Tat Gidanayi ASIST:TATGD -0.82%65 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates IST:TATGD with a GF Score™ of 65/100 and a GF Value™ of ₺15.84 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Tat Gidanayi AS ranks better than 73.27% 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
Tat Gidanayi 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 Tat Gidanayi AS's Piotroski F-Score or its related term are showing as below:
IST:TATGD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 6
During the past 13 years, the highest Piotroski F-Score of Tat Gidanayi AS was 7. The lowest was 3. And the median was 5.
Tat Gidanayi AS (IST:TATGD) 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.
Tat Gidanayi AS Piotroski F-Score Related Terms
Tat Gidanayi AS Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tat 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.
IST:TATGD vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Tat 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.
Tat Gidanayi AS Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tat Gidanayi AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tat Gidanayi AS'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 (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was -79.258 + -8.91 + 47.544 + 184.517 = ₺144 Mil. Cash Flow from Operations was 262.468 + 905.884 + -360.089 + 553.993 = ₺1,362 Mil. Revenue was 1720.568 + 1691.983 + 1981.913 + 2428.444 = ₺7,823 Mil. Gross Profit was 152.732 + 231.301 + 344.529 + 544.133 = ₺1,273 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(10077.426 + 7770.263 + 8351.061 + 10731.69 + 10789.085) / 5 = ₺9543.905 Mil. Total Assets at the begining of this year (Dec24) was ₺10,077 Mil. Long-Term Debt & Capital Lease Obligation was ₺972 Mil. Total Current Assets was ₺7,409 Mil. Total Current Liabilities was ₺5,271 Mil.
Net Income was -167.157 + -374.914 + -133.321 + 196.27 = ₺-479 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.
Tat Gidanayi AS's current Net Income (TTM) was 144.
==> 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.
Tat Gidanayi AS's return on assets of this year was 0.01427875. Tat Gidanayi AS's return on assets of last year was -0.05022272.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tat Gidanayi AS's gearing of this year was 0.10184437. Tat Gidanayi AS's gearing of last year was 0.09656682.
==> 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
Tat Gidanayi AS's current ratio of this year was 1.40568945. Tat Gidanayi AS's current ratio of last year was 1.3467813.
==> 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.
Tat Gidanayi AS's number of shares in issue this year was 244.8. Tat Gidanayi AS's number of shares in issue last year was 236.606.
==> 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.
Tat Gidanayi AS's gross margin of this year was 0.16268822. Tat Gidanayi AS's gross margin of last year was 0.10653736.
==> 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
Tat Gidanayi AS's asset turnover of this year was 0.77628037. Tat Gidanayi AS's asset turnover of last year was 0.82292644.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tat Gidanayi AS has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Tat Gidanayi AS (IST:TATGD) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tat Gidanayi AS and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Tat Gidanayi AS's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Tat Gidanayi AS ranks #511 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 26.7%.
Is Tat Gidanayi AS's Piotroski F-Score too high?
Tat Gidanayi 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 3.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Tat Gidanayi AS's value of 6 is 20% above this industry median. Based on the distribution chart, Tat Gidanayi AS ranks #511 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Tat Gidanayi AS has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tat Gidanayi AS's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tat Gidanayi AS ranks #511 out of 1912 companies for Piotroski F-Score. This puts Tat Gidanayi AS in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Tat Gidanayi AS's value of 6 is 20% above this benchmark. Historically, Tat Gidanayi AS's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tat Gidanayi 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 1,912 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. Tat Gidanayi 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 Tat 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. Tat Gidanayi 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 Tat Gidanayi AS stock overvalued right now?
Based on GuruFocus' analysis, Tat Gidanayi AS (IST:TATGD) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺15.84, compared to a current price of ₺19.45 — trading 22.8% above 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. Tat Gidanayi AS's overall GF Score™ is 65/100 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 Tat Gidanayi AS (IST:TATGD), the current Piotroski F-Score is 6 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.
Is Tat Gidanayi AS (IST:TATGD) Overvalued in 2026?
Based on GuruFocus' analysis, Tat Gidanayi AS stock appears to be overvalued.
The current stock price of ₺19.45 is trading 22.8% above its estimated GF Value™ of ₺15.84.
GuruFocus considers Tat Gidanayi AS to be Modestly Overvalued.
Key valuation signals for IST:TATGD:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: ₺15.84 vs. price of ₺19.45 (22.8% above fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#511 of 1912)
No single metric tells the full story. See the IST:TATGD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tat Gida Sanayi AS is involved in the food sector. The company is engaged in production, distribution, marketing, the domestic and foreign trade of food, beverage, juice, agricultural and animal products, frozen foods, dried goods, sweet and sugar free juice and canned goods. Its segments include Tomato paste and canned foods; and Milk and dairy products. The company generates maximum revenue from the Milk and dairy products segment.
65GF Score
Get the complete analysis for IST:TATGD
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