JSB Financial (JSB Financial) Piotroski F-Score

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What is JSB Financial Piotroski F-Score?

JSB Financial does not have enough data to calculate Piotroski F-Score.

JSB Financial Piotroski F-Score Historical Data

The historical data trend for JSB 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.
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JSB Financial Piotroski F-Score Chart

JSB Financial Annual Data

Trend

Piotroski F-Score

JSB Financial Quarterly Data
	Mar07	Jun07	Sep07
Piotroski F-Score	-	-	-

JSB Financial (OTCPK:JFWV) 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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JSB Financial (JSB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JSB Financial Inc (OTCPK:JFWV) » Definitions » Piotroski F-Score

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Address

105 East Washington Street, P.O. Box 35, Shepherdstown, WV, USA, 25443

Website

https://www.jsb.bank

JSB Financial Inc Formerly Jefferson Security Bank W Va provides a full range of banking services to individuals, agricultural businesses and commercial businesses located in its service area. The company accepts various deposit products, such as checking, savings, money market, individual retirement, certificates of deposit, and overdraft protection products. Its loan portfolio includes personal and vehicle, mortgage, construction, commercial, and other loans. The company also offers ATM, online and mobile banking, bill pay, e-statements, cash management, remote deposit capture services, credit and debit cards, as well as provides security tips.

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