SURRF (Sun Art Retail Group) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 43% Below Median


SURRF Sun Art Retail Group Ltd SURRF
67 GF Score
Price $0.20
GF Value $0.31
! 4 Warning Signs
View Full Analysis

What is Sun Art Retail Group Piotroski F-Score?

Sun Art Retail Group SURRF -21.10% 67 Piotroski F-Score is 4 as of Jun. 24, 2026, which is 43% below its 10-year median of 7.00. GuruFocus rates SURRF with a GF Score™ of 67/100 and a GF Value™ of $0.31. The stock has 4 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Sun Art Retail Group ranks worse than 71.12% 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

Sun Art Retail Group has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

SURRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Sun Art Retail Group was 8. The lowest was 4. And the median was 7.

Sun Art Retail Group  (OTCPK:SURRF) 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 Art Retail Group Piotroski F-Score Related Terms


Sun Art Retail Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sun Art Retail Group'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 Art Retail Group Piotroski F-Score Chart

Sun Art Retail Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 7.00 5.00 8.00 4.00

Sun Art Retail Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.00 0.00 8.00 0.00 4.00

SURRF vs DDS: Piotroski F-Score Comparison

For the Department Stores subindustry, Sun Art Retail Group'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 Art Retail Group Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sun Art Retail Group's Piotroski F-Score distribution charts can be found below:

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


SURRF
67GF Score
Sun Art Retail Group Ltd SURRF
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 $-46 Mil.
Cash Flow from Operations was $92 Mil.
Revenue was $9,205 Mil.
Gross Profit was $2,230 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (7721.159 + 7272.529) / 2 = $7496.844 Mil.
Total Assets at the begining of this year (Mar25) was $7,721 Mil.
Long-Term Debt & Capital Lease Obligation was $573 Mil.
Total Current Assets was $3,356 Mil.
Total Current Liabilities was $4,093 Mil.
Net Income was $56 Mil.

Revenue was $9,870 Mil.
Gross Profit was $2,378 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (8430.882 + 7721.159) / 2 = $8076.0205 Mil.
Total Assets at the begining of last year (Mar24) was $8,431 Mil.
Long-Term Debt & Capital Lease Obligation was $577 Mil.
Total Current Assets was $4,075 Mil.
Total Current Liabilities was $4,238 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 Art Retail Group's current Net Income (TTM) was -46. ==> 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.

Sun Art Retail Group's current Cash Flow from Operations (TTM) was 92. ==> 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)
=-46.285/7721.159
=-0.00599457

ROA (Last Year)=Net Income/Total Assets (Mar24)
=55.867/8430.882
=0.00662647

Sun Art Retail Group's return on assets of this year was -0.00599457. Sun Art Retail Group's return on assets of last year was 0.00662647. ==> 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.

Sun Art Retail Group's current Net Income (TTM) was -46. Sun Art Retail Group's current Cash Flow from Operations (TTM) was 92. ==> 92 > -46 ==> 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
=573.41/7496.844
=0.07648685

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=577.297/8076.0205
=0.07148285

Sun Art Retail Group's gearing of this year was 0.07648685. Sun Art Retail Group's gearing of last year was 0.07148285. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=3355.726/4093.092
=0.81985111

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4075.29/4238.202
=0.96156106

Sun Art Retail Group's current ratio of this year was 0.81985111. Sun Art Retail Group's current ratio of last year was 0.96156106. ==> 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 Art Retail Group's number of shares in issue this year was 9540.305. Sun Art Retail Group's number of shares in issue last year was 9539.705. ==> 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
=2230.38/9205.032
=0.24230008

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2377.609/9870.194
=0.24088777

Sun Art Retail Group's gross margin of this year was 0.24230008. Sun Art Retail Group's gross margin of last year was 0.24088777. ==> 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)
=9205.032/7721.159
=1.19218268

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=9870.194/8430.882
=1.17071903

Sun Art Retail Group's asset turnover of this year was 1.19218268. Sun Art Retail Group's asset turnover of last year was 1.17071903. ==> 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
=0+1+0+1+0+0+0+1+1
=4

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

Sun Art Retail Group has an F-score of 4 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 4 mean?
Sun Art Retail Group (SURRF) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sun Art Retail Group and its competitors. This is 43% below median its historical median of 7.00. Over the past decade, Sun Art Retail Group's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Sun Art Retail Group ranks #783 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 71.1%.
Is Sun Art Retail Group's Piotroski F-Score too high?
Sun Art Retail Group's current Piotroski F-Score of 4 is 43% 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 8.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Sun Art Retail Group's value of 4 is 20% below this industry median. Based on the distribution chart, Sun Art Retail Group ranks #783 out of 1101 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Sun Art Retail Group has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Sun Art Retail Group's Piotroski F-Score compare to DDS?
According to the Retail - Cyclical industry distribution chart, Sun Art Retail Group ranks #783 out of 1101 companies for Piotroski F-Score. This places Sun Art Retail Group in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Sun Art Retail Group's value of 4 is 20% below this benchmark. Historically, Sun Art Retail Group's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Sun Art Retail Group 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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 Art Retail Group'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 Sun Art Retail Group and its competitors. For the Retail - Cyclical 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. Sun Art Retail Group's current Piotroski F-Score is 4, which is 43% 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 Sun Art Retail Group stock overvalued right now?
Sun Art Retail Group (SURRF) has a current Piotroski F-Score of 4. The stock's GF Value™ is $0.31, compared to a current price of $0.20 — trading 36.4% below its estimated fair value. The current Piotroski F-Score is 4, which is 43% below median its 10-year median of 7.00 and 20% below the Retail - Cyclical industry median of 5.00. Sun Art Retail Group's overall GF Score™ is 67/100 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 Sun Art Retail Group (SURRF), the current Piotroski F-Score is 4 as of Jun. 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 Sun Art Retail Group (SURRF) Overvalued in 2026?

Based on GuruFocus' analysis, Sun Art Retail Group stock appears to be undervalued. The current stock price of $0.20 is trading 36.4% below its estimated GF Value™ of $0.31.

Key valuation signals for SURRF:

  • Piotroski F-Score: 4 (43% below median its 10-year median of 7.00)
  • GF Value™: $0.31 vs. price of $0.20 (36.4% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 20% below the Retail - Cyclical median (#783 of 1101)

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


Sun Art Retail Group Business Description

Address No. 255, Jiangchang Xi Road, Jingan District, Shanghai, CHN, 200436
Sun Art Retail Group Ltd is engaged in the operation of brick-and-mortar stores and online sales channels in the People's Republic of China. It operates its business with hypermarkets, superstores, and membership stores under RT-Mart, RT-Super, and M-Club and generates revenue from the sales of goods to customers, membership fees, and rental from leasing areas in the hypermarket buildings. Geographically, the company generates all of its revenue from the People's Republic of China.
67GF Score

Get the complete analysis for SURRF

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

$0.20
Price
$0.31
GF Value