Kiler Gayrimenkul Yatirim Ortakligi AS (IST:KLGYO) Cyclically Adjusted PB Ratio: 0.80 (As of Aug. 26, 2026) — 38% Below Median

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IST:KLGYO Kiler Gayrimenkul Yatirim Ortakligi AS IST:KLGYO
38 GF Score
Price ₺5.02
GF Value ₺1.98
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

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

Kiler Gayrimenkul Yatirim Ortakligi AS IST:KLGYO +6.13% 38 Cyclically Adjusted PB Ratio is 0.80 as of Aug. 26, 2026, which is 38% below its 10-year median of 1.29. GuruFocus rates IST:KLGYO with a GF Score™ of 38/100 and a GF Value™ of ₺1.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 549 REITs companies, Kiler Gayrimenkul Yatirim Ortakligi AS ranks better than 55.56% on this metric.

As of today (2026-08-26), Kiler Gayrimenkul Yatirim Ortakligi AS's current share price is ₺5.02. Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺6.31. Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 0.80.

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: 1.29   Max: 2.66
Current: 0.72

During the past years, Kiler Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.37. And the median was 1.29.

IST:KLGYO's Cyclically Adjusted PB Ratio is ranked better than
55.56% of 549 companies
in the REITs industry
Industry Median: 0.79 vs IST:KLGYO: 0.72

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 Jun. 2026 was ₺19.469. 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 ₺6.31 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Kiler Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Kiler Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Kiler Gayrimenkul 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 0.94 2.30 1.19 1.23 1.16

Kiler Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.39 1.26 1.16 0.86 0.81

IST:KLGYO vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


IST:KLGYO
38GF Score
Kiler Gayrimenkul Yatirim Ortakligi AS IST:KLGYO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=5.02/6.31
=0.80

* 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 Jun. 2026 is calculated as:

For example, Kiler Gayrimenkul Yatirim Ortakligi AS's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.469/333.9520*333.9520
=19.469

Current CPI (Jun. 2026) = 333.9520.

Kiler Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.348 241.428 1.865
201612 1.400 241.432 1.936
201703 1.782 243.801 2.441
201706 1.846 244.955 2.517
201709 1.834 246.819 2.481
201712 1.838 246.524 2.490
201803 1.938 249.554 2.593
201806 1.925 251.989 2.551
201809 1.890 252.439 2.500
201812 2.087 251.233 2.774
201903 2.066 254.202 2.714
201906 1.887 256.143 2.460
201909 1.943 256.759 2.527
201912 1.293 256.974 1.680
202003 1.321 258.115 1.709
202006 1.285 257.797 1.665
202009 1.326 260.280 1.701
202012 1.526 260.474 1.956
202103 1.561 264.877 1.968
202106 1.568 271.696 1.927
202109 1.848 274.310 2.250
202112 2.214 278.802 2.652
202203 2.002 287.504 2.325
202206 2.217 296.311 2.499
202209 2.484 296.808 2.795
202212 7.784 296.797 8.758
202303 4.242 301.836 4.693
202306 5.013 305.109 5.487
202309 5.185 307.789 5.626
202312 12.706 306.746 13.833
202403 10.320 312.332 11.034
202406 11.100 314.175 11.799
202409 12.025 315.301 12.736
202412 17.436 315.605 18.450
202503 14.463 319.799 15.103
202506 15.257 322.561 15.796
202509 16.183 324.800 16.639
202512 16.962 324.054 17.480
202603 18.287 330.213 18.494
202606 19.469 333.952 19.469

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 0.80 mean?
Kiler Gayrimenkul Yatirim Ortakligi AS (IST:KLGYO) has a Cyclically Adjusted PB Ratio of 0.80 as of Aug. 26, 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 Kiler Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 38% below median its historical median of 1.29. Over the past decade, Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.66. According to the industry distribution chart, Kiler Gayrimenkul Yatirim Ortakligi AS ranks #244 out of 549 companies in the REITs industry, placing it in the top 44.4%.
Is Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio too high?
Kiler Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 0.80 is 38% below median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.66. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Kiler Gayrimenkul Yatirim Ortakligi AS's value of 0.80 is 1.3% above this industry median. Based on the distribution chart, Kiler Gayrimenkul Yatirim Ortakligi AS ranks #244 out of 549 companies in the REITs industry, which is above the industry midpoint. Overall, Kiler Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kiler Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Kiler Gayrimenkul Yatirim Ortakligi AS ranks #244 out of 549 companies for Cyclically Adjusted PB Ratio. This puts Kiler Gayrimenkul Yatirim Ortakligi AS in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. Kiler Gayrimenkul Yatirim Ortakligi AS's value of 0.80 is 1.3% above this benchmark. Historically, Kiler Gayrimenkul Yatirim Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 2.66 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 0.79, Kiler Gayrimenkul 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 a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.79, based on 549 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. Kiler Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 0.80 is 1.3% 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 Kiler Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kiler Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio is 0.80, which is 38% below median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kiler Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Kiler Gayrimenkul Yatirim Ortakligi AS (IST:KLGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1.98, compared to a current price of ₺5.02 — trading 153.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.80, which is 38% below median its 10-year median of 1.29 and 1.3% above the REITs industry median of 0.79. Kiler Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 38/100 with 5 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 Kiler Gayrimenkul Yatirim Ortakligi AS (IST:KLGYO), the current Cyclically Adjusted PB Ratio is 0.80 as of Aug. 26, 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 Kiler Gayrimenkul Yatirim Ortakligi AS (IST:KLGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Kiler Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺5.02 is trading 153.5% above its estimated GF Value™ of ₺1.98. GuruFocus considers Kiler Gayrimenkul Yatirim Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:KLGYO:

  • Cyclically Adjusted PB Ratio: 0.80 (38% below median its 10-year median of 1.29)
  • GF Value™: ₺1.98 vs. price of ₺5.02 (153.5% above fair value)
  • GF Score™: 38/100 with 5 warning signs
  • Industry Position: 1.3% above the REITs median (#244 of 549)

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


Kiler Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
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.
38GF Score

Get the complete analysis for IST:KLGYO

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

₺5.02
Price
₺1.98
GF Value