Arcelik ASACKAY +7.10%75 ROC (Joel Greenblatt) % is 20.23% as of Mar. 2026, which is 12% below its 10-year median of 23.10. GuruFocus rates ACKAY with a GF Score™ of 75/100 and a GF Value™ of $9.27 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 432 Furnishings, Fixtures & Appliances companies, Arcelik AS ranks better than 68.75% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Arcelik AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.23%.
The historical rank and industry rank for Arcelik AS's ROC (Joel Greenblatt) % or its related term are showing as below:
ACKAY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 17.5 Med: 23.1 Max: 34.21
Current: 18.51
During the past 13 years, Arcelik AS's highest ROC (Joel Greenblatt) % was 34.21%. The lowest was 17.50%. And the median was 23.10%.
ACKAY's ROC (Joel Greenblatt) % is ranked better than 68.75% of 432
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 9.265
vs ACKAY: 18.51
Arcelik AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.70% per year.
Arcelik AS (OTCPK:ACKAY) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Arcelik AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Arcelik AS's ROC (Joel Greenblatt) % 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.
ACKAY vs SN, SGI, MHK: ROC (Joel Greenblatt) % Comparison
For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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.
Arcelik AS ROC (Joel Greenblatt) % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Arcelik AS's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.
What does a ROC (Joel Greenblatt) % of 20.23% mean?
Arcelik AS (ACKAY) has a ROC (Joel Greenblatt) % of 20.23% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Arcelik AS and its competitors. This is 12% below median its historical median of 23.10. Over the past decade, Arcelik AS's ROC (Joel Greenblatt) % has ranged from 17.50 to 34.21. According to the industry distribution chart, Arcelik AS ranks #135 out of 432 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 31.2%.
Is Arcelik AS's ROC (Joel Greenblatt) % too high?
Arcelik AS's current ROC (Joel Greenblatt) % of 20.23% is 12% below median its 10-year median of 23.10. Over the past 10 years, this metric has ranged from a low of 17.50 to a high of 34.21. The Furnishings, Fixtures & Appliances industry median ROC (Joel Greenblatt) % is 9.27. Arcelik AS's value of 20.23% is 118.3% above this industry median. Based on the distribution chart, Arcelik AS ranks #135 out of 432 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Arcelik AS has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcelik AS's ROC (Joel Greenblatt) % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Arcelik AS ranks #135 out of 432 companies for ROC (Joel Greenblatt) %. This puts Arcelik AS in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 9.27. Arcelik AS's value of 20.23% is 118.3% above this benchmark. Historically, Arcelik AS's own ROC (Joel Greenblatt) % has ranged from 17.50 to 34.21 over the past decade. While the company's 10-year median is 23.10 vs. the industry median of 9.27, Arcelik 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 ROC (Joel Greenblatt) % for a Furnishings, Fixtures & Appliances company?
The median ROC (Joel Greenblatt) % among Furnishings, Fixtures & Appliances companies is 9.27, based on 432 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arcelik AS's current ROC (Joel Greenblatt) % of 20.23% is 118.3% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Arcelik AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROC (Joel Greenblatt) % is 9.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcelik AS's current ROC (Joel Greenblatt) % is 20.23%, which is 12% below median its own 10-year median of 23.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcelik AS stock overvalued right now?
Based on GuruFocus' analysis, Arcelik AS (ACKAY) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.27, compared to a current price of $12.52 — trading 35.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 20.23%, which is 12% below median its 10-year median of 23.10 and 118.3% above the Furnishings, Fixtures & Appliances industry median of 9.27. Arcelik AS's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Arcelik AS (ACKAY), the current ROC (Joel Greenblatt) % is 20.23% 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 Arcelik AS (ACKAY) Overvalued in 2026?
Based on GuruFocus' analysis, Arcelik AS stock appears to be overvalued.
The current stock price of $12.52 is trading 35.1% above its estimated GF Value™ of $9.27.
GuruFocus considers Arcelik AS to be Significantly Overvalued.
Key valuation signals for ACKAY:
ROC (Joel Greenblatt) %: 20.23% (12% below median its 10-year median of 23.10)
GF Value™: $9.27 vs. price of $12.52 (35.1% above fair value)
Industry Position: 118.3% above the Furnishings, Fixtures & Appliances median (#135 of 432)
No single metric tells the full story. See the ACKAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. It supplies products and services under the brands of Altus, Arctic, Arcelik, Beko, Blomberg, Dawlance, Defy, Elektrabregenz, Flavel, Grundig, Leisure, and VoltasBeko among others. The company's reportable segments are White goods and Consumer Electronics. The majority of its revenue is derived from the White goods segment which comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers, and the services provided for these products. Geographically, key revenue for the company is generated from Europe.
75GF Score
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