Turpaz Industries (XTAE:TRPZ) Piotroski F-Score: 8 (As of Jul. 22, 2026) — 60% Above Median

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XTAE:TRPZ Turpaz Industries Ltd XTAE:TRPZ
87 GF Score
Price ₪66.92
GF Value ₪38.25
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Turpaz Industries Piotroski F-Score?

Turpaz Industries XTAE:TRPZ +2.17% 87 Piotroski F-Score is 8 as of Jul. 22, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates XTAE:TRPZ with a GF Score™ of 87/100 and a GF Value™ of ₪38.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,561 Chemicals companies, Turpaz Industries ranks better than 97.18% 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

Turpaz Industries 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 Turpaz Industries's Piotroski F-Score or its related term are showing as below:

XTAE:TRPZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 8
Current: 8

During the past 8 years, the highest Piotroski F-Score of Turpaz Industries was 8. The lowest was 4. And the median was 5.

Turpaz Industries  (XTAE:TRPZ) 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.


Turpaz Industries Piotroski F-Score Related Terms


Turpaz Industries Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Turpaz Industries'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.

Turpaz Industries Piotroski F-Score Chart

Turpaz Industries Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A 4.00 5.00 6.00 6.00

Turpaz Industries 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 5.00 5.00 5.00 6.00 8.00

XTAE:TRPZ vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Turpaz Industries'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.


Turpaz Industries Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Turpaz Industries's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Turpaz Industries's Piotroski F-Score falls into.


XTAE:TRPZ
87GF Score
Turpaz Industries Ltd XTAE:TRPZ
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 12.883 + 13.401 + 14.65 + 29.113 = ₪70.0 Mil.
Cash Flow from Operations was 17.057 + 40.879 + 43.417 + 17.764 = ₪119.1 Mil.
Revenue was 194.205 + 234.891 + 228.653 + 256.134 = ₪913.9 Mil.
Gross Profit was 75.685 + 97.136 + 92.074 + 107.269 = ₪372.2 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1316.551 + 1577.594 + 2111.953 + 2186.282 + 2186.811) / 5 = ₪1875.8382 Mil.
Total Assets at the begining of this year (Mar25) was ₪1,316.6 Mil.
Long-Term Debt & Capital Lease Obligation was ₪434.5 Mil.
Total Current Assets was ₪819.6 Mil.
Total Current Liabilities was ₪464.5 Mil.
Net Income was 9.796 + 12.638 + 10.565 + 13.324 = ₪46.3 Mil.

Revenue was 143.209 + 149.25 + 166.678 + 184.837 = ₪644.0 Mil.
Gross Profit was 55.385 + 61.078 + 65.019 + 72.022 = ₪253.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(876.777 + 1048.425 + 1160.447 + 1196.595 + 1316.551) / 5 = ₪1119.759 Mil.
Total Assets at the begining of last year (Mar24) was ₪876.8 Mil.
Long-Term Debt & Capital Lease Obligation was ₪309.5 Mil.
Total Current Assets was ₪388.3 Mil.
Total Current Liabilities was ₪245.9 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.

Turpaz Industries's current Net Income (TTM) was 70.0. ==> 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.

Turpaz Industries's current Cash Flow from Operations (TTM) was 119.1. ==> 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 (Mar25)
=70.047/1316.551
=0.05320493

ROA (Last Year)=Net Income/Total Assets (Mar24)
=46.323/876.777
=0.05283327

Turpaz Industries's return on assets of this year was 0.05320493. Turpaz Industries's return on assets of last year was 0.05283327. ==> 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.

Turpaz Industries's current Net Income (TTM) was 70.0. Turpaz Industries's current Cash Flow from Operations (TTM) was 119.1. ==> 119.1 > 70.0 ==> 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
=434.464/1875.8382
=0.23161059

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=309.488/1119.759
=0.27638804

Turpaz Industries's gearing of this year was 0.23161059. Turpaz Industries's gearing of last year was 0.27638804. ==> 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
=819.598/464.487
=1.76452301

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=388.254/245.937
=1.57867259

Turpaz Industries's current ratio of this year was 1.76452301. Turpaz Industries's current ratio of last year was 1.57867259. ==> 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.

Turpaz Industries's number of shares in issue this year was 105.633. Turpaz Industries's number of shares in issue last year was 108.775. ==> 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
=372.164/913.883
=0.40723375

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=253.504/643.974
=0.39365564

Turpaz Industries's gross margin of this year was 0.40723375. Turpaz Industries's gross margin of last year was 0.39365564. ==> 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)
=913.883/1316.551
=0.69414933

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=643.974/876.777
=0.73447866

Turpaz Industries's asset turnover of this year was 0.69414933. Turpaz Industries's asset turnover of last year was 0.73447866. ==> 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
=1+1+1+1+1+1+1+1+0
=8

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

Turpaz Industries 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?
Turpaz Industries (XTAE:TRPZ) has a Piotroski F-Score of 8 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Turpaz Industries and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Turpaz Industries' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Turpaz Industries ranks #44 out of 1561 companies in the Chemicals industry, placing it in the top 2.8%.
Is Turpaz Industries' Piotroski F-Score too high?
Turpaz Industries' current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Turpaz Industries' value of 8 is 60% above this industry median. Based on the distribution chart, Turpaz Industries ranks #44 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Turpaz Industries has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turpaz Industries' Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Turpaz Industries ranks #44 out of 1561 companies for Piotroski F-Score. This places Turpaz Industries in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Turpaz Industries' value of 8 is 60% above this benchmark. Historically, Turpaz Industries' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Turpaz Industries 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,561 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. Turpaz Industries'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 Turpaz Industries and its competitors. For the Chemicals 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. Turpaz Industries's current Piotroski F-Score is 8, which is 60% 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 Turpaz Industries stock overvalued right now?
Based on GuruFocus' analysis, Turpaz Industries (XTAE:TRPZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪38.25, compared to a current price of ₪66.92 — trading 75% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Chemicals industry median of 5.00. Turpaz Industries' overall GF Score™ is 87/100 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 Turpaz Industries (XTAE:TRPZ), the current Piotroski F-Score is 8 as of Jul. 22, 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 Turpaz Industries (XTAE:TRPZ) Overvalued in 2026?

Based on GuruFocus' analysis, Turpaz Industries stock appears to be overvalued. The current stock price of ₪66.92 is trading 75% above its estimated GF Value™ of ₪38.25. GuruFocus considers Turpaz Industries to be Significantly Overvalued.

Key valuation signals for XTAE:TRPZ:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: ₪38.25 vs. price of ₪66.92 (75% above fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 60% above the Chemicals median (#44 of 1561)

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


Turpaz Industries Business Description

Address 10 Hashita Street, Caearea, ISR, 3079856
Turpaz Industries Ltd is engaged in the development, production, and marketing of flavor and fragrance extracts for the cosmetics and food industries, as well as raw materials for the pharma industry. The company has three segments: the Taste segment, the Fragrance segment, and the Specialty fine ingredients segment. It generates the majority of its revenue from the Taste segment, which is engaged in the development, production, marketing, and sale of natural and synthetic sweet and savory taste extracts, which are developed by the Group's flavorists across the world. Geographically, it derives revenue from Israel and the Middle East, North America, Europe, Africa, Asia & other, with the majority generated from Europe.
87GF Score

Get the complete analysis for XTAE:TRPZ

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

₪66.92
Price
₪38.25
GF Value