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Pfizer (XBUL:PFE) Piotroski F-Score : 7 (As of Mar. 28, 2025)


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What is Pfizer 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

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

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

During the past 13 years, the highest Piotroski F-Score of Pfizer was 7. The lowest was 4. And the median was 6.


Pfizer Piotroski F-Score Historical Data

The historical data trend for Pfizer'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.

Pfizer Piotroski F-Score Chart

Pfizer Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 7.00 4.00 7.00

Pfizer 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 4.00 3.00 4.00 5.00 7.00

Competitive Comparison of Pfizer's Piotroski F-Score

For the Drug Manufacturers - General subindustry, Pfizer'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.


Pfizer's Piotroski F-Score Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Pfizer's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Pfizer'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 5654.071 + 74.42 + 8104.471 + 744.196 = лв14,577 Mil.
Cash Flow from Operations was 1978.471 + -3232.713 + 12186.655 + 12199.361 = лв23,132 Mil.
Revenue was 27005.221 + 24110.119 + 32129.28 + 32243.632 = лв115,488 Mil.
Gross Profit was 20871.961 + 18120.253 + 22576.351 + 21518.141 = лв83,087 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(411124.457 + 401311.967 + 392414.292 + 398373.302 + 387337.427) / 5 = лв398112.289 Mil.
Total Assets at the begining of this year (Dec23) was лв411,124 Mil.
Long-Term Debt & Capital Lease Obligation was лв102,922 Mil.
Total Current Assets was лв91,405 Mil.
Total Current Liabilities was лв78,041 Mil.
Net Income was 10061.16 + 4223.763 + -4323.594 + -6115.109 = лв3,846 Mil.

Revenue was 33552.327 + 23607.334 + 24489.478 + 26444.352 = лв108,093 Mil.
Gross Profit was 24683.694 + 17731.819 + 7665.214 + 12716.668 = лв62,797 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(357948.965 + 355066.568 + 399629.359 + 390286.982 + 411124.457) / 5 = лв382811.2662 Mil.
Total Assets at the begining of last year (Dec22) was лв357,949 Mil.
Long-Term Debt & Capital Lease Obligation was лв109,812 Mil.
Total Current Assets was лв78,654 Mil.
Total Current Liabilities was лв86,751 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.

Pfizer's current Net Income (TTM) was 14,577. ==> 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.

Pfizer's current Cash Flow from Operations (TTM) was 23,132. ==> 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)
=14577.158/411124.457
=0.0354568

ROA (Last Year)=Net Income/Total Assets (Dec22)
=3846.22/357948.965
=0.01074516

Pfizer's return on assets of this year was 0.0354568. Pfizer's return on assets of last year was 0.01074516. ==> 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.

Pfizer's current Net Income (TTM) was 14,577. Pfizer's current Cash Flow from Operations (TTM) was 23,132. ==> 23,132 > 14,577 ==> 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
=102922.239/398112.289
=0.25852565

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=109812.4/382811.2662
=0.28685781

Pfizer's gearing of this year was 0.25852565. Pfizer's gearing of last year was 0.28685781. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=91405.36/78040.697
=1.17125248

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=78654.205/86751.415
=0.90666193

Pfizer's current ratio of this year was 1.17125248. Pfizer's current ratio of last year was 0.90666193. ==> 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.

Pfizer's number of shares in issue this year was 5703. Pfizer's number of shares in issue last year was 5694. ==> 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
=83086.706/115488.252
=0.7194386

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=62797.395/108093.491
=0.58095445

Pfizer's gross margin of this year was 0.7194386. Pfizer's gross margin of last year was 0.58095445. ==> 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)
=115488.252/411124.457
=0.28090825

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=108093.491/357948.965
=0.30198017

Pfizer's asset turnover of this year was 0.28090825. Pfizer's asset turnover of last year was 0.30198017. ==> 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+1+1+1+1+0+1+0
=7

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

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

Pfizer  (XBUL:PFE) 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.


Pfizer Piotroski F-Score Related Terms

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Pfizer Business Description

Address
66 Hudson Boulevard East, New York, NY, USA, 10001-2192
Pfizer is one of the world's largest pharmaceutical firms, with annual sales close to $50 billion (excluding covid-19-related product sales). While it historically sold many types of healthcare products and chemicals, now prescription drugs and vaccines account for the majority of sales. Top sellers include pneumococcal vaccine Prevnar 13, cancer drug Ibrance, and cardiovascular treatment Eliquis. Pfizer sells these products globally, with international sales representing close to 50% of total sales. Within international sales, emerging markets are a major contributor.