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Borusan Yatirim Pazarlama ASIST:BRYAT -0.18%64 Cyclically Adjusted PB Ratio is 3.86 as of Aug. 23, 2026, which is 43% below its 10-year median of 6.78. GuruFocus rates IST:BRYAT with a GF Score™ of 64/100 and a GF Value™ of ₺3,834.36 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 447 Steel companies, Borusan Yatirim Pazarlama AS ranks worse than 92.39% on this metric.
The historical rank and industry rank for Borusan Yatirim Pazarlama AS's Cyclically Adjusted PB Ratio or its related term are showing as below:
IST:BRYAT'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21 Med: 6.78 Max: 28.35
Current: 3.86
During the past years, Borusan Yatirim Pazarlama AS's highest Cyclically Adjusted PB Ratio was 28.35. The lowest was 1.21. And the median was 6.78.
IST:BRYAT's Cyclically Adjusted PB Ratio is ranked worse than 92.39% of 447
companies
in the Steel industry
Industry Median: 0.82
vs IST:BRYAT: 3.86
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.
Borusan Yatirim Pazarlama AS's adjusted book value per share data for the three months ended in Jun. 2026 was ₺1,188.820. 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 ₺440.30 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Borusan Yatirim Pazarlama AS (IST:BRYAT) 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.
Borusan Yatirim Pazarlama AS Cyclically Adjusted PB Ratio Related Terms
Borusan Yatirim Pazarlama 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.
Borusan Yatirim Pazarlama AS Cyclically Adjusted PB Ratio Chart
IST:BRYAT vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison
For the Steel subindustry, Borusan Yatirim Pazarlama 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.
Borusan Yatirim Pazarlama AS Cyclically Adjusted PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Borusan Yatirim Pazarlama AS's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Borusan Yatirim Pazarlama AS's Cyclically Adjusted PB Ratio falls into.
Borusan Yatirim Pazarlama 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 3.86 mean?
Borusan Yatirim Pazarlama AS (IST:BRYAT) has a Cyclically Adjusted PB Ratio of 3.86 as of Aug. 23, 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 Borusan Yatirim Pazarlama AS and its competitors. This is 43% below median its historical median of 6.78. Over the past decade, Borusan Yatirim Pazarlama AS's Cyclically Adjusted PB Ratio has ranged from 1.21 to 28.35. According to the industry distribution chart, Borusan Yatirim Pazarlama AS ranks #413 out of 447 companies in the Steel industry, placing it in the top 92.4%.
Is Borusan Yatirim Pazarlama AS's Cyclically Adjusted PB Ratio too high?
Borusan Yatirim Pazarlama AS's current Cyclically Adjusted PB Ratio of 3.86 is 43% below median its 10-year median of 6.78. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 28.35. The Steel industry median Cyclically Adjusted PB Ratio is 0.82. Borusan Yatirim Pazarlama AS's value of 3.86 is 370.7% above this industry median. Based on the distribution chart, Borusan Yatirim Pazarlama AS ranks #413 out of 447 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Borusan Yatirim Pazarlama AS has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borusan Yatirim Pazarlama AS's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Borusan Yatirim Pazarlama AS ranks #413 out of 447 companies for Cyclically Adjusted PB Ratio. This places Borusan Yatirim Pazarlama AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.82. Borusan Yatirim Pazarlama AS's value of 3.86 is 370.7% above this benchmark. Historically, Borusan Yatirim Pazarlama AS's own Cyclically Adjusted PB Ratio has ranged from 1.21 to 28.35 over the past decade. While the company's 10-year median is 6.78 vs. the industry median of 0.82, Borusan Yatirim Pazarlama 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 0.82, based on 447 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. Borusan Yatirim Pazarlama AS's current Cyclically Adjusted PB Ratio of 3.86 is 370.7% 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 Borusan Yatirim Pazarlama AS and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borusan Yatirim Pazarlama AS's current Cyclically Adjusted PB Ratio is 3.86, which is 43% below median its own 10-year median of 6.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borusan Yatirim Pazarlama AS stock overvalued right now?
Based on GuruFocus' analysis, Borusan Yatirim Pazarlama AS (IST:BRYAT) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺3,834.36, compared to a current price of ₺1,701.00 — trading 55.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.86, which is 43% below median its 10-year median of 6.78 and 370.7% above the Steel industry median of 0.82. Borusan Yatirim Pazarlama AS's overall GF Score™ is 64/100 with 3 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 Borusan Yatirim Pazarlama AS (IST:BRYAT), the current Cyclically Adjusted PB Ratio is 3.86 as of Aug. 23, 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 Borusan Yatirim Pazarlama AS (IST:BRYAT) Overvalued in 2026?
Based on GuruFocus' analysis, Borusan Yatirim Pazarlama AS stock appears to be undervalued.
The current stock price of ₺1,701.00 is trading 55.6% below its estimated GF Value™ of ₺3,834.36.
GuruFocus considers Borusan Yatirim Pazarlama AS to be Significantly Undervalued.
Key valuation signals for IST:BRYAT:
Cyclically Adjusted PB Ratio: 3.86 (43% below median its 10-year median of 6.78)
GF Value™: ₺3,834.36 vs. price of ₺1,701.00 (55.6% below fair value)
Industry Position: 370.7% above the Steel median (#413 of 447)
No single metric tells the full story. See the IST:BRYAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Borusan Yatirim Pazarlama AS is Turkey-based company with business interests in multiple sectors. The company through its subsidiaries is engaged in the businesses of steel, distributorship, automotive, logistics and energy sectors.
64GF Score
Get the complete analysis for IST:BRYAT
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