Tupras-Turkiye Petrol Rafineleri ASTUPRF 75 ROC (Joel Greenblatt) % is 18.00% as of Mar. 2026, which is 24% below its 10-year median of 23.81. GuruFocus rates TUPRF with a GF Score™ of 75/100 and a GF Value™ of $2.08. The stock has 6 warning signs investors should review. Among 1,000 Oil & Gas companies, Tupras-Turkiye Petrol Rafineleri AS ranks better than 80.4% 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. Tupras-Turkiye Petrol Rafineleri AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.00%.
The historical rank and industry rank for Tupras-Turkiye Petrol Rafineleri AS's ROC (Joel Greenblatt) % or its related term are showing as below:
TUPRF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.52 Med: 23.81 Max: 91.73
Current: 23.48
During the past 13 years, Tupras-Turkiye Petrol Rafineleri AS's highest ROC (Joel Greenblatt) % was 91.73%. The lowest was -7.52%. And the median was 23.81%.
TUPRF's ROC (Joel Greenblatt) % is ranked better than 80.4% of 1000
companies
in the Oil & Gas industry
Industry Median: 8.415
vs TUPRF: 23.48
Tupras-Turkiye Petrol Rafineleri AS (OTCPK:TUPRF) 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.
Tupras-Turkiye Petrol Rafineleri AS ROC (Joel Greenblatt) % Chart
TUPRF vs VLO, MPC, PSX: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.
Tupras-Turkiye Petrol Rafineleri AS ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's ROC (Joel Greenblatt) % falls into.
Tupras-Turkiye Petrol Rafineleri 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 18.00% mean?
Tupras-Turkiye Petrol Rafineleri AS (TUPRF) has a ROC (Joel Greenblatt) % of 18.00% 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. This is 24% below median its historical median of 23.81. According to the industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #196 out of 1000 companies in the Oil & Gas industry, placing it in the top 19.6%.
Is Tupras-Turkiye Petrol Rafineleri AS's ROC (Joel Greenblatt) % too high?
Tupras-Turkiye Petrol Rafineleri AS's current ROC (Joel Greenblatt) % of 18.00% is 24% below median its 10-year median of 23.81. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.42. Tupras-Turkiye Petrol Rafineleri AS's value of 18.00% is 113.9% above this industry median. Based on the distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #196 out of 1000 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Tupras-Turkiye Petrol Rafineleri AS's ROC (Joel Greenblatt) % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #196 out of 1000 companies for ROC (Joel Greenblatt) %. This places Tupras-Turkiye Petrol Rafineleri AS in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.42. Tupras-Turkiye Petrol Rafineleri AS's value of 18.00% is 113.9% above this benchmark. While the company's 10-year median is 23.81 vs. the industry median of 8.42, Tupras-Turkiye Petrol Rafineleri 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.42, based on 1,000 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. Tupras-Turkiye Petrol Rafineleri AS's current ROC (Joel Greenblatt) % of 18.00% is 113.9% 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tupras-Turkiye Petrol Rafineleri AS's current ROC (Joel Greenblatt) % is 18.00%, which is 24% below median its own 10-year median of 23.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tupras-Turkiye Petrol Rafineleri AS stock overvalued right now?
Tupras-Turkiye Petrol Rafineleri AS (TUPRF) has a current ROC (Joel Greenblatt) % of 18.00%. The stock's GF Value™ is $2.08, compared to a current price of $3.46 — trading 66.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 18.00%, which is 24% below median its 10-year median of 23.81 and 113.9% above the Oil & Gas industry median of 8.42. Tupras-Turkiye Petrol Rafineleri AS's overall GF Score™ is 75/100 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 Tupras-Turkiye Petrol Rafineleri AS (TUPRF), the current ROC (Joel Greenblatt) % is 18.00% 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 Tupras-Turkiye Petrol Rafineleri AS (TUPRF) Overvalued in 2026?
Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued.
The current stock price of $3.46 is trading 66.6% above its estimated GF Value™ of $2.08.
Key valuation signals for TUPRF:
ROC (Joel Greenblatt) %: 18.00% (24% below median its 10-year median of 23.81)
GF Value™: $2.08 vs. price of $3.46 (66.6% above fair value)
Industry Position: 113.9% above the Oil & Gas median (#196 of 1000)
No single metric tells the full story. See the TUPRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tupras-Turkiye Petrol Rafineleri AS Business Description
Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.
75GF Score
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