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ORCL (Oracle) Piotroski F-Score : 7 (As of Mar. 18, 2025)


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What is Oracle Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Oracle has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

ORCL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Oracle was 8. The lowest was 3. And the median was 5.


Oracle Piotroski F-Score Historical Data

The historical data trend for Oracle'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.

Oracle Piotroski F-Score Chart

Oracle Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 5.00 5.00 5.00

Oracle Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Piotroski F-Score Get a 7-Day Free Trial 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 6.00 7.00 7.00

Competitive Comparison of Oracle's Piotroski F-Score

For the Software - Infrastructure subindustry, Oracle'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.


Oracle's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, Oracle's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Oracle'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 (Feb25) TTM:Last Year (Feb24) TTM:
Net Income was 3144 + 2929 + 3151 + 2936 = $12,160 Mil.
Cash Flow from Operations was 6081 + 7427 + 1304 + 5933 = $20,745 Mil.
Revenue was 14287 + 13307 + 14059 + 14130 = $55,783 Mil.
Gross Profit was 10363 + 9401 + 9974 + 9935 = $39,673 Mil.
Average Total Assets from the begining of this year (Feb24)
to the end of this year (Feb25) was
(137082 + 140976 + 144214 + 148483 + 161378) / 5 = $146426.6 Mil.
Total Assets at the begining of this year (Feb24) was $137,082 Mil.
Long-Term Debt & Capital Lease Obligation was $88,109 Mil.
Total Current Assets was $30,116 Mil.
Total Current Liabilities was $29,623 Mil.
Net Income was 3319 + 2420 + 2503 + 2401 = $10,643 Mil.

Revenue was 13836 + 12453 + 12941 + 13280 = $52,510 Mil.
Gross Profit was 10106 + 8843 + 9201 + 9411 = $37,561 Mil.
Average Total Assets from the begining of last year (Feb23)
to the end of last year (Feb24) was
(131620 + 134384 + 136662 + 134324 + 137082) / 5 = $134814.4 Mil.
Total Assets at the begining of last year (Feb23) was $131,620 Mil.
Long-Term Debt & Capital Lease Obligation was $82,470 Mil.
Total Current Assets was $21,063 Mil.
Total Current Liabilities was $24,885 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.

Oracle's current Net Income (TTM) was 12,160. ==> 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.

Oracle's current Cash Flow from Operations (TTM) was 20,745. ==> 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 (Feb24)
=12160/137082
=0.08870603

ROA (Last Year)=Net Income/Total Assets (Feb23)
=10643/131620
=0.08086157

Oracle's return on assets of this year was 0.08870603. Oracle's return on assets of last year was 0.08086157. ==> 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.

Oracle's current Net Income (TTM) was 12,160. Oracle's current Cash Flow from Operations (TTM) was 20,745. ==> 20,745 > 12,160 ==> 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: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=88109/146426.6
=0.6017281

Gearing (Last Year: Feb24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb23 to Feb24
=82470/134814.4
=0.6117299

Oracle's gearing of this year was 0.6017281. Oracle's gearing of last year was 0.6117299. ==> 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: Feb25)=Total Current Assets/Total Current Liabilities
=30116/29623
=1.01664247

Current Ratio (Last Year: Feb24)=Total Current Assets/Total Current Liabilities
=21063/24885
=0.8464135

Oracle's current ratio of this year was 1.01664247. Oracle's current ratio of last year was 0.8464135. ==> 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.

Oracle's number of shares in issue this year was 2874. Oracle's number of shares in issue last year was 2819. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=39673/55783
=0.71120234

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=37561/52510
=0.71531137

Oracle's gross margin of this year was 0.71120234. Oracle's gross margin of last year was 0.71531137. ==> 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 (Feb24)
=55783/137082
=0.40693162

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb23)
=52510/131620
=0.39895153

Oracle's asset turnover of this year was 0.40693162. Oracle's asset turnover of last year was 0.39895153. ==> 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+1+1+1+1+1+0+0+1
=7

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

Oracle has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Oracle  (NYSE:ORCL) 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.


Oracle Piotroski F-Score Related Terms

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Oracle Business Description

Address
2300 Oracle Way, Austin, TX, USA, 78741
Oracle provides enterprise applications and infrastructure offerings around the world through a variety of flexible IT deployment models, including on-premises, cloud-based, and hybrid. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system, which is commonly used for running online transaction processing and data warehousing workloads. Besides database systems, Oracle also sells enterprise resource planning, or ERP, customer relationship management, or CRM, and human capital management, or HCM, applications. Today, Oracle has more than 159,000 full-time employees in over 170 countries.
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