Galileo Acquisition (Galileo Acquisition) Piotroski F-Score

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What is Galileo Acquisition Piotroski F-Score?

Galileo Acquisition does not have enough data to calculate Piotroski F-Score.

Galileo Acquisition Piotroski F-Score Historical Data

The historical data trend for Galileo Acquisition's Piotroski F-Score can be seen below:

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Galileo Acquisition Piotroski F-Score Chart

Galileo Acquisition Annual Data

Trend

Dec19

Dec20

Piotroski F-Score

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Galileo Acquisition Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Piotroski F-Score	Get a 7-Day Free Trial			N/A	N/A	N/A	N/A	N/A

Galileo Acquisition (NYSE:GLEO) 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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Galileo Acquisition (Galileo Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Galileo Acquisition Corp (NYSE:GLEO) » Definitions » Piotroski F-Score

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Traded in Other Exchanges

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Address

1049 Park Avenue, 14A, New York, NY, USA, 10028

Website

https://www.galileospac.com

Galileo Acquisition Corp operates as a blank check company. The firm is formed under the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.