Parkway (Parkway) Piotroski F-Score

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What is Parkway Piotroski F-Score?

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

Parkway Piotroski F-Score Historical Data

The historical data trend for Parkway'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.

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Parkway Piotroski F-Score Chart

Parkway Annual Data

Trend

Dec15

Dec16

Piotroski F-Score

Parkway Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Piotroski F-Score	Get a 7-Day Free Trial			-	-	-	-	-

Parkway (NYSE:PKY) 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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Parkway (Parkway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Parkway Inc (NYSE:PKY) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pky.com

Parkway Inc is a self-managed office REIT, engaged in the ownership, acquisition, development and leasing of Class A office properties focused on Houston, Texas submarkets.

Executives

Hance James H Jr	director	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STR NE, ATLANTA GA 30309
R Dary Stone	director	3344 PEACHTREE ROAD, SUITE 1800, ATLANTA GA 30326
Craig B Jones	director	2500 WINDY RIDGE PARKWAY SUITE 1600, ATLANTA GA 30339
James R Heistand	director, officer: President and CEO	5127 FAIRWAY OAKS DRIVE, WINDERMERE FL 34786
Avi Banyasz	director	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102

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