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Invitation HomesBSP:I2NV34 -0.23%57 Piotroski F-Score is 7 as of Aug. 10, 2026, which is at its 10-year median of 7.00. GuruFocus rates BSP:I2NV34 with a GF Score™ of 57/100 and a GF Value™ of R$38.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 883 REITs companies, Invitation Homes ranks better than 92.64% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Invitation Homes 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 Invitation Homes's Piotroski F-Score or its related term are showing as below:
BSP:I2NV34'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 7
During the past 12 years, the highest Piotroski F-Score of Invitation Homes was 8. The lowest was 5. And the median was 7.
Invitation Homes (BSP:I2NV34) 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.
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.
Invitation Homes Piotroski F-Score Related Terms
Invitation Homes Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Invitation Homes'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.
BSP:I2NV34 vs ESS, MAA, SUI: Piotroski F-Score Comparison
For the REIT - Residential subindustry, Invitation Homes'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.
Invitation Homes Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, Invitation Homes's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Invitation Homes'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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 733.326 + 788.643 + 839.393 + 1121.394 = R$3,483 Mil. Cash Flow from Operations was 2116.251 + 701.876 + 1532.519 + 1965.687 = R$6,316 Mil. Revenue was 3690.634 + 3738.518 + 3839.112 + 3830.521 = R$15,099 Mil. Gross Profit was 2102.596 + 2187.419 + 2115.473 + 2110.601 = R$8,516 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(103495.747 + 100732.028 + 101914.058 + 97799.487 + 94530.985) / 5 = R$99694.461 Mil. Total Assets at the begining of this year (Jun25) was R$103,496 Mil. Long-Term Debt & Capital Lease Obligation was R$42,257 Mil. Total Current Assets was R$3,109 Mil. Total Current Liabilities was R$3,101 Mil.
Net Income was 527.581 + 873.114 + 954.376 + 781.331 = R$3,136 Mil.
Revenue was 3656.731 + 4021.352 + 3883.718 + 3778.914 = R$15,341 Mil. Gross Profit was 2124.92 + 2388.102 + 2304.916 + 2225.474 = R$9,043 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(103625.564 + 108722.786 + 114094.502 + 106974.512 + 103495.747) / 5 = R$107382.6222 Mil. Total Assets at the begining of last year (Jun24) was R$103,626 Mil. Long-Term Debt & Capital Lease Obligation was R$42,339 Mil. Total Current Assets was R$2,889 Mil. Total Current Liabilities was R$4,705 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.
Invitation Homes's current Net Income (TTM) was 3,483.
==> 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.
Invitation Homes's return on assets of this year was 0.0336512. Invitation Homes's return on assets of last year was 0.03026668.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Invitation Homes's gearing of this year was 0.42386376. Invitation Homes's gearing of last year was 0.39428575.
==> 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
Invitation Homes's current ratio of this year was 1.0027036. Invitation Homes's current ratio of last year was 0.61400117.
==> 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.
Invitation Homes's number of shares in issue this year was 592.498. Invitation Homes's number of shares in issue last year was 613.262.
==> 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.
Invitation Homes's gross margin of this year was 0.56402479. Invitation Homes's gross margin of last year was 0.58950394.
==> 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
Invitation Homes's asset turnover of this year was 0.14588798. Invitation Homes's asset turnover of last year was 0.14803987.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Invitation Homes has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Invitation Homes (BSP:I2NV34) has a Piotroski F-Score of 7 as of Aug. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Invitation Homes and its competitors. This is near median its historical median of 7.00. Over the past decade, Invitation Homes' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Invitation Homes ranks #65 out of 883 companies in the REITs industry, placing it in the top 7.4%.
Is Invitation Homes' Piotroski F-Score too high?
Invitation Homes' current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. Invitation Homes' value of 7 is 16.7% above this industry median. Based on the distribution chart, Invitation Homes ranks #65 out of 883 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Invitation Homes has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invitation Homes' Piotroski F-Score compare to ESS and MAA?
According to the REITs industry distribution chart, Invitation Homes ranks #65 out of 883 companies for Piotroski F-Score. This places Invitation Homes in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Invitation Homes' value of 7 is 16.7% above this benchmark. Historically, Invitation Homes' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Invitation Homes 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 883 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. Invitation Homes's current Piotroski F-Score of 7 is 16.7% 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 Invitation Homes 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. Invitation Homes's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invitation Homes stock overvalued right now?
Based on GuruFocus' analysis, Invitation Homes (BSP:I2NV34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$38.56, compared to a current price of R$30.78 — trading 20.2% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the REITs industry median of 6.00. Invitation Homes' overall GF Score™ is 57/100 with 6 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 Invitation Homes (BSP:I2NV34), the current Piotroski F-Score is 7 as of Aug. 10, 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 Invitation Homes (BSP:I2NV34) Overvalued in 2026?
Based on GuruFocus' analysis, Invitation Homes stock appears to be undervalued.
The current stock price of R$30.78 is trading 20.2% below its estimated GF Value™ of R$38.56.
GuruFocus considers Invitation Homes to be Modestly Undervalued.
Key valuation signals for BSP:I2NV34:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: R$38.56 vs. price of R$30.78 (20.2% below fair value)
Industry Position: 16.7% above the REITs median (#65 of 883)
No single metric tells the full story. See the BSP:I2NV34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Invitation Homes owns a portfolio of over 86,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price of around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth, with over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets feature average rents lower than homeownership costs.
57GF Score
Get the complete analysis for BSP:I2NV34
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