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VAL (Valaris) Piotroski F-Score : 7 (As of Jul. 14, 2025)


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What is Valaris 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

Valaris 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 Valaris's Piotroski F-Score or its related term are showing as below:

VAL' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 6 years, the highest Piotroski F-Score of Valaris was 7. The lowest was 4. And the median was 6.


Valaris Piotroski F-Score Historical Data

The historical data trend for Valaris'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.

Valaris Piotroski F-Score Chart

Valaris Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 5.00 5.00 5.00

Valaris Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.00 6.00 7.00 5.00 7.00

Competitive Comparison of Valaris's Piotroski F-Score

For the Oil & Gas Equipment & Services subindustry, Valaris'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.


Valaris's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Valaris's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Valaris'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 (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 149.6 + 64.6 + 133.7 + -37.9 = $310 Mil.
Cash Flow from Operations was 11.5 + 193 + 124.6 + 155.9 = $485 Mil.
Revenue was 610.1 + 643.1 + 584.4 + 620.7 = $2,458 Mil.
Gross Profit was 141.7 + 149.3 + 135.2 + 172.6 = $599 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(4354.4 + 4415.6 + 4333.4 + 4419.8 + 4386.8) / 5 = $4382 Mil.
Total Assets at the begining of this year (Mar24) was $4,354 Mil.
Long-Term Debt & Capital Lease Obligation was $1,135 Mil.
Total Current Assets was $1,158 Mil.
Total Current Liabilities was $695 Mil.
Net Income was -29.4 + 12.9 + 835.2 + 25.5 = $844 Mil.

Revenue was 415.2 + 455.1 + 483.8 + 525 = $1,879 Mil.
Gross Profit was 17.2 + 38.4 + 54.3 + 53.4 = $163 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(2951.2 + 3088.4 + 3484.9 + 4322.2 + 4354.4) / 5 = $3640.22 Mil.
Total Assets at the begining of last year (Mar23) was $2,951 Mil.
Long-Term Debt & Capital Lease Obligation was $1,130 Mil.
Total Current Assets was $1,198 Mil.
Total Current Liabilities was $761 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.

Valaris's current Net Income (TTM) was 310. ==> 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.

Valaris's current Cash Flow from Operations (TTM) was 485. ==> 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 (Mar24)
=310/4354.4
=0.07119236

ROA (Last Year)=Net Income/Total Assets (Mar23)
=844.2/2951.2
=0.28605313

Valaris's return on assets of this year was 0.07119236. Valaris's return on assets of last year was 0.28605313. ==> Last year is higher ==> Score 0.

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.

Valaris's current Net Income (TTM) was 310. Valaris's current Cash Flow from Operations (TTM) was 485. ==> 485 > 310 ==> 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: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1135.4/4382
=0.25910543

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1129.9/3640.22
=0.31039333

Valaris's gearing of this year was 0.25910543. Valaris's gearing of last year was 0.31039333. ==> 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: Mar25)=Total Current Assets/Total Current Liabilities
=1157.8/694.6
=1.66685862

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=1197.6/760.7
=1.57433942

Valaris's current ratio of this year was 1.66685862. Valaris's current ratio of last year was 1.57433942. ==> 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.

Valaris's number of shares in issue this year was 71. Valaris's number of shares in issue last year was 73.6. ==> 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
=598.8/2458.3
=0.24358296

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=163.3/1879.1
=0.0869033

Valaris's gross margin of this year was 0.24358296. Valaris's gross margin of last year was 0.0869033. ==> 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 (Mar24)
=2458.3/4354.4
=0.56455539

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1879.1/2951.2
=0.63672404

Valaris's asset turnover of this year was 0.56455539. Valaris's asset turnover of last year was 0.63672404. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+1+1+1+0
=7

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

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

Valaris  (NYSE:VAL) 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.


Valaris Piotroski F-Score Related Terms

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Valaris Business Description

Traded in Other Exchanges
N/A
Address
2 Church Street, Claredon House, Hamilton, BMU, HM 11
Valaris Ltd is an offshore contract drilling company. The company provides offshore contract drilling services to the international oil and gas industry with operations in almost every offshore market across six continents. Its business consists of four operating segments: Floaters, which includes drillships and semisubmersible rigs; Jackups; ARO; and Other, which consists of management services on rigs owned by third parties. It generates the majority of its revenue from the Floaters segment.
Executives
Anton Dibowitz director C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Christopher T Weber officer: SVP - CFO 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Matthew Lyne officer: SVP - CCO 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Davor Vudakin officer: SVP & General Counsel C/O VALARIS LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11
Gilles Luca officer: Sr. VP - Western Hemisphere 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Grable Colleen officer: Controller 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Oak Hill Advisors Lp 10 percent owner 1 VANDERBILT AVE, 16TH FLOOR, NEW YORK NY 10017
Kristian Johansen director 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77024
Catherine Hughes director 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Gunnar W. Eliassen director C/O QUINTANA MINERALS CORPORATION, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Darin Gibbins officer: Interim CFO and VP 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057
Elizabeth Leykum director C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192
Dick Fagerstal director C/O SEACOR HOLDINGS INC., 460 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10022
Joseph Goldschmid director, other: See Remarks C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000
Deepak Munganahalli director C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000