranked | Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL. |
Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.
| Metric | Graham Defensive Value | Buffett Quality Compounder | Lynch GARP | Greenblatt Magic Formula | Piotroski F-Score | Dreman Contrarian Value | Munger Quality Focus | Pabrai Dhandho Framework | Akre Three-Legged Stool | Marks Risk-Aware Value | Ackman Activist Value | Templeton Global Bargain Hunter | Sleep Scale Economies Shared | Asness Systematic Factors | Neff Low-P/E Total Return | Schloss Asset-Value Discipline | O'Shaughnessy Systematic Factor Composite |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Verdict | FAIL | FAIL | FAIL | FAIL · Rank #1644 (Top 53.1%) | FAIL | FAIL | PASS | FAIL | FAIL | FAIL | FAIL | FAIL | FAIL | BUY | FAIL | FAIL | NEUTRAL |
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| Analysis | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… |
| Intrinsic Value (annual) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Margin of Safety | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financial Basis | TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Annual history · FY 2025 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30 vs 2025-09-30 · TTM ended 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | TTM ended 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-02-18 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-02-18 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 · Qualitative assessment Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-02-18 Score computed: 2026-11-14 | TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-09 Score computed: 2026-11-14 | TTM ended 2026-09-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-11-09 Score computed: 2026-11-14 |
Where It Passes
- Debt & Leverage58% pass✓ 10✗ 5▾
7 of 12 pass — Graham, Buffett, Lynch +2 more object
LT Debt vs Net Current AssetsLT Debt $227.8M vs NCA $153.2M✗GrahamLT Debt <= Net Current AssetsDebt/Equity & Interest CoverageD/E: 0.22, IC: 3.4x✗BuffettD/E < 0.5 AND Interest Coverage > 5xTotal Debt / Equity0.22✓Lynch< 0.33Cash - Long-term Debt$-193.7M✗LynchPositive preferredLT Debt / Total Assets Change6.22% -> 17.86%✗PiotroskiDecreased YoYCurrent Assets / Current Liabilities1.61✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)Total Debt / Shareholders' Equity0.22✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00xDebt Levels0.22✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3Interest Coverage & Debt/EBITDAIC=3.4x, D/EBITDA=1.1x✓MarksInterest Coverage > 3x; Debt/EBITDA < 4xTotal Debt / Shareholders Equity0.22✓Ackman<= 1.0Negative debt-to-equity (higher means less debt)-0.2226; #1761/4210 (top 41.8%)✗AsnessTop 30% of eligible cross-section
Where It Falls Short
- Profitability0% pass✓ 3✗ 32▾
No clean pass — all 16 investors flag at least one profitability criterion
Positive EPS (10 years)0/11 years positive✗GrahamPositive EPS every year for 10 yearsEPS Growth (3-yr avg, 10-yr window)✗Graham>= 33% growthNet Income Positive (10+ years)6/11 years positive✗BuffettPositive every year for 10+ yearsROE (up to 5-year arithmetic mean)3.1%✗Buffett> 15% arithmetic mean (app rule)Operating Margin (10-yr trend)2.0% (latest)✓BuffettStable or rising over 10 yearsFree Cash Flow Proxy$-268.0M✗BuffettPositive and growingEarnings Variance (10-yr CoV)✗BuffettCoV < 0.3Retained Earnings Effectiveness✗Buffett$1 retained -> > $1 market value createdBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passROE4.6%✗Lynch> 15%EBIT / Enterprise