Armada Gida Ticaretnayi AS (IST:ARMGD) Return-on-Tangible-Equity: 72.44% (As of Jun. 2026) — 254% Above Median

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:ARMGD Armada Gida Ticaret Sanayi AS IST:ARMGD
17 GF Score
Price ₺197.90
! 8 Warning Signs
View Full Analysis

What is Armada Gida Ticaretnayi AS Return-on-Tangible-Equity?

Armada Gida Ticaretnayi AS IST:ARMGD +6.57% 17 Return-on-Tangible-Equity is 72.44% as of Jun. 2026, which is 254% above its 10-year median of 20.45. GuruFocus rates IST:ARMGD with a GF Score™ of 17/100. The stock has 8 warning signs investors should review. Among 1,892 Consumer Packaged Goods companies, Armada Gida Ticaretnayi AS ranks better than 90.27% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Armada Gida Ticaretnayi AS's annualized net income for the quarter that ended in Jun. 2026 was ₺5,765 Mil. Armada Gida Ticaretnayi AS's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₺7,958 Mil. Therefore, Armada Gida Ticaretnayi AS's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 72.44%.

The historical rank and industry rank for Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity or its related term are showing as below:

IST:ARMGD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.4   Med: 20.45   Max: 36.31
Current: 36.31

During the past 5 years, Armada Gida Ticaretnayi AS's highest Return-on-Tangible-Equity was 36.31%. The lowest was 1.40%. And the median was 20.45%.

IST:ARMGD's Return-on-Tangible-Equity is ranked better than
90.27% of 1892 companies
in the Consumer Packaged Goods industry
Industry Median: 8.055 vs IST:ARMGD: 36.31

Armada Gida Ticaretnayi AS  (IST:ARMGD) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Armada Gida Ticaretnayi AS Return-on-Tangible-Equity Related Terms


Armada Gida Ticaretnayi AS Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity 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.

Armada Gida Ticaretnayi AS Return-on-Tangible-Equity Chart

Armada Gida Ticaretnayi AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
20.45 1.40 30.39 29.68 12.08

Armada Gida Ticaretnayi AS Quarterly Data
Dec21 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.25 17.51 7.98 35.58 72.44

IST:ARMGD vs KHC, GIS: Return-on-Tangible-Equity Comparison

For the Packaged Foods subindustry, Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Armada Gida Ticaretnayi AS Return-on-Tangible-Equity vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity falls into.


IST:ARMGD
17GF Score
Armada Gida Ticaret Sanayi AS IST:ARMGD
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Armada Gida Ticaretnayi AS Return-on-Tangible-Equity Calculation

Armada Gida Ticaretnayi AS's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=689.587/( (5480.517+5934.835 )/ 2 )
=689.587/5707.676
=12.08 %

Armada Gida Ticaretnayi AS's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=5764.556/( (7032.9+8883.171)/ 2 )
=5764.556/7958.0355
=72.44 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 72.44% mean?
Armada Gida Ticaretnayi AS (IST:ARMGD) has a Return-on-Tangible-Equity of 72.44% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Armada Gida Ticaretnayi AS and its competitors. This is 254% above median its historical median of 20.45. Over the past decade, Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity has ranged from 1.40 to 36.31. According to the industry distribution chart, Armada Gida Ticaretnayi AS ranks #184 out of 1892 companies in the Consumer Packaged Goods industry, placing it in the top 9.7%.
Is Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity too high?
Armada Gida Ticaretnayi AS's current Return-on-Tangible-Equity of 72.44% is 254% above median its 10-year median of 20.45. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 36.31. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 8.06. Armada Gida Ticaretnayi AS's value of 72.44% is 799.3% above this industry median. Based on the distribution chart, Armada Gida Ticaretnayi AS ranks #184 out of 1892 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Armada Gida Ticaretnayi AS has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Armada Gida Ticaretnayi AS's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Armada Gida Ticaretnayi AS ranks #184 out of 1892 companies for Return-on-Tangible-Equity. This places Armada Gida Ticaretnayi AS in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.06. Armada Gida Ticaretnayi AS's value of 72.44% is 799.3% above this benchmark. Historically, Armada Gida Ticaretnayi AS's own Return-on-Tangible-Equity has ranged from 1.40 to 36.31 over the past decade. While the company's 10-year median is 20.45 vs. the industry median of 8.06, Armada Gida Ticaretnayi 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-Equity for a Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 8.06, based on 1,892 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Armada Gida Ticaretnayi AS's current Return-on-Tangible-Equity of 72.44% is 799.3% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Armada Gida Ticaretnayi AS and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 8.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armada Gida Ticaretnayi AS's current Return-on-Tangible-Equity is 72.44%, which is 254% above median its own 10-year median of 20.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armada Gida Ticaretnayi AS stock overvalued right now?
Armada Gida Ticaretnayi AS (IST:ARMGD) has a current Return-on-Tangible-Equity of 72.44%. The current Return-on-Tangible-Equity is 72.44%, which is 254% above median its 10-year median of 20.45 and 799.3% above the Consumer Packaged Goods industry median of 8.06. Armada Gida Ticaretnayi AS's overall GF Score™ is 17/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Armada Gida Ticaretnayi AS (IST:ARMGD), the current Return-on-Tangible-Equity is 72.44% as of Jun. 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.

Armada Gida Ticaretnayi AS Business Description

Address Ataturk 12 Blv, No: 91, No: 1, Toroslar Mahallesi, Akdeniz, Mersin, TUR
Armada Gida Ticaret Sanayi AS is engaged in processing, pre-cooking with the extrusion method, and selling, importing, and exporting pulses, cereals, bulgur, organic products, superfoods, pulse flour, rice, gluten-free products, and other products.
17GF Score

Get the complete analysis for IST:ARMGD

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

₺197.90
Price