Las acciones que serían seleccionadas según la estrategia de inversión de Joseph Piotroski se relacionan a continuación indicando el “Piotroski Score”, el precio actual, y la rentabilidad en porcentaje y en valor absoluto expresada en beneficio por acción.
La estrategia de inversión de Piotroski se basa en un sistema de puntuaciones que parte de la premisa de que exista una buena relación entre el valor de la acción en el mercado y el valor contable de la misma y, a partir de ahí, va puntuando estos nueve factores:
El Beneficio: si es positivo lo puntúa con 1 y si es negativo con 0
El flujo de caja de las operaciones (Cash Flow Operativo): si es positivo lo puntúa con 1 y si es negativo con 0
El aumento de la Rentabilidad del Activo (ROA): si aumenta en el último año lo puntúa con 1 y si no ha aumentado con 0
La disminución de la Deuda a largo plazo como porcentaje del total de los Activos: si el porcentaje disminuye lo puntúa con 1 y si no es así con 0
Un flujo de caja de las operaciones (Cash Flow Operativo) mayor que el Beneficio Neto: Si es mayor lo puntúa con 1 y si no es así con 0
El aumentao del coeficiente de solvencia, lo que indica el aumento de la capacidad para pagar las deudas a corto plazo: lo puntúa con 1 y si no es así con 0
El número de acciones en circulación estable o decreciente: lo puntúa con 1 y si no es así con 0
El aumento de las ventas en relación al total de los activos: lo puntúa con 1 y si no es así con 0
El aumento de margen bruto: lo puntúa con 1 y si no es así con 0
Como es sabido, la estrategia de compra se centraría en las empresas con una puntuación entre 7 y 9. De nuevo seguimos The Graham Investor para presentar la relación de empresas con puntuaciones entre 7 y 9, clasificadas de mayor a menor puntuación. La única con un score de 9 es Corinthian Colleges, Inc. (COCO).
| Ticker | Sociedad | Precio | Piotroski | BPA % (EPS) | BPA (EPS) |
| COCO | Corinthian Colleg | $14.00 | 9 | 17.16% | $1.093 |
| NVO | NOVO NORDISK A S | $67.43 | 8 | 23.60% | $3.29 |
| WMS | W M S INDS INC | $38.57 | 8 | 10.83% | $1.686 |
| CBRL | Cracker Barrel Ol | $37.95 | 8 | 12.27% | $3.105 |
| CASY | Caseys General St | $30.50 | 8 | 9.21% | $2.106 |
| SLE | SARA LEE CP | $12.39 | 8 | -9.98% | $0.597 |
| JKHY | Jack Henry & Asso | $22.05 | 8 | 13.19% | $1.266 |
| HWAY | Healthways, Inc. | $17.15 | 8 | 87.07% | $0.028 |
| OFIX | Orthofix Internat | $28.93 | 8 | -19.57% | $0.833 |
| PLL | PALL CP | $36.79 | 8 | 3.73% | $1.842 |
| SCHN | Schnitzer Steel I | $43.11 | 8 | -14.02% | $-0.242 |
| DLTR | Dollar Tree, Inc. | $51.19 | 8 | 10.44% | $3.207 |
| RMD | RESMED INC | $50.55 | 8 | 20.68% | $2.084 |
| FDS | FACTSET RESEARCH | $64.08 | 8 | 22.17% | $2.985 |
| PEGA | Pegasystems Inc. | $36.35 | 8 | -10.59% | $0.759 |
