Reaves Utilityome FundUTG -0.20%24 Piotroski F-Score is 1 as of Jul. 03, 2026, which is 75% below its 10-year median of 4.00. GuruFocus rates UTG with a GF Score™ of 24/100. The stock has 8 warning signs investors should review. Among 1,595 Asset Management companies, Reaves Utilityome Fund ranks worse than 98.43% on this metric.
Warning Sign:
Piotroski F-Score of 1 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Reaves Utilityome Fund has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Reaves Utilityome Fund's Piotroski F-Score or its related term are showing as below:
UTG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 1
During the past 13 years, the highest Piotroski F-Score of Reaves Utilityome Fund was 8. The lowest was 1. And the median was 4.
Reaves Utilityome Fund (AMEX:UTG) 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.
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.
Reaves Utilityome Fund Piotroski F-Score Related Terms
Reaves Utilityome Fund Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Reaves Utilityome Fund'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.
UTG vs NEA, CNS, HLNE: Piotroski F-Score Comparison
For the Asset Management subindustry, Reaves Utilityome Fund'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.
Reaves Utilityome Fund Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Reaves Utilityome Fund's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Reaves Utilityome Fund's Piotroski F-Score falls into.
* 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.
*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.
Reaves Utilityome Fund's current Net Income (TTM) was 769.1.
==> 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.
Reaves Utilityome Fund's current Cash Flow from Operations (TTM) was -114.5.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Reaves Utilityome Fund's return on assets of this year was 0.2188755. Reaves Utilityome Fund's return on assets of last year was 0.3567751.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Reaves Utilityome Fund's gearing of this year was 0.22105525. Reaves Utilityome Fund's gearing of last year was 0.21887751.
==> 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
* 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.
Reaves Utilityome Fund's current ratio of this year was 5.00729969. Reaves Utilityome Fund's current ratio of last year was 5.37864723.
==> 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.
Reaves Utilityome Fund's number of shares in issue this year was 89.749. Reaves Utilityome Fund's number of shares in issue last year was 83.603.
==> 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.
* 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.
Reaves Utilityome Fund's net margin of this year was 0.9922672. Reaves Utilityome Fund's net margin of last year was 0.99435192.
==> Last year's net 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
Reaves Utilityome Fund's asset turnover of this year was 0.2205812. Reaves Utilityome Fund's asset turnover of last year was 0.35880164.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Reaves Utilityome Fund has an F-score of 1. It is a bad or low score, which usually implies poor business operation.
Reaves Utilityome Fund (UTG) has a Piotroski F-Score of 1 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Reaves Utilityome Fund and its competitors. This is 75% below median its historical median of 4.00. Over the past decade, Reaves Utilityome Fund's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Reaves Utilityome Fund ranks #1570 out of 1595 companies in the Asset Management industry, placing it in the top 98.4%.
Is Reaves Utilityome Fund's Piotroski F-Score too high?
Reaves Utilityome Fund's current Piotroski F-Score of 1 is 75% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Reaves Utilityome Fund's value of 1 is 80% below this industry median. Based on the distribution chart, Reaves Utilityome Fund ranks #1570 out of 1595 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Reaves Utilityome Fund has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Reaves Utilityome Fund's Piotroski F-Score compare to NEA and CNS?
According to the Asset Management industry distribution chart, Reaves Utilityome Fund ranks #1570 out of 1595 companies for Piotroski F-Score. This places Reaves Utilityome Fund in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Reaves Utilityome Fund's value of 1 is 80% below this benchmark. Historically, Reaves Utilityome Fund's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Reaves Utilityome Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,595 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Reaves Utilityome Fund's current Piotroski F-Score of 1 is 80% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Reaves Utilityome Fund and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reaves Utilityome Fund's current Piotroski F-Score is 1, which is 75% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reaves Utilityome Fund stock overvalued right now?
Reaves Utilityome Fund (UTG) has a current Piotroski F-Score of 1. The current Piotroski F-Score is 1, which is 75% below median its 10-year median of 4.00 and 80% below the Asset Management industry median of 5.00. Reaves Utilityome Fund's overall GF Score™ is 24/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Reaves Utilityome Fund (UTG), the current Piotroski F-Score is 1 as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Reaves Utility Income Fund is a closed-end management investment company. The company's investment objective is to provide a high level of after-tax income and total return consisting of tax-advantaged dividend income and capital appreciation. It invests a portion of its total assets in securities of utility companies, which may include companies in the electric, gas, water, telecommunications sectors, as well as other companies engaged in other infrastructure operations.
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