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 8.54 is strong.
Despec Bilgisayar Pazarlama ve Ticaret has a Altman Z-Score of 8.54, 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.
Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) 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.
Despec Bilgisayar Pazarlama ve Ticaret Altman Z-Score Chart
Despec Bilgisayar Pazarlama ve Ticaret Annual Data
IST:DESPC vs SNX, ARW, AVT: Altman Z-Score Comparison
For the Electronics & Computer Distribution subindustry, Despec Bilgisayar Pazarlama ve Ticaret'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.
Despec Bilgisayar Pazarlama ve Ticaret Altman Z-Score vs Hardware Industry
Despec Bilgisayar Pazarlama ve Ticaret 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.
Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) has a Altman Z-Score of 8.54 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Despec Bilgisayar Pazarlama ve Ticaret and its competitors. This is 66% above median its historical median of 5.15. Over the past decade, Despec Bilgisayar Pazarlama ve Ticaret's Altman Z-Score has ranged from 3.82 to 11.07. According to the industry distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #495 out of 2458 companies in the Hardware industry, placing it in the top 20.1%.
Is Despec Bilgisayar Pazarlama ve Ticaret's Altman Z-Score too high?
Despec Bilgisayar Pazarlama ve Ticaret's current Altman Z-Score of 8.54 is 66% above median its 10-year median of 5.15. Over the past 10 years, this metric has ranged from a low of 3.82 to a high of 11.07. The Hardware industry median Altman Z-Score is 3.64. Despec Bilgisayar Pazarlama ve Ticaret's value of 8.54 is 134.6% above this industry median. Based on the distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #495 out of 2458 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Despec Bilgisayar Pazarlama ve Ticaret has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Despec Bilgisayar Pazarlama ve Ticaret's Altman Z-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #495 out of 2458 companies for Altman Z-Score. This places Despec Bilgisayar Pazarlama ve Ticaret in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.64. Despec Bilgisayar Pazarlama ve Ticaret's value of 8.54 is 134.6% above this benchmark. Historically, Despec Bilgisayar Pazarlama ve Ticaret's own Altman Z-Score has ranged from 3.82 to 11.07 over the past decade. While the company's 10-year median is 5.15 vs. the industry median of 3.64, Despec Bilgisayar Pazarlama ve Ticaret 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 Altman Z-Score for a Hardware company?
The median Altman Z-Score among Hardware companies is 3.64, based on 2,458 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. Despec Bilgisayar Pazarlama ve Ticaret's current Altman Z-Score of 8.54 is 134.6% 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 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 Despec Bilgisayar Pazarlama ve Ticaret and its competitors. For the Hardware industry, the median Altman Z-Score is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Despec Bilgisayar Pazarlama ve Ticaret's current Altman Z-Score is 8.54, which is 66% above median its own 10-year median of 5.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Despec Bilgisayar Pazarlama ve Ticaret stock overvalued right now?
Based on GuruFocus' analysis, Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺68.03, compared to a current price of ₺43.16 — trading 36.6% below its estimated fair value. The current Altman Z-Score is 8.54, which is 66% above median its 10-year median of 5.15 and 134.6% above the Hardware industry median of 3.64. Despec Bilgisayar Pazarlama ve Ticaret's overall GF Score™ is 61/100 with 3 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 Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC), the current Altman Z-Score is 8.54 as of Jul. 06, 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 Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) Overvalued in 2026?
Based on GuruFocus' analysis, Despec Bilgisayar Pazarlama ve Ticaret stock appears to be undervalued.
The current stock price of ₺43.16 is trading 36.6% below its estimated GF Value™ of ₺68.03.
GuruFocus considers Despec Bilgisayar Pazarlama ve Ticaret to be Significantly Undervalued.
Key valuation signals for IST:DESPC:
Altman Z-Score: 8.54 (66% above median its 10-year median of 5.15)
GF Value™: ₺68.03 vs. price of ₺43.16 (36.6% below fair value)
Industry Position: 134.6% above the Hardware median (#495 of 2458)
No single metric tells the full story. See the IST:DESPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Despec Bilgisayar Pazarlama ve Ticaret Business Description
Despec Bilgisayar Pazarlama ve Ticaret offers distribution services for almost all kinds of information technology consumption products to computer companies and office supply stores countrywide in Turkey through its well-organized distribution network. It offers products such as toner, ink cartridge, printer tape, backup products, paper products, accessories, and others. A part of the group's sales consists of HP products (especially printer toners and cartridges). Other products distributed by the company are of brands of Canon, Samsung, Steelseries, Epson, Oki, Xerox, IBM, Emtec, Lexmark, Trust, Targus, Jabra, Toshiba, and Apple. Geographically, all the activities are functioned through the region of Turkey.
61GF Score
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