ICU Girisim Sermayesi Yatirim Ortakligi AS (IST:ICUGS) Cyclically Adjusted PB Ratio: 18.75 (As of Jul. 25, 2026) — Near Median

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IST:ICUGS ICU Girisim Sermayesi Yatirim Ortakligi AS IST:ICUGS
15 GF Score
Price ₺6.00
! 1 Warning Sign
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What is ICU Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

ICU Girisim Sermayesi Yatirim Ortakligi AS IST:ICUGS -3.07% 15 Cyclically Adjusted PB Ratio is 18.75 as of Jul. 25, 2026, which is 9% below its 10-year median of 20.70. GuruFocus rates IST:ICUGS with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 1,000 Asset Management companies, ICU Girisim Sermayesi Yatirim Ortakligi AS ranks worse than 99.3% on this metric.

As of today (2026-07-25), ICU Girisim Sermayesi Yatirim Ortakligi AS's current share price is ₺6.00. ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺0.32. ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 18.75.

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

IST:ICUGS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.62   Med: 20.7   Max: 29.8
Current: 18.47

During the past years, ICU Girisim Sermayesi Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 29.80. The lowest was 8.62. And the median was 20.70.

IST:ICUGS's Cyclically Adjusted PB Ratio is ranked worse than
99.3% of 1000 companies
in the Asset Management industry
Industry Median: 0.85 vs IST:ICUGS: 18.47

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.

ICU Girisim Sermayesi Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺1.275. 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 ₺0.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ICU Girisim Sermayesi Yatirim Ortakligi AS  (IST:ICUGS) 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.


ICU Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms


ICU Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ICU Girisim Sermayesi 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.

ICU Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

ICU Girisim Sermayesi Yatirim Ortakligi 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 2.38 5.65 13.31 20.06 8.91

ICU Girisim Sermayesi Yatirim Ortakligi AS Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 21.02 20.06 0.00 8.91 10.16

IST:ICUGS vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, ICU Girisim Sermayesi 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.


ICU Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio vs Asset Management Industry

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

* The bar in red indicates where ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.


IST:ICUGS
15GF Score
ICU Girisim Sermayesi Yatirim Ortakligi AS IST:ICUGS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ICU Girisim Sermayesi 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.

ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.00/0.32
=18.75

* 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.

ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ICU Girisim Sermayesi Yatirim Ortakligi 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)
=1.275/330.2130*330.2130
=1.275

Current CPI (Mar. 2026) = 330.2130.

ICU Girisim Sermayesi Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.125 236.525 0.175
201603 0.107 238.132 0.148
201606 0.113 241.018 0.155
201609 0.107 241.428 0.146
201612 0.082 241.432 0.112
201703 0.077 243.801 0.104
201706 0.037 244.955 0.050
201709 0.032 246.819 0.043
201712 0.117 246.524 0.157
201803 0.114 249.554 0.151
201806 0.125 251.989 0.164
201809 0.138 252.439 0.181
201812 0.122 251.233 0.160
201903 0.126 254.202 0.164
201906 0.122 256.143 0.157
201909 0.116 256.759 0.149
201912 0.124 256.974 0.159
202003 0.128 258.115 0.164
202006 0.115 257.797 0.147
202009 0.126 260.280 0.160
202012 0.120 260.474 0.152
202103 0.123 264.877 0.153
202106 0.096 271.696 0.117
202109 0.095 274.310 0.114
202112 0.106 278.802 0.126
202203 0.106 287.504 0.122
202206 0.104 296.311 0.116
202209 0.090 296.808 0.100
202212 0.261 296.797 0.290
202303 0.102 301.836 0.112
202306 0.084 305.109 0.091
202309 0.068 307.789 0.073
202312 0.320 306.746 0.344
202403 1.073 312.332 1.134
202406 1.125 314.175 1.182
202409 1.167 315.301 1.222
202412 1.779 315.605 1.861
202503 0.000 319.799 0.000
202512 1.212 324.054 1.235
202603 1.275 330.213 1.275

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 18.75 mean?
ICU Girisim Sermayesi Yatirim Ortakligi AS (IST:ICUGS) has a Cyclically Adjusted PB Ratio of 18.75 as of Jul. 25, 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 ICU Girisim Sermayesi Yatirim Ortakligi AS and its competitors. This is near median its historical median of 20.70. Over the past decade, ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 8.62 to 29.80. According to the industry distribution chart, ICU Girisim Sermayesi Yatirim Ortakligi AS ranks #993 out of 1000 companies in the Asset Management industry, placing it in the top 99.3%.
Is ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio too high?
ICU Girisim Sermayesi Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 18.75 is near median its 10-year median of 20.70. Over the past 10 years, this metric has ranged from a low of 8.62 to a high of 29.80. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. ICU Girisim Sermayesi Yatirim Ortakligi AS's value of 18.75 is 2105.9% above this industry median. Based on the distribution chart, ICU Girisim Sermayesi Yatirim Ortakligi AS ranks #993 out of 1000 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, ICU Girisim Sermayesi Yatirim Ortakligi AS has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does ICU Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, ICU Girisim Sermayesi Yatirim Ortakligi AS ranks #993 out of 1000 companies for Cyclically Adjusted PB Ratio. This places ICU Girisim Sermayesi Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. ICU Girisim Sermayesi Yatirim Ortakligi AS's value of 18.75 is 2105.9% above this benchmark. Historically, ICU Girisim Sermayesi Yatirim Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 8.62 to 29.80 over the past decade. While the company's 10-year median is 20.70 vs. the industry median of 0.85, ICU Girisim Sermayesi Yatirim 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 0.85, based on 1,000 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. ICU Girisim Sermayesi Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 18.75 is 2105.9% 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 ICU Girisim Sermayesi Yatirim Ortakligi AS and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICU Girisim Sermayesi Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio is 18.75, which is near median its own 10-year median of 20.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICU Girisim Sermayesi Yatirim Ortakligi AS stock overvalued right now?
ICU Girisim Sermayesi Yatirim Ortakligi AS (IST:ICUGS) has a current Cyclically Adjusted PB Ratio of 18.75. The current Cyclically Adjusted PB Ratio is 18.75, which is near median its 10-year median of 20.70 and 2105.9% above the Asset Management industry median of 0.85. ICU Girisim Sermayesi Yatirim Ortakligi AS's overall GF Score™ is 15/100 with 1 warning sign 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 ICU Girisim Sermayesi Yatirim Ortakligi AS (IST:ICUGS), the current Cyclically Adjusted PB Ratio is 18.75 as of Jul. 25, 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.

ICU Girisim Sermayesi Yatirim Ortakligi AS Business Description

Address Sair Esref Boulevard Ragip Samli Business Center, Block No. 6 Ic Kapi No. 706, Ismet Kaptan District, Izmir, Konak, TUR, 34398
ICU Girisim Sermayesi Yatirim Ortakligi AS is a Turkey based investment banking company. It operates as a venture capital company. The company invests in portfolio of companies which includes OEP RHEA Turkey Tech, Seta Medical, Netsafe Information System, and RML Lines.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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