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.
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.
Kordsa Teknik Tekstil ASIST:KORDS +3.36%73 Return-on-Tangible-Asset is 0.34% as of Mar. 2026, which is 95% below its 10-year median of 6.28. GuruFocus rates IST:KORDS with a GF Score™ of 73/100 and a GF Value™ of ₺89.30 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,065 Manufacturing - Apparel & Accessories companies, Kordsa Teknik Tekstil AS ranks worse than 79.34% 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. Kordsa Teknik Tekstil AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺132 Mil. Kordsa Teknik Tekstil AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺39,189 Mil. Therefore, Kordsa Teknik Tekstil AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.34%.
The historical rank and industry rank for Kordsa Teknik Tekstil AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:KORDS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.12 Med: 6.28 Max: 9.19
Current: -2.97
During the past 13 years, Kordsa Teknik Tekstil AS's highest Return-on-Tangible-Asset was 9.19%. The lowest was -4.12%. And the median was 6.28%.
IST:KORDS's Return-on-Tangible-Asset is ranked worse than 79.34% of 1065
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs IST:KORDS: -2.97
Kordsa Teknik Tekstil AS (IST:KORDS) 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.
Kordsa Teknik Tekstil AS Return-on-Tangible-Asset Related Terms
Kordsa Teknik Tekstil AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kordsa Teknik Tekstil 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.
Kordsa Teknik Tekstil AS Return-on-Tangible-Asset Chart
Kordsa Teknik Tekstil AS Return-on-Tangible-Asset Competitor Comparison
For the Textile Manufacturing subindustry, Kordsa Teknik Tekstil 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.
Kordsa Teknik Tekstil AS Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kordsa Teknik Tekstil AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kordsa Teknik Tekstil 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 0.34% mean?
Kordsa Teknik Tekstil AS (IST:KORDS) has a Return-on-Tangible-Asset of 0.34% 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 Kordsa Teknik Tekstil AS and its competitors. This is 95% below median its historical median of 6.28. According to the industry distribution chart, Kordsa Teknik Tekstil AS ranks #845 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 79.3%.
Is Kordsa Teknik Tekstil AS's Return-on-Tangible-Asset too high?
Kordsa Teknik Tekstil AS's current Return-on-Tangible-Asset of 0.34% is 95% below median its 10-year median of 6.28. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. Kordsa Teknik Tekstil AS's value of 0.34% is 82.9% below this industry median. Based on the distribution chart, Kordsa Teknik Tekstil AS ranks #845 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Kordsa Teknik Tekstil AS has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kordsa Teknik Tekstil AS's Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kordsa Teknik Tekstil AS ranks #845 out of 1065 companies for Return-on-Tangible-Asset. This places Kordsa Teknik Tekstil AS in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.99. Kordsa Teknik Tekstil AS's value of 0.34% is 82.9% below this benchmark. While the company's 10-year median is 6.28 vs. the industry median of 1.99, Kordsa Teknik Tekstil 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 a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.99, based on 1,065 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. Kordsa Teknik Tekstil AS's current Return-on-Tangible-Asset of 0.34% is 82.9% 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 Kordsa Teknik Tekstil AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kordsa Teknik Tekstil AS's current Return-on-Tangible-Asset is 0.34%, which is 95% below median its own 10-year median of 6.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kordsa Teknik Tekstil AS stock overvalued right now?
Based on GuruFocus' analysis, Kordsa Teknik Tekstil AS (IST:KORDS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺89.30, compared to a current price of ₺79.90 — trading 10.5% below its estimated fair value. The current Return-on-Tangible-Asset is 0.34%, which is 95% below median its 10-year median of 6.28 and 82.9% below the Manufacturing - Apparel & Accessories industry median of 1.99. Kordsa Teknik Tekstil AS's overall GF Score™ is 73/100 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 Kordsa Teknik Tekstil AS (IST:KORDS), the current Return-on-Tangible-Asset is 0.34% 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 Kordsa Teknik Tekstil AS (IST:KORDS) Overvalued in 2026?
Based on GuruFocus' analysis, Kordsa Teknik Tekstil AS stock appears to be undervalued.
The current stock price of ₺79.90 is trading 10.5% below its estimated GF Value™ of ₺89.30.
GuruFocus considers Kordsa Teknik Tekstil AS to be Modestly Undervalued.
Key valuation signals for IST:KORDS:
Return-on-Tangible-Asset: 0.34% (95% below median its 10-year median of 6.28)
GF Value™: ₺89.30 vs. price of ₺79.90 (10.5% below fair value)
Industry Position: 82.9% below the Manufacturing - Apparel & Accessories median (#845 of 1065)
No single metric tells the full story. See the IST:KORDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kordsa Teknik Tekstil AS is mainly engaged in the production of carcass and industrial fabrics used in vehicle tires; manufacture of industrial fabrics used in rubber and plastic materials such as transmission belts, V belts and rubber hoses; production of heavy denier fibre and connection fabrics; conversion of yarn into cord fabric, fabric for mechanical rubber goods and other rubber reinforcement materials and the marketing thereof; and production of Nylon 6, Nylon 6.6, PET (Polyethyleneterephthalate) HMLS polyester, and rayon heavy decitex yarn for use in tires and mechanical rubber goods. The Company operates in Europe, the Middle East and Africa, North America, South America and Asia.
73GF Score
Get the complete analysis for IST:KORDS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IST:KORDS has been successfully added to your 
