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Hedef HoldingIST:HEDEF -10.00%61 Return-on-Tangible-Asset is 29.57% as of Jun. 2026, which is 52% above its 10-year median of 19.49. GuruFocus rates IST:HEDEF with a GF Score™ of 61/100 and a GF Value™ of ₺37.70 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,629 Asset Management companies, Hedef Holding ranks better than 93.98% 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. Hedef Holding's annualizedNet Income for the quarter that ended in Jun. 2026 was ₺2,412 Mil. Hedef Holding's average total tangible assets for the quarter that ended in Jun. 2026 was ₺8,159 Mil. Therefore, Hedef Holding's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 29.57%.
The historical rank and industry rank for Hedef Holding's Return-on-Tangible-Asset or its related term are showing as below:
IST:HEDEF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -38.84 Med: 19.49 Max: 78.65
Current: 31.87
During the past 8 years, Hedef Holding's highest Return-on-Tangible-Asset was 78.65%. The lowest was -38.84%. And the median was 19.49%.
IST:HEDEF's Return-on-Tangible-Asset is ranked better than 93.98% of 1629
companies
in the Asset Management industry
Industry Median: 4.62
vs IST:HEDEF: 31.87
Hedef Holding (IST:HEDEF) 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.
Hedef Holding Return-on-Tangible-Asset Related Terms
Hedef Holding Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hedef Holding'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:HEDEF vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Hedef Holding'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.
Hedef Holding Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hedef Holding's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hedef Holding'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 29.57% mean?
Hedef Holding (IST:HEDEF) has a Return-on-Tangible-Asset of 29.57% 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 Hedef Holding and its competitors. This is 52% above median its historical median of 19.49. According to the industry distribution chart, Hedef Holding ranks #98 out of 1629 companies in the Asset Management industry, placing it in the top 6%.
Is Hedef Holding's Return-on-Tangible-Asset too high?
Hedef Holding's current Return-on-Tangible-Asset of 29.57% is 52% above median its 10-year median of 19.49. The Asset Management industry median Return-on-Tangible-Asset is 4.62. Hedef Holding's value of 29.57% is 540% above this industry median. Based on the distribution chart, Hedef Holding ranks #98 out of 1629 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hedef Holding has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hedef Holding's Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Hedef Holding ranks #98 out of 1629 companies for Return-on-Tangible-Asset. This places Hedef Holding in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.62. Hedef Holding's value of 29.57% is 540% above this benchmark. While the company's 10-year median is 19.49 vs. the industry median of 4.62, Hedef Holding 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 Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.62, based on 1,629 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. Hedef Holding's current Return-on-Tangible-Asset of 29.57% is 540% 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 Hedef Holding and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedef Holding's current Return-on-Tangible-Asset is 29.57%, which is 52% above median its own 10-year median of 19.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedef Holding stock overvalued right now?
Based on GuruFocus' analysis, Hedef Holding (IST:HEDEF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺37.70, compared to a current price of ₺93.60 — trading 148.3% above its estimated fair value. The current Return-on-Tangible-Asset is 29.57%, which is 52% above median its 10-year median of 19.49 and 540% above the Asset Management industry median of 4.62. Hedef Holding's overall GF Score™ is 61/100 with 4 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 Hedef Holding (IST:HEDEF), the current Return-on-Tangible-Asset is 29.57% 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 Hedef Holding (IST:HEDEF) Overvalued in 2026?
Based on GuruFocus' analysis, Hedef Holding stock appears to be overvalued.
The current stock price of ₺93.60 is trading 148.3% above its estimated GF Value™ of ₺37.70.
GuruFocus considers Hedef Holding to be Significantly Overvalued.
Key valuation signals for IST:HEDEF:
Return-on-Tangible-Asset: 29.57% (52% above median its 10-year median of 19.49)
GF Value™: ₺37.70 vs. price of ₺93.60 (148.3% above fair value)
Industry Position: 540% above the Asset Management median (#98 of 1629)
No single metric tells the full story. See the IST:HEDEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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