Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Desa Deri venayi Ticaret ASIST:DESA -3.60%74 ROC (Joel Greenblatt) % is 28.25% as of Jun. 2026, which is 15% below its 10-year median of 33.33. GuruFocus rates IST:DESA with a GF Score™ of 74/100 and a GF Value™ of ₺12.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Desa Deri venayi Ticaret AS ranks better than 89.62% 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. Desa Deri venayi Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 28.25%.
The historical rank and industry rank for Desa Deri venayi Ticaret AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:DESA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.32 Med: 33.33 Max: 131.22
Current: 42.95
During the past 13 years, Desa Deri venayi Ticaret AS's highest ROC (Joel Greenblatt) % was 131.22%. The lowest was -10.32%. And the median was 33.33%.
IST:DESA's ROC (Joel Greenblatt) % is ranked better than 89.62% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.03
vs IST:DESA: 42.95
Desa Deri venayi Ticaret AS (IST:DESA) 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.
Desa Deri venayi Ticaret AS ROC (Joel Greenblatt) % Chart
IST:DESA vs NKE, DECK, ONON: ROC (Joel Greenblatt) % Comparison
For the Footwear & Accessories subindustry, Desa Deri venayi Ticaret 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.
Desa Deri venayi Ticaret AS ROC (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Desa Deri venayi Ticaret AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Desa Deri venayi Ticaret AS's ROC (Joel Greenblatt) % falls into.
Desa Deri venayi Ticaret 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 28.25% mean?
Desa Deri venayi Ticaret AS (IST:DESA) has a ROC (Joel Greenblatt) % of 28.25% 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 Desa Deri venayi Ticaret AS and its competitors. This is 15% below median its historical median of 33.33. According to the industry distribution chart, Desa Deri venayi Ticaret AS ranks #111 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 10.4%.
Is Desa Deri venayi Ticaret AS's ROC (Joel Greenblatt) % too high?
Desa Deri venayi Ticaret AS's current ROC (Joel Greenblatt) % of 28.25% is 15% below median its 10-year median of 33.33. The Manufacturing - Apparel & Accessories industry median ROC (Joel Greenblatt) % is 9.03. Desa Deri venayi Ticaret AS's value of 28.25% is 212.8% above this industry median. Based on the distribution chart, Desa Deri venayi Ticaret AS ranks #111 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Desa Deri venayi Ticaret AS has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Desa Deri venayi Ticaret AS's ROC (Joel Greenblatt) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Desa Deri venayi Ticaret AS ranks #111 out of 1069 companies for ROC (Joel Greenblatt) %. This places Desa Deri venayi Ticaret AS in the top 10% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.03. Desa Deri venayi Ticaret AS's value of 28.25% is 212.8% above this benchmark. While the company's 10-year median is 33.33 vs. the industry median of 9.03, Desa Deri venayi Ticaret 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 Manufacturing - Apparel & Accessories company?
The median ROC (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 9.03, based on 1,069 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. Desa Deri venayi Ticaret AS's current ROC (Joel Greenblatt) % of 28.25% is 212.8% 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 Desa Deri venayi Ticaret AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC (Joel Greenblatt) % is 9.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Desa Deri venayi Ticaret AS's current ROC (Joel Greenblatt) % is 28.25%, which is 15% below median its own 10-year median of 33.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Desa Deri venayi Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Desa Deri venayi Ticaret AS (IST:DESA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺12.29, compared to a current price of ₺9.63 — trading 21.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 28.25%, which is 15% below median its 10-year median of 33.33 and 212.8% above the Manufacturing - Apparel & Accessories industry median of 9.03. Desa Deri venayi Ticaret AS's overall GF Score™ is 74/100 with 2 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 Desa Deri venayi Ticaret AS (IST:DESA), the current ROC (Joel Greenblatt) % is 28.25% 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 Desa Deri venayi Ticaret AS (IST:DESA) Overvalued in 2026?
Based on GuruFocus' analysis, Desa Deri venayi Ticaret AS stock appears to be undervalued.
The current stock price of ₺9.63 is trading 21.6% below its estimated GF Value™ of ₺12.29.
GuruFocus considers Desa Deri venayi Ticaret AS to be Modestly Undervalued.
Key valuation signals for IST:DESA:
ROC (Joel Greenblatt) %: 28.25% (15% below median its 10-year median of 33.33)
GF Value™: ₺12.29 vs. price of ₺9.63 (21.6% below fair value)
Industry Position: 212.8% above the Manufacturing - Apparel & Accessories median (#111 of 1069)
No single metric tells the full story. See the IST:DESA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Desa Deri ve Sanayi Ticaret AS designs, manufactures, markets, and sells leather apparel and accessories for men and women. The company's products include leather jackets, wallets, iPad case, and handbags, among others.
74GF Score
Get the complete analysis for IST:DESA
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:DESA has been successfully added to your 
