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Adtalem Global Education (STU:DVY) Piotroski F-Score : 9 (As of Mar. 30, 2025)


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What is Adtalem Global Education Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, 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

Adtalem Global Education has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

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

During the past 13 years, the highest Piotroski F-Score of Adtalem Global Education was 9. The lowest was 4. And the median was 6.


Adtalem Global Education Piotroski F-Score Historical Data

The historical data trend for Adtalem Global Education'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.

Adtalem Global Education Piotroski F-Score Chart

Adtalem Global Education Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 8.00 7.00 7.00 7.00

Adtalem Global Education Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 7.00 7.00 8.00 9.00

Competitive Comparison of Adtalem Global Education's Piotroski F-Score

For the Education & Training Services subindustry, Adtalem Global Education'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.


Adtalem Global Education's Piotroski F-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Adtalem Global Education's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Adtalem Global Education's Piotroski F-Score falls into.


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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 33.875 + 45.91 + 41.595 + 72.442 = €194 Mil.
Cash Flow from Operations was 159.47 + 37.69 + 80.474 + -18.163 = €259 Mil.
Revenue was 379.645 + 380.804 + 376.077 + 427.581 = €1,564 Mil.
Gross Profit was 218.35 + 211.224 + 208.496 + 249.344 = €887 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(2476.748 + 2497.831 + 2546.776 + 2538.754 + 2600.422) / 5 = €2532.1062 Mil.
Total Assets at the begining of this year (Dec23) was €2,477 Mil.
Long-Term Debt & Capital Lease Obligation was €795 Mil.
Total Current Assets was €389 Mil.
Total Current Liabilities was €367 Mil.
Net Income was 42.842 + 20.531 + 9.975 + 36.58 = €110 Mil.

Revenue was 344.723 + 336.564 + 345.608 + 360.603 = €1,387 Mil.
Gross Profit was 189.847 + 185.452 + 187.613 + 202.816 = €766 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(2683.828 + 2677.887 + 2594.129 + 2618.129 + 2476.748) / 5 = €2610.1442 Mil.
Total Assets at the begining of last year (Dec22) was €2,684 Mil.
Long-Term Debt & Capital Lease Obligation was €793 Mil.
Total Current Assets was €347 Mil.
Total Current Liabilities was €365 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.

Adtalem Global Education's current Net Income (TTM) was 194. ==> 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.

Adtalem Global Education's current Cash Flow from Operations (TTM) was 259. ==> 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 (Dec23)
=193.822/2476.748
=0.07825665

ROA (Last Year)=Net Income/Total Assets (Dec22)
=109.928/2683.828
=0.04095941

Adtalem Global Education's return on assets of this year was 0.07825665. Adtalem Global Education's return on assets of last year was 0.04095941. ==> 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.

Adtalem Global Education's current Net Income (TTM) was 194. Adtalem Global Education's current Cash Flow from Operations (TTM) was 259. ==> 259 > 194 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=794.536/2532.1062
=0.31378463

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=793.183/2610.1442
=0.30388474

Adtalem Global Education's gearing of this year was 0.31378463. Adtalem Global Education's gearing of last year was 0.30388474. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=388.766/367.249
=1.05858968

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=346.717/365.491
=0.94863348

Adtalem Global Education's current ratio of this year was 1.05858968. Adtalem Global Education's current ratio of last year was 0.94863348. ==> 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.

Adtalem Global Education's number of shares in issue this year was 38.401. Adtalem Global Education's number of shares in issue last year was 40.787. ==> 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
=887.414/1564.107
=0.56736144

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=765.728/1387.498
=0.55187683

Adtalem Global Education's gross margin of this year was 0.56736144. Adtalem Global Education's gross margin of last year was 0.55187683. ==> This year's gross 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=1564.107/2476.748
=0.63151641

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1387.498/2683.828
=0.51698469

Adtalem Global Education's asset turnover of this year was 0.63151641. Adtalem Global Education's asset turnover of last year was 0.51698469. ==> 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+0+1+1+1+1
=8

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

Adtalem Global Education has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Adtalem Global Education  (STU:DVY) 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.


Adtalem Global Education Piotroski F-Score Related Terms

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Adtalem Global Education Business Description

Traded in Other Exchanges
Address
500 West Monroe Street, Suite 28, Chicago, IL, USA, 60661
Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company has three segments namely Chamberlain; Walden; and Medical and Veterinary. It derives maximum revenue from Chamberlain segment.

Adtalem Global Education Headlines

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