VBT Yazilim ASIST:VBTYZ +0.35%83 Return-on-Tangible-Asset is 15.61% as of Mar. 2026, which is 25% above its 10-year median of 12.53. GuruFocus rates IST:VBTYZ with a GF Score™ of 83/100 and a GF Value™ of ₺23.41 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,878 Software companies, VBT Yazilim AS ranks better than 79.67% 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. VBT Yazilim AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺239 Mil. VBT Yazilim AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺1,531 Mil. Therefore, VBT Yazilim AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 15.61%.
The historical rank and industry rank for VBT Yazilim AS's Return-on-Tangible-Asset or its related term are showing as below:
IST:VBTYZ'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.19 Med: 12.53 Max: 16.78
Current: 11.14
During the past 8 years, VBT Yazilim AS's highest Return-on-Tangible-Asset was 16.78%. The lowest was 1.19%. And the median was 12.53%.
IST:VBTYZ's Return-on-Tangible-Asset is ranked better than 79.67% of 2878
companies
in the Software industry
Industry Median: 2.04
vs IST:VBTYZ: 11.14
VBT Yazilim AS (IST:VBTYZ) 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.
VBT Yazilim AS Return-on-Tangible-Asset Related Terms
VBT Yazilim AS Return-on-Tangible-Asset Historical Data
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The historical data trend for VBT Yazilim 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:VBTYZ vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, VBT Yazilim 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.
VBT Yazilim AS Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, VBT Yazilim AS's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where VBT Yazilim 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 15.61% mean?
VBT Yazilim AS (IST:VBTYZ) has a Return-on-Tangible-Asset of 15.61% 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 VBT Yazilim AS and its competitors. This is 25% above median its historical median of 12.53. Over the past decade, VBT Yazilim AS's Return-on-Tangible-Asset has ranged from 1.19 to 16.78. According to the industry distribution chart, VBT Yazilim AS ranks #585 out of 2878 companies in the Software industry, placing it in the top 20.3%.
Is VBT Yazilim AS's Return-on-Tangible-Asset too high?
VBT Yazilim AS's current Return-on-Tangible-Asset of 15.61% is 25% above median its 10-year median of 12.53. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 16.78. The Software industry median Return-on-Tangible-Asset is 2.04. VBT Yazilim AS's value of 15.61% is 665.2% above this industry median. Based on the distribution chart, VBT Yazilim AS ranks #585 out of 2878 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, VBT Yazilim AS has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VBT Yazilim AS's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, VBT Yazilim AS ranks #585 out of 2878 companies for Return-on-Tangible-Asset. This places VBT Yazilim AS in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.04. VBT Yazilim AS's value of 15.61% is 665.2% above this benchmark. Historically, VBT Yazilim AS's own Return-on-Tangible-Asset has ranged from 1.19 to 16.78 over the past decade. While the company's 10-year median is 12.53 vs. the industry median of 2.04, VBT Yazilim 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.04, based on 2,878 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. VBT Yazilim AS's current Return-on-Tangible-Asset of 15.61% is 665.2% 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 VBT Yazilim AS and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VBT Yazilim AS's current Return-on-Tangible-Asset is 15.61%, which is 25% above median its own 10-year median of 12.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VBT Yazilim AS stock overvalued right now?
Based on GuruFocus' analysis, VBT Yazilim AS (IST:VBTYZ) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺23.41, compared to a current price of ₺28.98 — trading 23.8% above its estimated fair value. The current Return-on-Tangible-Asset is 15.61%, which is 25% above median its 10-year median of 12.53 and 665.2% above the Software industry median of 2.04. VBT Yazilim AS's overall GF Score™ is 83/100 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 VBT Yazilim AS (IST:VBTYZ), the current Return-on-Tangible-Asset is 15.61% 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 VBT Yazilim AS (IST:VBTYZ) Overvalued in 2026?
Based on GuruFocus' analysis, VBT Yazilim AS stock appears to be overvalued.
The current stock price of ₺28.98 is trading 23.8% above its estimated GF Value™ of ₺23.41.
GuruFocus considers VBT Yazilim AS to be Modestly Overvalued.
Key valuation signals for IST:VBTYZ:
Return-on-Tangible-Asset: 15.61% (25% above median its 10-year median of 12.53)
GF Value™: ₺23.41 vs. price of ₺28.98 (23.8% above fair value)
Industry Position: 665.2% above the Software median (#585 of 2878)
No single metric tells the full story. See the IST:VBTYZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VBT Yazilim AS is an information technology company. Its products include E-Transformation Applications, Energy and Utility Applications, Public Applications, Commercial Applications, Application Modernization, BMC Software, IBM, MICRO FOCUS, Jennifer. Its services include Outsource, Training, Consultancy Services, and Modernization.
83GF Score
Get the complete analysis for IST:VBTYZ
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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