TUPRF (Tupras-Turkiye Petrol Rafineleri AS) ROE %: 4.06% (As of Mar. 2026) — 82% Below Median


TUPRF Tupras-Turkiye Petrol Rafineleri AS TUPRF
80 GF Score
Price $3.46
GF Value $2.34
! 4 Warning Signs
View Full Analysis

What is Tupras-Turkiye Petrol Rafineleri AS ROE %?

Tupras-Turkiye Petrol Rafineleri AS TUPRF 80 ROE % is 4.06% as of Mar. 2026, which is 82% below its 10-year median of 22.03. GuruFocus rates TUPRF with a GF Score™ of 80/100 and a GF Value™ of $2.34. The stock has 4 warning signs investors should review. Among 960 Oil & Gas companies, Tupras-Turkiye Petrol Rafineleri AS ranks better than 62.92% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tupras-Turkiye Petrol Rafineleri AS's annualized net income for the quarter that ended in Mar. 2026 was $336 Mil. Tupras-Turkiye Petrol Rafineleri AS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $8,275 Mil. Therefore, Tupras-Turkiye Petrol Rafineleri AS's annualized ROE % for the quarter that ended in Mar. 2026 was 4.06%.

The historical rank and industry rank for Tupras-Turkiye Petrol Rafineleri AS's ROE % or its related term are showing as below:

TUPRF' s ROE % Range Over the Past 10 Years
Min: -19.43   Med: 22.03   Max: 62.34
Current: 9.84

During the past 13 years, Tupras-Turkiye Petrol Rafineleri AS's highest ROE % was 62.34%. The lowest was -19.43%. And the median was 22.03%.

TUPRF's ROE % is ranked better than
62.92% of 960 companies
in the Oil & Gas industry
Industry Median: 5.725 vs TUPRF: 9.84

Tupras-Turkiye Petrol Rafineleri AS  (OTCPK:TUPRF) 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
=336.156/8274.819
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(336.156 / 23401.444)*(23401.444 / 14923.0695)*(14923.0695 / 8274.819)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.44 %*1.5681*1.8034
=ROA %*Equity Multiplier
=2.26 %*1.8034
=4.06 %

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
=336.156/8274.819
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (336.156 / 940.832) * (940.832 / 1145.496) * (1145.496 / 23401.444) * (23401.444 / 14923.0695) * (14923.0695 / 8274.819)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.3573 * 0.8213 * 4.89 % * 1.5681 * 1.8034
=4.06 %

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.


Tupras-Turkiye Petrol Rafineleri AS ROE % Related Terms


Tupras-Turkiye Petrol Rafineleri AS ROE % Historical Data

* Premium members only.

The historical data trend for Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS ROE % Chart

Tupras-Turkiye Petrol Rafineleri 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 16.99 60.18 27.28 6.68 7.25

Tupras-Turkiye Petrol Rafineleri 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 0.15 11.73 14.64 8.57 4.06

TUPRF vs VLO, MPC, PSX: ROE % Comparison

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.


Tupras-Turkiye Petrol Rafineleri AS ROE % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's ROE % distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's ROE % falls into.


TUPRF
80GF Score
Tupras-Turkiye Petrol Rafineleri AS TUPRF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tupras-Turkiye Petrol Rafineleri AS ROE % Calculation

Tupras-Turkiye Petrol Rafineleri 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 )
=692.288/( (10564.118+8537.747)/ 2 )
=692.288/9550.9325
=7.25 %

Tupras-Turkiye Petrol Rafineleri 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 )
=336.156/( (8537.747+8011.891)/ 2 )
=336.156/8274.819
=4.06 %

* 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 4.06% mean?
Tupras-Turkiye Petrol Rafineleri AS (TUPRF) has a ROE % of 4.06% 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. This is 82% below median its historical median of 22.03. According to the industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #356 out of 960 companies in the Oil & Gas industry, placing it in the top 37.1%.
Is Tupras-Turkiye Petrol Rafineleri AS's ROE % too high?
Tupras-Turkiye Petrol Rafineleri AS's current ROE % of 4.06% is 82% below median its 10-year median of 22.03. The Oil & Gas industry median ROE % is 5.73. Tupras-Turkiye Petrol Rafineleri AS's value of 4.06% is 29.1% below this industry median. Based on the distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #356 out of 960 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Tupras-Turkiye Petrol Rafineleri AS's ROE % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #356 out of 960 companies for ROE %. This puts Tupras-Turkiye Petrol Rafineleri AS in the upper half of its industry. The industry median ROE % is 5.73. Tupras-Turkiye Petrol Rafineleri AS's value of 4.06% is 29.1% below this benchmark. While the company's 10-year median is 22.03 vs. the industry median of 5.73, Tupras-Turkiye Petrol Rafineleri 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 Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.73, based on 960 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. Tupras-Turkiye Petrol Rafineleri AS's current ROE % of 4.06% is 29.1% 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. For the Oil & Gas industry, the median ROE % is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tupras-Turkiye Petrol Rafineleri AS's current ROE % is 4.06%, which is 82% below median its own 10-year median of 22.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tupras-Turkiye Petrol Rafineleri AS stock overvalued right now?
Tupras-Turkiye Petrol Rafineleri AS (TUPRF) has a current ROE % of 4.06%. The stock's GF Value™ is $2.34, compared to a current price of $3.46 — trading 48% above its estimated fair value. The current ROE % is 4.06%, which is 82% below median its 10-year median of 22.03 and 29.1% below the Oil & Gas industry median of 5.73. Tupras-Turkiye Petrol Rafineleri AS's overall GF Score™ is 80/100 with 4 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 Tupras-Turkiye Petrol Rafineleri AS (TUPRF), the current ROE % is 4.06% 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 Tupras-Turkiye Petrol Rafineleri AS (TUPRF) Overvalued in 2026?

Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued. The current stock price of $3.46 is trading 48% above its estimated GF Value™ of $2.34.

Key valuation signals for TUPRF:

  • ROE %: 4.06% (82% below median its 10-year median of 22.03)
  • GF Value™: $2.34 vs. price of $3.46 (48% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 29.1% below the Oil & Gas median (#356 of 960)

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


Tupras-Turkiye Petrol Rafineleri AS Business Description

Industry EnergyOil & Gas
Other Exchanges TUPRS:Turkey
Address Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790
Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.
80GF Score

Get the complete analysis for TUPRF

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

$3.46
Price
$2.34
GF Value