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. Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 236.70%.
IST:INDES's ROC (Joel Greenblatt) % is ranked better than 98.03% of 2487
companies
in the Hardware industry
Industry Median: 10.44
vs IST:INDES: 240.12
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS (IST:INDES) 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.
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS ROC (Joel Greenblatt) % Chart
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS Annual Data
IST:INDES vs SNX, ARW, AVT: ROC (Joel Greenblatt) % Comparison
For the Electronics & Computer Distribution subindustry, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret 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.
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS ROC (Joel Greenblatt) % vs Hardware Industry
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret 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 236.70% mean?
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS (IST:INDES) has a ROC (Joel Greenblatt) % of 236.70% 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 Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS and its competitors. This is 40% below median its historical median of 395.77. Over the past decade, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's ROC (Joel Greenblatt) % has ranged from 55.98 to 2,032.24. According to the industry distribution chart, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS ranks #49 out of 2487 companies in the Hardware industry, placing it in the top 2%.
Is Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's ROC (Joel Greenblatt) % too high?
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's current ROC (Joel Greenblatt) % of 236.70% is 40% below median its 10-year median of 395.77. Over the past 10 years, this metric has ranged from a low of 55.98 to a high of 2,032.24. The Hardware industry median ROC (Joel Greenblatt) % is 10.44. Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's value of 236.70% is 2167.2% above this industry median. Based on the distribution chart, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS ranks #49 out of 2487 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's ROC (Joel Greenblatt) % compare to SNX and ARW?
According to the Hardware industry distribution chart, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS ranks #49 out of 2487 companies for ROC (Joel Greenblatt) %. This places Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS in the top 2% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.44. Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's value of 236.70% is 2167.2% above this benchmark. Historically, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's own ROC (Joel Greenblatt) % has ranged from 55.98 to 2,032.24 over the past decade. While the company's 10-year median is 395.77 vs. the industry median of 10.44, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.44, based on 2,487 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. Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's current ROC (Joel Greenblatt) % of 236.70% is 2167.2% 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 Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's current ROC (Joel Greenblatt) % is 236.70%, which is 40% below median its own 10-year median of 395.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS (IST:INDES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺12.20, compared to a current price of ₺10.80 — trading 11.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 236.70%, which is 40% below median its 10-year median of 395.77 and 2167.2% above the Hardware industry median of 10.44. Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS's overall GF Score™ is 73/100 with 7 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 Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS (IST:INDES), the current ROC (Joel Greenblatt) % is 236.70% 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 Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS (IST:INDES) Overvalued in 2026?
Based on GuruFocus' analysis, Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS stock appears to be undervalued.
The current stock price of ₺10.80 is trading 11.5% below its estimated GF Value™ of ₺12.20.
GuruFocus considers Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS to be Modestly Undervalued.
Key valuation signals for IST:INDES:
ROC (Joel Greenblatt) %: 236.70% (40% below median its 10-year median of 395.77)
GF Value™: ₺12.20 vs. price of ₺10.80 (11.5% below fair value)
Industry Position: 2167.2% above the Hardware median (#49 of 2487)
No single metric tells the full story. See the IST:INDES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indeks Bilgisayar Sistemelri Muhendisliknayi Ve Ticaret AS Business Description
Indeks Bilgisayar Sistemelri Muhendislik Sanayi Ve Ticaret AS is a Turkey-based company involved in distributing various kinds of IT products to IT firms in Turkey. The product offerings of the company include PC, Notebook, Server, Peripherals, Hard disk, Motherboard, VGA Card and Memory Products among others.
73GF Score
Get the complete analysis for IST:INDES
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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