Selva Gidanayi AS (IST:SELVA) Piotroski F-Score: 3 (As of Jun. 29, 2026) — 25% Below Median


IST:SELVA Selva Gida Sanayi AS IST:SELVA
55 GF Score
Price ₺2.06
GF Value ₺1.21
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Selva Gidanayi AS Piotroski F-Score?

Selva Gidanayi AS IST:SELVA -5.50% 55 Piotroski F-Score is 3 as of Jun. 29, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates IST:SELVA with a GF Score™ of 55/100 and a GF Value™ of ₺1.21 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, Selva Gidanayi AS ranks worse than 84.81% 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

Selva Gidanayi AS 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 Selva Gidanayi AS's Piotroski F-Score or its related term are showing as below:

IST:SELVA' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 6
Current: 3

During the past 8 years, the highest Piotroski F-Score of Selva Gidanayi AS was 6. The lowest was 2. And the median was 4.

Selva Gidanayi AS  (IST:SELVA) 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.


Selva Gidanayi AS Piotroski F-Score Related Terms


Selva Gidanayi AS Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Selva Gidanayi 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.

Selva Gidanayi AS Piotroski F-Score Chart

Selva Gidanayi AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 4.00 4.00 5.00 5.00 3.00

Selva Gidanayi AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.00 5.00 5.00 3.00 3.00

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

For the Packaged Foods subindustry, Selva Gidanayi 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.


Selva Gidanayi AS Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


IST:SELVA
55GF Score
Selva Gida Sanayi AS IST:SELVA
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -53.784 + -76.911 + -416.777 + -222.18 = ₺-770 Mil.
Cash Flow from Operations was -26.087 + -257.445 + -424.634 + 32.406 = ₺-676 Mil.
Revenue was 408.467 + 419.208 + 634.544 + 491.003 = ₺1,953 Mil.
Gross Profit was 83.275 + 63.868 + 108.328 + 98.032 = ₺354 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3701.668 + 3990.006 + 4050.801 + 4373.806 + 4758.449) / 5 = ₺4174.946 Mil.
Total Assets at the begining of this year (Mar25) was ₺3,702 Mil.
Long-Term Debt & Capital Lease Obligation was ₺89 Mil.
Total Current Assets was ₺711 Mil.
Total Current Liabilities was ₺1,622 Mil.
Net Income was 35.538 + -32.728 + 104.901 + 112.01 = ₺220 Mil.

Revenue was 453.074 + 458.346 + 449.941 + 592.639 = ₺1,954 Mil.
Gross Profit was 91.993 + 90.669 + 59.782 + 96.765 = ₺339 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2268.272 + 2394.814 + 2685.713 + 3878.415 + 3701.668) / 5 = ₺2985.7764 Mil.
Total Assets at the begining of last year (Mar24) was ₺2,268 Mil.
Long-Term Debt & Capital Lease Obligation was ₺103 Mil.
Total Current Assets was ₺719 Mil.
Total Current Liabilities was ₺1,235 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.

Selva Gidanayi AS's current Net Income (TTM) was -770. ==> 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.

Selva Gidanayi AS's current Cash Flow from Operations (TTM) was -676. ==> Negative ==> Score 0.

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 (Mar25)
=-769.652/3701.668
=-0.20792032

ROA (Last Year)=Net Income/Total Assets (Mar24)
=219.721/2268.272
=0.09686713

Selva Gidanayi AS's return on assets of this year was -0.20792032. Selva Gidanayi AS's return on assets of last year was 0.09686713. ==> Last year is higher ==> Score 0.

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.

Selva Gidanayi AS's current Net Income (TTM) was -770. Selva Gidanayi AS's current Cash Flow from Operations (TTM) was -676. ==> -676 > -770 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=89.119/4174.946
=0.02134614

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=102.517/2985.7764
=0.03433512

Selva Gidanayi AS's gearing of this year was 0.02134614. Selva Gidanayi AS's gearing of last year was 0.03433512. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=711.29/1621.649
=0.43862143

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=719.182/1235.009
=0.58232936

Selva Gidanayi AS's current ratio of this year was 0.43862143. Selva Gidanayi AS's current ratio of last year was 0.58232936. ==> 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.

Selva Gidanayi AS's number of shares in issue this year was 1058. Selva Gidanayi AS's number of shares in issue last year was 790.799. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=353.503/1953.222
=0.18098455

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=339.209/1954
=0.17359724

Selva Gidanayi AS's gross margin of this year was 0.18098455. Selva Gidanayi AS's gross margin of last year was 0.17359724. ==> 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 (Mar25)
=1953.222/3701.668
=0.52765996

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1954/2268.272
=0.86144872

Selva Gidanayi AS's asset turnover of this year was 0.52765996. Selva Gidanayi AS's asset turnover of last year was 0.86144872. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Selva Gidanayi AS has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Selva Gidanayi AS (IST:SELVA) has a Piotroski F-Score of 3 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Selva Gidanayi AS and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Selva Gidanayi AS's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Selva Gidanayi AS ranks #1619 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 84.8%.
Is Selva Gidanayi AS's Piotroski F-Score too high?
Selva Gidanayi AS's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Selva Gidanayi AS's value of 3 is 40% below this industry median. Based on the distribution chart, Selva Gidanayi AS ranks #1619 out of 1909 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Selva Gidanayi AS has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Selva Gidanayi AS's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Selva Gidanayi AS ranks #1619 out of 1909 companies for Piotroski F-Score. This places Selva Gidanayi AS in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Selva Gidanayi AS's value of 3 is 40% below this benchmark. Historically, Selva Gidanayi AS's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Selva Gidanayi 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 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. Selva Gidanayi AS'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 Selva Gidanayi 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. Selva Gidanayi AS's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Selva Gidanayi AS stock overvalued right now?
Based on GuruFocus' analysis, Selva Gidanayi AS (IST:SELVA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1.21, compared to a current price of ₺2.06 — trading 70.2% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Selva Gidanayi AS's overall GF Score™ is 55/100 with 8 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 Selva Gidanayi AS (IST:SELVA), the current Piotroski F-Score is 3 as of Jun. 29, 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 Selva Gidanayi AS (IST:SELVA) Overvalued in 2026?

Based on GuruFocus' analysis, Selva Gidanayi AS stock appears to be overvalued. The current stock price of ₺2.06 is trading 70.2% above its estimated GF Value™ of ₺1.21. GuruFocus considers Selva Gidanayi AS to be Significantly Overvalued.

Key valuation signals for IST:SELVA:

  • Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: ₺1.21 vs. price of ₺2.06 (70.2% above fair value)
  • GF Score™: 55/100 with 8 warning signs
  • Industry Position: 40% below the Consumer Packaged Goods median (#1619 of 1909)

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


Selva Gidanayi AS Business Description

Address Buyuk Kayacik Mah. Guzelkonak Sok. No:6, Konya Organize Sanayi Bolgesi, Selcuklu, Konya, TUR, 42050
Selva Gida Sanayi AS is engaged in the manufacturing of food, beverages and tobacco. Its products include pasta, wheat flour, catering, semolina, bulgur, and other healthy products.
55GF Score

Get the complete analysis for IST:SELVA

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

₺2.06
Price
₺1.21
GF Value