Revenga Ingenieros (FRA:O8T) Piotroski F-Score

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What is Revenga Ingenieros Piotroski F-Score?

Revenga Ingenieros does not have enough data to calculate Piotroski F-Score.

Revenga Ingenieros Piotroski F-Score Historical Data

The historical data trend for Revenga Ingenieros's Piotroski F-Score can be seen below:

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Revenga Ingenieros Piotroski F-Score Chart

Revenga Ingenieros Annual Data

Trend

Dec20

Dec21

Dec22

Piotroski F-Score

Revenga Ingenieros Quarterly Data
	Dec20	Dec21	Dec22
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Revenga Ingenieros (FRA:O8T) 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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Revenga Ingenieros (FRA:O8T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Revenga Ingenieros SA (FRA:O8T) » Definitions » Piotroski F-Score

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Address

Calle Fragua 6, Madrid, ESP, 28760

Website

https://www.revenga.com

Revenga Ingenieros SA is a company engaged in the development of comprehensive solutions for telecommunications, information technologies, electronic security and railway systems. The technologies that support the company's activity are grouped into four parts such as Railway systems includes point heaters, level crossing protection, train monitoring systems, etc, Telecommunications networks includes implementing all types of telecommunications networks, both passive elements and equipment (SDH, DWDM, MPLS, WIFI/WIMAX, LTE, etc.). Information technologies provides voice, data and video solutions and Electronic security involves access management and detection through RFID, video surveillance, video analysis, biometrics, vehicle identification, detector systems, etc.

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