CubeSmartMEX:CUBE 88 Piotroski F-Score is 5 as of Jun. 27, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates MEX:CUBE with a GF Score™ of 88/100 and a GF Value™ of MXN1,008.23. The stock has 5 warning signs investors should review. Among 888 REITs companies, CubeSmart ranks worse than 53.94% 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
CubeSmart has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for CubeSmart's Piotroski F-Score or its related term are showing as below:
MEX:CUBE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of CubeSmart was 8. The lowest was 3. And the median was 6.
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.
CubeSmart Piotroski F-Score Related Terms
CubeSmart Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CubeSmart'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.
MEX:CUBE vs FR, REXR, LINE: Piotroski F-Score Comparison
For the REIT - Industrial subindustry, CubeSmart'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.
CubeSmart Piotroski F-Score vs REITs Industry
For the REITs industry and Real Estate sector, CubeSmart's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CubeSmart'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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 1562.07 + 1521.285 + 1416.959 + 1494.676 = MXN5,995 Mil. Cash Flow from Operations was 2965.204 + 3085.88 + 2457.616 + 2683.915 = MXN11,193 Mil. Revenue was 5315.54 + 5229.565 + 5090.049 + 5083.941 = MXN20,719 Mil. Gross Profit was 3639.214 + 3563.031 + 3494.834 + 3459.772 = MXN14,157 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(137893.996 + 126331.128 + 123963.83 + 119615.34 + 118982.207) / 5 = MXN125357.3002 Mil. Total Assets at the begining of this year (Mar25) was MXN137,894 Mil. Long-Term Debt & Capital Lease Obligation was MXN55,723 Mil. Total Current Assets was MXN2,215 Mil. Total Current Liabilities was MXN14,487 Mil.
Net Income was 1721.43 + 1984.723 + 2125.029 + 1824.81 = MXN7,656 Mil.
Revenue was 4876.976 + 5333.905 + 5583.613 + 5585.825 = MXN21,380 Mil. Gross Profit was 3354.631 + 3721.9 + 4003.836 + 3889.145 = MXN14,970 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(103044.289 + 113299.871 + 121930.509 + 133355.121 + 137893.996) / 5 = MXN121904.7572 Mil. Total Assets at the begining of last year (Mar24) was MXN103,044 Mil. Long-Term Debt & Capital Lease Obligation was MXN62,455 Mil. Total Current Assets was MXN2,527 Mil. Total Current Liabilities was MXN15,644 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.
CubeSmart's current Net Income (TTM) was 5,995.
==> 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.
CubeSmart's return on assets of this year was 0.04347535. CubeSmart's return on assets of last year was 0.07429807.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CubeSmart's gearing of this year was 0.44451232. CubeSmart's gearing of last year was 0.51232701.
==> 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
CubeSmart's current ratio of this year was 0.15287114. CubeSmart's current ratio of last year was 0.16152842.
==> 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.
CubeSmart's number of shares in issue this year was 228.206. CubeSmart's number of shares in issue last year was 229.169.
==> 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.
CubeSmart's gross margin of this year was 0.68327555. CubeSmart's gross margin of last year was 0.70015382.
==> 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
CubeSmart's asset turnover of this year was 0.15025379. CubeSmart's asset turnover of last year was 0.2074867.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CubeSmart has an F-score of 5 indicating the company's financial situation is typical for a stable company.
CubeSmart (MEX:CUBE) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CubeSmart and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, CubeSmart's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, CubeSmart ranks #479 out of 888 companies in the REITs industry, placing it in the top 53.9%.
Is CubeSmart's Piotroski F-Score too high?
CubeSmart's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The REITs industry median Piotroski F-Score is 6.00. CubeSmart's value of 5 is 16.7% below this industry median. Based on the distribution chart, CubeSmart ranks #479 out of 888 companies in the REITs industry, which is below the industry midpoint. Overall, CubeSmart has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does CubeSmart's Piotroski F-Score compare to FR and REXR?
According to the REITs industry distribution chart, CubeSmart ranks #479 out of 888 companies for Piotroski F-Score. This places CubeSmart in the lower half of its industry. The industry median Piotroski F-Score is 6.00. CubeSmart's value of 5 is 16.7% below this benchmark. Historically, CubeSmart's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, CubeSmart 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 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. CubeSmart's current Piotroski F-Score of 5 is 16.7% 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 CubeSmart 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. CubeSmart's current Piotroski F-Score is 5, which is 17% below 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 CubeSmart stock overvalued right now?
CubeSmart (MEX:CUBE) has a current Piotroski F-Score of 5. The stock's GF Value™ is MXN1,008.23, compared to a current price of MXN938.00 — trading 7% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 16.7% below the REITs industry median of 6.00. CubeSmart's overall GF Score™ is 88/100 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 CubeSmart (MEX:CUBE), the current Piotroski F-Score is 5 as of Jun. 27, 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 CubeSmart (MEX:CUBE) Overvalued in 2026?
Based on GuruFocus' analysis, CubeSmart stock appears to be undervalued.
The current stock price of MXN938.00 is trading 7% below its estimated GF Value™ of MXN1,008.23.
Key valuation signals for MEX:CUBE:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: MXN1,008.23 vs. price of MXN938.00 (7% below fair value)
Industry Position: 16.7% below the REITs median (#479 of 888)
No single metric tells the full story. See the MEX:CUBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Majority of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. The company derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
88GF Score
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