Metropal Kurumsal Hizmetler AS (IST:MCARD) Piotroski F-Score: 8 (As of Jun. 25, 2026) — Near Median


IST:MCARD Metropal Kurumsal Hizmetler AS IST:MCARD
23 GF Score
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What is Metropal Kurumsal Hizmetler AS Piotroski F-Score?

Metropal Kurumsal Hizmetler AS IST:MCARD -4.61% 23 Piotroski F-Score is 8 as of Jun. 25, 2026, which is at its 10-year median of 8.00. GuruFocus rates IST:MCARD with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 2,742 Software companies, Metropal Kurumsal Hizmetler AS ranks better than 98.69% 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

Metropal Kurumsal Hizmetler 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 Metropal Kurumsal Hizmetler AS's Piotroski F-Score or its related term are showing as below:

IST:MCARD' s Piotroski F-Score Range Over the Past 10 Years
Min: 8   Med: 8   Max: 8
Current: 8

During the past 3 years, the highest Piotroski F-Score of Metropal Kurumsal Hizmetler AS was 8. The lowest was 8. And the median was 8.

Metropal Kurumsal Hizmetler AS  (IST:MCARD) 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.


Metropal Kurumsal Hizmetler AS Piotroski F-Score Related Terms


Metropal Kurumsal Hizmetler AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Metropal Kurumsal Hizmetler 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.

Metropal Kurumsal Hizmetler AS Piotroski F-Score Chart

Metropal Kurumsal Hizmetler AS Annual Data
Trend Dec22 Dec23 Dec24
Piotroski F-Score
N/A N/A 8.00

Metropal Kurumsal Hizmetler AS Semi-Annual Data
Dec22 Dec23 Dec24
Piotroski F-Score N/A N/A 8.00

IST:MCARD vs MSFT, ORCL, PLTR: Piotroski F-Score Comparison

For the Software - Infrastructure subindustry, Metropal Kurumsal Hizmetler 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.


Metropal Kurumsal Hizmetler AS Piotroski F-Score vs Software Industry

For the Software industry and Technology sector, Metropal Kurumsal Hizmetler AS's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Metropal Kurumsal Hizmetler AS's Piotroski F-Score falls into.


IST:MCARD
23GF Score
Metropal Kurumsal Hizmetler AS IST:MCARD
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was ₺731 Mil.
Cash Flow from Operations was ₺923 Mil.
Revenue was ₺2,066 Mil.
Gross Profit was ₺680 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was (4125.273 + 5287.19) / 2 = ₺4706.2315 Mil.
Total Assets at the begining of this year (Dec23) was ₺4,125 Mil.
Long-Term Debt & Capital Lease Obligation was ₺121 Mil.
Total Current Assets was ₺4,067 Mil.
Total Current Liabilities was ₺3,605 Mil.
Net Income was ₺362 Mil.

Revenue was ₺1,276 Mil.
Gross Profit was ₺380 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was (2677.334 + 4125.273) / 2 = ₺3401.3035 Mil.
Total Assets at the begining of last year (Dec22) was ₺2,677 Mil.
Long-Term Debt & Capital Lease Obligation was ₺4 Mil.
Total Current Assets was ₺3,103 Mil.
Total Current Liabilities was ₺3,030 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.

Metropal Kurumsal Hizmetler AS's current Net Income (TTM) was 731. ==> 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.

Metropal Kurumsal Hizmetler AS's current Cash Flow from Operations (TTM) was 923. ==> 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 (Dec23)
=731.249/4125.273
=0.17726075

ROA (Last Year)=Net Income/Total Assets (Dec22)
=362.376/2677.334
=0.13534957

Metropal Kurumsal Hizmetler AS's return on assets of this year was 0.17726075. Metropal Kurumsal Hizmetler AS's return on assets of last year was 0.13534957. ==> 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.

