Piotroski deep value

Bullish

Top-quintile cheap + top-decile F-Score quality + momentum not collapsing. The classic Piotroski winner.

PRIMARY SOURCE

Piotroski 2000

TYPICAL HORIZON

6-18 months

FACTORS USED

valuequalityaccrualsmomentum

What it means

Cheap stocks typically split into two populations: cheap-because-broken and cheap-because-temporarily-hated. Piotroski's F-Score (9 accounting checks) separates them. This pattern fires on the top F-Score quintile within the cheap cohort, with price action not in freefall.

Why it works

Piotroski 2000 showed the top F-Score cheap cohort outperforms the bottom cohort by 7-10% per year. The effect comes from correcting analyst over-reaction to short-term bad news on businesses that are actually improving.

Watch out

Small-cap bias in the original study. Works best on stocks under $10B market cap where analyst coverage is thin. Mega-caps with the same factor profile generally have already been arbitraged.

Live matches

34 tickers firing right now

TickerCompanySectorChangeScore

NBIXNeurocrine BiosciencesHealthcare-0.76%68[22–95]ROPRoper TechnologiesIndustrials+3.15%67[21–95]FSLRFirst Solar Inc.Energy+0.12%66[20–95]BKNGBooking HoldingsConsumer+0.61%66[20–95]GOOGAlphabet Inc. Class CTechnology-0.05%64[18–95]HLTHilton WorldwideConsumer+0.62%63[17–95]GOOGLAlphabet Inc.Technology+0.04%62[16–95]GPNGlobal PaymentsTechnology+1.61%62[16–95]FAFFirst American FinancialFinancial Services+2.24%62[16–95]OKTAOkta Inc.Technology+5.16%61[15–95]MNDYMonday.com Ltd.Technology+8.43%61[15–95]INTUIntuit Inc.Technology+2.59%61[15–95]MARMarriott InternationalConsumer+1.70%61[15–95]FIVEFive BelowConsumer Cyclical+2.21%60[14–95]HUBSHubSpot Inc.Technology+5.11%60[14–95]REGRegency CentersReal Estate+1.67%60[14–95]OVVOvintiv Inc.Energy+0.05%60[14–95]ORealty IncomeReal Estate+0.97%60[14–95]AMDAdvanced Micro DevicesTechnology-0.73%60[14–95]ABBVAbbVie Inc.Healthcare-0.47%60[14–95]GMEDGlobus MedicalHealthcare+2.99%60[14–95]ALGNAlign TechnologyHealthcare+0.97%59[13–95]ADIAnalog DevicesSemiconductors+0.26%59[13–95]WABWabtec CorporationIndustrials-1.41%59[13–95]EPAMEPAM SystemsTechnology+7.98%59[13–95]DALDelta Air LinesIndustrials+0.01%59[13–95]FTVFortive CorporationIndustrials+0.49%59[13–95]DOVDover CorporationIndustrials+0.03%59[13–95]WKWorkiva Inc.Technology+5.08%59[13–95]NOWServiceNow Inc.Technology+8.78%58[12–95]FISFidelity National InfoTechnology+3.76%58[12–95]EDConsolidated EdisonUtilities+1.09%58[12–95]TELTE ConnectivityTechnology-2.24%57[11–95]EWEdwards LifesciencesHealthcare+1.24%56[10–95]

Disclaimer. Pattern matches are research signals, not investment advice. Past performance of an academic effect does not guarantee future returns. Forward-return tracking for Framler's own implementation begins 2026-05-16 after the calibration window closes.