Aygaz ASIST:AYGAZ -0.71%56 ROA % is 0.66% as of Mar. 2026, which is 92% below its 10-year median of 7.94. GuruFocus rates IST:AYGAZ with a GF Score™ of 56/100 and a GF Value™ of ₺146.45 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 511 Utilities - Regulated companies, Aygaz AS ranks better than 84.15% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Aygaz AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺540 Mil.
Aygaz AS's average Total Assets over the quarter that ended in Mar. 2026 was ₺82,362 Mil. Therefore, Aygaz AS's annualized ROA % for the quarter that ended in Mar. 2026 was 0.66%.
The historical rank and industry rank for Aygaz AS's ROA % or its related term are showing as below:
IST:AYGAZ'
s ROA % Range Over the Past 10 Years
Min: -0.48 Med: 7.94 Max: 25.31
Current: 6.67
During the past 13 years, Aygaz AS's highest ROA % was 25.31%. The lowest was -0.48%. And the median was 7.94%.
IST:AYGAZ's ROA % is ranked better than 84.15% of 511
companies
in the Utilities - Regulated industry
Industry Median: 3.02
vs IST:AYGAZ: 6.67
Aygaz AS (IST:AYGAZ) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Aygaz AS ROA % Related Terms
Aygaz AS ROA % Historical Data
* Premium members only.
The historical data trend for Aygaz AS's ROA % 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.
For the Utilities - Regulated Gas subindustry, Aygaz AS's ROA %, along with its competitors' market caps and ROA % 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.
Aygaz AS ROA % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aygaz AS's ROA % distribution charts can be found below:
* The bar in red indicates where Aygaz AS's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Aygaz AS (IST:AYGAZ) has a ROA % of 0.66% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Aygaz AS and its competitors. This is 92% below median its historical median of 7.94. According to the industry distribution chart, Aygaz AS ranks #81 out of 511 companies in the Utilities - Regulated industry, placing it in the top 15.9%.
Is Aygaz AS's ROA % too high?
Aygaz AS's current ROA % of 0.66% is 92% below median its 10-year median of 7.94. The Utilities - Regulated industry median ROA % is 3.02. Aygaz AS's value of 0.66% is 78.1% below this industry median. Based on the distribution chart, Aygaz AS ranks #81 out of 511 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Aygaz AS has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's ROA % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Aygaz AS ranks #81 out of 511 companies for ROA %. This places Aygaz AS in the top 16% of its industry — outperforming the majority of peers. The industry median ROA % is 3.02. Aygaz AS's value of 0.66% is 78.1% below this benchmark. While the company's 10-year median is 7.94 vs. the industry median of 3.02, Aygaz 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 ROA % for an Utilities - Regulated company?
The median ROA % among Utilities - Regulated companies is 3.02, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aygaz AS's current ROA % of 0.66% is 78.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Aygaz AS and its competitors. For the Utilities - Regulated industry, the median ROA % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aygaz AS's current ROA % is 0.66%, which is 92% below median its own 10-year median of 7.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺146.45, compared to a current price of ₺209.50 — trading 43.1% above its estimated fair value. The current ROA % is 0.66%, which is 92% below median its 10-year median of 7.94 and 78.1% below the Utilities - Regulated industry median of 3.02. Aygaz AS's overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Aygaz AS (IST:AYGAZ), the current ROA % is 0.66% 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued.
The current stock price of ₺209.50 is trading 43.1% above its estimated GF Value™ of ₺146.45.
GuruFocus considers Aygaz AS to be Significantly Overvalued.
Key valuation signals for IST:AYGAZ:
ROA %: 0.66% (92% below median its 10-year median of 7.94)
GF Value™: ₺146.45 vs. price of ₺209.50 (43.1% above fair value)
Industry Position: 78.1% below the Utilities - Regulated median (#81 of 511)
No single metric tells the full story. See the IST:AYGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
56GF Score
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