Brand Group MG (XTAE:BRND) Piotroski F-Score

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What is Brand Group MG Piotroski F-Score?

Brand Group MG does not have enough data to calculate Piotroski F-Score.

Brand Group MG Piotroski F-Score Historical Data

The historical data trend for Brand Group MG's Piotroski F-Score can be seen below:

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Piotroski F-Score

Brand Group MG (XTAE:BRND) 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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Brand Group MG (XTAE:BRND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Brand Group MG Ltd (XTAE:BRND) » Definitions » Piotroski F-Score

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Traded in Other Exchanges

N/A

Address

Industrial Zone, PO Box 145, Yeruham, ISR, 80500

Website

http://brand-industries.com

Brand Group MG Ltd formerly Brand Industries Ltd is a solutions provider in the Israel metals industry,for infrastructure, energy and security. It is involved in the design, production and establishment of large-scale steel projects in Israel and abroad, which include the energy, chemical, infrastructures, and construction industries. It provides steel related products and services for power plants, large-scale plants and infrastructure and pressure vessels.

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