Api Power Co (XNEP:API) Piotroski F-Score

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What is Api Power Co Piotroski F-Score?

Api Power Co does not have enough data to calculate Piotroski F-Score.

Api Power Co Piotroski F-Score Historical Data

The historical data trend for Api Power Co's Piotroski F-Score can be seen below:

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Piotroski F-Score

Api Power Co (XNEP:API) 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.

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Api Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Api Power Co Ltd (XNEP:API) » Definitions » Piotroski F-Score

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N/A

Address

Thapathali, K.M.N.Pa - 11, 4th Floor, Trade Tower, Kathmandu, NPL

Website

https://www.apipower.com.np

Api Power Co Ltd is a hydroelectricity company. The company is engaged in the generation of hydroelectricity and solar power, project development, and investment in the shares of projects and other companies in related sectors. It is currently engaged in operating hydropower plants namely, Naugad Gad HEP, Upper Naugad Gad HEP, and Upper Chameliya HEP, solar power plants namely, Chandranigahapur Solar Plant, Dhalkebar Solar Plant, Simara Solar Plant; and developing Trishuli Galchhi and other solar plants at various locations across the country. The company has been involved in the production and sale of electricity in two segments namely, Hydropower Segment and Solar Power Segment. It derives maximum revenue from the Hydropower Segment.