Marti Gayrimenkul Yatirim Ortakligi AS (IST:MRGYO) Return-on-Tangible-Asset: 37.12% (As of Mar. 2026) — 461% Above Median

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IST:MRGYO Marti Gayrimenkul Yatirim Ortakligi AS IST:MRGYO
56 GF Score
Price ₺1.26
GF Value ₺3.14
Valuation Possible Value Trap
! 9 Warning Signs
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What is Marti Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset?

Marti Gayrimenkul Yatirim Ortakligi AS IST:MRGYO -0.79% 56 Return-on-Tangible-Asset is 37.12% as of Mar. 2026, which is 461% above its 10-year median of 6.62. GuruFocus rates IST:MRGYO with a GF Score™ of 56/100 and a GF Value™ of ₺3.14 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 924 REITs companies, Marti Gayrimenkul Yatirim Ortakligi AS ranks better than 87.01% 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. Marti Gayrimenkul Yatirim Ortakligi AS's annualized Net Income for the quarter that ended in Mar. 2026 was ₺6,490.6 Mil. Marti Gayrimenkul Yatirim Ortakligi AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺17,487.0 Mil. Therefore, Marti Gayrimenkul Yatirim Ortakligi AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 37.12%.

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

IST:MRGYO' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.63   Med: 6.62   Max: 47.27
Current: 10.73

During the past 13 years, Marti Gayrimenkul Yatirim Ortakligi AS's highest Return-on-Tangible-Asset was 47.27%. The lowest was -21.63%. And the median was 6.62%.

IST:MRGYO's Return-on-Tangible-Asset is ranked better than
87.01% of 924 companies
in the REITs industry
Industry Median: 3.31 vs IST:MRGYO: 10.73

Marti Gayrimenkul Yatirim Ortakligi AS  (IST:MRGYO) 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.


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


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

* Premium members only.

The historical data trend for Marti 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.

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

Marti Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.85 47.27 20.96 17.26 10.40

Marti Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Mar23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 22.42 0.29 -0.11 0.57 37.12

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

For the REIT - Diversified subindustry, Marti 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.


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

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

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


IST:MRGYO
56GF Score
Marti Gayrimenkul Yatirim Ortakligi AS IST:MRGYO
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Marti Gayrimenkul Yatirim Ortakligi AS's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1650.534/( (12486.042+19246.445)/ 2 )
=1650.534/15866.2435
=10.40 %

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

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=6490.624/( (15727.455+19246.445)/ 2 )
=6490.624/17486.95
=37.12 %

* 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 37.12% mean?
Marti Gayrimenkul Yatirim Ortakligi AS (IST:MRGYO) has a Return-on-Tangible-Asset of 37.12% 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 Marti Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 461% above median its historical median of 6.62. According to the industry distribution chart, Marti Gayrimenkul Yatirim Ortakligi AS ranks #120 out of 924 companies in the REITs industry, placing it in the top 13%.
Is Marti Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset too high?
Marti Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset of 37.12% is 461% above median its 10-year median of 6.62. The REITs industry median Return-on-Tangible-Asset is 3.31. Marti Gayrimenkul Yatirim Ortakligi AS's value of 37.12% is 1021.5% above this industry median. Based on the distribution chart, Marti Gayrimenkul Yatirim Ortakligi AS ranks #120 out of 924 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Marti Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Marti Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Marti Gayrimenkul Yatirim Ortakligi AS ranks #120 out of 924 companies for Return-on-Tangible-Asset. This places Marti Gayrimenkul Yatirim Ortakligi AS in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. Marti Gayrimenkul Yatirim Ortakligi AS's value of 37.12% is 1021.5% above this benchmark. While the company's 10-year median is 6.62 vs. the industry median of 3.31, Marti Gayrimenkul Yatirim Ortakligi AS 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 a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.31, based on 924 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. Marti Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset of 37.12% is 1021.5% 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 Marti 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. Marti Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset is 37.12%, which is 461% above median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marti Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Marti Gayrimenkul Yatirim Ortakligi AS (IST:MRGYO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺3.14, compared to a current price of ₺1.26 — trading 59.9% below its estimated fair value. The current Return-on-Tangible-Asset is 37.12%, which is 461% above median its 10-year median of 6.62 and 1021.5% above the REITs industry median of 3.31. Marti Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 56/100 with 9 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 Marti Gayrimenkul Yatirim Ortakligi AS (IST:MRGYO), the current Return-on-Tangible-Asset is 37.12% 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 Marti Gayrimenkul Yatirim Ortakligi AS (IST:MRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Marti Gayrimenkul Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺1.26 is trading 59.9% below its estimated GF Value™ of ₺3.14. GuruFocus considers Marti Gayrimenkul Yatirim Ortakligi AS to be Possible Value Trap.

Key valuation signals for IST:MRGYO:

  • Return-on-Tangible-Asset: 37.12% (461% above median its 10-year median of 6.62)
  • GF Value™: ₺3.14 vs. price of ₺1.26 (59.9% below fair value)
  • GF Score™: 56/100 with 9 warning signs
  • Industry Position: 1021.5% above the REITs median (#120 of 924)

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


Marti Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Inonu Cad Devred Han, Number 50/4 Gumussuyu, Beyoglu, Istanbul, TUR
Marti Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estates, capital market instruments based on real estates, real estate projects and property rights.
56GF Score

Get the complete analysis for IST:MRGYO

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

₺1.26
Price
₺3.14
GF Value