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Anadolu Anonim Turk Sigorta Sirketi (IST:ANSGR) 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.
Anadolu Anonim Turk Sigorta Sirketi Piotroski F-Score Related Terms
Anadolu Anonim Turk Sigorta Sirketi 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.
Anadolu Anonim Turk Sigorta Sirketi Piotroski F-Score Chart
IST:ANSGR vs BRK.A, AIG, HIG: Piotroski F-Score Comparison
For the Insurance - Diversified subindustry, Anadolu Anonim Turk Sigorta Sirketi'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.
Anadolu Anonim Turk Sigorta Sirketi Piotroski F-Score vs Insurance Industry
For the Insurance industry and Financial Services sector, Anadolu Anonim Turk Sigorta Sirketi's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Anadolu Anonim Turk Sigorta Sirketi'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 (Mar25) TTM:
Net Income was 3242.84 + 3737.266 + 4473.643 + 3931.857 = ₺15,386 Mil. Cash Flow from Operations was -101.868 + -2742.951 + 9565.472 + 0 = ₺6,721 Mil. Revenue was 20718.278 + 24983.121 + 27740.552 + 28167.523 = ₺101,609 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Jun26) was
(101350.749 + 107087.825 + 116685.878 + 128693.25 + 145266.201) / 5 = ₺119816.7806 Mil. Total Assets at the begining of this year (Mar25) was ₺101,351 Mil. Long-Term Debt & Capital Lease Obligation was ₺135 Mil. Total Assets was ₺145,266 Mil. Total Liabilities was ₺105,220 Mil.
Net Income was 2815.233 + 2596.779 + 3260.028 + 1977.496 = ₺10,650 Mil.
Revenue was 14218.048 + 15652.537 + 17676.976 + 17490.629 = ₺65,038 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(66476.973 + 72205.212 + 77239.05 + 89267.932 + 101350.749) / 5 = ₺81307.9832 Mil. Total Assets at the begining of last year (Mar24) was ₺66,477 Mil. Long-Term Debt & Capital Lease Obligation was ₺148 Mil. Total Assets was ₺101,351 Mil. Total Liabilities was ₺78,115 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.
Anadolu Anonim Turk Sigorta Sirketi's current Net Income (TTM) was 15,386.
==> 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.
Anadolu Anonim Turk Sigorta Sirketi's current Cash Flow from Operations (TTM) was 6,721.
==> 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.
Anadolu Anonim Turk Sigorta Sirketi's return on assets of this year was 0.15180555. Anadolu Anonim Turk Sigorta Sirketi's return on assets of last year was 0.16019887.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Anadolu Anonim Turk Sigorta Sirketi's gearing of this year was 0.00113018. Anadolu Anonim Turk Sigorta Sirketi's gearing of last year was 0.00182395.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Anadolu Anonim Turk Sigorta Sirketi's current ratio of this year was 1.38058841. Anadolu Anonim Turk Sigorta Sirketi's current ratio of last year was 1.2974548.
==> 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.
Anadolu Anonim Turk Sigorta Sirketi's number of shares in issue this year was 2000. Anadolu Anonim Turk Sigorta Sirketi's number of shares in issue last year was 2000.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Anadolu Anonim Turk Sigorta Sirketi's net margin of this year was 0.15141901. Anadolu Anonim Turk Sigorta Sirketi's net margin of last year was 0.16374281.
==> Last year's net 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
Anadolu Anonim Turk Sigorta Sirketi's asset turnover of this year was 1.00255277. Anadolu Anonim Turk Sigorta Sirketi's asset turnover of last year was 0.97835667.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
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Que. 2
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Que. 4
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Que. 6
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Que. 7
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1
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1
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0
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0
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1
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=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Anadolu Anonim Turk Sigorta Sirketi has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Anadolu Anonim Turk Sigorta Sirketi (IST:ANSGR) has a Piotroski F-Score of 6 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Anadolu Anonim Turk Sigorta Sirketi and its competitors. This is near median its historical median of 6.00. Over the past decade, Anadolu Anonim Turk Sigorta Sirketi's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Anadolu Anonim Turk Sigorta Sirketi ranks #179 out of 488 companies in the Insurance industry, placing it in the top 36.7%.
Is Anadolu Anonim Turk Sigorta Sirketi's Piotroski F-Score too high?
Anadolu Anonim Turk Sigorta Sirketi's current Piotroski F-Score of 6 is near 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 9.00. The Insurance industry median Piotroski F-Score is 6.00. Anadolu Anonim Turk Sigorta Sirketi's value of 6 is 0% at this industry median. Based on the distribution chart, Anadolu Anonim Turk Sigorta Sirketi ranks #179 out of 488 companies in the Insurance industry, which is above the industry midpoint. Overall, Anadolu Anonim Turk Sigorta Sirketi has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Anadolu Anonim Turk Sigorta Sirketi's Piotroski F-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Anadolu Anonim Turk Sigorta Sirketi ranks #179 out of 488 companies for Piotroski F-Score. This puts Anadolu Anonim Turk Sigorta Sirketi in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Anadolu Anonim Turk Sigorta Sirketi's value of 6 is 0% at this benchmark. Historically, Anadolu Anonim Turk Sigorta Sirketi's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Anadolu Anonim Turk Sigorta Sirketi 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 an Insurance company?
The median Piotroski F-Score among Insurance companies is 6.00, based on 488 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. Anadolu Anonim Turk Sigorta Sirketi's current Piotroski F-Score of 6 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 Anadolu Anonim Turk Sigorta Sirketi and its competitors. For the Insurance 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. Anadolu Anonim Turk Sigorta Sirketi's current Piotroski F-Score is 6, which is near 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 Anadolu Anonim Turk Sigorta Sirketi stock overvalued right now?
Based on GuruFocus' analysis, Anadolu Anonim Turk Sigorta Sirketi (IST:ANSGR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺45.50, compared to a current price of ₺28.50 — trading 37.4% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 0% at the Insurance industry median of 6.00. Anadolu Anonim Turk Sigorta Sirketi's overall GF Score™ is 78/100 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 Anadolu Anonim Turk Sigorta Sirketi (IST:ANSGR), the current Piotroski F-Score is 6 as of Aug. 23, 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 Anadolu Anonim Turk Sigorta Sirketi (IST:ANSGR) Overvalued in 2026?
Based on GuruFocus' analysis, Anadolu Anonim Turk Sigorta Sirketi stock appears to be undervalued.
The current stock price of ₺28.50 is trading 37.4% below its estimated GF Value™ of ₺45.50.
GuruFocus considers Anadolu Anonim Turk Sigorta Sirketi to be Significantly Undervalued.
Key valuation signals for IST:ANSGR:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: ₺45.50 vs. price of ₺28.50 (37.4% below fair value)
Industry Position: 0% at the Insurance median (#179 of 488)
No single metric tells the full story. See the IST:ANSGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anadolu Anonim Turk Sigorta Sirketi is Turkish insurance company. The company offers health insurance, fire and natural disaster insurance and motor vehicle insurance. Insurance provided for fire and natural disasters covers material damages occurred due to fire, lightening, explosion or smoke, steam, and temperature resulted from fire, lightning, and explosion up to insurance policy limits. Motor vehicle insurance covers accident with the motorized or non-motorized vehicles which used in highways, crash with fixed or moving items, theft or attempted theft and burn. Health insurance covers treatment costs of illnesses or accidental injuries during the period of insurance. The company operates its business solely in Turkey. Most of the company's revenue consists of premium received.
78GF Score
Get the complete analysis for IST:ANSGR
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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