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Kardemir Celiknayi ASIST:KARCL +5.94%6 Return-on-Tangible-Equity is 1.28% as of Mar. 2026, which is 93% below its 10-year median of 18.57. GuruFocus rates IST:KARCL with a GF Score™ of 6/100. The stock has 3 warning signs investors should review. Among 612 Steel companies, Kardemir Celiknayi AS ranks worse than 71.41% 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. Kardemir Celiknayi AS's annualized net income for the quarter that ended in Mar. 2026 was ₺141 Mil. Kardemir Celiknayi AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₺10,971 Mil. Therefore, Kardemir Celiknayi AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.28%.
The historical rank and industry rank for Kardemir Celiknayi AS's Return-on-Tangible-Equity or its related term are showing as below:
IST:KARCL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.32 Med: 18.57 Max: 21.05
Current: 0.32
During the past 3 years, Kardemir Celiknayi AS's highest Return-on-Tangible-Equity was 21.05%. The lowest was 0.32%. And the median was 18.57%.
IST:KARCL's Return-on-Tangible-Equity is ranked worse than 71.41% of 612
companies
in the Steel industry
Industry Median: 4.695
vs IST:KARCL: 0.32
Kardemir Celiknayi AS (IST:KARCL) 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.
Kardemir Celiknayi AS Return-on-Tangible-Equity Related Terms
Kardemir Celiknayi AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kardemir Celiknayi 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.
Kardemir Celiknayi AS Return-on-Tangible-Equity Chart
Kardemir Celiknayi AS Annual Data
Trend
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
21.05
18.57
10.95
Kardemir Celiknayi AS Quarterly Data
Dec23
Dec24
Mar25
Dec25
Mar26
Return-on-Tangible-Equity
0.00
0.00
9.88
0.00
1.28
IST:KARCL vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Kardemir Celiknayi 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.
Kardemir Celiknayi AS Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Kardemir Celiknayi AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kardemir Celiknayi 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 1.28% mean?
Kardemir Celiknayi AS (IST:KARCL) has a Return-on-Tangible-Equity of 1.28% 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 Kardemir Celiknayi AS and its competitors. This is 93% below median its historical median of 18.57. Over the past decade, Kardemir Celiknayi AS's Return-on-Tangible-Equity has ranged from 0.32 to 21.05. According to the industry distribution chart, Kardemir Celiknayi AS ranks #437 out of 612 companies in the Steel industry, placing it in the top 71.4%.
Is Kardemir Celiknayi AS's Return-on-Tangible-Equity too high?
Kardemir Celiknayi AS's current Return-on-Tangible-Equity of 1.28% is 93% below median its 10-year median of 18.57. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 21.05. The Steel industry median Return-on-Tangible-Equity is 4.70. Kardemir Celiknayi AS's value of 1.28% is 72.7% below this industry median. Based on the distribution chart, Kardemir Celiknayi AS ranks #437 out of 612 companies in the Steel industry, which is below the industry midpoint. Overall, Kardemir Celiknayi AS has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Kardemir Celiknayi AS's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Kardemir Celiknayi AS ranks #437 out of 612 companies for Return-on-Tangible-Equity. This places Kardemir Celiknayi AS in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.70. Kardemir Celiknayi AS's value of 1.28% is 72.7% below this benchmark. Historically, Kardemir Celiknayi AS's own Return-on-Tangible-Equity has ranged from 0.32 to 21.05 over the past decade. While the company's 10-year median is 18.57 vs. the industry median of 4.70, Kardemir Celiknayi AS has consistently been below 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.70, based on 612 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. Kardemir Celiknayi AS's current Return-on-Tangible-Equity of 1.28% is 72.7% below 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 Kardemir Celiknayi AS and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardemir Celiknayi AS's current Return-on-Tangible-Equity is 1.28%, which is 93% below median its own 10-year median of 18.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardemir Celiknayi AS stock overvalued right now?
Kardemir Celiknayi AS (IST:KARCL) has a current Return-on-Tangible-Equity of 1.28%. The current Return-on-Tangible-Equity is 1.28%, which is 93% below median its 10-year median of 18.57 and 72.7% below the Steel industry median of 4.70. Kardemir Celiknayi AS's overall GF Score™ is 6/100 with 3 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 Kardemir Celiknayi AS (IST:KARCL), the current Return-on-Tangible-Equity is 1.28% 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.
Kardemir Celik Sanayi AS manufactures equal angles, flat bars, square bars, NPU and NPI profiles, T-bars, and round bars in various dimensions and in accordance with international standards. Its products are Billet Iron, Film Rod, and Reinforcement Steel.
6GF Score
Get the complete analysis for IST:KARCL
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