Aksa Enerji Uretim AS (IST:AKSEN) Cyclically Adjusted PB Ratio: 5.15 (As of Aug. 29, 2026) — Near Median

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IST:AKSEN Aksa Enerji Uretim AS IST:AKSEN
69 GF Score
Price ₺83.35
GF Value ₺40.46
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Aksa Enerji Uretim AS Cyclically Adjusted PB Ratio?

Aksa Enerji Uretim AS IST:AKSEN -0.06% 69 Cyclically Adjusted PB Ratio is 5.15 as of Aug. 29, 2026, which is 5% below its 10-year median of 5.44. GuruFocus rates IST:AKSEN with a GF Score™ of 69/100 and a GF Value™ of ₺40.46 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 263 Utilities - Independent Power Producers companies, Aksa Enerji Uretim AS ranks worse than 92.78% on this metric.

As of today (2026-08-29), Aksa Enerji Uretim AS's current share price is ₺83.35. Aksa Enerji Uretim AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺16.20. Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio for today is 5.15.

The historical rank and industry rank for Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:AKSEN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.57   Med: 5.44   Max: 20.48
Current: 5.02

During the past years, Aksa Enerji Uretim AS's highest Cyclically Adjusted PB Ratio was 20.48. The lowest was 1.57. And the median was 5.44.

IST:AKSEN's Cyclically Adjusted PB Ratio is ranked worse than
92.78% of 263 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.15 vs IST:AKSEN: 5.02

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.

Aksa Enerji Uretim AS's adjusted book value per share data for the three months ended in Jun. 2026 was ₺55.899. 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 ₺16.20 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aksa Enerji Uretim AS  (IST:AKSEN) 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.


Aksa Enerji Uretim AS Cyclically Adjusted PB Ratio Related Terms


Aksa Enerji Uretim AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aksa Enerji Uretim AS'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.

Aksa Enerji Uretim AS Cyclically Adjusted PB Ratio Chart

Aksa Enerji Uretim AS 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 5.63 14.88 5.53 4.47 5.52

Aksa Enerji Uretim AS 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 3.08 3.12 5.52 5.26 5.01

IST:AKSEN vs CEG, VST, NRG: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Independent Power Producers subindustry, Aksa Enerji Uretim 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.


Aksa Enerji Uretim AS Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio falls into.


IST:AKSEN
69GF Score
Aksa Enerji Uretim AS IST:AKSEN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Aksa Enerji Uretim AS 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.

Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=83.35/16.20
=5.15

* 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.

Aksa Enerji Uretim AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Aksa Enerji Uretim AS'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)
=55.899/333.9520*333.9520
=55.899

Current CPI (Jun. 2026) = 333.9520.

Aksa Enerji Uretim AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.638 241.428 0.883
201612 0.402 241.432 0.556
201703 0.315 243.801 0.431
201706 0.298 244.955 0.406
201709 0.303 246.819 0.410
201712 1.308 246.524 1.772
201803 1.387 249.554 1.856
201806 1.486 251.989 1.969
201809 1.554 252.439 2.056
201812 1.334 251.233 1.773
201903 1.512 254.202 1.986
201906 1.605 256.143 2.093
201909 1.612 256.759 2.097
201912 2.846 256.974 3.699
202003 2.950 258.115 3.817
202006 3.188 257.797 4.130
202009 3.519 260.280 4.515
202012 3.440 260.474 4.410
202103 3.771 264.877 4.754
202106 4.069 271.696 5.001
202109 4.349 274.310 5.295
202112 7.870 278.802 9.427
202203 8.919 287.504 10.360
202206 10.596 296.311 11.942
202209 11.406 296.808 12.833
202212 24.080 296.797 27.094
202303 14.957 301.836 16.548
202306 17.765 305.109 19.444
202309 19.059 307.789 20.679
202312 37.356 306.746 40.669
202403 29.379 312.332 31.413
202406 29.391 314.175 31.241
202409 31.388 315.301 33.245
202412 43.382 315.605 45.904
202503 36.852 319.799 38.483
202506 39.906 322.561 41.315
202509 43.491 324.800 44.716
202512 48.567 324.054 50.050
202603 52.304 330.213 52.896
202606 55.899 333.952 55.899

