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Net Holding ASIST:NTHOL -2.00%71 ROA % is 1.05% as of Mar. 2026, which is 75% below its 10-year median of 4.17. GuruFocus rates IST:NTHOL with a GF Score™ of 71/100 and a GF Value™ of ₺56.10 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 857 Travel & Leisure companies, Net Holding AS ranks worse than 56.59% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Net Holding AS's annualizedNet Income for the quarter that ended in Mar. 2026 was ₺1,302 Mil.
Net Holding AS's average Total Assets over the quarter that ended in Mar. 2026 was ₺123,735 Mil. Therefore, Net Holding AS's annualized ROA % for the quarter that ended in Mar. 2026 was 1.05%.
The historical rank and industry rank for Net Holding AS's ROA % or its related term are showing as below:
IST:NTHOL'
s ROA % Range Over the Past 10 Years
Min: -6.5 Med: 4.17 Max: 8.35
Current: 1.59
During the past 13 years, Net Holding AS's highest ROA % was 8.35%. The lowest was -6.50%. And the median was 4.17%.
IST:NTHOL's ROA % is ranked worse than 56.59% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.3
vs IST:NTHOL: 1.59
Net Holding AS (IST:NTHOL) 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.
Net Holding AS ROA % Related Terms
Net Holding AS ROA % Historical Data
* Premium members only.
The historical data trend for Net Holding 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 Travel Services subindustry, Net Holding 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.
Net Holding AS ROA % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's ROA % distribution charts can be found below:
* The bar in red indicates where Net Holding 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.
Net Holding AS (IST:NTHOL) has a ROA % of 1.05% 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 Net Holding AS and its competitors. This is 75% below median its historical median of 4.17. According to the industry distribution chart, Net Holding AS ranks #485 out of 857 companies in the Travel & Leisure industry, placing it in the top 56.6%.
Is Net Holding AS's ROA % too high?
Net Holding AS's current ROA % of 1.05% is 75% below median its 10-year median of 4.17. The Travel & Leisure industry median ROA % is 2.30. Net Holding AS's value of 1.05% is 54.3% below this industry median. Based on the distribution chart, Net Holding AS ranks #485 out of 857 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Net Holding AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's ROA % compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Net Holding AS ranks #485 out of 857 companies for ROA %. This places Net Holding AS in the lower half of its industry. The industry median ROA % is 2.30. Net Holding AS's value of 1.05% is 54.3% below this benchmark. While the company's 10-year median is 4.17 vs. the industry median of 2.30, Net Holding 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 a Travel & Leisure company?
The median ROA % among Travel & Leisure companies is 2.30, based on 857 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. Net Holding AS's current ROA % of 1.05% is 54.3% 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 Net Holding AS and its competitors. For the Travel & Leisure industry, the median ROA % is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Holding AS's current ROA % is 1.05%, which is 75% below median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.10, compared to a current price of ₺44.10 — trading 21.4% below its estimated fair value. The current ROA % is 1.05%, which is 75% below median its 10-year median of 4.17 and 54.3% below the Travel & Leisure industry median of 2.30. Net Holding AS's overall GF Score™ is 71/100 with 4 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 Net Holding AS (IST:NTHOL), the current ROA % is 1.05% 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 Net Holding AS (IST:NTHOL) Overvalued in 2026?
Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued.
The current stock price of ₺44.10 is trading 21.4% below its estimated GF Value™ of ₺56.10.
GuruFocus considers Net Holding AS to be Modestly Undervalued.
Key valuation signals for IST:NTHOL:
ROA %: 1.05% (75% below median its 10-year median of 4.17)
GF Value™: ₺56.10 vs. price of ₺44.10 (21.4% below fair value)
Industry Position: 54.3% below the Travel & Leisure median (#485 of 857)
No single metric tells the full story. See the IST:NTHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
71GF Score
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