Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR) Cyclically Adjusted PB Ratio: 2.00 (As of Aug. 01, 2026) — 10% Above 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:AVTUR Avrasya Petrol ve Turistik Tesisler Yatirimlar AS IST:AVTUR
58 GF Score
Price ₺15.86
GF Value ₺18.35
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Cyclically Adjusted PB Ratio?

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS IST:AVTUR +8.41% 58 Cyclically Adjusted PB Ratio is 2.00 as of Aug. 01, 2026, which is 10% above its 10-year median of 1.82. GuruFocus rates IST:AVTUR with a GF Score™ of 58/100 and a GF Value™ of ₺18.35 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 998 Asset Management companies, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS ranks worse than 83.57% on this metric.

As of today (2026-08-01), Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's current share price is ₺15.86. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺7.93. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio for today is 2.00.

The historical rank and industry rank for Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:AVTUR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.82   Max: 4.63
Current: 1.9

During the past years, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's highest Cyclically Adjusted PB Ratio was 4.63. The lowest was 0.61. And the median was 1.82.

IST:AVTUR's Cyclically Adjusted PB Ratio is ranked worse than
83.57% of 998 companies
in the Asset Management industry
Industry Median: 0.84 vs IST:AVTUR: 1.90

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.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺29.071. 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 ₺7.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avrasya Petrol ve Turistik Tesisler Yatirimlar AS  (IST:AVTUR) 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.


Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Cyclically Adjusted PB Ratio Related Terms


Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Avrasya Petrol ve Turistik Tesisler Yatirimlar 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.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Cyclically Adjusted PB Ratio Chart

Avrasya Petrol ve Turistik Tesisler Yatirimlar 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 1.31 1.49 2.69 2.60 2.15

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 1.94 1.90 2.32 2.15 2.57

IST:AVTUR vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Avrasya Petrol ve Turistik Tesisler Yatirimlar 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.


Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio falls into.


IST:AVTUR
58GF Score
Avrasya Petrol ve Turistik Tesisler Yatirimlar AS IST:AVTUR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avrasya Petrol ve Turistik Tesisler Yatirimlar 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.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.86/7.93
=2.00

* 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.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Avrasya Petrol ve Turistik Tesisler Yatirimlar 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)
=29.071/330.2130*330.2130
=29.071

Current CPI (Mar. 2026) = 330.2130.

Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.597 241.018 2.188
201609 1.595 241.428 2.182
201612 1.737 241.432 2.376
201703 1.713 243.801 2.320
201706 1.738 244.955 2.343
201709 1.742 246.819 2.331
201712 1.555 246.524 2.083
201803 1.570 249.554 2.077
201806 1.528 251.989 2.002
201809 1.512 252.439 1.978
201812 1.892 251.233 2.487
201903 1.895 254.202 2.462
201906 1.895 256.143 2.443
201909 1.906 256.759 2.451
201912 2.057 256.974 2.643
202003 2.059 258.115 2.634
202006 2.056 257.797 2.634
202009 2.054 260.280 2.606
202012 2.113 260.474 2.679
202103 2.111 264.877 2.632
202106 2.109 271.696 2.563
202109 2.118 274.310 2.550
202112 2.825 278.802 3.346
202203 2.828 287.504 3.248
202206 2.836 296.311 3.160
202209 2.852 296.808 3.173
202212 11.269 296.797 12.538
202303 4.948 301.836 5.413
202306 5.058 305.109 5.474
202309 5.104 307.789 5.476
202312 18.976 306.746 20.428
202403 14.780 312.332 15.626
202406 16.467 314.175 17.308
202409 17.821 315.301 18.664
202412 24.988 315.605 26.145
202503 21.067 319.799 21.753
202506 22.224 322.561 22.751
202509 23.890 324.800 24.288
202512 26.336 324.054 26.837
202603 29.071 330.213 29.071

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 2.00 mean?
Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR) has a Cyclically Adjusted PB Ratio of 2.00 as of Aug. 01, 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 Avrasya Petrol ve Turistik Tesisler Yatirimlar AS and its competitors. This is 10% above median its historical median of 1.82. Over the past decade, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio has ranged from 0.61 to 4.63. According to the industry distribution chart, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS ranks #834 out of 998 companies in the Asset Management industry, placing it in the top 83.6%.
Is Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio too high?
Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's current Cyclically Adjusted PB Ratio of 2.00 is 10% above median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 4.63. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's value of 2.00 is 138.1% above this industry median. Based on the distribution chart, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS ranks #834 out of 998 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS ranks #834 out of 998 companies for Cyclically Adjusted PB Ratio. This places Avrasya Petrol ve Turistik Tesisler Yatirimlar AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.84. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's value of 2.00 is 138.1% above this benchmark. Historically, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's own Cyclically Adjusted PB Ratio has ranged from 0.61 to 4.63 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 0.84, Avrasya Petrol ve Turistik Tesisler Yatirimlar 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 Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 998 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. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's current Cyclically Adjusted PB Ratio of 2.00 is 138.1% 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 Avrasya Petrol ve Turistik Tesisler Yatirimlar AS and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's current Cyclically Adjusted PB Ratio is 2.00, which is 10% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avrasya Petrol ve Turistik Tesisler Yatirimlar AS stock overvalued right now?
Based on GuruFocus' analysis, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺18.35, compared to a current price of ₺15.86 — trading 13.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.00, which is 10% above median its 10-year median of 1.82 and 138.1% above the Asset Management industry median of 0.84. Avrasya Petrol ve Turistik Tesisler Yatirimlar AS's overall GF Score™ is 58/100 with 2 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 Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR), the current Cyclically Adjusted PB Ratio is 2.00 as of Aug. 01, 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 Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (IST:AVTUR) Overvalued in 2026?

Based on GuruFocus' analysis, Avrasya Petrol ve Turistik Tesisler Yatirimlar AS stock appears to be undervalued. The current stock price of ₺15.86 is trading 13.6% below its estimated GF Value™ of ₺18.35. GuruFocus considers Avrasya Petrol ve Turistik Tesisler Yatirimlar AS to be Modestly Undervalued.

Key valuation signals for IST:AVTUR:

  • Cyclically Adjusted PB Ratio: 2.00 (10% above median its 10-year median of 1.82)
  • GF Value™: ₺18.35 vs. price of ₺15.86 (13.6% below fair value)
  • GF Score™: 58/100 with 2 warning signs
  • Industry Position: 138.1% above the Asset Management median (#834 of 998)

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


Avrasya Petrol ve Turistik Tesisler Yatirimlar AS Business Description

Address Buyukdere Cad. No: 171, Metro City A Blok Kat:7, 1.Levent, Istanbul, TUR, 06250
Avrasya Petrol ve Turistik Tesisler Yatirimlar AS is a closed-end investment trust that is engaged in portfolio development of capital market instruments, focusing on gold & other precious metals traded on domestic & foreign Stock exchange.
58GF Score

Get the complete analysis for IST:AVTUR

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

₺15.86
Price
₺18.35
GF Value