Tri-Pack Films (KAR:TRIPF) Piotroski F-Score

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What is Tri-Pack Films Piotroski F-Score?

Tri-Pack Films does not have enough data to calculate Piotroski F-Score.

Tri-Pack Films Piotroski F-Score Historical Data

The historical data trend for Tri-Pack Films's Piotroski F-Score can be seen below:

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Piotroski F-Score

Tri-Pack Films (KAR:TRIPF) 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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Tri-Pack Films (KAR:TRIPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tri-Pack Films Ltd (KAR:TRIPF) » Definitions » Piotroski F-Score

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Traded in Other Exchanges

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Address

Sir Abdullah Haroon Road, House No. 18, Near Marriott Hotel, Karachi, SD, PAK

Website

https://www.tripack.com.pk

Tri-Pack Films Ltd is engaged in manufacturing and selling packaging films. The company offers Biaxially Oriented Polypropylene (BOPP) and Cast Polypropylene (CPP) packaging films, which are produced to meet the packaging needs. It also offers solutions for food and beverage applications and non-food applications. It derives major revenue through the sales of BOPP packaging films. The company's manufacturing plants are located in Karachi and Khyber Pakhtunkhwa.

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