Suwen Tekstilnayi Pazarlama AS (IST:SUWEN) Altman Z-Score: 2.50 (As of Jul. 26, 2026) — 62% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:SUWEN Suwen Tekstil Sanayi Pazarlama AS IST:SUWEN
82 GF Score
Price ₺7.06
GF Value ₺10.37
Valuation Significantly Undervalued
! 10 Warning Signs
View Full Analysis

What is Suwen Tekstilnayi Pazarlama AS Altman Z-Score?

Suwen Tekstilnayi Pazarlama AS IST:SUWEN -1.53% 82 Altman Z-Score is 2.50 as of Jul. 26, 2026, which is 62% below its 10-year median of 6.56. GuruFocus rates IST:SUWEN with a GF Score™ of 82/100 and a GF Value™ of ₺10.37 (Significantly Undervalued). The stock has 10 warning signs investors should review. Among 1,031 Manufacturing - Apparel & Accessories companies, Suwen Tekstilnayi Pazarlama AS ranks better than 50.82% 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 2.5 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.

Suwen Tekstilnayi Pazarlama AS has a Altman Z-Score of 2.50, indicating it is in Grey Zones. This implies that Suwen Tekstilnayi Pazarlama 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.

The historical rank and industry rank for Suwen Tekstilnayi Pazarlama AS's Altman Z-Score or its related term are showing as below:

IST:SUWEN' s Altman Z-Score Range Over the Past 10 Years
Min: 2.5   Med: 6.56   Max: 12.08
Current: 2.5

During the past 7 years, Suwen Tekstilnayi Pazarlama AS's highest Altman Z-Score was 12.08. The lowest was 2.50. And the median was 6.56.


Suwen Tekstilnayi Pazarlama AS  (IST:SUWEN) 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.


Suwen Tekstilnayi Pazarlama AS Altman Z-Score Related Terms


Suwen Tekstilnayi Pazarlama AS Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Suwen Tekstilnayi Pazarlama 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.

Suwen Tekstilnayi Pazarlama AS Altman Z-Score Chart

Suwen Tekstilnayi Pazarlama AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 6.69 6.92 5.24 3.43

Suwen Tekstilnayi Pazarlama 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 5.36 5.67 4.98 3.43 2.60

IST:SUWEN vs RL, LEVI, VFC: Altman Z-Score Comparison

For the Apparel Manufacturing subindustry, Suwen Tekstilnayi Pazarlama 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.


Suwen Tekstilnayi Pazarlama AS Altman Z-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Suwen Tekstilnayi Pazarlama AS's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Suwen Tekstilnayi Pazarlama AS's Altman Z-Score falls into.


IST:SUWEN
82GF Score
Suwen Tekstil Sanayi Pazarlama AS IST:SUWEN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suwen Tekstilnayi Pazarlama 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.

Suwen Tekstilnayi Pazarlama 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*0.0398+1.4*0.0131+3.3*0.1575+0.6*0.9445+1.0*1.3501
=2.50

* 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 ₺4,435 Mil.
Total Current Assets was ₺2,411 Mil.
Total Current Liabilities was ₺2,235 Mil.
Retained Earnings was ₺58 Mil.
Pre-Tax Income was -279.188 + -20.515 + 76.997 + 225.417 = ₺3 Mil.
Interest Expense was -250.639 + -177.762 + -165.415 + -101.921 = ₺-696 Mil.
Revenue was 1264.211 + 1595.11 + 1770.941 + 1357.41 = ₺5,988 Mil.
Market Cap (Today) was ₺2,777 Mil.
Total Liabilities was ₺2,940 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
=(2411.269 - 2234.762)/4434.89
=0.0398

X2=Retained Earnings/Total Assets
=58.284/4434.89
=0.0131

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.711 - -695.737)/4434.89
=0.1575

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2776.843/2939.95
=0.9445

X5=Revenue/Total Assets
=5987.672/4434.89
=1.3501

The zones of discrimination were as such:

