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Karsan Otomotivnayii Ve Ticaret ASIST:KARSN +1.01%53 Cyclically Adjusted PB Ratio is 3.79 as of Aug. 03, 2026, which is 30% below its 10-year median of 5.41. GuruFocus rates IST:KARSN with a GF Score™ of 53/100 and a GF Value™ of ₺20.12 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, Karsan Otomotivnayii Ve Ticaret AS ranks worse than 83.73% on this metric.
The historical rank and industry rank for Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:
IST:KARSN'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54 Med: 5.41 Max: 16.35
Current: 4.11
During the past years, Karsan Otomotivnayii Ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 16.35. The lowest was 1.54. And the median was 5.41.
IST:KARSN's Cyclically Adjusted PB Ratio is ranked worse than 83.73% of 166
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.535
vs IST:KARSN: 4.11
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.
Karsan Otomotivnayii Ve Ticaret AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺8.886. 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 ₺2.65 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) 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.
Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms
Karsan Otomotivnayii Ve Ticaret 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.
Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PB Ratio Chart
IST:KARSN vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison
For the Farm & Heavy Construction Machinery subindustry, Karsan Otomotivnayii 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.
Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.
Karsan Otomotivnayii 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.
* 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 3.79 mean?
Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) has a Cyclically Adjusted PB Ratio of 3.79 as of Aug. 03, 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 Karsan Otomotivnayii Ve Ticaret AS and its competitors. This is 30% below median its historical median of 5.41. Over the past decade, Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 1.54 to 16.35. According to the industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #139 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 83.7%.
Is Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PB Ratio too high?
Karsan Otomotivnayii Ve Ticaret AS's current Cyclically Adjusted PB Ratio of 3.79 is 30% below median its 10-year median of 5.41. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 16.35. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.54. Karsan Otomotivnayii Ve Ticaret AS's value of 3.79 is 146.9% above this industry median. Based on the distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #139 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Karsan Otomotivnayii Ve Ticaret AS has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #139 out of 166 companies for Cyclically Adjusted PB Ratio. This places Karsan Otomotivnayii Ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. Karsan Otomotivnayii Ve Ticaret AS's value of 3.79 is 146.9% above this benchmark. Historically, Karsan Otomotivnayii Ve Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 1.54 to 16.35 over the past decade. While the company's 10-year median is 5.41 vs. the industry median of 1.54, Karsan Otomotivnayii 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 a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PB Ratio among Farm & Heavy Construction Machinery companies is 1.54, based on 166 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. Karsan Otomotivnayii Ve Ticaret AS's current Cyclically Adjusted PB Ratio of 3.79 is 146.9% 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 Karsan Otomotivnayii Ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karsan Otomotivnayii Ve Ticaret AS's current Cyclically Adjusted PB Ratio is 3.79, which is 30% below median its own 10-year median of 5.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karsan Otomotivnayii Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) is currently considered Possible Value Trap. The stock's GF Value™ is ₺20.12, compared to a current price of ₺10.05 — trading 50% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.79, which is 30% below median its 10-year median of 5.41 and 146.9% above the Farm & Heavy Construction Machinery industry median of 1.54. Karsan Otomotivnayii Ve Ticaret AS's overall GF Score™ is 53/100 with 8 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 Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN), the current Cyclically Adjusted PB Ratio is 3.79 as of Aug. 03, 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 Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) Overvalued in 2026?
Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS stock appears to be undervalued.
The current stock price of ₺10.05 is trading 50% below its estimated GF Value™ of ₺20.12.
GuruFocus considers Karsan Otomotivnayii Ve Ticaret AS to be Possible Value Trap.
Key valuation signals for IST:KARSN:
Cyclically Adjusted PB Ratio: 3.79 (30% below median its 10-year median of 5.41)
GF Value™: ₺20.12 vs. price of ₺10.05 (50% below fair value)
Industry Position: 146.9% above the Farm & Heavy Construction Machinery median (#139 of 166)
No single metric tells the full story. See the IST:KARSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karsan Otomotiv Sanayii Ve Ticaret AS is engaged in production, import and export of motor vehicles to automotive brands. It provides industrial services to automotive companies and its activities include the production of spare parts for automotive and other vehicles. The operating segments are Bus segment reports production of buses for municipalities, Karsan segment reports the production of commercial vehicles with its own brand, Spare Parts segment represents the production of spare parts and Industrial Sales segment reports the cataphoresis processes and tractor cabin. The group operates in Turkey and internationally and generates the majority of the revenue from the Hyundai segment.
53GF Score
Get the complete analysis for IST:KARSN
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