Ayen Enerji ASIST:AYEN +1.06%54 ROC (Joel Greenblatt) % is 9.89% as of Mar. 2026, which is 31% above its 10-year median of 7.56. GuruFocus rates IST:AYEN with a GF Score™ of 54/100 and a GF Value™ of ₺23.17 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, Ayen Enerji AS ranks better than 55.73% 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. Ayen Enerji AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.89%.
The historical rank and industry rank for Ayen Enerji AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:AYEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.89 Med: 7.56 Max: 36.94
Current: 7.67
During the past 13 years, Ayen Enerji AS's highest ROC (Joel Greenblatt) % was 36.94%. The lowest was 1.89%. And the median was 7.56%.
IST:AYEN's ROC (Joel Greenblatt) % is ranked better than 55.73% of 436
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.525
vs IST:AYEN: 7.67
Ayen Enerji AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.10% per year.
Ayen Enerji AS (IST:AYEN) 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.
Ayen Enerji AS ROC (Joel Greenblatt) % Related Terms
Ayen Enerji AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ayen Enerji 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.
Ayen Enerji AS ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, Ayen Enerji 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.
Ayen Enerji AS ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ayen Enerji AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ayen Enerji AS's ROC (Joel Greenblatt) % falls into.
Ayen Enerji 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 9.89% mean?
Ayen Enerji AS (IST:AYEN) has a ROC (Joel Greenblatt) % of 9.89% 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 Ayen Enerji AS and its competitors. This is 31% above median its historical median of 7.56. Over the past decade, Ayen Enerji AS's ROC (Joel Greenblatt) % has ranged from 1.89 to 36.94. According to the industry distribution chart, Ayen Enerji AS ranks #193 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 44.3%.
Is Ayen Enerji AS's ROC (Joel Greenblatt) % too high?
Ayen Enerji AS's current ROC (Joel Greenblatt) % of 9.89% is 31% above median its 10-year median of 7.56. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 36.94. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.53. Ayen Enerji AS's value of 9.89% is 51.6% above this industry median. Based on the distribution chart, Ayen Enerji AS ranks #193 out of 436 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Ayen Enerji AS has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ayen Enerji AS's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ayen Enerji AS ranks #193 out of 436 companies for ROC (Joel Greenblatt) %. This puts Ayen Enerji AS in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 6.53. Ayen Enerji AS's value of 9.89% is 51.6% above this benchmark. Historically, Ayen Enerji AS's own ROC (Joel Greenblatt) % has ranged from 1.89 to 36.94 over the past decade. While the company's 10-year median is 7.56 vs. the industry median of 6.53, Ayen Enerji 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 an Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.53, based on 436 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. Ayen Enerji AS's current ROC (Joel Greenblatt) % of 9.89% is 51.6% 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 Ayen Enerji AS and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayen Enerji AS's current ROC (Joel Greenblatt) % is 9.89%, which is 31% above median its own 10-year median of 7.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayen Enerji AS stock overvalued right now?
Based on GuruFocus' analysis, Ayen Enerji AS (IST:AYEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺23.17, compared to a current price of ₺34.18 — trading 47.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.89%, which is 31% above median its 10-year median of 7.56 and 51.6% above the Utilities - Independent Power Producers industry median of 6.53. Ayen Enerji AS's overall GF Score™ is 54/100 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 Ayen Enerji AS (IST:AYEN), the current ROC (Joel Greenblatt) % is 9.89% 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 Ayen Enerji AS (IST:AYEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ayen Enerji AS stock appears to be overvalued.
The current stock price of ₺34.18 is trading 47.5% above its estimated GF Value™ of ₺23.17.
GuruFocus considers Ayen Enerji AS to be Significantly Overvalued.
Key valuation signals for IST:AYEN:
ROC (Joel Greenblatt) %: 9.89% (31% above median its 10-year median of 7.56)
GF Value™: ₺23.17 vs. price of ₺34.18 (47.5% above fair value)
Industry Position: 51.6% above the Utilities - Independent Power Producers median (#193 of 436)
No single metric tells the full story. See the IST:AYEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ayen Enerji AS is a Turkey-based company engaged in the generation, transmission, distribution, and trading of electricity. The company's geographical segment includes Turkey and Abroad. It generates maximum revenue from Abroad. The company generates the majority of its energy from Hydro plants. The companies located in abroad operate in Albania, Serbia, and Slovenia.
54GF Score
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