Value2.9%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=2.9%, ROC=6.7%✗GreenblattBoth EY > 10% and ROC > 25%Net Income / Total Assets1.33%✓PiotroskiROA > 0ROA Change YoY2.24% -> 1.33% (delta: -0.91%)✗PiotroskiCurrent ROA > Prior ROA(CFO / Total Assets) vs ROACFO/Assets=13.45%, ROA=1.33%✓PiotroskiCFO/Assets > ROAGross Margin Change YoY15.1% -> 14.4%✗PiotroskiImproved YoYPre-Tax Income / Revenue4.1%✗Dreman>= 8%Net Income / Shareholders' Equity4.6%✗Dreman> 12%Margin of Safety✗PabraiP/B < 1.5 or P/E < 15Return on Equity5.4% (3-yr avg)✗AkreROE > 20% (3-year avg)Discount to Intrinsic Value✗Marks>= 20% below intrinsic valuePositive Net Income Frequency6/11 years positive✗MarksPositive net income in >= 7 of last 10 yearsOperating Income / Revenue5.2%✗Ackman>= 15%Net Income / Shareholders Equity4.6%✗Ackman>= 15%5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Operating Margin Trend3.9% (2023) -> 2.0% (2025)✗TempletonNon-negative operating-margin trend over 3 yearsRevenue growth vs. gross and operating margin trendgross margin 14.6% -> 14.4%, operating margin 3.9% -> 2.0%✗SleepRevenue rising; gross margin flat or falling; operating margin holdingNet income / market capitalization+2.02%; #2727/6340 (top 43.0%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionGross profit / total assets+14.79%; #2439/3702 (top 65.9%)✗AsnessTop 30% of eligible cross-sectionNet income / positive book equity+4.55%; #2508/5226 (top 48.0%)✗AsnessTop 30% of eligible cross-sectionNegative 5-year standard deviation of ROA-0.0354; #2122/5884 (top 36.1%)✗AsnessTop 30% of eligible cross-section3-5 Year Diluted EPS CAGR✗Neff7%-20% annualizedPositive Diluted-EPS Years✗Schloss>= 70% positive over 5-10 observed years (app rule) - Valuation0% pass✗ 28▾
All 13 investors flag WTTR's valuation
Price / 3-yr avg EPS✗Graham<= 15xPrice-to-Book Ratio✗Graham<= 1.5xP/E x P/B✗Graham<= 22.5Basic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)EBIT / Enterprise Value2.9%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=2.9%, ROC=6.7%✗GreenblattBoth EY > 10% and ROC > 25%Price / EPS✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)Price / (CFO / Shares)✗Dreman< 8xPrice / Book Value per Share✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)Valuation Reasonableness✗MungerP/E < 25 or Owner Earnings Yield > 5%P/E or FCF YieldFCF Yield=-3.2%✗PabraiP/E < 15 or FCF Yield > 10%P/B or P/E vs. Historical Average✗MarksP/E < 15 or P/B < 2.0Discount to Intrinsic Value✗Marks>= 20% below intrinsic valuePrice / FCF per Share✗Ackman<= 25Price vs. Trailing Low204% of trailing low ($8.04)✗Templeton<= 120% of trailing low (certified split-adjusted live window)Net income / market capitalization+2.02%; #2727/6340 (top 43.0%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionPositive book equity / market capitalization+0.4441; #3082/6449 (top 47.8%)✗AsnessTop 30% of eligible cross-sectionPrice / Diluted EPS✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)(EPS CAGR % + Dividend Yield %) / P/E✗Neff> 0.7 (Neff's published traditional edge)Price / Tangible Book Value per Share✗SchlossP/TBV <= 1.00x (app cutoff)Book Value per Share Change✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)Revenue / market capitalization+0.6160; #2350/5247 (top 44.8%)✗OshaughnessyTop 10% of eligible cross-section(Operating cash flow - capex) / market capitalization-2.58%; #2804/4519 (top 62.0%)✗OshaughnessyTop 10% of eligible cross-sectionTrailing six-month price return through the evaluation date+8.38%; #1944/6202 (top 31.3%)✗OshaughnessyTop 10% of eligible