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. Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 55.46%.
IST:FMIZP's ROC (Joel Greenblatt) % is ranked better than 91.54% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 11.99
vs IST:FMIZP: 45.11
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS (IST:FMIZP) 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.
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS ROC (Joel Greenblatt) % Chart
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS Annual Data
* 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.
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri 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 55.46% mean?
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS (IST:FMIZP) has a ROC (Joel Greenblatt) % of 55.46% 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 Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS and its competitors. This is 42% below median its historical median of 95.73. Over the past decade, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's ROC (Joel Greenblatt) % has ranged from 15.61 to 229.09. According to the industry distribution chart, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS ranks #113 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 8.5%.
Is Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's ROC (Joel Greenblatt) % too high?
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's current ROC (Joel Greenblatt) % of 55.46% is 42% below median its 10-year median of 95.73. Over the past 10 years, this metric has ranged from a low of 15.61 to a high of 229.09. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.99. Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's value of 55.46% is 362.6% above this industry median. Based on the distribution chart, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS ranks #113 out of 1336 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS ranks #113 out of 1336 companies for ROC (Joel Greenblatt) %. This places Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's value of 55.46% is 362.6% above this benchmark. Historically, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's own ROC (Joel Greenblatt) % has ranged from 15.61 to 229.09 over the past decade. While the company's 10-year median is 95.73 vs. the industry median of 11.99, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.99, based on 1,336 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. Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's current ROC (Joel Greenblatt) % of 55.46% is 362.6% 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 Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's current ROC (Joel Greenblatt) % is 55.46%, which is 42% below median its own 10-year median of 95.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS stock overvalued right now?
Based on GuruFocus' analysis, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS (IST:FMIZP) is currently considered Fairly Valued. The stock's GF Value™ is ₺343.34, compared to a current price of ₺319.75 — trading 6.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 55.46%, which is 42% below median its 10-year median of 95.73 and 362.6% above the Vehicles & Parts industry median of 11.99. Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS's overall GF Score™ is 82/100 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 Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS (IST:FMIZP), the current ROC (Joel Greenblatt) % is 55.46% 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 Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS (IST:FMIZP) Overvalued in 2026?
Based on GuruFocus' analysis, Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS stock appears to be undervalued.
The current stock price of ₺319.75 is trading 6.9% below its estimated GF Value™ of ₺343.34.
GuruFocus considers Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS to be Fairly Valued.
Key valuation signals for IST:FMIZP:
ROC (Joel Greenblatt) %: 55.46% (42% below median its 10-year median of 95.73)
GF Value™: ₺343.34 vs. price of ₺319.75 (6.9% below fair value)
Industry Position: 362.6% above the Vehicles & Parts median (#113 of 1336)
No single metric tells the full story. See the IST:FMIZP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS Business Description
Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri AS is engaged in manufacturing and selling of automotive spare parts. The company's products include pistons, cylinder liners, rings, bearings, gaskets, spark plugs, and suspension parts.
82GF 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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