Fundamentals

Piotroski F-Score

A 0–9 checklist of nine fundamental tests that gauges the financial strength and improvement of a company.

Created by accounting professor Joseph Piotroski, the F-Score awards one point each for nine pass/fail tests across profitability (positive earnings, positive cash flow, rising ROA, cash flow exceeding earnings), leverage and liquidity (falling debt, rising current ratio, no share dilution), and efficiency (rising margin and asset turnover). A score of 8–9 is strong; 0–2 is weak.

It was designed to separate winners from losers among cheap 'value' stocks, and rewards companies whose fundamentals are improving, not just statically good. It's a compact quality filter.

On StockSetups

The Piotroski F-Score is a screener field on StockSetups, a fast way to require fundamental quality and improvement behind a technical setup.

Related terms

Get daily signals & real-time alerts.

StockSetups scans ~12,300 US stocks & ETFs after every close and sorts every long setup into four ranked lanes — each with a trade plan — plus an always-on engine firing 35+ real-time intraday alerts. Free for 7 days, cancel in one click.

Start free — 7-day full access →