What is Adel Kalemcilik Ticaret Venayi AS Altman Z-Score?
Adel Kalemcilik Ticaret Venayi ASIST:ADEL 48 Altman Z-Score is 3.15 as of Jul. 01, 2026, which is 28% above its 10-year median of 2.46. GuruFocus rates IST:ADEL with a GF Score™ of 48/100 and a GF Value™ of ₺33.24 (Fairly Valued). The stock has 6 warning signs investors should review. Among 3,006 Industrial Products companies, Adel Kalemcilik Ticaret Venayi AS ranks worse than 54.69% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 3.08 is strong.
Adel Kalemcilik Ticaret Venayi AS has a Altman Z-Score of 3.15, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Adel Kalemcilik Ticaret Venayi AS's Altman Z-Score or its related term are showing as below:
IST:ADEL'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.56 Med: 2.46 Max: 9.99
Current: 3.08
During the past 13 years, Adel Kalemcilik Ticaret Venayi AS's highest Altman Z-Score was 9.99. The lowest was 1.56. And the median was 2.46.
Adel Kalemcilik Ticaret Venayi AS (IST:ADEL) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* 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.
Adel Kalemcilik Ticaret Venayi AS Altman Z-Score Chart
Adel Kalemcilik Ticaret Venayi AS Altman Z-Score Competitor Comparison
For the Business Equipment & Supplies subindustry, Adel Kalemcilik Ticaret Venayi AS's Altman Z-Score, along with its competitors' market caps and Altman Z-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.
Adel Kalemcilik Ticaret Venayi AS Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Adel Kalemcilik Ticaret Venayi AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Adel Kalemcilik Ticaret Venayi AS's Altman Z-Score falls into.
Adel Kalemcilik Ticaret Venayi AS Altman Z-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Adel Kalemcilik Ticaret Venayi AS (IST:ADEL) has a Altman Z-Score of 3.15 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Adel Kalemcilik Ticaret Venayi AS and its competitors. This is 28% above median its historical median of 2.46. Over the past decade, Adel Kalemcilik Ticaret Venayi AS's Altman Z-Score has ranged from 1.56 to 9.99. According to the industry distribution chart, Adel Kalemcilik Ticaret Venayi AS ranks #1644 out of 3006 companies in the Industrial Products industry, placing it in the top 54.7%.
Is Adel Kalemcilik Ticaret Venayi AS's Altman Z-Score too high?
Adel Kalemcilik Ticaret Venayi AS's current Altman Z-Score of 3.15 is 28% above median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 9.99. The Industrial Products industry median Altman Z-Score is 3.34. Adel Kalemcilik Ticaret Venayi AS's value of 3.15 is 5.7% below this industry median. Based on the distribution chart, Adel Kalemcilik Ticaret Venayi AS ranks #1644 out of 3006 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Adel Kalemcilik Ticaret Venayi AS has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adel Kalemcilik Ticaret Venayi AS's Altman Z-Score compare to competitors?
According to the Industrial Products industry distribution chart, Adel Kalemcilik Ticaret Venayi AS ranks #1644 out of 3006 companies for Altman Z-Score. This places Adel Kalemcilik Ticaret Venayi AS in the lower half of its industry. The industry median Altman Z-Score is 3.34. Adel Kalemcilik Ticaret Venayi AS's value of 3.15 is 5.7% below this benchmark. Historically, Adel Kalemcilik Ticaret Venayi AS's own Altman Z-Score has ranged from 1.56 to 9.99 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 3.34, Adel Kalemcilik Ticaret Venayi 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 Altman Z-Score for an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.34, based on 3,006 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adel Kalemcilik Ticaret Venayi AS's current Altman Z-Score of 3.15 is 5.7% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Adel Kalemcilik Ticaret Venayi AS and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adel Kalemcilik Ticaret Venayi AS's current Altman Z-Score is 3.15, which is 28% above median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adel Kalemcilik Ticaret Venayi AS stock overvalued right now?
Based on GuruFocus' analysis, Adel Kalemcilik Ticaret Venayi AS (IST:ADEL) is currently considered Fairly Valued. The stock's GF Value™ is ₺33.24, compared to a current price of ₺31.80 — trading 4.3% below its estimated fair value. The current Altman Z-Score is 3.15, which is 28% above median its 10-year median of 2.46 and 5.7% below the Industrial Products industry median of 3.34. Adel Kalemcilik Ticaret Venayi AS's overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Adel Kalemcilik Ticaret Venayi AS (IST:ADEL), the current Altman Z-Score is 3.15 as of Jul. 01, 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 Adel Kalemcilik Ticaret Venayi AS (IST:ADEL) Overvalued in 2026?
Based on GuruFocus' analysis, Adel Kalemcilik Ticaret Venayi AS stock appears to be undervalued.
The current stock price of ₺31.80 is trading 4.3% below its estimated GF Value™ of ₺33.24.
GuruFocus considers Adel Kalemcilik Ticaret Venayi AS to be Fairly Valued.
Key valuation signals for IST:ADEL:
Altman Z-Score: 3.15 (28% above median its 10-year median of 2.46)
GF Value™: ₺33.24 vs. price of ₺31.80 (4.3% below fair value)
Industry Position: 5.7% below the Industrial Products median (#1644 of 3006)
No single metric tells the full story. See the IST:ADEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adel Kalemcilik Ticaret Venayi AS Business Description
Adel Kalemcilik Ticaret Ve Sanayi AS is a Turkey-based company involved in producing stationery items which include mechanical leads and graphites, liquid ink pens, wood-cased lead pencils, coloring and copying pencils, ballpoint pens, markers, crayons, watercolor paints, erasers, modeling clays, and gouache paints. Some of its brands include Adel, Adeland, Faber-Castle, and Max.
48GF Score
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