Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) EBIT: ₺25,525 Mil (TTM As of Mar. 2026)


IST:HLGYO Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO
66 GF Score
Price ₺5.92
GF Value ₺8.92
Valuation Possible Value Trap
! 10 Warning Signs
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What is Halk Gayrimenkul Yatirim Ortakligi AS EBIT?

Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO +0.34% 66 EBIT is ₺25,525 Mil as of Mar. 2026. GuruFocus rates IST:HLGYO with a GF Score™ of 66/100 and a GF Value™ of ₺8.92 (Possible Value Trap). The stock has 10 warning signs investors should review.

Halk Gayrimenkul Yatirim Ortakligi AS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₺4,168 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₺25,525 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Halk Gayrimenkul Yatirim Ortakligi AS's annualized ROC % for the quarter that ended in Mar. 2026 was 0.30%. Halk Gayrimenkul Yatirim Ortakligi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 256.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Halk Gayrimenkul Yatirim Ortakligi AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.46%.

Halk Gayrimenkul Yatirim Ortakligi AS  (IST:HLGYO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Halk Gayrimenkul Yatirim Ortakligi AS's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=631.312 * ( 1 - 61.6% )/( (76211.663 + 87751.016)/ 2 )
=242.423808/81981.3395
=0.30 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=81024.226 - 502.466 - ( 4310.097 - max(0, 11573.295 - 16543.49+4310.097))
=76211.663

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=90792.689 - 834.288 - ( 4227.335 - max(0, 14628.721 - 16836.106+4227.335))
=87751.016

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Halk Gayrimenkul Yatirim Ortakligi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=16673.368/( ( (32.124 + max(6710.282, 0)) + (33.898 + max(6231.278, 0)) )/ 2 )
=16673.368/( ( 6742.406 + 6265.176 )/ 2 )
=16673.368/6503.791
=256.36 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(241.981 + 10865.538 + 1125.874) - (502.466 + 0 + 5020.645)
=6710.282

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(185.678 + 10691.945 + 1731.148) - (834.288 + 0 + 5543.205)
=6231.278

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Halk Gayrimenkul Yatirim Ortakligi AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=25524.771/42929.804
=59.46 %

* 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.

Halk Gayrimenkul Yatirim Ortakligi AS EBIT Related Terms

Halk Gayrimenkul Yatirim Ortakligi AS EBIT Historical Data

* Premium members only.

The historical data trend for Halk Gayrimenkul Yatirim Ortakligi AS's EBIT 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.

Halk Gayrimenkul Yatirim Ortakligi AS EBIT Chart

Halk Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 414.78 7,139.72 4,601.64 8,302.45 24,531.25

Halk Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 4,884.25 4,838.79 2,883.49 13,634.15 4,168.34

IST:HLGYO vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, Halk Gayrimenkul Yatirim Ortakligi AS's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Halk Gayrimenkul Yatirim Ortakligi AS EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Halk Gayrimenkul Yatirim Ortakligi AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Halk Gayrimenkul Yatirim Ortakligi AS's EV-to-EBIT falls into.


IST:HLGYO
66GF Score
Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Halk Gayrimenkul Yatirim Ortakligi AS EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

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 ₺25,525 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₺25,525 Mil mean?
Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) has a EBIT of ₺25,525 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Halk Gayrimenkul Yatirim Ortakligi AS.
Is Halk Gayrimenkul Yatirim Ortakligi AS's EBIT too high?
Halk Gayrimenkul Yatirim Ortakligi AS's current EBIT is ₺25,525 Mil. Overall, Halk Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Halk Gayrimenkul Yatirim Ortakligi AS's EBIT compare to VICI and WPC?
Halk Gayrimenkul Yatirim Ortakligi AS's EBIT of ₺25,525 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Halk Gayrimenkul Yatirim Ortakligi AS. Halk Gayrimenkul Yatirim Ortakligi AS's current EBIT is ₺25,525 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halk Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺8.92, compared to a current price of ₺5.92 — trading 33.6% below its estimated fair value. The current EBIT is ₺25,525 Mil. Halk Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 66/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO), the current EBIT is ₺25,525 Mil 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 Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Halk Gayrimenkul Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺5.92 is trading 33.6% below its estimated GF Value™ of ₺8.92. GuruFocus considers Halk Gayrimenkul Yatirim Ortakligi AS to be Possible Value Trap.

Key valuation signals for IST:HLGYO:

  • EBIT: ₺25,525 Mil
  • GF Value™: ₺8.92 vs. price of ₺5.92 (33.6% below fair value)
  • GF Score™: 66/100 with 10 warning signs

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

Halk Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Serifali Ciftligi Tatlisu, Mahallesi Ertugrulgazi Sokaz Number1, Yukari Dudullu - Umraniye, Istanbul, TUR, 34774
Halk Gayrimenkul Yatirim Ortakligi AS is a Turkey-based Real Estate Investment Trust. It was established with the aim of investing in real estate and real estate projects and accelerating the change and improvement in the real estate market. The projects of the company include Halk Towers, Evora Izmir Project, Bizimtepe Aydos Project, and Park Dedeman Levent Hotel among others.
66GF Score

Get the complete analysis for IST:HLGYO

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

₺5.92
Price
₺8.92
GF Value