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AMWD (American Woodmark) Piotroski F-Score : 5 (As of Jul. 04, 2025)


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What is American Woodmark Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

American Woodmark has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for American Woodmark's Piotroski F-Score or its related term are showing as below:

AMWD' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of American Woodmark was 8. The lowest was 4. And the median was 6.


American Woodmark Piotroski F-Score Historical Data

The historical data trend for American Woodmark's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Woodmark Piotroski F-Score Chart

American Woodmark Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 8.00 6.00 5.00

American Woodmark Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 5.00 5.00 5.00

Competitive Comparison of American Woodmark's Piotroski F-Score

For the Furnishings, Fixtures & Appliances subindustry, American Woodmark's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


American Woodmark's Piotroski F-Score Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, American Woodmark's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where American Woodmark's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was 29.633 + 27.686 + 16.571 + 25.566 = $99 Mil.
Cash Flow from Operations was 40.811 + 11.922 + 10.954 + 44.76 = $108 Mil.
Revenue was 459.128 + 452.482 + 397.58 + 400.395 = $1,710 Mil.
Gross Profit was 92.866 + 85.711 + 59.764 + 68.209 = $307 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was
(1593.865 + 1623.423 + 1609.875 + 1590.236 + 1570.569) / 5 = $1597.5936 Mil.
Total Assets at the begining of this year (Apr24) was $1,594 Mil.
Long-Term Debt & Capital Lease Obligation was $469 Mil.
Total Current Assets was $364 Mil.
Total Current Liabilities was $183 Mil.
Net Income was 37.85 + 30.341 + 21.227 + 26.798 = $116 Mil.

Revenue was 498.255 + 473.867 + 422.102 + 453.278 = $1,848 Mil.
Gross Profit was 109.609 + 103.159 + 80.94 + 84.099 = $378 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was
(1518.798 + 1530.629 + 1534.105 + 1573.837 + 1593.865) / 5 = $1550.2468 Mil.
Total Assets at the begining of last year (Apr23) was $1,519 Mil.
Long-Term Debt & Capital Lease Obligation was $478 Mil.
Total Current Assets was $403 Mil.
Total Current Liabilities was $196 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

American Woodmark's current Net Income (TTM) was 99. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

American Woodmark's current Cash Flow from Operations (TTM) was 108. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Apr24)
=99.456/1593.865
=0.06239926

ROA (Last Year)=Net Income/Total Assets (Apr23)
=116.216/1518.798
=0.0765184

American Woodmark's return on assets of this year was 0.06239926. American Woodmark's return on assets of last year was 0.0765184. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

American Woodmark's current Net Income (TTM) was 99. American Woodmark's current Cash Flow from Operations (TTM) was 108. ==> 108 > 99 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=468.671/1597.5936
=0.29336059

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=478.334/1550.2468
=0.30855345

American Woodmark's gearing of this year was 0.29336059. American Woodmark's gearing of last year was 0.30855345. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Apr25)=Total Current Assets/Total Current Liabilities
=364.453/182.942
=1.99217785

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=402.71/195.726
=2.05751918

American Woodmark's current ratio of this year was 1.99217785. American Woodmark's current ratio of last year was 2.05751918. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

American Woodmark's number of shares in issue this year was 14.906. American Woodmark's number of shares in issue last year was 15.898. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=306.55/1709.585
=0.17931252

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=377.807/1847.502
=0.20449613

American Woodmark's gross margin of this year was 0.17931252. American Woodmark's gross margin of last year was 0.20449613. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Apr24)
=1709.585/1593.865
=1.07260339

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=1847.502/1518.798
=1.21642378

American Woodmark's asset turnover of this year was 1.07260339. American Woodmark's asset turnover of last year was 1.21642378. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+0+1+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

American Woodmark has an F-score of 5 indicating the company's financial situation is typical for a stable company.

American Woodmark  (NAS:AMWD) 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.


American Woodmark Piotroski F-Score Related Terms

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American Woodmark Business Description

Traded in Other Exchanges
Address
561 Shady Elm Road, Winchester, VA, USA, 22602
American Woodmark Corp manufactures and distributes cabinets and vanities for the remodeling and new home construction markets. It offers several products that fall into product lines including kitchen cabinetry, bath cabinetry, office cabinetry, home organization, and hardware. The products are sold under the brand names American Woodmark, Timberlake, Shenandoah Cabinetry, and Waypoint Living Spaces among others.
Executives
James G Davis director C/O JAMES G DAVIS CONSTRUCTION CORP, 13530 PARKLAWN DRIVE, ROCKVILLE MD 20852
Michael Scott Culbreth officer: SVP & CFO 3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Andrew B Cogan director C/O KNOLL INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
Vance W Tang director C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532
Latasha Akoma director 2254 BALSAN WAY, WELLINGTON FL 33414
Emily Cavanagh Videtto director 1901 WEST 4TH STREET, PELLA IA 50219
David A Rodriguez director 10400 FERNWOOD ROAD, BETHESDA MD 20817
Daniel T Hendrix director 2859 PACES ROAD, ATLANTA GA 30339
Paul Joachimczyk officer: VP & CFO C/O TOPBUILD CORP., 260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Adams Robert J Jr officer: SVP Value Stream Operations 3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Roger Perry Campbell officer: SVP & GM New Construction 3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Steven Cary Dunston officer: Senior VP, Manufacturing 3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Teresa M May director 2 COREY CREEK ROAD, TOLEDO OH 43623
Carol B Moerdyk director LIBBEY INC, PO BOX 10060, TOLEDO OH 43699-0060
William F Brandt director, 10 percent owner, officer: Chairman C/O AMERICAN WOODMARK CORPORATION, 3102 SHAWNEE DRIVE, WINCHESTER VA 22601