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Merit Turizm Yatirim ve Isletme ASIST:MERIT -0.85%78 Return-on-Tangible-Asset is 0.61% as of Mar. 2026, which is 88% below its 10-year median of 4.95. GuruFocus rates IST:MERIT with a GF Score™ of 78/100 and a GF Value™ of ₺22.32 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 857 Travel & Leisure companies, Merit Turizm Yatirim ve Isletme AS ranks better than 65.46% on this metric.
The historical rank and industry rank for Merit Turizm Yatirim ve Isletme AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:MERIT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.77 Med: 4.95 Max: 23.92
Current: 5.08
During the past 13 years, Merit Turizm Yatirim ve Isletme AS's highest Return-on-Tangible-Asset was 23.92%. The lowest was 0.77%. And the median was 4.95%.
IST:MERIT's Return-on-Tangible-Asset is ranked better than 65.46% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.75
vs IST:MERIT: 5.08
Merit Turizm Yatirim ve Isletme AS (IST:MERIT) 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.
Merit Turizm Yatirim ve Isletme AS Return-on-Tangible-Asset Related Terms
Merit Turizm Yatirim ve Isletme 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.
Merit Turizm Yatirim ve Isletme AS Return-on-Tangible-Asset Chart
IST:MERIT vs LVS, MGM, WYNN: Return-on-Tangible-Asset Comparison
For the Resorts & Casinos subindustry, Merit Turizm Yatirim ve Isletme 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.
Merit Turizm Yatirim ve Isletme AS Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merit Turizm Yatirim ve Isletme AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Merit Turizm Yatirim ve Isletme 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 0.61% mean?
Merit Turizm Yatirim ve Isletme AS (IST:MERIT) has a Return-on-Tangible-Asset of 0.61% 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 Merit Turizm Yatirim ve Isletme AS and its competitors. This is 88% below median its historical median of 4.95. Over the past decade, Merit Turizm Yatirim ve Isletme AS's Return-on-Tangible-Asset has ranged from 0.77 to 23.92. According to the industry distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #296 out of 857 companies in the Travel & Leisure industry, placing it in the top 34.5%.
Is Merit Turizm Yatirim ve Isletme AS's Return-on-Tangible-Asset too high?
Merit Turizm Yatirim ve Isletme AS's current Return-on-Tangible-Asset of 0.61% is 88% below median its 10-year median of 4.95. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 23.92. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.75. Merit Turizm Yatirim ve Isletme AS's value of 0.61% is 77.8% below this industry median. Based on the distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #296 out of 857 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Merit Turizm Yatirim ve Isletme AS has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Turizm Yatirim ve Isletme AS's Return-on-Tangible-Asset compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #296 out of 857 companies for Return-on-Tangible-Asset. This puts Merit Turizm Yatirim ve Isletme AS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.75. Merit Turizm Yatirim ve Isletme AS's value of 0.61% is 77.8% below this benchmark. Historically, Merit Turizm Yatirim ve Isletme AS's own Return-on-Tangible-Asset has ranged from 0.77 to 23.92 over the past decade. While the company's 10-year median is 4.95 vs. the industry median of 2.75, Merit Turizm Yatirim ve Isletme 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.75, based on 857 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. Merit Turizm Yatirim ve Isletme AS's current Return-on-Tangible-Asset of 0.61% is 77.8% 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 Merit Turizm Yatirim ve Isletme AS and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merit Turizm Yatirim ve Isletme AS's current Return-on-Tangible-Asset is 0.61%, which is 88% below median its own 10-year median of 4.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Turizm Yatirim ve Isletme AS stock overvalued right now?
Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS (IST:MERIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺22.32, compared to a current price of ₺16.32 — trading 26.9% below its estimated fair value. The current Return-on-Tangible-Asset is 0.61%, which is 88% below median its 10-year median of 4.95 and 77.8% below the Travel & Leisure industry median of 2.75. Merit Turizm Yatirim ve Isletme AS's overall GF Score™ is 78/100 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 Merit Turizm Yatirim ve Isletme AS (IST:MERIT), the current Return-on-Tangible-Asset is 0.61% 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 Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Overvalued in 2026?
Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS stock appears to be undervalued.
The current stock price of ₺16.32 is trading 26.9% below its estimated GF Value™ of ₺22.32.
GuruFocus considers Merit Turizm Yatirim ve Isletme AS to be Modestly Undervalued.
Key valuation signals for IST:MERIT:
Return-on-Tangible-Asset: 0.61% (88% below median its 10-year median of 4.95)
GF Value™: ₺22.32 vs. price of ₺16.32 (26.9% below fair value)
Industry Position: 77.8% below the Travel & Leisure median (#296 of 857)
No single metric tells the full story. See the IST:MERIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merit Turizm Yatirim ve Isletme AS Business Description
Merit Turizm Yatirim ve Isletme AS is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.
78GF Score
Get the complete analysis for IST:MERIT
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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