
The TJX Companies, Inc. / 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 13.5%
- Operating cash flow greater than 0
- check $3.00B
- ROA greater than previous year
- close 13.5% ≤ 19.9%
- Cash flow return on assets (CFROA) greater than Return on assets (ROA)
- check 15.6% > 13.5%
- Leverage ratio lower than previous year
- close 43.8% ≥ 15.9%
- Current ratio greater than previous year
- close 122.6% ≤ 169.2%
- No new common stock issued last year
- close $196.56M
- Gross margin greater than previous year
- close 28.5% ≤ 28.9%
- Asset turnover greater than previous year
- close 175.9% ≤ 262.5%
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.
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