Risk & Quality Models

Fundamental Analysis Scoring Models

Automate your due diligence with our advanced stock rating tools. Assess bankruptcy risk, detect earnings manipulation, and identify strengthening businesses in seconds.

Risk & Quality Ratings

Answer the three most critical questions in investing with our automated scoring models.

Altman Z-Score

"Will it go broke?"

A formula for predicting bankruptcy. This model uses five financial ratios to estimate the probability of financial distress within two years.

Beneish M-Score

"Are they lying?"

A mathematical model that uses eight financial ratios to identify whether a company has manipulated its earnings.

Piotroski F-Score

"Is the business getting better?"

A discrete 0-9 scoring system that evaluates the financial strength of a firm based on profitability, leverage, liquidity, and operating efficiency.

Model Comparison

A side-by-side look at how each model protects your portfolio.

Feature Altman Z-Score Beneish M-Score Piotroski F-Score
Core Question Will it go broke? Are they manipulating earnings? Is the business improving?
Primary Focus Credit Risk & Bankruptcy Accounting Quality & Fraud Financial Trend Strength
Input Metrics
  • Working Capital
  • Retained Earnings
  • EBIT
  • Market Value of Equity
  • Sales
  • Days Sales in Receivables
  • Gross Margin
  • Asset Quality
  • Sales Growth
  • Depreciation
  • ROA & CFO
  • Change in ROA
  • Accruals
  • Leverage & Liquidity
  • Operating Efficiency
Score Range Distress < 1.8 Safe > 3.0 Manipulator > -1.78 Safe < -2.22 Weak 0-2 Strong 7-9
Best Application Manufacturing & Industrial firms Companies with suspicious growth Value stocks & Turnarounds

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