Metropal Kurumsal Hizmetler AS's current Net Income (TTM) was 731. Metropal Kurumsal Hizmetler AS's current Cash Flow from Operations (TTM) was 923. ==> 923 > 731 ==> 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: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=121.103/4706.2315
=0.02573248

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=4.121/3401.3035
=0.00121159

Metropal Kurumsal Hizmetler AS's gearing of this year was 0.02573248. Metropal Kurumsal Hizmetler AS's gearing of last year was 0.00121159. ==> 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: Dec24)=Total Current Assets/Total Current Liabilities
=4067.137/3605.272
=1.12810823

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=3102.831/3030.387
=1.02390586

Metropal Kurumsal Hizmetler AS's current ratio of this year was 1.12810823. Metropal Kurumsal Hizmetler AS's current ratio of last year was 1.02390586. ==> 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.

Metropal Kurumsal Hizmetler AS's number of shares in issue this year was 92.6. Metropal Kurumsal Hizmetler AS's number of shares in issue last year was 92.6. ==> 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
=679.845/2066.449
=0.32899191

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=380.19/1276.066
=0.29793913

Metropal Kurumsal Hizmetler AS's gross margin of this year was 0.32899191. Metropal Kurumsal Hizmetler AS's gross margin of last year was 0.29793913. ==> 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 (Dec23)
=2066.449/4125.273
=0.50092418

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1276.066/2677.334
=0.47661816

Metropal Kurumsal Hizmetler AS's asset turnover of this year was 0.50092418. Metropal Kurumsal Hizmetler AS's asset turnover of last year was 0.47661816. ==> 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
=1+1+1+1+0+1+1+1+1
=8

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

Metropal Kurumsal Hizmetler AS has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Metropal Kurumsal Hizmetler AS (IST:MCARD) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Metropal Kurumsal Hizmetler AS and its competitors. This is near median its historical median of 8.00. Over the past decade, Metropal Kurumsal Hizmetler AS's Piotroski F-Score has ranged from 8.00 to 8.00. According to the industry distribution chart, Metropal Kurumsal Hizmetler AS ranks #36 out of 2742 companies in the Software industry, placing it in the top 1.3%.
Is Metropal Kurumsal Hizmetler AS's Piotroski F-Score too high?
Metropal Kurumsal Hizmetler AS's current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 8.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Metropal Kurumsal Hizmetler AS's value of 8 is 60% above this industry median. Based on the distribution chart, Metropal Kurumsal Hizmetler AS ranks #36 out of 2742 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Metropal Kurumsal Hizmetler AS has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Metropal Kurumsal Hizmetler AS's Piotroski F-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Metropal Kurumsal Hizmetler AS ranks #36 out of 2742 companies for Piotroski F-Score. This places Metropal Kurumsal Hizmetler AS in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Metropal Kurumsal Hizmetler AS's value of 8 is 60% above this benchmark. Historically, Metropal Kurumsal Hizmetler AS's own Piotroski F-Score has ranged from 8.00 to 8.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, Metropal Kurumsal Hizmetler 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,742 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. Metropal Kurumsal Hizmetler 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 Metropal Kurumsal Hizmetler AS and its competitors. For the Software 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. Metropal Kurumsal Hizmetler AS's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metropal Kurumsal Hizmetler AS stock overvalued right now?
Metropal Kurumsal Hizmetler AS (IST:MCARD) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 60% above the Software industry median of 5.00. Metropal Kurumsal Hizmetler AS's overall GF Score™ is 23/100 with 1 warning sign 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 Metropal Kurumsal Hizmetler AS (IST:MCARD), the current Piotroski F-Score is 8 as of Jun. 25, 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.

Metropal Kurumsal Hizmetler AS Business Description

Address Kisikli Street, No: 30, Altunizade Neighborhood, Uskudar, Istanbul, TUR, 34662
Metropal Kurumsal Hizmetler AS is a Turkish fintech company operating as MetropolCard, which provides an electronic payment system that enables companies to manage, track, and audit employee meal allowances online through smart cards.
23GF Score

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