This scanner generates a list of companies that meet the criteria of Piotroski Score.

The Piotroski Fscore is a nine-point scoring system that evaluates a company’s financial health based on its financial statements. 

The higher the score, the stronger the financial health of the company.

It was developed by Joseph Piotroski, an accounting professor at the University of Chicago. The score is designed to identify companies with strong financial fundamentals that have the potential to outperform the market.

Scanner Rules:

  • Net Profit >0
  • Cash from operations last year >0
  • Cash from operations last year > Net Profit last year
  • Return on assets > Return on assets preceding year
  • Number of equity shares preceding year <=Number of equity shares
  • OPM last year >OPM preceding year
  • Asset Turnover Ratio >Return on assets preceding year/ NPM preceding year
  • Debt/Total Assets<Debt preceding year/(Net Profit last year /Return on assets preceding year)
  • Current ratio >1
  • Piotroski score =9

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