Hitit Bilgisayar Hizmetleri ASIST:HTTBT -0.60%85 Altman Z-Score is 14.30 as of Jun. 27, 2026, which is 7% below its 10-year median of 15.34. GuruFocus rates IST:HTTBT with a GF Score™ of 85/100 and a GF Value™ of ₺83.18 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,765 Software companies, Hitit Bilgisayar Hizmetleri AS ranks better than 92.8% 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 14.98 is strong.
Hitit Bilgisayar Hizmetleri AS has a Altman Z-Score of 14.30, 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 Hitit Bilgisayar Hizmetleri AS's Altman Z-Score or its related term are showing as below:
IST:HTTBT'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.87 Med: 15.34 Max: 26.98
Current: 14.98
During the past 8 years, Hitit Bilgisayar Hizmetleri AS's highest Altman Z-Score was 26.98. The lowest was 8.87. And the median was 15.34.
Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) 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.
Hitit Bilgisayar Hizmetleri AS Altman Z-Score Chart
IST:HTTBT vs CRM, SHOP, UBER: Altman Z-Score Comparison
For the Software - Application subindustry, Hitit Bilgisayar Hizmetleri 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.
Hitit Bilgisayar Hizmetleri AS Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Hitit Bilgisayar Hizmetleri AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hitit Bilgisayar Hizmetleri AS's Altman Z-Score falls into.
Hitit Bilgisayar Hizmetleri 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.
Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) has a Altman Z-Score of 14.30 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hitit Bilgisayar Hizmetleri AS and its competitors. This is near median its historical median of 15.34. Over the past decade, Hitit Bilgisayar Hizmetleri AS's Altman Z-Score has ranged from 8.87 to 26.98. According to the industry distribution chart, Hitit Bilgisayar Hizmetleri AS ranks #199 out of 2765 companies in the Software industry, placing it in the top 7.2%.
Is Hitit Bilgisayar Hizmetleri AS's Altman Z-Score too high?
Hitit Bilgisayar Hizmetleri AS's current Altman Z-Score of 14.30 is near median its 10-year median of 15.34. Over the past 10 years, this metric has ranged from a low of 8.87 to a high of 26.98. The Software industry median Altman Z-Score is 3.13. Hitit Bilgisayar Hizmetleri AS's value of 14.30 is 356.9% above this industry median. Based on the distribution chart, Hitit Bilgisayar Hizmetleri AS ranks #199 out of 2765 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Hitit Bilgisayar Hizmetleri AS has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hitit Bilgisayar Hizmetleri AS's Altman Z-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Hitit Bilgisayar Hizmetleri AS ranks #199 out of 2765 companies for Altman Z-Score. This places Hitit Bilgisayar Hizmetleri AS in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.13. Hitit Bilgisayar Hizmetleri AS's value of 14.30 is 356.9% above this benchmark. Historically, Hitit Bilgisayar Hizmetleri AS's own Altman Z-Score has ranged from 8.87 to 26.98 over the past decade. While the company's 10-year median is 15.34 vs. the industry median of 3.13, Hitit Bilgisayar Hizmetleri 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 Software company?
The median Altman Z-Score among Software companies is 3.13, based on 2,765 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. Hitit Bilgisayar Hizmetleri AS's current Altman Z-Score of 14.30 is 356.9% 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 Hitit Bilgisayar Hizmetleri AS and its competitors. For the Software industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hitit Bilgisayar Hizmetleri AS's current Altman Z-Score is 14.30, which is near median its own 10-year median of 15.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hitit Bilgisayar Hizmetleri AS stock overvalued right now?
Based on GuruFocus' analysis, Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺83.18, compared to a current price of ₺39.86 — trading 52.1% below its estimated fair value. The current Altman Z-Score is 14.30, which is near median its 10-year median of 15.34 and 356.9% above the Software industry median of 3.13. Hitit Bilgisayar Hizmetleri AS's overall GF Score™ is 85/100 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 Hitit Bilgisayar Hizmetleri AS (IST:HTTBT), the current Altman Z-Score is 14.30 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 Hitit Bilgisayar Hizmetleri AS (IST:HTTBT) Overvalued in 2026?
Based on GuruFocus' analysis, Hitit Bilgisayar Hizmetleri AS stock appears to be undervalued.
The current stock price of ₺39.86 is trading 52.1% below its estimated GF Value™ of ₺83.18.
GuruFocus considers Hitit Bilgisayar Hizmetleri AS to be Significantly Undervalued.
Key valuation signals for IST:HTTBT:
Altman Z-Score: 14.30 (near median its 10-year median of 15.34)
GF Value™: ₺83.18 vs. price of ₺39.86 (52.1% below fair value)
Industry Position: 356.9% above the Software median (#199 of 2765)
No single metric tells the full story. See the IST:HTTBT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hitit Bilgisayar Hizmetleri AS Business Description
Hitit Bilgisayar Hizmetleri AS develops software solutions for airlines, travel companies and airports, carry operations to provide these as a service, to host and to sell. The company operates in a single reporting unit that develop software solutions for the travel industry, especially for airlines, tour operators and airports, providing them as a service, additional development, maintenance and operating activities.
85GF Score
Get the complete analysis for IST:HTTBT
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IST:HTTBT has been successfully added to your 
