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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.
Panora Gayrimenkul Yatirim Ortakligi AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.12%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) 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.
Panora Gayrimenkul Yatirim Ortakligi AS 3-Year ROIIC % Related Terms
Panora Gayrimenkul Yatirim Ortakligi AS 3-Year ROIIC % 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.
Panora Gayrimenkul Yatirim Ortakligi AS 3-Year ROIIC % Chart
Panora Gayrimenkul Yatirim Ortakligi AS Annual Data
IST:PAGYO vs SPG, O, KIM: 3-Year ROIIC % Comparison
For the REIT - Retail subindustry, Panora Gayrimenkul Yatirim Ortakligi 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.
Panora Gayrimenkul Yatirim Ortakligi AS 3-Year ROIIC % vs REITs Industry
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 691.6223288 (Dec. 2025) - 215.894 (Dec. 2022) )
/
( 16305.904 (Dec. 2025) - 4750.238 (Dec. 2022) )
=
475.7283288
/
11555.666
=
4.12%***
* 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.
Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) has a 3-Year ROIIC % of 4.12 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 Panora Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 13% above median its historical median of 3.64. According to the industry distribution chart, Panora Gayrimenkul Yatirim Ortakligi AS ranks #323 out of 684 companies in the REITs industry, placing it in the top 47.2%.
Is Panora Gayrimenkul Yatirim Ortakligi AS's 3-Year ROIIC % too high?
Panora Gayrimenkul Yatirim Ortakligi AS's current 3-Year ROIIC % of 4.12 is 13% above median its 10-year median of 3.64. The REITs industry median 3-Year ROIIC % is 3.64. Panora Gayrimenkul Yatirim Ortakligi AS's value of 4.12 is 13.2% above this industry median. Based on the distribution chart, Panora Gayrimenkul Yatirim Ortakligi AS ranks #323 out of 684 companies in the REITs industry, which is above the industry midpoint. Overall, Panora Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Panora Gayrimenkul Yatirim Ortakligi AS's 3-Year ROIIC % compare to SPG and O?
According to the REITs industry distribution chart, Panora Gayrimenkul Yatirim Ortakligi AS ranks #323 out of 684 companies for 3-Year ROIIC %. This puts Panora Gayrimenkul Yatirim Ortakligi AS in the upper half of its industry. The industry median 3-Year ROIIC % is 3.64. Panora Gayrimenkul Yatirim Ortakligi AS's value of 4.12 is 13.2% above this benchmark. While the company's 10-year median is 3.64 vs. the industry median of 3.64, Panora Gayrimenkul Yatirim Ortakligi 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.64, based on 684 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. Panora Gayrimenkul Yatirim Ortakligi AS's current 3-Year ROIIC % of 4.12 is 13.2% 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 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 Panora Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panora Gayrimenkul Yatirim Ortakligi AS's current 3-Year ROIIC % is 4.12, which is 13% above median its own 10-year median of 3.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panora Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺87.69, compared to a current price of ₺162.60 — trading 85.4% above its estimated fair value. The current 3-Year ROIIC % is 4.12, which is 13% above median its 10-year median of 3.64 and 13.2% above the REITs industry median of 3.64. Panora Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 74/100 with 7 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 Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO), the current 3-Year ROIIC % is 4.12 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 Panora Gayrimenkul Yatirim Ortakligi AS (IST:PAGYO) Overvalued in 2026?
Based on GuruFocus' analysis, Panora Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued.
The current stock price of ₺162.60 is trading 85.4% above its estimated GF Value™ of ₺87.69.
GuruFocus considers Panora Gayrimenkul Yatirim Ortakligi AS to be Significantly Overvalued.
Key valuation signals for IST:PAGYO:
3-Year ROIIC %: 4.12 (13% above median its 10-year median of 3.64)
GF Value™: ₺87.69 vs. price of ₺162.60 (85.4% above fair value)
Industry Position: 13.2% above the REITs median (#323 of 684)
No single metric tells the full story. See the IST:PAGYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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