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Teton Advisors (Teton Advisors) Piotroski F-Score : N/A (As of May. 24, 2024)


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What is Teton Advisors Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Teton Advisors has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Teton Advisors's Piotroski F-Score or its related term are showing as below:

During the past 3 years, the highest Piotroski F-Score of Teton Advisors was 3. The lowest was 3. And the median was 3.


Teton Advisors Piotroski F-Score Historical Data

The historical data trend for Teton Advisors'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.

* Premium members only.

Teton Advisors Piotroski F-Score Chart

Teton Advisors Annual Data
Trend Dec21 Dec22 Dec23
Piotroski F-Score
N/A N/A 3.00

Teton Advisors Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A 3.00 N/A

Competitive Comparison of Teton Advisors's Piotroski F-Score

For the Asset Management subindustry, Teton Advisors's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Teton Advisors's Piotroski F-Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Teton Advisors's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Teton Advisors's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 0.183 + 0.344 + 0.3 + 0.298 = $1.13 Mil.
Cash Flow from Operations was 0.154 + 0.782 + 0.623 + 0.55 = $2.11 Mil.
Revenue was 2.729 + 2.754 + 2.498 + 2.506 = $10.49 Mil.
Gross Profit was 1.959 + 2.071 + 1.993 + 1.195 = $7.22 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(29.664 + 29.395 + 29.946 + 30.469 + 30.925) / 5 = $30.0798 Mil.
Total Assets at the begining of this year (Mar23) was $29.66 Mil.
Long-Term Debt & Capital Lease Obligation was $0.11 Mil.
Total Current Assets was $24.97 Mil.
Total Current Liabilities was $2.36 Mil.
Net Income was 0.251 + 0.296 + 0.426 + 0.378 = $1.35 Mil.

Revenue was 3.48 + 3.223 + 3.009 + 2.962 = $12.67 Mil.
Gross Profit was 2.714 + 2.502 + 2.297 + 1.608 = $9.12 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(0 + 0 + 0 + 37.261 + 29.664) / 5 = $33.4625 Mil.
Total Assets at the begining of last year (Mar22) was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $0.18 Mil.
Total Current Assets was $22.95 Mil.
Total Current Liabilities was $2.45 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Teton Advisors's current Net Income (TTM) was 1.13. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Teton Advisors's current Cash Flow from Operations (TTM) was 2.11. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar23)
=1.125/29.664
=0.03792476

ROA (Last Year)=Net Income/Total Assets (Mar22)
=1.351/0
=

Teton Advisors's return on assets of this year was 0.03792476. Teton Advisors's return on assets of last year was . ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Teton Advisors's current Net Income (TTM) was 1.13. Teton Advisors's current Cash Flow from Operations (TTM) was 2.11. ==> 2.11 > 1.13 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=0.106/30.0798
=0.00352396

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=0.184/33.4625
=0.00549869

Teton Advisors's gearing of this year was 0.00352396. Teton Advisors's gearing of last year was 0.00549869. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=24.97/2.356
=10.59847199

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=22.949/2.454
=9.35167074

Teton Advisors's current ratio of this year was 10.59847199. Teton Advisors's current ratio of last year was 9.35167074. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Teton Advisors's number of shares in issue this year was 1.623. Teton Advisors's number of shares in issue last year was 1.607. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=7.218/10.487
=0.68828073

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=9.121/12.674
=0.7196623

Teton Advisors's gross margin of this year was 0.68828073. Teton Advisors's gross margin of last year was 0.7196623. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar23)
=10.487/29.664
=0.35352616

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=12.674/0
=

Teton Advisors's asset turnover of this year was 0.35352616. Teton Advisors's asset turnover of last year was . ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+0+0+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Teton Advisors has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Teton Advisors  (OTCPK:TETAA) 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.


Teton Advisors Piotroski F-Score Related Terms

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Teton Advisors (Teton Advisors) Business Description

Traded in Other Exchanges
N/A
Address
189 Mason Street, Greenwich, CT, USA, 06830
Teton Advisors Inc is a multi asset manager company uncovering opportunities within inefficient markets, and are pioneer in micro, small and mid-cap value investing. It offers a product suite of mutual funds and separate account strategies, With complementary investment teams expanding research coverage across the platform and marketing efforts levered against a larger organization. The company aims at value creation for both clients and shareholders. The Company operates in one business segment that is the investment advisory and asset management business.
Executives
Westwood Management Corp /tx 10 percent owner 200 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Howard F. Ward director 401 THEODORE FREMD AVENUE, RYE NY 10580
Jeffrey M Farber officer: Chief Financial Officer C/O THE HANOVER INSURANCE GROUP, 440 LINCOLN STREET, WORCESTER MA 01653
Mario J Gabelli 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Bruce N Alpert director, officer: Chairman C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Gamco Investors, Inc. Et Al 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc. 10 percent owner 189 MASON STREET, GREENWICH CT 06830
Douglas R Jamieson director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Mjg Iv Limited Partnership 10 percent owner
Edward T Tokar director
Nicholas F. Galluccio director, officer: CEO & President C/O TETON ADVISORS, INC., 401 THEODORE FREMD AVENUE, RYE NY 10580
Alfred W. Fiore director C/O TETON ADVISORS, INC., 401 THEODORE FREMD AVENUE, RYE NY 10580

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