Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Cyclically Adjusted PB Ratio: 0.80 (As of Sep. 06, 2026) — 30% Below Median

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IST:AKFGY Akfen Gayrimenkul Yatirim Ortakligi IST:AKFGY
55 GF Score
Price ₺2.52
GF Value ₺2.47
Valuation Fairly Valued
! 5 Warning Signs
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What is Akfen Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio?

Akfen Gayrimenkul Yatirim Ortakligi IST:AKFGY +0.40% 55 Cyclically Adjusted PB Ratio is 0.80 as of Sep. 06, 2026, which is 30% below its 10-year median of 1.15. GuruFocus rates IST:AKFGY with a GF Score™ of 55/100 and a GF Value™ of ₺2.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 549 REITs companies, Akfen Gayrimenkul Yatirim Ortakligi ranks worse than 51.37% on this metric.

As of today (2026-09-06), Akfen Gayrimenkul Yatirim Ortakligi's current share price is ₺2.52. Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺3.15. Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio for today is 0.80.

The historical rank and industry rank for Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:AKFGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.43   Med: 1.15   Max: 5.13
Current: 0.8

During the past years, Akfen Gayrimenkul Yatirim Ortakligi's highest Cyclically Adjusted PB Ratio was 5.13. The lowest was 0.43. And the median was 1.15.

IST:AKFGY's Cyclically Adjusted PB Ratio is ranked worse than
51.37% of 549 companies
in the REITs industry
Industry Median: 0.79 vs IST:AKFGY: 0.80

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.

Akfen Gayrimenkul Yatirim Ortakligi's adjusted book value per share data for the three months ended in Jun. 2026 was ₺9.820. 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 ₺3.15 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Akfen Gayrimenkul Yatirim Ortakligi  (IST:AKFGY) 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.


Akfen Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio Related Terms


Akfen Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Akfen Gayrimenkul Yatirim Ortakligi'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.

Akfen Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio Chart

Akfen Gayrimenkul Yatirim Ortakligi 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 4.24 2.39 1.36 1.06 0.97

Akfen Gayrimenkul Yatirim Ortakligi 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 1.12 1.08 0.97 0.92 0.88

IST:AKFGY vs HST, RHP, APLE: Cyclically Adjusted PB Ratio Comparison

For the REIT - Hotel & Motel subindustry, Akfen Gayrimenkul Yatirim Ortakligi'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.


Akfen Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio falls into.


IST:AKFGY
55GF Score
Akfen Gayrimenkul Yatirim Ortakligi IST:AKFGY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Akfen Gayrimenkul Yatirim Ortakligi 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.

Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.52/3.15
=0.80

* 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.

Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Akfen Gayrimenkul Yatirim Ortakligi'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)
=9.82/333.9520*333.9520
=9.820

Current CPI (Jun. 2026) = 333.9520.

Akfen Gayrimenkul Yatirim Ortakligi Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.793 241.428 1.097
201612 0.555 241.432 0.768
201703 0.544 243.801 0.745
201706 0.510 244.955 0.695
201709 0.483 246.819 0.654
201712 0.610 246.524 0.826
201803 0.580 249.554 0.776
201806 0.504 251.989 0.668
201809 0.316 252.439 0.418
201812 0.747 251.233 0.993
201903 0.751 254.202 0.987
201906 0.794 256.143 1.035
201909 0.843 256.759 1.096
201912 0.974 256.974 1.266
202003 0.809 258.115 1.047
202006 0.761 257.797 0.986
202009 0.503 260.280 0.645
202012 0.723 260.474 0.927
202103 0.797 264.877 1.005
202106 0.808 271.696 0.993
202109 0.799 274.310 0.973
202112 1.652 278.802 1.979
202203 1.636 287.504 1.900
202206 2.308 296.311 2.601
202209 2.346 296.808 2.640
202212 4.909 296.797 5.524
202303 2.868 301.836 3.173
202306 3.915 305.109 4.285
202309 3.887 307.789 4.217
202312 5.811 306.746 6.326
202403 4.655 312.332 4.977
202406 5.278 314.175 5.610
202409 5.712 315.301 6.050
202412 7.782 315.605 8.234
202503 6.666 319.799 6.961
202506 7.166 322.561 7.419
202509 7.695 324.800 7.912
202512 8.378 324.054 8.634
202603 9.119 330.213 9.222
202606 9.820 333.952 9.820

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.

