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Kiler Gayrimenkul Yatirim Ortakligi AS (IST:KLGYO) Cyclically Adjusted PB Ratio : 2.39 (As of Jun. 19, 2024)


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What is Kiler Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

As of today (2024-06-19), Kiler Gayrimenkul Yatirim Ortakligi AS's current share price is ₺5.54. Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺2.32. Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 2.39.

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

IST:KLGYO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 1.3   Max: 2.99
Current: 2.39

During the past years, Kiler Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 2.99. The lowest was 0.37. And the median was 1.30.

IST:KLGYO's Cyclically Adjusted PB Ratio is ranked worse than
89.07% of 494 companies
in the REITs industry
Industry Median: 0.735 vs IST:KLGYO: 2.39

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.

Kiler Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Dec. 2023 was ₺8.801. 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 ₺2.32 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kiler Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kiler Gayrimenkul 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.

* Premium members only.

Kiler Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Kiler Gayrimenkul Yatirim Ortakligi 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 0.77 1.70 0.94 2.30 1.24

Kiler Gayrimenkul Yatirim Ortakligi 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 2.30 1.31 1.40 1.86 1.24

Competitive Comparison of Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Kiler Gayrimenkul 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.


Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.



Kiler Gayrimenkul 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.

Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.54/2.32
=2.39

* 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.

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

For example, Kiler Gayrimenkul Yatirim Ortakligi 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)
=8.801/129.4194*129.4194
=8.801

Current CPI (Dec. 2023) = 129.4194.

Kiler Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.521 99.695 0.676
201406 0.537 100.560 0.691
201409 0.518 100.428 0.668
201412 1.127 99.070 1.472
201503 0.461 99.621 0.599
201506 0.439 100.684 0.564
201509 0.368 100.392 0.474
201512 1.346 99.792 1.746
201603 0.412 100.470 0.531
201606 1.370 101.688 1.744
201609 1.348 101.861 1.713
201612 1.400 101.863 1.779
201703 1.782 102.862 2.242
201706 1.846 103.349 2.312
201709 1.834 104.136 2.279
201712 1.838 104.011 2.287
201803 1.938 105.290 2.382
201806 1.925 106.317 2.343
201809 1.890 106.507 2.297
201812 2.087 105.998 2.548
201903 2.066 107.251 2.493
201906 1.887 108.070 2.260
201909 1.943 108.329 2.321
201912 1.293 108.420 1.543
202003 1.321 108.902 1.570
202006 1.285 108.767 1.529
202009 1.326 109.815 1.563
202012 1.526 109.897 1.797
202103 1.561 111.754 1.808
202106 1.568 114.631 1.770
202109 1.848 115.734 2.067
202112 2.214 117.630 2.436
202203 2.002 121.301 2.136
202206 2.217 125.017 2.295
202209 2.484 125.227 2.567
202212 7.784 125.222 8.045
202303 4.242 127.348 4.311
202306 5.013 128.729 5.040
202309 5.185 129.860 5.167
202312 8.801 129.419 8.801

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.


Kiler Gayrimenkul Yatirim Ortakligi AS  (IST:KLGYO) 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.


Kiler Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms

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Kiler Gayrimenkul Yatirim Ortakligi AS (IST:KLGYO) Business Description

Traded in Other Exchanges
N/A
Address
Namik Kemal Mahallesi Kiler Caddesi No 96, Haramidere Esenyurt, Istanbul, TUR, 34513
Kiler Gayrimenkul Yatirim Ortakligi AS is a Turkey-based company which operates as a real estate investment trust. It is involved in Land Development, Project Development, Design, Planning, and Authorization Process and After Sales Services among others.

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