BHM (Bluerock Homes Trust) Piotroski F-Score: 6 (As of Jun. 25, 2026) — Near Median


BHM Bluerock Homes Trust Inc BHM
60 GF Score
Price $10.39
GF Value $23.06
Valuation Possible Value Trap
! 5 Warning Signs
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What is Bluerock Homes Trust Piotroski F-Score?

Bluerock Homes Trust BHM -9.53% 60 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates BHM with a GF Score™ of 60/100 and a GF Value™ of $23.06 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 888 REITs companies, Bluerock Homes Trust ranks better than 73.65% 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

Bluerock Homes Trust 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 Bluerock Homes Trust's Piotroski F-Score or its related term are showing as below:

BHM' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 6 years, the highest Piotroski F-Score of Bluerock Homes Trust was 7. The lowest was 4. And the median was 6.

Bluerock Homes Trust  (AMEX:BHM) Piotroski F-Score Explanation

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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Bluerock Homes Trust Piotroski F-Score Related Terms


Bluerock Homes Trust Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bluerock Homes Trust's Piotroski F-Score can be seen below:

* 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.

Bluerock Homes Trust Piotroski F-Score Chart

Bluerock Homes Trust Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 4.00 7.00 6.00

Bluerock Homes Trust Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 6.00 6.00 6.00

BHM vs CLPR, MRTI, FREVS: Piotroski F-Score Comparison

For the REIT - Residential subindustry, Bluerock Homes Trust'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.


Bluerock Homes Trust Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Bluerock Homes Trust's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bluerock Homes Trust's Piotroski F-Score falls into.


BHM
60GF Score
Bluerock Homes Trust Inc BHM
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 1.043 + 0.383 + 0.82 + 0.169 = $2.42 Mil.
Cash Flow from Operations was 13.862 + 13.441 + -0.491 + -8.453 = $18.36 Mil.
Revenue was 16.802 + 16.61 + 18.909 + 19.701 = $72.02 Mil.
Gross Profit was 4.683 + 3.933 + 6.194 + 6.361 = $21.17 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(964.371 + 991.179 + 1092.688 + 1154.405 + 1142.945) / 5 = $1069.1176 Mil.
Total Assets at the begining of this year (Mar25) was $964.37 Mil.
Long-Term Debt & Capital Lease Obligation was $416.81 Mil.
Total Current Assets was $220.33 Mil.
Total Current Liabilities was $31.59 Mil.
Net Income was -0.889 + 2.333 + -0.645 + 0.004 = $0.80 Mil.

Revenue was 12.523 + 12.706 + 13.809 + 16.413 = $55.45 Mil.
Gross Profit was 3.239 + 2.714 + 3.323 + 4.896 = $14.17 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(727.444 + 756.178 + 800.829 + 966.993 + 964.371) / 5 = $843.163 Mil.
Total Assets at the begining of last year (Mar24) was $727.44 Mil.
Long-Term Debt & Capital Lease Obligation was $251.46 Mil.
Total Current Assets was $197.65 Mil.
Total Current Liabilities was $112.95 Mil.

*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.

Bluerock Homes Trust's current Net Income (TTM) was 2.42. ==> 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.

Bluerock Homes Trust's current Cash Flow from Operations (TTM) was 18.36. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=2.415/964.371
=0.00250422

ROA (Last Year)=Net Income/Total Assets (Mar24)
=0.803/727.444
=0.00110387

Bluerock Homes Trust's return on assets of this year was 0.00250422. Bluerock Homes Trust's return on assets of last year was 0.00110387. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Bluerock Homes Trust's current Net Income (TTM) was 2.42. Bluerock Homes Trust's current Cash Flow from Operations (TTM) was 18.36. ==> 18.36 > 2.42 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=416.81/1069.1176
=0.38986357

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=251.457/843.163
=0.29823059

Bluerock Homes Trust's gearing of this year was 0.38986357. Bluerock Homes Trust's gearing of last year was 0.29823059. ==> Last year is lower than this year ==> Score 0.

