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. Marmaris Altinyunus Turistik Tesisler AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -2.64%.
IST:MAALT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -44.76 Med: 13.63 Max: 142.33
Current: -0.25
During the past 13 years, Marmaris Altinyunus Turistik Tesisler AS's highest ROC (Joel Greenblatt) % was 142.33%. The lowest was -44.76%. And the median was 13.63%.
IST:MAALT's ROC (Joel Greenblatt) % is ranked worse than 74.02% of 843
companies
in the Travel & Leisure industry
Industry Median: 10.04
vs IST:MAALT: -0.25
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.
Marmaris Altinyunus Turistik Tesisler AS ROC (Joel Greenblatt) % Chart
Marmaris Altinyunus Turistik Tesisler AS Annual Data
IST:MAALT vs MAR, HLT, H: ROC (Joel Greenblatt) % Comparison
For the Lodging subindustry, Marmaris Altinyunus Turistik Tesisler 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.
Marmaris Altinyunus Turistik Tesisler AS ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Marmaris Altinyunus Turistik Tesisler AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marmaris Altinyunus Turistik Tesisler AS's ROC (Joel Greenblatt) % falls into.
Marmaris Altinyunus Turistik Tesisler 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 -2.64% mean?
Marmaris Altinyunus Turistik Tesisler AS (IST:MAALT) has a ROC (Joel Greenblatt) % of -2.64% 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 Marmaris Altinyunus Turistik Tesisler AS and its competitors. According to the industry distribution chart, Marmaris Altinyunus Turistik Tesisler AS ranks #624 out of 843 companies in the Travel & Leisure industry, placing it in the top 74%.
Is Marmaris Altinyunus Turistik Tesisler AS's ROC (Joel Greenblatt) % too high?
Marmaris Altinyunus Turistik Tesisler AS's current ROC (Joel Greenblatt) % is -2.64%. Based on the distribution chart, Marmaris Altinyunus Turistik Tesisler AS ranks #624 out of 843 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Marmaris Altinyunus Turistik Tesisler AS has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marmaris Altinyunus Turistik Tesisler AS's ROC (Joel Greenblatt) % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Marmaris Altinyunus Turistik Tesisler AS ranks #624 out of 843 companies for ROC (Joel Greenblatt) %. This places Marmaris Altinyunus Turistik Tesisler AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.04. 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.04, based on 843 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 Marmaris Altinyunus Turistik Tesisler AS and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marmaris Altinyunus Turistik Tesisler AS's current ROC (Joel Greenblatt) % is -2.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marmaris Altinyunus Turistik Tesisler AS stock overvalued right now?
Based on GuruFocus' analysis, Marmaris Altinyunus Turistik Tesisler AS (IST:MAALT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺1,241.22, compared to a current price of ₺1,112.00 — trading 10.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is -2.64%. Marmaris Altinyunus Turistik Tesisler AS's overall GF Score™ is 64/100 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 Marmaris Altinyunus Turistik Tesisler AS (IST:MAALT), the current ROC (Joel Greenblatt) % is -2.64% 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 Marmaris Altinyunus Turistik Tesisler AS (IST:MAALT) Overvalued in 2026?
Based on GuruFocus' analysis, Marmaris Altinyunus Turistik Tesisler AS stock appears to be undervalued.
The current stock price of ₺1,112.00 is trading 10.4% below its estimated GF Value™ of ₺1,241.22.
GuruFocus considers Marmaris Altinyunus Turistik Tesisler AS to be Modestly Undervalued.
Key valuation signals for IST:MAALT:
ROC (Joel Greenblatt) %: -2.64%
GF Value™: ₺1,241.22 vs. price of ₺1,112.00 (10.4% below fair value)
No single metric tells the full story. See the IST:MAALT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marmaris Altinyunus Turistik Tesisler AS Business Description
Marmaris Altinyunus Turistik Tesisler AS operates in the tourism sector. The company owns and operates hotels and resorts and is based in Marmaris, Turkey.
64GF Score
Get the complete analysis for IST:MAALT
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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