Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) Altman Z-Score: 7.01 (As of Jun. 29, 2026) — 25% Below Median


IST:OBAMS Oba Makarnacilik Sanayi ve Ticaret AS IST:OBAMS
54 GF Score
Price ₺6.46
! 2 Warning Signs
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What is Oba Makarnaciliknayi ve Ticaret AS Altman Z-Score?

Oba Makarnaciliknayi ve Ticaret AS IST:OBAMS -0.62% 54 Altman Z-Score is 7.01 as of Jun. 29, 2026, which is 25% below its 10-year median of 9.40. GuruFocus rates IST:OBAMS with a GF Score™ of 54/100. The stock has 2 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Oba Makarnaciliknayi ve Ticaret AS ranks better than 85.5% 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 7.01 is strong.

Oba Makarnaciliknayi ve Ticaret AS has a Altman Z-Score of 7.01, 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 Oba Makarnaciliknayi ve Ticaret AS's Altman Z-Score or its related term are showing as below:

IST:OBAMS' s Altman Z-Score Range Over the Past 10 Years
Min: 7.01   Med: 9.4   Max: 10.75
Current: 7.01

During the past 6 years, Oba Makarnaciliknayi ve Ticaret AS's highest Altman Z-Score was 10.75. The lowest was 7.01. And the median was 9.40.


Oba Makarnaciliknayi ve Ticaret AS  (IST:OBAMS) 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.


Oba Makarnaciliknayi ve Ticaret AS Altman Z-Score Related Terms


Oba Makarnaciliknayi ve Ticaret AS Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Oba Makarnaciliknayi ve Ticaret 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.

Oba Makarnaciliknayi ve Ticaret AS Altman Z-Score Chart

Oba Makarnaciliknayi ve Ticaret AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 7.52 10.42

Oba Makarnaciliknayi ve Ticaret AS Quarterly Data
Dec20 Dec21 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 9.04 10.44 9.40 10.42 8.82

IST:OBAMS vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Oba Makarnaciliknayi 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.


Oba Makarnaciliknayi ve Ticaret AS Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Oba Makarnaciliknayi ve Ticaret AS's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Oba Makarnaciliknayi ve Ticaret AS's Altman Z-Score falls into.


IST:OBAMS
54GF Score
Oba Makarnacilik Sanayi ve Ticaret AS IST:OBAMS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Oba Makarnaciliknayi 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.

Oba Makarnaciliknayi ve Ticaret 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*0.4976+1.4*0.09+3.3*-0.1382+0.6*8.3864+1.0*1.7092
=7.01

* 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 ₺13,418 Mil.
Total Current Assets was ₺8,410 Mil.
Total Current Liabilities was ₺1,733 Mil.
Retained Earnings was ₺1,208 Mil.
Pre-Tax Income was -318.312 + -1149.54 + -486.124 + 83.53 = ₺-1,870 Mil.
Interest Expense was -5.904 + -5.957 + -2.317 + -2.493 = ₺-17 Mil.
Revenue was 4827.704 + 6337.424 + 5123.527 + 6644.806 = ₺22,933 Mil.
Market Cap (Today) was ₺18,582 Mil.
Total Liabilities was ₺2,216 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
=(8410.323 - 1733.449)/13418.01
=0.4976

X2=Retained Earnings/Total Assets
=1207.812/13418.01
=0.09

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1870.446 - -16.671)/13418.01
=-0.1382

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=18582.387/2215.784
=8.3864

X5=Revenue/Total Assets
=22933.461/13418.01
=1.7092

The zones of discrimination were as such:

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

Oba Makarnaciliknayi ve Ticaret AS has a Altman Z-Score of 7.01 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 7.01 mean?
Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) has a Altman Z-Score of 7.01 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Oba Makarnaciliknayi ve Ticaret AS and its competitors. This is 25% below median its historical median of 9.40. Over the past decade, Oba Makarnaciliknayi ve Ticaret AS's Altman Z-Score has ranged from 7.01 to 10.75. According to the industry distribution chart, Oba Makarnaciliknayi ve Ticaret AS ranks #280 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 14.5%.
Is Oba Makarnaciliknayi ve Ticaret AS's Altman Z-Score too high?
Oba Makarnaciliknayi ve Ticaret AS's current Altman Z-Score of 7.01 is 25% below median its 10-year median of 9.40. Over the past 10 years, this metric has ranged from a low of 7.01 to a high of 10.75. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Oba Makarnaciliknayi ve Ticaret AS's value of 7.01 is 147.7% above this industry median. Based on the distribution chart, Oba Makarnaciliknayi ve Ticaret AS ranks #280 out of 1931 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Oba Makarnaciliknayi ve Ticaret AS has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Oba Makarnaciliknayi ve Ticaret AS's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Oba Makarnaciliknayi ve Ticaret AS ranks #280 out of 1931 companies for Altman Z-Score. This places Oba Makarnaciliknayi ve Ticaret AS in the top 15% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. Oba Makarnaciliknayi ve Ticaret AS's value of 7.01 is 147.7% above this benchmark. Historically, Oba Makarnaciliknayi ve Ticaret AS's own Altman Z-Score has ranged from 7.01 to 10.75 over the past decade. While the company's 10-year median is 9.40 vs. the industry median of 2.83, Oba Makarnaciliknayi ve Ticaret 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,931 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. Oba Makarnaciliknayi ve Ticaret AS's current Altman Z-Score of 7.01 is 147.7% 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 Oba Makarnaciliknayi ve Ticaret AS and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oba Makarnaciliknayi ve Ticaret AS's current Altman Z-Score is 7.01, which is 25% below median its own 10-year median of 9.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oba Makarnaciliknayi ve Ticaret AS stock overvalued right now?
Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS) has a current Altman Z-Score of 7.01. The current Altman Z-Score is 7.01, which is 25% below median its 10-year median of 9.40 and 147.7% above the Consumer Packaged Goods industry median of 2.83. Oba Makarnaciliknayi ve Ticaret AS's overall GF Score™ is 54/100 with 2 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 Oba Makarnaciliknayi ve Ticaret AS (IST:OBAMS), the current Altman Z-Score is 7.01 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.

Oba Makarnaciliknayi ve Ticaret AS Business Description

Address No.4. Organize Sanayi Bolgesi, 83422 Nolu Sehitkamil Gaziantep, Bolgesi, TUR, 27110
Oba Makarnacilik Sanayi ve Ticaret AS is engaged in the food sector. The company operates in the pasta, noodle, flour, semolina, and wheat products food sector. The company is also engaged in the purchase and sale of grains (wheat) as a commercial activity. It carries out its production activities in Gaziantep Plant and Hendek Plant.
54GF Score

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