Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) Cyclically Adjusted PB Ratio: 4.67 (As of Sep. 15, 2026) — Near Median

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IST:DESPC Despec Bilgisayar Pazarlama ve Ticaret IST:DESPC
69 GF Score
Price ₺39.24
GF Value ₺48.32
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Despec Bilgisayar Pazarlama ve Ticaret Cyclically Adjusted PB Ratio?

Despec Bilgisayar Pazarlama ve Ticaret IST:DESPC -0.56% 69 Cyclically Adjusted PB Ratio is 4.67 as of Sep. 15, 2026, which is 2% above its 10-year median of 4.58. GuruFocus rates IST:DESPC with a GF Score™ of 69/100 and a GF Value™ of ₺48.32 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,928 Hardware companies, Despec Bilgisayar Pazarlama ve Ticaret ranks worse than 76.4% on this metric.

As of today (2026-09-15), Despec Bilgisayar Pazarlama ve Ticaret's current share price is ₺39.24. Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺8.39. Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio for today is 4.67.

The historical rank and industry rank for Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:DESPC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.16   Med: 4.58   Max: 13.07
Current: 4.56

During the past years, Despec Bilgisayar Pazarlama ve Ticaret's highest Cyclically Adjusted PB Ratio was 13.07. The lowest was 1.16. And the median was 4.58.

IST:DESPC's Cyclically Adjusted PB Ratio is ranked worse than
76.4% of 1928 companies
in the Hardware industry
Industry Median: 2.05 vs IST:DESPC: 4.56

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.

Despec Bilgisayar Pazarlama ve Ticaret's adjusted book value per share data for the three months ended in Jun. 2026 was ₺17.873. 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 ₺8.39 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Despec Bilgisayar Pazarlama ve Ticaret  (IST:DESPC) 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.


Despec Bilgisayar Pazarlama ve Ticaret Cyclically Adjusted PB Ratio Related Terms


Despec Bilgisayar Pazarlama ve Ticaret Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Despec Bilgisayar Pazarlama ve Ticaret'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.

Despec Bilgisayar Pazarlama ve Ticaret Cyclically Adjusted PB Ratio Chart

Despec Bilgisayar Pazarlama ve Ticaret 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 2.69 5.12 5.71 7.28 5.82

Despec Bilgisayar Pazarlama ve Ticaret Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.87 9.51 6.22 4.73 5.08

IST:DESPC vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Despec Bilgisayar Pazarlama ve Ticaret'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.


Despec Bilgisayar Pazarlama ve Ticaret Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio falls into.


IST:DESPC
69GF Score
Despec Bilgisayar Pazarlama ve Ticaret IST:DESPC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Despec Bilgisayar Pazarlama ve Ticaret 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.

Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=39.24/8.394
=4.67

* 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.

Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Despec Bilgisayar Pazarlama ve Ticaret's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=17.873/333.9520*333.9520
=17.873

Current CPI (Jun. 2026) = 333.9520.

Despec Bilgisayar Pazarlama ve Ticaret Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.157 241.428 2.984
201612 2.429 241.432 3.360
201703 2.547 243.801 3.489
201706 2.239 244.955 3.052
201709 2.328 246.819 3.150
201712 2.468 246.524 3.343
201803 2.623 249.554 3.510
201806 2.845 251.989 3.770
201809 3.333 252.439 4.409
201812 3.367 251.233 4.476
201903 3.509 254.202 4.610
201906 3.113 256.143 4.059
201909 3.030 256.759 3.941
201912 3.387 256.974 4.402
202003 3.761 258.115 4.866
202006 3.921 257.797 5.079
202009 4.404 260.280 5.651
202012 4.263 260.474 5.466
202103 4.493 264.877 5.665
202106 4.813 271.696 5.916
202109 4.879 274.310 5.940
202112 6.071 278.802 7.272
202203 6.471 287.504 7.516
202206 7.229 296.311 8.147
202209 7.708 296.808 8.673
202212 7.812 296.797 8.790
202303 8.073 301.836 8.932
202306 8.149 305.109 8.919
202309 8.979 307.789 9.742
202312 9.846 306.746 10.719
202403 10.572 312.332 11.304
202406 13.328 314.175 14.167
202409 13.892 315.301 14.714
202412 14.859 315.605 15.723
202503 16.568 319.799 17.301
202506 17.831 322.561 18.461
202509 19.313 324.800 19.857
202512 17.592 324.054 18.129
202603 18.193 330.213 18.399
202606 17.873 333.952 17.873

