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Akis Gayrimenkul Yatirim Ortakligi AS (IST:AKSGY) Cyclically Adjusted PB Ratio : 2.36 (As of Jan. 18, 2025)


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What is Akis Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Akis Gayrimenkul Yatirim Ortakligi AS's current share price is ₺7.42. Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was ₺3.14. Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 2.36.

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

IST:AKSGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 1.08   Max: 2.56
Current: 2.32

During the past years, Akis Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 0.36. And the median was 1.08.

IST:AKSGY's Cyclically Adjusted PB Ratio is ranked worse than
88.52% of 514 companies
in the REITs industry
Industry Median: 0.8 vs IST:AKSGY: 2.32

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.

Akis Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Sep. 2024 was ₺12.054. 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 ₺3.14 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Akis Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Akis Gayrimenkul Yatirim Ortakligi 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.

* Premium members only.

Akis Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Akis Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.37 1.42 1.68

Akis Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.97 1.68 2.10 2.18 2.05

Competitive Comparison of Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Akis Gayrimenkul Yatirim Ortakligi 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.


Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

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



Akis Gayrimenkul Yatirim Ortakligi 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.42/3.14
=2.36

* 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.

Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Akis Gayrimenkul Yatirim Ortakligi AS's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=12.054/133.0289*133.0289
=12.054

Current CPI (Sep. 2024) = 133.0289.

Akis Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.847 99.070 1.137
201503 0.833 99.621 1.112
201506 0.807 100.684 1.066
201509 0.806 100.392 1.068
201512 1.072 99.792 1.429
201603 1.046 100.470 1.385
201606 1.083 101.688 1.417
201609 1.076 101.861 1.405
201612 1.217 101.863 1.589
201703 1.122 102.862 1.451
201706 1.080 103.349 1.390
201709 1.087 104.136 1.389
201712 1.188 104.011 1.519
201803 2.107 105.290 2.662
201806 2.608 106.317 3.263
201809 3.108 106.507 3.882
201812 1.730 105.998 2.171
201903 1.715 107.251 2.127
201906 1.790 108.070 2.203
201909 1.856 108.329 2.279
201912 1.915 108.420 2.350
202003 1.874 108.902 2.289
202006 1.824 108.767 2.231
202009 1.722 109.815 2.086
202012 1.718 109.897 2.080
202103 1.506 111.754 1.793
202106 1.472 114.631 1.708
202109 1.500 115.734 1.724
202112 1.714 117.630 1.938
202203 1.654 121.301 1.814
202206 2.894 125.017 3.079
202209 2.878 125.227 3.057
202212 6.999 125.222 7.435
202303 4.094 127.348 4.277
202306 4.991 128.729 5.158
202309 5.130 129.860 5.255
202312 8.378 129.419 8.612
202403 9.854 131.776 9.948
202406 10.869 132.554 10.908
202409 12.054 133.029 12.054

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.


Akis Gayrimenkul Yatirim Ortakligi AS  (IST:AKSGY) 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.


Akis Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms

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Akis Gayrimenkul Yatirim Ortakligi AS Business Description

Traded in Other Exchanges
N/A
Address
Acibadem Mahallesi Cecen Sokak Number 25, Akasya Shopping Center, Acibadem/Uskudar, Istanbul, TUR, 34660
Akis Gayrimenkul Yatirim Ortakligi AS is a Turkey-based Real Estate Investment Trust. Its portfolio includes Akbati, Street Retail and Investments, Acacia and Akapartman Suadiye.

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