JUSHF (Jushi Holdings) Piotroski F-Score: 4 (As of Jun. 29, 2026) — Near Median


JUSHF Jushi Holdings Inc JUSHF
47 GF Score
Price $0.48
GF Value $0.51
Valuation Fairly Valued
! 5 Warning Signs
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What is Jushi Holdings Piotroski F-Score?

Jushi Holdings JUSHF -1.13% 47 Piotroski F-Score is 4 as of Jun. 29, 2026, which is at its 10-year median of 4.00. GuruFocus rates JUSHF with a GF Score™ of 47/100 and a GF Value™ of $0.51 (Fairly Valued). The stock has 5 warning signs investors should review. Among 978 Drug Manufacturers companies, Jushi Holdings ranks worse than 60.74% 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

Jushi Holdings 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 Jushi Holdings's Piotroski F-Score or its related term are showing as below:

JUSHF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 4

During the past 13 years, the highest Piotroski F-Score of Jushi Holdings was 6. The lowest was 2. And the median was 4.

Jushi Holdings  (OTCPK:JUSHF) 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.


Jushi Holdings Piotroski F-Score Related Terms


Jushi Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Jushi Holdings'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.

Jushi Holdings Piotroski F-Score Chart

Jushi Holdings Annual Data
Trend Feb16 Feb17 Feb18 Feb19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 2.00 6.00 6.00 4.00

Jushi Holdings 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 5.00 3.00 4.00 4.00 4.00

JUSHF vs ZTS, UTHR: Piotroski F-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Jushi 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.


Jushi Holdings Piotroski F-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Jushi Holdings's Piotroski F-Score distribution charts can be found below:

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


JUSHF
47GF Score
Jushi Holdings Inc JUSHF
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 -12.331 + -23.689 + -15.556 + -19.847 = $-71.4 Mil.
Cash Flow from Operations was -1.935 + 6.08 + 6.051 + 8.612 = $18.8 Mil.
Revenue was 65.046 + 65.679 + 68.338 + 66.432 = $265.5 Mil.
Gross Profit was 28.924 + 30.664 + 28.614 + 29.877 = $118.1 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(433.617 + 432.369 + 431.697 + 422.342 + 435.135) / 5 = $431.032 Mil.
Total Assets at the begining of this year (Mar25) was $433.6 Mil.
Long-Term Debt & Capital Lease Obligation was $271.7 Mil.
Total Current Assets was $84.7 Mil.
Total Current Liabilities was $75.1 Mil.
Net Income was -1.938 + -16.016 + -12.468 + -17.015 = $-47.4 Mil.

Revenue was 64.595 + 61.611 + 65.86 + 63.846 = $255.9 Mil.
Gross Profit was 32.566 + 27.999 + 25.408 + 25.775 = $111.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(457.848 + 455.234 + 442.326 + 440.32 + 433.617) / 5 = $445.869 Mil.
Total Assets at the begining of last year (Mar24) was $457.8 Mil.
Long-Term Debt & Capital Lease Obligation was $245.6 Mil.
Total Current Assets was $68.7 Mil.
Total Current Liabilities was $60.6 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.

Jushi Holdings's current Net Income (TTM) was -71.4. ==> Negative ==> Score 0.

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.

Jushi Holdings's current Cash Flow from Operations (TTM) was 18.8. ==> 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)
=-71.423/433.617
=-0.16471448

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-47.437/457.848
=-0.10360862

Jushi Holdings's return on assets of this year was -0.16471448. Jushi Holdings's return on assets of last year was -0.10360862. ==> 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.

Jushi Holdings's current Net Income (TTM) was -71.4. Jushi Holdings's current Cash Flow from Operations (TTM) was 18.8. ==> 18.8 > -71.4 ==> 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
=271.669/431.032
=0.63027571

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=245.564/445.869
=0.5507537

Jushi Holdings's gearing of this year was 0.63027571. Jushi Holdings's gearing of last year was 0.5507537. ==> 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
=84.677/75.085
=1.12774855

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=68.651/60.58
=1.13322879

Jushi Holdings's current ratio of this year was 1.12774855. Jushi Holdings's current ratio of last year was 1.13322879. ==> 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.

