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.
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.
Arsan Holding ASIST:ARSAN +3.89%49 Earnings Yield (Joel Greenblatt) % is 6.41% as of Mar. 2026, which is 65% below its 10-year median of 18.40. GuruFocus rates IST:ARSAN with a GF Score™ of 49/100 and a GF Value™ of ₺2.85 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,804 Construction companies, Arsan Holding AS ranks better than 54.49% on this metric.
Arsan Holding AS's Enterprise Value for the quarter that ended in Mar. 2026 was ₺5,816.7 Mil.
Arsan Holding AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₺372.9 Mil. Arsan Holding AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 6.41%.
The historical rank and industry rank for Arsan Holding AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IST:ARSAN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37.66 Med: 18.4 Max: 142.85
Current: 6.9
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Arsan Holding AS was 142.85%. The lowest was -37.66%. And the median was 18.40%.
IST:ARSAN's Earnings Yield (Joel Greenblatt) % is ranked better than 54.49% of 1804
companies
in the Construction industry
Industry Median: 6.405
vs IST:ARSAN: 6.90
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Arsan Holding AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Arsan Holding AS (IST:ARSAN) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Arsan Holding AS Earnings Yield (Joel Greenblatt) % Related Terms
Arsan Holding AS Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Arsan Holding AS's Earnings Yield (Joel Greenblatt) % 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.
Arsan Holding AS Earnings Yield (Joel Greenblatt) % Chart
For the Engineering & Construction subindustry, Arsan Holding AS's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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.
Arsan Holding AS Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Arsan Holding AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Arsan Holding AS's Earnings Yield (Joel Greenblatt) % falls into.
Arsan Holding AS Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Arsan Holding ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Arsan Holding AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺372.9 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.41% mean?
Arsan Holding AS (IST:ARSAN) has a Earnings Yield (Joel Greenblatt) % of 6.41% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Arsan Holding AS and its competitors. This is 65% below median its historical median of 18.40. According to the industry distribution chart, Arsan Holding AS ranks #821 out of 1804 companies in the Construction industry, placing it in the top 45.5%.
Is Arsan Holding AS's Earnings Yield (Joel Greenblatt) % too high?
Arsan Holding AS's current Earnings Yield (Joel Greenblatt) % of 6.41% is 65% below median its 10-year median of 18.40. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.41. Arsan Holding AS's value of 6.41% is 0.1% above this industry median. Based on the distribution chart, Arsan Holding AS ranks #821 out of 1804 companies in the Construction industry, which is above the industry midpoint. Overall, Arsan Holding AS has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arsan Holding AS's Earnings Yield (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Arsan Holding AS ranks #821 out of 1804 companies for Earnings Yield (Joel Greenblatt) %. This puts Arsan Holding AS in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.41. Arsan Holding AS's value of 6.41% is 0.1% above this benchmark. While the company's 10-year median is 18.40 vs. the industry median of 6.41, Arsan Holding 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 Earnings Yield (Joel Greenblatt) % for a Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.41, based on 1,804 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arsan Holding AS's current Earnings Yield (Joel Greenblatt) % of 6.41% is 0.1% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Arsan Holding AS and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arsan Holding AS's current Earnings Yield (Joel Greenblatt) % is 6.41%, which is 65% below median its own 10-year median of 18.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arsan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Arsan Holding AS (IST:ARSAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺2.85, compared to a current price of ₺3.47 — trading 21.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.41%, which is 65% below median its 10-year median of 18.40 and 0.1% above the Construction industry median of 6.41. Arsan Holding 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Arsan Holding AS (IST:ARSAN), the current Earnings Yield (Joel Greenblatt) % is 6.41% as of Mar. 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 Arsan Holding AS (IST:ARSAN) Overvalued in 2026?
Based on GuruFocus' analysis, Arsan Holding AS stock appears to be overvalued.
The current stock price of ₺3.47 is trading 21.8% above its estimated GF Value™ of ₺2.85.
GuruFocus considers Arsan Holding AS to be Modestly Overvalued.
Key valuation signals for IST:ARSAN:
Earnings Yield (Joel Greenblatt) %: 6.41% (65% below median its 10-year median of 18.40)
GF Value™: ₺2.85 vs. price of ₺3.47 (21.8% above fair value)
Industry Position: 0.1% above the Construction median (#821 of 1804)
No single metric tells the full story. See the IST:ARSAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arsan Holding AS is a Turkey-based company involved in the Investment of infrastructure construction (water systems, dams, treatment plants), iron-steel production, energy generation (hydropower), natural gas distribution, and other industrial investments.
49GF Score
Get the complete analysis for IST:ARSAN
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IST:ARSAN has been successfully added to your 
