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Net Holding ASIST:NTHOL -2.00%71 Return-on-Tangible-Asset is 1.06% as of Mar. 2026, which is 75% below its 10-year median of 4.20. GuruFocus rates IST:NTHOL with a GF Score™ of 71/100 and a GF Value™ of ₺56.10 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 857 Travel & Leisure companies, Net Holding AS ranks worse than 57.88% 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. Net Holding AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺1,302 Mil. Net Holding AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺122,723 Mil. Therefore, Net Holding AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.06%.
The historical rank and industry rank for Net Holding AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:NTHOL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.5 Med: 4.2 Max: 8.35
Current: 1.6
During the past 13 years, Net Holding AS's highest Return-on-Tangible-Asset was 8.35%. The lowest was -6.50%. And the median was 4.20%.
IST:NTHOL's Return-on-Tangible-Asset is ranked worse than 57.88% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.7
vs IST:NTHOL: 1.60
Net Holding AS (IST:NTHOL) 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.
Net Holding AS Return-on-Tangible-Asset Related Terms
Net Holding AS Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Net Holding 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:NTHOL vs BKNG, ABNB, RCL: Return-on-Tangible-Asset Comparison
For the Travel Services subindustry, Net Holding 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.
Net Holding AS Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Net Holding 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 1.06% mean?
Net Holding AS (IST:NTHOL) has a Return-on-Tangible-Asset of 1.06% 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 Net Holding AS and its competitors. This is 75% below median its historical median of 4.20. According to the industry distribution chart, Net Holding AS ranks #496 out of 857 companies in the Travel & Leisure industry, placing it in the top 57.9%.
Is Net Holding AS's Return-on-Tangible-Asset too high?
Net Holding AS's current Return-on-Tangible-Asset of 1.06% is 75% below median its 10-year median of 4.20. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.70. Net Holding AS's value of 1.06% is 60.7% below this industry median. Based on the distribution chart, Net Holding AS ranks #496 out of 857 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Net Holding AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's Return-on-Tangible-Asset compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Net Holding AS ranks #496 out of 857 companies for Return-on-Tangible-Asset. This places Net Holding AS in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.70. Net Holding AS's value of 1.06% is 60.7% below this benchmark. While the company's 10-year median is 4.20 vs. the industry median of 2.70, Net Holding 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 2.70, 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. Net Holding AS's current Return-on-Tangible-Asset of 1.06% is 60.7% 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 Net Holding AS and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Holding AS's current Return-on-Tangible-Asset is 1.06%, which is 75% below median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.10, compared to a current price of ₺44.10 — trading 21.4% below its estimated fair value. The current Return-on-Tangible-Asset is 1.06%, which is 75% below median its 10-year median of 4.20 and 60.7% below the Travel & Leisure industry median of 2.70. Net Holding AS's overall GF Score™ is 71/100 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 Net Holding AS (IST:NTHOL), the current Return-on-Tangible-Asset is 1.06% 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 Net Holding AS (IST:NTHOL) Overvalued in 2026?
Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued.
The current stock price of ₺44.10 is trading 21.4% below its estimated GF Value™ of ₺56.10.
GuruFocus considers Net Holding AS to be Modestly Undervalued.
Key valuation signals for IST:NTHOL:
Return-on-Tangible-Asset: 1.06% (75% below median its 10-year median of 4.20)
GF Value™: ₺56.10 vs. price of ₺44.10 (21.4% below fair value)
Industry Position: 60.7% below the Travel & Leisure median (#496 of 857)
No single metric tells the full story. See the IST:NTHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
71GF Score
Get the complete analysis for IST:NTHOL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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