The Home DepotXSWX:HD -0.82%83 Piotroski F-Score is 4 as of Jun. 24, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates XSWX:HD with a GF Score™ of 83/100 and a GF Value™ of CHF312.72. The stock has 3 warning signs investors should review. Among 1,101 Retail - Cyclical companies, The Home Depot 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
The Home Depot 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 The Home Depot's Piotroski F-Score or its related term are showing as below:
XSWX:HD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of The Home Depot was 8. The lowest was 4. And the median was 6.
The Home Depot (XSWX:HD) 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.
The Home Depot Piotroski F-Score Related Terms
The Home Depot Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for The Home Depot'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.
XSWX:HD vs LOW, FND, HVT: Piotroski F-Score Comparison
For the Home Improvement Retail subindustry, The Home Depot'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.
The Home Depot Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Home Depot's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where The Home Depot'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 (Apr26) TTM:
Last Year (Apr25) TTM:
Net Income was 3635.794 + 2871.797 + 2029.547 + 2590.416 = CHF11,128 Mil. Cash Flow from Operations was 3709.293 + 3197.975 + 2642.122 + 4750.803 = CHF14,300 Mil. Revenue was 36171.795 + 32978.22 + 30153.501 + 32894.114 = CHF132,198 Mil. Gross Profit was 12083.363 + 11017.462 + 9840.66 + 10853.916 = CHF43,795 Mil.
Average Total Assets from the begining of this year (Apr25)
to the end of this year (Apr26) was
(82667.191 + 79929.146 + 84753.515 + 82961.993 + 84985.19) / 5 = CHF83059.407 Mil. Total Assets at the begining of this year (Apr25) was CHF82,667 Mil. Long-Term Debt & Capital Lease Obligation was CHF41,736 Mil. Total Current Assets was CHF29,277 Mil. Total Current Liabilities was CHF28,023 Mil.
Net Income was 4067.044 + 3142.022 + 2726.071 + 2862.092 = CHF12,797 Mil.
Revenue was 38499.148 + 34638.902 + 36114.758 + 33227.947 = CHF142,481 Mil. Gross Profit was 12854.747 + 11562.952 + 11855.726 + 11220.768 = CHF47,494 Mil.
Average Total Assets from the begining of last year (Apr24)
to the end of last year (Apr25) was
(72091.377 + 86357.578 + 83773.483 + 87429.842 + 82667.191) / 5 = CHF82463.8942 Mil. Total Assets at the begining of last year (Apr24) was CHF72,091 Mil. Long-Term Debt & Capital Lease Obligation was CHF45,901 Mil. Total Current Assets was CHF28,787 Mil. Total Current Liabilities was CHF26,336 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.
The Home Depot's current Net Income (TTM) was 11,128.
==> 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.
The Home Depot's return on assets of this year was 0.13460665. The Home Depot's return on assets of last year was 0.177514.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
The Home Depot's gearing of this year was 0.50248973. The Home Depot's gearing of last year was 0.55661961.
==> 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
The Home Depot's current ratio of this year was 1.04474423. The Home Depot's current ratio of last year was 1.09307037.
==> 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.
The Home Depot's number of shares in issue this year was 996. The Home Depot's number of shares in issue last year was 994.
==> 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.
The Home Depot's gross margin of this year was 0.33128734. The Home Depot's gross margin of last year was 0.3333376.
==> Last year's gross margin is higher ==> Score 0.
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
The Home Depot's asset turnover of this year was 1.59915474. The Home Depot's asset turnover of last year was 1.97639109.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
The Home Depot has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The Home Depot (XSWX:HD) 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 The Home Depot and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, The Home Depot's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, The Home Depot ranks #783 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 71.1%.
Is The Home Depot's Piotroski F-Score too high?
The Home Depot's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. 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. The Home Depot's value of 4 is 20% below this industry median. Based on the distribution chart, The Home Depot ranks #783 out of 1101 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, The Home Depot has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does The Home Depot's Piotroski F-Score compare to LOW and FND?
According to the Retail - Cyclical industry distribution chart, The Home Depot ranks #783 out of 1101 companies for Piotroski F-Score. This places The Home Depot in the lower half of its industry. The industry median Piotroski F-Score is 5.00. The Home Depot's value of 4 is 20% below this benchmark. Historically, The Home Depot'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 6.00 vs. the industry median of 5.00, The Home Depot 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. The Home Depot'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 The Home Depot 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. The Home Depot's current Piotroski F-Score is 4, which is 33% below 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 The Home Depot stock overvalued right now?
The Home Depot (XSWX:HD) has a current Piotroski F-Score of 4. The stock's GF Value™ is CHF312.72, compared to a current price of CHF266.14 — trading 14.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Retail - Cyclical industry median of 5.00. The Home Depot's overall GF Score™ is 83/100 with 3 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 The Home Depot (XSWX:HD), 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 The Home Depot (XSWX:HD) Overvalued in 2026?
Based on GuruFocus' analysis, The Home Depot stock appears to be undervalued.
The current stock price of CHF266.14 is trading 14.9% below its estimated GF Value™ of CHF312.72.
Key valuation signals for XSWX:HD:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: CHF312.72 vs. price of CHF266.14 (14.9% below fair value)
Industry Position: 20% below the Retail - Cyclical median (#783 of 1101)
No single metric tells the full story. See the XSWX:HD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Home Depot is the world's largest home improvement specialty retailer, operating 2,361 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the US, Canada, and Mexico. Its stores offer building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of Interline Brands in 2015 allowed Home Depot to enter the MRO business, which has been expanded through the tie-up with HD Supply (2020). The 2024 tie-up with SRS will help grow professional demand in roofing, pool, and landscaping projects, while the 2025 purchase of GMS will lift building product sales through 1,250 distribution locations.
83GF Score
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