ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) ROA %: 1.49% (As of Mar. 2026) — 83% Below Median

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IST:ZRGYO ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
80 GF Score
Price ₺18.21
GF Value ₺13.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ROA %?

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO -1.57% 80 ROA % is 1.49% as of Mar. 2026, which is 83% below its 10-year median of 8.91. GuruFocus rates IST:ZRGYO with a GF Score™ of 80/100 and a GF Value™ of ₺13.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 932 REITs companies, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks better than 83.48% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's annualized Net Income for the quarter that ended in Mar. 2026 was ₺1,514 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's average Total Assets over the quarter that ended in Mar. 2026 was ₺101,332 Mil. Therefore, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's annualized ROA % for the quarter that ended in Mar. 2026 was 1.49%.

The historical rank and industry rank for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's ROA % or its related term are showing as below:

IST:ZRGYO' s ROA % Range Over the Past 10 Years
Min: 5.61   Med: 8.91   Max: 42.54
Current: 8.88

During the past 8 years, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's highest ROA % was 42.54%. The lowest was 5.61%. And the median was 8.91%.

IST:ZRGYO's ROA % is ranked better than
83.48% of 932 companies
in the REITs industry
Industry Median: 3.205 vs IST:ZRGYO: 8.88

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS  (IST:ZRGYO) 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
=1514.108/101331.647
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1514.108 / 3361.852)*(3361.852 / 101331.647)
=Net Margin %*Asset Turnover
=45.04 %*0.0332
=1.49 %

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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ROA % Related Terms


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ROA % Historical Data

* Premium members only.

The historical data trend for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ROA % Chart

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial 18.75 42.54 12.97 5.66 8.42

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 0.82 10.90 1.99 21.93 1.49

IST:ZRGYO vs VICI, WPC: ROA % Comparison

For the REIT - Diversified subindustry, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ROA % vs REITs Industry

For the REITs industry and Real Estate sector, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's ROA % distribution charts can be found below:

* The bar in red indicates where ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's ROA % falls into.


IST:ZRGYO
80GF Score
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ROA % Calculation

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 )
=7555.651/( (83297.304+96073.35)/ 2 )
=7555.651/89685.327
=8.42 %

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 )
=1514.108/( (96073.35+106589.944)/ 2 )
=1514.108/101331.647
=1.49 %

* 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 1.49% mean?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) has a ROA % of 1.49% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. This is 83% below median its historical median of 8.91. Over the past decade, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's ROA % has ranged from 5.61 to 42.54. According to the industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #154 out of 932 companies in the REITs industry, placing it in the top 16.5%.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's ROA % too high?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current ROA % of 1.49% is 83% below median its 10-year median of 8.91. Over the past 10 years, this metric has ranged from a low of 5.61 to a high of 42.54. The REITs industry median ROA % is 3.21. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 1.49% is 53.5% below this industry median. Based on the distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #154 out of 932 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's ROA % compare to VICI and WPC?
According to the REITs industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #154 out of 932 companies for ROA %. This places ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 3.21. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 1.49% is 53.5% below this benchmark. Historically, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's own ROA % has ranged from 5.61 to 42.54 over the past decade. While the company's 10-year median is 8.91 vs. the industry median of 3.21, ZIRAAT 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.21, based on 932 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. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current ROA % of 1.49% is 53.5% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. For the REITs industry, the median ROA % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current ROA % is 1.49%, which is 83% below median its own 10-year median of 8.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock overvalued right now?
Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.94, compared to a current price of ₺18.21 — trading 30.6% above its estimated fair value. The current ROA % is 1.49%, which is 83% below median its 10-year median of 8.91 and 53.5% below the REITs industry median of 3.21. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's overall GF Score™ is 80/100 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO), the current ROA % is 1.49% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock appears to be overvalued. The current stock price of ₺18.21 is trading 30.6% above its estimated GF Value™ of ₺13.94. GuruFocus considers ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS to be Significantly Overvalued.

Key valuation signals for IST:ZRGYO:

  • ROA %: 1.49% (83% below median its 10-year median of 8.91)
  • GF Value™: ₺13.94 vs. price of ₺18.21 (30.6% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 53.5% below the REITs median (#154 of 932)

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


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Business Description

Industry Real EstateREITs
Address Sahrayi Cedit Mahallesi, Ataturk Caddesi No: 48, Kat: 8-9, Kozyatagi-Kadikoy, Istanbul, TUR, 34734
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.
80GF Score

Get the complete analysis for IST:ZRGYO

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

₺18.21
Price
₺13.94
GF Value