Sunbelt Rentals HoldingsASHGY +1.17%49 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates ASHGY with a GF Score™ of 49/100. The stock has 4 warning signs investors should review. Among 1,063 Business Services companies, Sunbelt Rentals Holdings ranks better than 72.25% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sunbelt Rentals Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Sunbelt Rentals Holdings's Piotroski F-Score or its related term are showing as below:
ASHGY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Sunbelt Rentals Holdings was 7. The lowest was 5. And the median was 6.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Sunbelt Rentals Holdings Piotroski F-Score Related Terms
Sunbelt Rentals Holdings Piotroski F-Score Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASHGY vs AER, UHAL, R: Piotroski F-Score Comparison
For the Rental & Leasing Services subindustry, Sunbelt Rentals Holdings's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sunbelt Rentals Holdings Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Sunbelt Rentals Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Sunbelt Rentals Holdings's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Sunbelt Rentals Holdings's current Net Income (TTM) was 1,317.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Sunbelt Rentals Holdings's current Cash Flow from Operations (TTM) was 3,784.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Sunbelt Rentals Holdings's return on assets of this year was 0.06069603. Sunbelt Rentals Holdings's return on assets of last year was 0.06932609.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Sunbelt Rentals Holdings's gearing of this year was 0.43623363. Sunbelt Rentals Holdings's gearing of last year was 0.45804664.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Sunbelt Rentals Holdings's current ratio of this year was 0.90145396. Sunbelt Rentals Holdings's current ratio of last year was 1.29367364.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Sunbelt Rentals Holdings's number of shares in issue this year was 0. Sunbelt Rentals Holdings's number of shares in issue last year was 433.897.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Sunbelt Rentals Holdings's gross margin of this year was 0.61093579. Sunbelt Rentals Holdings's gross margin of last year was 1.06800912.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Sunbelt Rentals Holdings's asset turnover of this year was 0.51421511. Sunbelt Rentals Holdings's asset turnover of last year was 0.49840887.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Sunbelt Rentals Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Sunbelt Rentals Holdings (ASHGY) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sunbelt Rentals Holdings and its competitors. This is near median its historical median of 6.00. Over the past decade, Sunbelt Rentals Holdings' Piotroski F-Score has ranged from 5.00 to 7.00. According to the industry distribution chart, Sunbelt Rentals Holdings ranks #295 out of 1063 companies in the Business Services industry, placing it in the top 27.8%.
Is Sunbelt Rentals Holdings' Piotroski F-Score too high?
Sunbelt Rentals Holdings' current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 7.00. The Business Services industry median Piotroski F-Score is 5.00. Sunbelt Rentals Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, Sunbelt Rentals Holdings ranks #295 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, Sunbelt Rentals Holdings has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Sunbelt Rentals Holdings' Piotroski F-Score compare to AER and UHAL?
According to the Business Services industry distribution chart, Sunbelt Rentals Holdings ranks #295 out of 1063 companies for Piotroski F-Score. This puts Sunbelt Rentals Holdings in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sunbelt Rentals Holdings' value of 6 is 20% above this benchmark. Historically, Sunbelt Rentals Holdings' own Piotroski F-Score has ranged from 5.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Sunbelt Rentals Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sunbelt Rentals Holdings's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sunbelt Rentals Holdings and its competitors. For the Business Services industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunbelt Rentals Holdings's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunbelt Rentals Holdings stock overvalued right now?
Sunbelt Rentals Holdings (ASHGY) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Business Services industry median of 5.00. Sunbelt Rentals Holdings' overall GF Score™ is 49/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Sunbelt Rentals Holdings (ASHGY), the current Piotroski F-Score is 6 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.
49GF Score
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