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. IMAS Makinanayi Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -6.78%.
The historical rank and industry rank for IMAS Makinanayi Anonim Sirketi's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:IMASM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.2 Med: 45.6 Max: 78.47
Current: 6.2
During the past 6 years, IMAS Makinanayi Anonim Sirketi's highest ROC (Joel Greenblatt) % was 78.47%. The lowest was 6.20%. And the median was 45.60%.
IST:IMASM's ROC (Joel Greenblatt) % is ranked worse than 63.73% of 3060
companies
in the Industrial Products industry
Industry Median: 11.7
vs IST:IMASM: 6.20
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.
IST:IMASM vs GEV, ETN, PH: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, IMAS Makinanayi 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.
IMAS Makinanayi Anonim Sirketi ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, IMAS Makinanayi Anonim Sirketi's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IMAS Makinanayi Anonim Sirketi's ROC (Joel Greenblatt) % falls into.
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 (Jun. 2025) 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 -6.78% mean?
IMAS Makinanayi Anonim Sirketi (IST:IMASM) has a ROC (Joel Greenblatt) % of -6.78% as of Jun. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on IMAS Makinanayi Anonim Sirketi and its competitors. Over the past decade, IMAS Makinanayi Anonim Sirketi's ROC (Joel Greenblatt) % has ranged from 6.20 to 78.47. According to the industry distribution chart, IMAS Makinanayi Anonim Sirketi ranks #1950 out of 3060 companies in the Industrial Products industry, placing it in the top 63.7%.
Is IMAS Makinanayi Anonim Sirketi's ROC (Joel Greenblatt) % too high?
IMAS Makinanayi Anonim Sirketi's current ROC (Joel Greenblatt) % is -6.78%. Over the past 10 years, this metric has ranged from a low of 6.20 to a high of 78.47. Based on the distribution chart, IMAS Makinanayi Anonim Sirketi ranks #1950 out of 3060 companies in the Industrial Products industry, which is below the industry midpoint. Overall, IMAS Makinanayi Anonim Sirketi has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IMAS Makinanayi Anonim Sirketi's ROC (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, IMAS Makinanayi Anonim Sirketi ranks #1950 out of 3060 companies for ROC (Joel Greenblatt) %. This places IMAS Makinanayi Anonim Sirketi in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.70. Historically, IMAS Makinanayi Anonim Sirketi's own ROC (Joel Greenblatt) % has ranged from 6.20 to 78.47 over the past decade. 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 11.70, based on 3,060 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 IMAS Makinanayi Anonim Sirketi and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMAS Makinanayi Anonim Sirketi's current ROC (Joel Greenblatt) % is -6.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMAS Makinanayi Anonim Sirketi stock overvalued right now?
Based on GuruFocus' analysis, IMAS Makinanayi Anonim Sirketi (IST:IMASM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺4.82, compared to a current price of ₺3.02 — trading 37.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is -6.78%. IMAS Makinanayi Anonim Sirketi's overall GF Score™ is 81/100 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 IMAS Makinanayi Anonim Sirketi (IST:IMASM), the current ROC (Joel Greenblatt) % is -6.78% as of Jun. 2025. 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 IMAS Makinanayi Anonim Sirketi (IST:IMASM) Overvalued in 2026?
Based on GuruFocus' analysis, IMAS Makinanayi Anonim Sirketi stock appears to be undervalued.
The current stock price of ₺3.02 is trading 37.3% below its estimated GF Value™ of ₺4.82.
GuruFocus considers IMAS Makinanayi Anonim Sirketi to be Significantly Undervalued.
Key valuation signals for IST:IMASM:
ROC (Joel Greenblatt) %: -6.78%
GF Value™: ₺4.82 vs. price of ₺3.02 (37.3% below fair value)
No single metric tells the full story. See the IST:IMASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IMAS Makinanayi Anonim Sirketi Business Description
IMAS Makina Sanayi Anonim Sirketi produces machinery and equipment with high quality and technology. It operates under the brands of Milleral in grain milling, Viteral in feed factories, Cuteral in the band saw industry, Steral in the steel construction industry and ProSupport in after-sales services.
81GF Score
Get the complete analysis for IST:IMASM
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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