Atlas Menkul Kiymetler Yatirim Ortakligi AS (IST:ATLAS) Cyclically Adjusted PB Ratio: (As of Aug. 25, 2026)

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Director of Data and Quant Analytics at GuruFocus
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IST:ATLAS Atlas Menkul Kiymetler Yatirim Ortakligi AS IST:ATLAS
68 GF Score
Price ₺6.77
GF Value ₺8.15
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Atlas Menkul Kiymetler Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Atlas Menkul Kiymetler Yatirim Ortakligi AS  (IST:ATLAS) 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.


Atlas Menkul Kiymetler Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms


Atlas Menkul Kiymetler Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Atlas Menkul Kiymetler 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.

Atlas Menkul Kiymetler Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Atlas Menkul Kiymetler 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 1.37 3.08 2.88 3.27 2.09

Atlas Menkul Kiymetler 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 2.07 2.56 2.09 2.53 0.00

IST:ATLAS vs MS, GS, SCHW: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Atlas Menkul Kiymetler 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.


Atlas Menkul Kiymetler Yatirim Ortakligi AS Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Atlas Menkul Kiymetler Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Atlas Menkul Kiymetler Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.


IST:ATLAS
68GF Score
Atlas Menkul Kiymetler Yatirim Ortakligi AS IST:ATLAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atlas Menkul Kiymetler 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.

Atlas Menkul Kiymetler Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Atlas Menkul Kiymetler 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)
=9.137/333.9520*333.9520
=9.137

Current CPI (Jun. 2026) = 333.9520.

Atlas Menkul Kiymetler Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.549 241.428 0.759
201612 0.598 241.432 0.827
201703 0.764 243.801 1.047
201706 0.863 244.955 1.177
201709 0.775 246.819 1.049
201712 0.843 246.524 1.142
201803 1.040 249.554 1.392
201806 0.923 251.989 1.223
201809 0.955 252.439 1.263
201812 0.805 251.233 1.070
201903 0.776 254.202 1.019
201906 0.815 256.143 1.063
201909 0.951 256.759 1.237
201912 1.048 256.974 1.362
202003 0.938 258.115 1.214
202006 1.016 257.797 1.316
202009 1.308 260.280 1.678
202012 1.361 260.474 1.745
202103 1.356 264.877 1.710
202106 1.357 271.696 1.668
202109 1.347 274.310 1.640
202112 1.547 278.802 1.853
202203 1.642 287.504 1.907
202206 1.708 296.311 1.925
202209 2.271 296.808 2.555
202212 5.484 296.797 6.171
202303 2.788 301.836 3.085
202306 3.329 305.109 3.644
202309 4.360 307.789 4.731
202312 5.882 306.746 6.404
202403 4.749 312.332 5.078
202406 5.629 314.175 5.983
202409 5.830 315.301 6.175
202412 7.937 315.605 8.398
202503 6.299 319.799 6.578
202506 7.217 322.561 7.472
202509 7.867 324.800 8.089
202512 7.512 324.054 7.741
202603 9.590 330.213 9.699
202606 9.137 333.952 9.137

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.

Is Atlas Menkul Kiymetler Yatirim Ortakligi AS (IST:ATLAS) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Menkul Kiymetler Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺6.77 is trading 16.9% below its estimated GF Value™ of ₺8.15. GuruFocus considers Atlas Menkul Kiymetler Yatirim Ortakligi AS to be Modestly Undervalued.

Key valuation signals for IST:ATLAS:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₺8.15 vs. price of ₺6.77 (16.9% below fair value)
  • GF Score™: 68/100 with 1 warning sign

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


Atlas Menkul Kiymetler Yatirim Ortakligi AS Business Description

Address Buyukdere Cad. No: 171, Metro City A Block K Floor: 17, 1.Levent, Istanbul, TUR
Atlas Menkul Kiymetler Yatirim Ortakligi AS is an investment company. It is engaged in a trading portfolio of capital market instruments traded on national, international or other organized over-the-counter markets.
68GF Score

Get the complete analysis for IST:ATLAS

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

₺6.77
Price
₺8.15
GF Value