Karel Elektroniknayi ve Ticaret AS (IST:KAREL) Cyclically Adjusted FCF per Share: ₺0.90 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:KAREL Karel Elektronik Sanayi ve Ticaret AS IST:KAREL
67 GF Score
Price ₺10.20
GF Value ₺17.88
Valuation Significantly Undervalued
! 9 Warning Signs
View Full Analysis

What is Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted FCF per Share?

Karel Elektroniknayi ve Ticaret AS IST:KAREL +1.49% 67 Cyclically Adjusted FCF per Share is ₺0.90 as of Mar. 2026. GuruFocus rates IST:KAREL with a GF Score™ of 67/100 and a GF Value™ of ₺17.88 (Significantly Undervalued). 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Karel Elektroniknayi ve Ticaret AS's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₺0.898. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₺0.90 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Karel Elektroniknayi ve Ticaret AS's average Cyclically Adjusted FCF Growth Rate was 57.90% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Karel Elektroniknayi ve Ticaret AS was -67.10% per year. The lowest was -67.10% per year. And the median was -67.10% per year.

As of today (2026-07-23), Karel Elektroniknayi ve Ticaret AS's current stock price is ₺10.20. Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₺0.90. Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF of today is 11.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Karel Elektroniknayi ve Ticaret AS was 826.31. The lowest was 9.78. And the median was 21.09.


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

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=10.20/0.90
=11.33

* 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 Price-to-FCF of Karel Elektroniknayi ve Ticaret AS was 826.31. The lowest was 9.78. And the median was 21.09.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


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


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

* Premium members only.

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

Karel Elektroniknayi ve Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.14 0.37 0.41 0.80

Karel Elektroniknayi ve Ticaret 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 FCF 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 0.57 0.55 0.59 0.80 0.90

IST:KAREL vs CSCO, CIEN, MSI: Cyclically Adjusted FCF per Share Comparison

For the Communication Equipment subindustry, Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF vs Hardware Industry

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

* The bar in red indicates where Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted Price-to-FCF falls into.


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

Karel Elektroniknayi ve Ticaret AS Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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 Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.898/330.2130*330.2130
=0.898

Current CPI (Mar. 2026) = 330.2130.

Karel Elektroniknayi ve Ticaret AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.031 241.018 -0.042
201609 -0.036 241.428 -0.049
201612 0.019 241.432 0.026
201703 -0.046 243.801 -0.062
201706 0.003 244.955 0.004
201709 -0.027 246.819 -0.036
201712 -0.011 246.524 -0.015
201803 -0.010 249.554 -0.013
201806 -0.081 251.989 -0.106
201809 -0.121 252.439 -0.158
201812 0.156 251.233 0.205
201903 0.040 254.202 0.052
201906 0.017 256.143 0.022
201909 -0.012 256.759 -0.015
201912 -0.013 256.974 -0.017
202003 -0.027 258.115 -0.035
202006 0.106 257.797 0.136
202009 -0.141 260.280 -0.179
202012 -0.046 260.474 -0.058
202103 -0.036 264.877 -0.045
202106 -0.090 271.696 -0.109
202109 -0.326 274.310 -0.392
202112 -0.256 278.802 -0.303
202203 -0.188 287.504 -0.216
202206 -0.539 296.311 -0.601
202209 0.050 296.808 0.056
202212 0.444 296.797 0.494
202303 -0.004 301.836 -0.004
202306 0.906 305.109 0.981
202309 0.749 307.789 0.804
202312 3.516 306.746 3.785
202403 0.881 312.332 0.931
202406 0.111 314.175 0.117
202409 -0.734 315.301 -0.769
202412 -0.046 315.605 -0.048
202503 1.528 319.799 1.578
202506 -0.220 322.561 -0.225
202509 0.285 324.800 0.290
202512 2.093 324.054 2.133
202603 0.898 330.213 0.898

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of ₺0.90 mean?
Karel Elektroniknayi ve Ticaret AS (IST:KAREL) has a Cyclically Adjusted FCF per Share of ₺0.90 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF 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 FCF per Share too high?
Karel Elektroniknayi ve Ticaret AS's current Cyclically Adjusted FCF per Share is ₺0.90. Overall, Karel Elektroniknayi ve Ticaret AS has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted FCF per Share compare to CSCO and CIEN?
Karel Elektroniknayi ve Ticaret AS's Cyclically Adjusted FCF per Share of ₺0.90 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 FCF per Share for a Hardware company?
A good Cyclically Adjusted FCF per Share depends on the Hardware industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF 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 FCF per Share is ₺0.90. 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 Significantly Undervalued. The stock's GF Value™ is ₺17.88, compared to a current price of ₺10.20 — trading 43% below its estimated fair value. The current Cyclically Adjusted FCF per Share is ₺0.90. 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 FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Karel Elektroniknayi ve Ticaret AS (IST:KAREL), the current Cyclically Adjusted FCF per Share is ₺0.90 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 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 ₺10.20 is trading 43% below its estimated GF Value™ of ₺17.88. GuruFocus considers Karel Elektroniknayi ve Ticaret AS to be Significantly Undervalued.

Key valuation signals for IST:KAREL:

  • Cyclically Adjusted FCF per Share: ₺0.90
  • GF Value™: ₺17.88 vs. price of ₺10.20 (43% 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 FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺10.20
Price
₺17.88
GF Value