Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) Cyclically Adjusted PB Ratio: 18.50 (As of Aug. 07, 2026) — Near Median

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IST:LINK Link Bilgisayar Systemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS IST:LINK
80 GF Score
Price ₺5.92
GF Value ₺24.43
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Cyclically Adjusted PB Ratio?

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS IST:LINK -2.15% 80 Cyclically Adjusted PB Ratio is 18.50 as of Aug. 07, 2026, which is 5% below its 10-year median of 19.56. GuruFocus rates IST:LINK with a GF Score™ of 80/100 and a GF Value™ of ₺24.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,564 Software companies, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ranks worse than 96.23% on this metric.

As of today (2026-08-07), Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's current share price is ₺5.92. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was ₺0.32. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio for today is 18.50.

The historical rank and industry rank for Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:LINK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 10.3   Med: 19.56   Max: 136.38
Current: 19.48

During the past years, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 136.38. The lowest was 10.30. And the median was 19.56.

IST:LINK's Cyclically Adjusted PB Ratio is ranked worse than
96.23% of 1564 companies
in the Software industry
Industry Median: 2.245 vs IST:LINK: 19.48

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.

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's adjusted book value per share data for the three months ended in Dec. 2025 was ₺1.820. 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 Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS  (IST:LINK) 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.


Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms


Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Link Bilgisayar Systemleri Yazilimi ve Donaniminayi 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.

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi 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 11.74 17.81 49.03 72.14 16.41

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 72.14 63.11 67.46 29.96 16.41

IST:LINK vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi 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.


Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:LINK
80GF Score
Link Bilgisayar Systemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS IST:LINK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi 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.

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5.92/0.32
=18.50

* 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.

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.82/324.0540*324.0540
=1.820

Current CPI (Dec. 2025) = 324.0540.

Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.031 238.132 0.042
201606 0.030 241.018 0.040
201609 0.030 241.428 0.040
201612 0.038 241.432 0.051
201703 0.036 243.801 0.048
201706 0.036 244.955 0.048
201709 0.037 246.819 0.049
201712 0.046 246.524 0.060
201803 0.048 249.554 0.062
201806 0.051 251.989 0.066
201809 0.058 252.439 0.074
201812 0.062 251.233 0.080
201903 0.064 254.202 0.082
201906 0.065 256.143 0.082
201909 0.065 256.759 0.082
201912 0.077 256.974 0.097
202003 0.081 258.115 0.102
202006 0.087 257.797 0.109
202009 0.091 260.280 0.113
202012 0.101 260.474 0.126
202103 0.109 264.877 0.133
202106 0.106 271.696 0.126
202109 0.109 274.310 0.129
202112 0.152 278.802 0.177
202203 0.163 287.504 0.184
202206 0.152 296.311 0.166
202209 0.027 296.808 0.029
202212 0.377 296.797 0.412
202303 0.221 301.836 0.237
202306 0.215 305.109 0.228
202309 0.233 307.789 0.245
202312 0.462 306.746 0.488
202403 0.357 312.332 0.370
202406 0.403 314.175 0.416
202409 0.436 315.301 0.448
202412 1.459 315.605 1.498
202503 1.268 319.799 1.285
202506 1.481 322.561 1.488
202509 1.565 324.800 1.561
202512 1.820 324.054 1.820

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 18.50 mean?
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) has a Cyclically Adjusted PB Ratio of 18.50 as of Aug. 07, 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 Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS and its competitors. This is near median its historical median of 19.56. Over the past decade, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 10.30 to 136.38. According to the industry distribution chart, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ranks #1505 out of 1564 companies in the Software industry, placing it in the top 96.2%.
Is Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio too high?
Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's current Cyclically Adjusted PB Ratio of 18.50 is near median its 10-year median of 19.56. Over the past 10 years, this metric has ranged from a low of 10.30 to a high of 136.38. The Software industry median Cyclically Adjusted PB Ratio is 2.25. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's value of 18.50 is 724.1% above this industry median. Based on the distribution chart, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ranks #1505 out of 1564 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS ranks #1505 out of 1564 companies for Cyclically Adjusted PB Ratio. This places Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.25. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's value of 18.50 is 724.1% above this benchmark. Historically, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 10.30 to 136.38 over the past decade. While the company's 10-year median is 19.56 vs. the industry median of 2.25, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.25, based on 1,564 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. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's current Cyclically Adjusted PB Ratio of 18.50 is 724.1% 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 Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's current Cyclically Adjusted PB Ratio is 18.50, which is near median its own 10-year median of 19.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) is currently considered Possible Value Trap. The stock's GF Value™ is ₺24.43, compared to a current price of ₺5.92 — trading 75.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 18.50, which is near median its 10-year median of 19.56 and 724.1% above the Software industry median of 2.25. Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS's overall GF Score™ is 80/100 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 Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK), the current Cyclically Adjusted PB Ratio is 18.50 as of Aug. 07, 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 Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS (IST:LINK) Overvalued in 2026?

Based on GuruFocus' analysis, Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS stock appears to be undervalued. The current stock price of ₺5.92 is trading 75.8% below its estimated GF Value™ of ₺24.43. GuruFocus considers Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS to be Possible Value Trap.

Key valuation signals for IST:LINK:

  • Cyclically Adjusted PB Ratio: 18.50 (near median its 10-year median of 19.56)
  • GF Value™: ₺24.43 vs. price of ₺5.92 (75.8% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 724.1% above the Software median (#1505 of 1564)

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


Link Bilgisayar Systemleri Yazilimi ve Donaniminayi ve Ticaret AS Business Description

Address Kisikli Caddesi No.2, Ak Is Merkezi, A Blok Kat: 2, Altunizade, Uskudar, Istanbul, TUR, 34662
Link Bilgisayar Systemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS is a software development company. It develops integrated business application software that covers all accounting, production, and commercial operational requirements. Some of its products and solutions include e-Document e-Ledger; Bank Integration; Organized Industry Billing; e-Purchase Invoice Transfer; Mandatory Feed Operations Management and others.
80GF Score

Get the complete analysis for IST:LINK

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

₺5.92
Price
₺24.43
GF Value