Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS) Cyclically Adjusted PB Ratio: 2.72 (As of Jul. 13, 2026) — 45% Below Median


IST:ERBOS Erbosan Erciyas Boru Sanayii ve Ticaret AS IST:ERBOS
65 GF Score
Price ₺168.90
GF Value ₺184.14
Valuation Fairly Valued
! 4 Warning Signs
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What is Erbosan Erciyas Borunayii ve Ticaret AS Cyclically Adjusted PB Ratio?

Erbosan Erciyas Borunayii ve Ticaret AS IST:ERBOS +0.48% 65 Cyclically Adjusted PB Ratio is 2.72 as of Jul. 13, 2026, which is 45% below its 10-year median of 4.98. GuruFocus rates IST:ERBOS with a GF Score™ of 65/100 and a GF Value™ of ₺184.14 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,296 Industrial Products companies, Erbosan Erciyas Borunayii ve Ticaret AS ranks worse than 56.27% on this metric.

As of today (2026-07-13), Erbosan Erciyas Borunayii ve Ticaret AS's current share price is ₺168.90. Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺62.03. Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio for today is 2.72.

The historical rank and industry rank for Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:ERBOS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.82   Med: 4.98   Max: 13.29
Current: 2.72

During the past years, Erbosan Erciyas Borunayii ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 13.29. The lowest was 1.82. And the median was 4.98.

IST:ERBOS's Cyclically Adjusted PB Ratio is ranked worse than
56.27% of 2296 companies
in the Industrial Products industry
Industry Median: 2.215 vs IST:ERBOS: 2.72

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.

Erbosan Erciyas Borunayii ve Ticaret AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺187.754. 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 ₺62.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Erbosan Erciyas Borunayii ve Ticaret AS  (IST:ERBOS) 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.


Erbosan Erciyas Borunayii ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms


Erbosan Erciyas Borunayii ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Erbosan Erciyas Borunayii ve Ticaret 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.

Erbosan Erciyas Borunayii ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Erbosan Erciyas Borunayii ve Ticaret 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 8.58 9.77 6.59 4.66 3.19

Erbosan Erciyas Borunayii ve Ticaret AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.70 2.97 3.60 3.19 2.96

IST:ERBOS vs ATI, CRS, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Erbosan Erciyas Borunayii ve Ticaret 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.


Erbosan Erciyas Borunayii ve Ticaret AS Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:ERBOS
65GF Score
Erbosan Erciyas Boru Sanayii ve Ticaret AS IST:ERBOS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Erbosan Erciyas Borunayii ve Ticaret 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.

Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=168.90/62.03
=2.72

* 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.

Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Erbosan Erciyas Borunayii ve Ticaret AS's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=187.754/330.2130*330.2130
=187.754

Current CPI (Mar. 2026) = 330.2130.

Erbosan Erciyas Borunayii ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 7.235 241.018 9.913
201609 7.581 241.428 10.369
201612 9.445 241.432 12.918
201703 10.142 243.801 13.737
201706 10.044 244.955 13.540
201709 10.820 246.819 14.476
201712 11.475 246.524 15.370
201803 12.496 249.554 16.535
201806 12.262 251.989 16.068
201809 13.256 252.439 17.340
201812 14.054 251.233 18.472
201903 15.146 254.202 19.675
201906 15.315 256.143 19.744
201909 15.913 256.759 20.465
201912 16.395 256.974 21.068
202003 17.098 258.115 21.874
202006 17.097 257.797 21.900
202009 18.015 260.280 22.855
202012 24.133 260.474 30.594
202103 26.624 264.877 33.191
202106 28.126 271.696 34.184
202109 30.443 274.310 36.647
202112 33.284 278.802 39.422
202203 40.146 287.504 46.110
202206 44.277 296.311 49.343
202209 46.540 296.808 51.778
202212 100.053 296.797 111.318
202303 52.956 301.836 57.935
202306 56.418 305.109 61.060
202309 60.799 307.789 65.229
202312 145.042 306.746 156.138
202403 112.085 312.332 118.502
202406 123.483 314.175 129.787
202409 126.853 315.301 132.852
202412 200.091 315.605 209.352
202503 134.989 319.799 139.385
202506 143.619 322.561 147.026
202509 155.874 324.800 158.472
202512 175.595 324.054 178.932
202603 187.754 330.213 187.754

