Piotroski Score - FMP API

Altman Z-Score:

The Altman Z-Score is calculated with the following formula:

Piotroski Score:

The score consists of the following criteria (each rule assigns one point):

Profitability Criteria:

The rules for these criteria (4 points):

1. roa_ttm > 0: Score +1
2. net_income_ttm > 0: Score +1
3. operating_cashflow_ttm > 0: Score +1
4. operating_cashflow_ttm > net_income_ttm: Score +1

Leverage, Liquidity and Source of Funds Criteria:

The rules for these criteria (3 points):

5. current_ratio_this_year > current_ratio_last_year: Score +1
6. long_term_debt_this_year < long_term_debt_last_year: Score +1
7. outstanding_shares_this_year < outstanding_shares_last_year: Score +1

Operating Efficiency Criteria:

The rules for these criteria (2 points):

8. gross_margin_quarter > gross_margin_last_year_quarter: Score +1
9. asset_turnover_ttm > asset_turnover_last_year: Score +1

The Piotroski score is a discrete score between zero and nine that reflects nine criteria used to determine the strength of a firm's financial position.