Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) 3-Year ROIIC % : 2.92% (As of Dec. 2025) — 69% Below Median

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:BVSAN Bulbuloglu Vinc Sanayi ve Ticaret AS IST:BVSAN
88 GF Score
Price ₺107.80
GF Value ₺112.15
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Bulbuloglu Vincnayi ve Ticaret AS 3-Year ROIIC %?

Bulbuloglu Vincnayi ve Ticaret AS IST:BVSAN -2.53% 88 3-Year ROIIC % is 2.92 as of Dec. 2025, which is 69% below its 10-year median of 9.28. GuruFocus rates IST:BVSAN with a GF Score™ of 88/100 and a GF Value™ of ₺112.15 (Fairly Valued). The stock has 5 warning signs investors should review. Among 202 Farm & Heavy Construction Machinery companies, Bulbuloglu Vincnayi ve Ticaret AS ranks better than 50.99% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 2.92%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % or its related term are showing as below:

IST:BVSAN's 3-Year ROIIC % is ranked better than
50.99% of 202 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.32 vs IST:BVSAN: 2.92

Bulbuloglu Vincnayi ve Ticaret AS  (IST:BVSAN) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Bulbuloglu Vincnayi ve Ticaret AS 3-Year ROIIC % Related Terms


Bulbuloglu Vincnayi ve Ticaret AS 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % 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.

Bulbuloglu Vincnayi ve Ticaret AS 3-Year ROIIC % Chart

Bulbuloglu Vincnayi ve Ticaret AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial 0.00 5.75 19.05 12.80 2.92

Bulbuloglu Vincnayi ve Ticaret AS Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 0.00 0.00 2.92 0.00

IST:BVSAN vs CAT, DE, PCAR: 3-Year ROIIC % Comparison

For the Farm & Heavy Construction Machinery subindustry, Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


Bulbuloglu Vincnayi ve Ticaret AS 3-Year ROIIC % vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % falls into.


IST:BVSAN
88GF Score
Bulbuloglu Vinc Sanayi ve Ticaret AS IST:BVSAN
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulbuloglu Vincnayi ve Ticaret AS 3-Year ROIIC % Calculation

Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 156.2324979 (Dec. 2025) - 94.7381224 (Dec. 2022) )/( 3714.819 (Dec. 2025) - 1605.441 (Dec. 2022) )
=61.4943755/2109.378
=2.92%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 2.92 mean?
Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) has a 3-Year ROIIC % of 2.92 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Bulbuloglu Vincnayi ve Ticaret AS and its competitors. This is 69% below median its historical median of 9.28. Over the past decade, Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % has ranged from 2.92 to 19.05. According to the industry distribution chart, Bulbuloglu Vincnayi ve Ticaret AS ranks #99 out of 202 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 49%.
Is Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % too high?
Bulbuloglu Vincnayi ve Ticaret AS's current 3-Year ROIIC % of 2.92 is 69% below median its 10-year median of 9.28. Over the past 10 years, this metric has ranged from a low of 2.92 to a high of 19.05. The Farm & Heavy Construction Machinery industry median 3-Year ROIIC % is 2.32. Bulbuloglu Vincnayi ve Ticaret AS's value of 2.92 is 25.9% above this industry median. Based on the distribution chart, Bulbuloglu Vincnayi ve Ticaret AS ranks #99 out of 202 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Bulbuloglu Vincnayi ve Ticaret AS has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bulbuloglu Vincnayi ve Ticaret AS's 3-Year ROIIC % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Bulbuloglu Vincnayi ve Ticaret AS ranks #99 out of 202 companies for 3-Year ROIIC %. This puts Bulbuloglu Vincnayi ve Ticaret AS in the upper half of its industry. The industry median 3-Year ROIIC % is 2.32. Bulbuloglu Vincnayi ve Ticaret AS's value of 2.92 is 25.9% above this benchmark. Historically, Bulbuloglu Vincnayi ve Ticaret AS's own 3-Year ROIIC % has ranged from 2.92 to 19.05 over the past decade. While the company's 10-year median is 9.28 vs. the industry median of 2.32, Bulbuloglu Vincnayi ve Ticaret AS has consistently been above 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 3-Year ROIIC % for a Farm & Heavy Construction Machinery company?
The median 3-Year ROIIC % among Farm & Heavy Construction Machinery companies is 2.32, based on 202 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bulbuloglu Vincnayi ve Ticaret AS's current 3-Year ROIIC % of 2.92 is 25.9% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Bulbuloglu Vincnayi ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median 3-Year ROIIC % is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulbuloglu Vincnayi ve Ticaret AS's current 3-Year ROIIC % is 2.92, which is 69% below median its own 10-year median of 9.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulbuloglu Vincnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) is currently considered Fairly Valued. The stock's GF Value™ is ₺112.15, compared to a current price of ₺107.80 — trading 3.9% below its estimated fair value. The current 3-Year ROIIC % is 2.92, which is 69% below median its 10-year median of 9.28 and 25.9% above the Farm & Heavy Construction Machinery industry median of 2.32. Bulbuloglu Vincnayi ve Ticaret AS's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN), the current 3-Year ROIIC % is 2.92 as of Dec. 2025. 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 Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Bulbuloglu Vincnayi ve Ticaret AS stock appears to be undervalued. The current stock price of ₺107.80 is trading 3.9% below its estimated GF Value™ of ₺112.15. GuruFocus considers Bulbuloglu Vincnayi ve Ticaret AS to be Fairly Valued.

Key valuation signals for IST:BVSAN:

  • 3-Year ROIIC %: 2.92 (69% below median its 10-year median of 9.28)
  • GF Value™: ₺112.15 vs. price of ₺107.80 (3.9% below fair value)
  • GF Score™: 88/100 with 5 warning signs
  • Industry Position: 25.9% above the Farm & Heavy Construction Machinery median (#99 of 202)

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


Bulbuloglu Vincnayi ve Ticaret AS Business Description

Address Oguz Cad. No:21, Organized Industrial Zone, Sincan, Ankara, TUR, 06935
Bulbuloglu Vinc Sanayi ve Ticaret AS is engaged in the manufacturing of heavy machinery and equipment. Its offerings include Travelling Cranes, Gantry Cranes, Process Cranes, Lifting Groups, Jib Cranes, Port Cranes, Ex-Proof Cranes, Special Manufacturing, and Crane Equipment.
88GF Score

Get the complete analysis for IST:BVSAN

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

₺107.80
Price
₺112.15
GF Value