Net Holding AS (IST:NTHOL) ROCE %: 4.22% (As of Mar. 2026)

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IST:NTHOL Net Holding AS IST:NTHOL
71 GF Score
Price ₺44.10
GF Value ₺56.10
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Net Holding AS ROCE %?

Net Holding AS IST:NTHOL -2.00% 71 ROCE % is 4.22% as of Mar. 2026. GuruFocus rates IST:NTHOL with a GF Score™ of 71/100 and a GF Value™ of ₺56.10 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Net Holding AS's annualized ROCE % for the quarter that ended in Mar. 2026 was 4.22%.

Net Holding AS  (IST:NTHOL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Net Holding AS ROCE % Related Terms

Net Holding AS ROCE % Historical Data

* Premium members only.

The historical data trend for Net Holding AS's ROCE % 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.

Net Holding AS ROCE % Chart

Net Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.09 8.22 14.32 7.72 3.57

Net Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 4.09 8.99 0.43 4.22
IST:NTHOL
71GF Score
Net Holding AS IST:NTHOL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Net Holding AS ROCE % Calculation

Net Holding AS's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=3729.535/( ( (110676.026 - 11021.773) + (118794.861 - 9713.538) )/ 2 )
=3729.535/( (99654.253+109081.323)/ 2 )
=3729.535/104367.788
=3.57 %

Net Holding AS's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4842.064/( ( (118794.861 - 9713.538) + (128676.014 - 8087.764) )/ 2 )
=4842.064/( ( 109081.323 + 120588.25 )/ 2 )
=4842.064/114834.7865
=4.22 %

(1) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 4.22% mean?
Net Holding AS (IST:NTHOL) has a ROCE % of 4.22% as of Mar. 2026.
Is Net Holding AS's ROCE % too high?
Net Holding AS's current ROCE % is 4.22%. The Travel & Leisure industry median ROCE % is 6.06. Net Holding AS's value of 4.22% is 30.4% below this industry median. Overall, Net Holding AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's ROCE % compare to BKNG and ABNB?
Net Holding AS's ROCE % of 4.22% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.06. Net Holding AS's value of 4.22% is 30.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.06, based on 836 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Net Holding AS's current ROCE % of 4.22% is 30.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Holding AS's current ROCE % is 4.22%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.10, compared to a current price of ₺44.10 — trading 21.4% below its estimated fair value. The current ROCE % is 4.22% and 30.4% below the Travel & Leisure industry median of 6.06. Net Holding AS's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Net Holding AS (IST:NTHOL), the current ROCE % is 4.22% 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 Net Holding AS (IST:NTHOL) Overvalued in 2026?

Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued. The current stock price of ₺44.10 is trading 21.4% below its estimated GF Value™ of ₺56.10. GuruFocus considers Net Holding AS to be Modestly Undervalued.

Key valuation signals for IST:NTHOL:

  • ROCE %: 4.22%
  • GF Value™: ₺56.10 vs. price of ₺44.10 (21.4% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 30.4% below the Travel & Leisure median

No single metric tells the full story. See the IST:NTHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Net Holding AS Business Description

Address Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
71GF Score

Get the complete analysis for IST:NTHOL

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺44.10
Price
₺56.10
GF Value