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Value Line Piotroski F-Score

: 6 (As of Today)
View and export this data going back to 1983. Start your Free Trial

The zones of discrimination were as such:

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

Value Line has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

NAS:VALU' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 8
Current: 6

2
8

During the past 13 years, the highest Piotroski F-Score of Value Line was 8. The lowest was 2. And the median was 6.


Value Line Piotroski F-Score Historical Data

The historical data trend for Value Line'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.

Value Line Annual Data
Trend Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 8.00 7.00 7.00 6.00

Value Line Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Piotroski F-Score 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 Premium Member Only Premium Member Only Premium Member Only 8.00 8.00 5.00 6.00 6.00

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, Value Line'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.

   

Value Line Piotroski F-Score Distribution

For the Capital Markets industry and Financial Services sector, Value Line's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Value Line'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 (Jul21) TTM:Last Year (Jul20) TTM:
Net Income was 5.056 + 6.029 + 7.078 + 5.897 = $24.06 Mil.
Cash Flow from Operations was 2.242 + 2.687 + 6.055 + 7.635 = $18.62 Mil.
Revenue was 10.21 + 10.13 + 9.724 + 10.166 = $40.23 Mil.
Gross Profit was 4.264 + 4.225 + 3.051 + 4.293 = $15.83 Mil.
Average Total Assets from the begining of this year (Jul20)
to the end of this year (Jul21) was
(110.891 + 110.837 + 115.567 + 121.136 + 123.603) / 5 = $116.4068 Mil.
Total Assets at the begining of this year (Jul20) was $110.89 Mil.
Long-Term Debt & Capital Lease Obligation was $7.11 Mil.
Total Current Assets was $54.11 Mil.
Total Current Liabilities was $27.36 Mil.
Net Income was 4.211 + 4.952 + 2.09 + 5.274 = $16.53 Mil.

Revenue was 10.08 + 10.803 + 9.799 + 10.328 = $41.01 Mil.
Gross Profit was 4.444 + 5.082 + 3.572 + 4.547 = $17.65 Mil.
Average Total Assets from the begining of last year (Jul19)
to the end of last year (Jul20) was
(101.249 + 101.605 + 105.664 + 109.728 + 110.891) / 5 = $105.8274 Mil.
Total Assets at the begining of last year (Jul19) was $101.25 Mil.
Long-Term Debt & Capital Lease Obligation was $9.37 Mil.
Total Current Assets was $41.33 Mil.
Total Current Liabilities was $26.21 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.

Value Line's current Net Income (TTM) was 24.06. ==> 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.

Value Line's current Cash Flow from Operations (TTM) was 18.62. ==> 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 (Jul20)
=24.06/110.891
=0.21696982

ROA (Last Year)=Net Income/Total Assets (Jul19)
=16.527/101.249
=0.16323124

Value Line's return on assets of this year was 0.21696982. Value Line's return on assets of last year was 0.16323124. ==> 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.

Value Line's current Net Income (TTM) was 24.06. Value Line's current Cash Flow from Operations (TTM) was 18.62. ==> 18.62 <= 24.06 ==> CFROA <= ROA ==> Score 0.

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: Jul21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul20 to Jul21
=7.114/116.4068
=0.06111327

Gearing (Last Year: Jul20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jul19 to Jul20
=9.367/105.8274
=0.08851205

Value Line's gearing of this year was 0.06111327. Value Line's gearing of last year was 0.08851205. ==> 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

Current Ratio (This Year: Jul21)=Total Current Assets/Total Current Liabilities
=54.108/27.364
=1.97734249

Current Ratio (Last Year: Jul20)=Total Current Assets/Total Current Liabilities
=41.334/26.213
=1.57685118

Value Line's current ratio of this year was 1.97734249. Value Line's current ratio of last year was 1.57685118. ==> 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.

Value Line's number of shares in issue this year was 9.56. Value Line's number of shares in issue last year was 9.617. ==> 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
=15.833/40.23
=0.39356202

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=17.645/41.01
=0.43026091

Value Line's gross margin of this year was 0.39356202. Value Line's gross margin of last year was 0.43026091. ==> 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 (Jul20)
=40.23/110.891
=0.36278868

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jul19)
=41.01/101.249
=0.40504104

Value Line's asset turnover of this year was 0.36278868. Value Line's asset turnover of last year was 0.40504104. ==> 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
=1+1+1+0+1+1+1+0+0
=6

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

Value Line has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Value Line  (NAS:VALU) 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.


Value Line Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Value Line's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Value Line Business Description

Value Line logo
Industry
Financial Services » Capital Markets NAICS : 523210 SIC : 7323
Traded in Other Exchanges
N/A
Address
551 Fifth Avenue, 3rd Floor, New York, NY, USA, 10176-0001
Value Line Inc is a U.S based company. It produces investment periodicals based on underlying research and making available copyright data, including ranking system and other information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes. The company markets under well-known brands including Value Line, the Value Line logo, The Value Line Investment Survey, Smart Research, Smarter Investing and The Most Trusted Name in Investment Research. Its only operating segment being Publishing.
Executives
Fiore Alfred R director 1 ANGORA ROAD WESTPORT CT 06880
Brecher Howard A director, officer: Chairman and CEO VALUE LINE 220 E 42ND ST SUITE 600 NEW YORK NY 10017
Anastasio Stephen director, officer: Vice President and Treasurer 220 E 42ND STREET NEW YORK NY 10017
Muenzer Glenn J. director 357 HARVARD COURT EAST MEADOW NY 11554
Reed William Edward director 12 KNORR STREET NORWALK CT 06854
Bernstein Mary director 220 E 42ND STREET NEW YORK NY 10017
Davis Stephen P director 57 EAST 95TH STREET NEW YORK NY 10128
Sarkany Thomas director, officer: Secretary 220 EAST 42ND STREET 6TH FLOOR NEW YORK NY 10017
Perkins, Robert M. director 220 EAST 42ND STREET, 6TH FLOOR NEW YORK CITY NY 10017
Legon, Ruth O. director 220 EAST 42ND STREET, 6TH FLOOR NEW YORK CITY NY 10017
Appel Mitchell Eric officer: Chief Financial Officer VALUE LINE INC 220 EAST 42ND STREET 6TH FLOOR NEW YORK NY 10017
Arnold Bernhard & Co Inc 10 percent owner 220 EAST 42ND STREET 6TH FLOOR NEW YORK NY 10017
Eakman Janet director 220 E 42ND STREET NEW YORK NY 10017
Shanahan Edward J director 220 EAST 42 STREET NEW YORK NY 10017
Asher Marianne B director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: ASHER MARIANNE B a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
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