Konfrut Tarim AS (IST:KNFRT) Piotroski F-Score: 6 (As of Aug. 23, 2026) — 20% Above Median

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IST:KNFRT Konfrut Tarim AS IST:KNFRT
68 GF Score
Price ₺12.00
GF Value ₺16.71
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Konfrut Tarim AS Piotroski F-Score?

Konfrut Tarim AS IST:KNFRT -1.23% 68 Piotroski F-Score is 6 as of Aug. 23, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates IST:KNFRT with a GF Score™ of 68/100 and a GF Value™ of ₺16.71 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,916 Consumer Packaged Goods companies, Konfrut Tarim AS ranks better than 71.76% 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

Konfrut Tarim AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Konfrut Tarim AS's Piotroski F-Score or its related term are showing as below:

IST:KNFRT' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Konfrut Tarim AS was 8. The lowest was 1. And the median was 5.

Konfrut Tarim AS  (IST:KNFRT) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Konfrut Tarim AS Piotroski F-Score Related Terms


Konfrut Tarim AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Konfrut Tarim 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.

Konfrut Tarim AS Piotroski F-Score Chart

Konfrut Tarim AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 7.00 5.00 5.00

Konfrut Tarim AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 3.00 5.00 6.00 6.00

IST:KNFRT vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Konfrut Tarim 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.


Konfrut Tarim AS Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Konfrut Tarim AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Konfrut Tarim AS's Piotroski F-Score falls into.


IST:KNFRT
68GF Score
Konfrut Tarim AS IST:KNFRT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 -33.78 + 15.867 + -77.401 + -53.589 = ₺-149 Mil.
Cash Flow from Operations was 277.968 + -138.558 + 28.343 + 10.288 = ₺178 Mil.
Revenue was 1541.475 + 3128.017 + 1179.282 + 1536.067 = ₺7,385 Mil.
Gross Profit was 105.91 + 256.002 + 110.816 + 184.431 = ₺657 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2238.34 + 3970.823 + 3797.048 + 4073.226 + 3499.241) / 5 = ₺3515.7356 Mil.
Total Assets at the begining of this year (Jun25) was ₺2,238 Mil.
Long-Term Debt & Capital Lease Obligation was ₺220 Mil.
Total Current Assets was ₺1,947 Mil.
Total Current Liabilities was ₺1,034 Mil.
Net Income was 42.314 + -236.101 + -170.984 + -141.266 = ₺-506 Mil.

Revenue was 2072.378 + 1581.82 + 717.38 + 971.867 = ₺5,343 Mil.
Gross Profit was 142.619 + 108.79 + 44.201 + 78.925 = ₺375 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(3036.813 + 2714.214 + 3468.697 + 2344.642 + 2238.34) / 5 = ₺2760.5412 Mil.
Total Assets at the begining of last year (Jun24) was ₺3,037 Mil.
Long-Term Debt & Capital Lease Obligation was ₺151 Mil.
Total Current Assets was ₺1,462 Mil.
Total Current Liabilities was ₺459 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.

Konfrut Tarim AS's current Net Income (TTM) was -149. ==> 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.

Konfrut Tarim AS's current Cash Flow from Operations (TTM) was 178. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun25)
=-148.903/2238.34
=-0.06652385

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-506.037/3036.813
=-0.16663423

Konfrut Tarim AS's return on assets of this year was -0.06652385. Konfrut Tarim AS's return on assets of last year was -0.16663423. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Konfrut Tarim AS's current Net Income (TTM) was -149. Konfrut Tarim AS's current Cash Flow from Operations (TTM) was 178. ==> 178 > -149 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=220.083/3515.7356
=0.06259942

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=150.709/2760.5412
=0.054594

Konfrut Tarim AS's gearing of this year was 0.06259942. Konfrut Tarim AS's gearing of last year was 0.054594. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=1947.019/1034.197
=1.88263841

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=1461.749/459.043
=3.18434003

Konfrut Tarim AS's current ratio of this year was 1.88263841. Konfrut Tarim AS's current ratio of last year was 3.18434003. ==> 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.

Konfrut Tarim AS's number of shares in issue this year was 264. Konfrut Tarim AS's number of shares in issue last year was 264. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=657.159/7384.841
=0.08898756

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=374.535/5343.445
=0.07009242

Konfrut Tarim AS's gross margin of this year was 0.08898756. Konfrut Tarim AS's gross margin of last year was 0.07009242. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun25)
=7384.841/2238.34
=3.299249

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=5343.445/3036.813
=1.75955681

Konfrut Tarim AS's asset turnover of this year was 3.299249. Konfrut Tarim AS's asset turnover of last year was 1.75955681. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+0+0+1+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Konfrut Tarim AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Konfrut Tarim AS (IST:KNFRT) 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 Konfrut Tarim AS and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Konfrut Tarim AS's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Konfrut Tarim AS ranks #541 out of 1916 companies in the Consumer Packaged Goods industry, placing it in the top 28.2%.
Is Konfrut Tarim AS's Piotroski F-Score too high?
Konfrut Tarim AS's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. 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. Konfrut Tarim AS's value of 6 is 20% above this industry median. Based on the distribution chart, Konfrut Tarim AS ranks #541 out of 1916 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Konfrut Tarim AS has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Konfrut Tarim AS's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Konfrut Tarim AS ranks #541 out of 1916 companies for Piotroski F-Score. This puts Konfrut Tarim AS in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Konfrut Tarim AS's value of 6 is 20% above this benchmark. Historically, Konfrut Tarim 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 5.00 vs. the industry median of 5.00, Konfrut Tarim 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 1,916 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. Konfrut Tarim 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 Konfrut Tarim 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. Konfrut Tarim AS's current Piotroski F-Score is 6, which is 20% 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 Konfrut Tarim AS stock overvalued right now?
Based on GuruFocus' analysis, Konfrut Tarim AS (IST:KNFRT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺16.71, compared to a current price of ₺12.00 — trading 28.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Konfrut Tarim AS's overall GF Score™ is 68/100 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 Konfrut Tarim AS (IST:KNFRT), 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 Konfrut Tarim AS (IST:KNFRT) Overvalued in 2026?

Based on GuruFocus' analysis, Konfrut Tarim AS stock appears to be undervalued. The current stock price of ₺12.00 is trading 28.2% below its estimated GF Value™ of ₺16.71. GuruFocus considers Konfrut Tarim AS to be Modestly Undervalued.

Key valuation signals for IST:KNFRT:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: ₺16.71 vs. price of ₺12.00 (28.2% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#541 of 1916)

No single metric tells the full story. See the IST:KNFRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Konfrut Tarim AS Business Description

Address Zuhal Caddesi, Cevizli Mahallesi, Ritim Istanbul AVM A3 Blok, Apartment No: 46C/182, Maltepe, Istanbul, TUR
Konfrut Tarim AS is a Turkey-based agricultural company specializing in end-to-end digital supply chain solutions for fruits and vegetables. It classifies its operations under the business units of Fresh Agricultural Products, Agricultural Supply, Agricultural Logistics, and Agricultural Industry.
68GF Score

Get the complete analysis for IST:KNFRT

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺12.00
Price
₺16.71
GF Value