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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. AHES Gayrimenkul Yatirim Ortakligi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.31%.
IST:AHSGY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -51.76 Med: 245.64 Max: 348.6
Current: 311.49
During the past 5 years, AHES Gayrimenkul Yatirim Ortakligi AS's highest ROC (Joel Greenblatt) % was 348.60%. The lowest was -51.76%. And the median was 245.64%.
IST:AHSGY's ROC (Joel Greenblatt) % is ranked better than 60.1% of 579
companies
in the REITs industry
Industry Median: 177.71
vs IST:AHSGY: 311.49
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.
* 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.
AHES Gayrimenkul Yatirim Ortakligi AS ROC (Joel Greenblatt) % Chart
AHES Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
ROC (Joel Greenblatt) %
184.80
245.64
348.60
-51.76
302.27
AHES Gayrimenkul Yatirim Ortakligi AS Quarterly Data
IST:AHSGY vs VICI, WPC: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, AHES Gayrimenkul Yatirim Ortakligi 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.
AHES Gayrimenkul Yatirim Ortakligi AS ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, AHES Gayrimenkul Yatirim Ortakligi AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AHES Gayrimenkul Yatirim Ortakligi AS's ROC (Joel Greenblatt) % falls into.
AHES Gayrimenkul Yatirim Ortakligi 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 -0.31% mean?
AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY) has a ROC (Joel Greenblatt) % of -0.31% 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 AHES Gayrimenkul Yatirim Ortakligi AS and its competitors. According to the industry distribution chart, AHES Gayrimenkul Yatirim Ortakligi AS ranks #231 out of 579 companies in the REITs industry, placing it in the top 39.9%.
Is AHES Gayrimenkul Yatirim Ortakligi AS's ROC (Joel Greenblatt) % too high?
AHES Gayrimenkul Yatirim Ortakligi AS's current ROC (Joel Greenblatt) % is -0.31%. Based on the distribution chart, AHES Gayrimenkul Yatirim Ortakligi AS ranks #231 out of 579 companies in the REITs industry, which is above the industry midpoint. Overall, AHES Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does AHES Gayrimenkul Yatirim Ortakligi AS's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, AHES Gayrimenkul Yatirim Ortakligi AS ranks #231 out of 579 companies for ROC (Joel Greenblatt) %. This puts AHES Gayrimenkul Yatirim Ortakligi AS in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 177.71. 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 177.71, based on 579 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. 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 AHES Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 177.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AHES Gayrimenkul Yatirim Ortakligi AS's current ROC (Joel Greenblatt) % is -0.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AHES Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY) has a current ROC (Joel Greenblatt) % of -0.31%. The current ROC (Joel Greenblatt) % is -0.31%. AHES Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 25/100 with 4 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 AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY), the current ROC (Joel Greenblatt) % is -0.31% 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.
AHES Gayrimenkul Yatirim Ortakligi AS Business Description
AHES Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. It is operating in the real estate, construction, contracting and engineering sectors. The company offers an opportunity that opens the door to profitable investments in the future.
25GF Score
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