| EL | ESTEE LAUDER COS | $56.00 | 8 | -0.96% | $2.048 |
| VRSN | VeriSign, Inc. | $24.24 | 8 | 25.44% | $0.296 |
| IBM | INTL BUSINESS MAC | $124.67 | 7 | 9.13% | $10.008 |
| CL | COLGATE PALMOLIVE | $79.94 | 7 | 10.06% | $4.099 |
| AET | AETNA INC. NEW | $31.70 | 7 | 0.00% | $2.861 |
| EXC | EXELON CORPORATIO | $45.71 | 7 | 14.08% | $4.089 |
| BAX | BAXTER INTL INC | $56.34 | 7 | 12.40% | $3.591 |
| CLX | CLOROX CO | $60.57 | 7 | 9.82% | $4.012 |
| BCR | BARD C R INC | $82.89 | 7 | 18.42% | $4.992 |
| GIS | GEN MILLS INC | $71.03 | 7 | 7.39% | $4.828 |
| BOBE | Bob Evans Farms, | $28.53 | 7 | 20.76% | $0.042 |
| HSY | THE HERSHEY COMPA | $37.15 | 7 | 1.47% | $1.711 |
| TAP | MOLSON COORS CO C | $42.00 | 7 | 4.50% | $3.24 |
| KMB | KIMBERLY CLARK CP | $60.39 | 7 | 2.52% | $4.52 |
| AAPL | Apple Inc. | $194.73 | 7 | 21.50% | $7.489 |
| CB | CHUBB CP THE | $49.84 | 7 | 11.84% | $5.305 |
| NEU | NEWMARKET CORP | $84.71 | 7 | 3.35% | $10.646 |
| SHLM | A. Schulman, Inc. | $22.14 | 7 | 23.67% | $0.232 |
| BCPC | Balchem Corporati | $19.35 | 7 | 20.57% | $0.86 |
| DCI | DONALDSON CO INC | $38.22 | 7 | 9.14% | $1.499 |
| TIN | TEMPLE INLAND INC | $17.91 | 7 | 32.78% | $1.508 |
| SYY | SYSCO CP | $27.99 | 7 | 11.40% | $1.865 |
| UNF | UNIFIRST CP | $50.65 | 7 | 16.26% | $4.155 |
| NPK | NATL PRESTO IND | $114.52 | 7 | 14.65% | $8.619 |
| TYL | TYLER TECHNGIES | $19.00 | 7 | -4.30% | $0.691 |
| GTY | GETTY RLTY HLDG C | $21.41 | 7 | -8.63% | $1.816 |
| FDO | FAMILY DOLLAR STO | $31.28 | 7 | 8.42% | $2.136 |
| CSL | CARLISLE COS INC | $34.26 | 7 | -6.59% | $1.988 |
| THO | THOR INDS INC | $31.75 | 7 | -9.21% | $0.639 |
| MIL | MILLIPORE CP | $68.33 | 7 | 0.44% | $3.081 |
| CHE | CHEMED CORP | $49.34 | 7 | 14.35% | $3.429 |
| HCSG | Healthcare Servic | $20.70 | 7 | 18.92% | $0.703 |
| HGIC | Harleysville Grou | $31.66 | 7 | -1.84% | $2.377 |
| IVC | INVACARE CORP | $24.88 | 7 | -5.79% | $1.372 |
| WDFC | WD-40 Company | $30.41 | 7 | 1.93% | $1.681 |
| CHD | CHURCH DWIGHT CO | $60.22 | 7 | 22.17% | $3.29 |
| UHS | UNIVERSAL HLTH SV | $29.36 | 7 | 12.83% | $2.482 |
| TLAB | Tellabs, Inc. | $6.33 | 7 | -3.59% | $0.162 |
| RPM | RPM INTL INC | $18.60 | 7 | 10.46% | $1.074 |
| TECD | Tech Data Corpora | $41.84 | 7 | 0.28% | $3.434 |
| VMI | VALMONT INDS INC | $70.70 | 7 | 18.69% | $5.682 |
| LANC | Lancaster Colony | $54.29 | 7 | 2.66% | $3.80 |
| IDCC | InterDigital, Inc | $24.35 | 7 | 3.30% | $1.165 |
| AZO | AUTOZONE INC | $158.07 | 7 | 21.72% | $12.396 |
| MNRO | Monro Muffler Bra | $33.84 | 7 | 12.67% | $1.384 |
| RHB | REHABCARE GROUP I | $28.02 | 7 | -3.95% | $2.206 |
| HAE | HAEMONETICS CP | $53.19 | 7 | 13.79% | $2.53 |
| FCFS | First Cash Financ | $21.47 | 7 | -27.76% | $1.648 |
