Buffett Brain · Research note
Score updated 23 Oct 2026
TUPRS.IS· Energy
Türkiye Petrol Rafinerileri A.S.
Türkiye Petrol Rafinerileri's valuation is attractive, but weak margins and negative EPS growth raise concerns.
Buffett fit
Weak fit
Owner
25
Durability
40
Management
58
Price
76
Score updated 23 Oct 2026
Buffett's checklist
Each number against Buffett's bar, and where it ranks among Energy 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.
Owning 100% of Türkiye Petrol Rafinerileri would involve navigating a volatile industry with a 5-year EPS CAGR of -28.55% and of 17.2% (5y avg), which is top-quintile in its sector.
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In the next 10 years, Türkiye Petrol Rafinerileri's durability depends on managing oil price volatility and regulatory risks.
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Management has increased the share count by 9.7% over 5 years, indicating potential dilution.
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With a of 15.4 and an yield of 6.67%, the valuation appears reasonable.
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For and against
The strongest points on each side, with the numbers behind them.
In its favor
5- 1 (5y avg) of 17.2% is top-quintile within the energy sector.
- 2Debt/Equity ratio of 0.14 indicates conservative .
- 3Net debt/EBITDA of -0.55 shows a net cash position.
- 4/Net Income ratio of 1.03 suggests high earnings quality.
Concerns
5- 15-year EPS CAGR of -28.55% indicates declining profitability.
- 2 of 9.8% is significantly below sector top-quintile.
- 3Share count CAGR of 9.7% suggests shareholder dilution.
- 4Current ratio of 1.40 is below the preferred 1.5 threshold.
Price history
$352+1,663.8%· 5-year return
Weekly closing prices. Touch or hover the line for a date.
The business
How the business works
Türkiye Petrol Rafinerileri A.S. operates in the procurement and refining of crude oil and petroleum products. With revenue of $830.36B, the company engages in refining and marketing petroleum products, including gasoline, diesel, and base oils. The refining segment is capital-intensive, with at 9.8%, indicating low . The unit economics are challenged by the cyclical nature of oil prices.
How this analysis has moved
The call has held across 2 reviews.
Oct 18, 2026 → Oct 22, 2026
What other investors would say
The same company, judged by three other documented playbooks.
Keep researching
Similar companies in Energy
Questions about Türkiye Petrol Rafinerileri A.S.
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