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Coca Cola Icecek ASCOLZF -1.75%90 ROC (Joel Greenblatt) % is 51.30% as of Mar. 2026, which is 49% above its 10-year median of 34.53. GuruFocus rates COLZF with a GF Score™ of 90/100 and a GF Value™ of $1.44 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Coca Cola Icecek AS ranks better than 82.76% 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. Coca Cola Icecek AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 51.30%.
The historical rank and industry rank for Coca Cola Icecek AS's ROC (Joel Greenblatt) % or its related term are showing as below:
COLZF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.61 Med: 34.53 Max: 94.12
Current: 49.24
During the past 13 years, Coca Cola Icecek AS's highest ROC (Joel Greenblatt) % was 94.12%. The lowest was 3.61%. And the median was 34.53%.
COLZF's ROC (Joel Greenblatt) % is ranked better than 82.76% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.385
vs COLZF: 49.24
Coca Cola Icecek AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.60% per year.
Coca Cola Icecek AS (OTCPK:COLZF) 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.
Coca Cola Icecek AS ROC (Joel Greenblatt) % Related Terms
Coca Cola Icecek AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Coca Cola Icecek 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.
COLZF vs KO, PEP, MNST: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, Coca Cola Icecek 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.
Coca Cola Icecek AS ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca Cola Icecek AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Coca Cola Icecek AS's ROC (Joel Greenblatt) % falls into.
Coca Cola Icecek AS ROC (Joel Greenblatt) % Calculation
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 51.30% mean?
Coca Cola Icecek AS (COLZF) has a ROC (Joel Greenblatt) % of 51.30% 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 Coca Cola Icecek AS and its competitors. This is 49% above median its historical median of 34.53. Over the past decade, Coca Cola Icecek AS's ROC (Joel Greenblatt) % has ranged from 3.61 to 94.12. According to the industry distribution chart, Coca Cola Icecek AS ranks #20 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 17.2%.
Is Coca Cola Icecek AS's ROC (Joel Greenblatt) % too high?
Coca Cola Icecek AS's current ROC (Joel Greenblatt) % of 51.30% is 49% above median its 10-year median of 34.53. Over the past 10 years, this metric has ranged from a low of 3.61 to a high of 94.12. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 20.39. Coca Cola Icecek AS's value of 51.30% is 151.7% above this industry median. Based on the distribution chart, Coca Cola Icecek AS ranks #20 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Coca Cola Icecek AS has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca Cola Icecek AS's ROC (Joel Greenblatt) % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca Cola Icecek AS ranks #20 out of 116 companies for ROC (Joel Greenblatt) %. This places Coca Cola Icecek AS in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.39. Coca Cola Icecek AS's value of 51.30% is 151.7% above this benchmark. Historically, Coca Cola Icecek AS's own ROC (Joel Greenblatt) % has ranged from 3.61 to 94.12 over the past decade. While the company's 10-year median is 34.53 vs. the industry median of 20.39, Coca Cola Icecek 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 Beverages - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 20.39, based on 116 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. Coca Cola Icecek AS's current ROC (Joel Greenblatt) % of 51.30% is 151.7% 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 Coca Cola Icecek AS and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 20.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca Cola Icecek AS's current ROC (Joel Greenblatt) % is 51.30%, which is 49% above median its own 10-year median of 34.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca Cola Icecek AS stock overvalued right now?
Based on GuruFocus' analysis, Coca Cola Icecek AS (COLZF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.44, compared to a current price of $1.68 — trading 16.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 51.30%, which is 49% above median its 10-year median of 34.53 and 151.7% above the Beverages - Non-Alcoholic industry median of 20.39. Coca Cola Icecek AS's overall GF Score™ is 90/100 with 5 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 Coca Cola Icecek AS (COLZF), the current ROC (Joel Greenblatt) % is 51.30% 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 Coca Cola Icecek AS (COLZF) Overvalued in 2026?
Based on GuruFocus' analysis, Coca Cola Icecek AS stock appears to be overvalued.
The current stock price of $1.68 is trading 16.7% above its estimated GF Value™ of $1.44.
GuruFocus considers Coca Cola Icecek AS to be Modestly Overvalued.
Key valuation signals for COLZF:
ROC (Joel Greenblatt) %: 51.30% (49% above median its 10-year median of 34.53)
GF Value™: $1.44 vs. price of $1.68 (16.7% above fair value)
Industry Position: 151.7% above the Beverages - Non-Alcoholic median (#20 of 116)
No single metric tells the full story. See the COLZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca Cola Icecek AS is an exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Bangladesh, Central Asia, the Middle East, and other regions. The brands of the company include Coca-Cola, Fanta, Sprite, Costa Coffee, Crush, Crystal Cola, and others. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey.
90GF Score
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