Tumosan Motor ve Traktornayi ASIST:TMSN +1.62%41 ROC (Joel Greenblatt) % is 16.83% as of Mar. 2026, which is 29% above its 10-year median of 13.04. GuruFocus rates IST:TMSN with a GF Score™ of 41/100 and a GF Value™ of ₺24.24 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 209 Farm & Heavy Construction Machinery companies, Tumosan Motor ve Traktornayi AS ranks worse than 89.47% 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. Tumosan Motor ve Traktornayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.83%.
The historical rank and industry rank for Tumosan Motor ve Traktornayi AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:TMSN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.18 Med: 13.04 Max: 69.3
Current: -14.18
During the past 13 years, Tumosan Motor ve Traktornayi AS's highest ROC (Joel Greenblatt) % was 69.30%. The lowest was -14.18%. And the median was 13.04%.
IST:TMSN's ROC (Joel Greenblatt) % is ranked worse than 89.47% of 209
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 13.6
vs IST:TMSN: -14.18
Tumosan Motor ve Traktornayi AS (IST:TMSN) 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.
Tumosan Motor ve Traktornayi AS ROC (Joel Greenblatt) % Chart
IST:TMSN vs CAT, DE, PCAR: ROC (Joel Greenblatt) % Comparison
For the Farm & Heavy Construction Machinery subindustry, Tumosan Motor ve Traktornayi 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.
Tumosan Motor ve Traktornayi AS ROC (Joel Greenblatt) % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Tumosan Motor ve Traktornayi AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tumosan Motor ve Traktornayi AS's ROC (Joel Greenblatt) % falls into.
Tumosan Motor ve Traktornayi 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 16.83% mean?
Tumosan Motor ve Traktornayi AS (IST:TMSN) has a ROC (Joel Greenblatt) % of 16.83% 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 Tumosan Motor ve Traktornayi AS and its competitors. This is 29% above median its historical median of 13.04. According to the industry distribution chart, Tumosan Motor ve Traktornayi AS ranks #187 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 89.5%.
Is Tumosan Motor ve Traktornayi AS's ROC (Joel Greenblatt) % too high?
Tumosan Motor ve Traktornayi AS's current ROC (Joel Greenblatt) % of 16.83% is 29% above median its 10-year median of 13.04. The Farm & Heavy Construction Machinery industry median ROC (Joel Greenblatt) % is 13.60. Tumosan Motor ve Traktornayi AS's value of 16.83% is 23.8% above this industry median. Based on the distribution chart, Tumosan Motor ve Traktornayi AS ranks #187 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Tumosan Motor ve Traktornayi AS has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tumosan Motor ve Traktornayi AS's ROC (Joel Greenblatt) % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Tumosan Motor ve Traktornayi AS ranks #187 out of 209 companies for ROC (Joel Greenblatt) %. This places Tumosan Motor ve Traktornayi AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.60. Tumosan Motor ve Traktornayi AS's value of 16.83% is 23.8% above this benchmark. While the company's 10-year median is 13.04 vs. the industry median of 13.60, Tumosan Motor ve Traktornayi 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 Farm & Heavy Construction Machinery company?
The median ROC (Joel Greenblatt) % among Farm & Heavy Construction Machinery companies is 13.60, based on 209 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. Tumosan Motor ve Traktornayi AS's current ROC (Joel Greenblatt) % of 16.83% is 23.8% 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 Tumosan Motor ve Traktornayi AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROC (Joel Greenblatt) % is 13.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tumosan Motor ve Traktornayi AS's current ROC (Joel Greenblatt) % is 16.83%, which is 29% above median its own 10-year median of 13.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tumosan Motor ve Traktornayi AS stock overvalued right now?
Based on GuruFocus' analysis, Tumosan Motor ve Traktornayi AS (IST:TMSN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺24.24, compared to a current price of ₺84.60 — trading 249% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.83%, which is 29% above median its 10-year median of 13.04 and 23.8% above the Farm & Heavy Construction Machinery industry median of 13.60. Tumosan Motor ve Traktornayi AS's overall GF Score™ is 41/100 with 9 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 Tumosan Motor ve Traktornayi AS (IST:TMSN), the current ROC (Joel Greenblatt) % is 16.83% 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 Tumosan Motor ve Traktornayi AS (IST:TMSN) Overvalued in 2026?
Based on GuruFocus' analysis, Tumosan Motor ve Traktornayi AS stock appears to be overvalued.
The current stock price of ₺84.60 is trading 249% above its estimated GF Value™ of ₺24.24.
GuruFocus considers Tumosan Motor ve Traktornayi AS to be Significantly Overvalued.
Key valuation signals for IST:TMSN:
ROC (Joel Greenblatt) %: 16.83% (29% above median its 10-year median of 13.04)
GF Value™: ₺24.24 vs. price of ₺84.60 (249% above fair value)
Industry Position: 23.8% above the Farm & Heavy Construction Machinery median (#187 of 209)
No single metric tells the full story. See the IST:TMSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tumosan Motor ve Traktornayi AS Business Description
Tumosan Motor ve Traktor Sanayi AS is a Turkey-based company mainly engaged in manufacturing and production of the diesel engine and tractors. Its products comprise Tractors, Industrial Engines, Agricultural Machinery Engines, Forklifts, and Agricultural Equipments.
41GF Score
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