Sonos (FRA:8SO) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 60% Above Median


FRA:8SO Sonos Inc FRA:8SO
61 GF Score
Price €12.26
GF Value €13.01
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Sonos Piotroski F-Score?

Sonos FRA:8SO -0.57% 61 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates FRA:8SO with a GF Score™ of 61/100 and a GF Value™ of €13.01 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,426 Hardware companies, Sonos ranks better than 98.64% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Sonos has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

FRA:8SO' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 11 years, the highest Piotroski F-Score of Sonos was 8. The lowest was 2. And the median was 5.

Sonos  (FRA:8SO) 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.


Sonos Piotroski F-Score Related Terms


Sonos Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sonos'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.

Sonos Piotroski F-Score Chart

Sonos Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 3.00 4.00 5.00 4.00

Sonos Quarterly Data
Jun21 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 4.00 3.00 4.00 7.00 8.00

FRA:8SO vs VUZI, TBCH, GPRO: Piotroski F-Score Comparison

For the Consumer Electronics subindustry, Sonos'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.


Sonos Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Sonos's Piotroski F-Score distribution charts can be found below:

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


FRA:8SO
61GF Score
Sonos Inc FRA:8SO
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 -2.93 + -32.255 + 80.103 + -24.986 = €20 Mil.
Cash Flow from Operations was 32.461 + 2.489 + 139.464 + -56.549 = €118 Mil.
Revenue was 298.91 + 245.291 + 465.995 + 243.52 = €1,254 Mil.
Gross Profit was 129.811 + 107.174 + 216.455 + 107.821 = €561 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(732.765 + 723.427 + 701.433 + 809.485 + 726.152) / 5 = €738.6524 Mil.
Total Assets at the begining of this year (Mar25) was €733 Mil.
Long-Term Debt & Capital Lease Obligation was €45 Mil.
Total Current Assets was €467 Mil.
Total Current Liabilities was €295 Mil.
Net Income was 3.446 + -47.837 + 47.976 + -64.883 = €-61 Mil.

Revenue was 368.949 + 230.097 + 526.068 + 240.274 = €1,365 Mil.
Gross Profit was 178.034 + 92.818 + 230.543 + 105.088 = €606 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(851.566 + 892.867 + 825.597 + 920.243 + 732.765) / 5 = €844.6076 Mil.
Total Assets at the begining of last year (Mar24) was €852 Mil.
Long-Term Debt & Capital Lease Obligation was €52 Mil.
Total Current Assets was €419 Mil.
Total Current Liabilities was €268 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.

Sonos's current Net Income (TTM) was 20. ==> 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.

Sonos's current Cash Flow from Operations (TTM) was 118. ==> 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)
=19.932/732.765
=0.02720108

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-61.298/851.566
=-0.07198268

Sonos's return on assets of this year was 0.02720108. Sonos's return on assets of last year was -0.07198268. ==> 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.

Sonos's current Net Income (TTM) was 20. Sonos's current Cash Flow from Operations (TTM) was 118. ==> 118 > 20 ==> 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
=44.81/738.6524
=0.06066453

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=52.209/844.6076
=0.0618145

Sonos's gearing of this year was 0.06066453. Sonos's gearing of last year was 0.0618145. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=467.206/295.058
=1.58343783

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=419.047/267.871
=1.5643612

Sonos's current ratio of this year was 1.58343783. Sonos's current ratio of last year was 1.5643612. ==> 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.

Sonos's number of shares in issue this year was 120.21. Sonos's number of shares in issue last year was 119.919. ==> 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
=561.261/1253.716
=0.44767794

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=606.483/1365.388
=0.44418363

Sonos's gross margin of this year was 0.44767794. Sonos's gross margin of last year was 0.44418363. ==> 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)
=1253.716/732.765
=1.7109387

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1365.388/851.566
=1.60338482

Sonos's asset turnover of this year was 1.7109387. Sonos's asset turnover of last year was 1.60338482. ==> This year's asset turnover is higher. ==> Score 1.

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+1+1+0+1+1
=8

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

Sonos has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Sonos (FRA:8SO) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sonos and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Sonos' Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Sonos ranks #33 out of 2426 companies in the Hardware industry, placing it in the top 1.4%.
Is Sonos' Piotroski F-Score too high?
Sonos' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Sonos' value of 8 is 60% above this industry median. Based on the distribution chart, Sonos ranks #33 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Sonos has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sonos' Piotroski F-Score compare to VUZI and TBCH?
According to the Hardware industry distribution chart, Sonos ranks #33 out of 2426 companies for Piotroski F-Score. This places Sonos in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Sonos' value of 8 is 60% above this benchmark. Historically, Sonos' own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Sonos 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. Sonos's current Piotroski F-Score of 8 is 60% 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 Sonos and its competitors. For the Hardware 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. Sonos's current Piotroski F-Score is 8, which is 60% above 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 Sonos stock overvalued right now?
Based on GuruFocus' analysis, Sonos (FRA:8SO) is currently considered Fairly Valued. The stock's GF Value™ is €13.01, compared to a current price of €12.26 — trading 5.8% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Hardware industry median of 5.00. Sonos' overall GF Score™ is 61/100 with 2 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 Sonos (FRA:8SO), the current Piotroski F-Score is 8 as of Jun. 26, 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 Sonos (FRA:8SO) Overvalued in 2026?

Based on GuruFocus' analysis, Sonos stock appears to be undervalued. The current stock price of €12.26 is trading 5.8% below its estimated GF Value™ of €13.01. GuruFocus considers Sonos to be Fairly Valued.

Key valuation signals for FRA:8SO:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: €13.01 vs. price of €12.26 (5.8% below fair value)
  • GF Score™: 61/100 with 2 warning signs
  • Industry Position: 60% above the Hardware median (#33 of 2426)

No single metric tells the full story. See the FRA:8SO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sonos Business Description

Other Exchanges SONO:USA0ZFN:UK8SO:Germany
Address 301 Coromar Drive, Santa Barbara, CA, USA, 93117
Sonos Inc is an audio company dedicated to elevating life through sound, offering a connected platform that brings together music, movies, stories, and conversations. Its portfolio includes home theater speakers, components, plug-in and portable speakers and headphones, known for exceptional sound, thoughtful design, ease of use and seamless access to audio content. Its partner products and other revenue categories include accessories for home integration, such as custom-designed stands, mounts, and shelving units, along with partnerships for architectural speakers and automotive sound systems, as well as licensing, advertising revenue, and subscription-based services. The company operates in the United States and other countries, with the majority of revenue coming from the United States.
61GF Score

Get the complete analysis for FRA:8SO

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

€12.26
Price
€13.01
GF Value