Yapi Ve Kredi Bankasi AS (IST:YKBNK) Cyclically Adjusted Book per Share: ₺12.85 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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IST:YKBNK Yapi Ve Kredi Bankasi AS IST:YKBNK
65 GF Score
Price ₺32.76
GF Value ₺21.05
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Yapi Ve Kredi Bankasi AS Cyclically Adjusted Book per Share?

Yapi Ve Kredi Bankasi AS IST:YKBNK +5.68% 65 Cyclically Adjusted Book per Share is ₺12.85 as of Mar. 2026. GuruFocus rates IST:YKBNK with a GF Score™ of 65/100 and a GF Value™ of ₺21.05 (Significantly Overvalued). The stock has 3 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.

Yapi Ve Kredi Bankasi AS's adjusted book value per share for the three months ended in Mar. 2026 was ₺32.097. 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 ₺12.85 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Yapi Ve Kredi Bankasi AS's average Cyclically Adjusted Book Growth Rate was 26.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 26.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 25.80% 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 Yapi Ve Kredi Bankasi AS was 28.40% per year. The lowest was 19.70% per year. And the median was 25.50% per year.

As of today (2026-08-01), Yapi Ve Kredi Bankasi AS's current stock price is ₺32.76. Yapi Ve Kredi Bankasi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺12.85. Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio of today is 2.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Yapi Ve Kredi Bankasi AS was 4.29. The lowest was 0.51. And the median was 1.53.


Yapi Ve Kredi Bankasi AS  (IST:YKBNK) 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.

Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32.76/12.85
=2.55

* 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 Yapi Ve Kredi Bankasi AS was 4.29. The lowest was 0.51. And the median was 1.53.


Be Aware

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


Yapi Ve Kredi Bankasi AS Cyclically Adjusted Book per Share Related Terms


Yapi Ve Kredi Bankasi AS Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Yapi Ve Kredi Bankasi 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.

Yapi Ve Kredi Bankasi AS Cyclically Adjusted Book per Share Chart

Yapi Ve Kredi Bankasi 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 4.56 5.89 7.61 9.66 11.94

Yapi Ve Kredi Bankasi AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 10.16 10.81 11.33 11.94 12.85

Yapi Ve Kredi Bankasi AS Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Yapi Ve Kredi Bankasi 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.


Yapi Ve Kredi Bankasi AS Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Yapi Ve Kredi Bankasi AS's Cyclically Adjusted PB Ratio falls into.


IST:YKBNK
65GF Score
Yapi Ve Kredi Bankasi AS IST:YKBNK
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Yapi Ve Kredi Bankasi 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, Yapi Ve Kredi Bankasi AS's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=32.097/330.2130*330.2130
=32.097

Current CPI (Mar. 2026) = 330.2130.

Yapi Ve Kredi Bankasi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.602 241.018 4.935
201609 3.707 241.428 5.070
201612 3.870 241.432 5.293
201703 4.104 243.801 5.559
201706 4.327 244.955 5.833
201709 4.293 246.819 5.743
201712 4.460 246.524 5.974
201803 3.741 249.554 4.950
201806 4.475 251.989 5.864
201809 4.772 252.439 6.242
201812 4.618 251.233 6.070
201903 4.626 254.202 6.009
201906 4.796 256.143 6.183
201909 4.760 256.759 6.122
201912 4.876 256.974 6.266
202003 4.966 258.115 6.353
202006 5.224 257.797 6.691
202009 5.531 260.280 7.017
202012 5.631 260.474 7.139
202103 6.010 264.877 7.492
202106 6.205 271.696 7.541
202109 6.603 274.310 7.949
202112 7.516 278.802 8.902
202203 8.318 287.504 9.554
202206 11.180 296.311 12.459
202209 13.321 296.808 14.820
202212 14.947 296.797 16.630
202303 15.562 301.836 17.025
202306 16.487 305.109 17.844
202309 19.206 307.789 20.605
202312 21.176 306.746 22.796
202403 21.379 312.332 22.603
202406 21.676 314.175 22.783
202409 22.609 315.301 23.678
202412 22.826 315.605 23.883
202503 24.349 319.799 25.142
202506 26.246 322.561 26.869
202509 28.565 324.800 29.041
202512 30.260 324.054 30.835
202603 32.097 330.213 32.097

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 ₺12.85 mean?
Yapi Ve Kredi Bankasi AS (IST:YKBNK) has a Cyclically Adjusted Book per Share of ₺12.85 as of Mar. 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 Yapi Ve Kredi Bankasi AS and its competitors.
Is Yapi Ve Kredi Bankasi AS's Cyclically Adjusted Book per Share too high?
Yapi Ve Kredi Bankasi AS's current Cyclically Adjusted Book per Share is ₺12.85. Overall, Yapi Ve Kredi Bankasi AS has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yapi Ve Kredi Bankasi AS's Cyclically Adjusted Book per Share compare to competitors?
Yapi Ve Kredi Bankasi AS's Cyclically Adjusted Book per Share of ₺12.85 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 Yapi Ve Kredi Bankasi AS and its competitors. Yapi Ve Kredi Bankasi AS's current Cyclically Adjusted Book per Share is ₺12.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yapi Ve Kredi Bankasi AS stock overvalued right now?
Based on GuruFocus' analysis, Yapi Ve Kredi Bankasi AS (IST:YKBNK) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺21.05, compared to a current price of ₺32.76 — trading 55.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is ₺12.85. Yapi Ve Kredi Bankasi AS's overall GF Score™ is 65/100 with 3 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 Yapi Ve Kredi Bankasi AS (IST:YKBNK), the current Cyclically Adjusted Book per Share is ₺12.85 as of Mar. 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 Yapi Ve Kredi Bankasi AS (IST:YKBNK) Overvalued in 2026?

Based on GuruFocus' analysis, Yapi Ve Kredi Bankasi AS stock appears to be overvalued. The current stock price of ₺32.76 is trading 55.6% above its estimated GF Value™ of ₺21.05. GuruFocus considers Yapi Ve Kredi Bankasi AS to be Significantly Overvalued.

Key valuation signals for IST:YKBNK:

  • Cyclically Adjusted Book per Share: ₺12.85
  • GF Value™: ₺21.05 vs. price of ₺32.76 (55.6% above fair value)
  • GF Score™: 65/100 with 3 warning signs

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


Yapi Ve Kredi Bankasi AS Business Description

Address Yap Kredi Plaza D Blok Levent, Istanbul, TUR, 34330
Yapi Ve Kredi Bankasi AS is a private capital commercial bank authorised to perform all banking, economic, financial and commercial activities. The company's operating segments are Retail Banking, Corporate Banking, Commercial and SME Banking, Treasury asset-liability management and other. The company generates majority of revenue from retail Banking activities which include card payment systems, individual, individual portfolio, blue class, private banking. Retail Banking products and services offered to customers include card payment systems, consumer loans, commercial installment loans, time and demand deposits, gold banking, investment accounts, life and non-life insurance products and payroll services. It generates majority of income from Domestic country.
65GF Score

Get the complete analysis for IST:YKBNK

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

₺32.76
Price
₺21.05
GF Value