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Turkcell Iletisim Hizmetleri AS (IST:TCELL) Cyclically Adjusted Book per Share : ₺23.26 (As of Mar. 2025)


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What is Turkcell Iletisim Hizmetleri 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.

Turkcell Iletisim Hizmetleri AS's adjusted book value per share for the three months ended in Mar. 2025 was ₺96.319. 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 ₺23.26 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Turkcell Iletisim Hizmetleri AS's average Cyclically Adjusted Book Growth Rate was 52.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 33.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 24.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.20% 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 Turkcell Iletisim Hizmetleri AS was 33.40% per year. The lowest was 7.10% per year. And the median was 14.80% per year.

As of today (2025-05-31), Turkcell Iletisim Hizmetleri AS's current stock price is ₺94.85. Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₺23.26. Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PB Ratio of today is 4.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Turkcell Iletisim Hizmetleri AS was 6.61. The lowest was 1.67. And the median was 2.22.


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted Book per Share Historical Data

The historical data trend for Turkcell Iletisim Hizmetleri 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.

Turkcell Iletisim Hizmetleri AS Cyclically Adjusted Book per Share Chart

Turkcell Iletisim Hizmetleri AS Annual Data
Trend Dec15 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 7.32 8.72 10.70 13.58 20.72

Turkcell Iletisim Hizmetleri 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 15.28 16.92 18.77 20.72 23.26

Competitive Comparison of Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted Book per Share

For the Telecom Services subindustry, Turkcell Iletisim Hizmetleri 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.


Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PB Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PB Ratio falls into.


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Turkcell Iletisim Hizmetleri 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, Turkcell Iletisim Hizmetleri 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)
=96.319/134.9266*134.9266
=96.319

Current CPI (Mar. 2025) = 134.9266.

Turkcell Iletisim Hizmetleri AS Quarterly Data

Book Value per Share CPI Adj_Book
201506 6.458 100.684 8.654
201509 6.236 100.392 8.381
201512 6.525 99.792 8.822
201603 6.744 100.470 9.057
201606 6.958 101.688 9.232
201609 7.023 101.861 9.303
201612 7.301 101.863 9.671
201703 7.525 102.862 9.871
201706 6.457 103.349 8.430
201709 6.733 104.136 8.724
201712 6.834 104.011 8.865
201803 6.477 105.290 8.300
201806 6.795 106.317 8.624
201809 6.754 106.507 8.556
201812 7.265 105.998 9.248
201903 7.735 107.251 9.731
201906 7.882 108.070 9.841
201909 7.957 108.329 9.911
201912 8.263 108.420 10.283
202003 8.553 108.902 10.597
202006 8.947 108.767 11.099
202009 9.294 109.815 11.419
202012 9.521 109.897 11.689
202103 9.956 111.754 12.020
202106 9.277 114.631 10.919
202109 0.000 115.734 0.000
202112 29.942 117.630 34.345
202203 10.709 121.301 11.912
202206 10.917 125.017 11.782
202209 11.701 125.227 12.607
202212 50.122 125.222 54.006
202303 15.512 127.348 16.435
202306 17.200 128.729 18.028
202309 18.777 129.860 19.510
202312 80.885 129.419 84.327
202403 65.745 131.776 67.317
202406 69.800 132.554 71.049
202409 80.069 133.029 81.211
202412 85.800 133.157 86.940
202503 96.319 134.927 96.319

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


Turkcell Iletisim Hizmetleri AS  (IST:TCELL) 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.

Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=94.85/23.26
=4.08

* 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 Turkcell Iletisim Hizmetleri AS was 6.61. The lowest was 1.67. And the median was 2.22.


Be Aware

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


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted Book per Share Related Terms

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


Turkcell Iletisim Hizmetleri AS Business Description

Traded in Other Exchanges
Address
Aydinevler Mahallesi Inonu Caddesi No. 20, Kucukyali Ofispark B Blok, Turkcell Kucukyali Plaza, Maltepe, Istanbul, TUR, 34854
Turkcell Iletisim Hizmetleri AS provides mobile telephone services in Turkey. The firm's services portfolio includes high-quality mobile and fixed voice, data, TV, and digital services over its network. The firm also operates in the Turkish Republic of Northern Cyprus, Belarus, the Netherlands, and Ukraine. It has three main reportable segments: Turkcell Turkiye, Turkcell International, and Techfin. The Turkcell Turkiye segment, which derives the majority of revenue, comprises mainly telecommunication and technology services activities.

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