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Altinayvunma Teknolojileri ASIST:ALTNY -0.38%18 Piotroski F-Score is 6 as of Aug. 29, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates IST:ALTNY with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 325 Aerospace & Defense companies, Altinayvunma Teknolojileri AS ranks better than 71.38% 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
Altinayvunma Teknolojileri AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Altinayvunma Teknolojileri AS's Piotroski F-Score or its related term are showing as below:
IST:ALTNY'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 6
Current: 6
During the past 5 years, the highest Piotroski F-Score of Altinayvunma Teknolojileri AS was 6. The lowest was 1. And the median was 4.
Altinayvunma Teknolojileri AS (IST:ALTNY) 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.
Altinayvunma Teknolojileri AS Piotroski F-Score Related Terms
Altinayvunma Teknolojileri 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.
Altinayvunma Teknolojileri AS Piotroski F-Score Chart
IST:ALTNY vs SPCX, GE, RTX: Piotroski F-Score Comparison
For the Aerospace & Defense subindustry, Altinayvunma Teknolojileri 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.
Altinayvunma Teknolojileri AS Piotroski F-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Altinayvunma Teknolojileri AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Altinayvunma Teknolojileri 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.
Altinayvunma Teknolojileri AS's current Net Income (TTM) was 29.
==> 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.
Altinayvunma Teknolojileri AS's current Cash Flow from Operations (TTM) was 166.
==> 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.
Altinayvunma Teknolojileri AS's return on assets of this year was 0.0036264. Altinayvunma Teknolojileri AS's return on assets of last year was 0.00206209.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Altinayvunma Teknolojileri AS's gearing of this year was 0.04433347. Altinayvunma Teknolojileri AS's gearing of last year was 0.04686738.
==> 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
Altinayvunma Teknolojileri AS's current ratio of this year was 1.19762055. Altinayvunma Teknolojileri AS's current ratio of last year was 1.54585034.
==> 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.
Altinayvunma Teknolojileri AS's number of shares in issue this year was 1000. Altinayvunma Teknolojileri AS's number of shares in issue last year was 1000.
==> 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.
Altinayvunma Teknolojileri AS's gross margin of this year was 0.28283704. Altinayvunma Teknolojileri AS's gross margin of last year was 0.43909314.
==> 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
Altinayvunma Teknolojileri AS's asset turnover of this year was 0.40065675. Altinayvunma Teknolojileri AS's asset turnover of last year was 0.58670739.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Altinayvunma Teknolojileri AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Altinayvunma Teknolojileri AS (IST:ALTNY) has a Piotroski F-Score of 6 as of Aug. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Altinayvunma Teknolojileri AS and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Altinayvunma Teknolojileri AS's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Altinayvunma Teknolojileri AS ranks #93 out of 325 companies in the Aerospace & Defense industry, placing it in the top 28.6%.
Is Altinayvunma Teknolojileri AS's Piotroski F-Score too high?
Altinayvunma Teknolojileri AS's current Piotroski F-Score of 6 is 50% 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 Aerospace & Defense industry median Piotroski F-Score is 5.00. Altinayvunma Teknolojileri AS's value of 6 is 20% above this industry median. Based on the distribution chart, Altinayvunma Teknolojileri AS ranks #93 out of 325 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Altinayvunma Teknolojileri AS has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Altinayvunma Teknolojileri AS's Piotroski F-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Altinayvunma Teknolojileri AS ranks #93 out of 325 companies for Piotroski F-Score. This puts Altinayvunma Teknolojileri AS in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Altinayvunma Teknolojileri AS's value of 6 is 20% above this benchmark. Historically, Altinayvunma Teknolojileri 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, Altinayvunma Teknolojileri 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 an Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 325 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. Altinayvunma Teknolojileri AS's current Piotroski F-Score of 6 is 20% 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 Altinayvunma Teknolojileri AS and its competitors. For the Aerospace & Defense 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. Altinayvunma Teknolojileri AS's current Piotroski F-Score is 6, which is 50% 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 Altinayvunma Teknolojileri AS stock overvalued right now?
Altinayvunma Teknolojileri AS (IST:ALTNY) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Aerospace & Defense industry median of 5.00. Altinayvunma Teknolojileri AS's overall GF Score™ is 18/100 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 Altinayvunma Teknolojileri AS (IST:ALTNY), the current Piotroski F-Score is 6 as of Aug. 29, 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.
Altinay Savunma Teknolojileri AS is a company which has has been providing products and solutions in the fields of Motion Control Systems, Unmanned Systems, Stealth Systems, Weapon Systems, Ammunition Destruction, and Production Systems to various stakeholders in the government, private sector, and international markets.
18GF Score
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