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 9.38 is strong.
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS has a Altman Z-Score of 9.93, 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.
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS (IST:GIPTA) 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.
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Altman Z-Score Chart
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Annual Data
* 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.
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Altman Z-Score vs Retail - Cyclical Industry
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi 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.
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS (IST:GIPTA) has a Altman Z-Score of 9.93 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS and its competitors. This is 10% above median its historical median of 8.99. Over the past decade, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Altman Z-Score has ranged from 5.24 to 12.44. According to the industry distribution chart, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS ranks #96 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 8.6%.
Is Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Altman Z-Score too high?
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's current Altman Z-Score of 9.93 is 10% above median its 10-year median of 8.99. Over the past 10 years, this metric has ranged from a low of 5.24 to a high of 12.44. The Retail - Cyclical industry median Altman Z-Score is 2.72. Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's value of 9.93 is 265.1% above this industry median. Based on the distribution chart, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS ranks #96 out of 1113 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Altman Z-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS ranks #96 out of 1113 companies for Altman Z-Score. This places Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.72. Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's value of 9.93 is 265.1% above this benchmark. Historically, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's own Altman Z-Score has ranged from 5.24 to 12.44 over the past decade. While the company's 10-year median is 8.99 vs. the industry median of 2.72, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi 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 Altman Z-Score for a Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.72, based on 1,113 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. Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's current Altman Z-Score of 9.93 is 265.1% 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 Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's current Altman Z-Score is 9.93, which is 10% above median its own 10-year median of 8.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS stock overvalued right now?
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS (IST:GIPTA) has a current Altman Z-Score of 9.93. The current Altman Z-Score is 9.93, which is 10% above median its 10-year median of 8.99 and 265.1% above the Retail - Cyclical industry median of 2.72. Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's overall GF Score™ is 61/100 with 5 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 Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS (IST:GIPTA), the current Altman Z-Score is 9.93 as of Jun. 30, 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.
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Business Description
Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalat Sanayi AS is a company that sells stationery products. They offer a wide range of products in the fields of notebooks, school stationery, office products and promotions.
61GF Score
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