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Advantex Marketing International (OTCPK:ATXMF) 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.
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.
Advantex Marketing International Piotroski F-Score Related Terms
Advantex Marketing International Piotroski F-Score Historical Data
* 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.
Advantex Marketing International Piotroski F-Score Chart
ATXMF vs APP, OMC, TTD: Piotroski F-Score Comparison
For the Advertising Agencies subindustry, Advantex Marketing International'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.
Advantex Marketing International Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Advantex Marketing International's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Advantex Marketing International's Piotroski F-Score falls into.
* 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.
*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.
Advantex Marketing International's current Net Income (TTM) was -1.68.
==> Negative ==> Score 0.
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.
Advantex Marketing International's current Cash Flow from Operations (TTM) was -0.95.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Advantex Marketing International's return on assets of this year was -0.29524311. Advantex Marketing International's return on assets of last year was -0.33316795.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Advantex Marketing International's gearing of this year was 1.7149874. Advantex Marketing International's gearing of last year was 1.78626299.
==> 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
Advantex Marketing International's current ratio of this year was 0.74664992. Advantex Marketing International's current ratio of last year was 0.65145798.
==> This year's current ratio is higher. ==> Score 1.
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.
Advantex Marketing International's number of shares in issue this year was 265.39. Advantex Marketing International's number of shares in issue last year was 265.39.
==> 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.
Advantex Marketing International's gross margin of this year was 0.07220011. Advantex Marketing International's gross margin of last year was 0.24219489.
==> 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
Advantex Marketing International's asset turnover of this year was 0.308759. Advantex Marketing International's asset turnover of last year was 0.26221781.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Advantex Marketing International has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Advantex Marketing International (ATXMF) has a Piotroski F-Score of 6 as of Aug. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Advantex Marketing International and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Advantex Marketing International's Piotroski F-Score has ranged from 1.00 to 7.00.
Is Advantex Marketing International's Piotroski F-Score too high?
Advantex Marketing International's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Advantex Marketing International's value of 6 is 20% above this industry median.
How does Advantex Marketing International's Piotroski F-Score compare to APP and OMC?
Advantex Marketing International's Piotroski F-Score of 6 can be compared against companies in the Media - Diversified industry. The industry median Piotroski F-Score is 5.00. Advantex Marketing International's value of 6 is 20% above this benchmark. Historically, Advantex Marketing International's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Advantex Marketing International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Advantex Marketing International's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Advantex Marketing International and its competitors. For the Media - Diversified industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advantex Marketing International's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advantex Marketing International stock overvalued right now?
Advantex Marketing International (ATXMF) has a current Piotroski F-Score of 6. The stock's GF Value™ is $0.01, compared to a current price of $0.00 — trading 72% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Media - Diversified industry median of 5.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Advantex Marketing International (ATXMF), the current Piotroski F-Score is 6 as of Aug. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Advantex Marketing International Inc is a Canada-based company operating in the marketing services industry. The reportable segments include the Merchant Cash Advance (MCA) program and the Aeroplan program. MCA program the company provides merchants with working capital by the pre-purchase of their future sales/receivables. Aeroplan program is managing rewards accelerator programs for affinity groups through which their members earn bonus rewards on purchases at participating merchants.
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