Sunrun (WBO:RUN) Piotroski F-Score: 5 (As of Jun. 24, 2026) — 67% Above Median


WBO:RUN Sunrun Inc WBO:RUN
69 GF Score
Price €11.48
GF Value €13.47
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Sunrun Piotroski F-Score?

Sunrun WBO:RUN -4.01% 69 Piotroski F-Score is 5 as of Jun. 24, 2026, which is 67% above its 10-year median of 3.00. GuruFocus rates WBO:RUN with a GF Score™ of 69/100 and a GF Value™ of €13.47 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 989 Semiconductors companies, Sunrun ranks better than 61.38% 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

Sunrun has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

WBO:RUN' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 5
Current: 5

During the past 13 years, the highest Piotroski F-Score of Sunrun was 5. The lowest was 1. And the median was 3.

Sunrun  (WBO:RUN) 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.


Sunrun Piotroski F-Score Related Terms


Sunrun Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Sunrun'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.

Sunrun Piotroski F-Score Chart

Sunrun 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 3.00 4.00 2.00 3.00 5.00

Sunrun 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 3.00 2.00 3.00 5.00 5.00

WBO:RUN vs SEDG, SHLS, ARRY: Piotroski F-Score Comparison

For the Solar subindustry, Sunrun'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.


Sunrun Piotroski F-Score vs Semiconductors Industry

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

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


WBO:RUN
69GF Score
Sunrun Inc WBO:RUN
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 242.563 + 14.134 + 88.452 + 145.012 = €490 Mil.
Cash Flow from Operations was -253.735 + -103.538 + 82.794 + 9.189 = €-265 Mil.
Revenue was 493.614 + 617.323 + 989.643 + 624.73 = €2,725 Mil.
Gross Profit was 103.88 + 207.263 + 371.808 + 190.128 = €873 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(18849.516 + 18406.527 + 18936.111 + 19309.449 + 19691.805) / 5 = €19038.6816 Mil.
Total Assets at the begining of this year (Mar25) was €18,850 Mil.
Long-Term Debt & Capital Lease Obligation was €12,573 Mil.
Total Current Assets was €1,701 Mil.
Total Current Liabilities was €1,175 Mil.
Net Income was 129.2 + -75.473 + -2687.042 + 46.26 = €-2,587 Mil.

Revenue was 486.672 + 483.993 + 495.16 + 466.451 = €1,932 Mil.
Gross Profit was 88.33 + 93.235 + 93.112 + 91.431 = €366 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(19167.596 + 19920.881 + 19915.995 + 19002.479 + 18849.516) / 5 = €19371.2934 Mil.
Total Assets at the begining of last year (Mar24) was €19,168 Mil.
Long-Term Debt & Capital Lease Obligation was €12,366 Mil.
Total Current Assets was €1,542 Mil.
Total Current Liabilities was €1,167 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.

Sunrun's current Net Income (TTM) was 490. ==> 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.

Sunrun's current Cash Flow from Operations (TTM) was -265. ==> 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 (Mar25)
=490.161/18849.516
=0.0260039

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-2587.055/19167.596
=-0.13497024

Sunrun's return on assets of this year was 0.0260039. Sunrun's return on assets of last year was -0.13497024. ==> 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.

Sunrun's current Net Income (TTM) was 490. Sunrun's current Cash Flow from Operations (TTM) was -265. ==> -265 <= 490 ==> 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
=12572.683/19038.6816
=0.66037572

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=12365.603/19371.2934
=0.63834679

Sunrun's gearing of this year was 0.66037572. Sunrun's gearing of last year was 0.63834679. ==> 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
=1700.54/1175.494
=1.44665987

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1542.172/1167.332
=1.32110831

Sunrun's current ratio of this year was 1.44665987. Sunrun's current ratio of last year was 1.32110831. ==> 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.

Sunrun's number of shares in issue this year was 272.345. Sunrun's number of shares in issue last year was 257.911. ==> 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
=873.079/2725.31
=0.32035952

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=366.108/1932.276
=0.18946983

Sunrun's gross margin of this year was 0.32035952. Sunrun's gross margin of last year was 0.18946983. ==> 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)
=2725.31/18849.516
=0.14458249

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1932.276/19167.596
=0.10080951

Sunrun's asset turnover of this year was 0.14458249. Sunrun's asset turnover of last year was 0.10080951. ==> 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+0+1+0+0+1+0+1+1
=5

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

Sunrun has an F-score of 5 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 5 mean?
Sunrun (WBO:RUN) has a Piotroski F-Score of 5 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Sunrun and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, Sunrun's Piotroski F-Score has ranged from 1.00 to 5.00. According to the industry distribution chart, Sunrun ranks #382 out of 989 companies in the Semiconductors industry, placing it in the top 38.6%.
Is Sunrun's Piotroski F-Score too high?
Sunrun's current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. The Semiconductors industry median Piotroski F-Score is 5.00. Sunrun's value of 5 is 0% at this industry median. Based on the distribution chart, Sunrun ranks #382 out of 989 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Sunrun has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sunrun's Piotroski F-Score compare to SEDG and SHLS?
According to the Semiconductors industry distribution chart, Sunrun ranks #382 out of 989 companies for Piotroski F-Score. This puts Sunrun in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Sunrun's value of 5 is 0% at this benchmark. Historically, Sunrun's own Piotroski F-Score has ranged from 1.00 to 5.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Sunrun has consistently been at 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 989 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. Sunrun's current Piotroski F-Score of 5 is 0% at 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 Sunrun 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. Sunrun's current Piotroski F-Score is 5, which is 67% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunrun stock overvalued right now?
Based on GuruFocus' analysis, Sunrun (WBO:RUN) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.47, compared to a current price of €11.48 — trading 14.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Semiconductors industry median of 5.00. Sunrun's 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 Sunrun (WBO:RUN), the current Piotroski F-Score is 5 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 Sunrun (WBO:RUN) Overvalued in 2026?

Based on GuruFocus' analysis, Sunrun stock appears to be undervalued. The current stock price of €11.48 is trading 14.8% below its estimated GF Value™ of €13.47. GuruFocus considers Sunrun to be Modestly Undervalued.

Key valuation signals for WBO:RUN:

  • Piotroski F-Score: 5 (67% above median its 10-year median of 3.00)
  • GF Value™: €13.47 vs. price of €11.48 (14.8% below fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 0% at the Semiconductors median (#382 of 989)

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


Sunrun Business Description

Address 600 California Street, Suite 1800, San Francisco, CA, USA, 94108
Sunrun is engaged in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. The company acquires customers directly and through relationships with various solar and strategic partners. The solar systems are constructed by Sunrun or by Sunrun's partners and are owned by the company. Sunrun's customers typically enter into 20- to 25-year agreements to utilize its solar energy system. The company also sells solar energy systems and products, such as panels and racking, and solar leads generated to customers.
69GF Score

Get the complete analysis for WBO:RUN

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

€11.48
Price
€13.47
GF Value