SKY (Champion Homes) Piotroski F-Score: 6 (As of Jun. 28, 2026) — Near Median


SKY Champion Homes Inc SKY
88 GF Score
Price $88.82
GF Value $93.41
Valuation Fairly Valued
! 6 Warning Signs
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What is Champion Homes Piotroski F-Score?

Champion Homes SKY +2.10% 88 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates SKY with a GF Score™ of 88/100 and a GF Value™ of $93.41 (Fairly Valued). The stock has 6 warning signs investors should review. Among 93 Homebuilding & Construction companies, Champion Homes ranks better than 84.95% 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

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

SKY' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Champion Homes was 8. The lowest was 3. And the median was 6.

Champion Homes  (NYSE:SKY) 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.


Champion Homes Piotroski F-Score Related Terms


Champion Homes Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Champion 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.

Champion Homes Piotroski F-Score Chart

Champion Homes Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 7.00 3.00 8.00 6.00

Champion Homes 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 8.00 8.00 8.00 8.00 6.00

SKY vs CVCO, MTH, MHO: Piotroski F-Score Comparison

For the Residential Construction subindustry, Champion 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.


Champion Homes Piotroski F-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Champion Homes's Piotroski F-Score distribution charts can be found below:

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


SKY
88GF Score
Champion Homes Inc SKY
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 64.687 + 58.199 + 54.336 + 29.676 = $207 Mil.
Cash Flow from Operations was 75.302 + 75.876 + 99.987 + 52.703 = $304 Mil.
Revenue was 701.318 + 684.429 + 656.614 + 621.278 = $2,664 Mil.
Gross Profit was 189.83 + 187.932 + 172.193 + 154.364 = $704 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2110.408 + 2149.251 + 2120.805 + 2114.315 + 2131.546) / 5 = $2125.265 Mil.
Total Assets at the begining of this year (Mar25) was $2,110 Mil.
Long-Term Debt & Capital Lease Obligation was $14 Mil.
Total Current Assets was $1,128 Mil.
Total Current Liabilities was $455 Mil.
Net Income was 45.794 + 54.734 + 61.537 + 36.348 = $198 Mil.

Revenue was 627.779 + 616.877 + 644.925 + 593.867 = $2,483 Mil.
Gross Profit was 164.215 + 166.333 + 181.022 + 152.453 = $664 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1923.341 + 1987.13 + 2027.672 + 2037.469 + 2110.408) / 5 = $2017.204 Mil.
Total Assets at the begining of last year (Mar24) was $1,923 Mil.
Long-Term Debt & Capital Lease Obligation was $25 Mil.
Total Current Assets was $1,086 Mil.
Total Current Liabilities was $451 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.

Champion Homes's current Net Income (TTM) was 207. ==> 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.

Champion Homes's current Cash Flow from Operations (TTM) was 304. ==> 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)
=206.898/2110.408
=0.09803697

ROA (Last Year)=Net Income/Total Assets (Mar24)
=198.413/1923.341
=0.10316059

Champion Homes's return on assets of this year was 0.09803697. Champion Homes's return on assets of last year was 0.10316059. ==> 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.

Champion Homes's current Net Income (TTM) was 207. Champion Homes's current Cash Flow from Operations (TTM) was 304. ==> 304 > 207 ==> 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
=14.44/2125.265
=0.00679445

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=24.773/2017.204
=0.01228086

Champion Homes's gearing of this year was 0.00679445. Champion Homes's gearing of last year was 0.01228086. ==> 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
=1128.218/455.342
=2.47773761

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1086.498/451.308
=2.40744237

Champion Homes's current ratio of this year was 2.47773761. Champion Homes's current ratio of last year was 2.40744237. ==> 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.

Champion Homes's number of shares in issue this year was 55.614. Champion Homes's number of shares in issue last year was 57.769. ==> 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
=704.319/2663.639
=0.26441984

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=664.023/2483.448
=0.26737947

Champion Homes's gross margin of this year was 0.26441984. Champion Homes's gross margin of last year was 0.26737947. ==> 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)
=2663.639/2110.408
=1.2621441

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2483.448/1923.341
=1.29121565

Champion Homes's asset turnover of this year was 1.2621441. Champion Homes's asset turnover of last year was 1.29121565. ==> 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+1+1+0+0
=6

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

Champion Homes 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?
Champion Homes (SKY) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Champion Homes and its competitors. This is near median its historical median of 6.00. Over the past decade, Champion Homes' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Champion Homes ranks #14 out of 93 companies in the Homebuilding & Construction industry, placing it in the top 15.1%.
Is Champion Homes' Piotroski F-Score too high?
Champion Homes' current Piotroski F-Score of 6 is near 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 Homebuilding & Construction industry median Piotroski F-Score is 5.00. Champion Homes' value of 6 is 20% above this industry median. Based on the distribution chart, Champion Homes ranks #14 out of 93 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Champion Homes has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Champion Homes' Piotroski F-Score compare to CVCO and MTH?
According to the Homebuilding & Construction industry distribution chart, Champion Homes ranks #14 out of 93 companies for Piotroski F-Score. This places Champion Homes in the top 15% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Champion Homes' value of 6 is 20% above this benchmark. Historically, Champion Homes' 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 5.00, Champion Homes 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 Homebuilding & Construction company?
The median Piotroski F-Score among Homebuilding & Construction companies is 5.00, based on 93 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. Champion Homes's current Piotroski F-Score of 6 is 20% 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 Champion Homes and its competitors. For the Homebuilding & Construction 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. Champion Homes's current Piotroski F-Score is 6, which is near 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 Champion Homes stock overvalued right now?
Based on GuruFocus' analysis, Champion Homes (SKY) is currently considered Fairly Valued. The stock's GF Value™ is $93.41, compared to a current price of $88.82 — trading 4.9% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Homebuilding & Construction industry median of 5.00. Champion Homes' overall GF Score™ is 88/100 with 6 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 Champion Homes (SKY), the current Piotroski F-Score is 6 as of Jun. 28, 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 Champion Homes (SKY) Overvalued in 2026?

Based on GuruFocus' analysis, Champion Homes stock appears to be undervalued. The current stock price of $88.82 is trading 4.9% below its estimated GF Value™ of $93.41. GuruFocus considers Champion Homes to be Fairly Valued.

Key valuation signals for SKY:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $93.41 vs. price of $88.82 (4.9% below fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 20% above the Homebuilding & Construction median (#14 of 93)

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


Champion Homes Business Description

Address 755 West Big Beaver Road, Suite 1000, Troy, MI, USA, 48084
Champion Homes Inc is a factory-built housing company in North America. The company is well positioned with an portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, and other hospitality sectors. In addition to its core home building business, the company provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 72 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States.
88GF Score

Get the complete analysis for SKY

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

$88.82
Price
$93.41
GF Value