Eregli Demir Ve Celik Fabrikalari TAS (FRA:EDVA) Cyclically Adjusted PB Ratio: (As of Aug. 11, 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.

FRA:EDVA Eregli Demir Ve Celik Fabrikalari TAS FRA:EDVA
91 GF Score
Price €7.25
GF Value €5.19
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Eregli Demir Ve Celik Fabrikalari TAS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Eregli Demir Ve Celik Fabrikalari TAS  (FRA:EDVA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Eregli Demir Ve Celik Fabrikalari TAS Cyclically Adjusted PB Ratio Related Terms


Eregli Demir Ve Celik Fabrikalari TAS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eregli Demir Ve Celik Fabrikalari TAS's Cyclically Adjusted PB Ratio 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.

Eregli Demir Ve Celik Fabrikalari TAS Cyclically Adjusted PB Ratio Chart

Eregli Demir Ve Celik Fabrikalari TAS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 4.14 2.81 2.29 1.62

Eregli Demir Ve Celik Fabrikalari TAS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 2.10 2.13 1.62 1.76 0.00

FRA:EDVA vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Eregli Demir Ve Celik Fabrikalari TAS'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.


Eregli Demir Ve Celik Fabrikalari TAS Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Eregli Demir Ve Celik Fabrikalari TAS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Eregli Demir Ve Celik Fabrikalari TAS's Cyclically Adjusted PB Ratio falls into.


FRA:EDVA
91GF Score
Eregli Demir Ve Celik Fabrikalari TAS FRA:EDVA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eregli Demir Ve Celik Fabrikalari TAS Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Eregli Demir Ve Celik Fabrikalari TAS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Eregli Demir Ve Celik Fabrikalari TAS'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)
=8.902/333.9520*333.9520
=8.902

Current CPI (Jun. 2026) = 333.9520.

Eregli Demir Ve Celik Fabrikalari TAS Quarterly Data

Book Value per Share CPI Adj_Book
201609 5.518 241.428 7.633
201612 6.077 241.432 8.406
201703 5.709 243.801 7.820
201706 5.771 244.955 7.868
201709 5.860 246.819 7.929
201712 6.055 246.524 8.202
201803 5.474 249.554 7.325
201806 6.043 251.989 8.009
201809 6.036 252.439 7.985
201812 6.913 251.233 9.189
201903 6.342 254.202 8.332
201906 6.367 256.143 8.301
201909 6.735 256.759 8.760
201912 6.869 256.974 8.927
202003 7.050 258.115 9.121
202006 6.840 257.797 8.861
202009 6.681 260.280 8.572
202012 6.254 260.474 8.018
202103 6.617 264.877 8.343
202106 6.516 271.696 8.009
202109 7.635 274.310 9.295
202112 7.918 278.802 9.484
202203 7.417 287.504 8.615
202206 8.095 296.311 9.123
202209 9.057 296.808 10.190
202212 8.625 296.797 9.705
202303 8.583 301.836 9.496
202306 8.771 305.109 9.600
202309 8.278 307.789 8.982
202312 8.697 306.746 9.468
202403 8.892 312.332 9.508
202406 9.191 314.175 9.770
202409 8.908 315.301 9.435
202412 9.627 315.605 10.187
202503 9.363 319.799 9.777
202506 8.728 322.561 9.036
202509 8.590 324.800 8.832
202512 8.573 324.054 8.835
202603 8.614 330.213 8.712
202606 8.902 333.952 8.902

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

Is Eregli Demir Ve Celik Fabrikalari TAS (FRA:EDVA) Overvalued in 2026?

Based on GuruFocus' analysis, Eregli Demir Ve Celik Fabrikalari TAS stock appears to be overvalued. The current stock price of €7.25 is trading 39.7% above its estimated GF Value™ of €5.19. GuruFocus considers Eregli Demir Ve Celik Fabrikalari TAS to be Significantly Overvalued.

Key valuation signals for FRA:EDVA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €5.19 vs. price of €7.25 (39.7% above fair value)
  • GF Score™: 91/100 with 8 warning signs

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


Eregli Demir Ve Celik Fabrikalari TAS Business Description

Other Exchanges ERELY:USAEREGL:Turkey
Address Barbaros Mahallesi Ardic Sok No: 6, Atasehir, Istanbul, TUR, 34746
Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market.
91GF Score

Get the complete analysis for FRA:EDVA

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

€7.25
Price
€5.19
GF Value