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Grainturk Holding ASIST:GRTHO -0.54%63 Piotroski F-Score is 4 as of Aug. 22, 2026, which is at its 10-year median of 4.00. GuruFocus rates IST:GRTHO with a GF Score™ of 63/100. The stock has 5 warning signs investors should review. Among 1,913 Consumer Packaged Goods companies, Grainturk Holding AS ranks worse than 68.32% 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
Grainturk Holding AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Grainturk Holding AS's Piotroski F-Score or its related term are showing as below:
IST:GRTHO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 8
Current: 4
During the past 6 years, the highest Piotroski F-Score of Grainturk Holding AS was 8. The lowest was 3. And the median was 4.
Grainturk Holding AS (IST:GRTHO) 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.
Grainturk Holding AS Piotroski F-Score Related Terms
Grainturk Holding AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Grainturk 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:GRTHO vs ADM, BG, TSN: Piotroski F-Score Comparison
For the Farm Products subindustry, Grainturk 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.
Grainturk Holding AS Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Grainturk Holding AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Grainturk 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 440.012 + 896.32 + 200.347 + 209.82 = ₺1,746 Mil. Cash Flow from Operations was 388.424 + 1796.815 + -1632.275 + 179.248 = ₺732 Mil. Revenue was 1361.553 + 1381.356 + 1720.346 + 2573.084 = ₺7,036 Mil. Gross Profit was 175.164 + 268.77 + 242.932 + 140.961 = ₺828 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(6923.127 + 9121.164 + 10400.715 + 11875.241 + 12848.388) / 5 = ₺10233.727 Mil. Total Assets at the begining of this year (Jun25) was ₺6,923 Mil. Long-Term Debt & Capital Lease Obligation was ₺113 Mil. Total Current Assets was ₺4,215 Mil. Total Current Liabilities was ₺1,427 Mil.
Net Income was 497.902 + 221.483 + 206.584 + 342.445 = ₺1,268 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.
Grainturk Holding AS's current Net Income (TTM) was 1,746.
==> 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.
Grainturk Holding AS's return on assets of this year was 0.25227025. Grainturk Holding AS's return on assets of last year was 0.30913395.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Grainturk Holding AS's gearing of this year was 0.01103381. Grainturk Holding AS's gearing of last year was 0.0218323.
==> 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
Grainturk Holding AS's current ratio of this year was 2.95433521. Grainturk Holding AS's current ratio of last year was 4.98680916.
==> 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.
Grainturk Holding AS's number of shares in issue this year was 125. Grainturk Holding AS's number of shares in issue last year was 125.
==> 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.
Grainturk Holding AS's gross margin of this year was 0.11765024. Grainturk Holding AS's gross margin of last year was 0.11886693.
==> 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
Grainturk Holding AS's asset turnover of this year was 1.01635273. Grainturk Holding AS's asset turnover of last year was 1.99961907.
==> 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
Grainturk Holding AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Grainturk Holding AS (IST:GRTHO) has a Piotroski F-Score of 4 as of Aug. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Grainturk Holding AS and its competitors. This is near median its historical median of 4.00. Over the past decade, Grainturk Holding AS's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Grainturk Holding AS ranks #1307 out of 1913 companies in the Consumer Packaged Goods industry, placing it in the top 68.3%.
Is Grainturk Holding AS's Piotroski F-Score too high?
Grainturk Holding AS's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Grainturk Holding AS's value of 4 is 20% below this industry median. Based on the distribution chart, Grainturk Holding AS ranks #1307 out of 1913 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Grainturk Holding AS has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Grainturk Holding AS's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Grainturk Holding AS ranks #1307 out of 1913 companies for Piotroski F-Score. This places Grainturk Holding AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Grainturk Holding AS's value of 4 is 20% below this benchmark. Historically, Grainturk 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 4.00 vs. the industry median of 5.00, Grainturk Holding AS has consistently been below 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 1,913 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. Grainturk Holding AS's current Piotroski F-Score of 4 is 20% below 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 Grainturk Holding 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. Grainturk Holding AS's current Piotroski F-Score is 4, which is near 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 Grainturk Holding AS stock overvalued right now?
Grainturk Holding AS (IST:GRTHO) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Grainturk Holding AS's overall GF Score™ is 63/100 with 5 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 Grainturk Holding AS (IST:GRTHO), the current Piotroski F-Score is 4 as of Aug. 22, 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.
Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.
63GF Score
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