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 March 31, 2023. Click to view the current F-Value instead.

Financial strength (Piotroski F-Value)

3 / 9

Return on assets (ROA) greater than 0

close -22.7%

Operating cash flow greater than 0

check $1.62B

ROA greater than previous year

close -22.7% ≤ 0.8%

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

check 89.8% > -22.7%

Leverage ratio lower than previous year

close 42.2% ≥ 18.1%

Current ratio greater than previous year

close 53.0% ≤ 279.5%

No new common stock issued last year

check $0.00

Gross margin greater than previous year

close -1,153.5% ≤ 85.9%

Asset turnover greater than previous year

close 1.6% ≤ 12.2%

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.