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

Suwen Tekstilnayi Pazarlama AS has a Altman Z-Score of 2.50 indicating it is in Grey 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 2.50 mean?
Suwen Tekstilnayi Pazarlama AS (IST:SUWEN) has a Altman Z-Score of 2.50 as of Jul. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Suwen Tekstilnayi Pazarlama AS and its competitors. This is 62% below median its historical median of 6.56. Over the past decade, Suwen Tekstilnayi Pazarlama AS's Altman Z-Score has ranged from 2.50 to 12.08. According to the industry distribution chart, Suwen Tekstilnayi Pazarlama AS ranks #507 out of 1031 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 49.2%.
Is Suwen Tekstilnayi Pazarlama AS's Altman Z-Score too high?
Suwen Tekstilnayi Pazarlama AS's current Altman Z-Score of 2.50 is 62% below median its 10-year median of 6.56. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 12.08. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.47. Suwen Tekstilnayi Pazarlama AS's value of 2.50 is 1.2% above this industry median. Based on the distribution chart, Suwen Tekstilnayi Pazarlama AS ranks #507 out of 1031 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Suwen Tekstilnayi Pazarlama AS has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suwen Tekstilnayi Pazarlama AS's Altman Z-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Suwen Tekstilnayi Pazarlama AS ranks #507 out of 1031 companies for Altman Z-Score. This puts Suwen Tekstilnayi Pazarlama AS in the upper half of its industry. The industry median Altman Z-Score is 2.47. Suwen Tekstilnayi Pazarlama AS's value of 2.50 is 1.2% above this benchmark. Historically, Suwen Tekstilnayi Pazarlama AS's own Altman Z-Score has ranged from 2.50 to 12.08 over the past decade. While the company's 10-year median is 6.56 vs. the industry median of 2.47, Suwen Tekstilnayi Pazarlama 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.47, based on 1,031 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. Suwen Tekstilnayi Pazarlama AS's current Altman Z-Score of 2.50 is 1.2% 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 Suwen Tekstilnayi Pazarlama AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suwen Tekstilnayi Pazarlama AS's current Altman Z-Score is 2.50, which is 62% below median its own 10-year median of 6.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suwen Tekstilnayi Pazarlama AS stock overvalued right now?
Based on GuruFocus' analysis, Suwen Tekstilnayi Pazarlama AS (IST:SUWEN) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺10.37, compared to a current price of ₺7.06 — trading 31.9% below its estimated fair value. The current Altman Z-Score is 2.50, which is 62% below median its 10-year median of 6.56 and 1.2% above the Manufacturing - Apparel & Accessories industry median of 2.47. Suwen Tekstilnayi Pazarlama AS's overall GF Score™ is 82/100 with 10 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 Suwen Tekstilnayi Pazarlama AS (IST:SUWEN), the current Altman Z-Score is 2.50 as of Jul. 26, 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 Suwen Tekstilnayi Pazarlama AS (IST:SUWEN) Overvalued in 2026?

Based on GuruFocus' analysis, Suwen Tekstilnayi Pazarlama AS stock appears to be undervalued. The current stock price of ₺7.06 is trading 31.9% below its estimated GF Value™ of ₺10.37. GuruFocus considers Suwen Tekstilnayi Pazarlama AS to be Significantly Undervalued.

Key valuation signals for IST:SUWEN:

  • Altman Z-Score: 2.50 (62% below median its 10-year median of 6.56)
  • GF Value™: ₺10.37 vs. price of ₺7.06 (31.9% below fair value)
  • GF Score™: 82/100 with 10 warning signs
  • Industry Position: 1.2% above the Manufacturing - Apparel & Accessories median (#507 of 1031)

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


Suwen Tekstilnayi Pazarlama AS Business Description

Address Fatih Sultan Mehmet Mah, Balkan Cad. No: 39-41, Ic Kapi No: 1 Umraniye, Istanbul, TUR
Suwen Tekstil Sanayi Pazarlama AS produces imports, exports, domestic purchase and sale of all kinds of raw materials, semi-finished materials and finished products related to textiles. It is a retail company that produces and sells to its customers with products from underwear to home wear, from socks to corsets, from beach wear collections to puerperal groups with its own brand and design in Turkey.
82GF Score

Get the complete analysis for IST:SUWEN

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

₺7.06
Price
₺10.37
GF Value