Enka Insaat Venayi ASIST:ENKAI +1.79%85 ROC (Joel Greenblatt) % is 17.96% as of Mar. 2026, which is 69% below its 10-year median of 58.68. GuruFocus rates IST:ENKAI with a GF Score™ of 85/100 and a GF Value™ of ₺102.83 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,775 Construction companies, Enka Insaat Venayi AS ranks better than 78.99% 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. Enka Insaat Venayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.96%.
The historical rank and industry rank for Enka Insaat Venayi AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:ENKAI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.83 Med: 58.68 Max: 75.85
Current: 56
During the past 13 years, Enka Insaat Venayi AS's highest ROC (Joel Greenblatt) % was 75.85%. The lowest was 26.83%. And the median was 58.68%.
IST:ENKAI's ROC (Joel Greenblatt) % is ranked better than 78.99% of 1775
companies
in the Construction industry
Industry Median: 19.38
vs IST:ENKAI: 56.00
Enka Insaat Venayi AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.90% per year.
Enka Insaat Venayi AS (IST:ENKAI) 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.
Enka Insaat Venayi AS ROC (Joel Greenblatt) % Related Terms
Enka Insaat Venayi AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Enka Insaat Venayi 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.
Enka Insaat Venayi AS ROC (Joel Greenblatt) % Chart
IST:ENKAI vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Enka Insaat Venayi 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.
Enka Insaat Venayi AS ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Enka Insaat Venayi AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Enka Insaat Venayi AS's ROC (Joel Greenblatt) % falls into.
Enka Insaat Venayi 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 17.96% mean?
Enka Insaat Venayi AS (IST:ENKAI) has a ROC (Joel Greenblatt) % of 17.96% 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 Enka Insaat Venayi AS and its competitors. This is 69% below median its historical median of 58.68. Over the past decade, Enka Insaat Venayi AS's ROC (Joel Greenblatt) % has ranged from 26.83 to 75.85. According to the industry distribution chart, Enka Insaat Venayi AS ranks #373 out of 1775 companies in the Construction industry, placing it in the top 21%.
Is Enka Insaat Venayi AS's ROC (Joel Greenblatt) % too high?
Enka Insaat Venayi AS's current ROC (Joel Greenblatt) % of 17.96% is 69% below median its 10-year median of 58.68. Over the past 10 years, this metric has ranged from a low of 26.83 to a high of 75.85. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Enka Insaat Venayi AS's value of 17.96% is 7.3% below this industry median. Based on the distribution chart, Enka Insaat Venayi AS ranks #373 out of 1775 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Enka Insaat Venayi AS has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Enka Insaat Venayi AS's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Enka Insaat Venayi AS ranks #373 out of 1775 companies for ROC (Joel Greenblatt) %. This places Enka Insaat Venayi AS in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.38. Enka Insaat Venayi AS's value of 17.96% is 7.3% below this benchmark. Historically, Enka Insaat Venayi AS's own ROC (Joel Greenblatt) % has ranged from 26.83 to 75.85 over the past decade. While the company's 10-year median is 58.68 vs. the industry median of 19.38, Enka Insaat Venayi AS has consistently been below 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,775 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. Enka Insaat Venayi AS's current ROC (Joel Greenblatt) % of 17.96% is 7.3% below 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 Enka Insaat Venayi AS and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enka Insaat Venayi AS's current ROC (Joel Greenblatt) % is 17.96%, which is 69% below median its own 10-year median of 58.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enka Insaat Venayi AS stock overvalued right now?
Based on GuruFocus' analysis, Enka Insaat Venayi AS (IST:ENKAI) is currently considered Fairly Valued. The stock's GF Value™ is ₺102.83, compared to a current price of ₺93.70 — trading 8.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 17.96%, which is 69% below median its 10-year median of 58.68 and 7.3% below the Construction industry median of 19.38. Enka Insaat Venayi AS's overall GF Score™ is 85/100 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 Enka Insaat Venayi AS (IST:ENKAI), the current ROC (Joel Greenblatt) % is 17.96% 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 Enka Insaat Venayi AS (IST:ENKAI) Overvalued in 2026?
Based on GuruFocus' analysis, Enka Insaat Venayi AS stock appears to be undervalued.
The current stock price of ₺93.70 is trading 8.9% below its estimated GF Value™ of ₺102.83.
GuruFocus considers Enka Insaat Venayi AS to be Fairly Valued.
Key valuation signals for IST:ENKAI:
ROC (Joel Greenblatt) %: 17.96% (69% below median its 10-year median of 58.68)
GF Value™: ₺102.83 vs. price of ₺93.70 (8.9% below fair value)
Industry Position: 7.3% below the Construction median (#373 of 1775)
No single metric tells the full story. See the IST:ENKAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enka Insaat Ve Sanayi AS provides a full range of design, engineering, construction, and project management services in various sectors. It creates power plants, production facilities, transportation systems, and other construction projects. If needed, the company will engineer and fabricate structures for installation and modularization. Enka Insaat Ve Sanayi has four operating segments: construction contracts; rental, trade and manufacturing; and energy (the majority of total revenue). Additional revenue is generated from aftermarket support and services, and the company utilizes a mix of traditional engineering disciplines to produce results. The company derives the majority of its revenue from Turkey, but the company does operate in various European nations.
85GF 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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