Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS (IST:AHGAZ) ROE %: 18.83% (As of Mar. 2026) — 15% Above Median


IST:AHGAZ Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS IST:AHGAZ
81 GF Score
Price ₺36.46
GF Value ₺28.63
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ROE %?

Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS IST:AHGAZ -0.92% 81 ROE % is 18.83% as of Mar. 2026, which is 15% above its 10-year median of 16.44. GuruFocus rates IST:AHGAZ with a GF Score™ of 81/100 and a GF Value™ of ₺28.63 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 503 Utilities - Regulated companies, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ranks worse than 50.5% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's annualized net income for the quarter that ended in Mar. 2026 was ₺9,681 Mil. Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺51,403 Mil. Therefore, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's annualized ROE % for the quarter that ended in Mar. 2026 was 18.83%.

The historical rank and industry rank for Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's ROE % or its related term are showing as below:

IST:AHGAZ' s ROE % Range Over the Past 10 Years
Min: 7   Med: 16.44   Max: 43.07
Current: 8.53

During the past 7 years, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's highest ROE % was 43.07%. The lowest was 7.00%. And the median was 16.44%.

IST:AHGAZ's ROE % is ranked worse than
50.5% of 503 companies
in the Utilities - Regulated industry
Industry Median: 8.62 vs IST:AHGAZ: 8.53

Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS  (IST:AHGAZ) 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
=9681.144/51403.389
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(9681.144 / 101730.308)*(101730.308 / 231712.8625)*(231712.8625 / 51403.389)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.52 %*0.439*4.5077
=ROA %*Equity Multiplier
=4.18 %*4.5077
=18.83 %

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
=9681.144/51403.389
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (9681.144 / 19862.424) * (19862.424 / 17385.372) * (17385.372 / 101730.308) * (101730.308 / 231712.8625) * (231712.8625 / 51403.389)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.4874 * 1.1425 * 17.09 % * 0.439 * 4.5077
=18.83 %

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.


Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ROE % Related Terms


Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ROE % Historical Data

* Premium members only.

The historical data trend for Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim 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.

Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ROE % Chart

Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Negative Equity 43.07 24.90 7.97 7.00

Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS Quarterly Data
Dec19 Dec20 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 22.17 1.28 8.21 2.77 18.83

IST:AHGAZ vs ATO, NI, UGI: ROE % Comparison

For the Utilities - Regulated Gas subindustry, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim 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.


Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ROE % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's ROE % distribution charts can be found below:

* The bar in red indicates where Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's ROE % falls into.


IST:AHGAZ
81GF Score
Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS IST:AHGAZ
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ROE % Calculation

Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim 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 )
=2889.276/( (34390.321+48105.39)/ 2 )
=2889.276/41247.8555
=7.00 %

Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim 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 )
=9681.144/( (48105.39+54701.388)/ 2 )
=9681.144/51403.389
=18.83 %

* 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 18.83% mean?
Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS (IST:AHGAZ) has a ROE % of 18.83% 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 Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS and its competitors. This is 15% above median its historical median of 16.44. Over the past decade, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's ROE % has ranged from 7.00 to 43.07. According to the industry distribution chart, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ranks #254 out of 503 companies in the Utilities - Regulated industry, placing it in the top 50.5%.
Is Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's ROE % too high?
Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's current ROE % of 18.83% is 15% above median its 10-year median of 16.44. Over the past 10 years, this metric has ranged from a low of 7.00 to a high of 43.07. The Utilities - Regulated industry median ROE % is 8.62. Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's value of 18.83% is 118.4% above this industry median. Based on the distribution chart, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ranks #254 out of 503 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's ROE % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS ranks #254 out of 503 companies for ROE %. This places Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS in the lower half of its industry. The industry median ROE % is 8.62. Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's value of 18.83% is 118.4% above this benchmark. Historically, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's own ROE % has ranged from 7.00 to 43.07 over the past decade. While the company's 10-year median is 16.44 vs. the industry median of 8.62, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim 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 ROE % for an Utilities - Regulated company?
The median ROE % among Utilities - Regulated companies is 8.62, based on 503 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. Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's current ROE % of 18.83% is 118.4% 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 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 Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS and its competitors. For the Utilities - Regulated industry, the median ROE % is 8.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's current ROE % is 18.83%, which is 15% above median its own 10-year median of 16.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS stock overvalued right now?
Based on GuruFocus' analysis, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS (IST:AHGAZ) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺28.63, compared to a current price of ₺36.46 — trading 27.3% above its estimated fair value. The current ROE % is 18.83%, which is 15% above median its 10-year median of 16.44 and 118.4% above the Utilities - Regulated industry median of 8.62. Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS's overall GF Score™ is 81/100 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 Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS (IST:AHGAZ), the current ROE % is 18.83% 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 Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS (IST:AHGAZ) Overvalued in 2026?

Based on GuruFocus' analysis, Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS stock appears to be overvalued. The current stock price of ₺36.46 is trading 27.3% above its estimated GF Value™ of ₺28.63. GuruFocus considers Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS to be Modestly Overvalued.

Key valuation signals for IST:AHGAZ:

  • ROE %: 18.83% (15% above median its 10-year median of 16.44)
  • GF Value™: ₺28.63 vs. price of ₺36.46 (27.3% above fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 118.4% above the Utilities - Regulated median (#254 of 503)

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


Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS Business Description

Address Street No.3, Icerenkoy Neighborhood, Atasehir, Yesilvadi, Istanbul, TUR
Ahlatci Dogal Gaz Dagitim Enerji Ve Yatirim AS operates in the field of natural gas distribution. It mainly engages in the natural gas distribution business in Turkey.
81GF Score

Get the complete analysis for IST:AHGAZ

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

₺36.46
Price
₺28.63
GF Value