Acrow Misr for Metallic (CAI:ACRO) Piotroski F-Score

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What is Acrow Misr for Metallic Piotroski F-Score?

Acrow Misr for Metallic does not have enough data to calculate Piotroski F-Score.

Acrow Misr for Metallic Piotroski F-Score Historical Data

The historical data trend for Acrow Misr for Metallic's Piotroski F-Score can be seen below:

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Acrow Misr for Metallic Piotroski F-Score Chart

Acrow Misr for Metallic Annual Data

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Acrow Misr for Metallic Quarterly Data

Piotroski F-Score

Acrow Misr for Metallic (CAI:ACRO) 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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Acrow Misr for Metallic (CAI:ACRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Acrow Misr for Metallic SA (CAI:ACRO) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wady Houf, Helwan, Cairo, EGY

Website

http://www.acrowmisr.com

Acrow Misr for Metallic SA manufactures, designs, develops and installs formwork, falsework, scaffolding, steel structure and storage systems for construction and civil engineering industries. It offers wall formwork, column formwork, slab formwork, shoring systems, bridge formwork and climbing systems. The entity also offers services for pre-design and pre-construction phase, construction and post-construction phase, and special services such as Special formwork designs, Pre-assembly in factory and buy-back services, among others.

Acrow Misr for Metallic (CAI:ACRO) Headlines

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