Altinayvunma Teknolojileri AS (IST:ALTNY) ROE %: -4.49% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:ALTNY Altinay Savunma Teknolojileri AS IST:ALTNY
18 GF Score
Price ₺15.76
! 5 Warning Signs
View Full Analysis

What is Altinayvunma Teknolojileri AS ROE %?

Altinayvunma Teknolojileri AS IST:ALTNY +1.48% 18 ROE % is -4.49% as of Mar. 2026. GuruFocus rates IST:ALTNY with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 349 Aerospace & Defense companies, Altinayvunma Teknolojileri AS ranks worse than 72.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Altinayvunma Teknolojileri AS's annualized net income for the quarter that ended in Mar. 2026 was ₺-217 Mil. Altinayvunma Teknolojileri AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺4,828 Mil. Therefore, Altinayvunma Teknolojileri AS's annualized ROE % for the quarter that ended in Mar. 2026 was -4.49%.

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

IST:ALTNY' s ROE % Range Over the Past 10 Years
Min: -3.03   Med: 3.6   Max: 41.85
Current: -3.03

During the past 5 years, Altinayvunma Teknolojileri AS's highest ROE % was 41.85%. The lowest was -3.03%. And the median was 3.60%.

IST:ALTNY's ROE % is ranked worse than
72.21% of 349 companies
in the Aerospace & Defense industry
Industry Median: 5.89 vs IST:ALTNY: -3.03

Altinayvunma Teknolojileri AS  (IST:ALTNY) 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
=-216.804/4828.2495
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-216.804 / 2234.128)*(2234.128 / 10275.7785)*(10275.7785 / 4828.2495)
=Net Margin %*Asset Turnover*Equity Multiplier
=-9.7 %*0.2174*2.1283
=ROA %*Equity Multiplier
=-2.11 %*2.1283
=-4.49 %

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
=-216.804/4828.2495
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-216.804 / 342.22) * (342.22 / 399.292) * (399.292 / 2234.128) * (2234.128 / 10275.7785) * (10275.7785 / 4828.2495)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= -0.6335 * 0.8571 * 17.87 % * 0.2174 * 2.1283
=-4.49 %

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.


Altinayvunma Teknolojileri AS ROE % Related Terms


Altinayvunma Teknolojileri AS ROE % Historical Data

* Premium members only.

The historical data trend for Altinayvunma Teknolojileri 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.

Altinayvunma Teknolojileri AS ROE % Chart

Altinayvunma Teknolojileri AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
3.06 3.59 41.85 12.65 3.60

Altinayvunma Teknolojileri AS Quarterly Data
Dec21 Dec22 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 7.92 -11.70 -4.31 7.28 -4.49

IST:ALTNY vs SPCX, GE, RTX: ROE % Comparison

For the Aerospace & Defense subindustry, Altinayvunma Teknolojileri 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.


Altinayvunma Teknolojileri AS ROE % vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Altinayvunma Teknolojileri AS's ROE % distribution charts can be found below:

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


IST:ALTNY
18GF Score
Altinay Savunma Teknolojileri AS IST:ALTNY
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Altinayvunma Teknolojileri AS ROE % Calculation

Altinayvunma Teknolojileri 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 )
=163.432/( (4455.403+4622.336)/ 2 )
=163.432/4538.8695
=3.60 %

Altinayvunma Teknolojileri 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 )
=-216.804/( (4622.336+5034.163)/ 2 )
=-216.804/4828.2495
=-4.49 %

* 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 -4.49% mean?
Altinayvunma Teknolojileri AS (IST:ALTNY) has a ROE % of -4.49% 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 Altinayvunma Teknolojileri AS and its competitors. According to the industry distribution chart, Altinayvunma Teknolojileri AS ranks #252 out of 349 companies in the Aerospace & Defense industry, placing it in the top 72.2%.
Is Altinayvunma Teknolojileri AS's ROE % too high?
Altinayvunma Teknolojileri AS's current ROE % is -4.49%. Based on the distribution chart, Altinayvunma Teknolojileri AS ranks #252 out of 349 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Altinayvunma Teknolojileri AS has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Altinayvunma Teknolojileri AS's ROE % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Altinayvunma Teknolojileri AS ranks #252 out of 349 companies for ROE %. This places Altinayvunma Teknolojileri AS in the lower half of its industry. The industry median ROE % is 5.89. 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 Aerospace & Defense company?
The median ROE % among Aerospace & Defense companies is 5.89, based on 349 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 Altinayvunma Teknolojileri AS and its competitors. For the Aerospace & Defense industry, the median ROE % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altinayvunma Teknolojileri AS's current ROE % is -4.49%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altinayvunma Teknolojileri AS stock overvalued right now?
Altinayvunma Teknolojileri AS (IST:ALTNY) has a current ROE % of -4.49%. The current ROE % is -4.49%. Altinayvunma Teknolojileri AS's overall GF Score™ is 18/100 with 5 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 Altinayvunma Teknolojileri AS (IST:ALTNY), the current ROE % is -4.49% 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.

Altinayvunma Teknolojileri AS Business Description

Address Sanayi Mahallesi, Teknopark Bulvari, No - 1/4A ynterior Door No- 201 and 202, Pendik, Istanbul, TUR
Altinay Savunma Teknolojileri AS is a company which has has been providing products and solutions in the fields of Motion Control Systems, Unmanned Systems, Stealth Systems, Weapon Systems, Ammunition Destruction, and Production Systems to various stakeholders in the government, private sector, and international markets.
18GF Score

Get the complete analysis for IST:ALTNY

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

₺15.76
Price