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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. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 9.81%.
BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) 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.
BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ROC (Joel Greenblatt) % Chart
BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi Annual Data
IST:BMSTL vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi'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.
BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ROC (Joel Greenblatt) % vs Steel Industry
BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi 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 9.81% mean?
BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) has a ROC (Joel Greenblatt) % of 9.81% 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 BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi and its competitors. This is 37% above median its historical median of 7.14. Over the past decade, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's ROC (Joel Greenblatt) % has ranged from 0.82 to 32.25. According to the industry distribution chart, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ranks #391 out of 633 companies in the Steel industry, placing it in the top 61.8%.
Is BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's ROC (Joel Greenblatt) % too high?
BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's current ROC (Joel Greenblatt) % of 9.81% is 37% above median its 10-year median of 7.14. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 32.25. The Steel industry median ROC (Joel Greenblatt) % is 7.18. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's value of 9.81% is 36.6% above this industry median. Based on the distribution chart, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ranks #391 out of 633 companies in the Steel industry, which is below the industry midpoint. Overall, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi ranks #391 out of 633 companies for ROC (Joel Greenblatt) %. This places BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 7.18. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's value of 9.81% is 36.6% above this benchmark. Historically, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's own ROC (Joel Greenblatt) % has ranged from 0.82 to 32.25 over the past decade. While the company's 10-year median is 7.14 vs. the industry median of 7.18, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi 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 Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.18, based on 633 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. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's current ROC (Joel Greenblatt) % of 9.81% is 36.6% 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 BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's current ROC (Joel Greenblatt) % is 9.81%, which is 37% above median its own 10-year median of 7.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi stock overvalued right now?
Based on GuruFocus' analysis, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺25.50, compared to a current price of ₺43.00 — trading 68.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.81%, which is 37% above median its 10-year median of 7.14 and 36.6% above the Steel industry median of 7.18. BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi's overall GF Score™ is 65/100 with 5 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 BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL), the current ROC (Joel Greenblatt) % is 9.81% 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.
Is BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi (IST:BMSTL) Overvalued in 2026?
Based on GuruFocus' analysis, BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi stock appears to be overvalued.
The current stock price of ₺43.00 is trading 68.6% above its estimated GF Value™ of ₺25.50.
GuruFocus considers BMS Birlesik Metalnayi ve Ticaret Anonim Sirketi to be Significantly Overvalued.
Key valuation signals for IST:BMSTL:
ROC (Joel Greenblatt) %: 9.81% (37% above median its 10-year median of 7.14)
GF Value™: ₺25.50 vs. price of ₺43.00 (68.6% above fair value)
Industry Position: 36.6% above the Steel median (#391 of 633)
No single metric tells the full story. See the IST:BMSTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BMS Birlesik Metal Sanayi ve Ticaret Anonim Sirketi is engaged in galvanized steel wire manufacturing. Its products include armouring wire, hot-dip wire, flat wire among others.
65GF Score
Get the complete analysis for IST:BMSTL
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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