JWSWF (Jaws Mustang Acquisition) Piotroski F-Score: 3 (As of Jun. 26, 2026) — Near Median


JWSWF Jaws Mustang Acquisition Corp JWSWF
35 GF Score
Price $0.04
! 2 Warning Signs
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What is Jaws Mustang Acquisition Piotroski F-Score?

Jaws Mustang Acquisition JWSWF +20.85% 35 Piotroski F-Score is 3 as of Jun. 26, 2026, which is at its 10-year median of 3.00. GuruFocus rates JWSWF with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 329 Diversified Financial Services companies, Jaws Mustang Acquisition ranks better than 51.37% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Jaws Mustang Acquisition has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

JWSWF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 3

During the past 4 years, the highest Piotroski F-Score of Jaws Mustang Acquisition was 4. The lowest was 2. And the median was 3.

Jaws Mustang Acquisition  (OTCPK:JWSWF) 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.


Jaws Mustang Acquisition Piotroski F-Score Related Terms


Jaws Mustang Acquisition Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jaws Mustang Acquisition'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.

Jaws Mustang Acquisition Piotroski F-Score Chart

Jaws Mustang Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 4.00 3.00

Jaws Mustang Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Mar25 Mar26
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 3.00 3.00 2.00 2.00 3.00

JWSWF vs AXIN, TVAI, XCBE: Piotroski F-Score Comparison

For the Shell Companies subindustry, Jaws Mustang Acquisition'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.


Jaws Mustang Acquisition Piotroski F-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Jaws Mustang Acquisition's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Jaws Mustang Acquisition's Piotroski F-Score falls into.


JWSWF
35GF Score
Jaws Mustang Acquisition Corp JWSWF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Dec23) TTM:
Net Income was -7.16 + 4.342 + -0.508 + 0.269 = $-3.06 Mil.
Cash Flow from Operations was -0.238 + -0.145 + -0.166 + -0.068 = $-0.62 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Mar26) was
(23.194 + 15.915 + 15.877 + 0 + 1.531) / 5 = $14.12925 Mil.
Total Assets at the begining of this year (Dec23) was $23.19 Mil.
Long-Term Debt & Capital Lease Obligation was $2.76 Mil.
Total Current Assets was $0.46 Mil.
Total Current Liabilities was $2.72 Mil.
Net Income was 2.407 + 2.211 + 1.198 + -0.495 = $5.32 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1050.468 + 22.656 + 22.681 + 23.065 + 23.194) / 5 = $228.4128 Mil.
Total Assets at the begining of last year (Dec22) was $1,050.47 Mil.
Long-Term Debt & Capital Lease Obligation was $1.00 Mil.
Total Current Assets was $0.19 Mil.
Total Current Liabilities was $4.13 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.

Jaws Mustang Acquisition's current Net Income (TTM) was -3.06. ==> 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.

Jaws Mustang Acquisition's current Cash Flow from Operations (TTM) was -0.62. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=-3.057/23.194
=-0.13180133

ROA (Last Year)=Net Income/Total Assets (Dec22)
=5.321/1050.468
=0.00506536

Jaws Mustang Acquisition's return on assets of this year was -0.13180133. Jaws Mustang Acquisition's return on assets of last year was 0.00506536. ==> Last year is higher ==> Score 0.

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.

Jaws Mustang Acquisition's current Net Income (TTM) was -3.06. Jaws Mustang Acquisition's current Cash Flow from Operations (TTM) was -0.62. ==> -0.62 > -3.06 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Mar26
=2.758/14.12925
=0.19519791

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=1/228.4128
=0.00437804

Jaws Mustang Acquisition's gearing of this year was 0.19519791. Jaws Mustang Acquisition's gearing of last year was 0.00437804. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=0.463/2.715
=0.17053407

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=0.19/4.133
=0.04597145

Jaws Mustang Acquisition's current ratio of this year was 0.17053407. Jaws Mustang Acquisition's current ratio of last year was 0.04597145. ==> 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.

Jaws Mustang Acquisition's number of shares in issue this year was 0. Jaws Mustang Acquisition's number of shares in issue last year was 0. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

Jaws Mustang Acquisition's gross margin of this year was . Jaws Mustang Acquisition's gross margin of last year was . ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=0/23.194
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=0/1050.468
=0

Jaws Mustang Acquisition's asset turnover of this year was 0. Jaws Mustang Acquisition's asset turnover of last year was 0. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Jaws Mustang Acquisition has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Jaws Mustang Acquisition (JWSWF) has a Piotroski F-Score of 3 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jaws Mustang Acquisition and its competitors. This is near median its historical median of 3.00. Over the past decade, Jaws Mustang Acquisition's Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Jaws Mustang Acquisition ranks #160 out of 329 companies in the Diversified Financial Services industry, placing it in the top 48.6%.
Is Jaws Mustang Acquisition's Piotroski F-Score too high?
Jaws Mustang Acquisition's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Diversified Financial Services industry median Piotroski F-Score is 3.00. Jaws Mustang Acquisition's value of 3 is 0% at this industry median. Based on the distribution chart, Jaws Mustang Acquisition ranks #160 out of 329 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Jaws Mustang Acquisition has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Jaws Mustang Acquisition's Piotroski F-Score compare to AXIN and TVAI?
According to the Diversified Financial Services industry distribution chart, Jaws Mustang Acquisition ranks #160 out of 329 companies for Piotroski F-Score. This puts Jaws Mustang Acquisition in the upper half of its industry. The industry median Piotroski F-Score is 3.00. Jaws Mustang Acquisition's value of 3 is 0% at this benchmark. Historically, Jaws Mustang Acquisition's own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, Jaws Mustang Acquisition has consistently been at 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 Diversified Financial Services company?
The median Piotroski F-Score among Diversified Financial Services companies is 3.00, based on 329 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. Jaws Mustang Acquisition's current Piotroski F-Score of 3 is 0% at 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 Jaws Mustang Acquisition and its competitors. For the Diversified Financial Services industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jaws Mustang Acquisition's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jaws Mustang Acquisition stock overvalued right now?
Jaws Mustang Acquisition (JWSWF) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 0% at the Diversified Financial Services industry median of 3.00. Jaws Mustang Acquisition's overall GF Score™ is 35/100 with 2 warning signs to review. 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 Jaws Mustang Acquisition (JWSWF), the current Piotroski F-Score is 3 as of Jun. 26, 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.

Jaws Mustang Acquisition Business Description

Other Exchanges JWSMF:USAJWSUF:USA
Address 2340 Collins Avenue, Miami Beach, FL, USA, 33139
Jaws Mustang Acquisition Corp is a blank check company. The company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses in any industry or sector.
35GF Score

Get the complete analysis for JWSWF

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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