Dogan Sirketler Grubu Holdings AS (IST:DOHOL) Cyclically Adjusted PB Ratio: 1.77 (As of Aug. 16, 2026) — Near Median

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IST:DOHOL Dogan Sirketler Grubu Holdings AS IST:DOHOL
67 GF Score
Price ₺20.86
GF Value ₺17.92
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Dogan Sirketler Grubu Holdings AS Cyclically Adjusted PB Ratio?

Dogan Sirketler Grubu Holdings AS IST:DOHOL -1.23% 67 Cyclically Adjusted PB Ratio is 1.77 as of Aug. 16, 2026, which is 8% above its 10-year median of 1.64. GuruFocus rates IST:DOHOL with a GF Score™ of 67/100 and a GF Value™ of ₺17.92 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 458 Conglomerates companies, Dogan Sirketler Grubu Holdings AS ranks worse than 69.21% on this metric.

As of today (2026-08-16), Dogan Sirketler Grubu Holdings AS's current share price is ₺20.86. Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺11.76. Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio for today is 1.77.

The historical rank and industry rank for Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:DOHOL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 1.64   Max: 4.35
Current: 1.77

During the past years, Dogan Sirketler Grubu Holdings AS's highest Cyclically Adjusted PB Ratio was 4.35. The lowest was 0.01. And the median was 1.64.

IST:DOHOL's Cyclically Adjusted PB Ratio is ranked worse than
69.21% of 458 companies
in the Conglomerates industry
Industry Median: 1.015 vs IST:DOHOL: 1.77

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.

Dogan Sirketler Grubu Holdings AS's adjusted book value per share data for the three months ended in Jun. 2026 was ₺37.100. 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 ₺11.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dogan Sirketler Grubu Holdings AS  (IST:DOHOL) 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.


Dogan Sirketler Grubu Holdings AS Cyclically Adjusted PB Ratio Related Terms


Dogan Sirketler Grubu Holdings AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dogan Sirketler Grubu Holdings 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.

Dogan Sirketler Grubu Holdings AS Cyclically Adjusted PB Ratio Chart

Dogan Sirketler Grubu Holdings AS 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 1.33 3.65 2.58 2.16 1.74

Dogan Sirketler Grubu Holdings AS 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 1.90 1.91 1.74 1.86 1.74

IST:DOHOL vs MMM, HON: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Dogan Sirketler Grubu Holdings 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.


Dogan Sirketler Grubu Holdings AS Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio falls into.


IST:DOHOL
67GF Score
Dogan Sirketler Grubu Holdings AS IST:DOHOL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dogan Sirketler Grubu Holdings 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.

Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=20.86/11.76
=1.77

* 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.

Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Dogan Sirketler Grubu Holdings AS'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)
=37.1/333.9520*333.9520
=37.100

Current CPI (Jun. 2026) = 333.9520.

Dogan Sirketler Grubu Holdings AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.980 241.428 1.356
201612 1.237 241.432 1.711
201703 0.970 243.801 1.329
201706 0.927 244.955 1.264
201709 0.906 246.819 1.226
201712 1.133 246.524 1.535
201803 0.969 249.554 1.297
201806 2.354 251.989 3.120
201809 2.650 252.439 3.506
201812 2.549 251.233 3.388
201903 2.422 254.202 3.182
201906 2.524 256.143 3.291
201909 2.658 256.759 3.457
201912 2.735 256.974 3.554
202003 2.802 258.115 3.625
202006 2.957 257.797 3.831
202009 3.272 260.280 4.198
202012 3.242 260.474 4.157
202103 3.443 264.877 4.341
202106 3.720 271.696 4.572
202109 3.744 274.310 4.558
202112 4.976 278.802 5.960
202203 5.429 287.504 6.306
202206 6.109 296.311 6.885
202209 6.861 296.808 7.720
202212 15.910 296.797 17.902
202303 7.984 301.836 8.834
202306 11.411 305.109 12.490
202309 11.908 307.789 12.920
202312 27.004 306.746 29.399
202403 21.016 312.332 22.471
202406 21.763 314.175 23.133
202409 23.632 315.301 25.030
202412 32.215 315.605 34.088
202503 26.732 319.799 27.915
202506 28.347 322.561 29.348
202509 30.372 324.800 31.228
202512 32.543 324.054 33.537
202603 35.197 330.213 35.596
202606 37.100 333.952 37.100