What does a Cyclically Adjusted PB Ratio of 0.80 mean?
Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) has a Cyclically Adjusted PB Ratio of 0.80 as of Sep. 06, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Akfen Gayrimenkul Yatirim Ortakligi and its competitors. This is 30% below median its historical median of 1.15. Over the past decade, Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio has ranged from 0.43 to 5.13. According to the industry distribution chart, Akfen Gayrimenkul Yatirim Ortakligi ranks #282 out of 549 companies in the REITs industry, placing it in the top 51.4%.
Is Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio too high?
Akfen Gayrimenkul Yatirim Ortakligi's current Cyclically Adjusted PB Ratio of 0.80 is 30% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 5.13. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Akfen Gayrimenkul Yatirim Ortakligi's value of 0.80 is 1.3% above this industry median. Based on the distribution chart, Akfen Gayrimenkul Yatirim Ortakligi ranks #282 out of 549 companies in the REITs industry, which is below the industry midpoint. Overall, Akfen Gayrimenkul Yatirim Ortakligi has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akfen Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio compare to HST and RHP?
According to the REITs industry distribution chart, Akfen Gayrimenkul Yatirim Ortakligi ranks #282 out of 549 companies for Cyclically Adjusted PB Ratio. This places Akfen Gayrimenkul Yatirim Ortakligi in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. Akfen Gayrimenkul Yatirim Ortakligi's value of 0.80 is 1.3% above this benchmark. Historically, Akfen Gayrimenkul Yatirim Ortakligi's own Cyclically Adjusted PB Ratio has ranged from 0.43 to 5.13 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 0.79, Akfen Gayrimenkul Yatirim Ortakligi has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.79, based on 549 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Akfen Gayrimenkul Yatirim Ortakligi's current Cyclically Adjusted PB Ratio of 0.80 is 1.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Akfen Gayrimenkul Yatirim Ortakligi and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akfen Gayrimenkul Yatirim Ortakligi's current Cyclically Adjusted PB Ratio is 0.80, which is 30% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akfen Gayrimenkul Yatirim Ortakligi stock overvalued right now?
Based on GuruFocus' analysis, Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) is currently considered Fairly Valued. The stock's GF Value™ is ₺2.47, compared to a current price of ₺2.52 — trading 2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.80, which is 30% below median its 10-year median of 1.15 and 1.3% above the REITs industry median of 0.79. Akfen Gayrimenkul Yatirim Ortakligi's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY), the current Cyclically Adjusted PB Ratio is 0.80 as of Sep. 06, 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 Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Overvalued in 2026?

Based on GuruFocus' analysis, Akfen Gayrimenkul Yatirim Ortakligi stock appears to be overvalued. The current stock price of ₺2.52 is trading 2% above its estimated GF Value™ of ₺2.47. GuruFocus considers Akfen Gayrimenkul Yatirim Ortakligi to be Fairly Valued.

Key valuation signals for IST:AKFGY:

  • Cyclically Adjusted PB Ratio: 0.80 (30% below median its 10-year median of 1.15)
  • GF Value™: ₺2.47 vs. price of ₺2.52 (2% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 1.3% above the REITs median (#282 of 549)

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


Akfen Gayrimenkul Yatirim Ortakligi Business Description

Industry Real EstateREITs
Address Levent Loft, Buyukdere Caddesi No. 201, C Blok Kat 8, Istanbul, TUR
Akfen Gayrimenkul Yatirim Ortakligi is a real estate investment trust. The group's main operations and activities are investing in real estates, real estate projects, and real estate-based capital markets instruments and to create and develop a real estate portfolio. The group is mainly developing hotels with Ibis Hotel and Novotel trademarks and leasing the hotels to Tamaris Turizm A.S. It is organized geographically across three principal operating segments: Turkey, Northern Cyprus, and Russia. Geographically the company receives maximum revenue from Turkey.
55GF Score

Get the complete analysis for IST:AKFGY

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

₺2.52
Price
₺2.47
GF Value