TGS Dis Ticaret ASIST:TGSAS +3.78%80 ROC (Joel Greenblatt) % is 3.53% as of Mar. 2026, which is 97% below its 10-year median of 102.58. GuruFocus rates IST:TGSAS with a GF Score™ of 80/100 and a GF Value™ of ₺80.89 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 156 Industrial Distribution companies, TGS Dis Ticaret AS ranks better than 97.44% 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. TGS Dis Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.53%.
The historical rank and industry rank for TGS Dis Ticaret AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:TGSAS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 21.09 Med: 102.58 Max: 404.73
Current: 113.95
During the past 13 years, TGS Dis Ticaret AS's highest ROC (Joel Greenblatt) % was 404.73%. The lowest was 21.09%. And the median was 102.58%.
IST:TGSAS's ROC (Joel Greenblatt) % is ranked better than 97.44% of 156
companies
in the Industrial Distribution industry
Industry Median: 14.98
vs IST:TGSAS: 113.95
TGS Dis Ticaret AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 30.60% per year.
TGS Dis Ticaret AS (IST:TGSAS) 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.
TGS Dis Ticaret AS ROC (Joel Greenblatt) % Related Terms
TGS Dis Ticaret AS ROC (Joel Greenblatt) % Historical Data
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The historical data trend for TGS Dis Ticaret 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:TGSAS vs GWW, FAST, FERG: ROC (Joel Greenblatt) % Comparison
For the Industrial Distribution subindustry, TGS Dis 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.
TGS Dis Ticaret AS ROC (Joel Greenblatt) % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, TGS Dis Ticaret AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TGS Dis Ticaret AS's ROC (Joel Greenblatt) % falls into.
TGS Dis 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 3.53% mean?
TGS Dis Ticaret AS (IST:TGSAS) has a ROC (Joel Greenblatt) % of 3.53% 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 TGS Dis Ticaret AS and its competitors. This is 97% below median its historical median of 102.58. Over the past decade, TGS Dis Ticaret AS's ROC (Joel Greenblatt) % has ranged from 21.09 to 404.73. According to the industry distribution chart, TGS Dis Ticaret AS ranks #4 out of 156 companies in the Industrial Distribution industry, placing it in the top 2.6%.
Is TGS Dis Ticaret AS's ROC (Joel Greenblatt) % too high?
TGS Dis Ticaret AS's current ROC (Joel Greenblatt) % of 3.53% is 97% below median its 10-year median of 102.58. Over the past 10 years, this metric has ranged from a low of 21.09 to a high of 404.73. The Industrial Distribution industry median ROC (Joel Greenblatt) % is 14.98. TGS Dis Ticaret AS's value of 3.53% is 76.4% below this industry median. Based on the distribution chart, TGS Dis Ticaret AS ranks #4 out of 156 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, TGS Dis Ticaret AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TGS Dis Ticaret AS's ROC (Joel Greenblatt) % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, TGS Dis Ticaret AS ranks #4 out of 156 companies for ROC (Joel Greenblatt) %. This places TGS Dis Ticaret AS in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 14.98. TGS Dis Ticaret AS's value of 3.53% is 76.4% below this benchmark. Historically, TGS Dis Ticaret AS's own ROC (Joel Greenblatt) % has ranged from 21.09 to 404.73 over the past decade. While the company's 10-year median is 102.58 vs. the industry median of 14.98, TGS Dis Ticaret 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 an Industrial Distribution company?
The median ROC (Joel Greenblatt) % among Industrial Distribution companies is 14.98, based on 156 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. TGS Dis Ticaret AS's current ROC (Joel Greenblatt) % of 3.53% is 76.4% 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 TGS Dis Ticaret AS and its competitors. For the Industrial Distribution industry, the median ROC (Joel Greenblatt) % is 14.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGS Dis Ticaret AS's current ROC (Joel Greenblatt) % is 3.53%, which is 97% below median its own 10-year median of 102.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGS Dis Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, TGS Dis Ticaret AS (IST:TGSAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺80.89, compared to a current price of ₺183.90 — trading 127.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3.53%, which is 97% below median its 10-year median of 102.58 and 76.4% below the Industrial Distribution industry median of 14.98. TGS Dis Ticaret AS's overall GF Score™ is 80/100 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 TGS Dis Ticaret AS (IST:TGSAS), the current ROC (Joel Greenblatt) % is 3.53% 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 TGS Dis Ticaret AS (IST:TGSAS) Overvalued in 2026?
Based on GuruFocus' analysis, TGS Dis Ticaret AS stock appears to be overvalued.
The current stock price of ₺183.90 is trading 127.3% above its estimated GF Value™ of ₺80.89.
GuruFocus considers TGS Dis Ticaret AS to be Significantly Overvalued.
Key valuation signals for IST:TGSAS:
ROC (Joel Greenblatt) %: 3.53% (97% below median its 10-year median of 102.58)
GF Value™: ₺80.89 vs. price of ₺183.90 (127.3% above fair value)
Industry Position: 76.4% below the Industrial Distribution median (#4 of 156)
No single metric tells the full story. See the IST:TGSAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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