| XTY Stock | | | EUR 161.00 1.00 0.62% |
This module uses fundamental data of Carpenter Technology to approximate its Piotroski F score. Carpenter Technology F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Carpenter Technology. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Carpenter Technology financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Carpenter Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more detail on how to invest in Carpenter Stock please use our
How to Invest in Carpenter Technology guide.
At this time, it appears that Carpenter Technology's Piotroski F Score is Inapplicable. Although some professional money managers and academia have recently criticized
Piotroski F-Score model, we still consider it an effective method of
predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
0.0
Piotroski F Score - Inapplicable
| Change in Return on Assets | |
| Cash Flow Return on Assets | |
| Current Quality of Earnings (accrual) | |
| Long Term Debt Over Assets Change | |
| Change In Outstending Shares | |
Carpenter Technology Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Carpenter Technology is to make sure Carpenter is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Carpenter Technology's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Carpenter Technology's financial numbers are properly reported.
About Carpenter Technology Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled
Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
About Carpenter Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Carpenter Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carpenter Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Carpenter Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing
financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our
fundamental analysis page.
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Carpenter Stock
When determining whether Carpenter Technology is a strong investment it is important to analyze Carpenter Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carpenter Technology's
future performance.
For an informed investment choice regarding Carpenter Stock, refer to the following important reports: Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Carpenter Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
For more detail on how to invest in Carpenter Stock please use our
How to Invest in Carpenter Technology guide.
You can also try the
Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Please note, there is a significant difference between Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.