Galata Wind Enerji (IST:GWIND) Altman Z-Score: 2.27 (As of Jun. 27, 2026) — 39% Below Median


IST:GWIND Galata Wind Enerji IST:GWIND
82 GF Score
Price ₺26.10
GF Value ₺28.97
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Galata Wind Enerji Altman Z-Score?

Galata Wind Enerji IST:GWIND -0.38% 82 Altman Z-Score is 2.27 as of Jun. 27, 2026, which is 39% below its 10-year median of 3.71. GuruFocus rates IST:GWIND with a GF Score™ of 82/100 and a GF Value™ of ₺28.97 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 412 Utilities - Independent Power Producers companies, Galata Wind Enerji ranks better than 73.54% 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.

Warning Sign:

Altman Z-score of 2.3 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Galata Wind Enerji has a Altman Z-Score of 2.27, indicating it is in Grey Zones. This implies that Galata Wind Enerji is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Galata Wind Enerji's Altman Z-Score or its related term are showing as below:

IST:GWIND' s Altman Z-Score Range Over the Past 10 Years
Min: 1.84   Med: 3.71   Max: 17.02
Current: 2.3

During the past 8 years, Galata Wind Enerji's highest Altman Z-Score was 17.02. The lowest was 1.84. And the median was 3.71.


Galata Wind Enerji  (IST:GWIND) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Galata Wind Enerji Altman Z-Score Related Terms


Galata Wind Enerji Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Galata Wind Enerji's Altman Z-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.

Galata Wind Enerji Altman Z-Score Chart

Galata Wind Enerji Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 3.60 5.72 3.39 2.97 2.19

Galata Wind Enerji Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 3.09 2.56 2.54 2.19 2.42

Galata Wind Enerji Altman Z-Score Competitor Comparison

For the Utilities - Renewable subindustry, Galata Wind Enerji'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.


Galata Wind Enerji Altman Z-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Galata Wind Enerji's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Galata Wind Enerji's Altman Z-Score falls into.


IST:GWIND
82GF Score
Galata Wind Enerji IST:GWIND
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galata Wind Enerji 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.

Galata Wind Enerji's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0463+1.4*0.4084+3.3*0.0652+0.6*2.1516+1.0*0.1327
=2.27

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₺22,239 Mil.
Total Current Assets was ₺1,992 Mil.
Total Current Liabilities was ₺961 Mil.
Retained Earnings was ₺9,083 Mil.
Pre-Tax Income was 328.915 + 180.35 + 507.889 + 291.136 = ₺1,308 Mil.
Interest Expense was -68.931 + -26.422 + -43.063 + -4.356 = ₺-143 Mil.
Revenue was 691.58 + 708.109 + 947.481 + 605.009 = ₺2,952 Mil.
Market Cap (Today) was ₺14,094 Mil.
Total Liabilities was ₺6,550 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(1991.974 - 961.485)/22239.312
=0.0463

X2=Retained Earnings/Total Assets
=9082.983/22239.312
=0.4084

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1308.29 - -142.772)/22239.312
=0.0652

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=14094.000/6550.47
=2.1516

X5=Revenue/Total Assets
=2952.179/22239.312
=0.1327

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Galata Wind Enerji has a Altman Z-Score of 2.27 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.27 mean?
Galata Wind Enerji (IST:GWIND) has a Altman Z-Score of 2.27 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Galata Wind Enerji and its competitors. This is 39% below median its historical median of 3.71. Over the past decade, Galata Wind Enerji's Altman Z-Score has ranged from 1.84 to 17.02. According to the industry distribution chart, Galata Wind Enerji ranks #109 out of 412 companies in the Utilities - Independent Power Producers industry, placing it in the top 26.5%.
Is Galata Wind Enerji's Altman Z-Score too high?
Galata Wind Enerji's current Altman Z-Score of 2.27 is 39% below median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 17.02. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.24. Galata Wind Enerji's value of 2.27 is 83.8% above this industry median. Based on the distribution chart, Galata Wind Enerji ranks #109 out of 412 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Galata Wind Enerji has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Galata Wind Enerji's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Galata Wind Enerji ranks #109 out of 412 companies for Altman Z-Score. This puts Galata Wind Enerji in the upper half of its industry. The industry median Altman Z-Score is 1.24. Galata Wind Enerji's value of 2.27 is 83.8% above this benchmark. Historically, Galata Wind Enerji's own Altman Z-Score has ranged from 1.84 to 17.02 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 1.24, Galata Wind Enerji 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.24, based on 412 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. Galata Wind Enerji's current Altman Z-Score of 2.27 is 83.8% 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 Galata Wind Enerji and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galata Wind Enerji's current Altman Z-Score is 2.27, which is 39% below median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galata Wind Enerji stock overvalued right now?
Based on GuruFocus' analysis, Galata Wind Enerji (IST:GWIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺28.97, compared to a current price of ₺26.10 — trading 9.9% below its estimated fair value. The current Altman Z-Score is 2.27, which is 39% below median its 10-year median of 3.71 and 83.8% above the Utilities - Independent Power Producers industry median of 1.24. Galata Wind Enerji's overall GF Score™ is 82/100 with 7 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 Galata Wind Enerji (IST:GWIND), the current Altman Z-Score is 2.27 as of Jun. 27, 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 Galata Wind Enerji (IST:GWIND) Overvalued in 2026?

Based on GuruFocus' analysis, Galata Wind Enerji stock appears to be undervalued. The current stock price of ₺26.10 is trading 9.9% below its estimated GF Value™ of ₺28.97. GuruFocus considers Galata Wind Enerji to be Modestly Undervalued.

Key valuation signals for IST:GWIND:

  • Altman Z-Score: 2.27 (39% below median its 10-year median of 3.71)
  • GF Value™: ₺28.97 vs. price of ₺26.10 (9.9% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 83.8% above the Utilities - Independent Power Producers median (#109 of 412)

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


Galata Wind Enerji Business Description

Address Burhaniye Mahallesi Kisikli, Caddesi No: 65, Uskudar, Istanbul, TUR, 34676
Galata Wind Enerji is engaged in establishing, commissioning, leasing electrical energy production facilities, and electricity generation. It produces renewable energy and develops battery solutions. The firm designs solar energy systems to produce energy on the roofs of homes, schools, workplaces, fuel stations, and production centers.
82GF Score

Get the complete analysis for IST:GWIND

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

₺26.10
Price
₺28.97
GF Value