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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. Despec Bilgisayar Pazarlama ve Ticaret's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 178.03%.
IST:DESPC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.86 Med: 38.33 Max: 598.91
Current: 598.91
During the past 13 years, Despec Bilgisayar Pazarlama ve Ticaret's highest ROC (Joel Greenblatt) % was 598.91%. The lowest was 26.86%. And the median was 38.33%.
IST:DESPC's ROC (Joel Greenblatt) % is ranked better than 99.12% of 2492
companies
in the Hardware industry
Industry Median: 10.445
vs IST:DESPC: 598.91
Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) 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.
Despec Bilgisayar Pazarlama ve Ticaret ROC (Joel Greenblatt) % Chart
Despec Bilgisayar Pazarlama ve Ticaret Annual Data
IST:DESPC vs SNX, ARW, AVT: ROC (Joel Greenblatt) % Comparison
For the Electronics & Computer Distribution subindustry, Despec Bilgisayar Pazarlama ve Ticaret'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.
Despec Bilgisayar Pazarlama ve Ticaret ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Despec Bilgisayar Pazarlama ve Ticaret's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Despec Bilgisayar Pazarlama ve Ticaret's ROC (Joel Greenblatt) % falls into.
Despec Bilgisayar Pazarlama ve Ticaret 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 178.03% mean?
Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) has a ROC (Joel Greenblatt) % of 178.03% 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 Despec Bilgisayar Pazarlama ve Ticaret and its competitors. This is 364% above median its historical median of 38.33. Over the past decade, Despec Bilgisayar Pazarlama ve Ticaret's ROC (Joel Greenblatt) % has ranged from 26.86 to 598.91. According to the industry distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #22 out of 2492 companies in the Hardware industry, placing it in the top 0.90000000000001%.
Is Despec Bilgisayar Pazarlama ve Ticaret's ROC (Joel Greenblatt) % too high?
Despec Bilgisayar Pazarlama ve Ticaret's current ROC (Joel Greenblatt) % of 178.03% is 364% above median its 10-year median of 38.33. Over the past 10 years, this metric has ranged from a low of 26.86 to a high of 598.91. The Hardware industry median ROC (Joel Greenblatt) % is 10.45. Despec Bilgisayar Pazarlama ve Ticaret's value of 178.03% is 1604.5% above this industry median. Based on the distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #22 out of 2492 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Despec Bilgisayar Pazarlama ve Ticaret has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Despec Bilgisayar Pazarlama ve Ticaret's ROC (Joel Greenblatt) % compare to SNX and ARW?
According to the Hardware industry distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #22 out of 2492 companies for ROC (Joel Greenblatt) %. This places Despec Bilgisayar Pazarlama ve Ticaret in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.45. Despec Bilgisayar Pazarlama ve Ticaret's value of 178.03% is 1604.5% above this benchmark. Historically, Despec Bilgisayar Pazarlama ve Ticaret's own ROC (Joel Greenblatt) % has ranged from 26.86 to 598.91 over the past decade. While the company's 10-year median is 38.33 vs. the industry median of 10.45, Despec Bilgisayar Pazarlama ve Ticaret 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.45, based on 2,492 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. Despec Bilgisayar Pazarlama ve Ticaret's current ROC (Joel Greenblatt) % of 178.03% is 1604.5% 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 Despec Bilgisayar Pazarlama ve Ticaret and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Despec Bilgisayar Pazarlama ve Ticaret's current ROC (Joel Greenblatt) % is 178.03%, which is 364% above median its own 10-year median of 38.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Despec Bilgisayar Pazarlama ve Ticaret stock overvalued right now?
Based on GuruFocus' analysis, Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺68.62, compared to a current price of ₺49.70 — trading 27.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 178.03%, which is 364% above median its 10-year median of 38.33 and 1604.5% above the Hardware industry median of 10.45. Despec Bilgisayar Pazarlama ve Ticaret's overall GF Score™ is 67/100 with 4 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 Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC), the current ROC (Joel Greenblatt) % is 178.03% 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 Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) Overvalued in 2026?
Based on GuruFocus' analysis, Despec Bilgisayar Pazarlama ve Ticaret stock appears to be undervalued.
The current stock price of ₺49.70 is trading 27.6% below its estimated GF Value™ of ₺68.62.
GuruFocus considers Despec Bilgisayar Pazarlama ve Ticaret to be Modestly Undervalued.
Key valuation signals for IST:DESPC:
ROC (Joel Greenblatt) %: 178.03% (364% above median its 10-year median of 38.33)
GF Value™: ₺68.62 vs. price of ₺49.70 (27.6% below fair value)
Industry Position: 1604.5% above the Hardware median (#22 of 2492)
No single metric tells the full story. See the IST:DESPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Despec Bilgisayar Pazarlama ve Ticaret Business Description
Despec Bilgisayar Pazarlama ve Ticaret offers distribution services for almost all kinds of information technology consumption products to computer companies and office supply stores countrywide in Turkey through its well-organized distribution network. It offers products such as toner, ink cartridge, printer tape, backup products, paper products, accessories, and others. A part of the group's sales consists of HP products (especially printer toners and cartridges). Other products distributed by the company are of brands of Canon, Samsung, Steelseries, Epson, Oki, Xerox, IBM, Emtec, Lexmark, Trust, Targus, Jabra, Toshiba, and Apple. Geographically, all the activities are functioned through the region of Turkey.
67GF Score
Get the complete analysis for IST:DESPC
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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