Zorlu Enerji Elektrik Uretim ASIST:ZOREN +5.41%61 ROC (Joel Greenblatt) % is 2.05% as of Mar. 2026, which is 85% below its 10-year median of 14.08. GuruFocus rates IST:ZOREN with a GF Score™ of 61/100 and a GF Value™ of ₺3.25 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 436 Utilities - Independent Power Producers companies, Zorlu Enerji Elektrik Uretim AS ranks worse than 65.37% 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. Zorlu Enerji Elektrik Uretim AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.05%.
The historical rank and industry rank for Zorlu Enerji Elektrik Uretim AS's ROC (Joel Greenblatt) % or its related term are showing as below:
IST:ZOREN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.95 Med: 14.08 Max: 44.03
Current: 3.21
During the past 13 years, Zorlu Enerji Elektrik Uretim AS's highest ROC (Joel Greenblatt) % was 44.03%. The lowest was -0.95%. And the median was 14.08%.
IST:ZOREN's ROC (Joel Greenblatt) % is ranked worse than 65.37% of 436
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.525
vs IST:ZOREN: 3.21
Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) 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.
Zorlu Enerji Elektrik Uretim AS ROC (Joel Greenblatt) % Chart
Zorlu Enerji Elektrik Uretim AS ROC (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, Zorlu Enerji Elektrik Uretim 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.
Zorlu Enerji Elektrik Uretim AS ROC (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Zorlu Enerji Elektrik Uretim AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zorlu Enerji Elektrik Uretim AS's ROC (Joel Greenblatt) % falls into.
Zorlu Enerji Elektrik Uretim 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 2.05% mean?
Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) has a ROC (Joel Greenblatt) % of 2.05% 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 Zorlu Enerji Elektrik Uretim AS and its competitors. This is 85% below median its historical median of 14.08. According to the industry distribution chart, Zorlu Enerji Elektrik Uretim AS ranks #285 out of 436 companies in the Utilities - Independent Power Producers industry, placing it in the top 65.4%.
Is Zorlu Enerji Elektrik Uretim AS's ROC (Joel Greenblatt) % too high?
Zorlu Enerji Elektrik Uretim AS's current ROC (Joel Greenblatt) % of 2.05% is 85% below median its 10-year median of 14.08. The Utilities - Independent Power Producers industry median ROC (Joel Greenblatt) % is 6.53. Zorlu Enerji Elektrik Uretim AS's value of 2.05% is 68.6% below this industry median. Based on the distribution chart, Zorlu Enerji Elektrik Uretim AS ranks #285 out of 436 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Zorlu Enerji Elektrik Uretim AS has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zorlu Enerji Elektrik Uretim AS's ROC (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Zorlu Enerji Elektrik Uretim AS ranks #285 out of 436 companies for ROC (Joel Greenblatt) %. This places Zorlu Enerji Elektrik Uretim AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 6.53. Zorlu Enerji Elektrik Uretim AS's value of 2.05% is 68.6% below this benchmark. While the company's 10-year median is 14.08 vs. the industry median of 6.53, Zorlu Enerji Elektrik Uretim 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 Utilities - Independent Power Producers company?
The median ROC (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 6.53, based on 436 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. Zorlu Enerji Elektrik Uretim AS's current ROC (Joel Greenblatt) % of 2.05% is 68.6% 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 Zorlu Enerji Elektrik Uretim AS and its competitors. For the Utilities - Independent Power Producers industry, the median ROC (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zorlu Enerji Elektrik Uretim AS's current ROC (Joel Greenblatt) % is 2.05%, which is 85% below median its own 10-year median of 14.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zorlu Enerji Elektrik Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺3.25, compared to a current price of ₺2.73 — trading 16% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.05%, which is 85% below median its 10-year median of 14.08 and 68.6% below the Utilities - Independent Power Producers industry median of 6.53. Zorlu Enerji Elektrik Uretim AS's overall GF Score™ is 61/100 with 6 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN), the current ROC (Joel Greenblatt) % is 2.05% 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 Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Overvalued in 2026?
Based on GuruFocus' analysis, Zorlu Enerji Elektrik Uretim AS stock appears to be undervalued.
The current stock price of ₺2.73 is trading 16% below its estimated GF Value™ of ₺3.25.
GuruFocus considers Zorlu Enerji Elektrik Uretim AS to be Modestly Undervalued.
Key valuation signals for IST:ZOREN:
ROC (Joel Greenblatt) %: 2.05% (85% below median its 10-year median of 14.08)
GF Value™: ₺3.25 vs. price of ₺2.73 (16% below fair value)
Industry Position: 68.6% below the Utilities - Independent Power Producers median (#285 of 436)
No single metric tells the full story. See the IST:ZOREN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zorlu Enerji Elektrik Uretim AS Business Description
Zorlu Enerji Elektrik Uretim AS together with its subsidiaries is engaged in establishing, renting and operating facilities of electrical energy production plant, producing electricity and trading electricity to the customers.
61GF Score
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