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 1.77 mean?
Dogan Sirketler Grubu Holdings AS (IST:DOHOL) has a Cyclically Adjusted PB Ratio of 1.77 as of Aug. 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 Dogan Sirketler Grubu Holdings AS and its competitors. This is near median its historical median of 1.64. Over the past decade, Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio has ranged from 0.01 to 4.35. According to the industry distribution chart, Dogan Sirketler Grubu Holdings AS ranks #317 out of 458 companies in the Conglomerates industry, placing it in the top 69.2%.
Is Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio too high?
Dogan Sirketler Grubu Holdings AS's current Cyclically Adjusted PB Ratio of 1.77 is near median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 4.35. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Dogan Sirketler Grubu Holdings AS's value of 1.77 is 74.4% above this industry median. Based on the distribution chart, Dogan Sirketler Grubu Holdings AS ranks #317 out of 458 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Dogan Sirketler Grubu Holdings AS has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dogan Sirketler Grubu Holdings AS's Cyclically Adjusted PB Ratio compare to MMM and HON?
According to the Conglomerates industry distribution chart, Dogan Sirketler Grubu Holdings AS ranks #317 out of 458 companies for Cyclically Adjusted PB Ratio. This places Dogan Sirketler Grubu Holdings AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Dogan Sirketler Grubu Holdings AS's value of 1.77 is 74.4% above this benchmark. Historically, Dogan Sirketler Grubu Holdings AS's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 4.35 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 1.02, Dogan Sirketler Grubu Holdings 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 Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 458 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. Dogan Sirketler Grubu Holdings AS's current Cyclically Adjusted PB Ratio of 1.77 is 74.4% 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 Dogan Sirketler Grubu Holdings AS and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dogan Sirketler Grubu Holdings AS's current Cyclically Adjusted PB Ratio is 1.77, which is near median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dogan Sirketler Grubu Holdings AS stock overvalued right now?
Based on GuruFocus' analysis, Dogan Sirketler Grubu Holdings AS (IST:DOHOL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺17.92, compared to a current price of ₺20.86 — trading 16.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.77, which is near median its 10-year median of 1.64 and 74.4% above the Conglomerates industry median of 1.02. Dogan Sirketler Grubu Holdings AS's overall GF Score™ is 67/100 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 Dogan Sirketler Grubu Holdings AS (IST:DOHOL), the current Cyclically Adjusted PB Ratio is 1.77 as of Aug. 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 Dogan Sirketler Grubu Holdings AS (IST:DOHOL) Overvalued in 2026?

Based on GuruFocus' analysis, Dogan Sirketler Grubu Holdings AS stock appears to be overvalued. The current stock price of ₺20.86 is trading 16.4% above its estimated GF Value™ of ₺17.92. GuruFocus considers Dogan Sirketler Grubu Holdings AS to be Modestly Overvalued.

Key valuation signals for IST:DOHOL:

  • Cyclically Adjusted PB Ratio: 1.77 (near median its 10-year median of 1.64)
  • GF Value™: ₺17.92 vs. price of ₺20.86 (16.4% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 74.4% above the Conglomerates median (#317 of 458)

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


Dogan Sirketler Grubu Holdings AS Business Description

Address Burhaniye Mahallesi Kisikli Caddesi No. 65, Uskudar, Istanbul, TUR, 34676
Dogan Sirketler Grubu Holdings AS is a conglomerate operating in various sectors including media, energy and retail, as well as industry, real estate and automotive marketing, tourism and financial services. The company's segments consist of Publishing, Broadcasting, Retail, Energy and Other. The majority of the revenue is generated from the production, transmission, distribution, domestic and international wholesale and retail trade of energy in Turkey.
67GF Score

Get the complete analysis for IST:DOHOL

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

₺20.86
Price
₺17.92
GF Value