Kutahya Porselennayii AS (IST:KUTPO) Altman Z-Score: 4.34 (As of Jun. 29, 2026) — 14% Above Median


IST:KUTPO Kutahya Porselen Sanayii AS IST:KUTPO
49 GF Score
Price ₺87.65
GF Value ₺2.22
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Kutahya Porselennayii AS Altman Z-Score?

Kutahya Porselennayii AS IST:KUTPO -1.46% 49 Altman Z-Score is 4.34 as of Jun. 29, 2026, which is 14% above its 10-year median of 3.80. GuruFocus rates IST:KUTPO with a GF Score™ of 49/100 and a GF Value™ of ₺2.22 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 425 Furnishings, Fixtures & Appliances companies, Kutahya Porselennayii AS ranks better than 73.65% 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 4.34 is strong.

Kutahya Porselennayii AS has a Altman Z-Score of 4.34, 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 Kutahya Porselennayii AS's Altman Z-Score or its related term are showing as below:

IST:KUTPO' s Altman Z-Score Range Over the Past 10 Years
Min: 3.07   Med: 3.8   Max: 10.89
Current: 4.34

During the past 13 years, Kutahya Porselennayii AS's highest Altman Z-Score was 10.89. The lowest was 3.07. And the median was 3.80.


Kutahya Porselennayii AS  (IST:KUTPO) 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.


Kutahya Porselennayii AS Altman Z-Score Related Terms


Kutahya Porselennayii AS Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Kutahya Porselennayii AS'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.

Kutahya Porselennayii AS Altman Z-Score Chart

Kutahya Porselennayii AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.89 3.07 3.15 3.32 4.75

Kutahya Porselennayii AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.32 3.68 3.98 5.28 4.75

IST:KUTPO vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Kutahya Porselennayii 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.


Kutahya Porselennayii AS Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Kutahya Porselennayii AS's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Kutahya Porselennayii AS's Altman Z-Score falls into.


IST:KUTPO
49GF Score
Kutahya Porselen Sanayii AS IST:KUTPO
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kutahya Porselennayii 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.

Kutahya Porselennayii AS'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*0.3131+1.4*0.5099+3.3*0.1167+0.6*3.5152+1.0*0.7549
=4.34

* 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 Dec. 2025:
Total Assets was ₺5,363 Mil.
Total Current Assets was ₺2,265 Mil.
Total Current Liabilities was ₺586 Mil.
Retained Earnings was ₺2,735 Mil.
Pre-Tax Income was 117.642 + 111.78 + 77.219 + 284.855 = ₺591 Mil.
Interest Expense was -18.558 + -4.447 + -4.386 + -7.126 = ₺-35 Mil.
Revenue was 1273.149 + 1110.507 + 892.822 + 772.379 = ₺4,049 Mil.
Market Cap (Today) was ₺3,499 Mil.
Total Liabilities was ₺995 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
=(2265.157 - 585.652)/5363.307
=0.3131

X2=Retained Earnings/Total Assets
=2734.755/5363.307
=0.5099

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(591.496 - -34.517)/5363.307
=0.1167

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3498.708/995.296
=3.5152

X5=Revenue/Total Assets
=4048.857/5363.307
=0.7549

The zones of discrimination were as such:

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

Kutahya Porselennayii AS has a Altman Z-Score of 4.34 indicating it is in Safe 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 4.34 mean?
Kutahya Porselennayii AS (IST:KUTPO) has a Altman Z-Score of 4.34 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kutahya Porselennayii AS and its competitors. This is 14% above median its historical median of 3.80. Over the past decade, Kutahya Porselennayii AS's Altman Z-Score has ranged from 3.07 to 10.89. According to the industry distribution chart, Kutahya Porselennayii AS ranks #112 out of 425 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 26.4%.
Is Kutahya Porselennayii AS's Altman Z-Score too high?
Kutahya Porselennayii AS's current Altman Z-Score of 4.34 is 14% above median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 10.89. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.77. Kutahya Porselennayii AS's value of 4.34 is 56.7% above this industry median. Based on the distribution chart, Kutahya Porselennayii AS ranks #112 out of 425 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Kutahya Porselennayii AS has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kutahya Porselennayii AS's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Kutahya Porselennayii AS ranks #112 out of 425 companies for Altman Z-Score. This puts Kutahya Porselennayii AS in the upper half of its industry. The industry median Altman Z-Score is 2.77. Kutahya Porselennayii AS's value of 4.34 is 56.7% above this benchmark. Historically, Kutahya Porselennayii AS's own Altman Z-Score has ranged from 3.07 to 10.89 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 2.77, Kutahya Porselennayii 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.77, based on 425 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. Kutahya Porselennayii AS's current Altman Z-Score of 4.34 is 56.7% 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 Kutahya Porselennayii AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kutahya Porselennayii AS's current Altman Z-Score is 4.34, which is 14% above median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kutahya Porselennayii AS stock overvalued right now?
Based on GuruFocus' analysis, Kutahya Porselennayii AS (IST:KUTPO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺2.22, compared to a current price of ₺87.65 — trading 3848.2% above its estimated fair value. The current Altman Z-Score is 4.34, which is 14% above median its 10-year median of 3.80 and 56.7% above the Furnishings, Fixtures & Appliances industry median of 2.77. Kutahya Porselennayii AS's overall GF Score™ is 49/100 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 Kutahya Porselennayii AS (IST:KUTPO), the current Altman Z-Score is 4.34 as of Jun. 29, 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 Kutahya Porselennayii AS (IST:KUTPO) Overvalued in 2026?

Based on GuruFocus' analysis, Kutahya Porselennayii AS stock appears to be overvalued. The current stock price of ₺87.65 is trading 3848.2% above its estimated GF Value™ of ₺2.22. GuruFocus considers Kutahya Porselennayii AS to be Significantly Overvalued.

Key valuation signals for IST:KUTPO:

  • Altman Z-Score: 4.34 (14% above median its 10-year median of 3.80)
  • GF Value™: ₺2.22 vs. price of ₺87.65 (3848.2% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 56.7% above the Furnishings, Fixtures & Appliances median (#112 of 425)

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


Kutahya Porselennayii AS Business Description

Address Eskisehir Yolu 8 Km, Kutahya, TUR, 43001
Kutahya Porselen Sanayii AS is engaged in manufacturing porcelain tableware, decorative items and floor and wall tiles. Its products also include cardboard boxes, microwaveable cardboard boxes, adhesive paper and other packaging materials.
49GF Score

Get the complete analysis for IST:KUTPO

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

₺87.65
Price
₺2.22
GF Value