Marti Otel Isletmeleri AS (IST:MARTI) EBIT: ₺699 Mil (TTM As of Sep. 2025)


IST:MARTI Marti Otel Isletmeleri AS IST:MARTI
25 GF Score
Price ₺1.91
GF Value ₺7.41
Valuation Possible Value Trap
! 6 Warning Signs
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What is Marti Otel Isletmeleri AS EBIT?

Marti Otel Isletmeleri AS IST:MARTI +3.80% 25 EBIT is ₺699 Mil as of Sep. 2025. GuruFocus rates IST:MARTI with a GF Score™ of 25/100 and a GF Value™ of ₺7.41 (Possible Value Trap). The stock has 6 warning signs investors should review.

Marti Otel Isletmeleri AS's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2025 was ₺634 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was ₺699 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Marti Otel Isletmeleri AS's annualized ROC % for the quarter that ended in Sep. 2025 was 0.19%. Marti Otel Isletmeleri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 6.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Marti Otel Isletmeleri AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 4.45%.


Marti Otel Isletmeleri AS  (IST:MARTI) EBIT Explanation

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

Marti Otel Isletmeleri AS's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=300.946 * ( 1 - 85.99% )/( (19604.584 + 24037.647)/ 2 )
=42.1625346/21821.1155
=0.19 %

where

Invested Capital(Q: Mar. 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))
=18913.363 - 222.77 - ( 10.868 - max(0, 1168.845 - 254.854+10.868))
=19604.584

Invested Capital(Q: Sep. 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))
=23339.615 - 554.697 - ( 107.963 - max(0, 1965.85 - 713.121+107.963))
=24037.647

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

Marti Otel Isletmeleri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1268.646/( ( (16607.478 + max(-236.817, 0)) + (20128.636 + max(-376.126, 0)) )/ 2 )
=1268.646/( ( 16607.478 + 20128.636 )/ 2 )
=1268.646/18368.057
=6.91 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(72.93 + 44.057 + 112.003) - (222.77 + 0 + 243.037)
=-236.817

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(378.315 + 77.992 + 121.587) - (554.697 + 0 + 399.323)
=-376.126

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

Marti Otel Isletmeleri AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=699.143/15703.201
=4.45 %

* 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.


Marti Otel Isletmeleri AS EBIT Related Terms


Marti Otel Isletmeleri AS EBIT Historical Data

* Premium members only.

The historical data trend for Marti Otel Isletmeleri 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.

Marti Otel Isletmeleri AS EBIT Chart

Marti Otel Isletmeleri AS Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 126.05 -10.24 192.86 -241.13 489.72

Marti Otel Isletmeleri AS Semi-Annual Data
Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 244.07 -485.19 424.90 64.82 634.32

IST:MARTI vs MAR, HLT, H: EBIT Comparison

For the Lodging subindustry, Marti Otel Isletmeleri 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.


Marti Otel Isletmeleri AS EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Marti Otel Isletmeleri AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Marti Otel Isletmeleri AS's EV-to-EBIT falls into.


IST:MARTI
25GF Score
Marti Otel Isletmeleri AS IST:MARTI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marti Otel Isletmeleri 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₺699 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 ₺699 Mil mean?
Marti Otel Isletmeleri AS (IST:MARTI) has a EBIT of ₺699 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Marti Otel Isletmeleri AS.
Is Marti Otel Isletmeleri AS's EBIT too high?
Marti Otel Isletmeleri AS's current EBIT is ₺699 Mil. Overall, Marti Otel Isletmeleri AS has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Marti Otel Isletmeleri AS's EBIT compare to MAR and HLT?
Marti Otel Isletmeleri AS's EBIT of ₺699 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good EBIT depends on the Travel & Leisure 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 Marti Otel Isletmeleri AS. Marti Otel Isletmeleri AS's current EBIT is ₺699 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marti Otel Isletmeleri AS stock overvalued right now?
Based on GuruFocus' analysis, Marti Otel Isletmeleri AS (IST:MARTI) is currently considered Possible Value Trap. The stock's GF Value™ is ₺7.41, compared to a current price of ₺1.91 — trading 74.2% below its estimated fair value. The current EBIT is ₺699 Mil. Marti Otel Isletmeleri AS's overall GF Score™ is 25/100 with 6 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 Marti Otel Isletmeleri AS (IST:MARTI), the current EBIT is ₺699 Mil as of Sep. 2025. 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 Marti Otel Isletmeleri AS (IST:MARTI) Overvalued in 2026?

Based on GuruFocus' analysis, Marti Otel Isletmeleri AS stock appears to be undervalued. The current stock price of ₺1.91 is trading 74.2% below its estimated GF Value™ of ₺7.41. GuruFocus considers Marti Otel Isletmeleri AS to be Possible Value Trap.

Key valuation signals for IST:MARTI:

  • EBIT: ₺699 Mil
  • GF Value™: ₺7.41 vs. price of ₺1.91 (74.2% below fair value)
  • GF Score™: 25/100 with 6 warning signs

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


Marti Otel Isletmeleri AS Business Description

Address Devres Han No:50/4, Inonu Caddesi, Beyoglu, Gumussuyu, Istanbul, TUR
Marti Otel Isletmeleri AS is engaged in the operation of tourist resorts and hotels located in Turkey.
25GF Score

Get the complete analysis for IST:MARTI

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

₺1.91
Price
₺7.41
GF Value