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Koza Altin Izletmeleri AS (IST:KOZAL) Cyclically Adjusted Book per Share : ₺3.55 (As of Mar. 2025)


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What is Koza Altin Izletmeleri AS Cyclically Adjusted Book per Share?

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.

Koza Altin Izletmeleri AS's adjusted book value per share for the three months ended in Mar. 2025 was ₺10.310. 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 ₺3.55 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Koza Altin Izletmeleri AS's average Cyclically Adjusted Book Growth Rate was 37.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 37.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 37.00% 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 Koza Altin Izletmeleri AS was 38.10% per year. The lowest was 37.10% per year. And the median was 37.90% per year.

As of today (2025-05-31), Koza Altin Izletmeleri AS's current stock price is ₺23.16. Koza Altin Izletmeleri AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₺3.55. Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio of today is 6.52.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Koza Altin Izletmeleri AS was 17.42. The lowest was 3.67. And the median was 6.21.


Koza Altin Izletmeleri AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Koza Altin Izletmeleri 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.

* Premium members only.

Koza Altin Izletmeleri AS Cyclically Adjusted Book per Share Chart

Koza Altin Izletmeleri AS Annual Data
Trend Dec14 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 1.24 1.78 2.37 3.25

Koza Altin Izletmeleri AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.59 2.79 3.02 3.25 3.55

Competitive Comparison of Koza Altin Izletmeleri AS's Cyclically Adjusted Book per Share

For the Gold subindustry, Koza Altin Izletmeleri 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.


Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio falls into.


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Koza Altin Izletmeleri 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, Koza Altin Izletmeleri AS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=10.31/134.9266*134.9266
=10.310

Current CPI (Mar. 2025) = 134.9266.

Koza Altin Izletmeleri AS Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.584 99.070 0.795
201503 0.565 99.621 0.765
201506 0.585 100.684 0.784
201509 0.627 100.392 0.843
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 0.733 101.863 0.971
201703 0.000 102.862 0.000
201706 0.817 103.349 1.067
201709 0.859 104.136 1.113
201712 0.879 104.011 1.140
201803 0.924 105.290 1.184
201806 1.035 106.317 1.314
201809 1.186 106.507 1.502
201812 1.245 105.998 1.585
201903 1.347 107.251 1.695
201906 1.476 108.070 1.843
201909 1.640 108.329 2.043
201912 1.798 108.420 2.238
202003 1.920 108.902 2.379
202006 2.066 108.767 2.563
202009 2.248 109.815 2.762
202012 2.362 109.897 2.900
202103 2.568 111.754 3.100
202106 2.781 114.631 3.273
202109 2.945 115.734 3.433
202112 3.300 117.630 3.785
202203 3.628 121.301 4.036
202206 3.853 125.017 4.158
202209 3.428 125.227 3.694
202212 7.267 125.222 7.830
202303 3.920 127.348 4.153
202306 4.285 128.729 4.491
202309 4.397 129.860 4.569
202312 9.296 129.419 9.692
202403 7.223 131.776 7.396
202406 7.772 132.554 7.911
202409 8.690 133.029 8.814
202412 9.234 133.157 9.357
202503 10.310 134.927 10.310

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


Koza Altin Izletmeleri AS  (IST:KOZAL) 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.

Koza Altin Izletmeleri AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.16/3.55
=6.52

* 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 Koza Altin Izletmeleri AS was 17.42. The lowest was 3.67. And the median was 6.21.


Be Aware

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


Koza Altin Izletmeleri AS Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Koza Altin Izletmeleri AS's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Koza Altin Izletmeleri AS Business Description

Traded in Other Exchanges
N/A
Address
Istanbul Yolu, 10 km, No. 310, Fatih Sultan Mehmet Boulevard, Ugur Mumcu Mahallesi, Ankara, TUR, 06370
Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. Its operating mines include an underground mine at Ovacik, a mine in Cukuralan that utilizes both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.

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