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. Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 92.06%.
IST:OBASE's ROC (Joel Greenblatt) % is ranked better than 80.89% of 2805
companies
in the Software industry
Industry Median: 19.59
vs IST:OBASE: 163.95
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS (IST:OBASE) 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.
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS ROC (Joel Greenblatt) % Chart
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS Annual Data
IST:OBASE vs UBER, SHOP, CRM: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Obase Bilgisayar ve Danismanlik Hizmetleri 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.
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS ROC (Joel Greenblatt) % vs Software Industry
Obase Bilgisayar ve Danismanlik Hizmetleri 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 92.06% mean?
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS (IST:OBASE) has a ROC (Joel Greenblatt) % of 92.06% 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 Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS and its competitors. This is near median its historical median of 87.89. According to the industry distribution chart, Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS ranks #536 out of 2805 companies in the Software industry, placing it in the top 19.1%.
Is Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's ROC (Joel Greenblatt) % too high?
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's current ROC (Joel Greenblatt) % of 92.06% is near median its 10-year median of 87.89. The Software industry median ROC (Joel Greenblatt) % is 19.59. Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's value of 92.06% is 369.9% above this industry median. Based on the distribution chart, Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS ranks #536 out of 2805 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's ROC (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS ranks #536 out of 2805 companies for ROC (Joel Greenblatt) %. This places Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.59. Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's value of 92.06% is 369.9% above this benchmark. While the company's 10-year median is 87.89 vs. the industry median of 19.59, Obase Bilgisayar ve Danismanlik Hizmetleri 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 19.59, based on 2,805 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. Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's current ROC (Joel Greenblatt) % of 92.06% is 369.9% 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 Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's current ROC (Joel Greenblatt) % is 92.06%, which is near median its own 10-year median of 87.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS (IST:OBASE) is currently considered Fairly Valued. The stock's GF Value™ is ₺38.44, compared to a current price of ₺38.38 — trading 0.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 92.06%, which is near median its 10-year median of 87.89 and 369.9% above the Software industry median of 19.59. Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS's overall GF Score™ is 81/100 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 Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS (IST:OBASE), the current ROC (Joel Greenblatt) % is 92.06% 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 Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS (IST:OBASE) Overvalued in 2026?
Based on GuruFocus' analysis, Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS stock appears to be undervalued.
The current stock price of ₺38.38 is trading 0.2% below its estimated GF Value™ of ₺38.44.
GuruFocus considers Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS to be Fairly Valued.
Key valuation signals for IST:OBASE:
ROC (Joel Greenblatt) %: 92.06% (near median its 10-year median of 87.89)
GF Value™: ₺38.44 vs. price of ₺38.38 (0.2% below fair value)
Industry Position: 369.9% above the Software median (#536 of 2805)
No single metric tells the full story. See the IST:OBASE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS Business Description
Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret AS is a software and consulting company. The company offers analytical solutions to manage inventory and supply chain processes, to get real-time insights, and data-driven management support services. It serves Retail, Telecom, Transportation & Logistics, Finance, Manufacturing, Government, and Pharmaceutical industries.
81GF Score
Get the complete analysis for IST:OBASE
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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