ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Tupras-Turkiye Petrol Rafineleri AS's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 4.10%.
As of today (2026-06-30), Tupras-Turkiye Petrol Rafineleri AS's WACC % is 11.95%. Tupras-Turkiye Petrol Rafineleri AS's ROIC % is 8.70% (calculated using TTM income statement data).
Tupras-Turkiye Petrol Rafineleri AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Tupras-Turkiye Petrol Rafineleri AS's WACC % is 11.95%. Tupras-Turkiye Petrol Rafineleri AS's ROIC % is 8.70% (calculated using TTM income statement data).
Tupras-Turkiye Petrol Rafineleri AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Tupras-Turkiye Petrol Rafineleri AS ROIC % Related Terms
Tupras-Turkiye Petrol Rafineleri AS ROIC % Historical Data
* 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 Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri AS's ROIC %, along with its competitors' market caps and ROIC % 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 ROIC % vs Oil & Gas Industry
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 (IST:TUPRS) has a ROIC % of 4.10% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Tupras-Turkiye Petrol Rafineleri AS and its competitors.
Is Tupras-Turkiye Petrol Rafineleri AS's ROIC % too high?
Tupras-Turkiye Petrol Rafineleri AS's current ROIC % is 4.10%. The Oil & Gas industry median ROIC % is 3.66. Tupras-Turkiye Petrol Rafineleri AS's value of 4.10% is 12.2% above this industry median. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tupras-Turkiye Petrol Rafineleri AS's ROIC % compare to VLO and MPC?
Tupras-Turkiye Petrol Rafineleri AS's ROIC % of 4.10% can be compared against companies in the Oil & Gas industry. The industry median ROIC % is 3.66. Tupras-Turkiye Petrol Rafineleri AS's value of 4.10% is 12.2% 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 ROIC % for an Oil & Gas company?
The median ROIC % among Oil & Gas companies is 3.66, based on 1,002 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tupras-Turkiye Petrol Rafineleri AS's current ROIC % of 4.10% is 12.2% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Tupras-Turkiye Petrol Rafineleri AS and its competitors. For the Oil & Gas industry, the median ROIC % is 3.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tupras-Turkiye Petrol Rafineleri AS's current ROIC % is 4.10%. 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?
Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺147.82, compared to a current price of ₺219.30 — trading 48.4% above its estimated fair value. The current ROIC % is 4.10% and 12.2% above the Oil & Gas industry median of 3.66. 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 ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS), the current ROIC % is 4.10% 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 (IST:TUPRS) Overvalued in 2026?
Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued.
The current stock price of ₺219.30 is trading 48.4% above its estimated GF Value™ of ₺147.82.
GuruFocus considers Tupras-Turkiye Petrol Rafineleri AS to be Significantly Overvalued.
Key valuation signals for IST:TUPRS:
ROIC %: 4.10%
GF Value™: ₺147.82 vs. price of ₺219.30 (48.4% above fair value)
Industry Position: 12.2% above the Oil & Gas median
No single metric tells the full story. See the IST:TUPRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tupras-Turkiye Petrol Rafineleri AS Business Description
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.
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