Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) Cyclically Adjusted PB Ratio: 1.60 (As of Aug. 01, 2026) — 51% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:KATMR Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS IST:KATMR
59 GF Score
Price ₺2.21
GF Value ₺1.72
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Cyclically Adjusted PB Ratio?

Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS IST:KATMR 59 Cyclically Adjusted PB Ratio is 1.60 as of Aug. 01, 2026, which is 51% below its 10-year median of 3.26. GuruFocus rates IST:KATMR with a GF Score™ of 59/100 and a GF Value™ of ₺1.72 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 166 Farm & Heavy Construction Machinery companies, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS ranks worse than 55.42% on this metric.

As of today (2026-08-01), Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's current share price is ₺2.21. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺1.38. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio for today is 1.60.

The historical rank and industry rank for Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:KATMR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.53   Med: 3.26   Max: 9.92
Current: 1.75

During the past years, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 9.92. The lowest was 1.53. And the median was 3.26.

IST:KATMR's Cyclically Adjusted PB Ratio is ranked worse than
55.42% of 166 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.55 vs IST:KATMR: 1.75

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.

Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺4.614. 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 ₺1.38 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS  (IST:KATMR) 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.


Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms


Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Katmerciler Arac Ustu Ekipmannayi 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.

Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Katmerciler Arac Ustu Ekipmannayi 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 3.87 5.16 2.74 1.90 2.24

Katmerciler Arac Ustu Ekipmannayi 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 1.76 1.76 2.58 2.24 1.94

IST:KATMR vs CAT, DE, PCAR: Cyclically Adjusted PB Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Katmerciler Arac Ustu Ekipmannayi 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.


Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Cyclically Adjusted PB Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:KATMR
59GF Score
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS IST:KATMR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Katmerciler Arac Ustu Ekipmannayi 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.

Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.21/1.38
=1.60

* 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.

Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Katmerciler Arac Ustu Ekipmannayi 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)
=4.614/330.2130*330.2130
=4.614

Current CPI (Mar. 2026) = 330.2130.

Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.199 241.018 0.273
201609 0.201 241.428 0.275
201612 0.206 241.432 0.282
201703 0.214 243.801 0.290
201706 0.222 244.955 0.299
201709 0.240 246.819 0.321
201712 0.264 246.524 0.354
201803 0.273 249.554 0.361
201806 0.281 251.989 0.368
201809 0.219 252.439 0.286
201812 0.217 251.233 0.285
201903 0.203 254.202 0.264
201906 0.148 256.143 0.191
201909 0.240 256.759 0.309
201912 0.209 256.974 0.269
202003 0.182 258.115 0.233
202006 0.167 257.797 0.214
202009 0.198 260.280 0.251
202012 0.385 260.474 0.488
202103 0.350 264.877 0.436
202106 0.339 271.696 0.412
202109 0.622 274.310 0.749
202112 0.604 278.802 0.715
202203 0.611 287.504 0.702
202206 0.623 296.311 0.694
202209 0.924 296.808 1.028
202212 2.759 296.797 3.070
202303 0.979 301.836 1.071
202306 1.017 305.109 1.101
202309 1.035 307.789 1.110
202312 3.282 306.746 3.533
202403 2.728 312.332 2.884
202406 2.776 314.175 2.918
202409 3.040 315.301 3.184
202412 4.923 315.605 5.151
202503 4.317 319.799 4.458
202506 3.546 322.561 3.630
202509 3.810 324.800 3.873
202512 4.015 324.054 4.091
202603 4.614 330.213 4.614

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 1.60 mean?
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) has a Cyclically Adjusted PB Ratio of 1.60 as of Aug. 01, 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 Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS and its competitors. This is 51% below median its historical median of 3.26. Over the past decade, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 1.53 to 9.92. According to the industry distribution chart, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS ranks #92 out of 166 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 55.4%.
Is Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio too high?
Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's current Cyclically Adjusted PB Ratio of 1.60 is 51% below median its 10-year median of 3.26. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 9.92. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PB Ratio is 1.55. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's value of 1.60 is 3.2% above this industry median. Based on the distribution chart, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS ranks #92 out of 166 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS has a GF Scoreâ„¢ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's Cyclically Adjusted PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS ranks #92 out of 166 companies for Cyclically Adjusted PB Ratio. This places Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.55. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's value of 1.60 is 3.2% above this benchmark. Historically, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 1.53 to 9.92 over the past decade. While the company's 10-year median is 3.26 vs. the industry median of 1.55, Katmerciler Arac Ustu Ekipmannayi 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 1.55, 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. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's current Cyclically Adjusted PB Ratio of 1.60 is 3.2% 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 Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's current Cyclically Adjusted PB Ratio is 1.60, which is 51% below median its own 10-year median of 3.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺1.72, compared to a current price of ₺2.21 — trading 28.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.60, which is 51% below median its 10-year median of 3.26 and 3.2% above the Farm & Heavy Construction Machinery industry median of 1.55. Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS's overall GF Score™ is 59/100 with 9 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 Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR), the current Cyclically Adjusted PB Ratio is 1.60 as of Aug. 01, 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 Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS (IST:KATMR) Overvalued in 2026?

Based on GuruFocus' analysis, Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺2.21 is trading 28.5% above its estimated GF Value™ of ₺1.72. GuruFocus considers Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS to be Modestly Overvalued.

Key valuation signals for IST:KATMR:

  • Cyclically Adjusted PB Ratio: 1.60 (51% below median its 10-year median of 3.26)
  • GF Value™: ₺1.72 vs. price of ₺2.21 (28.5% above fair value)
  • GF Score™: 59/100 with 9 warning signs
  • Industry Position: 3.2% above the Farm & Heavy Construction Machinery median (#92 of 166)

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


Katmerciler Arac Ustu Ekipmannayi ve Ticaret AS Business Description

Address Ataturk Organized Industrial Zone, Sokak Number 10, Bolgesi Cigli, Izmir, TUR, 10032
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS is a manufacturer of automobiles like fighting vehicles, environmental vehicles, transport vehicles, defense Industry vehicles, construction industry vehicles and more. These products include onboard equipment with different functions, which are indispensable for easier life in safer, cleaner, humanitarian standards, from garbage trucks from fire engines, ducting vehicles from tankers, rescue vehicles from tankers, mobile maintenance vehicles from dumper.
59GF Score

Get the complete analysis for IST:KATMR

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

₺2.21
Price
₺1.72
GF Value