Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) Return-on-Tangible-Asset: -1.88% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:DZGYO Deniz Gayrimenkul Yatirim Ortakligi AS IST:DZGYO
35 GF Score
Price ₺7.12
GF Value ₺1.62
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Deniz Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset?

Deniz Gayrimenkul Yatirim Ortakligi AS IST:DZGYO +0.42% 35 Return-on-Tangible-Asset is -1.88% as of Jun. 2026. GuruFocus rates IST:DZGYO with a GF Score™ of 35/100 and a GF Value™ of ₺1.62 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 925 REITs companies, Deniz Gayrimenkul Yatirim Ortakligi AS ranks better than 52.86% 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. Deniz Gayrimenkul Yatirim Ortakligi AS's annualized Net Income for the quarter that ended in Jun. 2026 was ₺-151.9 Mil. Deniz Gayrimenkul Yatirim Ortakligi AS's average total tangible assets for the quarter that ended in Jun. 2026 was ₺8,093.7 Mil. Therefore, Deniz Gayrimenkul Yatirim Ortakligi AS's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -1.88%.

The historical rank and industry rank for Deniz Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset or its related term are showing as below:

IST:DZGYO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.69   Med: 6.71   Max: 14.9
Current: 3.56

During the past 13 years, Deniz Gayrimenkul Yatirim Ortakligi AS's highest Return-on-Tangible-Asset was 14.90%. The lowest was 0.69%. And the median was 6.71%.

IST:DZGYO's Return-on-Tangible-Asset is ranked better than
52.86% of 925 companies
in the REITs industry
Industry Median: 3.31 vs IST:DZGYO: 3.56

Deniz Gayrimenkul Yatirim Ortakligi AS  (IST:DZGYO) 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.


Deniz Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Related Terms


Deniz Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Deniz Gayrimenkul Yatirim Ortakligi 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.

Deniz Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Chart

Deniz Gayrimenkul Yatirim Ortakligi 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 9.53 14.90 3.02 12.55 4.28

Deniz Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.89 3.81 13.43 0.31 -1.88

IST:DZGYO vs VICI, WPC: Return-on-Tangible-Asset Comparison

For the REIT - Diversified subindustry, Deniz Gayrimenkul Yatirim Ortakligi 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.


Deniz Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset vs REITs Industry

For the REITs industry and Real Estate sector, Deniz Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Deniz Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset falls into.


IST:DZGYO
35GF Score
Deniz Gayrimenkul Yatirim Ortakligi AS IST:DZGYO
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deniz Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Calculation

Deniz Gayrimenkul Yatirim Ortakligi 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 )
=283.764/( (6263.647+6993.67)/ 2 )
=283.764/6628.6585
=4.28 %

Deniz Gayrimenkul Yatirim Ortakligi AS's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=-151.852/( (7656.778+8530.659)/ 2 )
=-151.852/8093.7185
=-1.88 %

* 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 -1.88% mean?
Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) has a Return-on-Tangible-Asset of -1.88% 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 Deniz Gayrimenkul Yatirim Ortakligi AS and its competitors. Over the past decade, Deniz Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset has ranged from 0.69 to 14.90. According to the industry distribution chart, Deniz Gayrimenkul Yatirim Ortakligi AS ranks #436 out of 925 companies in the REITs industry, placing it in the top 47.1%.
Is Deniz Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset too high?
Deniz Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset is -1.88%. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 14.90. Based on the distribution chart, Deniz Gayrimenkul Yatirim Ortakligi AS ranks #436 out of 925 companies in the REITs industry, which is above the industry midpoint. Overall, Deniz Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deniz Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Deniz Gayrimenkul Yatirim Ortakligi AS ranks #436 out of 925 companies for Return-on-Tangible-Asset. This puts Deniz Gayrimenkul Yatirim Ortakligi AS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Historically, Deniz Gayrimenkul Yatirim Ortakligi AS's own Return-on-Tangible-Asset has ranged from 0.69 to 14.90 over the past decade. 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 REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.31, based on 925 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. 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 Deniz Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs 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. Deniz Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset is -1.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deniz Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1.62, compared to a current price of ₺7.12 — trading 339.5% above its estimated fair value. The current Return-on-Tangible-Asset is -1.88%. Deniz Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 35/100 with 6 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 Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO), the current Return-on-Tangible-Asset is -1.88% 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 Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Deniz Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺7.12 is trading 339.5% above its estimated GF Value™ of ₺1.62. GuruFocus considers Deniz Gayrimenkul Yatirim Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:DZGYO:

  • Return-on-Tangible-Asset: -1.88%
  • GF Value™: ₺1.62 vs. price of ₺7.12 (339.5% above fair value)
  • GF Score™: 35/100 with 6 warning signs

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


Deniz Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Buyukdere Caddesi No.106, Esentepe, Istanbul, TUR, 34394
Deniz Gayrimenkul Yatirim Ortakligi AS operates as a capital market institution. The company exports its shares to operate its portfolio consisting of real estates, real estate projects, real estate based rights, capital market instruments and other assets. Its portfolio of investments includes Bahcesehir shopping mall, Goksu shopping mall, Metrokent center shopping mall, Metrokent education buildings, and Karakoy building.
35GF Score

Get the complete analysis for IST:DZGYO

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

₺7.12
Price
₺1.62
GF Value