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Gilead Sciences (FRA:GIS) Piotroski F-Score : 7 (As of Jun. 27, 2025)


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What is Gilead Sciences Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, 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

Gilead Sciences has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:GIS' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

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


Gilead Sciences Piotroski F-Score Historical Data

The historical data trend for Gilead Sciences'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.

Gilead Sciences Piotroski F-Score Chart

Gilead Sciences 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 5.00 6.00 7.00 7.00 6.00

Gilead Sciences Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 6.00 6.00 7.00

Competitive Comparison of Gilead Sciences's Piotroski F-Score

For the Drug Manufacturers - General subindustry, Gilead Sciences'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.


Gilead Sciences's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Gilead Sciences's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Gilead Sciences'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 1499.406 + 1128.953 + 1702.765 + 1216.375 = €5,547 Mil.
Cash Flow from Operations was 1230.925 + 3882.409 + 2841.125 + 1625.225 = €9,580 Mil.
Revenue was 6459.337 + 6798.045 + 7228.395 + 6166.975 = €26,653 Mil.
Gross Profit was 5024.961 + 5379.871 + 5718.54 + 4742.475 = €20,866 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(51788.64 + 49774.891 + 49127.025 + 56340.225 + 52201.45) / 5 = €51846.4462 Mil.
Total Assets at the begining of this year (Mar24) was €51,789 Mil.
Long-Term Debt & Capital Lease Obligation was €20,485 Mil.
Total Current Assets was €15,633 Mil.
Total Current Liabilities was €11,417 Mil.
Net Income was 964.535 + 2042.66 + 1310.393 + -3836.4 = €481 Mil.

Revenue was 6090.877 + 6605.85 + 6523.538 + 6151.12 = €25,371 Mil.
Gross Profit was 4759.911 + 5139.445 + 4607.008 + 4723.28 = €19,230 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(57792.184 + 57537.051 + 58443.501 + 56968.625 + 51788.64) / 5 = €56506.0002 Mil.
Total Assets at the begining of last year (Mar23) was €57,792 Mil.
Long-Term Debt & Capital Lease Obligation was €19,805 Mil.
Total Current Assets was €12,918 Mil.
Total Current Liabilities was €11,975 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.

Gilead Sciences's current Net Income (TTM) was 5,547. ==> 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.

Gilead Sciences's current Cash Flow from Operations (TTM) was 9,580. ==> 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 (Mar24)
=5547.499/51788.64
=0.10711807

ROA (Last Year)=Net Income/Total Assets (Mar23)
=481.188/57792.184
=0.00832618

Gilead Sciences's return on assets of this year was 0.10711807. Gilead Sciences's return on assets of last year was 0.00832618. ==> 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.

Gilead Sciences's current Net Income (TTM) was 5,547. Gilead Sciences's current Cash Flow from Operations (TTM) was 9,580. ==> 9,580 > 5,547 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=20485.05/51846.4462
=0.39511001

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=19804.84/56506.0002
=0.35049092

Gilead Sciences's gearing of this year was 0.39511001. Gilead Sciences's gearing of last year was 0.35049092. ==> Last year is lower than this year ==> Score 0.

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: Mar25)=Total Current Assets/Total Current Liabilities
=15633.425/11417.275
=1.36927813

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=12917.72/11974.72
=1.07874923

Gilead Sciences's current ratio of this year was 1.36927813. Gilead Sciences's current ratio of last year was 1.07874923. ==> 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.

Gilead Sciences's number of shares in issue this year was 1259. Gilead Sciences's number of shares in issue last year was 1247. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=20865.847/26652.752
=0.78287777

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19229.644/25371.385
=0.75792646

Gilead Sciences's gross margin of this year was 0.78287777. Gilead Sciences's gross margin of last year was 0.75792646. ==> This year's gross 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 (Mar24)
=26652.752/51788.64
=0.51464476

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=25371.385/57792.184
=0.43901066

Gilead Sciences's asset turnover of this year was 0.51464476. Gilead Sciences's asset turnover of last year was 0.43901066. ==> 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+0+1+0+1+1
=7

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

Gilead Sciences has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Gilead Sciences  (FRA:GIS) 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.


Gilead Sciences Piotroski F-Score Related Terms

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Gilead Sciences Business Description

Address
333 Lakeside Drive, Foster City, CA, USA, 94404
Gilead Sciences develops and markets therapies to treat life-threatening infectious diseases, with the core of its portfolio focused on HIV and hepatitis B and C. Gilead's acquisition of Pharmasset brought rights to hepatitis C drug Sovaldi, which is also part of newer combination regimens that remain standards of care. Gilead is also growing its presence in the oncology market via acquisitions, led by CAR-T cell therapy Yescarta/Tecartus (from Kite) and breast and bladder cancer therapy Trodelvy (from Immunomedics).