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Limak Dogu Anadolu CimentoIST:LMKDC -0.08%68 Piotroski F-Score is 3 as of Aug. 15, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates IST:LMKDC with a GF Score™ of 68/100. The stock has 2 warning signs investors should review. Among 390 Building Materials companies, Limak Dogu Anadolu Cimento ranks worse than 72.82% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Limak Dogu Anadolu Cimento has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Limak Dogu Anadolu Cimento's Piotroski F-Score or its related term are showing as below:
IST:LMKDC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 3
During the past 6 years, the highest Piotroski F-Score of Limak Dogu Anadolu Cimento was 8. The lowest was 3. And the median was 5.
Limak Dogu Anadolu Cimento (IST:LMKDC) 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.
Limak Dogu Anadolu Cimento Piotroski F-Score Related Terms
Limak Dogu Anadolu Cimento 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.
Limak Dogu Anadolu Cimento Piotroski F-Score Chart
IST:LMKDC vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, Limak Dogu Anadolu Cimento'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.
Limak Dogu Anadolu Cimento Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Limak Dogu Anadolu Cimento's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Limak Dogu Anadolu Cimento'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 649.632 + 526.401 + 9.266 + 538.982 = ₺1,724 Mil. Cash Flow from Operations was 1010.327 + 340.074 + 63.33 + 219.951 = ₺1,634 Mil. Revenue was 2344.103 + 2786.975 + 1388.374 + 2317.827 = ₺8,837 Mil. Gross Profit was 1080.028 + 1030.503 + 391.914 + 766.428 = ₺3,269 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(7117.441 + 8705.637 + 9691.506 + 10425.652 + 10354.527) / 5 = ₺9258.9526 Mil. Total Assets at the begining of this year (Jun25) was ₺7,117 Mil. Long-Term Debt & Capital Lease Obligation was ₺25 Mil. Total Current Assets was ₺4,059 Mil. Total Current Liabilities was ₺1,411 Mil.
Net Income was 502.627 + 737.111 + 296.729 + 724.149 = ₺2,261 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.
Limak Dogu Anadolu Cimento's current Net Income (TTM) was 1,724.
==> 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.
Limak Dogu Anadolu Cimento's current Cash Flow from Operations (TTM) was 1,634.
==> 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.
Limak Dogu Anadolu Cimento's return on assets of this year was 0.24226137. Limak Dogu Anadolu Cimento's return on assets of last year was 0.53256075.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Limak Dogu Anadolu Cimento's gearing of this year was 0.00274642. Limak Dogu Anadolu Cimento's gearing of last year was 0.
==> 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
Limak Dogu Anadolu Cimento's current ratio of this year was 2.87611664. Limak Dogu Anadolu Cimento's current ratio of last year was 3.40932451.
==> 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.
Limak Dogu Anadolu Cimento's number of shares in issue this year was 516.18. Limak Dogu Anadolu Cimento's number of shares in issue last year was 516.18.
==> 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.
Limak Dogu Anadolu Cimento's gross margin of this year was 0.36989587. Limak Dogu Anadolu Cimento's gross margin of last year was 0.41863261.
==> 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
Limak Dogu Anadolu Cimento's asset turnover of this year was 1.24163713. Limak Dogu Anadolu Cimento's asset turnover of last year was 2.0701116.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Limak Dogu Anadolu Cimento has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Limak Dogu Anadolu Cimento (IST:LMKDC) has a Piotroski F-Score of 3 as of Aug. 15, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Limak Dogu Anadolu Cimento and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Limak Dogu Anadolu Cimento's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Limak Dogu Anadolu Cimento ranks #284 out of 390 companies in the Building Materials industry, placing it in the top 72.8%.
Is Limak Dogu Anadolu Cimento's Piotroski F-Score too high?
Limak Dogu Anadolu Cimento's current Piotroski F-Score of 3 is 40% below 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 Building Materials industry median Piotroski F-Score is 5.00. Limak Dogu Anadolu Cimento's value of 3 is 40% below this industry median. Based on the distribution chart, Limak Dogu Anadolu Cimento ranks #284 out of 390 companies in the Building Materials industry, which is below the industry midpoint. Overall, Limak Dogu Anadolu Cimento has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Limak Dogu Anadolu Cimento's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Limak Dogu Anadolu Cimento ranks #284 out of 390 companies for Piotroski F-Score. This places Limak Dogu Anadolu Cimento in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Limak Dogu Anadolu Cimento's value of 3 is 40% below this benchmark. Historically, Limak Dogu Anadolu Cimento'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, Limak Dogu Anadolu Cimento 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 390 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. Limak Dogu Anadolu Cimento's current Piotroski F-Score of 3 is 40% 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 Limak Dogu Anadolu Cimento 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. Limak Dogu Anadolu Cimento's current Piotroski F-Score is 3, which is 40% below 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 Limak Dogu Anadolu Cimento stock overvalued right now?
Limak Dogu Anadolu Cimento (IST:LMKDC) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Building Materials industry median of 5.00. Limak Dogu Anadolu Cimento's overall GF Score™ is 68/100 with 2 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 Limak Dogu Anadolu Cimento (IST:LMKDC), the current Piotroski F-Score is 3 as of Aug. 15, 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.
Limak Dogu Anadolu Cimento is a cement company operating n the cement sector. The main activity of the Company is clinker and cement production, marketing and sales in abroad.
68GF Score
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