CoBank ACB (CoBank ACB) Piotroski F-Score

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What is CoBank ACB Piotroski F-Score?

CoBank ACB does not have enough data to calculate Piotroski F-Score.

CoBank ACB Piotroski F-Score Historical Data

The historical data trend for CoBank ACB'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.

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CoBank ACB Piotroski F-Score Chart

CoBank ACB Annual Data

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Piotroski F-Score

CoBank ACB Quarterly Data

Piotroski F-Score

CoBank ACB (OTCPK:CBKLP.PFD) 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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CoBank ACB (CoBank ACB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CoBank ACB (OTCPK:CBKLP.PFD) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

6340 South Fiddlers Green Circle, Greenwood Village, CO, USA, 80111

Website

https://www.cobank.com

CoBank ACB is engaged in providing cooperative banking services. It provides loans, leases, export financing, and other financial services to agribusinesses and rural power, water, and communications providers. The firm provides a broad range of loans and other financial services through three operating segments: Agribusiness, Farm Credit Banking and Rural Infrastructure.

CoBank ACB (CoBank ACB) Headlines

From GuruFocus

Iat Reinsurance Co Ltd. Buys CoBank ACB, AgriBank FCB, CoBank ACB, Sells General Electric Co, AbbVie Inc, DCP Midstream LP

By GuruFocus Research GuruFocus Editor • 08-16-2021