cross-section - Growth0% pass✓ 1✗ 12▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)✗Graham>= 33% growthBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passInventory Growth vs Revenue GrowthInv: 26.9% vs Rev: 7.8%✗LynchInventory growth < Revenue growthEPS Growth Direction✗DremanPositive over recent yearsEPS CAGR✗Dreman> 5% annualizedPositive Net Income Frequency6/11 years positive✗MarksPositive net income in >= 7 of last 10 years3yr Median Revenue Growth-3.1%✗Ackman>= 5%Positive EPS Growth Frequency✗AckmanPositive EPS growth in >= 3 of last 5 years5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Revenue growth vs. gross and operating margin trendgross margin 14.6% -> 14.4%, operating margin 3.9% -> 2.0%✗SleepRevenue rising; gross margin flat or falling; operating margin holding5-year Revenue CAGR18.4%✓SleepCAGR > 7%3-5 Year Diluted EPS CAGR✗Neff7%-20% annualized - Efficiency13% pass✓ 1✗ 10▾
7 of 8 flag WTTR's efficiency — Graham, Buffett, Greenblatt +4 more
Current Ratio1.61✗Graham>= 2.0ROIC (3-5 yr avg)1.5%✗Buffett> 10%ROIC - WACC-8.5%✗BuffettPositive (WACC = 10%)EBIT / (NWC + Net Fixed Assets)6.7%✗Greenblatt> 25%Current Ratio Change YoY1.65 -> 1.57✗PiotroskiIncreased YoYRevenue / Total Assets Change YoY1.06x -> 0.88x✗PiotroskiImproved YoYCurrent Assets / Current Liabilities1.61✓Dreman> 1.5Return on Invested Capital4.6%✗Munger> 15%ROIC (high and growing)FY2023: ROIC=6.3%; FY2024: ROIC=4.9%; FY2025: ROIC=2.0%✗AkreLatest 3 consecutive FYs: ROIC > 15% in eachReinvestment Rate x ROIC1.3% (RR=27% x ROIC=4.6%)✗AkreReinvestment Rate * ROIC > 10%ROIC (5-year)0/5 years above 12% (latest 2.0%)✗SleepROIC > 12% in a majority of years - Verdicts13% pass✓ 2✗ 14▾
Split decision: 13 FAIL · 1 PASS · 1 BUY · 1 NEUTRAL
Overall verdict✗GrahamFAIL (1/9)✗BuffettFAIL (1/9)✗LynchFAIL (1/7)✗GreenblattRank #1644✗PiotroskiFAIL (F-Score 3)✗DremanFAIL (3/11)✓MungerPASS (2/4)✗PabraiFAIL (0/3)✗AkreFAIL (1/6)✗MarksFAIL (2/5)✗AckmanFAIL (2/9)✗TempletonFAIL (3/8)✗SleepFAIL (2/6)✓AsnessBUY (Rank #574/2370 (Top 24.2%))✗NeffFAIL (1/6)✗SchlossFAIL (3/7)•OshaughnessyNEUTRAL (Not ranked) - Cash Flow30% pass✓ 4✗ 8▾
7 of 10 flag WTTR's cash flow — Buffett, Lynch, Dreman +4 more
Free Cash Flow Proxy$-268.0M✗BuffettPositive and growingFCF Positive and Growing$-63.6M✗LynchPositive and growingOperating Cash Flow$214.7M✓PiotroskiCFO > 0(CFO / Total Assets) vs ROACFO/Assets=13.45%, ROA=1.33%✓PiotroskiCFO/Assets > ROAPrice / (CFO / Shares)✗Dreman< 8xP/E or FCF YieldFCF Yield=-3.2%✗PabraiP/E < 15 or FCF Yield > 10%FCF Positive6/11 years FCF positive✓MarksPositive FCF in majority of recent years(OCF - CapEx) / Market Cap✗Ackman>= 4%Price / FCF per Share✗Ackman<= 25Positive Operating Cash Flow frequency9/11 years positive✓SleepPositive OCF in >= 70% of available yearsOperating Cash Flow - Capital Expenditures$-63.6M✗Neff> $0 (app proxy for a strong fundamental case)(Operating cash flow - capex) / market capitalization-2.58%; #2804/4519 (top 62.0%)✗OshaughnessyTop 10% of eligible cross-section
Business & financials
Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.
Company Profile
Financial Snapshot
Shareholder Return
Fiscal 2025
Share retirement not available for this company.
- Buybacks
- $7.3M
- Dividends
- $33.7M
Company Financials
Latest TTM and quarters alongside annual years
TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.
The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.
