Buffett Brain · Research note
Score updated 29 Oct 2026
ASELS.IS· Industrials
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi
ASELSAN's high P/E of 57.5 and low owner earnings yield of 0.62% make it an unattractive investment despite strong sector-relative margins.
Buffett fit
Partial fit
Owner
27
Durability
100
Management
49
Price
0
Score updated 29 Oct 2026
Buffett's checklist
Each number against Buffett's bar, and where it ranks among Industrials stocks in our database.
How much profit the business makes on each dollar invested in it. Higher is better.
What is left of each sale after the cost of making the product. A high number often means pricing power.
The cash the business earns for its owners, compared with the price of the whole company.
How fast sales grew each year over the last five years.
How many years of today's profit you pay for at today's price. Lower means cheaper.
How much the company owes compared with what it owns outright. Lower is safer.
The four pillars
How the business measures up on each of Buffett's four tests.
If we owned ASELSAN entirely, we'd focus on maintaining its profitability and exploring growth through strategic partnerships and government contracts.
The full reasoning comes with a free account.
ASELSAN's durability is supported by its consistent profitability over the last five years.
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The share count has been stable with a 0% CAGR over five years, suggesting no dilution.
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The current earnings yield of 1.74% and yield of 0.62% are far below our desired 8-10% for a no-brainer entry point.
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- The full reasoning behind all four pillars
- The 5-year price target and the return it implies
- What would change the call
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For and against
The strongest points on each side, with the numbers behind them.
In its favor
5- 1 of 22.9% is top-quintile in the sector.
- 2Net margin of 16.6% is also top-quintile, indicating strong profitability.
- 3Debt/Equity ratio of 0.17 reflects conservative .
- 4Interest coverage ratio of 5.2 suggests adequate ability to cover interest expenses.
Concerns
5- 1 ratio of 57.5 indicates a high valuation with growth expectations.
- 2 yield of 0.62% is significantly below the desired threshold.
- 3 of 8.3% is below the sector top-quintile cutoff of 13.6%.
- 4 of 31.8% is below the sector top-quintile of 43.4%.
Price history
$359+4,188.3%· 5-year return
Weekly closing prices. Touch or hover the line for a date.
The business
How the business works
ASELSAN operates in six divisions, focusing on defense and technology solutions in Turkey. The company reported a TTM revenue of $180.44B, with a net income of $29.95B, indicating a net margin of 16.6%. Operating in the aerospace and defense industry, ASELSAN benefits from government contracts and defense spending. The unit economics show a strong of 22.9%, which is top-quintile in its sector.
How this analysis has moved
The call has held across 6 reviews.
Sep 27, 2026 → Oct 29, 2026
What other investors would say
The same company, judged by three other documented playbooks.
Keep researching
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Questions about ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi
- Is ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi undervalued?
- Would Buffett buy ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi?
- How strong is ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi's competitive advantage?
- Is ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi financially healthy?
- Is ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi halal?
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