Akdeniz Yatirim Holding AS (IST:AKYHO) Cyclically Adjusted PB Ratio: 1.70 (As of Aug. 16, 2026) — 31% Below Median

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.

IST:AKYHO Akdeniz Yatirim Holding AS IST:AKYHO
46 GF Score
Price ₺2.24
GF Value ₺2.41
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Akdeniz Yatirim Holding AS Cyclically Adjusted PB Ratio?

Akdeniz Yatirim Holding AS IST:AKYHO +1.36% 46 Cyclically Adjusted PB Ratio is 1.70 as of Aug. 16, 2026, which is 31% below its 10-year median of 2.45. GuruFocus rates IST:AKYHO with a GF Score™ of 46/100 and a GF Value™ of ₺2.41 (Fairly Valued). The stock has 3 warning signs investors should review. Among 719 Business Services companies, Akdeniz Yatirim Holding AS ranks worse than 53.55% on this metric.

As of today (2026-08-16), Akdeniz Yatirim Holding AS's current share price is ₺2.24. Akdeniz Yatirim Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺1.32. Akdeniz Yatirim Holding AS's Cyclically Adjusted PB Ratio for today is 1.70.

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

IST:AKYHO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.45   Max: 6.32
Current: 1.7

During the past years, Akdeniz Yatirim Holding AS's highest Cyclically Adjusted PB Ratio was 6.32. The lowest was 1.44. And the median was 2.45.

IST:AKYHO's Cyclically Adjusted PB Ratio is ranked worse than
53.55% of 719 companies
in the Business Services industry
Industry Median: 1.54 vs IST:AKYHO: 1.70

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.

Akdeniz Yatirim Holding AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺2.616. 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 ₺1.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Akdeniz Yatirim Holding AS  (IST:AKYHO) 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.


Akdeniz Yatirim Holding AS Cyclically Adjusted PB Ratio Related Terms


Akdeniz Yatirim Holding AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Akdeniz Yatirim Holding 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.

Akdeniz Yatirim Holding AS Cyclically Adjusted PB Ratio Chart

Akdeniz Yatirim Holding 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 1.74 2.50 2.79 2.48 2.20

Akdeniz Yatirim Holding AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
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 2.48 2.71 2.41 2.20 1.90

IST:AKYHO vs ALLE, MSA, ADT: Cyclically Adjusted PB Ratio Comparison

For the Security & Protection Services subindustry, Akdeniz Yatirim Holding 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.


Akdeniz Yatirim Holding AS Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Akdeniz Yatirim Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Akdeniz Yatirim Holding AS's Cyclically Adjusted PB Ratio falls into.


IST:AKYHO
46GF Score
Akdeniz Yatirim Holding AS IST:AKYHO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Akdeniz Yatirim Holding 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.

Akdeniz Yatirim Holding AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.24/1.32
=1.70

* 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.

Akdeniz Yatirim Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Akdeniz Yatirim Holding AS's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.616/330.2130*330.2130
=2.616

Current CPI (Mar. 2026) = 330.2130.

Akdeniz Yatirim Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.513 238.132 0.711
201606 0.533 241.018 0.730
201609 0.556 241.428 0.760
201612 0.520 241.432 0.711
201703 0.536 243.801 0.726
201706 0.502 244.955 0.677
201709 0.519 246.819 0.694
201712 0.768 246.524 1.029
201803 0.661 249.554 0.875
201806 0.664 251.989 0.870
201809 0.660 252.439 0.863
201812 0.660 251.233 0.867
201903 0.638 254.202 0.829
201906 0.654 256.143 0.843
201909 0.653 256.759 0.840
201912 0.513 256.974 0.659
202003 0.461 258.115 0.590
202006 0.456 257.797 0.584
202009 0.439 260.280 0.557
202012 0.280 260.474 0.355
202103 0.670 264.877 0.835
202106 0.000 271.696 0.000
202109 0.697 274.310 0.839
202112 0.724 278.802 0.858
202203 0.760 287.504 0.873
202206 0.754 296.311 0.840
202209 0.755 296.808 0.840
202212 3.005 296.797 3.343
202303 0.957 301.836 1.047
202306 0.882 305.109 0.955
202309 0.841 307.789 0.902
202312 2.728 306.746 2.937
202403 2.764 312.332 2.922
202406 3.121 314.175 3.280
202409 3.431 315.301 3.593
202412 2.698 315.605 2.823
202503 2.105 319.799 2.174
202506 2.366 322.561 2.422
202512 2.460 324.054 2.507
202603 2.616 330.213 2.616

