SDHC (Smith Douglas Homes) Piotroski F-Score: 5 (As of Aug. 18, 2026) — 67% Above Median

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SDHC Smith Douglas Homes Corp SDHC
33 GF Score
Price $13.75
GF Value $29.09
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Smith Douglas Homes Piotroski F-Score?

Smith Douglas Homes SDHC -1.72% 33 Piotroski F-Score is 5 as of Aug. 18, 2026, which is 67% above its 10-year median of 3.00. GuruFocus rates SDHC with a GF Score™ of 33/100 and a GF Value™ of $29.09 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,753 Real Estate companies, Smith Douglas Homes ranks better than 59.84% 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

Smith Douglas Homes 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 Smith Douglas Homes's Piotroski F-Score or its related term are showing as below:

SDHC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 5
Current: 5

During the past 5 years, the highest Piotroski F-Score of Smith Douglas Homes was 5. The lowest was 2. And the median was 3.

Smith Douglas Homes  (NYSE:SDHC) 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.


Smith Douglas Homes Piotroski F-Score Related Terms


Smith Douglas Homes Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Smith Douglas Homes'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.

Smith Douglas Homes Piotroski F-Score Chart

Smith Douglas Homes Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A N/A 5.00 2.00

Smith Douglas Homes Quarterly Data
Dec21 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 3.00 3.00 2.00 3.00 5.00

SDHC vs AXR, LPA, JFB: Piotroski F-Score Comparison

For the Real Estate - Development subindustry, Smith Douglas Homes'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.


Smith Douglas Homes Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Smith Douglas Homes's Piotroski F-Score distribution charts can be found below:

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


SDHC
33GF Score
Smith Douglas Homes Corp SDHC
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 2.126 + 3.52 + 0.565 + 0.246 = $6 Mil.
Cash Flow from Operations was 22.753 + 9.757 + 0.338 + 4.512 = $37 Mil.
Revenue was 262.041 + 260.429 + 206.444 + 273.026 = $1,002 Mil.
Gross Profit was 54.97 + 51.732 + 40.451 + 47.921 = $195 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(570.219 + 571.559 + 557.593 + 600.187 + 592.102) / 5 = $578.332 Mil.
Total Assets at the begining of this year (Jun25) was $570 Mil.
Long-Term Debt & Capital Lease Obligation was $90 Mil.
Total Current Assets was $485 Mil.
Total Current Liabilities was $59 Mil.
Net Income was 5.347 + 4.105 + 2.683 + 2.365 = $15 Mil.

Revenue was 277.835 + 287.486 + 224.722 + 223.924 = $1,014 Mil.
Gross Profit was 73.695 + 73.329 + 53.53 + 51.939 = $252 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(429.254 + 460.05 + 475.901 + 513.919 + 570.219) / 5 = $489.8686 Mil.
Total Assets at the begining of last year (Jun24) was $429 Mil.
Long-Term Debt & Capital Lease Obligation was $100 Mil.
Total Current Assets was $470 Mil.
Total Current Liabilities was $45 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.

Smith Douglas Homes'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.

Smith Douglas Homes's current Cash Flow from Operations (TTM) was 37. ==> 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)
=6.457/570.219
=0.01132372

ROA (Last Year)=Net Income/Total Assets (Jun24)
=14.5/429.254
=0.03377953

Smith Douglas Homes's return on assets of this year was 0.01132372. Smith Douglas Homes's return on assets of last year was 0.03377953. ==> 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.

Smith Douglas Homes's current Net Income (TTM) was 6. Smith Douglas Homes's current Cash Flow from Operations (TTM) was 37. ==> 37 > 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
=90.277/578.332
=0.15609892

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=100.215/489.8686
=0.20457527

Smith Douglas Homes's gearing of this year was 0.15609892. Smith Douglas Homes's gearing of last year was 0.20457527. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=484.704/59.487
=8.14806596

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=469.997/44.771
=10.49779992

Smith Douglas Homes's current ratio of this year was 8.14806596. Smith Douglas Homes's current ratio of last year was 10.49779992. ==> 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.

