CUZ (Cousins Properties) Piotroski F-Score: 4 (As of Aug. 09, 2026) — 20% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CUZ Cousins Properties Inc CUZ
76 GF Score
Price $29.62
GF Value $28.77
Valuation Fairly Valued
! 13 Warning Signs
View Full Analysis

What is Cousins Properties Piotroski F-Score?

Cousins Properties CUZ -0.70% 76 Piotroski F-Score is 4 as of Aug. 09, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates CUZ with a GF Score™ of 76/100 and a GF Value™ of $28.77 (Fairly Valued). The stock has 13 warning signs investors should review. Among 883 REITs companies, Cousins Properties ranks worse than 76.78% 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

Cousins Properties has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Cousins Properties's Piotroski F-Score or its related term are showing as below:

CUZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Cousins Properties was 7. The lowest was 3. And the median was 5.

Cousins Properties  (NYSE:CUZ) 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.


Cousins Properties Piotroski F-Score Related Terms


Cousins Properties Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Cousins Properties'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.

Cousins Properties Piotroski F-Score Chart

Cousins Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 5.00 5.00 7.00

Cousins Properties Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.00 7.00 5.00 4.00

CUZ vs KRC, CDP, SLG: Piotroski F-Score Comparison

For the REIT - Office subindustry, Cousins Properties'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.


Cousins Properties Piotroski F-Score vs REITs Industry

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

* The bar in red indicates where Cousins Properties's Piotroski F-Score falls into.


CUZ
76GF Score
Cousins Properties Inc CUZ
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was 8.59 + -3.467 + -24.856 + 26.158 = $6 Mil.
Cash Flow from Operations was 120.491 + 114.472 + 40.46 + 156.525 = $432 Mil.
Revenue was 248.326 + 255.034 + 263.109 + 268.528 = $1,035 Mil.
Gross Profit was 168.303 + 171.894 + 180.524 + 183.862 = $705 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(9051.863 + 8900.481 + 8890.132 + 9087.843 + 9040.873) / 5 = $8994.2384 Mil.
Total Assets at the begining of this year (Jun25) was $9,052 Mil.
Long-Term Debt & Capital Lease Obligation was $3,782 Mil.
Total Current Assets was $522 Mil.
Total Current Liabilities was $625 Mil.
Net Income was 11.198 + 13.636 + 20.897 + 14.483 = $60 Mil.

Revenue was 209.212 + 225.327 + 250.328 + 240.128 = $925 Mil.
Gross Profit was 143.207 + 152.38 + 173.172 + 165.949 = $635 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(7700.528 + 7770.531 + 8802.146 + 8663.36 + 9051.863) / 5 = $8397.6856 Mil.
Total Assets at the begining of last year (Jun24) was $7,701 Mil.
Long-Term Debt & Capital Lease Obligation was $3,527 Mil.
Total Current Assets was $683 Mil.
Total Current Liabilities was $602 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.

Cousins Properties's current Net Income (TTM) was 6. ==> 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.

Cousins Properties's current Cash Flow from Operations (TTM) was 432. ==> 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 (Jun25)
=6.425/9051.863
=0.0007098

ROA (Last Year)=Net Income/Total Assets (Jun24)
=60.214/7700.528
=0.00781946

Cousins Properties's return on assets of this year was 0.0007098. Cousins Properties's return on assets of last year was 0.00781946. ==> Last year is higher ==> Score 0.

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.

Cousins Properties's current Net Income (TTM) was 6. Cousins Properties's current Cash Flow from Operations (TTM) was 432. ==> 432 > 6 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=3782.269/8994.2384
=0.42052132

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=3526.87/8397.6856
=0.41998119

Cousins Properties's gearing of this year was 0.42052132. Cousins Properties's gearing of last year was 0.41998119. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=522.244/625.037
=0.83554094

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=682.759/602.099
=1.13396468

Cousins Properties's current ratio of this year was 0.83554094. Cousins Properties's current ratio of last year was 1.13396468. ==> 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.

Cousins Properties's number of shares in issue this year was 165.292. Cousins Properties's number of shares in issue last year was 168.765. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=704.583/1034.997
=0.68075849

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=634.708/924.995
=0.68617452

Cousins Properties's gross margin of this year was 0.68075849. Cousins Properties's gross margin of last year was 0.68617452. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=1034.997/9051.863
=0.11434077

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=924.995/7700.528
=0.12012098

Cousins Properties's asset turnover of this year was 0.11434077. Cousins Properties's asset turnover of last year was 0.12012098. ==> 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+0+1+0+0+1+0+0
=4

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

Cousins Properties has an F-score of 4 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 4 mean?
Cousins Properties (CUZ) has a Piotroski F-Score of 4 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Cousins Properties and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Cousins Properties' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Cousins Properties ranks #678 out of 883 companies in the REITs industry, placing it in the top 76.8%.
Is Cousins Properties' Piotroski F-Score too high?
Cousins Properties' current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Cousins Properties' value of 4 is 33.3% below this industry median. Based on the distribution chart, Cousins Properties ranks #678 out of 883 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Cousins Properties has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cousins Properties' Piotroski F-Score compare to KRC and CDP?
According to the REITs industry distribution chart, Cousins Properties ranks #678 out of 883 companies for Piotroski F-Score. This places Cousins Properties in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Cousins Properties' value of 4 is 33.3% below this benchmark. Historically, Cousins Properties' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Cousins Properties has consistently been below 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. Cousins Properties's current Piotroski F-Score of 4 is 33.3% below 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 Cousins Properties 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. Cousins Properties's current Piotroski F-Score is 4, which is 20% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cousins Properties stock overvalued right now?
Based on GuruFocus' analysis, Cousins Properties (CUZ) is currently considered Fairly Valued. The stock's GF Value™ is $28.77, compared to a current price of $29.62 — trading 3% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% below the REITs industry median of 6.00. Cousins Properties' overall GF Score™ is 76/100 with 13 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 Cousins Properties (CUZ), the current Piotroski F-Score is 4 as of Aug. 09, 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 Cousins Properties (CUZ) Overvalued in 2026?

Based on GuruFocus' analysis, Cousins Properties stock appears to be overvalued. The current stock price of $29.62 is trading 3% above its estimated GF Value™ of $28.77. GuruFocus considers Cousins Properties to be Fairly Valued.

Key valuation signals for CUZ:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: $28.77 vs. price of $29.62 (3% above fair value)
  • GF Score™: 76/100 with 13 warning signs
  • Industry Position: 33.3% below the REITs median (#678 of 883)

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


Cousins Properties Business Description

Industry Real EstateREITs
Other Exchanges CPZ1:Germany
Address 3344 Peachtree Road NE, Suite 1800, Atlanta, GA, USA, 30326-4802
Cousins Properties Inc is a real estate investment trust principally involved in the ownership, management, and development of properties in the Southern United States. Cousins Properties' real estate portfolio mainly comprises offices and mixed-use developments that encompass both apartment and retail space. Offices make up the vast majority of the portfolio in terms of total square footage. The segments operates in following geographical areas: Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and other markets. The company derives nearly all of its revenue in the form of rental income from its properties, the majority of which comes from its office locations. A diverse set of tenants in the cities of Houston and Atlanta represent the company's key markets.
76GF Score

Get the complete analysis for CUZ

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

$29.62
Price
$28.77
GF Value