Kuzey Boru ASIST:KBORU +4.78%52 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates IST:KBORU with a GF Score™ of 52/100. The stock has 14 warning signs investors should review. Among 394 Building Materials companies, Kuzey Boru AS ranks worse than 71.07% 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
Kuzey Boru 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 Kuzey Boru AS's Piotroski F-Score or its related term are showing as below:
IST:KBORU'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 4
Current: 4
During the past 6 years, the highest Piotroski F-Score of Kuzey Boru AS was 4. The lowest was 2. And the median was 3.
Kuzey Boru AS (IST:KBORU) 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.
Kuzey Boru AS Piotroski F-Score Related Terms
Kuzey Boru AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Kuzey Boru 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:KBORU vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, Kuzey Boru 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.
Kuzey Boru AS Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Kuzey Boru AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Kuzey Boru 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 342.521 + 14.613 + 26.555 + 229.986 = ₺614 Mil. Cash Flow from Operations was -331.074 + -374.55 + -240.843 + 1323.176 = ₺377 Mil. Revenue was 1259.359 + 1119.891 + 1554.415 + 2044.094 = ₺5,978 Mil. Gross Profit was 253.978 + 401.958 + 220.293 + 360.662 = ₺1,237 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(6420.466 + 7754.017 + 9385.116 + 11013.127 + 13935.395) / 5 = ₺9701.6242 Mil. Total Assets at the begining of this year (Mar25) was ₺6,420 Mil. Long-Term Debt & Capital Lease Obligation was ₺1,673 Mil. Total Current Assets was ₺8,436 Mil. Total Current Liabilities was ₺6,470 Mil.
Net Income was 234.926 + 35.025 + 307.105 + 268.939 = ₺846 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.
Kuzey Boru AS's current Net Income (TTM) was 614.
==> 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.
Kuzey Boru AS's return on assets of this year was 0.09558107. Kuzey Boru AS's return on assets of last year was 0.23953148.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Kuzey Boru AS's gearing of this year was 0.17243937. Kuzey Boru AS's gearing of last year was 0.12538615.
==> Last year is lower than this year ==> Score 0.
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
Kuzey Boru AS's current ratio of this year was 1.30383205. Kuzey Boru AS's current ratio of last year was 1.73283936.
==> 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.
Kuzey Boru AS's number of shares in issue this year was 600. Kuzey Boru 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.
Kuzey Boru AS's gross margin of this year was 0.2069155. Kuzey Boru AS's gross margin of last year was 0.20343496.
==> 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
Kuzey Boru AS's asset turnover of this year was 0.93104753. Kuzey Boru AS's asset turnover of last year was 1.41600776.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Kuzey Boru AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Kuzey Boru AS (IST:KBORU) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Kuzey Boru AS and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, Kuzey Boru AS's Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, Kuzey Boru AS ranks #280 out of 394 companies in the Building Materials industry, placing it in the top 71.1%.
Is Kuzey Boru AS's Piotroski F-Score too high?
Kuzey Boru AS's current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Building Materials industry median Piotroski F-Score is 5.00. Kuzey Boru AS's value of 4 is 20% below this industry median. Based on the distribution chart, Kuzey Boru AS ranks #280 out of 394 companies in the Building Materials industry, which is below the industry midpoint. Overall, Kuzey Boru AS has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Kuzey Boru AS's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kuzey Boru AS ranks #280 out of 394 companies for Piotroski F-Score. This places Kuzey Boru AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Kuzey Boru AS's value of 4 is 20% below this benchmark. Historically, Kuzey Boru AS's own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Kuzey Boru 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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. Kuzey Boru 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 Kuzey Boru AS and its competitors. For the Building Materials 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. Kuzey Boru AS's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuzey Boru AS stock overvalued right now?
Kuzey Boru AS (IST:KBORU) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 20% below the Building Materials industry median of 5.00. Kuzey Boru AS's overall GF Score™ is 52/100 with 14 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 Kuzey Boru AS (IST:KBORU), the current Piotroski F-Score is 4 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.
Kuzey Boru AS is a company whose main activity is the production of plastic pipes and adding parts, all kinds of steel, drawn pipe, concrete pipe, polyethylene pipe, polypropylene pipe, ductile pipe and its products. It carries out production, import-export and domestic trade.
52GF Score
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