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Fonet Bilgi Teknolojileri ASIST:FONET +0.38%96 ROC (Joel Greenblatt) % is 126.34% as of Mar. 2026, which is 46% below its 10-year median of 236.02. GuruFocus rates IST:FONET with a GF Score™ of 96/100 and a GF Value™ of ₺4.13 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 665 Healthcare Providers & Services companies, Fonet Bilgi Teknolojileri AS ranks better than 93.68% 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. Fonet Bilgi Teknolojileri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 126.34%.
The historical rank and industry rank for Fonet Bilgi Teknolojileri AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:FONET'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 56.06 Med: 236.02 Max: 380.34
Current: 226.98
During the past 12 years, Fonet Bilgi Teknolojileri AS's highest ROC (Joel Greenblatt) % was 380.34%. The lowest was 56.06%. And the median was 236.02%.
IST:FONET's ROC (Joel Greenblatt) % is ranked better than 93.68% of 665
companies
in the Healthcare Providers & Services industry
Industry Median: 12.49
vs IST:FONET: 226.98
Fonet Bilgi Teknolojileri AS (IST:FONET) 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.
Fonet Bilgi Teknolojileri AS ROC (Joel Greenblatt) % Chart
IST:FONET vs VEEV, BTSG, TEM: ROC (Joel Greenblatt) % Comparison
For the Health Information Services subindustry, Fonet Bilgi Teknolojileri 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.
Fonet Bilgi Teknolojileri AS ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Fonet Bilgi Teknolojileri AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fonet Bilgi Teknolojileri AS's ROC (Joel Greenblatt) % falls into.
Fonet Bilgi Teknolojileri 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 126.34% mean?
Fonet Bilgi Teknolojileri AS (IST:FONET) has a ROC (Joel Greenblatt) % of 126.34% 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 Fonet Bilgi Teknolojileri AS and its competitors. This is 46% below median its historical median of 236.02. Over the past decade, Fonet Bilgi Teknolojileri AS's ROC (Joel Greenblatt) % has ranged from 56.06 to 380.34. According to the industry distribution chart, Fonet Bilgi Teknolojileri AS ranks #42 out of 665 companies in the Healthcare Providers & Services industry, placing it in the top 6.3%.
Is Fonet Bilgi Teknolojileri AS's ROC (Joel Greenblatt) % too high?
Fonet Bilgi Teknolojileri AS's current ROC (Joel Greenblatt) % of 126.34% is 46% below median its 10-year median of 236.02. Over the past 10 years, this metric has ranged from a low of 56.06 to a high of 380.34. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.49. Fonet Bilgi Teknolojileri AS's value of 126.34% is 911.5% above this industry median. Based on the distribution chart, Fonet Bilgi Teknolojileri AS ranks #42 out of 665 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fonet Bilgi Teknolojileri AS has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fonet Bilgi Teknolojileri AS's ROC (Joel Greenblatt) % compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Fonet Bilgi Teknolojileri AS ranks #42 out of 665 companies for ROC (Joel Greenblatt) %. This places Fonet Bilgi Teknolojileri AS in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.49. Fonet Bilgi Teknolojileri AS's value of 126.34% is 911.5% above this benchmark. Historically, Fonet Bilgi Teknolojileri AS's own ROC (Joel Greenblatt) % has ranged from 56.06 to 380.34 over the past decade. While the company's 10-year median is 236.02 vs. the industry median of 12.49, Fonet Bilgi Teknolojileri 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.49, based on 665 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. Fonet Bilgi Teknolojileri AS's current ROC (Joel Greenblatt) % of 126.34% is 911.5% 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 Fonet Bilgi Teknolojileri AS and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fonet Bilgi Teknolojileri AS's current ROC (Joel Greenblatt) % is 126.34%, which is 46% below median its own 10-year median of 236.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fonet Bilgi Teknolojileri AS stock overvalued right now?
Based on GuruFocus' analysis, Fonet Bilgi Teknolojileri AS (IST:FONET) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺4.13, compared to a current price of ₺5.35 — trading 29.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 126.34%, which is 46% below median its 10-year median of 236.02 and 911.5% above the Healthcare Providers & Services industry median of 12.49. Fonet Bilgi Teknolojileri AS's overall GF Score™ is 96/100 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 Fonet Bilgi Teknolojileri AS (IST:FONET), the current ROC (Joel Greenblatt) % is 126.34% 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 Fonet Bilgi Teknolojileri AS (IST:FONET) Overvalued in 2026?
Based on GuruFocus' analysis, Fonet Bilgi Teknolojileri AS stock appears to be overvalued.
The current stock price of ₺5.35 is trading 29.5% above its estimated GF Value™ of ₺4.13.
GuruFocus considers Fonet Bilgi Teknolojileri AS to be Modestly Overvalued.
Key valuation signals for IST:FONET:
ROC (Joel Greenblatt) %: 126.34% (46% below median its 10-year median of 236.02)
GF Value™: ₺4.13 vs. price of ₺5.35 (29.5% above fair value)
Industry Position: 911.5% above the Healthcare Providers & Services median (#42 of 665)
No single metric tells the full story. See the IST:FONET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fonet Bilgi Teknolojileri AS is engaged in providing software for the health care sector. It offers Hospital Information Management Systems, Laboratory Information Systems, software for archiving the medical images, and appointments.
96GF Score
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