Derluks Yatirim Holding AS (IST:DERHL) 3-Year ROIIC % : 0.59% (As of Dec. 2025) — 91% 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:DERHL Derluks Yatirim Holding AS IST:DERHL
76 GF Score
Price ₺11.62
GF Value ₺14.39
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Derluks Yatirim Holding AS 3-Year ROIIC %?

Derluks Yatirim Holding AS IST:DERHL +2.11% 76 3-Year ROIIC % is 0.59 as of Dec. 2025, which is 91% below its 10-year median of 6.75. GuruFocus rates IST:DERHL with a GF Score™ of 76/100 and a GF Value™ of ₺14.39 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,014 Manufacturing - Apparel & Accessories companies, Derluks Yatirim Holding AS ranks worse than 51.87% 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. Derluks Yatirim Holding AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Derluks Yatirim Holding AS's 3-Year ROIIC % or its related term are showing as below:

IST:DERHL's 3-Year ROIIC % is ranked worse than
51.87% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.495 vs IST:DERHL: 0.59

Derluks Yatirim Holding AS  (IST:DERHL) 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.


Derluks Yatirim Holding AS 3-Year ROIIC % Related Terms


Derluks Yatirim Holding AS 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Derluks Yatirim Holding 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.

Derluks Yatirim Holding AS 3-Year ROIIC % Chart

Derluks Yatirim Holding 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 -0.40 6.75 3.97 9.19 0.59

Derluks Yatirim Holding 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 0.59 0.00

IST:DERHL vs RL, LEVI, VFC: 3-Year ROIIC % Comparison

For the Apparel Manufacturing subindustry, Derluks Yatirim Holding 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.


Derluks Yatirim Holding AS 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Derluks Yatirim Holding AS's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Derluks Yatirim Holding AS's 3-Year ROIIC % falls into.


IST:DERHL
76GF Score
Derluks Yatirim Holding AS IST:DERHL
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Derluks Yatirim Holding AS 3-Year ROIIC % Calculation

Derluks Yatirim Holding 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**
=( 120.9312 (Dec. 2025) - 101.8095328 (Dec. 2022) )/( 4706.266 (Dec. 2025) - 1459.006 (Dec. 2022) )
=19.1216672/3247.26
=0.59%***

* 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 0.59 mean?
Derluks Yatirim Holding AS (IST:DERHL) has a 3-Year ROIIC % of 0.59 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 Derluks Yatirim Holding AS and its competitors. This is 91% below median its historical median of 6.75. According to the industry distribution chart, Derluks Yatirim Holding AS ranks #526 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 51.9%.
Is Derluks Yatirim Holding AS's 3-Year ROIIC % too high?
Derluks Yatirim Holding AS's current 3-Year ROIIC % of 0.59 is 91% below median its 10-year median of 6.75. The Manufacturing - Apparel & Accessories industry median 3-Year ROIIC % is 1.50. Derluks Yatirim Holding AS's value of 0.59 is 60.5% below this industry median. Based on the distribution chart, Derluks Yatirim Holding AS ranks #526 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Derluks Yatirim Holding AS has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Derluks Yatirim Holding AS's 3-Year ROIIC % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Derluks Yatirim Holding AS ranks #526 out of 1014 companies for 3-Year ROIIC %. This places Derluks Yatirim Holding AS in the lower half of its industry. The industry median 3-Year ROIIC % is 1.50. Derluks Yatirim Holding AS's value of 0.59 is 60.5% below this benchmark. While the company's 10-year median is 6.75 vs. the industry median of 1.50, Derluks Yatirim Holding 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 3-Year ROIIC % for a Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.50, based on 1,014 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. Derluks Yatirim Holding AS's current 3-Year ROIIC % of 0.59 is 60.5% 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 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 Derluks Yatirim Holding AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Derluks Yatirim Holding AS's current 3-Year ROIIC % is 0.59, which is 91% below median its own 10-year median of 6.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Derluks Yatirim Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Derluks Yatirim Holding AS (IST:DERHL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺14.39, compared to a current price of ₺11.62 — trading 19.2% below its estimated fair value. The current 3-Year ROIIC % is 0.59, which is 91% below median its 10-year median of 6.75 and 60.5% below the Manufacturing - Apparel & Accessories industry median of 1.50. Derluks Yatirim Holding AS's overall GF Score™ is 76/100 with 9 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 Derluks Yatirim Holding AS (IST:DERHL), the current 3-Year ROIIC % is 0.59 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 Derluks Yatirim Holding AS (IST:DERHL) Overvalued in 2026?

Based on GuruFocus' analysis, Derluks Yatirim Holding AS stock appears to be undervalued. The current stock price of ₺11.62 is trading 19.2% below its estimated GF Value™ of ₺14.39. GuruFocus considers Derluks Yatirim Holding AS to be Modestly Undervalued.

Key valuation signals for IST:DERHL:

  • 3-Year ROIIC %: 0.59 (91% below median its 10-year median of 6.75)
  • GF Value™: ₺14.39 vs. price of ₺11.62 (19.2% below fair value)
  • GF Score™: 76/100 with 9 warning signs
  • Industry Position: 60.5% below the Manufacturing - Apparel & Accessories median (#526 of 1014)

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


Derluks Yatirim Holding AS Business Description

Address Kazlicesme Mahallesi, Demirhane Caddesi, Haci Resit Bey Sokak No:11, Istanbul, TUR, 34020
Derluks Yatirim Holding AS is a Turkey-based company focused on the leather industry. It is involved in manufacturing, buying, selling, importing, and exporting leather garments, leather accessories used in products for men, women, and children.
76GF Score

Get the complete analysis for IST:DERHL

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

₺11.62
Price
₺14.39
GF Value