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Garden City Co (Garden City Co) Piotroski F-Score


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What is Garden City Co Piotroski F-Score?

Garden City Co does not have enough data to calculate Piotroski F-Score.


Garden City Co Piotroski F-Score Historical Data

The historical data trend for Garden City Co's Piotroski F-Score can be seen below:

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Garden City Co Piotroski F-Score Chart

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Piotroski F-Score

Garden City Co  (OTCPK:GCCO) 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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Garden City Co (Garden City Co) Business Description

Traded in Other Exchanges
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Address
1905 West Fulton, P.O. Box 597, Garden City, KS, USA, 67846
Garden City Co owns irrigated farmland and other lands in Southwest Kansas. The company leases its farmland to tenant farmers on a crop share basis, also the Company receives oil and gas royalties from wells maintained by third parties on its property.

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