Migros Ticaret ASIST:MGROS -0.08%87 Return-on-Tangible-Asset is 3.40% as of Mar. 2026, which is 9% above its 10-year median of 3.12. GuruFocus rates IST:MGROS with a GF Score™ of 87/100 and a GF Value™ of ₺687.92 (Fairly Valued). The stock has 5 warning signs investors should review. Among 313 Retail - Defensive companies, Migros Ticaret AS ranks better than 52.08% 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. Migros Ticaret AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺6,391 Mil. Migros Ticaret AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺188,087 Mil. Therefore, Migros Ticaret AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.40%.
The historical rank and industry rank for Migros Ticaret AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:MGROS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.26 Med: 3.12 Max: 22.08
Current: 4.15
During the past 13 years, Migros Ticaret AS's highest Return-on-Tangible-Asset was 22.08%. The lowest was -10.26%. And the median was 3.12%.
IST:MGROS's Return-on-Tangible-Asset is ranked better than 52.08% of 313
companies
in the Retail - Defensive industry
Industry Median: 3.86
vs IST:MGROS: 4.15
Migros Ticaret AS (IST:MGROS) 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.
Migros Ticaret AS Return-on-Tangible-Asset Related Terms
Migros Ticaret AS Return-on-Tangible-Asset Historical Data
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The historical data trend for Migros Ticaret 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.
IST:MGROS vs KR, SFM, ACI: Return-on-Tangible-Asset Comparison
For the Grocery Stores subindustry, Migros Ticaret 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.
Migros Ticaret AS Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Migros Ticaret 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 3.40% mean?
Migros Ticaret AS (IST:MGROS) has a Return-on-Tangible-Asset of 3.40% 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 Migros Ticaret AS and its competitors. This is near median its historical median of 3.12. According to the industry distribution chart, Migros Ticaret AS ranks #150 out of 313 companies in the Retail - Defensive industry, placing it in the top 47.9%.
Is Migros Ticaret AS's Return-on-Tangible-Asset too high?
Migros Ticaret AS's current Return-on-Tangible-Asset of 3.40% is near median its 10-year median of 3.12. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.86. Migros Ticaret AS's value of 3.40% is 11.9% below this industry median. Based on the distribution chart, Migros Ticaret AS ranks #150 out of 313 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Migros Ticaret AS has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Migros Ticaret AS's Return-on-Tangible-Asset compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Migros Ticaret AS ranks #150 out of 313 companies for Return-on-Tangible-Asset. This puts Migros Ticaret AS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.86. Migros Ticaret AS's value of 3.40% is 11.9% below this benchmark. While the company's 10-year median is 3.12 vs. the industry median of 3.86, Migros Ticaret 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 Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.86, based on 313 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. Migros Ticaret AS's current Return-on-Tangible-Asset of 3.40% is 11.9% 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 Migros Ticaret AS and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Migros Ticaret AS's current Return-on-Tangible-Asset is 3.40%, which is near median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migros Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Migros Ticaret AS (IST:MGROS) is currently considered Fairly Valued. The stock's GF Value™ is ₺687.92, compared to a current price of ₺625.50 — trading 9.1% below its estimated fair value. The current Return-on-Tangible-Asset is 3.40%, which is near median its 10-year median of 3.12 and 11.9% below the Retail - Defensive industry median of 3.86. Migros Ticaret AS's overall GF Score™ is 87/100 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 Migros Ticaret AS (IST:MGROS), the current Return-on-Tangible-Asset is 3.40% 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 Migros Ticaret AS (IST:MGROS) Overvalued in 2026?
Based on GuruFocus' analysis, Migros Ticaret AS stock appears to be undervalued.
The current stock price of ₺625.50 is trading 9.1% below its estimated GF Value™ of ₺687.92.
GuruFocus considers Migros Ticaret AS to be Fairly Valued.
Key valuation signals for IST:MGROS:
Return-on-Tangible-Asset: 3.40% (near median its 10-year median of 3.12)
GF Value™: ₺687.92 vs. price of ₺625.50 (9.1% below fair value)
Industry Position: 11.9% below the Retail - Defensive median (#150 of 313)
No single metric tells the full story. See the IST:MGROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Migros Ticaret AS is a Turkey-based company that is principally engaged in the retail business. The company also operates in the business lines of online food retailing and ready meals, payment and electronic money services, logistics services, media, shopping center management, and others.
87GF Score
Get the complete analysis for IST:MGROS
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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