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Arsan Holding ASIST:ARSAN +9.88%51 Return-on-Tangible-Equity is 18.64% as of Mar. 2026, which is 45% above its 10-year median of 12.84. GuruFocus rates IST:ARSAN with a GF Score™ of 51/100 and a GF Value™ of ₺2.91 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,709 Construction companies, Arsan Holding AS ranks worse than 78.47% 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. Arsan Holding AS's annualized net income for the quarter that ended in Mar. 2026 was ₺2,120.0 Mil. Arsan Holding AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₺11,370.5 Mil. Therefore, Arsan Holding AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.64%.
The historical rank and industry rank for Arsan Holding AS's Return-on-Tangible-Equity or its related term are showing as below:
IST:ARSAN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.99 Med: 12.84 Max: 40.74
Current: -0.67
During the past 13 years, Arsan Holding AS's highest Return-on-Tangible-Equity was 40.74%. The lowest was -3.99%. And the median was 12.84%.
IST:ARSAN's Return-on-Tangible-Equity is ranked worse than 78.47% of 1709
companies
in the Construction industry
Industry Median: 8.21
vs IST:ARSAN: -0.67
Arsan Holding AS (IST:ARSAN) 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.
Arsan Holding AS Return-on-Tangible-Equity Related Terms
Arsan Holding AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Arsan Holding 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.
IST:ARSAN vs PWR, FIX, EME: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, Arsan Holding 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.
Arsan Holding AS Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Arsan Holding AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Arsan Holding AS's Return-on-Tangible-Equity 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-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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 18.64% mean?
Arsan Holding AS (IST:ARSAN) has a Return-on-Tangible-Equity of 18.64% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Arsan Holding AS and its competitors. This is 45% above median its historical median of 12.84. According to the industry distribution chart, Arsan Holding AS ranks #1341 out of 1709 companies in the Construction industry, placing it in the top 78.5%.
Is Arsan Holding AS's Return-on-Tangible-Equity too high?
Arsan Holding AS's current Return-on-Tangible-Equity of 18.64% is 45% above median its 10-year median of 12.84. The Construction industry median Return-on-Tangible-Equity is 8.21. Arsan Holding AS's value of 18.64% is 127% above this industry median. Based on the distribution chart, Arsan Holding AS ranks #1341 out of 1709 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Arsan Holding AS has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arsan Holding AS's Return-on-Tangible-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, Arsan Holding AS ranks #1341 out of 1709 companies for Return-on-Tangible-Equity. This places Arsan Holding AS in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Arsan Holding AS's value of 18.64% is 127% above this benchmark. While the company's 10-year median is 12.84 vs. the industry median of 8.21, Arsan Holding 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,709 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. Arsan Holding AS's current Return-on-Tangible-Equity of 18.64% is 127% 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 Arsan Holding AS and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arsan Holding AS's current Return-on-Tangible-Equity is 18.64%, which is 45% above median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arsan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Arsan Holding AS (IST:ARSAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺2.91, compared to a current price of ₺3.56 — trading 22.3% above its estimated fair value. The current Return-on-Tangible-Equity is 18.64%, which is 45% above median its 10-year median of 12.84 and 127% above the Construction industry median of 8.21. Arsan Holding AS's overall GF Score™ is 51/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Arsan Holding AS (IST:ARSAN), the current Return-on-Tangible-Equity is 18.64% 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 Arsan Holding AS (IST:ARSAN) Overvalued in 2026?
Based on GuruFocus' analysis, Arsan Holding AS stock appears to be overvalued.
The current stock price of ₺3.56 is trading 22.3% above its estimated GF Value™ of ₺2.91.
GuruFocus considers Arsan Holding AS to be Modestly Overvalued.
Key valuation signals for IST:ARSAN:
Return-on-Tangible-Equity: 18.64% (45% above median its 10-year median of 12.84)
GF Value™: ₺2.91 vs. price of ₺3.56 (22.3% above fair value)
Industry Position: 127% above the Construction median (#1341 of 1709)
No single metric tells the full story. See the IST:ARSAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arsan Holding AS is a Turkey-based company involved in the Investment of infrastructure construction (water systems, dams, treatment plants), iron-steel production, energy generation (hydropower), natural gas distribution, and other industrial investments.
51GF Score
Get the complete analysis for IST:ARSAN
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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