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Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) 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.
Torunlar Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Related Terms
Torunlar Gayrimenkul Yatirim Ortakligi 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.
Torunlar Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset Chart
Torunlar Gayrimenkul Yatirim Ortakligi AS Annual Data
IST:TRGYO vs VICI, WPC: Return-on-Tangible-Asset Comparison
For the REIT - Diversified subindustry, Torunlar 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.
Torunlar Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Asset vs REITs Industry
* 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 3.88% mean?
Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) has a Return-on-Tangible-Asset of 3.88% 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 Torunlar Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 60% below median its historical median of 9.67. Over the past decade, Torunlar Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset has ranged from 2.14 to 37.05. According to the industry distribution chart, Torunlar Gayrimenkul Yatirim Ortakligi AS ranks #276 out of 925 companies in the REITs industry, placing it in the top 29.8%.
Is Torunlar Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset too high?
Torunlar Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset of 3.88% is 60% below median its 10-year median of 9.67. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 37.05. The REITs industry median Return-on-Tangible-Asset is 3.31. Torunlar Gayrimenkul Yatirim Ortakligi AS's value of 3.88% is 17.2% above this industry median. Based on the distribution chart, Torunlar Gayrimenkul Yatirim Ortakligi AS ranks #276 out of 925 companies in the REITs industry, which is above the industry midpoint. Overall, Torunlar Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Torunlar Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Asset compare to VICI and WPC?
According to the REITs industry distribution chart, Torunlar Gayrimenkul Yatirim Ortakligi AS ranks #276 out of 925 companies for Return-on-Tangible-Asset. This puts Torunlar Gayrimenkul Yatirim Ortakligi AS in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.31. Torunlar Gayrimenkul Yatirim Ortakligi AS's value of 3.88% is 17.2% above this benchmark. Historically, Torunlar Gayrimenkul Yatirim Ortakligi AS's own Return-on-Tangible-Asset has ranged from 2.14 to 37.05 over the past decade. While the company's 10-year median is 9.67 vs. the industry median of 3.31, Torunlar 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 925 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. Torunlar Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset of 3.88% is 17.2% 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 Torunlar 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. Torunlar Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Asset is 3.88%, which is 60% below median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torunlar Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺80.65, compared to a current price of ₺95.50 — trading 18.4% above its estimated fair value. The current Return-on-Tangible-Asset is 3.88%, which is 60% below median its 10-year median of 9.67 and 17.2% above the REITs industry median of 3.31. Torunlar Gayrimenkul Yatirim Ortakligi 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 Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO), the current Return-on-Tangible-Asset is 3.88% 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 Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Overvalued in 2026?
Based on GuruFocus' analysis, Torunlar Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued.
The current stock price of ₺95.50 is trading 18.4% above its estimated GF Value™ of ₺80.65.
GuruFocus considers Torunlar Gayrimenkul Yatirim Ortakligi AS to be Modestly Overvalued.
Key valuation signals for IST:TRGYO:
Return-on-Tangible-Asset: 3.88% (60% below median its 10-year median of 9.67)
GF Value™: ₺80.65 vs. price of ₺95.50 (18.4% above fair value)
Industry Position: 17.2% above the REITs median (#276 of 925)
No single metric tells the full story. See the IST:TRGYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torunlar Gayrimenkul Yatirim Ortakligi AS is engaged in developing living centers, including shopping malls, residences, offices, and hotels, with a focus on people and their lives. Its objective is to invest in retail, residential, entertainment, and office real estate development projects. The group operates in all phases of project development and management, including fundraising, land acquisition, project financing, permitting, design, construction supervision, sales, and marketing. It also undertakes post-project activities such as tenant mix and rent management, rent restructuring, renovation and expansion work, and other activities aimed at maximizing visitor traffic, occupancy rates, and rental income in shopping malls.
87GF Score
Get the complete analysis for IST:TRGYO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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