Telpac Industries (Telpac Industries) Piotroski F-Score

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What is Telpac Industries Piotroski F-Score?

Telpac Industries does not have enough data to calculate Piotroski F-Score.

Telpac Industries Piotroski F-Score Historical Data

The historical data trend for Telpac Industries'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.
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Piotroski F-Score

Telpac Industries (OTCPK:TLPC) 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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Telpac Industries (Telpac Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Telpac Industries Inc (OTCPK:TLPC) » Definitions » Piotroski F-Score

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Address

9025 Wilshire Boulevard, 5th Floor, Beverly Hills, CA, USA, 90211

Website

http://www.telpacindustriesinc.com

Telpac Industries Inc is an e-commerce solution developer and provider in the areas of social networks, online multiplayer video gaming. The company provides payment solutions in online applications, mobile devices, stored value solutions in the Business to Business, Business to Consumer, and Person to Person markets.

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