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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. Borusan Yatirim Pazarlama AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -14.37%.
The historical rank and industry rank for Borusan Yatirim Pazarlama AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:BRYAT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 281.29 Med: 1046.05 Max: 15265.7
Current: 555.21
During the past 13 years, Borusan Yatirim Pazarlama AS's highest ROC (Joel Greenblatt) % was 15265.70%. The lowest was 281.29%. And the median was 1046.05%.
IST:BRYAT's ROC (Joel Greenblatt) % is ranked better than 99.05% of 632
companies
in the Steel industry
Industry Median: 7.37
vs IST:BRYAT: 555.21
Borusan Yatirim Pazarlama AS (IST:BRYAT) 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.
Borusan Yatirim Pazarlama AS ROC (Joel Greenblatt) % Chart
IST:BRYAT vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Borusan Yatirim Pazarlama 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.
Borusan Yatirim Pazarlama AS ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Borusan Yatirim Pazarlama AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Borusan Yatirim Pazarlama AS's ROC (Joel Greenblatt) % falls into.
Borusan Yatirim Pazarlama 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 -14.37% mean?
Borusan Yatirim Pazarlama AS (IST:BRYAT) has a ROC (Joel Greenblatt) % of -14.37% 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 Borusan Yatirim Pazarlama AS and its competitors. Over the past decade, Borusan Yatirim Pazarlama AS's ROC (Joel Greenblatt) % has ranged from 281.29 to 15,265.70. According to the industry distribution chart, Borusan Yatirim Pazarlama AS ranks #6 out of 632 companies in the Steel industry, placing it in the top 0.90000000000001%.
Is Borusan Yatirim Pazarlama AS's ROC (Joel Greenblatt) % too high?
Borusan Yatirim Pazarlama AS's current ROC (Joel Greenblatt) % is -14.37%. Over the past 10 years, this metric has ranged from a low of 281.29 to a high of 15,265.70. Based on the distribution chart, Borusan Yatirim Pazarlama AS ranks #6 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Borusan Yatirim Pazarlama AS has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borusan Yatirim Pazarlama AS's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Borusan Yatirim Pazarlama AS ranks #6 out of 632 companies for ROC (Joel Greenblatt) %. This places Borusan Yatirim Pazarlama AS in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.37. Historically, Borusan Yatirim Pazarlama AS's own ROC (Joel Greenblatt) % has ranged from 281.29 to 15,265.70 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 a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.37, based on 632 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 Borusan Yatirim Pazarlama AS and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borusan Yatirim Pazarlama AS's current ROC (Joel Greenblatt) % is -14.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borusan Yatirim Pazarlama AS stock overvalued right now?
Based on GuruFocus' analysis, Borusan Yatirim Pazarlama AS (IST:BRYAT) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺3,852.67, compared to a current price of ₺1,711.00 — trading 55.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is -14.37%. Borusan Yatirim Pazarlama AS's overall GF Score™ is 65/100 with 3 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 Borusan Yatirim Pazarlama AS (IST:BRYAT), the current ROC (Joel Greenblatt) % is -14.37% 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 Borusan Yatirim Pazarlama AS (IST:BRYAT) Overvalued in 2026?
Based on GuruFocus' analysis, Borusan Yatirim Pazarlama AS stock appears to be undervalued.
The current stock price of ₺1,711.00 is trading 55.6% below its estimated GF Value™ of ₺3,852.67.
GuruFocus considers Borusan Yatirim Pazarlama AS to be Significantly Undervalued.
Key valuation signals for IST:BRYAT:
ROC (Joel Greenblatt) %: -14.37%
GF Value™: ₺3,852.67 vs. price of ₺1,711.00 (55.6% below fair value)
No single metric tells the full story. See the IST:BRYAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Borusan Yatirim Pazarlama AS is Turkey-based company with business interests in multiple sectors. The company through its subsidiaries is engaged in the businesses of steel, distributorship, automotive, logistics and energy sectors.
65GF Score
Get the complete analysis for IST:BRYAT
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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