SPWR (SunPower) Piotroski F-Score: 4 (As of Aug. 24, 2026) — Near Median

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SPWR SunPower Inc SPWR
53 GF Score
Price $0.27
GF Value $2.02
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is SunPower Piotroski F-Score?

SunPower SPWR -9.51% 53 Piotroski F-Score is 4 as of Aug. 24, 2026, which is at its 10-year median of 4.00. GuruFocus rates SPWR with a GF Score™ of 53/100 and a GF Value™ of $2.02 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 982 Semiconductors companies, SunPower ranks worse than 64.15% 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

SunPower has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for SunPower's Piotroski F-Score or its related term are showing as below:

SPWR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 4

During the past 6 years, the highest Piotroski F-Score of SunPower was 5. The lowest was 3. And the median was 4.

SunPower  (NAS:SPWR) 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.


SunPower Piotroski F-Score Related Terms


SunPower Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SunPower'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.

SunPower Piotroski F-Score Chart

SunPower Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A N/A 4.00 4.00

SunPower Quarterly Data
Dec21 Mar22 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 Premium Member Only N/A 5.00 4.00 4.00 0.00

SPWR vs PN, HYSR, FTCI: Piotroski F-Score Comparison

For the Solar subindustry, SunPower'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.


SunPower Piotroski F-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, SunPower's Piotroski F-Score distribution charts can be found below:

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


SPWR
53GF Score
SunPower Inc SPWR
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 -13.69 + -9.139 + 5.25 + 6.894 = $-10.7 Mil.
Cash Flow from Operations was -6.199 + -2.078 + -25.656 + -26.523 = $-60.5 Mil.
Revenue was 64.487 + 90.985 + 72.793 + 54.858 = $283.1 Mil.
Gross Profit was 32.056 + 45.996 + 44.687 + 24.96 = $147.7 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(163.14 + 208.34 + 241.187 + 262.086 + 250.209) / 5 = $224.9924 Mil.
Total Assets at the begining of this year (Jun25) was $163.1 Mil.
Long-Term Debt & Capital Lease Obligation was $120.7 Mil.
Total Current Assets was $113.8 Mil.
Total Current Liabilities was $139.2 Mil.
Net Income was -77.958 + 46.989 + 4.812 + -27.337 = $-53.5 Mil.

Revenue was 5.536 + 88.674 + 78.413 + 66.115 = $238.7 Mil.
Gross Profit was -3.157 + 41.268 + 27.376 + 23.784 = $89.3 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(33.392 + 107.936 + 144.466 + 147.811 + 163.14) / 5 = $119.349 Mil.
Total Assets at the begining of last year (Jun24) was $33.4 Mil.
Long-Term Debt & Capital Lease Obligation was $152.9 Mil.
Total Current Assets was $116.4 Mil.
Total Current Liabilities was $101.0 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.

SunPower's current Net Income (TTM) was -10.7. ==> Negative ==> Score 0.

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.

SunPower's current Cash Flow from Operations (TTM) was -60.5. ==> Negative ==> Score 0.

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)
=-10.685/163.14
=-0.06549589

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-53.494/33.392
=-1.60200048

SunPower's return on assets of this year was -0.06549589. SunPower's return on assets of last year was -1.60200048. ==> 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.

SunPower's current Net Income (TTM) was -10.7. SunPower's current Cash Flow from Operations (TTM) was -60.5. ==> -60.5 <= -10.7 ==> CFROA <= ROA ==> Score 0.

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
=120.726/224.9924
=0.53657812

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=152.939/119.349
=1.2814435

SunPower's gearing of this year was 0.53657812. SunPower's gearing of last year was 1.2814435. ==> 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
=113.833/139.192
=0.81781281

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=116.384/101.02
=1.1520887

SunPower's current ratio of this year was 0.81781281. SunPower's current ratio of last year was 1.1520887. ==> 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.

SunPower's number of shares in issue this year was 185.216. SunPower's number of shares in issue last year was 81.176. ==> 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
=147.699/283.123
=0.52167786

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=89.271/238.738
=0.37392874

SunPower's gross margin of this year was 0.52167786. SunPower's gross margin of last year was 0.37392874. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=283.123/163.14
=1.73546034

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=238.738/33.392
=7.14955678

SunPower's asset turnover of this year was 1.73546034. SunPower's asset turnover of last year was 7.14955678. ==> 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
=0+0+1+0+1+0+0+1+0
=3

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

SunPower has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
SunPower (SPWR) has a Piotroski F-Score of 4 as of Aug. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SunPower and its competitors. This is near median its historical median of 4.00. Over the past decade, SunPower's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, SunPower ranks #630 out of 982 companies in the Semiconductors industry, placing it in the top 64.2%.
Is SunPower's Piotroski F-Score too high?
SunPower's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Semiconductors industry median Piotroski F-Score is 5.00. SunPower's value of 4 is 20% below this industry median. Based on the distribution chart, SunPower ranks #630 out of 982 companies in the Semiconductors industry, which is below the industry midpoint. Overall, SunPower has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SunPower's Piotroski F-Score compare to PN and HYSR?
According to the Semiconductors industry distribution chart, SunPower ranks #630 out of 982 companies for Piotroski F-Score. This places SunPower in the lower half of its industry. The industry median Piotroski F-Score is 5.00. SunPower's value of 4 is 20% below this benchmark. Historically, SunPower's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, SunPower 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 Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 982 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. SunPower's current Piotroski F-Score of 4 is 20% 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 SunPower and its competitors. For the Semiconductors 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. SunPower's current Piotroski F-Score is 4, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SunPower stock overvalued right now?
Based on GuruFocus' analysis, SunPower (SPWR) is currently considered Possible Value Trap. The stock's GF Value™ is $2.02, compared to a current price of $0.27 — trading 86.4% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Semiconductors industry median of 5.00. SunPower's overall GF Score™ is 53/100 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 SunPower (SPWR), the current Piotroski F-Score is 4 as of Aug. 24, 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 SunPower (SPWR) Overvalued in 2026?

Based on GuruFocus' analysis, SunPower stock appears to be undervalued. The current stock price of $0.27 is trading 86.4% below its estimated GF Value™ of $2.02. GuruFocus considers SunPower to be Possible Value Trap.

Key valuation signals for SPWR:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: $2.02 vs. price of $0.27 (86.4% below fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 20% below the Semiconductors median (#630 of 982)

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


SunPower Business Description

Address 1403 North Research Way, Orem, UT, USA, 84097
SunPower Inc is a solar technology and energy services provider, specializing in residential solar solutions, battery storage, and home energy management. Company has three segments namely, Residential Solar Installation, this segment performs solar system, storage and battery installations for residential homeowners. New Homes Business-This segment performs solar system installations for new home builders and Dealer -This segment provides a third-party solar energy sales force to initiate and execute contracts with customers throughout the United States. Company generates key revenue from the Residential Solar Installation segment.
53GF Score

Get the complete analysis for SPWR

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

$0.27
Price
$2.02
GF Value