Pinar Entegre ET ve Unnayi AS (IST:PETUN) Altman Z-Score: 1.60 (As of Jun. 29, 2026) — 40% Below Median


IST:PETUN Pinar Entegre ET ve Un Sanayi AS IST:PETUN
73 GF Score
Price ₺12.07
GF Value ₺13.84
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Pinar Entegre ET ve Unnayi AS Altman Z-Score?

Pinar Entegre ET ve Unnayi AS IST:PETUN +1.09% 73 Altman Z-Score is 1.60 as of Jun. 29, 2026, which is 40% below its 10-year median of 2.65. GuruFocus rates IST:PETUN with a GF Score™ of 73/100 and a GF Value™ of ₺13.84 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,932 Consumer Packaged Goods companies, Pinar Entegre ET ve Unnayi AS ranks worse than 74.59% 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 1.6 is in distress zone. This implies bankruptcy possibility in the next two years.

Pinar Entegre ET ve Unnayi AS has a Altman Z-Score of 1.60, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Pinar Entegre ET ve Unnayi AS's Altman Z-Score or its related term are showing as below:

IST:PETUN' s Altman Z-Score Range Over the Past 10 Years
Min: 1.58   Med: 2.65   Max: 4.33
Current: 1.6

During the past 13 years, Pinar Entegre ET ve Unnayi AS's highest Altman Z-Score was 4.33. The lowest was 1.58. And the median was 2.65.


Pinar Entegre ET ve Unnayi AS  (IST:PETUN) 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.


Pinar Entegre ET ve Unnayi AS Altman Z-Score Related Terms


Pinar Entegre ET ve Unnayi AS Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Pinar Entegre ET ve Unnayi 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.

Pinar Entegre ET ve Unnayi AS Altman Z-Score Chart

Pinar Entegre ET ve Unnayi 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 2.22 2.12 1.99 1.67 1.67

Pinar Entegre ET ve Unnayi AS 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 1.91 1.96 1.95 1.67 1.58

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

For the Packaged Foods subindustry, Pinar Entegre ET ve Unnayi 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.


Pinar Entegre ET ve Unnayi AS Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pinar Entegre ET ve Unnayi AS's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Pinar Entegre ET ve Unnayi AS's Altman Z-Score falls into.


IST:PETUN
73GF Score
Pinar Entegre ET ve Un Sanayi AS IST:PETUN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pinar Entegre ET ve Unnayi 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.

Pinar Entegre ET ve Unnayi 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*0.0873+1.4*0.2498+3.3*0.0814+0.6*0.4689+1.0*0.592
=1.60

* 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 ₺18,306 Mil.
Total Current Assets was ₺6,610 Mil.
Total Current Liabilities was ₺5,011 Mil.
Retained Earnings was ₺4,573 Mil.
Pre-Tax Income was 182.888 + -19.594 + 173.933 + 74.596 = ₺412 Mil.
Interest Expense was -286 + -335.352 + -243.588 + -213.587 = ₺-1,079 Mil.
Revenue was 2980.84 + 2751.228 + 2749.241 + 2355.493 = ₺10,837 Mil.
Market Cap (Today) was ₺3,661 Mil.
Total Liabilities was ₺7,809 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
=(6610.373 - 5011.441)/18306.262
=0.0873

X2=Retained Earnings/Total Assets
=4573.213/18306.262
=0.2498

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(411.823 - -1078.527)/18306.262
=0.0814

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3661.374/7808.652
=0.4689

X5=Revenue/Total Assets
=10836.802/18306.262
=0.592

The zones of discrimination were as such:

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

Pinar Entegre ET ve Unnayi AS has a Altman Z-Score of 1.60 indicating it is in Distress 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 1.60 mean?
Pinar Entegre ET ve Unnayi AS (IST:PETUN) has a Altman Z-Score of 1.60 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Pinar Entegre ET ve Unnayi AS and its competitors. This is 40% below median its historical median of 2.65. Over the past decade, Pinar Entegre ET ve Unnayi AS's Altman Z-Score has ranged from 1.58 to 4.33. According to the industry distribution chart, Pinar Entegre ET ve Unnayi AS ranks #1441 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 74.6%.
Is Pinar Entegre ET ve Unnayi AS's Altman Z-Score too high?
Pinar Entegre ET ve Unnayi AS's current Altman Z-Score of 1.60 is 40% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 4.33. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Pinar Entegre ET ve Unnayi AS's value of 1.60 is 43.5% below this industry median. Based on the distribution chart, Pinar Entegre ET ve Unnayi AS ranks #1441 out of 1932 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Pinar Entegre ET ve Unnayi AS has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pinar Entegre ET ve Unnayi AS's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Pinar Entegre ET ve Unnayi AS ranks #1441 out of 1932 companies for Altman Z-Score. This places Pinar Entegre ET ve Unnayi AS in the lower half of its industry. The industry median Altman Z-Score is 2.83. Pinar Entegre ET ve Unnayi AS's value of 1.60 is 43.5% below this benchmark. Historically, Pinar Entegre ET ve Unnayi AS's own Altman Z-Score has ranged from 1.58 to 4.33 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 2.83, Pinar Entegre ET ve Unnayi 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,932 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. Pinar Entegre ET ve Unnayi AS's current Altman Z-Score of 1.60 is 43.5% 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 Pinar Entegre ET ve Unnayi 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. Pinar Entegre ET ve Unnayi AS's current Altman Z-Score is 1.60, which is 40% below median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pinar Entegre ET ve Unnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Pinar Entegre ET ve Unnayi AS (IST:PETUN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺13.84, compared to a current price of ₺12.07 — trading 12.8% below its estimated fair value. The current Altman Z-Score is 1.60, which is 40% below median its 10-year median of 2.65 and 43.5% below the Consumer Packaged Goods industry median of 2.83. Pinar Entegre ET ve Unnayi AS's overall GF Score™ is 73/100 with 8 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 Pinar Entegre ET ve Unnayi AS (IST:PETUN), the current Altman Z-Score is 1.60 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 Pinar Entegre ET ve Unnayi AS (IST:PETUN) Overvalued in 2026?

Based on GuruFocus' analysis, Pinar Entegre ET ve Unnayi AS stock appears to be undervalued. The current stock price of ₺12.07 is trading 12.8% below its estimated GF Value™ of ₺13.84. GuruFocus considers Pinar Entegre ET ve Unnayi AS to be Modestly Undervalued.

Key valuation signals for IST:PETUN:

  • Altman Z-Score: 1.60 (40% below median its 10-year median of 2.65)
  • GF Value™: ₺13.84 vs. price of ₺12.07 (12.8% below fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 43.5% below the Consumer Packaged Goods median (#1441 of 1932)

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


Pinar Entegre ET ve Unnayi AS Business Description

Address Ankara Asfaltı 25. Km, Kemalpasa, İzmir, TUR, 35170
Pinar Entegre ET ve Un Sanayi AS is engaged in the production of meat and by-products of cattle, sheep, poultry and fish, frozen dough and packaged food. Its brand profile includes Pinar Kido, Pinar Çocuk, Pinar Doyum, Pinar Breakfast Pleasure, Pinar Pizzatto, Pinar Go, Pinar Classic, Pinar Grill Fun and others. Along with it the company also focuses on education, sports, and art.
73GF Score

Get the complete analysis for IST:PETUN

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

₺12.07
Price
₺13.84
GF Value