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IST:AYES's Cyclically Adjusted PB Ratio is ranked worse than 95.35% of 516
companies
in the Steel industry
Industry Median: 0.935
vs IST:AYES: 7.31
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.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's adjusted book value per share data of for the fiscal year that ended in Dec25 was ₺20.266. 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 ₺4.48 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) 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.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data
* 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.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Cyclically Adjusted PB Ratio Chart
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Annual Data
IST:AYES vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison
For the Steel subindustry, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret 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.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Cyclically Adjusted PB Ratio vs Steel Industry
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret 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.
* 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 7.03 mean?
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) has a Cyclically Adjusted PB Ratio of 7.03 as of Jul. 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 Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS and its competitors. This is near median its historical median of 6.56. Over the past decade, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 0.69 to 21.41. According to the industry distribution chart, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS ranks #492 out of 516 companies in the Steel industry, placing it in the top 95.3%.
Is Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's Cyclically Adjusted PB Ratio too high?
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's current Cyclically Adjusted PB Ratio of 7.03 is near median its 10-year median of 6.56. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 21.41. The Steel industry median Cyclically Adjusted PB Ratio is 0.94. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's value of 7.03 is 651.9% above this industry median. Based on the distribution chart, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS ranks #492 out of 516 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS ranks #492 out of 516 companies for Cyclically Adjusted PB Ratio. This places Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's value of 7.03 is 651.9% above this benchmark. Historically, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 0.69 to 21.41 over the past decade. While the company's 10-year median is 6.56 vs. the industry median of 0.94, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.94, based on 516 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. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's current Cyclically Adjusted PB Ratio of 7.03 is 651.9% 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 Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's current Cyclically Adjusted PB Ratio is 7.03, which is near median its own 10-year median of 6.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.13, compared to a current price of ₺31.50 — trading 139.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.03, which is near median its 10-year median of 6.56 and 651.9% above the Steel industry median of 0.94. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's overall GF Score™ is 56/100 with 12 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 Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES), the current Cyclically Adjusted PB Ratio is 7.03 as of Jul. 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 Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) Overvalued in 2026?
Based on GuruFocus' analysis, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS stock appears to be overvalued.
The current stock price of ₺31.50 is trading 139.9% above its estimated GF Value™ of ₺13.13.
GuruFocus considers Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS to be Significantly Overvalued.
Key valuation signals for IST:AYES:
Cyclically Adjusted PB Ratio: 7.03 (near median its 10-year median of 6.56)
GF Value™: ₺13.13 vs. price of ₺31.50 (139.9% above fair value)
Industry Position: 651.9% above the Steel median (#492 of 516)
No single metric tells the full story. See the IST:AYES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Business Description
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