Financial Health Analysis

Free Financial Scores Calculator

Analyze company financial strength with Altman Z-Score, Piotroski Score, and key financial metrics. Assess bankruptcy risk and fundamental health for any publicly traded stock.

Altman Z-Score
Piotroski Score
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What Are Financial Scores?

Financial scores are quantitative metrics that assess a company's financial health, stability, and investment quality. These scores combine multiple financial ratios and indicators into single values that help investors quickly evaluate bankruptcy risk, fundamental strength, and overall financial performance. Our free financial scores calculator provides Altman Z-Score and Piotroski Score calculations for any publicly traded company.

How to Use This Financial Scores Tool

  1. 1

    Enter a Ticker Symbol

    Type any stock ticker symbol (e.g., "AAPL", "TSLA", "MSFT") into the Symbol field and click Search or press Enter.

  2. 2

    Review Financial Scores

    Analyze the Altman Z-Score for bankruptcy risk assessment and the Piotroski Score for fundamental strength evaluation.

  3. 3

    Examine Key Metrics

    Review supporting financial data including working capital, total assets, retained earnings, EBIT, market cap, and revenue.

  4. 4

    Export for Analysis

    Click Export CSV to download the financial scores data for further analysis in Excel, Google Sheets, or your preferred tool.

Key Financial Scores Explained

Altman Z-Score

A bankruptcy prediction model that combines five financial ratios. Scores above 3.0 indicate low bankruptcy risk, 1.8-3.0 suggest moderate risk, and below 1.8 signal high risk of bankruptcy.

Piotroski Score

A 9-point scale that measures a company's financial strength across profitability, liquidity, and operating efficiency. Scores of 8-9 indicate strong fundamentals, while 0-2 suggests weak financial health.

Working Capital

Current assets minus current liabilities. Positive working capital indicates a company can meet short-term obligations, while negative values may signal liquidity problems.

Total Assets

The total value of everything a company owns. Used in calculating financial ratios and assessing company size and scale relative to industry peers.

Retained Earnings

Cumulative net income retained in the business after dividends. Negative retained earnings indicate a company has paid out more in dividends than it has earned over its lifetime.

EBIT

Earnings Before Interest and Taxes. Measures operating profitability before the impact of financing decisions and tax considerations. Key component in Altman Z-Score calculation.

How to Interpret Financial Scores

Altman Z-Score Interpretation

Above 3.0: Safe zone - Low probability of bankruptcy

1.8 to 3.0: Grey zone - Moderate risk, monitor closely

Below 1.8: Distress zone - High risk of bankruptcy

Piotroski Score Interpretation

8-9 points: Strong fundamentals - Value stock candidate

5-7 points: Average financial health

0-4 points: Weak fundamentals - Potential red flags

Frequently Asked Questions

What is the Altman Z-Score?

The Altman Z-Score is a financial formula developed by Professor Edward Altman to predict the likelihood of a company going bankrupt. It combines five financial ratios (working capital/total assets, retained earnings/total assets, EBIT/total assets, market value equity/book value liabilities, and sales/total assets) into a single score. Scores above 3.0 indicate low bankruptcy risk, while scores below 1.8 suggest high risk.

What is the Piotroski Score?

The Piotroski Score is a 9-point scale developed by Joseph Piotroski to measure the financial strength of a company. It evaluates nine criteria across profitability, liquidity, and operating efficiency. Each criterion is worth 1 point, and companies with scores of 8-9 are considered financially strong, making them potentially good value investments.

How accurate are these financial scores?

Both scores have demonstrated strong predictive power historically. The Altman Z-Score has been 72-80% accurate in predicting bankruptcies within 2 years, while the Piotroski Score has been shown to identify stocks that outperform the market by an average of 13.4% annually. However, no financial metric is perfect, and these scores should be used as part of a comprehensive investment analysis rather than as standalone decision tools.

What does a negative working capital mean?

Negative working capital occurs when a company's current liabilities exceed its current assets. This can indicate liquidity problems, but for some business models (like retailers with fast inventory turnover or companies that collect cash before paying suppliers), it may be normal. Context is important - compare to industry peers and historical trends.

Is this financial scores tool free?

Yes, the Pineify Financial Scores calculator is completely free to use. You can access Altman Z-Score, Piotroski Score, and all supporting financial metrics for any publicly traded company without registration or subscription, and export the data to CSV for free.

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