Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS (IST:AVOD) 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS Piotroski F-Score Related Terms
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS Piotroski F-Score Chart
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS Annual Data
* 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS Piotroski F-Score vs Consumer Packaged Goods Industry
* 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's current Net Income (TTM) was -153.
==> 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's current Cash Flow from Operations (TTM) was 315.
==> 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's return on assets of this year was -0.06318358. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's return on assets of last year was -0.17933161.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's gearing of this year was 0.0247983. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's gearing of last year was 0.05593639.
==> 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
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's current ratio of this year was 1.21138124. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's current ratio of last year was 1.47418114.
==> 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's number of shares in issue this year was 270. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's number of shares in issue last year was 270.
==> 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.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's gross margin of this year was 0.13146056. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's gross margin of last year was 0.10645424.
==> 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
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's asset turnover of this year was 0.69993045. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's asset turnover of last year was 0.98985628.
==> 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
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS (IST:AVOD) has a Piotroski F-Score of 6 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS ranks #510 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's Piotroski F-Score too high?
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret 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 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's value of 6 is 20% above this industry median. Based on the distribution chart, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS ranks #510 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS has a GF Score™ of 41/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS ranks #510 out of 1909 companies for Piotroski F-Score. This puts AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS in the upper half of its industry. The industry median Piotroski F-Score is 5.00. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's value of 6 is 20% above this benchmark. Historically, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret 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 AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS and its competitors. For the Consumer Packaged Goods 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. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret 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 AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS (IST:AVOD) is currently considered Fairly Valued. The stock's GF Value™ is ₺3.74, compared to a current price of ₺4.12 — trading 10.2% above its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Consumer Packaged Goods industry median of 5.00. AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS's overall GF Score™ is 41/100 with 9 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 AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS (IST:AVOD), the current Piotroski F-Score is 6 as of Jun. 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.
Is AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS (IST:AVOD) Overvalued in 2026?
Based on GuruFocus' analysis, AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS stock appears to be overvalued.
The current stock price of ₺4.12 is trading 10.2% above its estimated GF Value™ of ₺3.74.
GuruFocus considers AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS to be Fairly Valued.
Key valuation signals for IST:AVOD:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: ₺3.74 vs. price of ₺4.12 (10.2% above fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#510 of 1909)
No single metric tells the full story. See the IST:AVOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AVOD Kurutulmus Gida ve Tarim Urunlerinayi Ticaret AS Business Description
AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS is engaged in the production and wholesale trade of dried vegetables and derivatives. Its products include tomatoes, capsicums, eggplants, olives, capers, a wide range of peppers, honey and herbs.
41GF Score
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