ACKAY (Arcelik AS) ROE %: -9.94% (As of Mar. 2026)


ACKAY Arcelik AS ACKAY
77 GF Score
Price $11.69
GF Value $9.62
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Arcelik AS ROE %?

Arcelik AS ACKAY -0.26% 77 ROE % is -9.94% as of Mar. 2026. GuruFocus rates ACKAY with a GF Score™ of 77/100 and a GF Value™ of $9.62 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Arcelik AS ranks worse than 86.68% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Arcelik AS's annualized net income for the quarter that ended in Mar. 2026 was $-165 Mil. Arcelik AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $1,656 Mil. Therefore, Arcelik AS's annualized ROE % for the quarter that ended in Mar. 2026 was -9.94%.

The historical rank and industry rank for Arcelik AS's ROE % or its related term are showing as below:

ACKAY' s ROE % Range Over the Past 10 Years
Min: -11.54   Med: 15.27   Max: 29.11
Current: -11.54

During the past 13 years, Arcelik AS's highest ROE % was 29.11%. The lowest was -11.54%. And the median was 15.27%.

ACKAY's ROE % is ranked worse than
86.68% of 428 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.545 vs ACKAY: -11.54

Arcelik AS  (OTCPK:ACKAY) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-164.624/1655.709
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-164.624 / 11804.452)*(11804.452 / 12736.036)*(12736.036 / 1655.709)
=Net Margin %*Asset Turnover*Equity Multiplier
=-1.39 %*0.9269*7.6922
=ROA %*Equity Multiplier
=-1.29 %*7.6922
=-9.94 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-164.624/1655.709
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-164.624 / 27.28) * (27.28 / 153.152) * (153.152 / 11804.452) * (11804.452 / 12736.036) * (12736.036 / 1655.709)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -6.0346 * 0.1781 * 1.3 % * 0.9269 * 7.6922
=-9.94 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Arcelik AS ROE % Related Terms


Arcelik AS ROE % Historical Data

* Premium members only.

The historical data trend for Arcelik AS's ROE % 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.

Arcelik AS ROE % Chart

Arcelik AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.03 15.82 23.86 2.38 -9.41

Arcelik AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 -10.44 -12.93 -11.71 -10.91 -9.94

ACKAY vs SN, SGI, MHK: ROE % Comparison

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS's ROE %, along with its competitors' market caps and ROE % 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.


Arcelik AS ROE % vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's ROE % distribution charts can be found below:

* The bar in red indicates where Arcelik AS's ROE % falls into.


ACKAY
77GF Score
Arcelik AS ACKAY
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arcelik AS ROE % Calculation

Arcelik AS's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-195.932/( (2514.4+1650.587)/ 2 )
=-195.932/2082.4935
=-9.41 %

Arcelik AS's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-164.624/( (1650.587+1660.831)/ 2 )
=-164.624/1655.709
=-9.94 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -9.94% mean?
Arcelik AS (ACKAY) has a ROE % of -9.94% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Arcelik AS and its competitors. According to the industry distribution chart, Arcelik AS ranks #371 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 86.7%.
Is Arcelik AS's ROE % too high?
Arcelik AS's current ROE % is -9.94%. Based on the distribution chart, Arcelik AS ranks #371 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Arcelik AS has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arcelik AS's ROE % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Arcelik AS ranks #371 out of 428 companies for ROE %. This places Arcelik AS in the lower half of its industry. The industry median ROE % is 4.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Furnishings, Fixtures & Appliances company?
The median ROE % among Furnishings, Fixtures & Appliances companies is 4.55, based on 428 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Arcelik AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROE % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arcelik AS's current ROE % is -9.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcelik AS stock overvalued right now?
Based on GuruFocus' analysis, Arcelik AS (ACKAY) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.62, compared to a current price of $11.69 — trading 21.5% above its estimated fair value. The current ROE % is -9.94%. Arcelik AS's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Arcelik AS (ACKAY), the current ROE % is -9.94% 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 Arcelik AS (ACKAY) Overvalued in 2026?

Based on GuruFocus' analysis, Arcelik AS stock appears to be overvalued. The current stock price of $11.69 is trading 21.5% above its estimated GF Value™ of $9.62. GuruFocus considers Arcelik AS to be Modestly Overvalued.

Key valuation signals for ACKAY:

  • ROE %: -9.94%
  • GF Value™: $9.62 vs. price of $11.69 (21.5% above fair value)
  • GF Score™: 77/100 with 8 warning signs

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


Arcelik AS Business Description

Other Exchanges ARCLK:TurkeyRCAA:Germany
Address Karaagac Caddesi No 2-6, Sutluce, Beyoglu, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. It supplies products and services under the brands of Altus, Arctic, Arcelik, Beko, Blomberg, Dawlance, Defy, Elektrabregenz, Flavel, Grundig, Leisure, and VoltasBeko among others. The company's reportable segments are White goods and Consumer Electronics. The majority of its revenue is derived from the White goods segment which comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers, and the services provided for these products. Geographically, key revenue for the company is generated from Europe.
77GF Score

Get the complete analysis for ACKAY

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

$11.69
Price
$9.62
GF Value