ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Gross Margin %: 79.96% (As of Mar. 2026) — 42% Above Median

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IST:ZRGYO ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
80 GF Score
Price ₺18.21
GF Value ₺13.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Gross Margin %?

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO -1.57% 80 Gross Margin % is 79.96% as of Mar. 2026, which is 42% above its 10-year median of 56.23. GuruFocus rates IST:ZRGYO with a GF Score™ of 80/100 and a GF Value™ of ₺13.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 676 REITs companies, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks better than 70.86% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Profit for the three months ended in Mar. 2026 was ₺672 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Revenue for the three months ended in Mar. 2026 was ₺840 Mil. Therefore, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Margin % for the quarter that ended in Mar. 2026 was 79.96%.


The historical rank and industry rank for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Margin % or its related term are showing as below:

IST:ZRGYO' s Gross Margin % Range Over the Past 10 Years
Min: 22.84   Med: 56.23   Max: 96.68
Current: 80.53


During the past 8 years, the highest Gross Margin % of ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS was 96.68%. The lowest was 22.84%. And the median was 56.23%.

IST:ZRGYO's Gross Margin % is ranked better than
70.86% of 676 companies
in the REITs industry
Industry Median: 69.705 vs IST:ZRGYO: 80.53

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS had a gross margin of 79.96% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS was 9.80% per year.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS  (IST:ZRGYO) 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

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS had a gross margin of 79.96% for the quarter that ended in Mar. 2026 => Durable 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Gross Margin % Related Terms


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Gross Margin % Historical Data

* Premium members only.

The historical data trend for ZIRAAT 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Gross Margin % Chart

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 48.04 40.17 22.84 64.41 80.45

ZIRAAT 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 78.01 99.13 99.98 67.42 79.96

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

For the REIT - Diversified subindustry, ZIRAAT 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Gross Margin % vs REITs Industry

For the REITs industry and Real Estate sector, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Margin % distribution charts can be found below:

* The bar in red indicates where ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Margin % falls into.


IST:ZRGYO
80GF Score
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Gross Margin % Calculation

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

ZIRAAT 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 )
=2788.6 / 3466.335
=(Revenue - Cost of Goods Sold) / Revenue
=(3466.335 - 677.746) / 3466.335
=80.45 %

ZIRAAT 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 )
=672 / 840.463
=(Revenue - Cost of Goods Sold) / Revenue
=(840.463 - 168.443) / 840.463
=79.96 %

* 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 79.96% mean?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) has a Gross Margin % of 79.96% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. This is 42% above median its historical median of 56.23. Over the past decade, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Margin % has ranged from 22.84 to 96.68. According to the industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #197 out of 676 companies in the REITs industry, placing it in the top 29.1%.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Margin % too high?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Gross Margin % of 79.96% is 42% above median its 10-year median of 56.23. Over the past 10 years, this metric has ranged from a low of 22.84 to a high of 96.68. The REITs industry median Gross Margin % is 69.71. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 79.96% is 14.7% above this industry median. Based on the distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #197 out of 676 companies in the REITs industry, which is above the industry midpoint. Overall, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Gross Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #197 out of 676 companies for Gross Margin %. This puts ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS in the upper half of its industry. The industry median Gross Margin % is 69.71. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 79.96% is 14.7% above this benchmark. Historically, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's own Gross Margin % has ranged from 22.84 to 96.68 over the past decade. While the company's 10-year median is 56.23 vs. the industry median of 69.71, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 676 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. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Gross Margin % of 79.96% is 14.7% 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 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Gross Margin % is 79.96%, which is 42% above median its own 10-year median of 56.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock overvalued right now?
Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.94, compared to a current price of ₺18.21 — trading 30.6% above its estimated fair value. The current Gross Margin % is 79.96%, which is 42% above median its 10-year median of 56.23 and 14.7% above the REITs industry median of 69.71. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's overall GF Score™ is 80/100 with 5 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO), the current Gross Margin % is 79.96% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock appears to be overvalued. The current stock price of ₺18.21 is trading 30.6% above its estimated GF Value™ of ₺13.94. GuruFocus considers ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS to be Significantly Overvalued.

Key valuation signals for IST:ZRGYO:

  • Gross Margin %: 79.96% (42% above median its 10-year median of 56.23)
  • GF Value™: ₺13.94 vs. price of ₺18.21 (30.6% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 14.7% above the REITs median (#197 of 676)

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


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Business Description

Industry Real EstateREITs
Address Sahrayi Cedit Mahallesi, Ataturk Caddesi No: 48, Kat: 8-9, Kozyatagi-Kadikoy, Istanbul, TUR, 34734
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.
80GF Score

Get the complete analysis for IST:ZRGYO

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

₺18.21
Price
₺13.94
GF Value