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. Nigbas Nigde Betonnayi ve Ticarte AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -38.38%.
The historical rank and industry rank for Nigbas Nigde Betonnayi ve Ticarte AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:NIBAS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -367.34 Med: -9.91 Max: 139.68
Current: -367.34
During the past 13 years, Nigbas Nigde Betonnayi ve Ticarte AS's highest ROC (Joel Greenblatt) % was 139.68%. The lowest was -367.34%. And the median was -9.91%.
IST:NIBAS's ROC (Joel Greenblatt) % is ranked worse than 97.01% of 1775
companies
in the Construction industry
Industry Median: 19.37
vs IST:NIBAS: -367.34
Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) 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.
Nigbas Nigde Betonnayi ve Ticarte AS ROC (Joel Greenblatt) % Chart
IST:NIBAS vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Nigbas Nigde Betonnayi ve Ticarte 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.
Nigbas Nigde Betonnayi ve Ticarte AS ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Nigbas Nigde Betonnayi ve Ticarte AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nigbas Nigde Betonnayi ve Ticarte AS's ROC (Joel Greenblatt) % falls into.
Nigbas Nigde Betonnayi ve Ticarte 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 -38.38% mean?
Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) has a ROC (Joel Greenblatt) % of -38.38% 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 Nigbas Nigde Betonnayi ve Ticarte AS and its competitors. According to the industry distribution chart, Nigbas Nigde Betonnayi ve Ticarte AS ranks #1722 out of 1775 companies in the Construction industry, placing it in the top 97%.
Is Nigbas Nigde Betonnayi ve Ticarte AS's ROC (Joel Greenblatt) % too high?
Nigbas Nigde Betonnayi ve Ticarte AS's current ROC (Joel Greenblatt) % is -38.38%. Based on the distribution chart, Nigbas Nigde Betonnayi ve Ticarte AS ranks #1722 out of 1775 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Nigbas Nigde Betonnayi ve Ticarte AS has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nigbas Nigde Betonnayi ve Ticarte AS's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Nigbas Nigde Betonnayi ve Ticarte AS ranks #1722 out of 1775 companies for ROC (Joel Greenblatt) %. This places Nigbas Nigde Betonnayi ve Ticarte AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.37. 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.37, based on 1,775 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 Nigbas Nigde Betonnayi ve Ticarte AS and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nigbas Nigde Betonnayi ve Ticarte AS's current ROC (Joel Greenblatt) % is -38.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nigbas Nigde Betonnayi ve Ticarte AS stock overvalued right now?
Based on GuruFocus' analysis, Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) is currently considered Fairly Valued. The stock's GF Value™ is ₺4.27, compared to a current price of ₺4.31 — trading 0.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is -38.38%. Nigbas Nigde Betonnayi ve Ticarte AS's overall GF Score™ is 49/100 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 Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS), the current ROC (Joel Greenblatt) % is -38.38% 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 Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) Overvalued in 2026?
Based on GuruFocus' analysis, Nigbas Nigde Betonnayi ve Ticarte AS stock appears to be overvalued.
The current stock price of ₺4.31 is trading 0.9% above its estimated GF Value™ of ₺4.27.
GuruFocus considers Nigbas Nigde Betonnayi ve Ticarte AS to be Fairly Valued.
Key valuation signals for IST:NIBAS:
ROC (Joel Greenblatt) %: -38.38%
GF Value™: ₺4.27 vs. price of ₺4.31 (0.9% above fair value)
No single metric tells the full story. See the IST:NIBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nigbas Nigde Betonnayi ve Ticarte AS Business Description
Nigbas Nigde Beton Sanayi ve Ticarte AS is an engineering company. It offers products including prestressed beams for bridges, poles, and paving stones.
49GF Score
Get the complete analysis for IST:NIBAS
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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