Aygaz ASIST:AYGAZ -0.71%57 ROE % is 0.77% as of Mar. 2026, which is 94% below its 10-year median of 13.26. GuruFocus rates IST:AYGAZ with a GF Score™ of 57/100 and a GF Value™ of ₺146.45 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 503 Utilities - Regulated companies, Aygaz AS ranks worse than 54.08% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Aygaz AS's annualized net income for the quarter that ended in Mar. 2026 was ₺540 Mil. Aygaz AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺70,478 Mil. Therefore, Aygaz AS's annualized ROE % for the quarter that ended in Mar. 2026 was 0.77%.
The historical rank and industry rank for Aygaz AS's ROE % or its related term are showing as below:
IST:AYGAZ'
s ROE % Range Over the Past 10 Years
Min: -1.04 Med: 13.26 Max: 41.13
Current: 7.95
During the past 13 years, Aygaz AS's highest ROE % was 41.13%. The lowest was -1.04%. And the median was 13.26%.
IST:AYGAZ's ROE % is ranked worse than 54.08% of 503
companies
in the Utilities - Regulated industry
Industry Median: 8.62
vs IST:AYGAZ: 7.95
Aygaz AS (IST:AYGAZ) 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:
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.
Aygaz AS ROE % Related Terms
Aygaz AS ROE % Historical Data
* Premium members only.
The historical data trend for Aygaz 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.
For the Utilities - Regulated Gas subindustry, Aygaz 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.
Aygaz AS ROE % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aygaz AS's ROE % distribution charts can be found below:
* The bar in red indicates where Aygaz AS's ROE % falls into.
* 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.
Aygaz AS (IST:AYGAZ) has a ROE % of 0.77% 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 Aygaz AS and its competitors. This is 94% below median its historical median of 13.26. According to the industry distribution chart, Aygaz AS ranks #272 out of 503 companies in the Utilities - Regulated industry, placing it in the top 54.1%.
Is Aygaz AS's ROE % too high?
Aygaz AS's current ROE % of 0.77% is 94% below median its 10-year median of 13.26. The Utilities - Regulated industry median ROE % is 8.62. Aygaz AS's value of 0.77% is 91.1% below this industry median. Based on the distribution chart, Aygaz AS ranks #272 out of 503 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Aygaz AS has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's ROE % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Aygaz AS ranks #272 out of 503 companies for ROE %. This places Aygaz AS in the lower half of its industry. The industry median ROE % is 8.62. Aygaz AS's value of 0.77% is 91.1% below this benchmark. While the company's 10-year median is 13.26 vs. the industry median of 8.62, Aygaz AS has consistently been below 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. Aygaz AS's current ROE % of 0.77% is 91.1% 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 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 Aygaz 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. Aygaz AS's current ROE % is 0.77%, which is 94% below median its own 10-year median of 13.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺146.45, compared to a current price of ₺209.50 — trading 43.1% above its estimated fair value. The current ROE % is 0.77%, which is 94% below median its 10-year median of 13.26 and 91.1% below the Utilities - Regulated industry median of 8.62. Aygaz AS's overall GF Score™ is 57/100 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 Aygaz AS (IST:AYGAZ), the current ROE % is 0.77% 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued.
The current stock price of ₺209.50 is trading 43.1% above its estimated GF Value™ of ₺146.45.
GuruFocus considers Aygaz AS to be Significantly Overvalued.
Key valuation signals for IST:AYGAZ:
ROE %: 0.77% (94% below median its 10-year median of 13.26)
GF Value™: ₺146.45 vs. price of ₺209.50 (43.1% above fair value)
Industry Position: 91.1% below the Utilities - Regulated median (#272 of 503)
No single metric tells the full story. See the IST:AYGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
57GF Score
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