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IST:PAGYO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.11 Med: 9.69 Max: 59.84
Current: 11.89
During the past 13 years, Panora Gayrimenkul Yatirim Ortakligi AS's highest Return-on-Tangible-Equity was 59.84%. The lowest was 3.11%. And the median was 9.69%.
IST:PAGYO's Return-on-Tangible-Equity is ranked better than 79.23% of 934
companies
in the REITs industry
Industry Median: 6.275
vs IST:PAGYO: 11.89
Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) 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.
Panora Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity Related Terms
Panora Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity Historical Data
* 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.
Panora Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity Chart
Panora Gayrimenkul Yatirim Ortakligi AS Annual Data
IST:PAGYO vs SPG, O, KIM: Return-on-Tangible-Equity Comparison
For the REIT - Retail subindustry, Panora 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.
Panora Gayrimenkul Yatirim Ortakligi AS Return-on-Tangible-Equity vs REITs Industry
* 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 4.38% mean?
Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) has a Return-on-Tangible-Equity of 4.38% 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 Panora Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 55% below median its historical median of 9.69. Over the past decade, Panora Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity has ranged from 3.11 to 59.84. According to the industry distribution chart, Panora Gayrimenkul Yatirim Ortakligi AS ranks #194 out of 934 companies in the REITs industry, placing it in the top 20.8%.
Is Panora Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity too high?
Panora Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Equity of 4.38% is 55% below median its 10-year median of 9.69. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 59.84. The REITs industry median Return-on-Tangible-Equity is 6.28. Panora Gayrimenkul Yatirim Ortakligi AS's value of 4.38% is 30.2% below this industry median. Based on the distribution chart, Panora Gayrimenkul Yatirim Ortakligi AS ranks #194 out of 934 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Panora Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Panora Gayrimenkul Yatirim Ortakligi AS's Return-on-Tangible-Equity compare to SPG and O?
According to the REITs industry distribution chart, Panora Gayrimenkul Yatirim Ortakligi AS ranks #194 out of 934 companies for Return-on-Tangible-Equity. This places Panora Gayrimenkul Yatirim Ortakligi AS in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.28. Panora Gayrimenkul Yatirim Ortakligi AS's value of 4.38% is 30.2% below this benchmark. Historically, Panora Gayrimenkul Yatirim Ortakligi AS's own Return-on-Tangible-Equity has ranged from 3.11 to 59.84 over the past decade. While the company's 10-year median is 9.69 vs. the industry median of 6.28, Panora Gayrimenkul Yatirim Ortakligi 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.28, based on 934 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. Panora Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Equity of 4.38% is 30.2% 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 Panora Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panora Gayrimenkul Yatirim Ortakligi AS's current Return-on-Tangible-Equity is 4.38%, which is 55% below median its own 10-year median of 9.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panora Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺87.03, compared to a current price of ₺154.60 — trading 77.6% above its estimated fair value. The current Return-on-Tangible-Equity is 4.38%, which is 55% below median its 10-year median of 9.69 and 30.2% below the REITs industry median of 6.28. Panora Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 73/100 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 Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO), the current Return-on-Tangible-Equity is 4.38% 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 Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) Overvalued in 2026?
Based on GuruFocus' analysis, Panora Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued.
The current stock price of ₺154.60 is trading 77.6% above its estimated GF Value™ of ₺87.03.
GuruFocus considers Panora Gayrimenkul Yatirim Ortakligi AS to be Significantly Overvalued.
Key valuation signals for IST:PAGYO:
Return-on-Tangible-Equity: 4.38% (55% below median its 10-year median of 9.69)
GF Value™: ₺87.03 vs. price of ₺154.60 (77.6% above fair value)
Industry Position: 30.2% below the REITs median (#194 of 934)
No single metric tells the full story. See the IST:PAGYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panora Gayrimenkul Yatirim Ortakligi AS Business Description
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