| SCL | STEPAN CO. | $56.90 | 7 | 11.53% | $5.211 |
| FIZZ | National Beverage | $11.48 | 7 | 6.75% | $0.619 |
| ICUI | ICU Medical, Inc. | $32.31 | 7 | 8.49% | $1.877 |
| SJW | S J W CP | $22.39 | 7 | 8.93% | $0.898 |
| SBUX | Starbucks Corpora | $21.70 | 7 | 17.69% | $0.755 |
| BIIB | Biogen Idec Inc | $54.94 | 7 | 31.30% | $2.988 |
| GLBL | Global Industries | $7.13 | 7 | -24.36% | $0.46 |
| AZN | ASTRAZENECA PLC A | $46.84 | 7 | -3.87% | $4.98 |
| FLIR | FLIR Systems, Inc | $30.11 | 7 | 23.93% | $1.477 |
| AAN | AARON’S, INC S | $27.73 | 7 | 12.83% | $1.997 |
| SHOO | Steven Madden, Lt | $40.71 | 7 | 7.61% | $2.405 |
| UFPI | Universal Forest | $34.78 | 7 | -20.83% | $1.246 |
| BVF | BIOVAIL CORP | $13.96 | 7 | 10.31% | $1.413 |
| TSCO | Tractor Supply Co | $52.97 | 7 | 21.21% | $2.781 |
| PLT | PLANTRONICS INC | $27.81 | 7 | -1.05% | $0.454 |
| EXP | EAGLE MATERIALS I | $23.32 | 7 | -7.30% | $0.814 |
| DISH | DISH Network Corp | $18.26 | 7 | 5.20% | $1.495 |
| DRI | DARDEN RESTAURANT | $37.59 | 7 | 12.89% | $2.738 |
| CBZ | CBIZ INC | $7.70 | 7 | -11.08% | $0.57 |
| HANS | Hansen Natural Co | $38.94 | 7 | 47.33% | $1.384 |
| ESI | I T T EDUCATION S | $95.43 | 7 | 33.58% | $7.914 |
| RCII | Rent-A-Center Inc | $21.88 | 7 | 7.34% | $2.405 |
| GEO | GEO GROUP INC (TH | $21.88 | 7 | 19.73% | $1.29 |
| NDN | 99C ONLY STORES | $13.40 | 7 | -9.14% | $0.553 |
| FFG | FBL FINANCIAL GRO | $18.02 | 7 | 8.76% | $0.649 |
| IRM | IRON MOUNTAIN (DE | $22.76 | 7 | 13.04% | $0.79 |
| SRCL | Stericycle, Inc. | $52.00 | 7 | 32.21% | $1.956 |
| WLT | WALTER ENERGY, I | $70.36 | 7 | 79.09% | $6.44 |
| STRA | Strayer Education | $206.78 | 7 | 19.00% | $6.997 |
| MYGN | Myriad Genetics, | $23.50 | 7 | 16.36% | $1.013 |
| WGOV | Woodward Governor | $26.33 | 7 | 7.92% | $1.296 |
| PRXL | PAREXEL Internati | $19.10 | 7 | 22.43% | $0.629 |
| EPIQ | EPIQ Systems, Inc | $11.95 | 7 | 13.58% | $0.388 |
| DGX | QUEST DIAGNOSTC | $60.38 | 7 | 23.75% | $3.774 |
| DOX | AMDOCS LTD ORD | $29.45 | 7 | 55.34% | $1.659 |
| JST | Jinpan Internatio | $38.81 | 7 | 29.43% | $3.647 |
| CECO | Career Education | $21.57 | 7 | 11.52% | $0.931 |
| YUM | YUM BRANDS INC | $35.82 | 7 | 13.94% | $2.204 |
| SRE | SEMPRA ENERGY | $50.75 | 7 | 10.04% | $4.67 |
| RSG | REPUBLIC SVCS INC | $26.75 | 7 | -9.74% | $0.949 |
| ECPG | Encore Capital Gr | $16.30 | 7 | -15.91% | $1.153 |
| MDRX | Allscripts-Misys | $16.63 | 7 | 0.00% | $0.368 |
| INFA | Informatica Corpo | $23.03 | 7 | 14.97% | $0.66 |
| ARLP | Alliance Resource | $42.10 | 7 | 22.03% | $3.588 |
| SNN | SMITH&NEPHEW PLC | $48.98 | 7 | 14.06% | $2.60 |
| PKG | PACKAGING CP AMER | $23.01 | 7 | -0.19% | $2.322 |
| CHSI | Catalyst Health S | $39.17 | 7 | 8.15% | $1.402 |
Entrada relacionada
Piotroski y su estrategia de inversion
