SUI (Sun Communities) Piotroski F-Score: 7 (As of Jul. 03, 2026) — 17% Above Median


SUI Sun Communities Inc SUI
69 GF Score
Price $123.63
GF Value $131.12
Valuation Fairly Valued
! 6 Warning Signs
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What is Sun Communities Piotroski F-Score?

Sun Communities SUI +2.36% 69 Piotroski F-Score is 7 as of Jul. 03, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates SUI with a GF Score™ of 69/100 and a GF Value™ of $131.12 (Fairly Valued). The stock has 6 warning signs investors should review. Among 887 REITs companies, Sun Communities ranks better than 92.22% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

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

Sun Communities has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

SUI' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Sun Communities was 7. The lowest was 3. And the median was 6.

Sun Communities  (NYSE:SUI) 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.


Sun Communities Piotroski F-Score Related Terms


Sun Communities Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sun Communities'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.

Sun Communities Piotroski F-Score Chart

Sun Communities 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 7.00 5.00 4.00 6.00 7.00

Sun Communities 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 7.00 6.00 6.00 7.00 7.00

SUI vs MAA, UDR, ELS: Piotroski F-Score Comparison

For the REIT - Residential subindustry, Sun Communities'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.


Sun Communities Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Sun Communities's Piotroski F-Score distribution charts can be found below:

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


SUI
69GF Score
Sun Communities Inc SUI
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 1273.6 + 8.5 + 121.9 + -6 = $1,398 Mil.
Cash Flow from Operations was 256 + 197.8 + 166.5 + 269.3 = $890 Mil.
Revenue was 607 + 679.9 + 504.9 + 500.5 = $2,292 Mil.
Gross Profit was 310.1 + 372.6 + 258.3 + 257.3 = $1,198 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(16505.6 + 13362.1 + 12800.3 + 12522.9 + 12358.8) / 5 = $13509.94 Mil.
Total Assets at the begining of this year (Mar25) was $16,506 Mil.
Long-Term Debt & Capital Lease Obligation was $4,246 Mil.
Total Current Assets was $1,005 Mil.
Total Current Liabilities was $725 Mil.
Net Income was 52.1 + 288.7 + -224.4 + -39.7 = $77 Mil.

Revenue was 591.1 + 675.1 + 509.5 + 465.8 = $2,242 Mil.
Gross Profit was 303.1 + 360.2 + 262.2 + 239.8 = $1,165 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(17113.3 + 17011.1 + 17085.1 + 16549.4 + 16505.6) / 5 = $16852.9 Mil.
Total Assets at the begining of last year (Mar24) was $17,113 Mil.
Long-Term Debt & Capital Lease Obligation was $5,878 Mil.
Total Current Assets was $5,167 Mil.
Total Current Liabilities was $2,527 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.

Sun Communities's current Net Income (TTM) was 1,398. ==> 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.

Sun Communities's current Cash Flow from Operations (TTM) was 890. ==> 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)
=1398/16505.6
=0.08469853

ROA (Last Year)=Net Income/Total Assets (Mar24)
=76.7/17113.3
=0.00448189

Sun Communities's return on assets of this year was 0.08469853. Sun Communities's return on assets of last year was 0.00448189. ==> 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.

Sun Communities's current Net Income (TTM) was 1,398. Sun Communities's current Cash Flow from Operations (TTM) was 890. ==> 890 <= 1,398 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=4246.2/13509.94
=0.31430191

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=5878/16852.9
=0.3487827

Sun Communities's gearing of this year was 0.31430191. Sun Communities's gearing of last year was 0.3487827. ==> 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
=1004.5/724.8
=1.38589956

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5167.4/2526.8
=2.0450372

Sun Communities's current ratio of this year was 1.38589956. Sun Communities's current ratio of last year was 2.0450372. ==> 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.

Sun Communities's number of shares in issue this year was 125.5. Sun Communities's number of shares in issue last year was 129.8. ==> 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
=1198.3/2292.3
=0.52275008

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1165.3/2241.5
=0.51987508

Sun Communities's gross margin of this year was 0.52275008. Sun Communities's gross margin of last year was 0.51987508. ==> 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 (Mar25)
=2292.3/16505.6
=0.13888014

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2241.5/17113.3
=0.13098

Sun Communities's asset turnover of this year was 0.13888014. Sun Communities's asset turnover of last year was 0.13098. ==> 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+0+1+0+1+1+1
=7

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

Sun Communities has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Sun Communities (SUI) has a Piotroski F-Score of 7 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sun Communities and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Sun Communities' Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Sun Communities ranks #69 out of 887 companies in the REITs industry, placing it in the top 7.8%.
Is Sun Communities' Piotroski F-Score too high?
Sun Communities' current Piotroski F-Score of 7 is 17% above 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 7.00. The REITs industry median Piotroski F-Score is 6.00. Sun Communities' value of 7 is 16.7% above this industry median. Based on the distribution chart, Sun Communities ranks #69 out of 887 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Sun Communities has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sun Communities' Piotroski F-Score compare to MAA and UDR?
According to the REITs industry distribution chart, Sun Communities ranks #69 out of 887 companies for Piotroski F-Score. This places Sun Communities in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Sun Communities' value of 7 is 16.7% above this benchmark. Historically, Sun Communities' own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Sun Communities 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 887 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. Sun Communities's current Piotroski F-Score of 7 is 16.7% 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 Sun Communities 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. Sun Communities's current Piotroski F-Score is 7, which is 17% above 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 Sun Communities stock overvalued right now?
Based on GuruFocus' analysis, Sun Communities (SUI) is currently considered Fairly Valued. The stock's GF Value™ is $131.12, compared to a current price of $123.63 — trading 5.7% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the REITs industry median of 6.00. Sun Communities' overall GF Score™ is 69/100 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 Sun Communities (SUI), the current Piotroski F-Score is 7 as of Jul. 03, 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 Sun Communities (SUI) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Communities stock appears to be undervalued. The current stock price of $123.63 is trading 5.7% below its estimated GF Value™ of $131.12. GuruFocus considers Sun Communities to be Fairly Valued.

Key valuation signals for SUI:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: $131.12 vs. price of $123.63 (5.7% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 16.7% above the REITs median (#69 of 887)

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


Sun Communities Business Description

Industry Real EstateREITs
Other Exchanges SCZ:GermanyS2UI34:Brazil
Address 27777 Franklin Road, Suite 300, Southfield, MI, USA, 48034
Sun Communities is a residential REIT that focuses on owning manufactured housing and residential vehicle communities. The company currently owns a portfolio of 513 properties, which includes 347 manufactured housing communities and 166 residential vehicle communities. Sun targets owning properties that are desirable as second homes or vacation properties, with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.
69GF Score

Get the complete analysis for SUI

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

$123.63
Price
$131.12
GF Value