Karel Elektroniknayi ve Ticaret AS (IST:KAREL) Cyclically Adjusted Book per Share: ₺1.28 (As of Jun. 2026)

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IST:KAREL Karel Elektronik Sanayi ve Ticaret AS IST:KAREL
67 GF Score
Price ₺9.00
GF Value ₺16.22
Valuation Possible Value Trap
! 9 Warning Signs
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What is Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted Book per Share?

Karel Elektroniknayi ve Ticaret AS IST:KAREL -3.95% 67 Cyclically Adjusted Book per Share is ₺1.28 as of Jun. 2026. GuruFocus rates IST:KAREL with a GF Score™ of 67/100 and a GF Value™ of ₺16.22 (Possible Value Trap). The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Karel Elektroniknayi ve Ticaret AS's adjusted book value per share for the three months ended in Jun. 2026 was ₺1.406. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₺1.28 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Karel Elektroniknayi ve Ticaret AS's average Cyclically Adjusted Book Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 32.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 33.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Karel Elektroniknayi ve Ticaret AS was 39.30% per year. The lowest was 25.20% per year. And the median was 32.60% per year.

As of today (2026-08-23), Karel Elektroniknayi ve Ticaret AS's current stock price is ₺9.00. Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺1.28. Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted PB Ratio of today is 7.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Karel Elektroniknayi ve Ticaret AS was 28.88. The lowest was 3.07. And the median was 8.32.


Karel Elektroniknayi ve Ticaret AS  (IST:KAREL) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=9.00/1.28
=7.03

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Karel Elektroniknayi ve Ticaret AS was 28.88. The lowest was 3.07. And the median was 8.32.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted Book per Share Related Terms


Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Book per Share 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.

Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted Book per Share Chart

Karel Elektroniknayi ve Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.51 0.70 1.00 1.19

Karel Elektroniknayi ve Ticaret AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 1.12 1.16 1.19 1.24 1.28

IST:KAREL vs CSCO, MSI, HPE: Cyclically Adjusted Book per Share Comparison

For the Communication Equipment subindustry, Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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.


Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:KAREL
67GF Score
Karel Elektronik Sanayi ve Ticaret AS IST:KAREL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Karel Elektroniknayi ve Ticaret AS's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.406/333.9520*333.9520
=1.406

Current CPI (Jun. 2026) = 333.9520.

Karel Elektroniknayi ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.237 241.428 0.328
201612 0.235 241.432 0.325
201703 0.243 243.801 0.333
201706 0.261 244.955 0.356
201709 0.270 246.819 0.365
201712 0.275 246.524 0.373
201803 0.282 249.554 0.377
201806 0.285 251.989 0.378
201809 0.249 252.439 0.329
201812 0.361 251.233 0.480
201903 0.372 254.202 0.489
201906 0.420 256.143 0.548
201909 0.464 256.759 0.603
201912 0.506 256.974 0.658
202003 0.512 258.115 0.662
202006 0.541 257.797 0.701
202009 0.576 260.280 0.739
202012 0.663 260.474 0.850
202103 0.694 264.877 0.875
202106 0.729 271.696 0.896
202109 0.775 274.310 0.944
202112 0.755 278.802 0.904
202203 0.847 287.504 0.984
202206 0.958 296.311 1.080
202209 0.969 296.808 1.090
202212 2.673 296.797 3.008
202303 0.960 301.836 1.062
202306 0.976 305.109 1.068
202309 1.235 307.789 1.340
202312 4.821 306.746 5.249
202403 3.261 312.332 3.487
202406 3.190 314.175 3.391
202409 2.948 315.301 3.122
202412 3.069 315.605 3.247
202503 2.135 319.799 2.229
202506 2.043 322.561 2.115
202509 1.595 324.800 1.640
202512 1.574 324.054 1.622
202603 1.370 330.213 1.386
202606 1.406 333.952 1.406

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of ₺1.28 mean?
Karel Elektroniknayi ve Ticaret AS (IST:KAREL) has a Cyclically Adjusted Book per Share of ₺1.28 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Karel Elektroniknayi ve Ticaret AS and its competitors.
Is Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Book per Share too high?
Karel Elektroniknayi ve Ticaret AS's current Cyclically Adjusted Book per Share is ₺1.28. Overall, Karel Elektroniknayi ve Ticaret AS has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Book per Share compare to CSCO and MSI?
Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Book per Share of ₺1.28 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Karel Elektroniknayi ve Ticaret AS and its competitors. Karel Elektroniknayi ve Ticaret AS's current Cyclically Adjusted Book per Share is ₺1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karel Elektroniknayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Karel Elektroniknayi ve Ticaret AS (IST:KAREL) is currently considered Possible Value Trap. The stock's GF Value™ is ₺16.22, compared to a current price of ₺9.00 — trading 44.5% below its estimated fair value. The current Cyclically Adjusted Book per Share is ₺1.28. Karel Elektroniknayi ve Ticaret AS's overall GF Score™ is 67/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Karel Elektroniknayi ve Ticaret AS (IST:KAREL), the current Cyclically Adjusted Book per Share is ₺1.28 as of Jun. 2026. 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 Karel Elektroniknayi ve Ticaret AS (IST:KAREL) Overvalued in 2026?

Based on GuruFocus' analysis, Karel Elektroniknayi ve Ticaret AS stock appears to be undervalued. The current stock price of ₺9.00 is trading 44.5% below its estimated GF Value™ of ₺16.22. GuruFocus considers Karel Elektroniknayi ve Ticaret AS to be Possible Value Trap.

Key valuation signals for IST:KAREL:

  • Cyclically Adjusted Book per Share: ₺1.28
  • GF Value™: ₺16.22 vs. price of ₺9.00 (44.5% below fair value)
  • GF Score™: 67/100 with 9 warning signs

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


Karel Elektroniknayi ve Ticaret AS Business Description

Address Korean Martyrs Street, Captain Rock Aldogan Sokak No. 16, Zincirlikuyu, Istanbul, TUR, 34 394
Karel Elektronik Sanayi ve Ticaret AS is a Turkey-based company engaged in designing, developing, producing and marketing telecommunication equipment. The company's products include PBX systems, phones, GSM Terminals, Wireless (DECT) Systems, VoIP and Network Products and Other Products.
67GF Score

Get the complete analysis for IST:KAREL

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺9.00
Price
₺16.22
GF Value