Marshall Boya VE Verniknayii AS (IST:MRSHL) ROE %: 65.24% (As of Mar. 2026)


IST:MRSHL Marshall Boya VE Vernik Sanayii AS IST:MRSHL
51 GF Score
Price ₺2,021.00
GF Value ₺1,379.60
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Marshall Boya VE Verniknayii AS ROE %?

Marshall Boya VE Verniknayii AS IST:MRSHL -6.65% 51 ROE % is 65.24% as of Mar. 2026. GuruFocus rates IST:MRSHL with a GF Score™ of 51/100 and a GF Value™ of ₺1,379.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,581 Chemicals companies, Marshall Boya VE Verniknayii AS ranks worse than 91.65% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Marshall Boya VE Verniknayii AS's annualized net income for the quarter that ended in Mar. 2026 was ₺658 Mil. Marshall Boya VE Verniknayii AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₺1,009 Mil. Therefore, Marshall Boya VE Verniknayii AS's annualized ROE % for the quarter that ended in Mar. 2026 was 65.24%.

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

IST:MRSHL' s ROE % Range Over the Past 10 Years
Min: -172.15   Med: -24.09   Max: 25.13
Current: -19.84

During the past 13 years, Marshall Boya VE Verniknayii AS's highest ROE % was 25.13%. The lowest was -172.15%. And the median was -24.09%.

IST:MRSHL's ROE % is ranked worse than
91.65% of 1581 companies
in the Chemicals industry
Industry Median: 5.21 vs IST:MRSHL: -19.84

Marshall Boya VE Verniknayii AS  (IST:MRSHL) 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
=658.036/1008.7055
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(658.036 / 5992.728)*(5992.728 / 3754.626)*(3754.626 / 1008.7055)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.98 %*1.5961*3.7222
=ROA %*Equity Multiplier
=17.53 %*3.7222
=65.24 %

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
=658.036/1008.7055
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (658.036 / 781.744) * (781.744 / 1064.836) * (1064.836 / 5992.728) * (5992.728 / 3754.626) * (3754.626 / 1008.7055)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8418 * 0.7341 * 17.77 % * 1.5961 * 3.7222
=65.24 %

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.


Marshall Boya VE Verniknayii AS ROE % Related Terms


Marshall Boya VE Verniknayii AS ROE % Historical Data

* Premium members only.

The historical data trend for Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii AS ROE % Chart

Marshall Boya VE Verniknayii 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 -172.15 -20.31 -28.71 -27.87 -28.47

Marshall Boya VE Verniknayii 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 31.86 -13.23 -92.96 -43.21 65.24

IST:MRSHL vs LIN, SHW, ECL: ROE % Comparison

For the Specialty Chemicals subindustry, Marshall Boya VE Verniknayii 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.


Marshall Boya VE Verniknayii AS ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Marshall Boya VE Verniknayii AS's ROE % distribution charts can be found below:

* The bar in red indicates where Marshall Boya VE Verniknayii AS's ROE % falls into.


IST:MRSHL
51GF Score
Marshall Boya VE Vernik Sanayii AS IST:MRSHL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Marshall Boya VE Verniknayii AS ROE % Calculation

Marshall Boya VE Verniknayii 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 )
=-291.491/( (1168.808+879.243)/ 2 )
=-291.491/1024.0255
=-28.47 %

Marshall Boya VE Verniknayii 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 )
=658.036/( (879.243+1138.168)/ 2 )
=658.036/1008.7055
=65.24 %

* 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 65.24% mean?
Marshall Boya VE Verniknayii AS (IST:MRSHL) has a ROE % of 65.24% 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 Marshall Boya VE Verniknayii AS and its competitors. According to the industry distribution chart, Marshall Boya VE Verniknayii AS ranks #1449 out of 1581 companies in the Chemicals industry, placing it in the top 91.7%.
Is Marshall Boya VE Verniknayii AS's ROE % too high?
Marshall Boya VE Verniknayii AS's current ROE % is 65.24%. The Chemicals industry median ROE % is 5.21. Marshall Boya VE Verniknayii AS's value of 65.24% is 1152.2% above this industry median. Based on the distribution chart, Marshall Boya VE Verniknayii AS ranks #1449 out of 1581 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Marshall Boya VE Verniknayii AS has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marshall Boya VE Verniknayii AS's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Marshall Boya VE Verniknayii AS ranks #1449 out of 1581 companies for ROE %. This places Marshall Boya VE Verniknayii AS in the lower half of its industry. The industry median ROE % is 5.21. Marshall Boya VE Verniknayii AS's value of 65.24% is 1152.2% above this benchmark. 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 Chemicals company?
The median ROE % among Chemicals companies is 5.21, based on 1,581 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. Marshall Boya VE Verniknayii AS's current ROE % of 65.24% is 1152.2% 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 Marshall Boya VE Verniknayii AS and its competitors. For the Chemicals industry, the median ROE % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marshall Boya VE Verniknayii AS's current ROE % is 65.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshall Boya VE Verniknayii AS stock overvalued right now?
Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS (IST:MRSHL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1,379.60, compared to a current price of ₺2,021.00 — trading 46.5% above its estimated fair value. The current ROE % is 65.24% and 1152.2% above the Chemicals industry median of 5.21. Marshall Boya VE Verniknayii AS's overall GF Score™ is 51/100 with 6 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 Marshall Boya VE Verniknayii AS (IST:MRSHL), the current ROE % is 65.24% 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 Marshall Boya VE Verniknayii AS (IST:MRSHL) Overvalued in 2026?

Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS stock appears to be overvalued. The current stock price of ₺2,021.00 is trading 46.5% above its estimated GF Value™ of ₺1,379.60. GuruFocus considers Marshall Boya VE Verniknayii AS to be Significantly Overvalued.

Key valuation signals for IST:MRSHL:

  • ROE %: 65.24%
  • GF Value™: ₺1,379.60 vs. price of ₺2,021.00 (46.5% above fair value)
  • GF Score™: 51/100 with 6 warning signs
  • Industry Position: 1152.2% above the Chemicals median (#1449 of 1581)

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


Marshall Boya VE Verniknayii AS Business Description

Address Dilovasi Organize San. Bolgesi, 1.Kisim Tuna Caddesi No:1, Dilovasi, Gebze, Kocaeli, TUR, 41455
Marshall Boya VE Vernik Sanayii AS is a Turkey-based company involved in manufacturing paints, coatings, and specialty chemicals. The variety of paints provided by the company includes Panel Door Paint, Fit Silicone, Fit Plastic, Antibacterial Hygiene and Silicone Silk Mat Tinted among others.
51GF Score

Get the complete analysis for IST:MRSHL

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

₺2,021.00
Price
₺1,379.60
GF Value