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 1.70 mean?
Akdeniz Yatirim Holding AS (IST:AKYHO) has a Cyclically Adjusted PB Ratio of 1.70 as of Aug. 16, 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 Akdeniz Yatirim Holding AS and its competitors. This is 31% below median its historical median of 2.45. Over the past decade, Akdeniz Yatirim Holding AS's Cyclically Adjusted PB Ratio has ranged from 1.44 to 6.32. According to the industry distribution chart, Akdeniz Yatirim Holding AS ranks #385 out of 719 companies in the Business Services industry, placing it in the top 53.5%.
Is Akdeniz Yatirim Holding AS's Cyclically Adjusted PB Ratio too high?
Akdeniz Yatirim Holding AS's current Cyclically Adjusted PB Ratio of 1.70 is 31% below median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 6.32. The Business Services industry median Cyclically Adjusted PB Ratio is 1.54. Akdeniz Yatirim Holding AS's value of 1.70 is 10.4% above this industry median. Based on the distribution chart, Akdeniz Yatirim Holding AS ranks #385 out of 719 companies in the Business Services industry, which is below the industry midpoint. Overall, Akdeniz Yatirim Holding AS has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akdeniz Yatirim Holding AS's Cyclically Adjusted PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Akdeniz Yatirim Holding AS ranks #385 out of 719 companies for Cyclically Adjusted PB Ratio. This places Akdeniz Yatirim Holding AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Akdeniz Yatirim Holding AS's value of 1.70 is 10.4% above this benchmark. Historically, Akdeniz Yatirim Holding AS's own Cyclically Adjusted PB Ratio has ranged from 1.44 to 6.32 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 1.54, Akdeniz Yatirim Holding 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.54, based on 719 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. Akdeniz Yatirim Holding AS's current Cyclically Adjusted PB Ratio of 1.70 is 10.4% 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 Akdeniz Yatirim Holding AS and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akdeniz Yatirim Holding AS's current Cyclically Adjusted PB Ratio is 1.70, which is 31% below median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akdeniz Yatirim Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Akdeniz Yatirim Holding AS (IST:AKYHO) is currently considered Fairly Valued. The stock's GF Value™ is ₺2.41, compared to a current price of ₺2.24 — trading 7.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.70, which is 31% below median its 10-year median of 2.45 and 10.4% above the Business Services industry median of 1.54. Akdeniz Yatirim Holding AS's overall GF Score™ is 46/100 with 3 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 Akdeniz Yatirim Holding AS (IST:AKYHO), the current Cyclically Adjusted PB Ratio is 1.70 as of Aug. 16, 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 Akdeniz Yatirim Holding AS (IST:AKYHO) Overvalued in 2026?

Based on GuruFocus' analysis, Akdeniz Yatirim Holding AS stock appears to be undervalued. The current stock price of ₺2.24 is trading 7.1% below its estimated GF Value™ of ₺2.41. GuruFocus considers Akdeniz Yatirim Holding AS to be Fairly Valued.

Key valuation signals for IST:AKYHO:

  • Cyclically Adjusted PB Ratio: 1.70 (31% below median its 10-year median of 2.45)
  • GF Value™: ₺2.41 vs. price of ₺2.24 (7.1% below fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 10.4% above the Business Services median (#385 of 719)

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


Akdeniz Yatirim Holding AS Business Description

Address Mahmutbey Mahallesi Tasocagi yolu, Cad. Balance Gunesli No: 19/6, D: 16, Bagcilar, Istanbull, TUR, 34218
Akdeniz Yatirim Holding AS, formerly Akdeniz Guvenlik Hizmetleri A.S. is engaged in the provision of security services. The company provides 24-hour security services for public institutions and organizations, a number of workplaces, housing, facilities, and plazas, among others.
46GF Score

Get the complete analysis for IST:AKYHO

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

₺2.24
Price
₺2.41
GF Value