Emek Elektrik Endustrisi AS (IST:EMKEL) ROC (Joel Greenblatt) %: -1.22% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

IST:EMKEL Emek Elektrik Endustrisi AS IST:EMKEL
45 GF Score
Price ₺20.16
GF Value ₺26.26
Valuation Modestly Undervalued
! 11 Warning Signs
View Full Analysis

What is Emek Elektrik Endustrisi AS ROC (Joel Greenblatt) %?

Emek Elektrik Endustrisi AS IST:EMKEL -3.08% 45 ROC (Joel Greenblatt) % is -1.22% as of Mar. 2026. GuruFocus rates IST:EMKEL with a GF Score™ of 45/100 and a GF Value™ of ₺26.26 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 3,066 Industrial Products companies, Emek Elektrik Endustrisi AS ranks worse than 54.66% 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. Emek Elektrik Endustrisi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.22%.

The historical rank and industry rank for Emek Elektrik Endustrisi AS's ROC (Joel Greenblatt) % or its related term are showing as below:

IST:EMKEL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.96   Med: 2.22   Max: 26.85
Current: 9.6

During the past 13 years, Emek Elektrik Endustrisi AS's highest ROC (Joel Greenblatt) % was 26.85%. The lowest was -25.96%. And the median was 2.22%.

IST:EMKEL's ROC (Joel Greenblatt) % is ranked worse than
54.66% of 3066 companies
in the Industrial Products industry
Industry Median: 11.745 vs IST:EMKEL: 9.60

Emek Elektrik Endustrisi AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Emek Elektrik Endustrisi AS  (IST:EMKEL) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Emek Elektrik Endustrisi AS ROC (Joel Greenblatt) % Related Terms


Emek Elektrik Endustrisi AS ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Emek Elektrik Endustrisi 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.

Emek Elektrik Endustrisi AS ROC (Joel Greenblatt) % Chart

Emek Elektrik Endustrisi AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.66 -6.66 2.04 2.39 0.88

Emek Elektrik Endustrisi AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -58.13 77.15 -19.36 -8.47 -1.22

IST:EMKEL vs VRT, BE, HUBB: ROC (Joel Greenblatt) % Comparison

For the Electrical Equipment & Parts subindustry, Emek Elektrik Endustrisi 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.


Emek Elektrik Endustrisi AS ROC (Joel Greenblatt) % vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Emek Elektrik Endustrisi AS's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Emek Elektrik Endustrisi AS's ROC (Joel Greenblatt) % falls into.


IST:EMKEL
45GF Score
Emek Elektrik Endustrisi AS IST:EMKEL
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emek Elektrik Endustrisi 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(432.915 + 626.92 + 198.518) - (299.123 + 0 + 494.922)
=464.308

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(494.644 + 681.098 + 193.195) - (388.597 + 0 + 536.378)
=443.962

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Emek Elektrik Endustrisi AS for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-15.048/( ( (741.689 + max(464.308, 0)) + (812.449 + max(443.962, 0)) )/ 2 )
=-15.048/( ( 1205.997 + 1256.411 )/ 2 )
=-15.048/1231.204
=-1.22 %

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 -1.22% mean?
Emek Elektrik Endustrisi AS (IST:EMKEL) has a ROC (Joel Greenblatt) % of -1.22% 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 Emek Elektrik Endustrisi AS and its competitors. According to the industry distribution chart, Emek Elektrik Endustrisi AS ranks #1676 out of 3066 companies in the Industrial Products industry, placing it in the top 54.7%.
Is Emek Elektrik Endustrisi AS's ROC (Joel Greenblatt) % too high?
Emek Elektrik Endustrisi AS's current ROC (Joel Greenblatt) % is -1.22%. Based on the distribution chart, Emek Elektrik Endustrisi AS ranks #1676 out of 3066 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Emek Elektrik Endustrisi AS has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emek Elektrik Endustrisi AS's ROC (Joel Greenblatt) % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Emek Elektrik Endustrisi AS ranks #1676 out of 3066 companies for ROC (Joel Greenblatt) %. This places Emek Elektrik Endustrisi AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.75. 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.75, based on 3,066 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 Emek Elektrik Endustrisi AS and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emek Elektrik Endustrisi AS's current ROC (Joel Greenblatt) % is -1.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emek Elektrik Endustrisi AS stock overvalued right now?
Based on GuruFocus' analysis, Emek Elektrik Endustrisi AS (IST:EMKEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺26.26, compared to a current price of ₺20.16 — trading 23.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1.22%. Emek Elektrik Endustrisi AS's overall GF Score™ is 45/100 with 11 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 Emek Elektrik Endustrisi AS (IST:EMKEL), the current ROC (Joel Greenblatt) % is -1.22% 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 Emek Elektrik Endustrisi AS (IST:EMKEL) Overvalued in 2026?

Based on GuruFocus' analysis, Emek Elektrik Endustrisi AS stock appears to be undervalued. The current stock price of ₺20.16 is trading 23.2% below its estimated GF Value™ of ₺26.26. GuruFocus considers Emek Elektrik Endustrisi AS to be Modestly Undervalued.

Key valuation signals for IST:EMKEL:

  • ROC (Joel Greenblatt) %: -1.22%
  • GF Value™: ₺26.26 vs. price of ₺20.16 (23.2% below fair value)
  • GF Score™: 45/100 with 11 warning signs

No single metric tells the full story. See the IST:EMKEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emek Elektrik Endustrisi AS Business Description

Address Balikhisar Mahallesi Koy Ici Kumeevleri No: 574, Akyurt, Ankara, TUR, 06750
Emek Elektrik Endustrisi AS manufactures instrument transformers, disconnectors, and power capacitors. It products include Instrument Transformers, Oil filled current transformers up to 420 kV, Oil filled inductive voltage transformers up to 420 kV, Capacitive voltage transformers up to 420 kV, Indoor and outdoor type epoxy resin current and voltage transformers up to 72.5 kV, Low voltage Al+Zn MPP power capacitors and Disconnecting switches up to 245 kV, centre break, motor or manual operated, with or without earthing switch, up to 2,000 Amps. The company exports its products to more than 90 countries.
45GF Score

Get the complete analysis for IST:EMKEL

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺20.16
Price
₺26.26
GF Value