Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) Gross Margin %: 16.43% (As of Mar. 2026) — 76% Below Median


IST:HLGYO Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO
60 GF Score
Price ₺5.42
GF Value ₺14.05
Valuation Possible Value Trap
! 7 Warning Signs
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What is Halk Gayrimenkul Yatirim Ortakligi AS Gross Margin %?

Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO +1.88% 60 Gross Margin % is 16.43% as of Mar. 2026, which is 76% below its 10-year median of 67.94. GuruFocus rates IST:HLGYO with a GF Score™ of 60/100 and a GF Value™ of ₺14.05 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 680 REITs companies, Halk Gayrimenkul Yatirim Ortakligi AS ranks worse than 96.91% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Halk Gayrimenkul Yatirim Ortakligi AS's Gross Profit for the three months ended in Mar. 2026 was ₺256 Mil. Halk Gayrimenkul Yatirim Ortakligi AS's Revenue for the three months ended in Mar. 2026 was ₺1,560 Mil. Therefore, Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % for the quarter that ended in Mar. 2026 was 16.43%.

Warning Sign:

Halk Gayrimenkul Yatirim Ortakligi AS gross margin has been in long-term decline. The average rate of decline per year is -16.9%.


The historical rank and industry rank for Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % or its related term are showing as below:

IST:HLGYO' s Gross Margin % Range Over the Past 10 Years
Min: 16.46   Med: 67.94   Max: 82.12
Current: 19.77


During the past 13 years, the highest Gross Margin % of Halk Gayrimenkul Yatirim Ortakligi AS was 82.12%. The lowest was 16.46%. And the median was 67.94%.

IST:HLGYO's Gross Margin % is ranked worse than
96.91% of 680 companies
in the REITs industry
Industry Median: 69.955 vs IST:HLGYO: 19.77

Halk Gayrimenkul Yatirim Ortakligi AS had a gross margin of 16.43% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Halk Gayrimenkul Yatirim Ortakligi AS was -16.90% per year.


Halk Gayrimenkul Yatirim Ortakligi AS  (IST:HLGYO) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Halk Gayrimenkul Yatirim Ortakligi AS had a gross margin of 16.43% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Halk Gayrimenkul Yatirim Ortakligi AS Gross Margin % Related Terms


Halk Gayrimenkul Yatirim Ortakligi AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % 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 Gross Margin % Chart

Halk Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.30 76.45 44.94 74.37 16.46

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
Gross Margin % 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 5.09 67.38 46.20 13.73 16.43

IST:HLGYO vs VICI, WPC: Gross Margin % Comparison

For the REIT - Diversified subindustry, Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % falls into.


IST:HLGYO
60GF Score
Halk Gayrimenkul Yatirim Ortakligi AS IST:HLGYO
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Halk Gayrimenkul Yatirim Ortakligi AS Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=3255.8 / 19783.252
=(Revenue - Cost of Goods Sold) / Revenue
=(19783.252 - 16527.487) / 19783.252
=16.46 %

Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=256.4 / 1560.49
=(Revenue - Cost of Goods Sold) / Revenue
=(1560.49 - 1304.139) / 1560.49
=16.43 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 16.43% mean?
Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO) has a Gross Margin % of 16.43% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Halk Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 76% below median its historical median of 67.94. Over the past decade, Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % has ranged from 16.46 to 82.12. According to the industry distribution chart, Halk Gayrimenkul Yatirim Ortakligi AS ranks #659 out of 680 companies in the REITs industry, placing it in the top 96.9%.
Is Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % too high?
Halk Gayrimenkul Yatirim Ortakligi AS's current Gross Margin % of 16.43% is 76% below median its 10-year median of 67.94. Over the past 10 years, this metric has ranged from a low of 16.46 to a high of 82.12. The REITs industry median Gross Margin % is 69.96. Halk Gayrimenkul Yatirim Ortakligi AS's value of 16.43% is 76.5% below this industry median. Based on the distribution chart, Halk Gayrimenkul Yatirim Ortakligi AS ranks #659 out of 680 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Halk Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Halk Gayrimenkul Yatirim Ortakligi AS's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Halk Gayrimenkul Yatirim Ortakligi AS ranks #659 out of 680 companies for Gross Margin %. This places Halk Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Gross Margin % is 69.96. Halk Gayrimenkul Yatirim Ortakligi AS's value of 16.43% is 76.5% below this benchmark. Historically, Halk Gayrimenkul Yatirim Ortakligi AS's own Gross Margin % has ranged from 16.46 to 82.12 over the past decade. While the company's 10-year median is 67.94 vs. the industry median of 69.96, Halk Gayrimenkul Yatirim Ortakligi 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.96, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halk Gayrimenkul Yatirim Ortakligi AS's current Gross Margin % of 16.43% is 76.5% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Halk Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Gross Margin % is 69.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halk Gayrimenkul Yatirim Ortakligi AS's current Gross Margin % is 16.43%, which is 76% below median its own 10-year median of 67.94. 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 ₺14.05, compared to a current price of ₺5.42 — trading 61.4% below its estimated fair value. The current Gross Margin % is 16.43%, which is 76% below median its 10-year median of 67.94 and 76.5% below the REITs industry median of 69.96. Halk Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Halk Gayrimenkul Yatirim Ortakligi AS (IST:HLGYO), the current Gross Margin % is 16.43% 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 ₺5.42 is trading 61.4% below its estimated GF Value™ of ₺14.05. GuruFocus considers Halk Gayrimenkul Yatirim Ortakligi AS to be Possible Value Trap.

Key valuation signals for IST:HLGYO:

  • Gross Margin %: 16.43% (76% below median its 10-year median of 67.94)
  • GF Value™: ₺14.05 vs. price of ₺5.42 (61.4% below fair value)
  • GF Score™: 60/100 with 7 warning signs
  • Industry Position: 76.5% below the REITs median (#659 of 680)

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.
60GF Score

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

₺5.42
Price
₺14.05
GF Value