Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) Cyclically Adjusted PB Ratio: 2.17 (As of Jul. 06, 2026)


IST:BAGFS Bagfas Bandirma Gubre Fabrikalari AS IST:BAGFS
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Price ₺25.54
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What is Bagfas Bandirma Gubre Fabrikalari AS Cyclically Adjusted PB Ratio?

Bagfas Bandirma Gubre Fabrikalari AS IST:BAGFS -0.23% 5 Cyclically Adjusted PB Ratio is 2.17 as of Jul. 06, 2026. GuruFocus rates IST:BAGFS with a GF Score™ of 5/100.

As of today (2026-07-06), Bagfas Bandirma Gubre Fabrikalari AS's current share price is ₺25.54. Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was ₺11.77. Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio for today is 2.17.

The historical rank and industry rank for Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:BAGFS's Cyclically Adjusted PB Ratio is not ranked *
in the Agriculture industry.
Industry Median: 1.42
* Ranked among companies with meaningful Cyclically Adjusted PB Ratio only.

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.

Bagfas Bandirma Gubre Fabrikalari AS's adjusted book value per share data of for the fiscal year that ended in Dec23 was ₺34.816. 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 ₺11.77 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bagfas Bandirma Gubre Fabrikalari AS  (IST:BAGFS) 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.


Bagfas Bandirma Gubre Fabrikalari AS Cyclically Adjusted PB Ratio Related Terms


Bagfas Bandirma Gubre Fabrikalari AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bagfas Bandirma Gubre Fabrikalari 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.

Bagfas Bandirma Gubre Fabrikalari AS Cyclically Adjusted PB Ratio Chart

Bagfas Bandirma Gubre Fabrikalari AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.01 2.27 4.83 4.86 2.80

Bagfas Bandirma Gubre Fabrikalari AS Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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 2.01 2.27 4.83 4.86 2.80

IST:BAGFS vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Bagfas Bandirma Gubre Fabrikalari 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.


Bagfas Bandirma Gubre Fabrikalari AS Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio falls into.


IST:BAGFS
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Bagfas Bandirma Gubre Fabrikalari AS IST:BAGFS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bagfas Bandirma Gubre Fabrikalari 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.

Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.54/11.77
=2.17

* 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.

Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Bagfas Bandirma Gubre Fabrikalari AS's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=34.816/306.7460*306.7460
=34.816

Current CPI (Dec23) = 306.7460.

Bagfas Bandirma Gubre Fabrikalari AS Annual Data

Book Value per Share CPI Adj_Book
201412 2.342 234.812 3.059
201512 4.160 236.525 5.395
201612 3.858 241.432 4.902
201712 3.769 246.524 4.690
201812 2.888 251.233 3.526
201912 3.540 256.974 4.226
202012 3.169 260.474 3.732
202112 4.852 278.802 5.338
202212 46.467 296.797 48.025
202312 34.816 306.746 34.816

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 2.17 mean?
Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) has a Cyclically Adjusted PB Ratio of 2.17 as of Jul. 06, 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 Bagfas Bandirma Gubre Fabrikalari AS and its competitors.
Is Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio too high?
Bagfas Bandirma Gubre Fabrikalari AS's current Cyclically Adjusted PB Ratio is 2.17. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.42. Bagfas Bandirma Gubre Fabrikalari AS's value of 2.17 is 52.8% above this industry median. Overall, Bagfas Bandirma Gubre Fabrikalari AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio compare to CTVA and CF?
Bagfas Bandirma Gubre Fabrikalari AS's Cyclically Adjusted PB Ratio of 2.17 can be compared against companies in the Agriculture industry. The industry median Cyclically Adjusted PB Ratio is 1.42. Bagfas Bandirma Gubre Fabrikalari AS's value of 2.17 is 52.8% above this benchmark. 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 Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.42, based on 200 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. Bagfas Bandirma Gubre Fabrikalari AS's current Cyclically Adjusted PB Ratio of 2.17 is 52.8% 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 Bagfas Bandirma Gubre Fabrikalari AS and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bagfas Bandirma Gubre Fabrikalari AS's current Cyclically Adjusted PB Ratio is 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bagfas Bandirma Gubre Fabrikalari AS stock overvalued right now?
Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) has a current Cyclically Adjusted PB Ratio of 2.17. The current Cyclically Adjusted PB Ratio is 2.17 and 52.8% above the Agriculture industry median of 1.42. Bagfas Bandirma Gubre Fabrikalari AS's overall GF Score™ is 5/100. 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 Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS), the current Cyclically Adjusted PB Ratio is 2.17 as of Jul. 06, 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.

Bagfas Bandirma Gubre Fabrikalari AS Business Description

Address Susam Street No. 2, Kylycali Paya Neighborhood, Istanbul, TUR
Bagfas Bandirma Gubre Fabrikalari AS is a Turkey-based company involved in the business of chemical fertilizers and acids. The product portfolio of the company includes Super Granule CAN, Sulphur Composite Fertilizer, Sulphur Zinc Composite Fertilizer, Special Formulations, Phosphoric Acid, and Other specialty products.
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