Key insights
- A Piotroski F-Score analysis of US companies with >$1B market cap reveals only four firms achieving a perfect 9/9 score: AWI, VMC, NDAQ, and BSY. These companies are concentrated in industrials and financial infrastructure, with no tech companies in the top tier. AAPL scored 8/9, while NVDA scored 3/9. This analysis suggests potential value in non-tech sectors based on fundamental financial health.
Hey r/stockmarket
For fun i do quite a bit of data analysis on the side and decided to do a piotroski F-score analysis on US companies.
The way Piotroski works is that it scales companies from 0 to 9 across 9 criterias including: profitability, leverage, liquidity and operational efficiency.
Price and sentiment gets left out. I ran it on every US public company above $1B market cap using SEC data. only 4 out of 3,152 score a perfect 9/9: - AWI (Armstrong World Industries) ROIC 33%, $8B - VMC (Vulcan Materials) ROIC 13%, $38B - NDAQ (Nasdaq Inc) ROIC 11%, $51B (the exchange operator) - BSY (Bentley Systems) ROIC 15%, $10B all four are industrials or financial infrastructure. not one AI, semiconductor, or consumer tech company in the top tier. AAPL comes in at 8/9. NVDA is at 3/9.
I'm not naive to think this is the best way to pick a stock but i thought it would be interesting to see which ones rank high. If anyone has done similar or other analysis feel free to share what worked.