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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=220.332/31.591
=6.97451806

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=197.65/112.947
=1.74993581

Bluerock Homes Trust's current ratio of this year was 6.97451806. Bluerock Homes Trust's current ratio of last year was 1.74993581. ==> This year's current ratio is higher. ==> Score 1.

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.

Bluerock Homes Trust's number of shares in issue this year was 3.898. Bluerock Homes Trust's number of shares in issue last year was 3.865. ==> There is larger number of shares in issue this year. ==> Score 0.

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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=21.171/72.022
=0.29395185

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=14.172/55.451
=0.255577

Bluerock Homes Trust's gross margin of this year was 0.29395185. Bluerock Homes Trust's gross margin of last year was 0.255577. ==> This year's gross margin is higher. ==> Score 1.

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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=72.022/964.371
=0.07468288

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=55.451/727.444
=0.07622717

Bluerock Homes Trust's asset turnover of this year was 0.07468288. Bluerock Homes Trust's asset turnover of last year was 0.07622717. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+0+1+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Bluerock Homes Trust has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Bluerock Homes Trust (BHM) 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 Bluerock Homes Trust and its competitors. This is near median its historical median of 6.00. Over the past decade, Bluerock Homes Trust's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Bluerock Homes Trust ranks #234 out of 888 companies in the REITs industry, placing it in the top 26.4%.
Is Bluerock Homes Trust's Piotroski F-Score too high?
Bluerock Homes Trust's 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 4.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Bluerock Homes Trust's value of 6 is 0% at this industry median. Based on the distribution chart, Bluerock Homes Trust ranks #234 out of 888 companies in the REITs industry, which is above the industry midpoint. Overall, Bluerock Homes Trust has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bluerock Homes Trust's Piotroski F-Score compare to CLPR and MRTI?
According to the REITs industry distribution chart, Bluerock Homes Trust ranks #234 out of 888 companies for Piotroski F-Score. This puts Bluerock Homes Trust in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Bluerock Homes Trust's value of 6 is 0% at this benchmark. Historically, Bluerock Homes Trust's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Bluerock Homes Trust has consistently been at 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 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. Bluerock Homes Trust's current Piotroski F-Score of 6 is 0% at 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 Bluerock Homes Trust and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bluerock Homes Trust'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 Bluerock Homes Trust stock overvalued right now?
Based on GuruFocus' analysis, Bluerock Homes Trust (BHM) is currently considered Possible Value Trap. The stock's GF Value™ is $23.06, compared to a current price of $10.39 — trading 54.9% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the REITs industry median of 6.00. Bluerock Homes Trust's overall GF Score™ is 60/100 with 5 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 Bluerock Homes Trust (BHM), 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.

Is Bluerock Homes Trust (BHM) Overvalued in 2026?

Based on GuruFocus' analysis, Bluerock Homes Trust stock appears to be undervalued. The current stock price of $10.39 is trading 54.9% below its estimated GF Value™ of $23.06. GuruFocus considers Bluerock Homes Trust to be Possible Value Trap.

Key valuation signals for BHM:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $23.06 vs. price of $10.39 (54.9% below fair value)
  • GF Score™: 60/100 with 5 warning signs
  • Industry Position: 0% at the REITs median (#234 of 888)

No single metric tells the full story. See the BHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bluerock Homes Trust Business Description

Industry Real EstateREITs
Address 919 Third Avenue, 40th Floor, New York, NY, USA, 10022
Bluerock Homes Trust Inc owns and operates a portfolio of institutional residential properties including single-family homes, build-to-rent communities, and other residential communities located in attractive markets with a focus on the knowledge-economy and high-quality of life growth markets of the Sunbelt and Western United States. The company's principal objective is to generate attractive risk-adjusted returns on investments where it believes it can drive growth in funds from operations and net asset value by acquiring residential units, developing residential communities, and through value-add renovations. The company has two reportable segments, consisting of Residential Communities, which derives maximum revenue; and Scattered Single-family homes.
60GF Score

Get the complete analysis for BHM

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.39
Price
$23.06
GF Value