Karsan Otomotivnayii Ve Ticaret ASKRSOF 61 Piotroski F-Score is 9 as of Jul. 08, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates KRSOF with a GF Score™ of 61/100 and a GF Value™ of $0.34. The stock has 7 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Karsan Otomotivnayii Ve Ticaret AS ranks better than 99.52% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Karsan Otomotivnayii Ve Ticaret AS has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Karsan Otomotivnayii Ve Ticaret AS's Piotroski F-Score or its related term are showing as below:
KRSOF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Karsan Otomotivnayii Ve Ticaret AS was 9. The lowest was 2. And the median was 6.
Karsan Otomotivnayii Ve Ticaret AS (OTCPK:KRSOF) 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.
Karsan Otomotivnayii Ve Ticaret AS Piotroski F-Score Related Terms
Karsan Otomotivnayii 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.
Karsan Otomotivnayii Ve Ticaret AS Piotroski F-Score Chart
KRSOF vs CAT, DE, PCAR: Piotroski F-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Karsan Otomotivnayii Ve Ticaret 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.
Karsan Otomotivnayii Ve Ticaret AS Piotroski F-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Karsan Otomotivnayii Ve Ticaret AS's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Karsan Otomotivnayii Ve Ticaret 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.
*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.
Karsan Otomotivnayii Ve Ticaret AS's current Net Income (TTM) was 5.9.
==> 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.
Karsan Otomotivnayii Ve Ticaret AS's current Cash Flow from Operations (TTM) was 35.7.
==> 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.
Karsan Otomotivnayii Ve Ticaret AS's return on assets of this year was 0.01329988. Karsan Otomotivnayii Ve Ticaret AS's return on assets of last year was -0.02084939.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Karsan Otomotivnayii Ve Ticaret AS's gearing of this year was 0.05366821. Karsan Otomotivnayii Ve Ticaret AS's gearing of last year was 0.08784346.
==> 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
Karsan Otomotivnayii Ve Ticaret AS's current ratio of this year was 0.9976495. Karsan Otomotivnayii Ve Ticaret AS's current ratio of last year was 0.92029001.
==> 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.
Karsan Otomotivnayii Ve Ticaret AS's number of shares in issue this year was 900. Karsan Otomotivnayii Ve Ticaret AS's number of shares in issue last year was 900.
==> 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.
Karsan Otomotivnayii Ve Ticaret AS's gross margin of this year was 0.29294233. Karsan Otomotivnayii Ve Ticaret AS's gross margin of last year was 0.20810089.
==> 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
Karsan Otomotivnayii Ve Ticaret AS's asset turnover of this year was 1.04230232. Karsan Otomotivnayii Ve Ticaret AS's asset turnover of last year was 0.89991539.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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9
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Karsan Otomotivnayii Ve Ticaret AS has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Karsan Otomotivnayii Ve Ticaret AS (KRSOF) has a Piotroski F-Score of 9 as of Jul. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Karsan Otomotivnayii Ve Ticaret AS and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Karsan Otomotivnayii Ve Ticaret AS's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #1 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 0.5%.
Is Karsan Otomotivnayii Ve Ticaret AS's Piotroski F-Score too high?
Karsan Otomotivnayii Ve Ticaret AS's current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Farm & Heavy Construction Machinery industry median Piotroski F-Score is 5.00. Karsan Otomotivnayii Ve Ticaret AS's value of 9 is 80% above this industry median. Based on the distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #1 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Karsan Otomotivnayii Ve Ticaret AS has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Karsan Otomotivnayii Ve Ticaret AS's Piotroski F-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #1 out of 208 companies for Piotroski F-Score. This places Karsan Otomotivnayii Ve Ticaret AS in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Karsan Otomotivnayii Ve Ticaret AS's value of 9 is 80% above this benchmark. Historically, Karsan Otomotivnayii Ve Ticaret AS's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Karsan Otomotivnayii Ve Ticaret 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 Farm & Heavy Construction Machinery company?
The median Piotroski F-Score among Farm & Heavy Construction Machinery companies is 5.00, based on 208 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. Karsan Otomotivnayii Ve Ticaret AS's current Piotroski F-Score of 9 is 80% 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 Karsan Otomotivnayii Ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery 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. Karsan Otomotivnayii Ve Ticaret AS's current Piotroski F-Score is 9, which is 50% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karsan Otomotivnayii Ve Ticaret AS stock overvalued right now?
Karsan Otomotivnayii Ve Ticaret AS (KRSOF) has a current Piotroski F-Score of 9. The stock's GF Value™ is $0.34, compared to a current price of $0.22 — trading 36.2% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 80% above the Farm & Heavy Construction Machinery industry median of 5.00. Karsan Otomotivnayii Ve Ticaret AS's overall GF Score™ is 61/100 with 7 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 Karsan Otomotivnayii Ve Ticaret AS (KRSOF), the current Piotroski F-Score is 9 as of Jul. 08, 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 Karsan Otomotivnayii Ve Ticaret AS (KRSOF) Overvalued in 2026?
Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS stock appears to be undervalued.
The current stock price of $0.22 is trading 36.2% below its estimated GF Value™ of $0.34.
Key valuation signals for KRSOF:
Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
GF Value™: $0.34 vs. price of $0.22 (36.2% below fair value)
Industry Position: 80% above the Farm & Heavy Construction Machinery median (#1 of 208)
No single metric tells the full story. See the KRSOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karsan Otomotivnayii Ve Ticaret AS Business Description
Karsan Otomotiv Sanayii Ve Ticaret AS is engaged in production, import and export of motor vehicles to automotive brands. It provides industrial services to automotive companies and its activities include the production of spare parts for automotive and other vehicles. The operating segments are Bus segment reports production of buses for municipalities, Karsan segment reports the production of commercial vehicles with its own brand, Spare Parts segment represents the production of spare parts and Industrial Sales segment reports the cataphoresis processes and tractor cabin. The group operates in Turkey and internationally and generates the majority of the revenue from the Hyundai segment.
61GF Score
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