Celebi Hava Servisi AS (IST:CLEBI) 3-Year ROIIC % : 18.94% (As of Dec. 2025) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:CLEBI Celebi Hava Servisi AS IST:CLEBI
72 GF Score
Price ₺1,525.00
GF Value ₺2,292.20
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Celebi Hava Servisi AS 3-Year ROIIC %?

Celebi Hava Servisi AS IST:CLEBI -1.55% 72 3-Year ROIIC % is 18.94 as of Dec. 2025, which is at its 10-year median of 18.94. GuruFocus rates IST:CLEBI with a GF Score™ of 72/100 and a GF Value™ of ₺2,292.20 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 938 Transportation companies, Celebi Hava Servisi AS ranks better than 78.57% 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. Celebi Hava Servisi AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 18.94%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Celebi Hava Servisi AS's 3-Year ROIIC % or its related term are showing as below:

IST:CLEBI's 3-Year ROIIC % is ranked better than
78.57% of 938 companies
in the Transportation industry
Industry Median: 2.005 vs IST:CLEBI: 18.94

Celebi Hava Servisi AS  (IST:CLEBI) 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.


Celebi Hava Servisi AS 3-Year ROIIC % Related Terms


Celebi Hava Servisi AS 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Celebi Hava Servisi 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.

Celebi Hava Servisi AS 3-Year ROIIC % Chart

Celebi Hava Servisi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.16 24.25 15.91 22.98 18.94

Celebi Hava Servisi AS Quarterly Data
Jun21 Sep21 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 18.94 0.00

IST:CLEBI vs JOBY, CAAP: 3-Year ROIIC % Comparison

For the Airports & Air Services subindustry, Celebi Hava Servisi 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.


Celebi Hava Servisi AS 3-Year ROIIC % vs Transportation Industry

For the Transportation industry and Industrials sector, Celebi Hava Servisi AS's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Celebi Hava Servisi AS's 3-Year ROIIC % falls into.


IST:CLEBI
72GF Score
Celebi Hava Servisi AS IST:CLEBI
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Celebi Hava Servisi AS 3-Year ROIIC % Calculation

Celebi Hava Servisi 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**
=( 3738.850868 (Dec. 2025) - 1241.6920808 (Dec. 2022) )/( 19448.688 (Dec. 2025) - 6267.13 (Dec. 2022) )
=2497.1587872/13181.558
=18.94%***

* 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 18.94 mean?
Celebi Hava Servisi AS (IST:CLEBI) has a 3-Year ROIIC % of 18.94 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 Celebi Hava Servisi AS and its competitors. This is near median its historical median of 18.94. Over the past decade, Celebi Hava Servisi AS's 3-Year ROIIC % has ranged from 2.21 to 35.27. According to the industry distribution chart, Celebi Hava Servisi AS ranks #201 out of 938 companies in the Transportation industry, placing it in the top 21.4%.
Is Celebi Hava Servisi AS's 3-Year ROIIC % too high?
Celebi Hava Servisi AS's current 3-Year ROIIC % of 18.94 is near median its 10-year median of 18.94. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 35.27. The Transportation industry median 3-Year ROIIC % is 2.01. Celebi Hava Servisi AS's value of 18.94 is 844.6% above this industry median. Based on the distribution chart, Celebi Hava Servisi AS ranks #201 out of 938 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Celebi Hava Servisi AS has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celebi Hava Servisi AS's 3-Year ROIIC % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Celebi Hava Servisi AS ranks #201 out of 938 companies for 3-Year ROIIC %. This places Celebi Hava Servisi AS in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.01. Celebi Hava Servisi AS's value of 18.94 is 844.6% above this benchmark. Historically, Celebi Hava Servisi AS's own 3-Year ROIIC % has ranged from 2.21 to 35.27 over the past decade. While the company's 10-year median is 18.94 vs. the industry median of 2.01, Celebi Hava Servisi 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 Transportation company?
The median 3-Year ROIIC % among Transportation companies is 2.01, based on 938 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. Celebi Hava Servisi AS's current 3-Year ROIIC % of 18.94 is 844.6% 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 Celebi Hava Servisi AS and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celebi Hava Servisi AS's current 3-Year ROIIC % is 18.94, which is near median its own 10-year median of 18.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celebi Hava Servisi AS stock overvalued right now?
Based on GuruFocus' analysis, Celebi Hava Servisi AS (IST:CLEBI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺2,292.20, compared to a current price of ₺1,525.00 — trading 33.5% below its estimated fair value. The current 3-Year ROIIC % is 18.94, which is near median its 10-year median of 18.94 and 844.6% above the Transportation industry median of 2.01. Celebi Hava Servisi AS's overall GF Score™ is 72/100 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 Celebi Hava Servisi AS (IST:CLEBI), the current 3-Year ROIIC % is 18.94 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 Celebi Hava Servisi AS (IST:CLEBI) Overvalued in 2026?

Based on GuruFocus' analysis, Celebi Hava Servisi AS stock appears to be undervalued. The current stock price of ₺1,525.00 is trading 33.5% below its estimated GF Value™ of ₺2,292.20. GuruFocus considers Celebi Hava Servisi AS to be Significantly Undervalued.

Key valuation signals for IST:CLEBI:

  • 3-Year ROIIC %: 18.94 (near median its 10-year median of 18.94)
  • GF Value™: ₺2,292.20 vs. price of ₺1,525.00 (33.5% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 844.6% above the Transportation median (#201 of 938)

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


Celebi Hava Servisi AS Business Description

Address Tayakadin Mahallesi, Nuri Demirag Caddesi No: 39, Arnavutkoy, Istanbul, TUR, 34768
Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.
72GF Score

Get the complete analysis for IST:CLEBI

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

₺1,525.00
Price
₺2,292.20
GF Value