The Piotroski F-Score is a nine-criteria scoring system developed by financial academic, Joseph Piotroski. It’s aim is to identify companies which are improving their financial position in performance. This is the score for the last financial year.
Piotroski first published his now well known ratio in this famous research paper.
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Companies with a score of 8 or 9 have been found as a group to outperform weak stocks by 7.5% annually over a 20 year period. The weakest stocks, scoring 2 or lower, were found by Piotroski to be five times more likely to fall into financial problems.
Adding to this, he found in his paper that for groups of companies with high F-Scores, the entire distribution of returns was shifted to the right, successfully eliminating many of the worst losers from the group of stocks.
|KOSDAQ:053260||Keum Kang Steel Co||9||60|
|HKG:1458||Zhou Hei Ya International Holdings||9||32|