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ENBP (ENB Financial) Piotroski F-Score : 8 (As of Mar. 18, 2025)


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What is ENB Financial Piotroski F-Score?

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

ENB Financial has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

ENBP' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of ENB Financial was 9. The lowest was 3. And the median was 6.


ENB Financial Piotroski F-Score Historical Data

The historical data trend for ENB Financial'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.

ENB Financial Piotroski F-Score Chart

ENB Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 3.00 4.00 -

ENB Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 4.00 5.00 7.00 8.00 -

Competitive Comparison of ENB Financial's Piotroski F-Score

For the Banks - Regional subindustry, ENB Financial'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.


ENB Financial's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ENB Financial's Piotroski F-Score distribution charts can be found below:

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


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 (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 4.524 + 3.941 + 4.314 + 3.336 = $16.12 Mil.
Cash Flow from Operations was 7.284 + 1.41 + 6.217 + 5.222 = $20.13 Mil.
Revenue was 17.288 + 17.718 + 18.395 + 18.709 = $72.11 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(1908.547 + 2000.824 + 1992.039 + 2024.558 + 2092.471) / 5 = $2003.6878 Mil.
Total Assets at the begining of this year (Sep23) was $1,908.55 Mil.
Long-Term Debt & Capital Lease Obligation was $127.50 Mil.
Total Assets was $2,092.47 Mil.
Total Liabilities was $1,957.31 Mil.
Net Income was 4.873 + 2.441 + 1.797 + 3.613 = $12.72 Mil.

Revenue was 17.988 + 16.458 + 16.079 + 16.913 = $67.44 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(1824.304 + 1858.716 + 1888.851 + 1903.652 + 1908.547) / 5 = $1876.814 Mil.
Total Assets at the begining of last year (Sep22) was $1,824.30 Mil.
Long-Term Debt & Capital Lease Obligation was $138.04 Mil.
Total Assets was $1,908.55 Mil.
Total Liabilities was $1,811.05 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.

ENB Financial's current Net Income (TTM) was 16.12. ==> 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.

ENB Financial's current Cash Flow from Operations (TTM) was 20.13. ==> 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 (Sep23)
=16.115/1908.547
=0.0084436

ROA (Last Year)=Net Income/Total Assets (Sep22)
=12.724/1824.304
=0.00697471

ENB Financial's return on assets of this year was 0.0084436. ENB Financial's return on assets of last year was 0.00697471. ==> This year is higher. ==> Score 1.

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.

ENB Financial's current Net Income (TTM) was 16.12. ENB Financial's current Cash Flow from Operations (TTM) was 20.13. ==> 20.13 > 16.12 ==> 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: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=127.498/2003.6878
=0.06363167

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=138.044/1876.814
=0.07355231

ENB Financial's gearing of this year was 0.06363167. ENB Financial's gearing of last year was 0.07355231. ==> 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

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Sep24)=Total Assets/Total Liabilities
=2092.471/1957.312
=1.06905338

Current Ratio (Last Year: Sep23)=Total Assets/Total Liabilities
=1908.547/1811.045
=1.05383743

ENB Financial's current ratio of this year was 1.06905338. ENB Financial's current ratio of last year was 1.05383743. ==> 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.

ENB Financial's number of shares in issue this year was 5.654. ENB Financial's number of shares in issue last year was 5.648. ==> There is larger number of shares in issue this year. ==> Score 0.

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.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=16.115/72.11
=0.22347802

Net Margin (Last Year: TTM)=Net Income/Revenue
=12.724/67.438
=0.18867701

ENB Financial's net margin of this year was 0.22347802. ENB Financial's net margin of last year was 0.18867701. ==> This year's net margin is higher. ==> Score 1.

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 (Sep23)
=72.11/1908.547
=0.03778267

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=67.438/1824.304
=0.03696643

ENB Financial's asset turnover of this year was 0.03778267. ENB Financial's asset turnover of last year was 0.03696643. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

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

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

ENB Financial has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

ENB Financial  (OTCPK:ENBP) 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.


ENB Financial Piotroski F-Score Related Terms

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ENB Financial Business Description

Traded in Other Exchanges
N/A
Address
31 E. Main Street, Ephrata, PA, USA, 17522
ENB Financial Corp operates as a bank. It offers services such as checking, savings, loans, online banking, credit cards, student loans, car and vehicle loans, and other banking-related services. The bank generates its revenue in the form of interest income.
Executives
Nicholas D Klein officer: Chief Risk Officer 31 E. MAIN STREET, EPHRATA PA 17522
Cindy L. Cake officer: Chief Human Resources Officer 31 E MAIN ST, EPHRATA PA 17522
Jeffrey Stauffer director, officer: Chairman, President, and CEO, Chairman of the Board 31 E MAIN ST, EPHRATA PA 17522
Chad E Neiss officer: Chief Strategy Officer 31 E MAIN ST, EPHRATA PA 17522
Roger L Zimmerman director 380 BLUE LAKE ROAD, DENVER PA 17517
Adrienne Lea Miller officer: General Counsel, other: Corporate Secretary 31 E. MAIN STREET, EPHRATA PA 17522
Rachel G Bitner officer: Chief Financial Officer, other: Treasurer of Corporation 31 E MAIN ST, EPHRATA PA 17522
Joshua E. Hoffman director 31 E MAIN ST, EPHRATA PA 17522
Joselyn D Strohm officer: Chief Operating Officer 31 E. MAIN STREET, EPHRATA PA 17522
Kitsch William J Iv officer: Chief Revenue Officer 31 E MAIN ST, EPHRATA PA 17522
Judith A Weaver director 1559 BRIERTOWN ROAD, EAST EARL PA 17519
Brian K Reed director 2564 VALLEY ROAD, MANHEIM PA 17545
Susan Y Nicholas director 1037 WHEATLAND AVE, LANCASTER PA 17603
J Daniel Stoltzfus director 540 WHITE SCHOOL ROAD, HONEY BROOK PA 19344
Matthew T Long officer: Chief Operating Officer 36 BREEZE WAY, LANCASTER PA 17602