Is Gayrimenkul Yatirim Ortakligi AS (IST:ISGYO) Return-on-Tangible-Equity: -4.66% (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:ISGYO Is Gayrimenkul Yatirim Ortakligi AS IST:ISGYO
66 GF Score
Price ₺25.06
GF Value ₺17.72
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Is Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity?

Is Gayrimenkul Yatirim Ortakligi AS IST:ISGYO -2.87% 66 Return-on-Tangible-Equity is -4.66% as of Mar. 2026. GuruFocus rates IST:ISGYO with a GF Score™ of 66/100 and a GF Value™ of ₺17.72 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 927 REITs companies, Is Gayrimenkul Yatirim Ortakligi AS ranks worse than 83.82% 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. Is Gayrimenkul Yatirim Ortakligi AS's annualized net income for the quarter that ended in Mar. 2026 was ₺-2,444 Mil. Is Gayrimenkul Yatirim Ortakligi AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₺52,405 Mil. Therefore, Is Gayrimenkul Yatirim Ortakligi AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -4.66%.

The historical rank and industry rank for Is Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity or its related term are showing as below:

IST:ISGYO' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.89   Med: 9.01   Max: 58.61
Current: -1.38

During the past 13 years, Is Gayrimenkul Yatirim Ortakligi AS's highest Return-on-Tangible-Equity was 58.61%. The lowest was -1.89%. And the median was 9.01%.

IST:ISGYO's Return-on-Tangible-Equity is ranked worse than
83.82% of 927 companies
in the REITs industry
Industry Median: 6.27 vs IST:ISGYO: -1.38

Is Gayrimenkul Yatirim Ortakligi AS  (IST:ISGYO) 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.


Is Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity Related Terms


Is Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Is Gayrimenkul Yatirim Ortakligi 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.

Is Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity Chart

Is Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.69 58.61 14.38 2.59 -1.89

Is Gayrimenkul Yatirim Ortakligi 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-Equity 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 -9.85 11.82 -5.50 -5.70 -4.66

IST:ISGYO vs VICI, WPC: Return-on-Tangible-Equity Comparison

For the REIT - Diversified subindustry, Is Gayrimenkul Yatirim Ortakligi 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.


Is Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Is Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Is Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity falls into.


IST:ISGYO
66GF Score
Is Gayrimenkul Yatirim Ortakligi AS IST:ISGYO
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity Calculation

Is Gayrimenkul Yatirim Ortakligi 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 )
=-958.32/( (51175.698+50233.287 )/ 2 )
=-958.32/50704.4925
=-1.89 %

Is Gayrimenkul Yatirim Ortakligi AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-2444.12/( (50233.287+54575.881)/ 2 )
=-2444.12/52404.584
=-4.66 %

* 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 -4.66% mean?
Is Gayrimenkul Yatirim Ortakligi AS (IST:ISGYO) has a Return-on-Tangible-Equity of -4.66% 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 Is Gayrimenkul Yatirim Ortakligi AS and its competitors. According to the industry distribution chart, Is Gayrimenkul Yatirim Ortakligi AS ranks #777 out of 927 companies in the REITs industry, placing it in the top 83.8%.
Is Is Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity too high?
Is Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Equity is -4.66%. Based on the distribution chart, Is Gayrimenkul Yatirim Ortakligi AS ranks #777 out of 927 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Is Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Is Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, Is Gayrimenkul Yatirim Ortakligi AS ranks #777 out of 927 companies for Return-on-Tangible-Equity. This places Is Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.27. 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 927 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. 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 Is Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Is Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Equity is -4.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Is Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Is Gayrimenkul Yatirim Ortakligi AS (IST:ISGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺17.72, compared to a current price of ₺25.06 — trading 41.4% above its estimated fair value. The current Return-on-Tangible-Equity is -4.66%. Is Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 66/100 with 9 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 Is Gayrimenkul Yatirim Ortakligi AS (IST:ISGYO), the current Return-on-Tangible-Equity is -4.66% 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 Is Gayrimenkul Yatirim Ortakligi AS (IST:ISGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Is Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺25.06 is trading 41.4% above its estimated GF Value™ of ₺17.72. GuruFocus considers Is Gayrimenkul Yatirim Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:ISGYO:

  • Return-on-Tangible-Equity: -4.66%
  • GF Value™: ₺17.72 vs. price of ₺25.06 (41.4% above fair value)
  • GF Score™: 66/100 with 9 warning signs

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


Is Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address ?s Kuleleri Kule 2, Kat: 10-11, Levent, Istanbul, TUR, 34330
Is Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust. The company is engaged in property investment, property-oriented capital market instruments and real estate projects. It develops office spaces and shopping center.
66GF Score

Get the complete analysis for IST:ISGYO

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

₺25.06
Price
₺17.72
GF Value