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Public Service Enterprise Group Piotroski F-Score

: 4 (As of Today)
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The zones of discrimination were as such:

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

Public Service Enterprise Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Public Service Enterprise Group's Piotroski F-Score or its related term are showing as below:

PEG' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Public Service Enterprise Group was 9. The lowest was 3. And the median was 6.


Public Service Enterprise Group Piotroski F-Score Historical Data

The historical data trend for Public Service Enterprise Group'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.

Public Service Enterprise Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 6.00 8.00 4.00

Public Service Enterprise Group Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 6.00 5.00 5.00 4.00 4.00

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Public Service Enterprise Group'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.

   

Public Service Enterprise Group Piotroski F-Score Distribution

For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Public Service Enterprise Group'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 (Mar22) TTM:Last Year (Mar21) TTM:
Net Income was -177 + -1564 + 445 + -2 = $-1,298 Mil.
Cash Flow from Operations was 22 + 129 + 558 + 472 = $1,181 Mil.
Revenue was 1874 + 1903 + 3056 + 2313 = $9,146 Mil.
Gross Profit was 485 + 236 + 1194 + 274 = $2,189 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(50206 + 49292 + 49426 + 48999 + 47774) / 5 = $49139.4 Mil.
Total Assets at the begining of this year (Mar21) was $50,206 Mil.
Long-Term Debt & Capital Lease Obligation was $17,152 Mil.
Total Current Assets was $4,728 Mil.
Total Current Liabilities was $5,292 Mil.
Net Income was 451 + 575 + 431 + 648 = $2,105 Mil.

Revenue was 2050 + 2370 + 2402 + 2889 = $9,711 Mil.
Gross Profit was 722 + 828 + 761 + 1082 = $3,393 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(48365 + 48780 + 49576 + 50050 + 50206) / 5 = $49395.4 Mil.
Total Assets at the begining of last year (Mar20) was $48,365 Mil.
Long-Term Debt & Capital Lease Obligation was $15,590 Mil.
Total Current Assets was $3,595 Mil.
Total Current Liabilities was $4,546 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.

Public Service Enterprise Group's current Net Income (TTM) was -1,298. ==> 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.

Public Service Enterprise Group's current Cash Flow from Operations (TTM) was 1,181. ==> 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 (Mar21)
=-1298/50206
=-0.02585348

ROA (Last Year)=Net Income/Total Assets (Mar20)
=2105/48365
=0.04352321

Public Service Enterprise Group's return on assets of this year was -0.02585348. Public Service Enterprise Group's return on assets of last year was 0.04352321. ==> 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.

Public Service Enterprise Group's current Net Income (TTM) was -1,298. Public Service Enterprise Group's current Cash Flow from Operations (TTM) was 1,181. ==> 1,181 > -1,298 ==> 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: Mar22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar21 to Mar22
=17152/49139.4
=0.34904781

Gearing (Last Year: Mar21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar20 to Mar21
=15590/49395.4
=0.31561643

Public Service Enterprise Group's gearing of this year was 0.34904781. Public Service Enterprise Group's gearing of last year was 0.31561643. ==> 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: Mar22)=Total Current Assets/Total Current Liabilities
=4728/5292
=0.89342404

Current Ratio (Last Year: Mar21)=Total Current Assets/Total Current Liabilities
=3595/4546
=0.7908051

Public Service Enterprise Group's current ratio of this year was 0.89342404. Public Service Enterprise Group's current ratio of last year was 0.7908051. ==> 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.

Public Service Enterprise Group's number of shares in issue this year was 501. Public Service Enterprise Group's number of shares in issue last year was 507. ==> 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
=2189/9146
=0.2393396

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3393/9711
=0.34939759

Public Service Enterprise Group's gross margin of this year was 0.2393396. Public Service Enterprise Group's gross margin of last year was 0.34939759. ==> 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 (Mar21)
=9146/50206
=0.18216946

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar20)
=9711/48365
=0.20078569

Public Service Enterprise Group's asset turnover of this year was 0.18216946. Public Service Enterprise Group's asset turnover of last year was 0.20078569. ==> 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+1+0+1+0+1+1+0+0
=4

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

Public Service Enterprise Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Public Service Enterprise Group  (NYSE:PEG) 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.


Public Service Enterprise Group Piotroski F-Score Related Terms

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


Public Service Enterprise Group Business Description

Public Service Enterprise Group logo
Industry
Utilities » Utilities - Regulated NAICS : 221121 SIC : 4931
Address
80 Park Plaza, Newark, NJ, USA, 07102
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy infrastructure. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG also operates the Long Island Power Authority system. In 2022, PSEG sold its gas and oil power plants in the Mid-Atlantic, New York, and the Northeast.
Executives
Larossa Ralph A officer: COO PSEG 80 PARK PLAZA NEWARK NJ 07102
Chernick Rose M officer: Vice President and Controller 80 PARK PLAZA, T4B NEWARK NJ 07102
Jackson Shirley A director 110 8TH STREEET TROY NY 12180-3590
Zollar Alfred W director C/O LOTUS SOFTWARE ONE ROGER STREET CAMBRIDGE MA 02142
Stephenson Scott G director C/O VERISK ANALYTICS, INC. 545 WASHINGTON BOULEVARD JERSEY CITY NJ 07310-1686
Deese Willie A director DENTSPLY SIRONA INC 13320 BALLANTYNE CORPORATE PLACE CHARLOTTE NC 28277
Tomasky Susan director AMERICAN ELECTRIC POWER 1 RIVERSIDE PLAZA COLUMBUS OH 43215
Ostrowsky Barry H director RWJBARNABAS HEALTH 95 OLD SHORT HILLS ROAD WEST ORANGE NJ 07052
Lilley David director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: LILLEY DAVID 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;}
Surma John P director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SURMA JOHN P 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;}
Sugg Laura A director ONE BRIARLAKE PLAZA, SUITE 2000 2000 WEST SAM HOUSTON PARKWAY SOUTH HOUSTON TX 77042
Cregg Daniel J officer: Executive VP & CFO 80 PARK PLAZA, T4 NEWARK NJ 07102
Izzo Ralph director, officer: Chairman, President and CEO PSEG 80 PARK PLAZA T6B NEWARK NJ 07102-4194
Daly David Matthew officer: President - PSE&G 80 PARK PLAZA, T4 NEWARK NJ 07102
Dirisio Derek M officer: President, PSEG Services Corp. PSEG 80 PARK PLAZA NEWARK NJ 07102

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