Piotroski Score Screener Source: Published paper in 2002 titled, Value Investing: The use of historical financial statement information to separate winners from losers by Professor Joseph Piotroski Criteria: Profitability

  • Positive return on assets in the current year (1 point)
  • Positive operating cash flow in the current year (1 point)
  • Higher return on assets (ROA) in the current period compared to the ROA in the previous year (1 point)
  • Cash flow from operations are greater than ROA (1 point)
Leverage, Liquidity and Source of Funds
  • Lower ratio of long term debt to in the current period compared value in the previous year (1 point)
  • Higher current ratio this year compared to the previous year (1 point)
  • No new shares were issued in the last year (1 point)
Operating Efficiency
  • A higher gross margin compared to the previous year (1 point)
  • A higher asset turnover ratio compared to the previous year (1 point)
Stocks with a F-Score (calculated by adding the points for a stock with 9 criteria mentioned above) of 8 or 9 are presented
  • Stocks with an F-Score (calculated by adding the points for a stock with 9 criteria mentioned above) 8 or 9 are filtered, if more than 10 stocks are passed, stocks with highest market capitalization are selected.
  • Finally Screener is limited to 10 stocks with price greater than 1 AUD and three months trading volume greater than 20000
  • Sl No.

    Symbol

    Company

    Price

    1 SSM SERVICE STREAM LIMITED 1.155
    2 RRL REGIS RESOURCES LIMITED 3.3
    3 QUB QUBE HOLDINGS LIMITED 2.44
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