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Alarko Holding ASIST:ALARK +2.32%44 Piotroski F-Score is 7 as of Sep. 03, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates IST:ALARK with a GF Score™ of 44/100 and a GF Value™ of ₺98.76 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 541 Conglomerates companies, Alarko Holding AS ranks better than 89.65% 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
Alarko Holding AS 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 Alarko Holding AS's Piotroski F-Score or its related term are showing as below:
IST:ALARK'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Alarko Holding AS was 9. The lowest was 2. And the median was 6.
Alarko Holding AS (IST:ALARK) 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.
Alarko Holding AS Piotroski F-Score Related Terms
Alarko Holding AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Alarko Holding AS'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.
IST:ALARK vs MMM, HON: Piotroski F-Score Comparison
For the Conglomerates subindustry, Alarko Holding 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.
Alarko Holding AS Piotroski F-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Alarko Holding AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Alarko Holding 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.
This Year (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 3161.088 + -889.649 + 153.065 + 4195.43 = ₺6,620 Mil. Cash Flow from Operations was 1211.916 + -2436.906 + -280.813 + 10594.547 = ₺9,089 Mil. Revenue was 3071.113 + 1699.367 + 2072.743 + 3361.955 = ₺10,205 Mil. Gross Profit was 740.1 + -393.815 + 2.156 + 197.181 = ₺546 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(108498.901 + 121812.437 + 125613.521 + 137866.642 + 167514.313) / 5 = ₺132261.1628 Mil. Total Assets at the begining of this year (Jun25) was ₺108,499 Mil. Long-Term Debt & Capital Lease Obligation was ₺11,903 Mil. Total Current Assets was ₺50,456 Mil. Total Current Liabilities was ₺47,960 Mil.
Net Income was 1902.16 + 2607.597 + -2873.535 + -950.229 = ₺686 Mil.
Revenue was 3046.364 + 950.294 + 1641.283 + 3034.487 = ₺8,672 Mil. Gross Profit was 1038.295 + -1227.701 + 10.652 + -221.973 = ₺-401 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(76581.442 + 84550.357 + 122956.401 + 100547.58 + 108498.901) / 5 = ₺98626.9362 Mil. Total Assets at the begining of last year (Jun24) was ₺76,581 Mil. Long-Term Debt & Capital Lease Obligation was ₺9,917 Mil. Total Current Assets was ₺20,206 Mil. Total Current Liabilities was ₺21,335 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.
Alarko Holding AS's current Net Income (TTM) was 6,620.
==> 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.
Alarko Holding AS's return on assets of this year was 0.06101383. Alarko Holding AS's return on assets of last year was 0.00895769.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Alarko Holding AS's gearing of this year was 0.08999558. Alarko Holding AS's gearing of last year was 0.10055236.
==> 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
Alarko Holding AS's current ratio of this year was 1.05203139. Alarko Holding AS's current ratio of last year was 0.94707834.
==> 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.
Alarko Holding AS's number of shares in issue this year was 412.861. Alarko Holding AS's number of shares in issue last year was 407.018.
==> 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.
Alarko Holding AS's gross margin of this year was 0.05346521. Alarko Holding AS's gross margin of last year was -0.04620701.
==> 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
Alarko Holding AS's asset turnover of this year was 0.09405789. Alarko Holding AS's asset turnover of last year was 0.11324451.
==> 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
Alarko Holding AS has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Alarko Holding AS (IST:ALARK) has a Piotroski F-Score of 7 as of Sep. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alarko Holding AS and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Alarko Holding AS's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Alarko Holding AS ranks #56 out of 541 companies in the Conglomerates industry, placing it in the top 10.4%.
Is Alarko Holding AS's Piotroski F-Score too high?
Alarko Holding AS's 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 2.00 to a high of 9.00. The Conglomerates industry median Piotroski F-Score is 6.00. Alarko Holding AS's value of 7 is 16.7% above this industry median. Based on the distribution chart, Alarko Holding AS ranks #56 out of 541 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Alarko Holding AS has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alarko Holding AS's Piotroski F-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Alarko Holding AS ranks #56 out of 541 companies for Piotroski F-Score. This places Alarko Holding AS in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Alarko Holding AS's value of 7 is 16.7% above this benchmark. Historically, Alarko Holding AS's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Alarko Holding AS 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 6.00, based on 541 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. Alarko Holding AS'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 Alarko Holding AS and its competitors. For the Conglomerates 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. Alarko Holding AS'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 Alarko Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Alarko Holding AS (IST:ALARK) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺98.76, compared to a current price of ₺110.40 — trading 11.8% above 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 Conglomerates industry median of 6.00. Alarko Holding AS's overall GF Score™ is 44/100 with 11 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 Alarko Holding AS (IST:ALARK), the current Piotroski F-Score is 7 as of Sep. 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 Alarko Holding AS (IST:ALARK) Overvalued in 2026?
Based on GuruFocus' analysis, Alarko Holding AS stock appears to be overvalued.
The current stock price of ₺110.40 is trading 11.8% above its estimated GF Value™ of ₺98.76.
GuruFocus considers Alarko Holding AS to be Modestly Overvalued.
Key valuation signals for IST:ALARK:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: ₺98.76 vs. price of ₺110.40 (11.8% above fair value)
Industry Position: 16.7% above the Conglomerates median (#56 of 541)
No single metric tells the full story. See the IST:ALARK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alarko Holding AS is a holding company consisting of companies that operate in contracting, construction, land development, industry, trade, tourism, and energy. The company's segments include holding, tourism, industry and merchandising, energy, contracting/land development. Its contracting group operates as a general contractor in Turkey and abroad and carries out airport and rail system projects, large scale infrastructure works, constructions of industrial plants, hospitals, and other such projects. The majority of the revenue is derived from the contracting and land development segment.
44GF Score
Get the complete analysis for IST:ALARK
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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