
Arthur J. Gallagher & Co. / Financial strength (Piotroski F-Value) /
The F-Value, developed by Stanford accounting professor Joseph Piotroski, measures a company's financial strength based on nine distinct criteria. Piotroski suggest using the value as part of a value investing strategy to rank stocks with a low price-to-book ratio. The approach is described in detail in Piotroski's 2002 Paper Value Investing: The Use of Historical Financial Statement Information to Separate Winners From Losers.
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- Financial strength (Piotroski F-Value)
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- Return on assets (ROA) greater than 0
- check 6.9%
- Operating cash flow greater than 0
- check $26.44M
- ROA greater than previous year
- check 6.9% > 5.9%
- Cash flow return on assets (CFROA) greater than Return on assets (ROA)
- close 6.7% ≤ 6.9%
- Leverage ratio lower than previous year
- close 5.3% ≥ 5.0%
- Current ratio greater than previous year
- check 119.0% > 99.7%
- No new common stock issued last year
- close $11.26M
- Gross margin greater than previous year
- check 67.7% > 52.6%
- Asset turnover greater than previous year
- close 64.2% ≤ 66.9%
F-Value history
The F-Value is calculated for each quarter based on the cumulation of the previous four quarterly statements. Click on the chart to see the F-Value at a specific time in the past.
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