Guler Yatirim Holding ASIST:GLRYH -3.31%82 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates IST:GLRYH with a GF Score™ of 82/100 and a GF Value™ of ₺2.90 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,597 Asset Management companies, Guler Yatirim Holding AS ranks better than 99.25% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Guler Yatirim Holding AS has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Guler Yatirim Holding AS's Piotroski F-Score or its related term are showing as below:
IST:GLRYH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Guler Yatirim Holding AS was 8. The lowest was 3. And the median was 5.
Guler Yatirim Holding AS (IST:GLRYH) 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.
Guler Yatirim Holding AS Piotroski F-Score Related Terms
Guler Yatirim Holding 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.
IST:GLRYH vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Guler Yatirim 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.
Guler Yatirim Holding AS Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Guler Yatirim Holding AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Guler Yatirim 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 182.396 + 118.792 + 681.945 + -347.988 = ₺635 Mil. Cash Flow from Operations was -1868.468 + 917.41 + 989.126 + 1273.928 = ₺1,312 Mil. Revenue was 5782.918 + 11754.413 + 10410.035 + 6960.55 = ₺34,908 Mil. Gross Profit was 2395.378 + 1960.505 + 4425.559 + 305.876 = ₺9,087 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(17758.422 + 21328.761 + 24704.693 + 27642.882 + 25917.588) / 5 = ₺23470.4692 Mil. Total Assets at the begining of this year (Mar25) was ₺17,758 Mil. Long-Term Debt & Capital Lease Obligation was ₺491 Mil. Total Current Assets was ₺15,753 Mil. Total Current Liabilities was ₺6,164 Mil.
Net Income was 44.268 + -77.205 + 5.136 + 228.029 = ₺200 Mil.
Revenue was 21079.388 + 4926.418 + 8252.529 + 6506.519 = ₺40,765 Mil. Gross Profit was 1478.1 + 582.028 + 2170.979 + 1447.018 = ₺5,678 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(13014.934 + 13640.027 + 14785.297 + 20508.518 + 17758.422) / 5 = ₺15941.4396 Mil. Total Assets at the begining of last year (Mar24) was ₺13,015 Mil. Long-Term Debt & Capital Lease Obligation was ₺577 Mil. Total Current Assets was ₺9,612 Mil. Total Current Liabilities was ₺5,059 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.
Guler Yatirim Holding AS's current Net Income (TTM) was 635.
==> 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.
Guler Yatirim Holding AS's current Cash Flow from Operations (TTM) was 1,312.
==> 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.
Guler Yatirim Holding AS's return on assets of this year was 0.03576585. Guler Yatirim Holding AS's return on assets of last year was 0.01538448.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Guler Yatirim Holding AS's gearing of this year was 0.020913. Guler Yatirim Holding AS's gearing of last year was 0.03619121.
==> 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
Guler Yatirim Holding AS's current ratio of this year was 2.5555531. Guler Yatirim Holding AS's current ratio of last year was 1.90022771.
==> 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.
Guler Yatirim Holding AS's number of shares in issue this year was 600. Guler Yatirim Holding AS's number of shares in issue last year was 600.
==> 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.
Guler Yatirim Holding AS's gross margin of this year was 0.26032256. Guler Yatirim Holding AS's gross margin of last year was 0.13928972.
==> 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
Guler Yatirim Holding AS's asset turnover of this year was 1.96571047. Guler Yatirim Holding AS's asset turnover of last year was 3.13215987.
==> 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
Guler Yatirim Holding AS has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Guler Yatirim Holding AS (IST:GLRYH) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Guler Yatirim Holding AS and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Guler Yatirim Holding AS's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Guler Yatirim Holding AS ranks #12 out of 1597 companies in the Asset Management industry, placing it in the top 0.8%.
Is Guler Yatirim Holding AS's Piotroski F-Score too high?
Guler Yatirim Holding AS's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Asset Management industry median Piotroski F-Score is 5.00. Guler Yatirim Holding AS's value of 8 is 60% above this industry median. Based on the distribution chart, Guler Yatirim Holding AS ranks #12 out of 1597 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Guler Yatirim Holding AS has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guler Yatirim Holding AS's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Guler Yatirim Holding AS ranks #12 out of 1597 companies for Piotroski F-Score. This places Guler Yatirim Holding AS in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Guler Yatirim Holding AS's value of 8 is 60% above this benchmark. Historically, Guler Yatirim Holding AS's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Guler Yatirim 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,597 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. Guler Yatirim Holding AS's current Piotroski F-Score of 8 is 60% 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 Guler Yatirim Holding AS and its competitors. For the Asset Management 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. Guler Yatirim Holding AS's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guler Yatirim Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Guler Yatirim Holding AS (IST:GLRYH) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺2.90, compared to a current price of ₺3.21 — trading 10.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Asset Management industry median of 5.00. Guler Yatirim Holding AS's overall GF Score™ is 82/100 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 Guler Yatirim Holding AS (IST:GLRYH), the current Piotroski F-Score is 8 as of Jun. 26, 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 Guler Yatirim Holding AS (IST:GLRYH) Overvalued in 2026?
Based on GuruFocus' analysis, Guler Yatirim Holding AS stock appears to be overvalued.
The current stock price of ₺3.21 is trading 10.7% above its estimated GF Value™ of ₺2.90.
GuruFocus considers Guler Yatirim Holding AS to be Modestly Overvalued.
Key valuation signals for IST:GLRYH:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: ₺2.90 vs. price of ₺3.21 (10.7% above fair value)
Industry Position: 60% above the Asset Management median (#12 of 1597)
No single metric tells the full story. See the IST:GLRYH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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