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, 2024. Click to view the current F-Value instead.

Financial strength (Piotroski F-Value)

2 / 9

Return on assets (ROA) greater than 0

check 1.0%

Operating cash flow greater than 0

close -$1.76M

ROA greater than previous year

close 1.0% ≤ 6.3%

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

close -16.1% ≤ 1.0%

Leverage ratio lower than previous year

check 6.8% < 11.2%

Current ratio greater than previous year

close 185.0% ≤ 393.8%

No new common stock issued last year

close $3.03K

Gross margin greater than previous year

close 11.8% ≤ 14.2%

Asset turnover greater than previous year

close 80.3% ≤ 128.5%

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.