Migros Ticaret ASIST:MGROS -4.48%87 Return-on-Tangible-Equity is 12.26% as of Mar. 2026, which is 69% below its 10-year median of 40.01. GuruFocus rates IST:MGROS with a GF Score™ of 87/100 and a GF Value™ of ₺682.34 (Fairly Valued). The stock has 6 warning signs investors should review. Among 298 Retail - Defensive companies, Migros Ticaret AS ranks better than 59.06% 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. Migros Ticaret AS's annualized net income for the quarter that ended in Mar. 2026 was ₺6,391 Mil. Migros Ticaret AS's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₺52,144 Mil. Therefore, Migros Ticaret AS's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.26%.
The historical rank and industry rank for Migros Ticaret AS's Return-on-Tangible-Equity or its related term are showing as below:
IST:MGROS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.57 Med: 40.01 Max: 165.44
Current: 14.92
During the past 13 years, Migros Ticaret AS's highest Return-on-Tangible-Equity was 165.44%. The lowest was 13.57%. And the median was 40.01%.
IST:MGROS's Return-on-Tangible-Equity is ranked better than 59.06% of 298
companies
in the Retail - Defensive industry
Industry Median: 11.085
vs IST:MGROS: 14.92
Migros Ticaret AS (IST:MGROS) 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.
Migros Ticaret AS Return-on-Tangible-Equity Related Terms
Migros Ticaret AS Return-on-Tangible-Equity Historical Data
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The historical data trend for Migros Ticaret 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:MGROS vs KR, SFM, ACI: Return-on-Tangible-Equity Comparison
For the Grocery Stores subindustry, Migros Ticaret 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.
Migros Ticaret AS Return-on-Tangible-Equity vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Migros Ticaret 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 12.26% mean?
Migros Ticaret AS (IST:MGROS) has a Return-on-Tangible-Equity of 12.26% 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 Migros Ticaret AS and its competitors. This is 69% below median its historical median of 40.01. Over the past decade, Migros Ticaret AS's Return-on-Tangible-Equity has ranged from 13.57 to 165.44. According to the industry distribution chart, Migros Ticaret AS ranks #122 out of 298 companies in the Retail - Defensive industry, placing it in the top 40.9%.
Is Migros Ticaret AS's Return-on-Tangible-Equity too high?
Migros Ticaret AS's current Return-on-Tangible-Equity of 12.26% is 69% below median its 10-year median of 40.01. Over the past 10 years, this metric has ranged from a low of 13.57 to a high of 165.44. The Retail - Defensive industry median Return-on-Tangible-Equity is 11.09. Migros Ticaret AS's value of 12.26% is 10.6% above this industry median. Based on the distribution chart, Migros Ticaret AS ranks #122 out of 298 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Migros Ticaret AS has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Migros Ticaret AS's Return-on-Tangible-Equity compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Migros Ticaret AS ranks #122 out of 298 companies for Return-on-Tangible-Equity. This puts Migros Ticaret AS in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.09. Migros Ticaret AS's value of 12.26% is 10.6% above this benchmark. Historically, Migros Ticaret AS's own Return-on-Tangible-Equity has ranged from 13.57 to 165.44 over the past decade. While the company's 10-year median is 40.01 vs. the industry median of 11.09, Migros Ticaret 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 Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.09, based on 298 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. Migros Ticaret AS's current Return-on-Tangible-Equity of 12.26% is 10.6% 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 Migros Ticaret AS and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Migros Ticaret AS's current Return-on-Tangible-Equity is 12.26%, which is 69% below median its own 10-year median of 40.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migros Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Migros Ticaret AS (IST:MGROS) is currently considered Fairly Valued. The stock's GF Value™ is ₺682.34, compared to a current price of ₺629.50 — trading 7.7% below its estimated fair value. The current Return-on-Tangible-Equity is 12.26%, which is 69% below median its 10-year median of 40.01 and 10.6% above the Retail - Defensive industry median of 11.09. Migros Ticaret AS's overall GF Score™ is 87/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Migros Ticaret AS (IST:MGROS), the current Return-on-Tangible-Equity is 12.26% 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 Migros Ticaret AS (IST:MGROS) Overvalued in 2026?
Based on GuruFocus' analysis, Migros Ticaret AS stock appears to be undervalued.
The current stock price of ₺629.50 is trading 7.7% below its estimated GF Value™ of ₺682.34.
GuruFocus considers Migros Ticaret AS to be Fairly Valued.
Key valuation signals for IST:MGROS:
Return-on-Tangible-Equity: 12.26% (69% below median its 10-year median of 40.01)
GF Value™: ₺682.34 vs. price of ₺629.50 (7.7% below fair value)
Industry Position: 10.6% above the Retail - Defensive median (#122 of 298)
No single metric tells the full story. See the IST:MGROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Migros Ticaret AS is a Turkey-based company that is principally engaged in the retail business. The company also operates in the business lines of online food retailing and ready meals, payment and electronic money services, logistics services, media, shopping center management, and others.
87GF Score
Get the complete analysis for IST:MGROS
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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