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 December 31, 2022. Click to view the current F-Value instead.

Financial strength (Piotroski F-Value)

5 / 9

Return on assets (ROA) greater than 0

close -27.1%

Operating cash flow greater than 0

check $862.56K

ROA greater than previous year

check -27.1% > -48.5%

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

check 0.7% > -27.1%

Leverage ratio lower than previous year

close 46.4% ≥ 15.8%

Current ratio greater than previous year

check 77.3% > 47.7%

No new common stock issued last year

close $68.92K

Gross margin greater than previous year

close 16.3% ≤ 49.9%

Asset turnover greater than previous year

check 186.2% > 62.9%

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.