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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. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 235.65%.
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) 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.
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ROC (Joel Greenblatt) % Chart
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret 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.
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ROC (Joel Greenblatt) % vs Software Industry
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi 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 (Dec. 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 235.65% mean?
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) has a ROC (Joel Greenblatt) % of 235.65% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS and its competitors. This is 12% below median its historical median of 269.21. Over the past decade, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's ROC (Joel Greenblatt) % has ranged from 63.24 to 1,699.68. According to the industry distribution chart, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ranks #638 out of 2817 companies in the Software industry, placing it in the top 22.6%.
Is Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's ROC (Joel Greenblatt) % too high?
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's current ROC (Joel Greenblatt) % of 235.65% is 12% below median its 10-year median of 269.21. Over the past 10 years, this metric has ranged from a low of 63.24 to a high of 1,699.68. The Software industry median ROC (Joel Greenblatt) % is 20.25. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's value of 235.65% is 1063.7% above this industry median. Based on the distribution chart, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ranks #638 out of 2817 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's ROC (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ranks #638 out of 2817 companies for ROC (Joel Greenblatt) %. This places Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.25. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's value of 235.65% is 1063.7% above this benchmark. Historically, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's own ROC (Joel Greenblatt) % has ranged from 63.24 to 1,699.68 over the past decade. While the company's 10-year median is 269.21 vs. the industry median of 20.25, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi 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 Software company?
The median ROC (Joel Greenblatt) % among Software companies is 20.25, based on 2,817 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. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's current ROC (Joel Greenblatt) % of 235.65% is 1063.7% 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 Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 20.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's current ROC (Joel Greenblatt) % is 235.65%, which is 12% below median its own 10-year median of 269.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) is currently considered Possible Value Trap. The stock's GF Value™ is ₺24.34, compared to a current price of ₺5.76 — trading 76.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 235.65%, which is 12% below median its 10-year median of 269.21 and 1063.7% above the Software industry median of 20.25. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's overall GF Score™ is 77/100 with 5 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 Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK), the current ROC (Joel Greenblatt) % is 235.65% as of Dec. 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 Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) Overvalued in 2026?
Based on GuruFocus' analysis, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS stock appears to be undervalued.
The current stock price of ₺5.76 is trading 76.3% below its estimated GF Value™ of ₺24.34.
GuruFocus considers Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS to be Possible Value Trap.
Key valuation signals for IST:LINK:
ROC (Joel Greenblatt) %: 235.65% (12% below median its 10-year median of 269.21)
GF Value™: ₺24.34 vs. price of ₺5.76 (76.3% below fair value)
Industry Position: 1063.7% above the Software median (#638 of 2817)
No single metric tells the full story. See the IST:LINK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Business Description
Link Bilgisayar Systemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS is a software development company. It develops integrated business application software that covers all accounting, production, and commercial operational requirements. Some of its products and solutions include e-Document e-Ledger; Bank Integration; Organized Industry Billing; e-Purchase Invoice Transfer; Mandatory Feed Operations Management and others.
77GF 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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