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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. Parsan Makina Parcalarinayii AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -2.35%.
The historical rank and industry rank for Parsan Makina Parcalarinayii AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:PARSN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.77 Med: 4.02 Max: 22.16
Current: -4.84
During the past 13 years, Parsan Makina Parcalarinayii AS's highest ROC (Joel Greenblatt) % was 22.16%. The lowest was -5.77%. And the median was 4.02%.
IST:PARSN's ROC (Joel Greenblatt) % is ranked worse than 85.29% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs IST:PARSN: -4.84
Parsan Makina Parcalarinayii AS (IST:PARSN) 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.
Parsan Makina Parcalarinayii AS ROC (Joel Greenblatt) % Chart
IST:PARSN vs ORLY, AZO, GPC: ROC (Joel Greenblatt) % Comparison
For the Auto Parts subindustry, Parsan Makina Parcalarinayii 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.
Parsan Makina Parcalarinayii AS ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Parsan Makina Parcalarinayii AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Parsan Makina Parcalarinayii AS's ROC (Joel Greenblatt) % falls into.
Parsan Makina Parcalarinayii 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 (Sep. 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 -2.35% mean?
Parsan Makina Parcalarinayii AS (IST:PARSN) has a ROC (Joel Greenblatt) % of -2.35% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Parsan Makina Parcalarinayii AS and its competitors. According to the industry distribution chart, Parsan Makina Parcalarinayii AS ranks #1136 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 85.3%.
Is Parsan Makina Parcalarinayii AS's ROC (Joel Greenblatt) % too high?
Parsan Makina Parcalarinayii AS's current ROC (Joel Greenblatt) % is -2.35%. Based on the distribution chart, Parsan Makina Parcalarinayii AS ranks #1136 out of 1332 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Parsan Makina Parcalarinayii AS has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Parsan Makina Parcalarinayii AS's ROC (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Parsan Makina Parcalarinayii AS ranks #1136 out of 1332 companies for ROC (Joel Greenblatt) %. This places Parsan Makina Parcalarinayii AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.97. 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,332 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 Parsan Makina Parcalarinayii AS and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parsan Makina Parcalarinayii AS's current ROC (Joel Greenblatt) % is -2.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parsan Makina Parcalarinayii AS stock overvalued right now?
Based on GuruFocus' analysis, Parsan Makina Parcalarinayii AS (IST:PARSN) is currently considered Possible Value Trap. The stock's GF Value™ is ₺122.77, compared to a current price of ₺81.45 — trading 33.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is -2.35%. Parsan Makina Parcalarinayii AS's overall GF Score™ is 52/100 with 8 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 Parsan Makina Parcalarinayii AS (IST:PARSN), the current ROC (Joel Greenblatt) % is -2.35% as of Sep. 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 Parsan Makina Parcalarinayii AS (IST:PARSN) Overvalued in 2026?
Based on GuruFocus' analysis, Parsan Makina Parcalarinayii AS stock appears to be undervalued.
The current stock price of ₺81.45 is trading 33.7% below its estimated GF Value™ of ₺122.77.
GuruFocus considers Parsan Makina Parcalarinayii AS to be Possible Value Trap.
Key valuation signals for IST:PARSN:
ROC (Joel Greenblatt) %: -2.35%
GF Value™: ₺122.77 vs. price of ₺81.45 (33.7% below fair value)
No single metric tells the full story. See the IST:PARSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Parsan Makina Parcalarinayii AS Business Description
Parsan Makina Parcalari Sanayii AS is a Turkey-based company involved in the business of forging, heat treatment, special machining and die production. It manufactures Cardan shafts, spider gears, slip shafts, other automotive products, rear axle shafts, front axle beams, and front axle assemblies, and track assemblies.
52GF Score
Get the complete analysis for IST:PARSN
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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