Hedef Girisim Sermayesi Yati Ortakligi ASIST:HDFGS +5.17%70 Cyclically Adjusted PB Ratio is 2.26 as of Jul. 07, 2026, which is 13% above its 10-year median of 2.00. GuruFocus rates IST:HDFGS with a GF Score™ of 70/100 and a GF Value™ of ₺1.75 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,005 Asset Management companies, Hedef Girisim Sermayesi Yati Ortakligi AS ranks worse than 84.98% on this metric.
IST:HDFGS's Cyclically Adjusted PB Ratio is ranked worse than 84.98% of 1005
companies
in the Asset Management industry
Industry Median: 0.86
vs IST:HDFGS: 2.14
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.
Hedef Girisim Sermayesi Yati Ortakligi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺3.628. 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 ₺1.35 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) 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.
Hedef Girisim Sermayesi Yati Ortakligi AS Cyclically Adjusted PB Ratio Related Terms
Hedef Girisim Sermayesi Yati Ortakligi AS Cyclically Adjusted PB Ratio Historical Data
* 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.
Hedef Girisim Sermayesi Yati Ortakligi AS Cyclically Adjusted PB Ratio Chart
Hedef Girisim Sermayesi Yati Ortakligi AS Annual Data
IST:HDFGS vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison
For the Asset Management subindustry, Hedef Girisim Sermayesi Yati 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.
Hedef Girisim Sermayesi Yati Ortakligi AS Cyclically Adjusted PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hedef Girisim Sermayesi Yati Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Hedef Girisim Sermayesi Yati Ortakligi AS's Cyclically Adjusted PB Ratio falls into.
Hedef Girisim Sermayesi Yati 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.
* 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.
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 2.26 mean?
Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) has a Cyclically Adjusted PB Ratio of 2.26 as of Jul. 07, 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 Hedef Girisim Sermayesi Yati Ortakligi AS and its competitors. This is 13% above median its historical median of 2.00. Over the past decade, Hedef Girisim Sermayesi Yati Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 1.07 to 5.15. According to the industry distribution chart, Hedef Girisim Sermayesi Yati Ortakligi AS ranks #854 out of 1005 companies in the Asset Management industry, placing it in the top 85%.
Is Hedef Girisim Sermayesi Yati Ortakligi AS's Cyclically Adjusted PB Ratio too high?
Hedef Girisim Sermayesi Yati Ortakligi AS's current Cyclically Adjusted PB Ratio of 2.26 is 13% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 5.15. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.86. Hedef Girisim Sermayesi Yati Ortakligi AS's value of 2.26 is 162.8% above this industry median. Based on the distribution chart, Hedef Girisim Sermayesi Yati Ortakligi AS ranks #854 out of 1005 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Hedef Girisim Sermayesi Yati Ortakligi AS has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hedef Girisim Sermayesi Yati Ortakligi AS's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Hedef Girisim Sermayesi Yati Ortakligi AS ranks #854 out of 1005 companies for Cyclically Adjusted PB Ratio. This places Hedef Girisim Sermayesi Yati Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. Hedef Girisim Sermayesi Yati Ortakligi AS's value of 2.26 is 162.8% above this benchmark. Historically, Hedef Girisim Sermayesi Yati Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 5.15 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 0.86, Hedef Girisim Sermayesi Yati Ortakligi 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 Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.86, based on 1,005 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. Hedef Girisim Sermayesi Yati Ortakligi AS's current Cyclically Adjusted PB Ratio of 2.26 is 162.8% 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 Hedef Girisim Sermayesi Yati Ortakligi AS and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hedef Girisim Sermayesi Yati Ortakligi AS's current Cyclically Adjusted PB Ratio is 2.26, which is 13% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedef Girisim Sermayesi Yati Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1.75, compared to a current price of ₺3.05 — trading 74.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.26, which is 13% above median its 10-year median of 2.00 and 162.8% above the Asset Management industry median of 0.86. Hedef Girisim Sermayesi Yati Ortakligi AS's overall GF Score™ is 70/100 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 Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS), the current Cyclically Adjusted PB Ratio is 2.26 as of Jul. 07, 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 Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) Overvalued in 2026?
Based on GuruFocus' analysis, Hedef Girisim Sermayesi Yati Ortakligi AS stock appears to be overvalued.
The current stock price of ₺3.05 is trading 74.3% above its estimated GF Value™ of ₺1.75.
GuruFocus considers Hedef Girisim Sermayesi Yati Ortakligi AS to be Significantly Overvalued.
Key valuation signals for IST:HDFGS:
Cyclically Adjusted PB Ratio: 2.26 (13% above median its 10-year median of 2.00)
GF Value™: ₺1.75 vs. price of ₺3.05 (74.3% above fair value)
Industry Position: 162.8% above the Asset Management median (#854 of 1005)
No single metric tells the full story. See the IST:HDFGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hedef Girisim Sermayesi Yati Ortakligi AS Business Description
Hedef Girisim Sermayesi Yati Ortakligi AS makes direct and indirect investments across multiple sectors, with a primary focus on finance and technology. Its investment activities span areas including fintech, software, gaming, real estate, agriculture and food, marketing, media and publishing, education, logistics, healthcare products, materials such as polycarbonate and polymers, renewable energy, consulting, blockchain, cryptocurrency, and SaaS. The company holds investments in more than 15 portfolio companies across these sectors.
70GF Score
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