Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Return-on-Tangible-Asset: -10.64% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:ZOREN Zorlu Enerji Elektrik Uretim AS IST:ZOREN
61 GF Score
Price ₺2.66
GF Value ₺3.25
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Zorlu Enerji Elektrik Uretim AS Return-on-Tangible-Asset?

Zorlu Enerji Elektrik Uretim AS IST:ZOREN -0.75% 61 Return-on-Tangible-Asset is -10.64% as of Mar. 2026. GuruFocus rates IST:ZOREN with a GF Score™ of 61/100 and a GF Value™ of ₺3.25 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Zorlu Enerji Elektrik Uretim AS ranks worse than 87.53% 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. Zorlu Enerji Elektrik Uretim AS's annualized Net Income for the quarter that ended in Mar. 2026 was ₺-12,260 Mil. Zorlu Enerji Elektrik Uretim AS's average total tangible assets for the quarter that ended in Mar. 2026 was ₺115,200 Mil. Therefore, Zorlu Enerji Elektrik Uretim AS's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -10.64%.

The historical rank and industry rank for Zorlu Enerji Elektrik Uretim AS's Return-on-Tangible-Asset or its related term are showing as below:

IST:ZOREN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.41   Med: 0.11   Max: 13.29
Current: -11.24

During the past 13 years, Zorlu Enerji Elektrik Uretim AS's highest Return-on-Tangible-Asset was 13.29%. The lowest was -12.41%. And the median was 0.11%.

IST:ZOREN's Return-on-Tangible-Asset is ranked worse than
87.53% of 449 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.29 vs IST:ZOREN: -11.24

Zorlu Enerji Elektrik Uretim AS  (IST:ZOREN) 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.


Zorlu Enerji Elektrik Uretim AS Return-on-Tangible-Asset Related Terms


Zorlu Enerji Elektrik Uretim AS Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Zorlu Enerji Elektrik Uretim 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.

Zorlu Enerji Elektrik Uretim AS Return-on-Tangible-Asset Chart

Zorlu Enerji Elektrik Uretim AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.32 13.29 13.13 -2.39 -12.41

Zorlu Enerji Elektrik Uretim AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 -14.13 -15.86 13.96 -33.81 -10.64

Zorlu Enerji Elektrik Uretim AS Return-on-Tangible-Asset Competitor Comparison

For the Utilities - Renewable subindustry, Zorlu Enerji Elektrik Uretim 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.


Zorlu Enerji Elektrik Uretim AS Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zorlu Enerji Elektrik Uretim AS's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Zorlu Enerji Elektrik Uretim AS's Return-on-Tangible-Asset falls into.


IST:ZOREN
61GF Score
Zorlu Enerji Elektrik Uretim AS IST:ZOREN
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zorlu Enerji Elektrik Uretim AS Return-on-Tangible-Asset Calculation

Zorlu Enerji Elektrik Uretim AS's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-14707.184/( (127541.545+109432.511)/ 2 )
=-14707.184/118487.028
=-12.41 %

Zorlu Enerji Elektrik Uretim 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 )
=-12260.22/( (109432.511+120968.063)/ 2 )
=-12260.22/115200.287
=-10.64 %

* 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 -10.64% mean?
Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) has a Return-on-Tangible-Asset of -10.64% 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 Zorlu Enerji Elektrik Uretim AS and its competitors. According to the industry distribution chart, Zorlu Enerji Elektrik Uretim AS ranks #393 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 87.5%.
Is Zorlu Enerji Elektrik Uretim AS's Return-on-Tangible-Asset too high?
Zorlu Enerji Elektrik Uretim AS's current Return-on-Tangible-Asset is -10.64%. Based on the distribution chart, Zorlu Enerji Elektrik Uretim AS ranks #393 out of 449 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Zorlu Enerji Elektrik Uretim AS has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zorlu Enerji Elektrik Uretim AS's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Zorlu Enerji Elektrik Uretim AS ranks #393 out of 449 companies for Return-on-Tangible-Asset. This places Zorlu Enerji Elektrik Uretim AS in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.29. 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.29, based on 449 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. 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 Zorlu Enerji Elektrik Uretim AS and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zorlu Enerji Elektrik Uretim AS's current Return-on-Tangible-Asset is -10.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zorlu Enerji Elektrik Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺3.25, compared to a current price of ₺2.66 — trading 18.2% below its estimated fair value. The current Return-on-Tangible-Asset is -10.64%. Zorlu Enerji Elektrik Uretim AS's overall GF Score™ is 61/100 with 6 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN), the current Return-on-Tangible-Asset is -10.64% 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Overvalued in 2026?

Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS stock appears to be undervalued. The current stock price of ₺2.66 is trading 18.2% below its estimated GF Value™ of ₺3.25. GuruFocus considers Zorlu Enerji Elektrik Uretim AS to be Modestly Undervalued.

Key valuation signals for IST:ZOREN:

  • Return-on-Tangible-Asset: -10.64%
  • GF Value™: ₺3.25 vs. price of ₺2.66 (18.2% below fair value)
  • GF Score™: 61/100 with 6 warning signs

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


Zorlu Enerji Elektrik Uretim AS Business Description

Address Buyukdere Caddesi, No: 199, Levent 199, Istanbul, TUR, 34394
Zorlu Enerji Elektrik Uretim AS together with its subsidiaries is engaged in establishing, renting and operating facilities of electrical energy production plant, producing electricity and trading electricity to the customers.
61GF Score

Get the complete analysis for IST:ZOREN

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

₺2.66
Price
₺3.25
GF Value