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 4.67 mean?
Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) has a Cyclically Adjusted PB Ratio of 4.67 as of Sep. 15, 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 Despec Bilgisayar Pazarlama ve Ticaret and its competitors. This is near median its historical median of 4.58. Over the past decade, Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio has ranged from 1.16 to 13.07. According to the industry distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #1473 out of 1928 companies in the Hardware industry, placing it in the top 76.4%.
Is Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio too high?
Despec Bilgisayar Pazarlama ve Ticaret's current Cyclically Adjusted PB Ratio of 4.67 is near median its 10-year median of 4.58. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 13.07. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Despec Bilgisayar Pazarlama ve Ticaret's value of 4.67 is 127.8% above this industry median. Based on the distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #1473 out of 1928 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Despec Bilgisayar Pazarlama ve Ticaret has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Despec Bilgisayar Pazarlama ve Ticaret's Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Despec Bilgisayar Pazarlama ve Ticaret ranks #1473 out of 1928 companies for Cyclically Adjusted PB Ratio. This places Despec Bilgisayar Pazarlama ve Ticaret in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. Despec Bilgisayar Pazarlama ve Ticaret's value of 4.67 is 127.8% above this benchmark. Historically, Despec Bilgisayar Pazarlama ve Ticaret's own Cyclically Adjusted PB Ratio has ranged from 1.16 to 13.07 over the past decade. While the company's 10-year median is 4.58 vs. the industry median of 2.05, Despec Bilgisayar Pazarlama ve Ticaret 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.05, based on 1,928 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. Despec Bilgisayar Pazarlama ve Ticaret's current Cyclically Adjusted PB Ratio of 4.67 is 127.8% 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 Despec Bilgisayar Pazarlama ve Ticaret and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Despec Bilgisayar Pazarlama ve Ticaret's current Cyclically Adjusted PB Ratio is 4.67, which is near median its own 10-year median of 4.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Despec Bilgisayar Pazarlama ve Ticaret stock overvalued right now?
Based on GuruFocus' analysis, Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺48.32, compared to a current price of ₺39.24 — trading 18.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.67, which is near median its 10-year median of 4.58 and 127.8% above the Hardware industry median of 2.05. Despec Bilgisayar Pazarlama ve Ticaret's overall GF Score™ is 69/100 with 5 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 Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC), the current Cyclically Adjusted PB Ratio is 4.67 as of Sep. 15, 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 Despec Bilgisayar Pazarlama ve Ticaret (IST:DESPC) Overvalued in 2026?

Based on GuruFocus' analysis, Despec Bilgisayar Pazarlama ve Ticaret stock appears to be undervalued. The current stock price of ₺39.24 is trading 18.8% below its estimated GF Value™ of ₺48.32. GuruFocus considers Despec Bilgisayar Pazarlama ve Ticaret to be Modestly Undervalued.

Key valuation signals for IST:DESPC:

  • Cyclically Adjusted PB Ratio: 4.67 (near median its 10-year median of 4.58)
  • GF Value™: ₺48.32 vs. price of ₺39.24 (18.8% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 127.8% above the Hardware median (#1473 of 1928)

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


Despec Bilgisayar Pazarlama ve Ticaret Business Description

Address Street No: 21 Seba Office Boulevard, Ayazaga Neighborhood Mimar Sinan, D Block Floor: 1 Section No: 9 Sariyer, Istanbul, TUR, 34485
Despec Bilgisayar Pazarlama ve Ticaret offers distribution services for almost all kinds of information technology consumption products to computer companies and office supply stores countrywide in Turkey through its well-organized distribution network. It offers products such as toner, ink cartridge, printer tape, backup products, paper products, accessories, and others. A part of the group's sales consists of HP products (especially printer toners and cartridges). Other products distributed by the company are of brands of Canon, Samsung, Steelseries, Epson, Oki, Xerox, IBM, Emtec, Lexmark, Trust, Targus, Jabra, Toshiba, and Apple. Geographically, all the activities are functioned through the region of Turkey.
69GF Score

Get the complete analysis for IST:DESPC

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

₺39.24
Price
₺48.32
GF Value