Park Elektrik Uretim Madenciliknayi ve Ticaret AS (IST:PRKME) 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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS Piotroski F-Score Related Terms
Park Elektrik Uretim Madenciliknayi ve Ticaret AS 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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS Piotroski F-Score Chart
Park Elektrik Uretim Madenciliknayi ve Ticaret AS Annual Data
* 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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS Piotroski F-Score vs Other Energy Sources Industry
* 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.
*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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's current Net Income (TTM) was -379.6.
==> 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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's current Cash Flow from Operations (TTM) was 22.5.
==> 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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's return on assets of this year was -0.08083862. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's return on assets of last year was 0.015652.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's gearing of this year was 0. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's gearing of last year was 0.
==> 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
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's current ratio of this year was 1.08330579. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's current ratio of last year was 2.21141875.
==> 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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's number of shares in issue this year was 147.495. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's number of shares in issue last year was 147.603.
==> 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.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's gross margin of this year was 0.20468767. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's gross margin of last year was 0.38361884.
==> 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
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's asset turnover of this year was 0.1144967. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's asset turnover of last year was 0.23491264.
==> 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
Park Elektrik Uretim Madenciliknayi ve Ticaret AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS (IST:PRKME) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Park Elektrik Uretim Madenciliknayi ve Ticaret AS and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Park Elektrik Uretim Madenciliknayi ve Ticaret AS's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Park Elektrik Uretim Madenciliknayi ve Ticaret AS ranks #65 out of 174 companies in the Other Energy Sources industry, placing it in the top 37.4%.
Is Park Elektrik Uretim Madenciliknayi ve Ticaret AS's Piotroski F-Score too high?
Park Elektrik Uretim Madenciliknayi ve Ticaret AS's current Piotroski F-Score of 4 is 20% 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 Other Energy Sources industry median Piotroski F-Score is 4.00. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's value of 4 is 0% at this industry median. Based on the distribution chart, Park Elektrik Uretim Madenciliknayi ve Ticaret AS ranks #65 out of 174 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Park Elektrik Uretim Madenciliknayi ve Ticaret AS has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Park Elektrik Uretim Madenciliknayi ve Ticaret AS's Piotroski F-Score compare to CNR?
According to the Other Energy Sources industry distribution chart, Park Elektrik Uretim Madenciliknayi ve Ticaret AS ranks #65 out of 174 companies for Piotroski F-Score. This puts Park Elektrik Uretim Madenciliknayi ve Ticaret AS in the upper half of its industry. The industry median Piotroski F-Score is 4.00. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's value of 4 is 0% at this benchmark. Historically, Park Elektrik Uretim Madenciliknayi ve Ticaret 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 5.00 vs. the industry median of 4.00, Park Elektrik Uretim Madenciliknayi ve Ticaret AS has consistently been at 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 an Other Energy Sources company?
The median Piotroski F-Score among Other Energy Sources companies is 4.00, based on 174 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. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's current Piotroski F-Score of 4 is 0% at 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 Park Elektrik Uretim Madenciliknayi ve Ticaret AS and its competitors. For the Other Energy Sources industry, the median Piotroski F-Score is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's current Piotroski F-Score is 4, which is 20% 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 Park Elektrik Uretim Madenciliknayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Park Elektrik Uretim Madenciliknayi ve Ticaret AS (IST:PRKME) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺16.90, compared to a current price of ₺20.52 — trading 21.4% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 0% at the Other Energy Sources industry median of 4.00. Park Elektrik Uretim Madenciliknayi ve Ticaret AS's overall GF Score™ is 64/100 with 4 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 Park Elektrik Uretim Madenciliknayi ve Ticaret AS (IST:PRKME), the current Piotroski F-Score is 4 as of Jun. 28, 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 Park Elektrik Uretim Madenciliknayi ve Ticaret AS (IST:PRKME) Overvalued in 2026?
Based on GuruFocus' analysis, Park Elektrik Uretim Madenciliknayi ve Ticaret AS stock appears to be overvalued.
The current stock price of ₺20.52 is trading 21.4% above its estimated GF Value™ of ₺16.90.
GuruFocus considers Park Elektrik Uretim Madenciliknayi ve Ticaret AS to be Modestly Overvalued.
Key valuation signals for IST:PRKME:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: ₺16.90 vs. price of ₺20.52 (21.4% above fair value)
Industry Position: 0% at the Other Energy Sources median (#65 of 174)
No single metric tells the full story. See the IST:PRKME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Park Elektrik Uretim Madenciliknayi ve Ticaret AS Business Description
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