Hurriyet Gazetecilik ve Matbaacilik AS (OTCPK:HURRY) 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.
Hurriyet Gazetecilik ve Matbaacilik AS Piotroski F-Score Related Terms
Hurriyet Gazetecilik ve Matbaacilik AS Piotroski F-Score Historical Data
* 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.
Hurriyet Gazetecilik ve Matbaacilik AS Piotroski F-Score Chart
Hurriyet Gazetecilik ve Matbaacilik AS Annual Data
For the Publishing subindustry, Hurriyet Gazetecilik ve Matbaacilik AS'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.
Hurriyet Gazetecilik ve Matbaacilik AS Piotroski F-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Hurriyet Gazetecilik ve Matbaacilik AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Hurriyet Gazetecilik ve Matbaacilik AS'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.
*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.
Hurriyet Gazetecilik ve Matbaacilik AS's current Net Income (TTM) was -26.13.
==> 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.
Hurriyet Gazetecilik ve Matbaacilik AS's current Cash Flow from Operations (TTM) was -23.86.
==> 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.
Hurriyet Gazetecilik ve Matbaacilik AS's return on assets of this year was -0.20423251. Hurriyet Gazetecilik ve Matbaacilik AS's return on assets of last year was -0.29805552.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Hurriyet Gazetecilik ve Matbaacilik AS's gearing of this year was 0.01186721. Hurriyet Gazetecilik ve Matbaacilik AS's gearing of last year was 0.01887007.
==> 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
Hurriyet Gazetecilik ve Matbaacilik AS's current ratio of this year was 1.18212987. Hurriyet Gazetecilik ve Matbaacilik AS's current ratio of last year was 0.59929875.
==> 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.
Hurriyet Gazetecilik ve Matbaacilik AS's number of shares in issue this year was 29.599. Hurriyet Gazetecilik ve Matbaacilik AS's number of shares in issue last year was 29.603.
==> 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.
Hurriyet Gazetecilik ve Matbaacilik AS's gross margin of this year was -0.19638516. Hurriyet Gazetecilik ve Matbaacilik AS's gross margin of last year was -0.06811955.
==> 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
Hurriyet Gazetecilik ve Matbaacilik AS's asset turnover of this year was 0.22180804. Hurriyet Gazetecilik ve Matbaacilik AS's asset turnover of last year was 0.31510039.
==> 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
+
1
+
1
+
1
+
1
+
0
+
0
=
5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Hurriyet Gazetecilik ve Matbaacilik AS has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Hurriyet Gazetecilik ve Matbaacilik AS (HURRY) has a Piotroski F-Score of 5 as of Jul. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Hurriyet Gazetecilik ve Matbaacilik AS and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Hurriyet Gazetecilik ve Matbaacilik AS's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Hurriyet Gazetecilik ve Matbaacilik AS ranks #402 out of 1003 companies in the Media - Diversified industry, placing it in the top 40.1%.
Is Hurriyet Gazetecilik ve Matbaacilik AS's Piotroski F-Score too high?
Hurriyet Gazetecilik ve Matbaacilik AS's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Media - Diversified industry median Piotroski F-Score is 5.00. Hurriyet Gazetecilik ve Matbaacilik AS's value of 5 is 0% at this industry median. Based on the distribution chart, Hurriyet Gazetecilik ve Matbaacilik AS ranks #402 out of 1003 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Hurriyet Gazetecilik ve Matbaacilik AS has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Hurriyet Gazetecilik ve Matbaacilik AS's Piotroski F-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Hurriyet Gazetecilik ve Matbaacilik AS ranks #402 out of 1003 companies for Piotroski F-Score. This puts Hurriyet Gazetecilik ve Matbaacilik AS in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Hurriyet Gazetecilik ve Matbaacilik AS's value of 5 is 0% at this benchmark. Historically, Hurriyet Gazetecilik ve Matbaacilik AS's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Hurriyet Gazetecilik ve Matbaacilik AS 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 Media - Diversified company?
The median Piotroski F-Score among Media - Diversified companies is 5.00, based on 1,003 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. Hurriyet Gazetecilik ve Matbaacilik AS'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 Hurriyet Gazetecilik ve Matbaacilik AS and its competitors. For the Media - Diversified 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. Hurriyet Gazetecilik ve Matbaacilik AS's current Piotroski F-Score is 5, which is 25% above 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 Hurriyet Gazetecilik ve Matbaacilik AS stock overvalued right now?
Hurriyet Gazetecilik ve Matbaacilik AS (HURRY) has a current Piotroski F-Score of 5. The stock's GF Value™ is $2.28, compared to a current price of $3.00 — trading 31.6% above its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Media - Diversified industry median of 5.00. Hurriyet Gazetecilik ve Matbaacilik AS's overall GF Score™ is 32/100 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 Hurriyet Gazetecilik ve Matbaacilik AS (HURRY), the current Piotroski F-Score is 5 as of Jul. 09, 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 Hurriyet Gazetecilik ve Matbaacilik AS (HURRY) Overvalued in 2026?
Based on GuruFocus' analysis, Hurriyet Gazetecilik ve Matbaacilik AS stock appears to be overvalued.
The current stock price of $3.00 is trading 31.6% above its estimated GF Value™ of $2.28.
Key valuation signals for HURRY:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: $2.28 vs. price of $3.00 (31.6% above fair value)
Industry Position: 0% at the Media - Diversified median (#402 of 1003)
No single metric tells the full story. See the HURRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hurriyet Gazetecilik ve Matbaacilik AS Business Description
Hurriyet Gazetecilik ve Matbaacilik AS is a Turkey-based company engaged in the media sector. It offers services such as printing, distribution, Internet services, book publishing, and advertising domestically, and internationally. Geographical segments include Turkey, Russia and EE and Europe. It derives a majority of its revenue from Turkey. Its core business is journalism, It has expanded into printing, distribution, online services, book publishing, classified ads, TV productions and marketing over the years through its domestic and overseas subsidiaries and affiliates, in keeping with developments and requirements of the sector.
32GF Score
Get the complete analysis for HURRY
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HURRY has been successfully added to your 
