New GURUF Financial Strength Template Released

How to analyze Piotroski F-score, Altman Z-score and Beneish M-score using Excel Add-in

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Apr 23, 2017
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We are glad to announce a new GURUF FZM Score template that allows you to do deep analysis on a company’s three financial strength scores: the Piotroski F-score, the Altman Z-score and the Beneish M-score.

The FZM Scores give three different perspectives on the financial strength of the company: the F-score determines overall business strength, the Z-score predicts the company’s level of financial distress and the M-score identifies possible manipulators.

Brief description of the tabs

You can enter a ticker symbol in cell B1 in the “Key Stats Data” tab, which gives you fundamental information about the company. The template then calculates the quarterly values for each of the financial strength scores in three separate tabs: F Score Data, Z Score Data and M Score Data. Each of these tabs details the components for the financial strength scores.

This template also gives you the chart output for each of the financial strength scores. For example, Figure 1 shows the historical trend of F-scores for Wal-Mart Stores Inc. (WMT, Financial). Figures 2 and 3 show the historical trend of Z-scores for Apple Inc. (AAPL, Financial) and the historical trend of M-scores for Nike Inc. (NKE, Financial) respectively.

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Figure 1

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Figure 2

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Figure 3

Premium and Premium Plus members can download the GuruFocus Excel Add-in using the following link. The download page also has other cool GURUF templates, including the Peter Lynch chart, fair value calculator, stock historical ratios and portfolio historical ratios.

If you are not a Premium member, we invite you to a free seven-day trial that allows you to explore our Excel Add-in. While Premium members get a decent 2000 Excel Add-in queries per month, the Premium Plus membership allows unlimited access to the Excel Add-in and GURUF function.

Disclosure”‹: The author has no positions in the stocks mentioned.