Jushi Holdings's number of shares in issue this year was 198.163. Jushi Holdings's number of shares in issue last year was 195.197. ==> 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
=118.079/265.495
=0.44475037

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=111.748/255.912
=0.43666573

Jushi Holdings's gross margin of this year was 0.44475037. Jushi Holdings's gross margin of last year was 0.43666573. ==> 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)
=265.495/433.617
=0.61227996

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=255.912/457.848
=0.55894533

Jushi Holdings's asset turnover of this year was 0.61227996. Jushi Holdings's asset turnover of last year was 0.55894533. ==> 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
=0+1+0+1+0+0+0+1+1
=4

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

Jushi Holdings 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?
Jushi Holdings (JUSHF) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Jushi Holdings and its competitors. This is near median its historical median of 4.00. Over the past decade, Jushi Holdings' Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Jushi Holdings ranks #594 out of 978 companies in the Drug Manufacturers industry, placing it in the top 60.7%.
Is Jushi Holdings' Piotroski F-Score too high?
Jushi Holdings' current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Drug Manufacturers industry median Piotroski F-Score is 5.00. Jushi Holdings' value of 4 is 20% below this industry median. Based on the distribution chart, Jushi Holdings ranks #594 out of 978 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Jushi Holdings has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jushi Holdings' Piotroski F-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Jushi Holdings ranks #594 out of 978 companies for Piotroski F-Score. This places Jushi Holdings in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Jushi Holdings' value of 4 is 20% below this benchmark. Historically, Jushi Holdings' own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Jushi Holdings 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 Drug Manufacturers company?
The median Piotroski F-Score among Drug Manufacturers companies is 5.00, based on 978 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. Jushi Holdings's current Piotroski F-Score of 4 is 20% 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 Jushi Holdings and its competitors. For the Drug Manufacturers 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. Jushi Holdings's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jushi Holdings stock overvalued right now?
Based on GuruFocus' analysis, Jushi Holdings (JUSHF) is currently considered Fairly Valued. The stock's GF Value™ is $0.51, compared to a current price of $0.48 — trading 6% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Drug Manufacturers industry median of 5.00. Jushi Holdings' overall GF Score™ is 47/100 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 Jushi Holdings (JUSHF), the current Piotroski F-Score is 4 as of Jun. 29, 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 Jushi Holdings (JUSHF) Overvalued in 2026?

Based on GuruFocus' analysis, Jushi Holdings stock appears to be undervalued. The current stock price of $0.48 is trading 6% below its estimated GF Value™ of $0.51. GuruFocus considers Jushi Holdings to be Fairly Valued.

Key valuation signals for JUSHF:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: $0.51 vs. price of $0.48 (6% below fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 20% below the Drug Manufacturers median (#594 of 978)

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


Jushi Holdings Business Description

Other Exchanges JUSH:Canada
Address 301 Yamato Road, Suite 3250, Boca Raton, FL, USA, 33431
Jushi Holdings Inc is a vertically integrated multi-state cannabis and hemp operator engaged in retail, distribution, cultivation, and processing in both medical and adult-use markets. The company operates a diverse portfolio of branded cannabis and hemp-derived assets built upon opportunistic acquisitions, distressed deals, and competitive applications. Its products are offered through brands like Hijinks, The Bank, The Lab, Seche, and Tasteology, among others. The company distributes its products through various retail dispensaries, including Nature's Remedy, Beyond Hello, and NuLeaf, and also operates an e-commerce platform called The Jushi Shop, offering branded apparel, accessories, and other products of its different brands. All of its revenues are generated within the United States.
47GF Score

Get the complete analysis for JUSHF

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

$0.48
Price
$0.51
GF Value