Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) ROA %: 2.29% (As of Mar. 2026) — 60% Below Median


IST:TUPRS Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS
80 GF Score
Price ₺219.30
GF Value ₺147.82
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Tupras-Turkiye Petrol Rafineleri AS ROA %?

Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS +0.05% 80 ROA % is 2.29% as of Mar. 2026, which is 60% below its 10-year median of 5.66. GuruFocus rates IST:TUPRS with a GF Score™ of 80/100 and a GF Value™ of ₺147.82 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,030 Oil & Gas companies, Tupras-Turkiye Petrol Rafineleri AS ranks better than 72.33% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tupras-Turkiye Petrol Rafineleri AS's annualized Net Income for the quarter that ended in Mar. 2026 was ₺14,839 Mil. Tupras-Turkiye Petrol Rafineleri AS's average Total Assets over the quarter that ended in Mar. 2026 was ₺648,360 Mil. Therefore, Tupras-Turkiye Petrol Rafineleri AS's annualized ROA % for the quarter that ended in Mar. 2026 was 2.29%.

The historical rank and industry rank for Tupras-Turkiye Petrol Rafineleri AS's ROA % or its related term are showing as below:

IST:TUPRS' s ROA % Range Over the Past 10 Years
Min: -4.19   Med: 5.66   Max: 27.01
Current: 5.54

During the past 13 years, Tupras-Turkiye Petrol Rafineleri AS's highest ROA % was 27.01%. The lowest was -4.19%. And the median was 5.66%.

IST:TUPRS's ROA % is ranked better than
72.33% of 1030 companies
in the Oil & Gas industry
Industry Median: 1.89 vs IST:TUPRS: 5.54

Tupras-Turkiye Petrol Rafineleri AS  (IST:TUPRS) 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 bank’s 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:

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=14839.036/648359.651
=(Net Income / Revenue)*(Revenue / Total Assets)
=(14839.036 / 1033015.4)*(1033015.4 / 648359.651)
=Net Margin %*Asset Turnover
=1.44 %*1.5933
=2.29 %

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.


Tupras-Turkiye Petrol Rafineleri AS ROA % Related Terms


Tupras-Turkiye Petrol Rafineleri AS ROA % Historical Data

* Premium members only.

The historical data trend for Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS ROA % Chart

Tupras-Turkiye Petrol Rafineleri AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.11 27.01 17.64 4.27 4.98

Tupras-Turkiye Petrol Rafineleri AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 6.96 8.42 5.12 2.29

IST:TUPRS vs VLO, MPC, PSX: ROA % Comparison

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.


Tupras-Turkiye Petrol Rafineleri AS ROA % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's ROA % distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's ROA % falls into.


IST:TUPRS
80GF Score
Tupras-Turkiye Petrol Rafineleri AS IST:TUPRS
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tupras-Turkiye Petrol Rafineleri AS ROA % Calculation

Tupras-Turkiye Petrol Rafineleri AS's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=29523.183/( (594416.601+591973.843)/ 2 )
=29523.183/593195.222
=4.98 %

Tupras-Turkiye Petrol Rafineleri AS's annualized ROA % for the quarter that ended in Mar. 2026 is calculated as:

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=14839.036/( (591973.843+704745.459)/ 2 )
=14839.036/648359.651
=2.29 %

* 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.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 2.29% mean?
Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) has a ROA % of 2.29% 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. This is 60% below median its historical median of 5.66. According to the industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #285 out of 1030 companies in the Oil & Gas industry, placing it in the top 27.7%.
Is Tupras-Turkiye Petrol Rafineleri AS's ROA % too high?
Tupras-Turkiye Petrol Rafineleri AS's current ROA % of 2.29% is 60% below median its 10-year median of 5.66. The Oil & Gas industry median ROA % is 1.89. Tupras-Turkiye Petrol Rafineleri AS's value of 2.29% is 21.2% above this industry median. Based on the distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #285 out of 1030 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tupras-Turkiye Petrol Rafineleri AS's ROA % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #285 out of 1030 companies for ROA %. This puts Tupras-Turkiye Petrol Rafineleri AS in the upper half of its industry. The industry median ROA % is 1.89. Tupras-Turkiye Petrol Rafineleri AS's value of 2.29% is 21.2% above this benchmark. While the company's 10-year median is 5.66 vs. the industry median of 1.89, Tupras-Turkiye Petrol Rafineleri 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 ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,030 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. Tupras-Turkiye Petrol Rafineleri AS's current ROA % of 2.29% is 21.2% 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 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tupras-Turkiye Petrol Rafineleri AS's current ROA % is 2.29%, which is 60% below median its own 10-year median of 5.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tupras-Turkiye Petrol Rafineleri AS stock overvalued right now?
Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺147.82, compared to a current price of ₺219.30 — trading 48.4% above its estimated fair value. The current ROA % is 2.29%, which is 60% below median its 10-year median of 5.66 and 21.2% above the Oil & Gas industry median of 1.89. Tupras-Turkiye Petrol Rafineleri AS's overall GF Score™ is 80/100 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS), the current ROA % is 2.29% 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Overvalued in 2026?

Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued. The current stock price of ₺219.30 is trading 48.4% above its estimated GF Value™ of ₺147.82. GuruFocus considers Tupras-Turkiye Petrol Rafineleri AS to be Significantly Overvalued.

Key valuation signals for IST:TUPRS:

  • ROA %: 2.29% (60% below median its 10-year median of 5.66)
  • GF Value™: ₺147.82 vs. price of ₺219.30 (48.4% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 21.2% above the Oil & Gas median (#285 of 1030)

No single metric tells the full story. See the IST:TUPRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tupras-Turkiye Petrol Rafineleri AS Business Description

Industry EnergyOil & Gas
Address Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790
Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.
80GF Score

Get the complete analysis for IST:TUPRS

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺219.30
Price
₺147.82
GF Value