Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) Return-on-Tangible-Asset: 5.31% (As of Mar. 2026) — 60% Below Median


IST:ASELS Aselsan Elektronik Sanayi Ve Ticaret AS IST:ASELS
79 GF Score
Price ₺401.75
GF Value ₺115.12
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Aselsan Elektroniknayi Ve Ticaret AS Return-on-Tangible-Asset?

Aselsan Elektroniknayi Ve Ticaret AS IST:ASELS +0.56% 79 Return-on-Tangible-Asset is 5.31% as of Mar. 2026, which is 60% below its 10-year median of 13.23. GuruFocus rates IST:ASELS with a GF Score™ of 79/100 and a GF Value™ of ₺115.12 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 356 Aerospace & Defense companies, Aselsan Elektroniknayi Ve Ticaret AS ranks better than 83.43% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Aselsan Elektroniknayi Ve Ticaret AS's annualized Net Income for the quarter that ended in Mar. 2026 was ₺22,157 Mil. Aselsan Elektroniknayi Ve Ticaret AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺417,117 Mil. Therefore, Aselsan Elektroniknayi Ve Ticaret AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.31%.

The historical rank and industry rank for Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset or its related term are showing as below:

IST:ASELS' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.43   Med: 13.23   Max: 18.6
Current: 10.02

During the past 13 years, Aselsan Elektroniknayi Ve Ticaret AS's highest Return-on-Tangible-Asset was 18.60%. The lowest was 1.43%. And the median was 13.23%.

IST:ASELS's Return-on-Tangible-Asset is ranked better than
83.43% of 356 companies
in the Aerospace & Defense industry
Industry Median: 3.085 vs IST:ASELS: 10.02

Aselsan Elektroniknayi Ve Ticaret AS  (IST:ASELS) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Aselsan Elektroniknayi Ve Ticaret AS Return-on-Tangible-Asset Related Terms


Aselsan Elektroniknayi Ve Ticaret AS Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset 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.

Aselsan Elektroniknayi Ve Ticaret AS Return-on-Tangible-Asset Chart

Aselsan Elektroniknayi Ve Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.60 1.43 6.27 8.19 8.76

Aselsan Elektroniknayi Ve Ticaret AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset 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 4.47 6.33 6.94 21.44 5.31

IST:ASELS vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison

For the Aerospace & Defense subindustry, Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Aselsan Elektroniknayi Ve Ticaret AS Return-on-Tangible-Asset vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset falls into.


IST:ASELS
79GF Score
Aselsan Elektronik Sanayi Ve Ticaret AS IST:ASELS
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Aselsan Elektroniknayi Ve Ticaret AS Return-on-Tangible-Asset Calculation

Aselsan Elektroniknayi Ve Ticaret AS's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=29949.517/( (289226.989+394304.804)/ 2 )
=29949.517/341765.8965
=8.76 %

Aselsan Elektroniknayi Ve Ticaret AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=22157.248/( (394304.804+439928.521)/ 2 )
=22157.248/417116.6625
=5.31 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 5.31% mean?
Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) has a Return-on-Tangible-Asset of 5.31% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aselsan Elektroniknayi Ve Ticaret AS and its competitors. This is 60% below median its historical median of 13.23. Over the past decade, Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset has ranged from 1.43 to 18.60. According to the industry distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #59 out of 356 companies in the Aerospace & Defense industry, placing it in the top 16.6%.
Is Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset too high?
Aselsan Elektroniknayi Ve Ticaret AS's current Return-on-Tangible-Asset of 5.31% is 60% below median its 10-year median of 13.23. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 18.60. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.09. Aselsan Elektroniknayi Ve Ticaret AS's value of 5.31% is 72.1% above this industry median. Based on the distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #59 out of 356 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Aselsan Elektroniknayi Ve Ticaret AS has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aselsan Elektroniknayi Ve Ticaret AS's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #59 out of 356 companies for Return-on-Tangible-Asset. This places Aselsan Elektroniknayi Ve Ticaret AS in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.09. Aselsan Elektroniknayi Ve Ticaret AS's value of 5.31% is 72.1% above this benchmark. Historically, Aselsan Elektroniknayi Ve Ticaret AS's own Return-on-Tangible-Asset has ranged from 1.43 to 18.60 over the past decade. While the company's 10-year median is 13.23 vs. the industry median of 3.09, Aselsan Elektroniknayi Ve Ticaret 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 Return-on-Tangible-Asset for an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.09, based on 356 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aselsan Elektroniknayi Ve Ticaret AS's current Return-on-Tangible-Asset of 5.31% is 72.1% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aselsan Elektroniknayi Ve Ticaret AS and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aselsan Elektroniknayi Ve Ticaret AS's current Return-on-Tangible-Asset is 5.31%, which is 60% below median its own 10-year median of 13.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aselsan Elektroniknayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺115.12, compared to a current price of ₺401.75 — trading 249% above its estimated fair value. The current Return-on-Tangible-Asset is 5.31%, which is 60% below median its 10-year median of 13.23 and 72.1% above the Aerospace & Defense industry median of 3.09. Aselsan Elektroniknayi Ve Ticaret AS's overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS), the current Return-on-Tangible-Asset is 5.31% 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 Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) Overvalued in 2026?

Based on GuruFocus' analysis, Aselsan Elektroniknayi Ve Ticaret AS stock appears to be overvalued. The current stock price of ₺401.75 is trading 249% above its estimated GF Value™ of ₺115.12. GuruFocus considers Aselsan Elektroniknayi Ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:ASELS:

  • Return-on-Tangible-Asset: 5.31% (60% below median its 10-year median of 13.23)
  • GF Value™: ₺115.12 vs. price of ₺401.75 (249% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 72.1% above the Aerospace & Defense median (#59 of 356)

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


Aselsan Elektroniknayi Ve Ticaret AS Business Description

Address Mehmet Akif Ersoy Mahallesi 296, Cadde No.16, Yenimahalle, Ankara, TUR, 06370
Aselsan Elektronik Sanayi Ve Ticaret AS provides defense technologies to the Turkish armed forces. Additionally, it exports systems and solutions to clients in other countries and has taken on civil projects. Its products may help with communications, radars, sensing, or other defense systems to enhance proficiencies within the industrials sector. Marketing efforts may be geared toward a specific customer or specific segment in the market, and plans are implemented to showcase product capabilities.
79GF Score

Get the complete analysis for IST:ASELS

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

₺401.75
Price
₺115.12
GF Value