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 2.72 mean?
Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS) has a Cyclically Adjusted PB Ratio of 2.72 as of Jul. 13, 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 Erbosan Erciyas Borunayii ve Ticaret AS and its competitors. This is 45% below median its historical median of 4.98. Over the past decade, Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 1.82 to 13.29. According to the industry distribution chart, Erbosan Erciyas Borunayii ve Ticaret AS ranks #1292 out of 2296 companies in the Industrial Products industry, placing it in the top 56.3%.
Is Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio too high?
Erbosan Erciyas Borunayii ve Ticaret AS's current Cyclically Adjusted PB Ratio of 2.72 is 45% below median its 10-year median of 4.98. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 13.29. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.22. Erbosan Erciyas Borunayii ve Ticaret AS's value of 2.72 is 22.8% above this industry median. Based on the distribution chart, Erbosan Erciyas Borunayii ve Ticaret AS ranks #1292 out of 2296 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Erbosan Erciyas Borunayii ve Ticaret AS has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Erbosan Erciyas Borunayii ve Ticaret AS's Cyclically Adjusted PB Ratio compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Erbosan Erciyas Borunayii ve Ticaret AS ranks #1292 out of 2296 companies for Cyclically Adjusted PB Ratio. This places Erbosan Erciyas Borunayii ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.22. Erbosan Erciyas Borunayii ve Ticaret AS's value of 2.72 is 22.8% above this benchmark. Historically, Erbosan Erciyas Borunayii ve Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 1.82 to 13.29 over the past decade. While the company's 10-year median is 4.98 vs. the industry median of 2.22, Erbosan Erciyas Borunayii ve Ticaret 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.22, based on 2,296 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. Erbosan Erciyas Borunayii ve Ticaret AS's current Cyclically Adjusted PB Ratio of 2.72 is 22.8% 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 Erbosan Erciyas Borunayii ve Ticaret AS and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Erbosan Erciyas Borunayii ve Ticaret AS's current Cyclically Adjusted PB Ratio is 2.72, which is 45% below median its own 10-year median of 4.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Erbosan Erciyas Borunayii ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS) is currently considered Fairly Valued. The stock's GF Value™ is ₺184.14, compared to a current price of ₺168.90 — trading 8.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.72, which is 45% below median its 10-year median of 4.98 and 22.8% above the Industrial Products industry median of 2.22. Erbosan Erciyas Borunayii ve Ticaret AS's overall GF Score™ is 65/100 with 4 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 Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS), the current Cyclically Adjusted PB Ratio is 2.72 as of Jul. 13, 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 Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS) Overvalued in 2026?

Based on GuruFocus' analysis, Erbosan Erciyas Borunayii ve Ticaret AS stock appears to be undervalued. The current stock price of ₺168.90 is trading 8.3% below its estimated GF Value™ of ₺184.14. GuruFocus considers Erbosan Erciyas Borunayii ve Ticaret AS to be Fairly Valued.

Key valuation signals for IST:ERBOS:

  • Cyclically Adjusted PB Ratio: 2.72 (45% below median its 10-year median of 4.98)
  • GF Value™: ₺184.14 vs. price of ₺168.90 (8.3% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 22.8% above the Industrial Products median (#1292 of 2296)

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


Erbosan Erciyas Borunayii ve Ticaret AS Business Description

Address 895 Sokak PK.375, Anbar Mahallesi, Kayseri, TUR
Erbosan Erciyas Boru Sanayii ve Ticaret AS is a Turkey-based company engaged mainly in the business of manufacturing pipes. The product portfolio of the company includes Black Pipes, Galvanized Pipes, Hollow Sections, Gas and Line Pipes, Industrial Tubes and Sprinkler Pipes.
65GF Score

Get the complete analysis for IST:ERBOS

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

₺168.90
Price
₺184.14
GF Value