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Guler Yatirim Holding AS (IST:GLRYH) Cyclically Adjusted PB Ratio : 5.52 (As of Jun. 09, 2024)


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What is Guler Yatirim Holding AS Cyclically Adjusted PB Ratio?

As of today (2024-06-09), Guler Yatirim Holding AS's current share price is ₺11.10. Guler Yatirim Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺2.01. Guler Yatirim Holding AS's Cyclically Adjusted PB Ratio for today is 5.52.

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

IST:GLRYH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.68   Med: 5.49   Max: 12.05
Current: 5.53

During the past years, Guler Yatirim Holding AS's highest Cyclically Adjusted PB Ratio was 12.05. The lowest was 2.68. And the median was 5.49.

IST:GLRYH's Cyclically Adjusted PB Ratio is ranked worse than
94.63% of 950 companies
in the Asset Management industry
Industry Median: 0.8 vs IST:GLRYH: 5.53

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.

Guler Yatirim Holding AS's adjusted book value per share data for the three months ended in Dec. 2023 was ₺9.223. 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 ₺2.01 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Guler Yatirim Holding AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Guler Yatirim Holding 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.

Guler Yatirim Holding AS Cyclically Adjusted PB Ratio Chart

Guler Yatirim Holding AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 5.91 3.28 10.55 5.42

Guler Yatirim Holding AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.55 5.62 5.16 5.80 5.42

Competitive Comparison of Guler Yatirim Holding AS's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Guler Yatirim Holding 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.


Guler Yatirim Holding AS's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Guler Yatirim Holding AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Guler Yatirim Holding AS's Cyclically Adjusted PB Ratio falls into.



Guler Yatirim Holding 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.

Guler Yatirim Holding AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.10/2.01
=5.52

* 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.

Guler Yatirim Holding AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Guler Yatirim Holding AS's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=9.223/129.4194*129.4194
=9.223

Current CPI (Dec. 2023) = 129.4194.

Guler Yatirim Holding AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.392 99.695 0.509
201406 0.499 100.560 0.642
201409 0.507 100.428 0.653
201412 0.503 99.070 0.657
201503 0.581 99.621 0.755
201506 0.000 100.684 0.000
201509 0.608 100.392 0.784
201512 0.653 99.792 0.847
201603 0.474 100.470 0.611
201606 0.508 101.688 0.647
201609 0.520 101.861 0.661
201612 0.501 101.863 0.637
201703 0.504 102.862 0.634
201706 0.443 103.349 0.555
201709 0.511 104.136 0.635
201712 0.809 104.011 1.007
201803 0.492 105.290 0.605
201806 0.534 106.317 0.650
201809 0.583 106.507 0.708
201812 0.569 105.998 0.695
201903 0.554 107.251 0.669
201906 0.510 108.070 0.611
201909 0.515 108.329 0.615
201912 0.560 108.420 0.668
202003 0.614 108.902 0.730
202006 0.987 108.767 1.174
202009 1.103 109.815 1.300
202012 1.213 109.897 1.428
202103 1.664 111.754 1.927
202106 2.061 114.631 2.327
202109 2.355 115.734 2.633
202112 3.190 117.630 3.510
202203 3.857 121.301 4.115
202206 3.996 125.017 4.137
202209 3.619 125.227 3.740
202212 6.862 125.222 7.092
202303 4.447 127.348 4.519
202306 6.911 128.729 6.948
202309 8.030 129.860 8.003
202312 9.223 129.419 9.223

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.


Guler Yatirim Holding AS  (IST:GLRYH) 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.


Guler Yatirim Holding AS Cyclically Adjusted PB Ratio Related Terms

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Guler Yatirim Holding AS (IST:GLRYH) Business Description

Traded in Other Exchanges
N/A
Address
BeybiGiz Plaza Square Sokak No: 1, K: 2 D: 5-6, Maslak, Istanbul, TUR
Guler Yatirim Holding AS provides portfolio and asset management services.

Guler Yatirim Holding AS (IST:GLRYH) Headlines

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