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 5.15 mean?
Aksa Enerji Uretim AS (IST:AKSEN) has a Cyclically Adjusted PB Ratio of 5.15 as of Aug. 29, 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 Aksa Enerji Uretim AS and its competitors. This is near median its historical median of 5.44. Over the past decade, Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio has ranged from 1.57 to 20.48. According to the industry distribution chart, Aksa Enerji Uretim AS ranks #244 out of 263 companies in the Utilities - Independent Power Producers industry, placing it in the top 92.8%.
Is Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio too high?
Aksa Enerji Uretim AS's current Cyclically Adjusted PB Ratio of 5.15 is near median its 10-year median of 5.44. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 20.48. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.15. Aksa Enerji Uretim AS's value of 5.15 is 347.8% above this industry median. Based on the distribution chart, Aksa Enerji Uretim AS ranks #244 out of 263 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Aksa Enerji Uretim AS has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aksa Enerji Uretim AS's Cyclically Adjusted PB Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Aksa Enerji Uretim AS ranks #244 out of 263 companies for Cyclically Adjusted PB Ratio. This places Aksa Enerji Uretim AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Aksa Enerji Uretim AS's value of 5.15 is 347.8% above this benchmark. Historically, Aksa Enerji Uretim AS's own Cyclically Adjusted PB Ratio has ranged from 1.57 to 20.48 over the past decade. While the company's 10-year median is 5.44 vs. the industry median of 1.15, Aksa Enerji Uretim AS 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 an Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.15, based on 263 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. Aksa Enerji Uretim AS's current Cyclically Adjusted PB Ratio of 5.15 is 347.8% 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 Aksa Enerji Uretim AS and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aksa Enerji Uretim AS's current Cyclically Adjusted PB Ratio is 5.15, which is near median its own 10-year median of 5.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aksa Enerji Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, Aksa Enerji Uretim AS (IST:AKSEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺40.46, compared to a current price of ₺83.35 — trading 106% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.15, which is near median its 10-year median of 5.44 and 347.8% above the Utilities - Independent Power Producers industry median of 1.15. Aksa Enerji Uretim AS's overall GF Score™ is 69/100 with 7 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 Aksa Enerji Uretim AS (IST:AKSEN), the current Cyclically Adjusted PB Ratio is 5.15 as of Aug. 29, 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 Aksa Enerji Uretim AS (IST:AKSEN) Overvalued in 2026?

Based on GuruFocus' analysis, Aksa Enerji Uretim AS stock appears to be overvalued. The current stock price of ₺83.35 is trading 106% above its estimated GF Value™ of ₺40.46. GuruFocus considers Aksa Enerji Uretim AS to be Significantly Overvalued.

Key valuation signals for IST:AKSEN:

  • Cyclically Adjusted PB Ratio: 5.15 (near median its 10-year median of 5.44)
  • GF Value™: ₺40.46 vs. price of ₺83.35 (106% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 347.8% above the Utilities - Independent Power Producers median (#244 of 263)

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


Aksa Enerji Uretim AS Business Description

Address Ruzgarlibahce Mahallesi Ozalp Cikmazi No. 10, Kavacik, Beykoz, Istanbul, TUR, 34805
Aksa Enerji Uretim AS is an independent power producer, which engages in the power plant installation process that produces energy from natural gas, lignite, the hydroelectric, wind, and fuel oil. It operates through Turkey, Asia and Africa geographical segment out of which Turkey accounts for a majority of the firm's revenue.
69GF Score

Get the complete analysis for IST:AKSEN

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

₺83.35
Price
₺40.46
GF Value