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Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) Cyclically Adjusted PB Ratio : 1.82 (As of May. 29, 2025)


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What is Deniz Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

As of today (2025-05-29), Deniz Gayrimenkul Yatirim Ortakligi AS's current share price is ₺5.73. Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was ₺3.15. Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 1.82.

The historical rank and industry rank for Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:DZGYO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 2.18   Max: 4.54
Current: 1.87

During the past years, Deniz Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 4.54. The lowest was 0.84. And the median was 2.18.

IST:DZGYO's Cyclically Adjusted PB Ratio is ranked worse than
85.93% of 519 companies
in the REITs industry
Industry Median: 0.8 vs IST:DZGYO: 1.87

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.

Deniz Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Mar. 2025 was ₺11.280. 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 ₺3.15 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deniz Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deniz Gayrimenkul Yatirim Ortakligi 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.

* Premium members only.

Deniz Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Deniz Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 2.20 2.84 1.97 3.71

Deniz Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 2.09 1.99 3.36 3.71 2.50

Competitive Comparison of Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Deniz Gayrimenkul Yatirim Ortakligi 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.


Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.


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Deniz Gayrimenkul Yatirim Ortakligi 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.

Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.73/3.15
=1.82

* 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.

Deniz Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Deniz Gayrimenkul Yatirim Ortakligi AS's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=11.28/134.9266*134.9266
=11.280

Current CPI (Mar. 2025) = 134.9266.

Deniz Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201412 0.783 99.070 1.066
201509 0.000 100.392 0.000
201512 0.830 99.792 1.122
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.848 101.861 1.123
201612 0.885 101.863 1.172
201703 0.894 102.862 1.173
201706 0.906 103.349 1.183
201709 0.916 104.136 1.187
201712 0.956 104.011 1.240
201803 0.973 105.290 1.247
201806 0.978 106.317 1.241
201809 0.999 106.507 1.266
201812 1.116 105.998 1.421
201903 1.142 107.251 1.437
201906 1.140 108.070 1.423
201909 1.120 108.329 1.395
201912 1.189 108.420 1.480
202003 1.193 108.902 1.478
202006 1.197 108.767 1.485
202009 1.322 109.815 1.624
202012 1.334 109.897 1.638
202103 2.015 111.754 2.433
202106 1.573 114.631 1.851
202109 1.599 115.734 1.864
202112 1.800 117.630 2.065
202203 1.959 121.301 2.179
202206 2.106 125.017 2.273
202209 2.451 125.227 2.641
202212 6.125 125.222 6.600
202303 3.586 127.348 3.799
202306 4.045 128.729 4.240
202309 4.261 129.860 4.427
202312 9.094 129.419 9.481
202403 7.386 131.776 7.563
202406 8.009 132.554 8.152
202409 8.758 133.029 8.883
202412 10.292 133.157 10.429
202503 11.280 134.927 11.280

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.


Deniz Gayrimenkul Yatirim Ortakligi AS  (IST:DZGYO) 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.


Deniz Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms

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Deniz Gayrimenkul Yatirim Ortakligi AS Business Description

Traded in Other Exchanges
N/A
Address
Buyukdere Caddesi No.106, Esentepe, Istanbul, TUR, 34394
Deniz Gayrimenkul Yatirim Ortakligi AS operates as a capital market institution. The company exports its shares to operate its portfolio consisting of real estates, real estate projects, real estate based rights, capital market instruments and other assets. Its portfolio of investments includes Bahcesehir shopping mall, Goksu shopping mall, Metrokent center shopping mall, Metrokent education buildings, and Karakoy building.

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