Piotroski F-Score Calculator

Enter this year's and last year's financials to compute the 9-point F-Score.

How to use

  1. Enter your values in the fields above.
  2. Press Calculate to see your result instantly.
  3. Use the Share button to copy a link to your result.

About this calculator

The Piotroski F-Score, developed by accounting professor Joseph Piotroski in 2000, scores a company from 0 to 9 by awarding one point for each of nine binary financial tests passed, grouped into three categories: profitability (positive net income, positive operating cash flow, improved return on assets, cash flow exceeding net income), leverage/liquidity (lower long-term debt, improved current ratio, no new share issuance), and operating efficiency (improved gross margin, improved asset turnover).

Value investors use the F-Score to screen out financially deteriorating companies from a pool of statistically cheap (low price-to-book) stocks, on the premise — supported by Piotroski's original research — that high-scoring, fundamentally improving companies within that cheap universe tend to outperform low-scoring ones.

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