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. Formet Metal Ve Camnayi Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 9.18%.
IST:FORMT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.39 Med: 11.95 Max: 54.63
Current: 10.84
During the past 11 years, Formet Metal Ve Camnayi Anonim Sirketi's highest ROC (Joel Greenblatt) % was 54.63%. The lowest was -6.39%. And the median was 11.95%.
IST:FORMT's ROC (Joel Greenblatt) % is ranked worse than 63.61% of 1775
companies
in the Construction industry
Industry Median: 19.37
vs IST:FORMT: 10.84
Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) 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.
Formet Metal Ve Camnayi Anonim Sirketi ROC (Joel Greenblatt) % Chart
Formet Metal Ve Camnayi Anonim Sirketi Annual Data
IST:FORMT vs TT, JCI, CARR: ROC (Joel Greenblatt) % Comparison
For the Building Products & Equipment subindustry, Formet Metal Ve Camnayi Anonim Sirketi'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.
Formet Metal Ve Camnayi Anonim Sirketi ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Formet Metal Ve Camnayi Anonim Sirketi's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Formet Metal Ve Camnayi Anonim Sirketi's ROC (Joel Greenblatt) % falls into.
Formet Metal Ve Camnayi Anonim Sirketi 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 9.18% mean?
Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) has a ROC (Joel Greenblatt) % of 9.18% 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 Formet Metal Ve Camnayi Anonim Sirketi and its competitors. This is 23% below median its historical median of 11.95. According to the industry distribution chart, Formet Metal Ve Camnayi Anonim Sirketi ranks #1129 out of 1775 companies in the Construction industry, placing it in the top 63.6%.
Is Formet Metal Ve Camnayi Anonim Sirketi's ROC (Joel Greenblatt) % too high?
Formet Metal Ve Camnayi Anonim Sirketi's current ROC (Joel Greenblatt) % of 9.18% is 23% below median its 10-year median of 11.95. The Construction industry median ROC (Joel Greenblatt) % is 19.37. Formet Metal Ve Camnayi Anonim Sirketi's value of 9.18% is 52.6% below this industry median. Based on the distribution chart, Formet Metal Ve Camnayi Anonim Sirketi ranks #1129 out of 1775 companies in the Construction industry, which is below the industry midpoint. Overall, Formet Metal Ve Camnayi Anonim Sirketi has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Formet Metal Ve Camnayi Anonim Sirketi's ROC (Joel Greenblatt) % compare to TT and JCI?
According to the Construction industry distribution chart, Formet Metal Ve Camnayi Anonim Sirketi ranks #1129 out of 1775 companies for ROC (Joel Greenblatt) %. This places Formet Metal Ve Camnayi Anonim Sirketi in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.37. Formet Metal Ve Camnayi Anonim Sirketi's value of 9.18% is 52.6% below this benchmark. While the company's 10-year median is 11.95 vs. the industry median of 19.37, Formet Metal Ve Camnayi Anonim Sirketi 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 19.37, 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. Formet Metal Ve Camnayi Anonim Sirketi's current ROC (Joel Greenblatt) % of 9.18% is 52.6% 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 Formet Metal Ve Camnayi Anonim Sirketi and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formet Metal Ve Camnayi Anonim Sirketi's current ROC (Joel Greenblatt) % is 9.18%, which is 23% below median its own 10-year median of 11.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formet Metal Ve Camnayi Anonim Sirketi stock overvalued right now?
Based on GuruFocus' analysis, Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺2.65, compared to a current price of ₺2.25 — trading 15.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 9.18%, which is 23% below median its 10-year median of 11.95 and 52.6% below the Construction industry median of 19.37. Formet Metal Ve Camnayi Anonim Sirketi's overall GF Score™ is 63/100 with 6 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 Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT), the current ROC (Joel Greenblatt) % is 9.18% 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 Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Overvalued in 2026?
Based on GuruFocus' analysis, Formet Metal Ve Camnayi Anonim Sirketi stock appears to be undervalued.
The current stock price of ₺2.25 is trading 15.1% below its estimated GF Value™ of ₺2.65.
GuruFocus considers Formet Metal Ve Camnayi Anonim Sirketi to be Modestly Undervalued.
Key valuation signals for IST:FORMT:
ROC (Joel Greenblatt) %: 9.18% (23% below median its 10-year median of 11.95)
GF Value™: ₺2.65 vs. price of ₺2.25 (15.1% below fair value)
Industry Position: 52.6% below the Construction median (#1129 of 1775)
No single metric tells the full story. See the IST:FORMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formet Metal Ve Camnayi Anonim Sirketi Business Description
Formet Metal Ve Cam Sanayi Anonim Sirketi manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.
63GF 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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