SM Prime HoldingsSPHXF 49 Piotroski F-Score is 6 as of Jul. 01, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates SPHXF with a GF Score™ of 49/100 and a GF Value™ of $0.50 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,759 Real Estate companies, SM Prime Holdings ranks better than 79.87% 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
SM Prime Holdings 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 SM Prime Holdings's Piotroski F-Score or its related term are showing as below:
SPHXF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of SM Prime Holdings was 9. The lowest was 4. And the median was 7.
SM Prime Holdings (OTCPK:SPHXF) 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.
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.
SM Prime Holdings Piotroski F-Score Related Terms
SM Prime Holdings Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for SM Prime 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.
SM Prime Holdings Piotroski F-Score Competitor Comparison
For the Real Estate - Diversified subindustry, SM Prime 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.
SM Prime Holdings Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SM Prime Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where SM Prime Holdings'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 207.673 + 207.402 + 188.285 + 189.155 = $793 Mil. Cash Flow from Operations was 259.37 + 313.506 + 354.327 + 322.363 = $1,250 Mil. Revenue was 572.143 + 573.58 + 611.64 + 539.84 = $2,297 Mil. Gross Profit was 287.892 + 283.529 + 527.433 + 463.704 = $1,563 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(16984.983 + 17047.474 + 17492.713 + 17744.662 + 18020.45) / 5 = $17458.0564 Mil. Total Assets at the begining of this year (Mar25) was $16,985 Mil. Long-Term Debt & Capital Lease Obligation was $5,564 Mil. Total Current Assets was $3,584 Mil. Total Current Liabilities was $3,109 Mil.
Net Income was 188.234 + 191.617 + 190.663 + 189.038 = $760 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.
SM Prime Holdings's current Net Income (TTM) was 793.
==> 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.
SM Prime Holdings's return on assets of this year was 0.04665975. SM Prime Holdings's return on assets of last year was 0.04880564.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
SM Prime Holdings's gearing of this year was 0.31871148. SM Prime Holdings's gearing of last year was 0.2801928.
==> 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
SM Prime Holdings's current ratio of this year was 1.15271938. SM Prime Holdings's current ratio of last year was 1.04661133.
==> 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.
SM Prime Holdings's number of shares in issue this year was 28768.717. SM Prime Holdings's number of shares in issue last year was 28854.916.
==> 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.
SM Prime Holdings's gross margin of this year was 0.68020023. SM Prime Holdings's gross margin of last year was 0.66570203.
==> 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
SM Prime Holdings's asset turnover of this year was 0.13524906. SM Prime Holdings's asset turnover of last year was 0.14847664.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
SM Prime Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
SM Prime Holdings (SPHXF) has a Piotroski F-Score of 6 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SM Prime Holdings and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, SM Prime Holdings' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, SM Prime Holdings ranks #354 out of 1759 companies in the Real Estate industry, placing it in the top 20.1%.
Is SM Prime Holdings' Piotroski F-Score too high?
SM Prime Holdings' current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Real Estate industry median Piotroski F-Score is 5.00. SM Prime Holdings' value of 6 is 20% above this industry median. Based on the distribution chart, SM Prime Holdings ranks #354 out of 1759 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, SM Prime Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, SM Prime Holdings ranks #354 out of 1759 companies for Piotroski F-Score. This places SM Prime Holdings in the top 20% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. SM Prime Holdings' value of 6 is 20% above this benchmark. Historically, SM Prime Holdings' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, SM Prime Holdings 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,759 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. SM Prime Holdings'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 SM Prime Holdings 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. SM Prime Holdings's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (SPHXF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.50, compared to a current price of $0.28 — trading 44% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Real Estate industry median of 5.00. SM Prime Holdings' overall GF Score™ is 49/100 with 4 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 SM Prime Holdings (SPHXF), the current Piotroski F-Score is 6 as of Jul. 01, 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 SM Prime Holdings (SPHXF) Overvalued in 2026?
Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued.
The current stock price of $0.28 is trading 44% below its estimated GF Value™ of $0.50.
GuruFocus considers SM Prime Holdings to be Possible Value Trap.
Key valuation signals for SPHXF:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: $0.50 vs. price of $0.28 (44% below fair value)
Industry Position: 20% above the Real Estate median (#354 of 1759)
No single metric tells the full story. See the SPHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
49GF Score
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