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Celebi Hava Servisi ASIST:CLEBI -1.55%72 ROC (Joel Greenblatt) % is 15.70% as of Mar. 2026, which is 72% below its 10-year median of 56.48. GuruFocus rates IST:CLEBI with a GF Score™ of 72/100 and a GF Value™ of ₺2,292.20 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 998 Transportation companies, Celebi Hava Servisi AS ranks better than 87.98% 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. Celebi Hava Servisi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 15.70%.
The historical rank and industry rank for Celebi Hava Servisi AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:CLEBI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.7 Med: 56.48 Max: 80.29
Current: 39.46
During the past 13 years, Celebi Hava Servisi AS's highest ROC (Joel Greenblatt) % was 80.29%. The lowest was 9.70%. And the median was 56.48%.
IST:CLEBI's ROC (Joel Greenblatt) % is ranked better than 87.98% of 998
companies
in the Transportation industry
Industry Median: 11.76
vs IST:CLEBI: 39.46
Celebi Hava Servisi AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 27.10% per year.
Celebi Hava Servisi AS (IST:CLEBI) 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.
Celebi Hava Servisi AS ROC (Joel Greenblatt) % Related Terms
Celebi Hava Servisi AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Celebi Hava Servisi 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.
Celebi Hava Servisi AS ROC (Joel Greenblatt) % Chart
IST:CLEBI vs JOBY, CAAP: ROC (Joel Greenblatt) % Comparison
For the Airports & Air Services subindustry, Celebi Hava Servisi 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.
Celebi Hava Servisi AS ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Celebi Hava Servisi AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Celebi Hava Servisi AS's ROC (Joel Greenblatt) % falls into.
Celebi Hava Servisi 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 15.70% mean?
Celebi Hava Servisi AS (IST:CLEBI) has a ROC (Joel Greenblatt) % of 15.70% 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 Celebi Hava Servisi AS and its competitors. This is 72% below median its historical median of 56.48. Over the past decade, Celebi Hava Servisi AS's ROC (Joel Greenblatt) % has ranged from 9.70 to 80.29. According to the industry distribution chart, Celebi Hava Servisi AS ranks #120 out of 998 companies in the Transportation industry, placing it in the top 12%.
Is Celebi Hava Servisi AS's ROC (Joel Greenblatt) % too high?
Celebi Hava Servisi AS's current ROC (Joel Greenblatt) % of 15.70% is 72% below median its 10-year median of 56.48. Over the past 10 years, this metric has ranged from a low of 9.70 to a high of 80.29. The Transportation industry median ROC (Joel Greenblatt) % is 11.76. Celebi Hava Servisi AS's value of 15.70% is 33.5% above this industry median. Based on the distribution chart, Celebi Hava Servisi AS ranks #120 out of 998 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Celebi Hava Servisi AS has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celebi Hava Servisi AS's ROC (Joel Greenblatt) % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Celebi Hava Servisi AS ranks #120 out of 998 companies for ROC (Joel Greenblatt) %. This places Celebi Hava Servisi AS in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.76. Celebi Hava Servisi AS's value of 15.70% is 33.5% above this benchmark. Historically, Celebi Hava Servisi AS's own ROC (Joel Greenblatt) % has ranged from 9.70 to 80.29 over the past decade. While the company's 10-year median is 56.48 vs. the industry median of 11.76, Celebi Hava Servisi 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 a Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.76, based on 998 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. Celebi Hava Servisi AS's current ROC (Joel Greenblatt) % of 15.70% is 33.5% 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 Celebi Hava Servisi AS and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celebi Hava Servisi AS's current ROC (Joel Greenblatt) % is 15.70%, which is 72% below median its own 10-year median of 56.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celebi Hava Servisi AS stock overvalued right now?
Based on GuruFocus' analysis, Celebi Hava Servisi AS (IST:CLEBI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺2,292.20, compared to a current price of ₺1,525.00 — trading 33.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 15.70%, which is 72% below median its 10-year median of 56.48 and 33.5% above the Transportation industry median of 11.76. Celebi Hava Servisi AS's overall GF Score™ is 72/100 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 Celebi Hava Servisi AS (IST:CLEBI), the current ROC (Joel Greenblatt) % is 15.70% 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 Celebi Hava Servisi AS (IST:CLEBI) Overvalued in 2026?
Based on GuruFocus' analysis, Celebi Hava Servisi AS stock appears to be undervalued.
The current stock price of ₺1,525.00 is trading 33.5% below its estimated GF Value™ of ₺2,292.20.
GuruFocus considers Celebi Hava Servisi AS to be Significantly Undervalued.
Key valuation signals for IST:CLEBI:
ROC (Joel Greenblatt) %: 15.70% (72% below median its 10-year median of 56.48)
GF Value™: ₺2,292.20 vs. price of ₺1,525.00 (33.5% below fair value)
Industry Position: 33.5% above the Transportation median (#120 of 998)
No single metric tells the full story. See the IST:CLEBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.
72GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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