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Yelp (YELP) Piotroski F-Score : 7 (As of Mar. 04, 2025)


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What is Yelp 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

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

YELP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Yelp was 8. The lowest was 4. And the median was 7.


Yelp Piotroski F-Score Historical Data

The historical data trend for Yelp'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.

Yelp Piotroski F-Score Chart

Yelp 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 4.00 6.00 7.00 8.00 7.00

Yelp 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 8.00 8.00 9.00 9.00 7.00

Competitive Comparison of Yelp's Piotroski F-Score

For the Internet Content & Information subindustry, Yelp'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.


Yelp's Piotroski F-Score Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Yelp's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yelp's Piotroski F-Score falls into.


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 14.154 + 38.036 + 38.44 + 42.22 = $133 Mil.
Cash Flow from Operations was 72.855 + 39.689 + 102.298 + 70.973 = $286 Mil.
Revenue was 332.752 + 357.016 + 360.344 + 361.952 = $1,412 Mil.
Gross Profit was 305.397 + 326.339 + 327.962 + 328.682 = $1,288 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(1014.723 + 993.477 + 964.978 + 980.208 + 983.567) / 5 = $987.3906 Mil.
Total Assets at the begining of this year (Dec23) was $1,015 Mil.
Long-Term Debt & Capital Lease Obligation was $22 Mil.
Total Current Assets was $517 Mil.
Total Current Liabilities was $155 Mil.
Net Income was -1.178 + 14.729 + 58.216 + 27.406 = $99 Mil.

Revenue was 312.438 + 337.126 + 345.122 + 342.376 = $1,337 Mil.
Gross Profit was 286.379 + 306.942 + 316.752 + 312.76 = $1,223 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(1015.922 + 1021.682 + 1033.288 + 1027.318 + 1014.723) / 5 = $1022.5866 Mil.
Total Assets at the begining of last year (Dec22) was $1,016 Mil.
Long-Term Debt & Capital Lease Obligation was $48 Mil.
Total Current Assets was $624 Mil.
Total Current Liabilities was $176 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.

Yelp's current Net Income (TTM) was 133. ==> 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.

Yelp's current Cash Flow from Operations (TTM) was 286. ==> 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)
=132.85/1014.723
=0.13092243

ROA (Last Year)=Net Income/Total Assets (Dec22)
=99.173/1015.922
=0.09761871

Yelp's return on assets of this year was 0.13092243. Yelp's return on assets of last year was 0.09761871. ==> 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.

Yelp's current Net Income (TTM) was 133. Yelp's current Cash Flow from Operations (TTM) was 286. ==> 286 > 133 ==> 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
=22.47/987.3906
=0.02275695

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=48.065/1022.5866
=0.04700335

Yelp's gearing of this year was 0.02275695. Yelp's gearing of last year was 0.04700335. ==> 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
=516.879/154.974
=3.33526269

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=624.216/175.864
=3.54942456

Yelp's current ratio of this year was 3.33526269. Yelp's current ratio of last year was 3.54942456. ==> 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.

Yelp's number of shares in issue this year was 69.117. Yelp's number of shares in issue last year was 75.624. ==> 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
=1288.38/1412.064
=0.91240907

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1222.833/1337.062
=0.91456716

Yelp's gross margin of this year was 0.91240907. Yelp's gross margin of last year was 0.91456716. ==> Last year's gross 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=1412.064/1014.723
=1.39157583

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1337.062/1015.922
=1.31610695

Yelp's asset turnover of this year was 1.39157583. Yelp's asset turnover of last year was 1.31610695. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+0+1
=7

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

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

Yelp  (NYSE:YELP) 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.


Yelp Piotroski F-Score Related Terms

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Yelp Business Description

Traded in Other Exchanges
Address
350 Mission Street, 10th Floor, San Francisco, CA, USA, 94105
Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making better buying decisions and posting their feedbacks. Its products and services includes Advertising Products and Business Page Products. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses. The company generates majority of the revenue from United States.
Executives
Craig Saldanha officer: Chief Product Officer C/O YELP INC., 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
David A Schwarzbach officer: Chief Financial Officer C/O YELP INC.., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Joseph R Nachman officer: SVP, Sales C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94103
Sam Eaton officer: Chief Technology Officer C/O YELP, 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Carmen Orr officer: Chief People Officer C/O YELP INC., 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
Jeremy Stoppelman director, 10 percent owner, officer: Chief Executive Officer C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94103
Yelp Inc officer: Chief Technology Officer 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Chris Terrill director FORT WASHINGTON EXECUTIVE CENTER, 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
Vivek Patel officer: Chief Product Officer C/O YELP INC., 140 MONTGOMERY ST, 9TH FLOOR, SAN FRANCISCO CA 94105
Miriam Warren officer: Chief Diversity Officer C/O YELP, 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
Laurence Wilson officer: General Counsel and Secretary C/O YELP! INC., 706 MISSION ST., SAN FRANCISCO CA 94103
Carolyn Patterson officer: Chief People Officer C/O YELP, 140 NEW MONTGOMERY STREET, 9TH FLOOR, SAN FRANCISCO CA 94105
Royce A. Wells director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Christine Barone director C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
James Miln officer: Interim CFO C/O YELP INC., 140 NEW MONTGOMERY ST., 9TH FLOOR, SAN FRANCISCO CA 94105