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Ayen Enerji ASIST:AYEN -2.19%50 Cyclically Adjusted PB Ratio is 1.38 as of Sep. 12, 2026, which is 59% below its 10-year median of 3.40. GuruFocus rates IST:AYEN with a GF Score™ of 50/100 and a GF Value™ of ₺22.72 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 258 Utilities - Independent Power Producers companies, Ayen Enerji AS ranks worse than 55.43% on this metric.
The historical rank and industry rank for Ayen Enerji AS's Cyclically Adjusted PB Ratio or its related term are showing as below:
IST:AYEN'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.33 Med: 3.4 Max: 16.17
Current: 1.36
During the past years, Ayen Enerji AS's highest Cyclically Adjusted PB Ratio was 16.17. The lowest was 1.33. And the median was 3.40.
IST:AYEN's Cyclically Adjusted PB Ratio is ranked worse than 55.43% of 258
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.155
vs IST:AYEN: 1.36
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.
Ayen Enerji AS's adjusted book value per share data for the three months ended in Jun. 2026 was ₺71.886. 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 ₺22.61 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ayen Enerji AS (IST:AYEN) 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.
Ayen Enerji AS Cyclically Adjusted PB Ratio Related Terms
Ayen Enerji AS Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Ayen Enerji 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.
Ayen Enerji AS Cyclically Adjusted PB Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Ayen Enerji 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.
Ayen Enerji AS Cyclically Adjusted PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ayen Enerji AS's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ayen Enerji AS's Cyclically Adjusted PB Ratio falls into.
Ayen Enerji 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.
Ayen Enerji AS's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.38 mean?
Ayen Enerji AS (IST:AYEN) has a Cyclically Adjusted PB Ratio of 1.38 as of Sep. 12, 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 Ayen Enerji AS and its competitors. This is 59% below median its historical median of 3.40. Over the past decade, Ayen Enerji AS's Cyclically Adjusted PB Ratio has ranged from 1.33 to 16.17. According to the industry distribution chart, Ayen Enerji AS ranks #143 out of 258 companies in the Utilities - Independent Power Producers industry, placing it in the top 55.4%.
Is Ayen Enerji AS's Cyclically Adjusted PB Ratio too high?
Ayen Enerji AS's current Cyclically Adjusted PB Ratio of 1.38 is 59% below median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 16.17. The Utilities - Independent Power Producers industry median Cyclically Adjusted PB Ratio is 1.16. Ayen Enerji AS's value of 1.38 is 19.5% above this industry median. Based on the distribution chart, Ayen Enerji AS ranks #143 out of 258 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Ayen Enerji AS has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ayen Enerji AS's Cyclically Adjusted PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ayen Enerji AS ranks #143 out of 258 companies for Cyclically Adjusted PB Ratio. This places Ayen Enerji AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.16. Ayen Enerji AS's value of 1.38 is 19.5% above this benchmark. Historically, Ayen Enerji AS's own Cyclically Adjusted PB Ratio has ranged from 1.33 to 16.17 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 1.16, Ayen Enerji 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 Utilities - Independent Power Producers company?
The median Cyclically Adjusted PB Ratio among Utilities - Independent Power Producers companies is 1.16, based on 258 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. Ayen Enerji AS's current Cyclically Adjusted PB Ratio of 1.38 is 19.5% 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 Ayen Enerji AS and its competitors. For the Utilities - Independent Power Producers industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayen Enerji AS's current Cyclically Adjusted PB Ratio is 1.38, which is 59% below median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayen Enerji AS stock overvalued right now?
Based on GuruFocus' analysis, Ayen Enerji AS (IST:AYEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺22.72, compared to a current price of ₺31.26 — trading 37.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.38, which is 59% below median its 10-year median of 3.40 and 19.5% above the Utilities - Independent Power Producers industry median of 1.16. Ayen Enerji AS's overall GF Score™ is 50/100 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 Ayen Enerji AS (IST:AYEN), the current Cyclically Adjusted PB Ratio is 1.38 as of Sep. 12, 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 Ayen Enerji AS (IST:AYEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ayen Enerji AS stock appears to be overvalued.
The current stock price of ₺31.26 is trading 37.6% above its estimated GF Value™ of ₺22.72.
GuruFocus considers Ayen Enerji AS to be Significantly Overvalued.
Key valuation signals for IST:AYEN:
Cyclically Adjusted PB Ratio: 1.38 (59% below median its 10-year median of 3.40)
GF Value™: ₺22.72 vs. price of ₺31.26 (37.6% above fair value)
Industry Position: 19.5% above the Utilities - Independent Power Producers median (#143 of 258)
No single metric tells the full story. See the IST:AYEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ayen Enerji AS is a Turkey-based company engaged in the generation, transmission, distribution, and trading of electricity. The company's geographical segment includes Turkey and Abroad. It generates maximum revenue from Abroad. The company generates the majority of its energy from Hydro plants. The companies located in abroad operate in Albania, Serbia, and Slovenia.
50GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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