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Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) 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.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Return-on-Tangible-Asset Related Terms
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Return-on-Tangible-Asset Historical Data
* 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.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Return-on-Tangible-Asset Chart
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Annual Data
* 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.
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Return-on-Tangible-Asset vs Steel Industry
* 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.71% mean?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) has a Return-on-Tangible-Asset of 6.71% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. This is 167% above median its historical median of 2.51. According to the industry distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #268 out of 633 companies in the Steel industry, placing it in the top 42.3%.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Return-on-Tangible-Asset too high?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Return-on-Tangible-Asset of 6.71% is 167% above median its 10-year median of 2.51. The Steel industry median Return-on-Tangible-Asset is 2.31. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's value of 6.71% is 190.5% above this industry median. Based on the distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #268 out of 633 companies in the Steel industry, which is above the industry midpoint. Overall, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #268 out of 633 companies for Return-on-Tangible-Asset. This puts Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.31. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's value of 6.71% is 190.5% above this benchmark. While the company's 10-year median is 2.51 vs. the industry median of 2.31, Borusan Birlesik Boru Fabrikalarinayi 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 a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.31, based on 633 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. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Return-on-Tangible-Asset of 6.71% is 190.5% 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Return-on-Tangible-Asset is 6.71%, which is 167% above median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) is currently considered Fairly Valued. The stock's GF Value™ is ₺700.48, compared to a current price of ₺694.00 — trading 0.9% below its estimated fair value. The current Return-on-Tangible-Asset is 6.71%, which is 167% above median its 10-year median of 2.51 and 190.5% above the Steel industry median of 2.31. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's overall GF Score™ is 67/100 with 5 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN), the current Return-on-Tangible-Asset is 6.71% as of Jun. 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Overvalued in 2026?
Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock appears to be undervalued.
The current stock price of ₺694.00 is trading 0.9% below its estimated GF Value™ of ₺700.48.
GuruFocus considers Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS to be Fairly Valued.
Key valuation signals for IST:BRSAN:
Return-on-Tangible-Asset: 6.71% (167% above median its 10-year median of 2.51)
GF Value™: ₺700.48 vs. price of ₺694.00 (0.9% below fair value)
Industry Position: 190.5% above the Steel median (#268 of 633)
No single metric tells the full story. See the IST:BRSAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.
67GF Score
Get the complete analysis for IST:BRSAN
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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