Akis Gayrimenkul Yatirim Ortakligi AS (IST:AKSGY) Cyclically Adjusted PB Ratio: 1.55 (As of Sep. 07, 2026) — Near Median

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IST:AKSGY Akis Gayrimenkul Yatirim Ortakligi AS IST:AKSGY
62 GF Score
Price ₺9.96
GF Value ₺10.37
Valuation Fairly Valued
! 7 Warning Signs
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What is Akis Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

Akis Gayrimenkul Yatirim Ortakligi AS IST:AKSGY +0.10% 62 Cyclically Adjusted PB Ratio is 1.55 as of Sep. 07, 2026, which is 1% above its 10-year median of 1.54. GuruFocus rates IST:AKSGY with a GF Score™ of 62/100 and a GF Value™ of ₺10.37 (Fairly Valued). The stock has 7 warning signs investors should review. Among 551 REITs companies, Akis Gayrimenkul Yatirim Ortakligi AS ranks worse than 84.03% on this metric.

As of today (2026-09-07), Akis Gayrimenkul Yatirim Ortakligi AS's current share price is ₺9.96. Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺6.42. Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 1.55.

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: 1.54   Max: 2.49
Current: 1.55

During the past years, Akis Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 2.49. The lowest was 0.36. And the median was 1.54.

IST:AKSGY's Cyclically Adjusted PB Ratio is ranked worse than
84.03% of 551 companies
in the REITs industry
Industry Median: 0.78 vs IST:AKSGY: 1.55

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 Jun. 2026 was ₺21.736. 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 ₺6.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Akis Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Akis Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Akis Gayrimenkul Yatirim Ortakligi 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 0.37 1.42 1.62 2.06 1.43

Akis Gayrimenkul Yatirim Ortakligi 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 1.47 1.61 1.43 1.52 1.47

IST:AKSGY vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


IST:AKSGY
62GF Score
Akis Gayrimenkul Yatirim Ortakligi AS IST:AKSGY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=9.96/6.42
=1.55

* 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 Jun. 2026 is calculated as:

For example, Akis Gayrimenkul Yatirim Ortakligi 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)
=21.736/333.9520*333.9520
=21.736

Current CPI (Jun. 2026) = 333.9520.

Akis Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.076 241.428 1.488
201612 1.217 241.432 1.683
201703 1.122 243.801 1.537
201706 1.080 244.955 1.472
201709 1.087 246.819 1.471
201712 1.188 246.524 1.609
201803 2.107 249.554 2.820
201806 2.608 251.989 3.456
201809 3.108 252.439 4.112
201812 1.730 251.233 2.300
201903 1.715 254.202 2.253
201906 1.790 256.143 2.334
201909 1.856 256.759 2.414
201912 1.915 256.974 2.489
202003 1.874 258.115 2.425
202006 1.824 257.797 2.363
202009 1.722 260.280 2.209
202012 1.718 260.474 2.203
202103 1.506 264.877 1.899
202106 1.472 271.696 1.809
202109 1.500 274.310 1.826
202112 1.714 278.802 2.053
202203 1.654 287.504 1.921
202206 2.894 296.311 3.262
202209 2.878 296.808 3.238
202212 6.999 296.797 7.875
202303 4.094 301.836 4.530
202306 4.991 305.109 5.463
202309 5.130 307.789 5.566
202312 12.096 306.746 13.169
202403 9.854 312.332 10.536
202406 10.869 314.175 11.553
202409 12.054 315.301 12.767
202412 17.312 315.605 18.318
202503 14.607 319.799 15.253
202506 15.616 322.561 16.167
202509 16.947 324.800 17.425
202512 18.466 324.054 19.030
202603 20.386 330.213 20.617
202606 21.736 333.952 21.736

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 1.55 mean?
Akis Gayrimenkul Yatirim Ortakligi AS (IST:AKSGY) has a Cyclically Adjusted PB Ratio of 1.55 as of Sep. 07, 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 Akis Gayrimenkul Yatirim Ortakligi AS and its competitors. This is near median its historical median of 1.54. Over the past decade, Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 0.36 to 2.49. According to the industry distribution chart, Akis Gayrimenkul Yatirim Ortakligi AS ranks #463 out of 551 companies in the REITs industry, placing it in the top 84%.
Is Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio too high?
Akis Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.55 is near median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.49. The REITs industry median Cyclically Adjusted PB Ratio is 0.78. Akis Gayrimenkul Yatirim Ortakligi AS's value of 1.55 is 98.7% above this industry median. Based on the distribution chart, Akis Gayrimenkul Yatirim Ortakligi AS ranks #463 out of 551 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Akis Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akis Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Akis Gayrimenkul Yatirim Ortakligi AS ranks #463 out of 551 companies for Cyclically Adjusted PB Ratio. This places Akis Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.78. Akis Gayrimenkul Yatirim Ortakligi AS's value of 1.55 is 98.7% above this benchmark. Historically, Akis Gayrimenkul Yatirim Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 0.36 to 2.49 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 0.78, Akis Gayrimenkul Yatirim Ortakligi 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 a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.78, based on 551 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. Akis Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.55 is 98.7% 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 Akis Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akis Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio is 1.55, which is near median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akis Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Akis Gayrimenkul Yatirim Ortakligi AS (IST:AKSGY) is currently considered Fairly Valued. The stock's GF Value™ is ₺10.37, compared to a current price of ₺9.96 — trading 4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.55, which is near median its 10-year median of 1.54 and 98.7% above the REITs industry median of 0.78. Akis Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 62/100 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 Akis Gayrimenkul Yatirim Ortakligi AS (IST:AKSGY), the current Cyclically Adjusted PB Ratio is 1.55 as of Sep. 07, 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 Akis Gayrimenkul Yatirim Ortakligi AS (IST:AKSGY) Overvalued in 2026?

Based on GuruFocus' analysis, Akis Gayrimenkul Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺9.96 is trading 4% below its estimated GF Value™ of ₺10.37. GuruFocus considers Akis Gayrimenkul Yatirim Ortakligi AS to be Fairly Valued.

Key valuation signals for IST:AKSGY:

  • Cyclically Adjusted PB Ratio: 1.55 (near median its 10-year median of 1.54)
  • GF Value™: ₺10.37 vs. price of ₺9.96 (4% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 98.7% above the REITs median (#463 of 551)

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


Akis Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
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.
62GF Score

Get the complete analysis for IST:AKSGY

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

₺9.96
Price
₺10.37
GF Value