Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Wells Fargo 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 Wells Fargo's Piotroski F-Score or its related term are showing as below:
WFC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Wells Fargo was 8. The lowest was 1. And the median was 5.
Wells Fargo Piotroski F-Score Historical Data
The historical data trend for Wells Fargo'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.
Wells Fargo Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Piotroski F-Score
6.00
5.00
5.00
4.00
7.00
Wells Fargo 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
3.00
5.00
7.00
7.00
6.00
Competitive Comparison
For the Banks - Diversified subindustry, Wells Fargo'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.
Wells Fargo Piotroski F-Score Distribution
For the Banks industry and Financial Services sector, Wells Fargo's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Wells Fargo'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 6040 + 5122 + 5750 + 3671 = $20,583 Mil. Cash Flow from Operations was -8062 + -4810 + 4817 + 199 = $-7,856 Mil. Revenue was 20270 + 18834 + 20856 + 17592 = $77,552 Mil.
Average Total Assets from the begining of this year (Mar21)
to the end of this year (Mar22) was
(1959543 + 1945996 + 1954901 + 1948068 + 1939709) / 5 = $1949643.4 Mil. Total Assets at the begining of this year (Mar21) was $1,959,543 Mil. Long-Term Debt & Capital Lease Obligation was $153,337 Mil. Total Assets was $1,939,709 Mil. Total Liabilities was $1,758,020 Mil.
Net Income was -3846 + 3216 + 3091 + 4636 = $7,097 Mil.
Revenue was 18286 + 19316 + 18489 + 18532 = $74,623 Mil.
Average Total Assets from the begining of last year (Mar20)
to the end of last year (Mar21) was
(1981349 + 1968766 + 1922220 + 1952911 + 1959543) / 5 = $1956957.8 Mil. Total Assets at the begining of last year (Mar20) was $1,981,349 Mil. Long-Term Debt & Capital Lease Obligation was $183,312 Mil. Total Assets was $1,959,543 Mil. Total Liabilities was $1,771,195 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.
Wells Fargo's current Net Income (TTM) was 20,583.
==> 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.
Wells Fargo's return on assets of this year was 0.01050398. Wells Fargo's return on assets of last year was 0.0035819.
==> 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.
Wells Fargo's current Net Income (TTM) was 20,583. Wells Fargo's current Cash Flow from Operations (TTM) was -7,856.
==> -7,856 <= 20,583 ==> 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.
Wells Fargo's gearing of this year was 0.07864874. Wells Fargo's gearing of last year was 0.09367192.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Wells Fargo's current ratio of this year was 1.10334865. Wells Fargo's current ratio of last year was 1.10633951.
==> Last year's current ratio is higher ==> Score 0.
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.
Wells Fargo's number of shares in issue this year was 3868.9. Wells Fargo's number of shares in issue last year was 4171.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Wells Fargo's net margin of this year was 0.26540902. Wells Fargo's net margin of last year was 0.09510473.
==> This year's net margin is higher. ==> Score 1.
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
Wells Fargo's asset turnover of this year was 0.03957657. Wells Fargo's asset turnover of last year was 0.03766272.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
1
+
0
+
1
+
0
+
1
+
0
+
1
+
1
+
1
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Wells Fargo has an F-score of 6 indicating the company's financial situation is typical for a stable company.
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.
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.
Wells Fargo Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Wells Fargo's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.73(1.69%) Volume: 17,329,434 3:55PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NYSE:WFC has been successfully added to your 