| Metric | TTM · 2026-09-30 2025-10-01 – 2026-09-30 Sources · derived quarter valuesDerived from cumulative filings: revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense, operating cash flow, depreciation amortization, capex, dividends paid, buybacks. | Q3 FY 2026 2026-07-01 – 2026-09-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex, dividends paid, buybacks. | Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex, dividends paid, buybacks. | Q1 FY 2026 2026-01-01 – 2026-03-31 Sources | FY 2025Sources
| FY 2024Sources
| FY 2023Sources
| FY 2022Sources
| FY 2021Sources
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|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.5Bcurrent | -- | -- | -- | -- | -- | -- | -- | -- |
| Revenue | $1.5B↑8% | $412.2M↑28% | $395.8M↑9% | $366.0M↓2% | $1.4B↓3% | $1.5B↓8% | $1.6B↑14% | $1.4B↑81% | $764.6M |
| Operating Income | $78.8M↑148% | $26.9M↑1617% | $34.3M↑123% | $18.0M↑16% | $28.8M↓47% | $54.5M↓11% | $61.2M↑56% | $39.2M↑160% | -$65.5M |
| Net Income | $49.9M↑150% | $20.6M↑668% | $21.0M↑98% | $8.6M↑4% | $21.2M↓31% | $30.6M↓59% | $74.4M↑54% | $48.3M↑214% | -$42.2M |
| EPS (Diluted) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Margin | 17.7%↑24% | 19.7%↑46% | 19.4%↑22% | 17.8%↑20% | 14.4%↓5% | 15.1%↑3% | 14.6%↑26% | 11.6%↑325% | 2.7% |
| Operating Margin | 5.2%↑130% | 6.5%↑1286% | 8.7%↑105% | 4.9%↑18% | 2.0%↓45% | 3.8%↓3% | 3.9%↑37% | 2.8%↑133% | -8.6% |
| ROE | 4.6%↑85% | — | — | — | 2.6%↓32% | 3.9%↓60% | 9.6%↑53% | 6.3%↑188% | -7.1% |
| Total Debt | $244.0M↓19% | $244.0M↓19% | $259.6M↓4% | $246.5M | $316.3M↑271% | $85.2M↑11399% | $741.0K↓95% | $16.0M↑11593% | $137.0K |
| Shareholders' Equity | $1.1B↑36% | $1.1B↑36% | $1.0B↑31% | $991.5M↑25% | $805.6M↑2% | $793.5M↑3% | $772.5M↑1% | $766.0M↑29% | $592.1M |
| Current Ratio | 1.61↓2% | 1.61↓2% | 1.58↓21% | 1.92↑5% | 1.57↓5% | 1.65↓23% | 2.15↓4% | 2.24↓8% | 2.44 |
| Debt / Equity | 0.22↓40% | 0.22↓40% | 0.25↓27% | 0.25↓20% | 0.39↑266% | 0.11↑11095% | 0.00↓95% | 0.02↑8938% | 0.00 |
| Operating Cash Flow | $246.9M↑14% | $84.4M↑18% | $86.7M↑5% | $10.2M↑302% | $214.7M↓9% | $234.9M↓18% | $285.4M↑759% | $33.2M↑305% | -$16.2M |
| Free Cash Flow | -$63.6M↓4% | -$5.1M↑78% | $15.7M↑394% | -$68.1M↓27% | -$79.9M↓229% | $61.7M↓59% | $149.5M↑487% | -$38.7M↑31% | -$56.2M |
Score history
Historical Score Timeline
Industry peers
Industry Peers
Similar companies in Petroleum and Natural Gas
WTTR vs Peers — Financial Grading
| Company | Market Cap | Price | Revenue | Net Income | ROE | D/E | Op. Margin | Curr. Ratio | Graham | Buffett | Lynch | Greenblatt | Piotroski | Dreman |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TotalEnergies SETTE | $199.0B | $90.74 | $201.2B | $13.1B | 11.4% | 0.49 | — | 0.97 | 4/9 | 4/9 | 1/7 | 0/3 | F-Score 4 | 6/11 |
| CONOCOPHILLIPSCOP | $168.2B | $142.28 | $58.9B | $8.0B | 12.4% | 0.36 | — | 1.30 | 2/9 | 3/9 | 3/7 | 0/3 | F-Score 7 | 6/11 |
| BP PLCBP | $117.7B | $45.70 | $192.5B | $55.0M | 0.1% | 1.09 | 6.6% | 1.26 | 1/9 | 3/9 | 1/7 | 0/3 | F-Score 5 | 2/11 |
| SUNCOR ENERGY INCSU | $80.5B | $69.92 | $38.2B | $4.3B | 13.1% | 0.22 | — | 1.39 | 2/9 | 2/9 | 2/7 | 0/3 | F-Score 4 | 6/11 |
| CENOVUS ENERGY INC.CVE | $52.6B | $29.08 | $36.3B | $2.9B | 12.4% | 0.35 | — | 1.57 | 1/9 | 1/9 | 3/7 | 0/3 | F-Score 5 | 5/11 |
| WOODSIDE ENERGY GROUP LTDWDS | $40.1B | $21.08 | $13.0B | $2.7B | 7.6% | 0.33 | 30.0% | 1.59 | 3/9 | 4/9 | 0/7 | 0/3 | F-Score 4 | 7/11 |
| EXPAND ENERGY CorpEXE | $20.4B | $88.53 | $12.1B | $1.8B | 9.8% | 0.27 | 20.4% | 1.01 | 2/9 | 5/9 | 3/7 | 1/3 | F-Score 7 | 7/11 |
| YPF SOCIEDAD ANONIMAYPF | $14.9B | $37.90 | $18.4B | $826.0M | -7.6% | 0.98 | 9.4% | 0.87 | 2/9 | 1/9 | 1/7 | 0/3 | F-Score 4 | 3/11 |