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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. Arf Bio Yenilenebilir Enerji Uretim AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -6.18%.
IST:ARFYE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.16 Med: 3.87 Max: 14
Current: 2.16
During the past 3 years, Arf Bio Yenilenebilir Enerji Uretim AS's highest ROC (Joel Greenblatt) % was 14.00%. The lowest was 2.16%. And the median was 3.87%.
IST:ARFYE's ROC (Joel Greenblatt) % is ranked worse than 70.68% of 440
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.05
vs IST:ARFYE: 2.16
Arf Bio Yenilenebilir Enerji Uretim AS (IST:ARFYE) 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.
Arf Bio Yenilenebilir Enerji Uretim AS ROC (Joel Greenblatt) % Chart
Arf Bio Yenilenebilir Enerji Uretim AS Annual Data
Trend
Dec22
Dec23
Dec24
ROC (Joel Greenblatt) %
3.71
14.00
3.87
Arf Bio Yenilenebilir Enerji Uretim AS Quarterly Data
Arf Bio Yenilenebilir Enerji Uretim AS ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, Arf Bio Yenilenebilir Enerji Uretim 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.
Arf Bio Yenilenebilir Enerji Uretim AS ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Arf Bio Yenilenebilir Enerji Uretim AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Arf Bio Yenilenebilir Enerji Uretim AS's ROC (Joel Greenblatt) % falls into.
Arf Bio Yenilenebilir Enerji Uretim 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 (Jun. 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 -6.18% mean?
Arf Bio Yenilenebilir Enerji Uretim AS (IST:ARFYE) has a ROC (Joel Greenblatt) % of -6.18% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Arf Bio Yenilenebilir Enerji Uretim AS and its competitors. Over the past decade, Arf Bio Yenilenebilir Enerji Uretim AS's ROC (Joel Greenblatt) % has ranged from 2.16 to 14.00. According to the industry distribution chart, Arf Bio Yenilenebilir Enerji Uretim AS ranks #311 out of 440 companies in the Utilities - Independent Power Producers industry, placing it in the top 70.7%.
Is Arf Bio Yenilenebilir Enerji Uretim AS's ROC (Joel Greenblatt) % too high?
Arf Bio Yenilenebilir Enerji Uretim AS's current ROC (Joel Greenblatt) % is -6.18%. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 14.00. Based on the distribution chart, Arf Bio Yenilenebilir Enerji Uretim AS ranks #311 out of 440 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Arf Bio Yenilenebilir Enerji Uretim AS has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Arf Bio Yenilenebilir Enerji Uretim AS's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Arf Bio Yenilenebilir Enerji Uretim AS ranks #311 out of 440 companies for ROC (Joel Greenblatt) %. This places Arf Bio Yenilenebilir Enerji Uretim AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.05. Historically, Arf Bio Yenilenebilir Enerji Uretim AS's own ROC (Joel Greenblatt) % has ranged from 2.16 to 14.00 over the past decade. 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.05, based on 440 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 Arf Bio Yenilenebilir Enerji Uretim AS and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arf Bio Yenilenebilir Enerji Uretim AS's current ROC (Joel Greenblatt) % is -6.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arf Bio Yenilenebilir Enerji Uretim AS stock overvalued right now?
Arf Bio Yenilenebilir Enerji Uretim AS (IST:ARFYE) has a current ROC (Joel Greenblatt) % of -6.18%. The current ROC (Joel Greenblatt) % is -6.18%. Arf Bio Yenilenebilir Enerji Uretim AS's overall GF Score™ is 16/100 with 2 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 Arf Bio Yenilenebilir Enerji Uretim AS (IST:ARFYE), the current ROC (Joel Greenblatt) % is -6.18% as of Jun. 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.
Arf Bio Yenilenebilir Enerji Uretim AS operates in the renewable energy sector. The company is engaged in biomass sector that focused on transforming waste that causes environmental pollution into efficient end products. its Biogas Technology enables the generation of energy from organic waste materials, increases soil fertility with organic-organomineral fertilizers, and generation of electricity.
16GF Score
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