Enka Insaat Venayi AS (IST:ENKAI) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:ENKAI Enka Insaat Ve Sanayi AS IST:ENKAI
86 GF Score
Price ₺80.15
GF Value ₺109.54
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Enka Insaat Venayi AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Enka Insaat Venayi AS  (IST:ENKAI) 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.


Enka Insaat Venayi AS Cyclically Adjusted PB Ratio Related Terms


Enka Insaat Venayi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Enka Insaat Venayi 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.

Enka Insaat Venayi AS Cyclically Adjusted PB Ratio Chart

Enka Insaat Venayi 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 2.84 4.71 3.42 3.42 3.93

Enka Insaat Venayi 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 3.90 3.79 3.93 4.25 0.00

IST:ENKAI vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Enka Insaat Venayi 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.


Enka Insaat Venayi AS Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Enka Insaat Venayi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Enka Insaat Venayi AS's Cyclically Adjusted PB Ratio falls into.


IST:ENKAI
86GF Score
Enka Insaat Ve Sanayi AS IST:ENKAI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enka Insaat Venayi 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.

Enka Insaat Venayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Enka Insaat Venayi 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)
=69.528/333.9520*333.9520
=69.528

Current CPI (Jun. 2026) = 333.9520.

Enka Insaat Venayi AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 2.742 241.428 3.793
201612 3.309 241.432 4.577
201703 3.617 243.801 4.954
201706 3.471 244.955 4.732
201709 3.532 246.819 4.779
201712 3.958 246.524 5.362
201803 4.163 249.554 5.571
201806 4.687 251.989 6.212
201809 6.492 252.439 8.588
201812 5.465 251.233 7.264
201903 5.844 254.202 7.677
201906 6.274 256.143 8.180
201909 6.287 256.759 8.177
201912 6.493 256.974 8.438
202003 6.565 258.115 8.494
202006 7.296 257.797 9.451
202009 7.980 260.280 10.239
202012 8.617 260.474 11.048
202103 8.672 264.877 10.933
202106 9.761 271.696 11.998
202109 10.004 274.310 12.179
202112 15.499 278.802 18.565
202203 15.985 287.504 18.567
202206 18.398 296.311 20.735
202209 20.022 296.808 22.528
202212 21.112 296.797 23.755
202303 21.908 301.836 24.239
202306 26.247 305.109 28.728
202309 30.263 307.789 32.835
202312 37.090 306.746 40.380
202403 41.218 312.332 44.071
202406 42.309 314.175 44.972
202409 45.632 315.301 48.331
202412 47.139 315.605 49.879
202503 51.986 319.799 54.287
202506 55.507 322.561 57.467
202509 60.119 324.800 61.813
202512 63.173 324.054 65.103
202603 65.570 330.213 66.312
202606 69.528 333.952 69.528

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.

Is Enka Insaat Venayi AS (IST:ENKAI) Overvalued in 2026?

Based on GuruFocus' analysis, Enka Insaat Venayi AS stock appears to be undervalued. The current stock price of ₺80.15 is trading 26.8% below its estimated GF Value™ of ₺109.54. GuruFocus considers Enka Insaat Venayi AS to be Modestly Undervalued.

Key valuation signals for IST:ENKAI:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₺109.54 vs. price of ₺80.15 (26.8% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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


Enka Insaat Venayi AS Business Description

Other Exchanges EKIVY:USA
Address Balmumcu Mah Zincirlikuyu Yolu No 10, Enka Binasi Besiktas, Istanbul, TUR, 34349
Enka Insaat Ve Sanayi AS provides a full range of design, engineering, construction, and project management services in various sectors. It creates power plants, production facilities, transportation systems, and other construction projects. If needed, the company will engineer and fabricate structures for installation and modularization. Enka Insaat Ve Sanayi has four operating segments: construction contracts; rental, trade and manufacturing; and energy (the majority of total revenue). Additional revenue is generated from aftermarket support and services, and the company utilizes a mix of traditional engineering disciplines to produce results. The company derives the majority of its revenue from Turkey, but the company does operate in various European nations.
86GF Score

Get the complete analysis for IST:ENKAI

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

₺80.15
Price
₺109.54
GF Value