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 1.86 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.
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS has a Altman Z-Score of 1.86, indicating it is in Grey Zones. This implies that Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS 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.
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) 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.
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Altman Z-Score Chart
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Annual Data
IST:KATMR vs CAT, DE, PCAR: Altman Z-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Katmerciler Arac Ustu Ekipmannayi ve Ticaret 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.
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Altman Z-Score vs Farm & Heavy Construction Machinery Industry
Katmerciler Arac Ustu Ekipmannayi ve Ticaret 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.
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) has a Altman Z-Score of 1.86 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS and its competitors. This is 21% above median its historical median of 1.54. Over the past decade, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Altman Z-Score has ranged from 0.95 to 4.33. According to the industry distribution chart, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS ranks #151 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 72.6%.
Is Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Altman Z-Score too high?
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's current Altman Z-Score of 1.86 is 21% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 4.33. The Farm & Heavy Construction Machinery industry median Altman Z-Score is 2.60. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's value of 1.86 is 28.3% below this industry median. Based on the distribution chart, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS ranks #151 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Altman Z-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS ranks #151 out of 208 companies for Altman Z-Score. This places Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS in the lower half of its industry. The industry median Altman Z-Score is 2.60. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's value of 1.86 is 28.3% below this benchmark. Historically, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's own Altman Z-Score has ranged from 0.95 to 4.33 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 2.60, Katmerciler Arac Ustu Ekipmannayi ve Ticaret 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 a Farm & Heavy Construction Machinery company?
The median Altman Z-Score among Farm & Heavy Construction Machinery companies is 2.60, based on 208 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. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's current Altman Z-Score of 1.86 is 28.3% 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 Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median Altman Z-Score is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's current Altman Z-Score is 1.86, which is 21% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1.73, compared to a current price of ₺2.69 — trading 55.5% above its estimated fair value. The current Altman Z-Score is 1.86, which is 21% above median its 10-year median of 1.54 and 28.3% below the Farm & Heavy Construction Machinery industry median of 2.60. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's overall GF Score™ is 54/100 with 9 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 Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR), the current Altman Z-Score is 1.86 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 Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) Overvalued in 2026?
Based on GuruFocus' analysis, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS stock appears to be overvalued.
The current stock price of ₺2.69 is trading 55.5% above its estimated GF Value™ of ₺1.73.
GuruFocus considers Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS to be Significantly Overvalued.
Key valuation signals for IST:KATMR:
Altman Z-Score: 1.86 (21% above median its 10-year median of 1.54)
GF Value™: ₺1.73 vs. price of ₺2.69 (55.5% above fair value)
Industry Position: 28.3% below the Farm & Heavy Construction Machinery median (#151 of 208)
No single metric tells the full story. See the IST:KATMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Business Description
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS is a manufacturer of automobiles like fighting vehicles, environmental vehicles, transport vehicles, defense Industry vehicles, construction industry vehicles and more. These products include onboard equipment with different functions, which are indispensable for easier life in safer, cleaner, humanitarian standards, from garbage trucks from fire engines, ducting vehicles from tankers, rescue vehicles from tankers, mobile maintenance vehicles from dumper.
54GF Score
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