Smith Douglas Homes's number of shares in issue this year was 8.381. Smith Douglas Homes's number of shares in issue last year was 8.998. ==> 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
=195.074/1001.94
=0.19469629

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=252.493/1013.967
=0.24901501

Smith Douglas Homes's gross margin of this year was 0.19469629. Smith Douglas Homes's gross margin of last year was 0.24901501. ==> 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)
=1001.94/570.219
=1.75711437

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1013.967/429.254
=2.36216087

Smith Douglas Homes's asset turnover of this year was 1.75711437. Smith Douglas Homes's asset turnover of last year was 2.36216087. ==> 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+1+0+1+0+0
=5

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

Smith Douglas Homes has an F-score of 5 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 5 mean?
Smith Douglas Homes (SDHC) has a Piotroski F-Score of 5 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Smith Douglas Homes and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, Smith Douglas Homes' Piotroski F-Score has ranged from 2.00 to 5.00. According to the industry distribution chart, Smith Douglas Homes ranks #704 out of 1753 companies in the Real Estate industry, placing it in the top 40.2%.
Is Smith Douglas Homes' Piotroski F-Score too high?
Smith Douglas Homes' current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 5.00. The Real Estate industry median Piotroski F-Score is 5.00. Smith Douglas Homes' value of 5 is 0% at this industry median. Based on the distribution chart, Smith Douglas Homes ranks #704 out of 1753 companies in the Real Estate industry, which is above the industry midpoint. Overall, Smith Douglas Homes has a GF Score™ of 33/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smith Douglas Homes' Piotroski F-Score compare to AXR and LPA?
According to the Real Estate industry distribution chart, Smith Douglas Homes ranks #704 out of 1753 companies for Piotroski F-Score. This puts Smith Douglas Homes in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Smith Douglas Homes' value of 5 is 0% at this benchmark. Historically, Smith Douglas Homes' own Piotroski F-Score has ranged from 2.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Smith Douglas Homes 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,753 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. Smith Douglas Homes's current Piotroski F-Score of 5 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 Smith Douglas Homes and its competitors. For the Real Estate 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. Smith Douglas Homes's current Piotroski F-Score is 5, which is 67% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith Douglas Homes stock overvalued right now?
Based on GuruFocus' analysis, Smith Douglas Homes (SDHC) is currently considered Significantly Undervalued. The stock's GF Value™ is $29.09, compared to a current price of $13.75 — trading 52.7% below its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Real Estate industry median of 5.00. Smith Douglas Homes' overall GF Score™ is 33/100 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 Smith Douglas Homes (SDHC), the current Piotroski F-Score is 5 as of Aug. 18, 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 Smith Douglas Homes (SDHC) Overvalued in 2026?

Based on GuruFocus' analysis, Smith Douglas Homes stock appears to be undervalued. The current stock price of $13.75 is trading 52.7% below its estimated GF Value™ of $29.09. GuruFocus considers Smith Douglas Homes to be Significantly Undervalued.

Key valuation signals for SDHC:

  • Piotroski F-Score: 5 (67% above median its 10-year median of 3.00)
  • GF Value™: $29.09 vs. price of $13.75 (52.7% below fair value)
  • GF Score™: 33/100 with 2 warning signs
  • Industry Position: 0% at the Real Estate median (#704 of 1753)

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


Smith Douglas Homes Business Description

Address 110 Village Trail, Suite 215, Woodstock, GA, USA, 30188
Smith Douglas Homes Corpis a builder of single-family homes in communities in certain markets in the southeastern and southern United States. The Company's homes and communities are targeted to first-time and empty-nest homebuyers. The Company currently operates in metropolitan Atlanta, Birmingham, Chattanooga, Central Georgia, Charlotte, Dallas-Fort Worth, Greenville, Alabama Gulf Coast, Huntsville, Nashville, Raleigh and Houston. Its operations are currently organized into ten geographical divisions which comprise two reportable segments. Its Southeast segment consists of its Atlanta, Central Georgia, Charlotte, Greenville, and Raleigh divisions. Its Central segment consists of its Alabama, Dallas-Fort Worth, Houston, Nashville, and Alabama Gulf Coast divisions.
33GF Score

Get the complete analysis for SDHC

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

$13.75
Price
$29.09
GF Value