Richard Pieris Exports (COL:REXP.N0000) Piotroski F-Score

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What is Richard Pieris Exports Piotroski F-Score?

Richard Pieris Exports does not have enough data to calculate Piotroski F-Score.

Richard Pieris Exports Piotroski F-Score Historical Data

The historical data trend for Richard Pieris Exports's Piotroski F-Score can be seen below:

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Richard Pieris Exports (COL:REXP.N0000) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

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Richard Pieris Exports (COL:REXP.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Richard Pieris Exports PLC (COL:REXP.N0000) » Definitions » Piotroski F-Score

Traded in Other Exchanges

N/A

Address

Number 310, High Level Road, Nawinna, Maharagama, LKA

Website

https://www.arpicorubber.com

Richard Pieris Exports PLC is a company that manufactures and exports moulded and extruded rubber-based products. It operates through Hard Rubber, latex-based, and Mineral segments. The company's product offerings include Rubber Mats like Sports and Leisure Mats, Entrance Mats and Agricultural Mats; Jar sealing rings; Crutch Tips, and Shoe Soles. It generates maximum revenue from Latex Based segment. Geographically, it derives a majority of its revenue from Europe.

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