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.

You are viewing the F-Value as of June 30, 2022. Click to view the current F-Value instead.

Financial strength (Piotroski F-Value)

4 / 9

Return on assets (ROA) greater than 0

close -8.3%

Operating cash flow greater than 0

close -$38.21M

ROA greater than previous year

check -8.3% > -47.3%

Cash flow return on assets (CFROA) greater than Return on assets (ROA)

close -21.8% ≤ -8.3%

Leverage ratio lower than previous year

check 1.4% < 6.0%

Current ratio greater than previous year

check 129.8% > 50.6%

No new common stock issued last year

check -$185.07K

Gross margin greater than previous year

close 21.2% ≤ 25.9%

Asset turnover greater than previous year

close 119.2% ≤ 310.6%

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.