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 September 30, 2024. Click to view the current F-Value instead.

Financial strength (Piotroski F-Value)

7 / 9

Return on assets (ROA) greater than 0

check 17.7%

Operating cash flow greater than 0

check $561.53M

ROA greater than previous year

check 17.7% > 14.7%

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

close 17.3% ≤ 17.7%

Leverage ratio lower than previous year

check 3.5% < 5.9%

Current ratio greater than previous year

check 196.2% > 159.9%

No new common stock issued last year

check $0.00

Gross margin greater than previous year

check 82.0% > 75.7%

Asset turnover greater than previous year

close 47.3% ≤ 47.9%

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.