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.

Financial strength (Piotroski F-Value)

6 / 9

Return on assets (ROA) greater than 0

close -1.9%

Operating cash flow greater than 0

close -$566.00K

ROA greater than previous year

check -1.9% > -78.6%

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

check -1.3% > -1.9%

Leverage ratio lower than previous year

check 2.6% < 3.8%

Current ratio greater than previous year

check 211.0% > 38.3%

No new common stock issued last year

check -$32.00K

Gross margin greater than previous year

check 41.7% > 18.3%

Asset turnover greater than previous year

close 13.0% ≤ 206.8%

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.