Smartiks Yazilim ASIST:SMART -9.95%68 ROC (Joel Greenblatt) % is 6.53% as of Mar. 2026, which is 92% below its 10-year median of 85.89. GuruFocus rates IST:SMART with a GF Score™ of 68/100 and a GF Value™ of ₺19.56 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,807 Software companies, Smartiks Yazilim AS ranks worse than 59.42% on this metric.
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. Smartiks Yazilim AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.53%.
The historical rank and industry rank for Smartiks Yazilim AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:SMART'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -182.56 Med: 85.89 Max: 754.82
Current: 3.61
During the past 10 years, Smartiks Yazilim AS's highest ROC (Joel Greenblatt) % was 754.82%. The lowest was -182.56%. And the median was 85.89%.
IST:SMART's ROC (Joel Greenblatt) % is ranked worse than 59.42% of 2807
companies
in the Software industry
Industry Median: 19.62
vs IST:SMART: 3.61
Smartiks Yazilim AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Smartiks Yazilim AS (IST:SMART) 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.
Smartiks Yazilim AS ROC (Joel Greenblatt) % Related Terms
Smartiks Yazilim AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Smartiks Yazilim 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.
IST:SMART vs MSFT, ORCL, PLTR: ROC (Joel Greenblatt) % Comparison
For the Software - Infrastructure subindustry, Smartiks Yazilim 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.
Smartiks Yazilim AS ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Smartiks Yazilim AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Smartiks Yazilim AS's ROC (Joel Greenblatt) % falls into.
Smartiks Yazilim 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 6.53% mean?
Smartiks Yazilim AS (IST:SMART) has a ROC (Joel Greenblatt) % of 6.53% 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 Smartiks Yazilim AS and its competitors. This is 92% below median its historical median of 85.89. According to the industry distribution chart, Smartiks Yazilim AS ranks #1668 out of 2807 companies in the Software industry, placing it in the top 59.4%.
Is Smartiks Yazilim AS's ROC (Joel Greenblatt) % too high?
Smartiks Yazilim AS's current ROC (Joel Greenblatt) % of 6.53% is 92% below median its 10-year median of 85.89. The Software industry median ROC (Joel Greenblatt) % is 19.62. Smartiks Yazilim AS's value of 6.53% is 66.7% below this industry median. Based on the distribution chart, Smartiks Yazilim AS ranks #1668 out of 2807 companies in the Software industry, which is below the industry midpoint. Overall, Smartiks Yazilim AS has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smartiks Yazilim AS's ROC (Joel Greenblatt) % compare to MSFT and ORCL?
According to the Software industry distribution chart, Smartiks Yazilim AS ranks #1668 out of 2807 companies for ROC (Joel Greenblatt) %. This places Smartiks Yazilim AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.62. Smartiks Yazilim AS's value of 6.53% is 66.7% below this benchmark. While the company's 10-year median is 85.89 vs. the industry median of 19.62, Smartiks Yazilim AS has consistently been below 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 19.62, based on 2,807 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. Smartiks Yazilim AS's current ROC (Joel Greenblatt) % of 6.53% is 66.7% below 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 Smartiks Yazilim AS and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smartiks Yazilim AS's current ROC (Joel Greenblatt) % is 6.53%, which is 92% below median its own 10-year median of 85.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smartiks Yazilim AS stock overvalued right now?
Based on GuruFocus' analysis, Smartiks Yazilim AS (IST:SMART) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺19.56, compared to a current price of ₺30.60 — trading 56.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.53%, which is 92% below median its 10-year median of 85.89 and 66.7% below the Software industry median of 19.62. Smartiks Yazilim AS's overall GF Score™ is 68/100 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 Smartiks Yazilim AS (IST:SMART), the current ROC (Joel Greenblatt) % is 6.53% 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 Smartiks Yazilim AS (IST:SMART) Overvalued in 2026?
Based on GuruFocus' analysis, Smartiks Yazilim AS stock appears to be overvalued.
The current stock price of ₺30.60 is trading 56.4% above its estimated GF Value™ of ₺19.56.
GuruFocus considers Smartiks Yazilim AS to be Significantly Overvalued.
Key valuation signals for IST:SMART:
ROC (Joel Greenblatt) %: 6.53% (92% below median its 10-year median of 85.89)
GF Value™: ₺19.56 vs. price of ₺30.60 (56.4% above fair value)
Industry Position: 66.7% below the Software median (#1668 of 2807)
No single metric tells the full story. See the IST:SMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smartiks Yazilim AS is engaged in providing effective business solutions, software development and consultancy services. The services are offered to health, insurance, banking and finance, retail, telecom and various other sectors. The consultancy services are grouped under Enterprise Software Development/Consultancy and Technology Solutions Consultancy.
68GF Score
Get the complete analysis for IST:SMART
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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