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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. ARD Grup Bilisim Teknolojileri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 153.03%.
The historical rank and industry rank for ARD Grup Bilisim Teknolojileri AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:ARDYZ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 44.41 Med: 113.63 Max: 188.67
Current: 122.43
During the past 10 years, ARD Grup Bilisim Teknolojileri AS's highest ROC (Joel Greenblatt) % was 188.67%. The lowest was 44.41%. And the median was 113.63%.
IST:ARDYZ's ROC (Joel Greenblatt) % is ranked better than 76.14% of 2816
companies
in the Software industry
Industry Median: 20.03
vs IST:ARDYZ: 122.43
ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) 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.
* 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.
ARD Grup Bilisim Teknolojileri AS ROC (Joel Greenblatt) % Chart
IST:ARDYZ vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, ARD Grup Bilisim Teknolojileri 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.
ARD Grup Bilisim Teknolojileri AS ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, ARD Grup Bilisim Teknolojileri AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ARD Grup Bilisim Teknolojileri AS's ROC (Joel Greenblatt) % falls into.
ARD Grup Bilisim Teknolojileri 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 153.03% mean?
ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) has a ROC (Joel Greenblatt) % of 153.03% 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 ARD Grup Bilisim Teknolojileri AS and its competitors. This is 35% above median its historical median of 113.63. Over the past decade, ARD Grup Bilisim Teknolojileri AS's ROC (Joel Greenblatt) % has ranged from 44.41 to 188.67. According to the industry distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #672 out of 2816 companies in the Software industry, placing it in the top 23.9%.
Is ARD Grup Bilisim Teknolojileri AS's ROC (Joel Greenblatt) % too high?
ARD Grup Bilisim Teknolojileri AS's current ROC (Joel Greenblatt) % of 153.03% is 35% above median its 10-year median of 113.63. Over the past 10 years, this metric has ranged from a low of 44.41 to a high of 188.67. The Software industry median ROC (Joel Greenblatt) % is 20.03. ARD Grup Bilisim Teknolojileri AS's value of 153.03% is 664% above this industry median. Based on the distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #672 out of 2816 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, ARD Grup Bilisim Teknolojileri AS has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ARD Grup Bilisim Teknolojileri AS's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #672 out of 2816 companies for ROC (Joel Greenblatt) %. This places ARD Grup Bilisim Teknolojileri AS in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.03. ARD Grup Bilisim Teknolojileri AS's value of 153.03% is 664% above this benchmark. Historically, ARD Grup Bilisim Teknolojileri AS's own ROC (Joel Greenblatt) % has ranged from 44.41 to 188.67 over the past decade. While the company's 10-year median is 113.63 vs. the industry median of 20.03, ARD Grup Bilisim Teknolojileri 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.03, based on 2,816 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. ARD Grup Bilisim Teknolojileri AS's current ROC (Joel Greenblatt) % of 153.03% is 664% 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 ARD Grup Bilisim Teknolojileri AS and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARD Grup Bilisim Teknolojileri AS's current ROC (Joel Greenblatt) % is 153.03%, which is 35% above median its own 10-year median of 113.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARD Grup Bilisim Teknolojileri AS stock overvalued right now?
Based on GuruFocus' analysis, ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺59.66, compared to a current price of ₺71.70 — trading 20.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 153.03%, which is 35% above median its 10-year median of 113.63 and 664% above the Software industry median of 20.03. ARD Grup Bilisim Teknolojileri AS's overall GF Score™ is 89/100 with 10 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 ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ), the current ROC (Joel Greenblatt) % is 153.03% 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 ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Overvalued in 2026?
Based on GuruFocus' analysis, ARD Grup Bilisim Teknolojileri AS stock appears to be overvalued.
The current stock price of ₺71.70 is trading 20.2% above its estimated GF Value™ of ₺59.66.
GuruFocus considers ARD Grup Bilisim Teknolojileri AS to be Modestly Overvalued.
Key valuation signals for IST:ARDYZ:
ROC (Joel Greenblatt) %: 153.03% (35% above median its 10-year median of 113.63)
GF Value™: ₺59.66 vs. price of ₺71.70 (20.2% above fair value)
Industry Position: 664% above the Software median (#672 of 2816)
No single metric tells the full story. See the IST:ARDYZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ARD Grup Bilisim Teknolojileri AS Business Description
ARD Grup Bilisim Teknolojileri AS is engaged in software development. It offers architecture solutions, software development, enterprise software solutions, cloud solutions, cybersecurity software.
89GF Score
Get the complete analysis for IST:ARDYZ
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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