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. Avrupa Yatirim Holding AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -983.19%.
The historical rank and industry rank for Avrupa Yatirim Holding AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:AVHOL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -521.53 Med: 15.64 Max: 348.4
Current: -521.53
During the past 13 years, Avrupa Yatirim Holding AS's highest ROC (Joel Greenblatt) % was 348.40%. The lowest was -521.53%. And the median was 15.64%.
IST:AVHOL's ROC (Joel Greenblatt) % is ranked worse than 86.15% of 628
companies
in the Asset Management industry
Industry Median: 64.34
vs IST:AVHOL: -521.53
Avrupa Yatirim Holding AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Avrupa Yatirim Holding AS (IST:AVHOL) 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.
Avrupa Yatirim Holding AS ROC (Joel Greenblatt) % Related Terms
Avrupa Yatirim Holding AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Avrupa Yatirim Holding 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.
Avrupa Yatirim Holding AS ROC (Joel Greenblatt) % Chart
IST:AVHOL vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Avrupa Yatirim Holding 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.
Avrupa Yatirim Holding AS ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Avrupa Yatirim Holding AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Avrupa Yatirim Holding AS's ROC (Joel Greenblatt) % falls into.
Avrupa Yatirim Holding 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 -983.19% mean?
Avrupa Yatirim Holding AS (IST:AVHOL) has a ROC (Joel Greenblatt) % of -983.19% 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 Avrupa Yatirim Holding AS and its competitors. According to the industry distribution chart, Avrupa Yatirim Holding AS ranks #541 out of 628 companies in the Asset Management industry, placing it in the top 86.1%.
Is Avrupa Yatirim Holding AS's ROC (Joel Greenblatt) % too high?
Avrupa Yatirim Holding AS's current ROC (Joel Greenblatt) % is -983.19%. Based on the distribution chart, Avrupa Yatirim Holding AS ranks #541 out of 628 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Avrupa Yatirim Holding AS has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Avrupa Yatirim Holding AS's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Avrupa Yatirim Holding AS ranks #541 out of 628 companies for ROC (Joel Greenblatt) %. This places Avrupa Yatirim Holding AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 64.34. 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 64.34, based on 628 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 Avrupa Yatirim Holding AS and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 64.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avrupa Yatirim Holding AS's current ROC (Joel Greenblatt) % is -983.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avrupa Yatirim Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Avrupa Yatirim Holding AS (IST:AVHOL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺33.51, compared to a current price of ₺38.56 — trading 15.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is -983.19%. Avrupa Yatirim Holding AS's overall GF Score™ is 43/100 with 6 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 Avrupa Yatirim Holding AS (IST:AVHOL), the current ROC (Joel Greenblatt) % is -983.19% 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 Avrupa Yatirim Holding AS (IST:AVHOL) Overvalued in 2026?
Based on GuruFocus' analysis, Avrupa Yatirim Holding AS stock appears to be overvalued.
The current stock price of ₺38.56 is trading 15.1% above its estimated GF Value™ of ₺33.51.
GuruFocus considers Avrupa Yatirim Holding AS to be Modestly Overvalued.
Key valuation signals for IST:AVHOL:
ROC (Joel Greenblatt) %: -983.19%
GF Value™: ₺33.51 vs. price of ₺38.56 (15.1% above fair value)
No single metric tells the full story. See the IST:AVHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avrupa Yatirim Holding AS is an investment company. The company invests in strategic sectors such as health, energy, construction, and software. Its current investment are in the health and insurance sectors.
43GF Score
Get the complete analysis for IST:AVHOL
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IST:AVHOL has been successfully added to your 
