SBRA (Sabra Health Care REIT) Piotroski F-Score: 6 (As of Jun. 25, 2026) — 20% Above Median


SBRA Sabra Health Care REIT Inc SBRA
80 GF Score
Price $19.31
GF Value $19.32
Valuation Fairly Valued
! 10 Warning Signs
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What is Sabra Health Care REIT Piotroski F-Score?

Sabra Health Care REIT SBRA +1.15% 80 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates SBRA with a GF Score™ of 80/100 and a GF Value™ of $19.32 (Fairly Valued). The stock has 10 warning signs investors should review. Among 888 REITs companies, Sabra Health Care REIT ranks better than 73.65% 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

Sabra Health Care REIT 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 Sabra Health Care REIT's Piotroski F-Score or its related term are showing as below:

SBRA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 6
Current: 6

During the past 13 years, the highest Piotroski F-Score of Sabra Health Care REIT was 6. The lowest was 2. And the median was 5.

Sabra Health Care REIT  (NAS:SBRA) 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.


Sabra Health Care REIT Piotroski F-Score Related Terms


Sabra Health Care REIT Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sabra Health Care REIT'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.

Sabra Health Care REIT Piotroski F-Score Chart

Sabra Health Care REIT 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 3.00 5.00 6.00 6.00 6.00

Sabra Health Care REIT 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 6.00 6.00 6.00 6.00 6.00

SBRA vs NHI, HR, MPT: Piotroski F-Score Comparison

For the REIT - Healthcare Facilities subindustry, Sabra Health Care REIT'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.


Sabra Health Care REIT Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Sabra Health Care REIT's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Sabra Health Care REIT's Piotroski F-Score falls into.


SBRA
80GF Score
Sabra Health Care REIT Inc SBRA
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 65.542 + 22.538 + 27.225 + 40.88 = $156.2 Mil.
Cash Flow from Operations was 80.959 + 99.964 + 87.427 + 98.362 = $366.7 Mil.
Revenue was 189.15 + 190.037 + 211.902 + 221.753 = $812.8 Mil.
Gross Profit was 128.048 + 120.383 + 131.485 + 136.111 = $516.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5233.198 + 5327.997 + 5564.773 + 5493.396 + 5591.19) / 5 = $5442.1108 Mil.
Total Assets at the begining of this year (Mar25) was $5,233.2 Mil.
Long-Term Debt & Capital Lease Obligation was $2,330.4 Mil.
Total Current Assets was $271.5 Mil.
Total Current Liabilities was $472.9 Mil.
Net Income was 23.975 + 29.788 + 46.695 + 40.304 = $140.8 Mil.

Revenue was 176.141 + 178.001 + 182.346 + 183.543 = $720.0 Mil.
Gross Profit was 121.388 + 119.497 + 122.508 + 123.61 = $487.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5374.438 + 5351.116 + 5366.126 + 5303.679 + 5233.198) / 5 = $5325.7114 Mil.
Total Assets at the begining of last year (Mar24) was $5,374.4 Mil.
Long-Term Debt & Capital Lease Obligation was $2,418.9 Mil.
Total Current Assets was $155.3 Mil.
Total Current Liabilities was $112.1 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.

Sabra Health Care REIT's current Net Income (TTM) was 156.2. ==> 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.

Sabra Health Care REIT's current Cash Flow from Operations (TTM) was 366.7. ==> 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)
=156.185/5233.198
=0.02984504

ROA (Last Year)=Net Income/Total Assets (Mar24)
=140.762/5374.438
=0.02619102

Sabra Health Care REIT's return on assets of this year was 0.02984504. Sabra Health Care REIT's return on assets of last year was 0.02619102. ==> 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.

