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Turk Altin Isletmeleri ASIST:TRALT -2.05%85 ROC (Joel Greenblatt) % is 57.09% as of Mar. 2026, which is 50% below its 10-year median of 113.32. GuruFocus rates IST:TRALT with a GF Score™ of 85/100 and a GF Value™ of ₺43.41 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,502 Metals & Mining companies, Turk Altin Isletmeleri AS ranks better than 94.12% 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. Turk Altin Isletmeleri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 57.09%.
The historical rank and industry rank for Turk Altin Isletmeleri AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:TRALT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -41.05 Med: 113.32 Max: 266.11
Current: 46.87
During the past 13 years, Turk Altin Isletmeleri AS's highest ROC (Joel Greenblatt) % was 266.11%. The lowest was -41.05%. And the median was 113.32%.
IST:TRALT's ROC (Joel Greenblatt) % is ranked better than 94.12% of 2502
companies
in the Metals & Mining industry
Industry Median: -22.14
vs IST:TRALT: 46.87
Turk Altin Isletmeleri AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Turk Altin Isletmeleri AS (IST:TRALT) 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.
Turk Altin Isletmeleri AS ROC (Joel Greenblatt) % Related Terms
Turk Altin Isletmeleri AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Turk Altin Isletmeleri 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.
Turk Altin Isletmeleri AS ROC (Joel Greenblatt) % Chart
IST:TRALT vs NEM, AU, RGLD: ROC (Joel Greenblatt) % Comparison
For the Gold subindustry, Turk Altin Isletmeleri 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.
Turk Altin Isletmeleri AS ROC (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Turk Altin Isletmeleri AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Turk Altin Isletmeleri AS's ROC (Joel Greenblatt) % falls into.
Turk Altin Isletmeleri 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 57.09% mean?
Turk Altin Isletmeleri AS (IST:TRALT) has a ROC (Joel Greenblatt) % of 57.09% 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 Turk Altin Isletmeleri AS and its competitors. This is 50% below median its historical median of 113.32. According to the industry distribution chart, Turk Altin Isletmeleri AS ranks #147 out of 2502 companies in the Metals & Mining industry, placing it in the top 5.9%.
Is Turk Altin Isletmeleri AS's ROC (Joel Greenblatt) % too high?
Turk Altin Isletmeleri AS's current ROC (Joel Greenblatt) % of 57.09% is 50% below median its 10-year median of 113.32. Based on the distribution chart, Turk Altin Isletmeleri AS ranks #147 out of 2502 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Turk Altin Isletmeleri AS has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turk Altin Isletmeleri AS's ROC (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Turk Altin Isletmeleri AS ranks #147 out of 2502 companies for ROC (Joel Greenblatt) %. This places Turk Altin Isletmeleri AS in the top 6% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good ROC (Joel Greenblatt) % depends on the Metals & Mining industry context. 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 Turk Altin Isletmeleri AS and its competitors. Turk Altin Isletmeleri AS's current ROC (Joel Greenblatt) % is 57.09%, which is 50% below median its own 10-year median of 113.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Altin Isletmeleri AS stock overvalued right now?
Based on GuruFocus' analysis, Turk Altin Isletmeleri AS (IST:TRALT) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺43.41, compared to a current price of ₺50.25 — trading 15.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 57.09%, which is 50% below median its 10-year median of 113.32. Turk Altin Isletmeleri AS's overall GF Score™ is 85/100 with 3 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 Turk Altin Isletmeleri AS (IST:TRALT), the current ROC (Joel Greenblatt) % is 57.09% 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 Turk Altin Isletmeleri AS (IST:TRALT) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Altin Isletmeleri AS stock appears to be overvalued.
The current stock price of ₺50.25 is trading 15.8% above its estimated GF Value™ of ₺43.41.
GuruFocus considers Turk Altin Isletmeleri AS to be Modestly Overvalued.
Key valuation signals for IST:TRALT:
ROC (Joel Greenblatt) %: 57.09% (50% below median its 10-year median of 113.32)
GF Value™: ₺43.41 vs. price of ₺50.25 (15.8% above fair value)
No single metric tells the full story. See the IST:TRALT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turk Altin Isletmeleri AS , formerly Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. Its operating mines include an underground mine at Ovacik, a mine in Cukuralan that utilizes both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.
85GF Score
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