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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. Marti Otel Isletmeleri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.02%.
The historical rank and industry rank for Marti Otel Isletmeleri AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:MARTI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.26 Med: 1.04 Max: 11.27
Current: 2.59
During the past 13 years, Marti Otel Isletmeleri AS's highest ROC (Joel Greenblatt) % was 11.27%. The lowest was -7.26%. And the median was 1.04%.
IST:MARTI's ROC (Joel Greenblatt) % is ranked worse than 68.83% of 847
companies
in the Travel & Leisure industry
Industry Median: 9.91
vs IST:MARTI: 2.59
Marti Otel Isletmeleri AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Marti Otel Isletmeleri AS (IST:MARTI) 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.
Marti Otel Isletmeleri AS ROC (Joel Greenblatt) % Related Terms
Marti Otel Isletmeleri AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Marti Otel Isletmeleri AS's ROC (Joel Greenblatt) % can be seen below:
* 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.
Marti Otel Isletmeleri AS ROC (Joel Greenblatt) % Chart
IST:MARTI vs MAR, HLT, H: ROC (Joel Greenblatt) % Comparison
For the Lodging subindustry, Marti Otel Isletmeleri 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.
Marti Otel Isletmeleri AS ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Marti Otel Isletmeleri AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Marti Otel Isletmeleri AS's ROC (Joel Greenblatt) % falls into.
Marti Otel Isletmeleri 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 two times the semi-annual (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 -1.02% mean?
Marti Otel Isletmeleri AS (IST:MARTI) has a ROC (Joel Greenblatt) % of -1.02% 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 Marti Otel Isletmeleri AS and its competitors. According to the industry distribution chart, Marti Otel Isletmeleri AS ranks #583 out of 847 companies in the Travel & Leisure industry, placing it in the top 68.8%.
Is Marti Otel Isletmeleri AS's ROC (Joel Greenblatt) % too high?
Marti Otel Isletmeleri AS's current ROC (Joel Greenblatt) % is -1.02%. Based on the distribution chart, Marti Otel Isletmeleri AS ranks #583 out of 847 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Marti Otel Isletmeleri AS has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Marti Otel Isletmeleri AS's ROC (Joel Greenblatt) % compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Marti Otel Isletmeleri AS ranks #583 out of 847 companies for ROC (Joel Greenblatt) %. This places Marti Otel Isletmeleri AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.91. 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 9.91, based on 847 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 Marti Otel Isletmeleri AS and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 9.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marti Otel Isletmeleri AS's current ROC (Joel Greenblatt) % is -1.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marti Otel Isletmeleri AS stock overvalued right now?
Based on GuruFocus' analysis, Marti Otel Isletmeleri AS (IST:MARTI) is currently considered Possible Value Trap. The stock's GF Value™ is ₺3.90, compared to a current price of ₺1.64 — trading 57.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is -1.02%. Marti Otel Isletmeleri AS's overall GF Score™ is 28/100 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 Marti Otel Isletmeleri AS (IST:MARTI), the current ROC (Joel Greenblatt) % is -1.02% 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 Marti Otel Isletmeleri AS (IST:MARTI) Overvalued in 2026?
Based on GuruFocus' analysis, Marti Otel Isletmeleri AS stock appears to be undervalued.
The current stock price of ₺1.64 is trading 57.9% below its estimated GF Value™ of ₺3.90.
GuruFocus considers Marti Otel Isletmeleri AS to be Possible Value Trap.
Key valuation signals for IST:MARTI:
ROC (Joel Greenblatt) %: -1.02%
GF Value™: ₺3.90 vs. price of ₺1.64 (57.9% below fair value)
No single metric tells the full story. See the IST:MARTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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