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Aygaz ASIST:AYGAZ -5.75%52 Return-on-Tangible-Asset is 0.66% as of Mar. 2026, which is 92% below its 10-year median of 7.98. GuruFocus rates IST:AYGAZ with a GF Score™ of 52/100 and a GF Value™ of ₺154.61 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 510 Utilities - Regulated companies, Aygaz AS ranks better than 80.2% 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. Aygaz AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺540 Mil. Aygaz AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺81,867 Mil. Therefore, Aygaz AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.66%.
The historical rank and industry rank for Aygaz AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:AYGAZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.48 Med: 7.98 Max: 25.41
Current: 6.71
During the past 13 years, Aygaz AS's highest Return-on-Tangible-Asset was 25.41%. The lowest was -0.48%. And the median was 7.98%.
IST:AYGAZ's Return-on-Tangible-Asset is ranked better than 80.2% of 510
companies
in the Utilities - Regulated industry
Industry Median: 3.305
vs IST:AYGAZ: 6.71
Aygaz AS (IST:AYGAZ) 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 companys 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 companys 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.
Aygaz AS Return-on-Tangible-Asset Related Terms
Aygaz AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Aygaz 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.
IST:AYGAZ vs ATO, NI, UGI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Aygaz 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.
Aygaz AS Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aygaz AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aygaz AS's Return-on-Tangible-Asset falls into.
* 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 0.66% mean?
Aygaz AS (IST:AYGAZ) has a Return-on-Tangible-Asset of 0.66% 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 Aygaz AS and its competitors. This is 92% below median its historical median of 7.98. According to the industry distribution chart, Aygaz AS ranks #101 out of 510 companies in the Utilities - Regulated industry, placing it in the top 19.8%.
Is Aygaz AS's Return-on-Tangible-Asset too high?
Aygaz AS's current Return-on-Tangible-Asset of 0.66% is 92% below median its 10-year median of 7.98. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.31. Aygaz AS's value of 0.66% is 80% below this industry median. Based on the distribution chart, Aygaz AS ranks #101 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Aygaz AS has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Aygaz AS ranks #101 out of 510 companies for Return-on-Tangible-Asset. This places Aygaz AS in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. Aygaz AS's value of 0.66% is 80% below this benchmark. While the company's 10-year median is 7.98 vs. the industry median of 3.31, Aygaz 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 Return-on-Tangible-Asset for an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.31, based on 510 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. Aygaz AS's current Return-on-Tangible-Asset of 0.66% is 80% 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 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 Aygaz AS and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aygaz AS's current Return-on-Tangible-Asset is 0.66%, which is 92% below median its own 10-year median of 7.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺154.61, compared to a current price of ₺270.25 — trading 74.8% above its estimated fair value. The current Return-on-Tangible-Asset is 0.66%, which is 92% below median its 10-year median of 7.98 and 80% below the Utilities - Regulated industry median of 3.31. Aygaz AS's overall GF Score™ is 52/100 with 10 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 Aygaz AS (IST:AYGAZ), the current Return-on-Tangible-Asset is 0.66% 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued.
The current stock price of ₺270.25 is trading 74.8% above its estimated GF Value™ of ₺154.61.
GuruFocus considers Aygaz AS to be Significantly Overvalued.
Key valuation signals for IST:AYGAZ:
Return-on-Tangible-Asset: 0.66% (92% below median its 10-year median of 7.98)
GF Value™: ₺154.61 vs. price of ₺270.25 (74.8% above fair value)
Industry Position: 80% below the Utilities - Regulated median (#101 of 510)
No single metric tells the full story. See the IST:AYGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
52GF Score
Get the complete analysis for IST:AYGAZ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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