Sabra Health Care REIT's current Net Income (TTM) was 156.2. Sabra Health Care REIT's current Cash Flow from Operations (TTM) was 366.7. ==> 366.7 > 156.2 ==> 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
=2330.35/5442.1108
=0.42820701

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2418.899/5325.7114
=0.45419265

Sabra Health Care REIT's gearing of this year was 0.42820701. Sabra Health Care REIT's gearing of last year was 0.45419265. ==> 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
=271.539/472.926
=0.57416805

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=155.281/112.067
=1.38560861

Sabra Health Care REIT's current ratio of this year was 0.57416805. Sabra Health Care REIT's current ratio of last year was 1.38560861. ==> 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.

Sabra Health Care REIT's number of shares in issue this year was 255.965. Sabra Health Care REIT's number of shares in issue last year was 240.296. ==> 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
=516.027/812.842
=0.63484293

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=487.003/720.031
=0.67636393

Sabra Health Care REIT's gross margin of this year was 0.63484293. Sabra Health Care REIT's gross margin of last year was 0.67636393. ==> 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 (Mar25)
=812.842/5233.198
=0.15532414

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=720.031/5374.438
=0.13397326

Sabra Health Care REIT's asset turnover of this year was 0.15532414. Sabra Health Care REIT's asset turnover of last year was 0.13397326. ==> 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+0+0+0+1
=6

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

Sabra Health Care REIT has an F-score of 6 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 6 mean?
Sabra Health Care REIT (SBRA) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sabra Health Care REIT and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Sabra Health Care REIT's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Sabra Health Care REIT ranks #234 out of 888 companies in the REITs industry, placing it in the top 26.4%.
Is Sabra Health Care REIT's Piotroski F-Score too high?
Sabra Health Care REIT's current Piotroski F-Score of 6 is 20% 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 6.00. The REITs industry median Piotroski F-Score is 6.00. Sabra Health Care REIT's value of 6 is 0% at this industry median. Based on the distribution chart, Sabra Health Care REIT ranks #234 out of 888 companies in the REITs industry, which is above the industry midpoint. Overall, Sabra Health Care REIT has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sabra Health Care REIT's Piotroski F-Score compare to NHI and HR?
According to the REITs industry distribution chart, Sabra Health Care REIT ranks #234 out of 888 companies for Piotroski F-Score. This puts Sabra Health Care REIT in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Sabra Health Care REIT's value of 6 is 0% at this benchmark. Historically, Sabra Health Care REIT's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Sabra Health Care REIT has consistently been at 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. Sabra Health Care REIT's current Piotroski F-Score of 6 is 0% at 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 Sabra Health Care REIT 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. Sabra Health Care REIT's current Piotroski F-Score is 6, which is 20% 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 Sabra Health Care REIT stock overvalued right now?
Based on GuruFocus' analysis, Sabra Health Care REIT (SBRA) is currently considered Fairly Valued. The stock's GF Value™ is $19.32, compared to a current price of $19.31 — trading 0.1% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the REITs industry median of 6.00. Sabra Health Care REIT's overall GF Score™ is 80/100 with 10 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 Sabra Health Care REIT (SBRA), the current Piotroski F-Score is 6 as of Jun. 25, 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 Sabra Health Care REIT (SBRA) Overvalued in 2026?

Based on GuruFocus' analysis, Sabra Health Care REIT stock appears to be undervalued. The current stock price of $19.31 is trading 0.1% below its estimated GF Value™ of $19.32. GuruFocus considers Sabra Health Care REIT to be Fairly Valued.

Key valuation signals for SBRA:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: $19.32 vs. price of $19.31 (0.1% below fair value)
  • GF Score™: 80/100 with 10 warning signs
  • Industry Position: 0% at the REITs median (#234 of 888)

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


Sabra Health Care REIT Business Description

Industry Real EstateREITs
Other Exchanges SBC:Germany
Address 1781 Flight Way, Tustin, CA, USA, 92782
Sabra Health Care REIT Inc is a healthcare facility real estate investment trust. The company operates one segment that owns and invests in healthcare real estate. All of the company's revenue is generated in the United States. Sabra's operations consist of nursing facilities, assisted living centers, and mental health facilities.
80GF Score

Get the complete analysis for SBRA

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

$19.31
Price
$19.32
GF Value