Makina Takim Endustrisi AS (IST:MAKTK) Cyclically Adjusted PB Ratio: 4.61 (As of Jul. 26, 2026) — 54% Below Median

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IST:MAKTK Makina Takim Endustrisi AS IST:MAKTK
68 GF Score
Price ₺11.10
GF Value ₺8.88
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Makina Takim Endustrisi AS Cyclically Adjusted PB Ratio?

Makina Takim Endustrisi AS IST:MAKTK -1.42% 68 Cyclically Adjusted PB Ratio is 4.61 as of Jul. 26, 2026, which is 54% below its 10-year median of 9.99. GuruFocus rates IST:MAKTK with a GF Score™ of 68/100 and a GF Value™ of ₺8.88 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,278 Industrial Products companies, Makina Takim Endustrisi AS ranks worse than 76.34% on this metric.

As of today (2026-07-26), Makina Takim Endustrisi AS's current share price is ₺11.10. Makina Takim Endustrisi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺2.41. Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio for today is 4.61.

The historical rank and industry rank for Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:MAKTK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.61   Med: 9.99   Max: 83.75
Current: 4.61

During the past years, Makina Takim Endustrisi AS's highest Cyclically Adjusted PB Ratio was 83.75. The lowest was 4.61. And the median was 9.99.

IST:MAKTK's Cyclically Adjusted PB Ratio is ranked worse than
76.34% of 2278 companies
in the Industrial Products industry
Industry Median: 2.11 vs IST:MAKTK: 4.61

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.

Makina Takim Endustrisi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺9.324. 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 ₺2.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Makina Takim Endustrisi AS  (IST:MAKTK) 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.


Makina Takim Endustrisi AS Cyclically Adjusted PB Ratio Related Terms


Makina Takim Endustrisi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Makina Takim Endustrisi 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.

Makina Takim Endustrisi AS Cyclically Adjusted PB Ratio Chart

Makina Takim Endustrisi 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 1,416.34 27.83 8.09 5.69 7.28

Makina Takim Endustrisi 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 6.98 6.75 9.80 7.28 5.14

IST:MAKTK vs SNA, RBC, LECO: Cyclically Adjusted PB Ratio Comparison

For the Tools & Accessories subindustry, Makina Takim Endustrisi 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.


Makina Takim Endustrisi AS Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio falls into.


IST:MAKTK
68GF Score
Makina Takim Endustrisi AS IST:MAKTK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Makina Takim Endustrisi 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.

Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.10/2.41
=4.61

* 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.

Makina Takim Endustrisi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Makina Takim Endustrisi 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)
=9.324/330.2130*330.2130
=9.324

Current CPI (Mar. 2026) = 330.2130.

Makina Takim Endustrisi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.266 241.018 -0.364
201609 -0.305 241.428 -0.417
201612 0.305 241.432 0.417
201703 0.339 243.801 0.459
201706 0.347 244.955 0.468
201709 0.360 246.819 0.482
201712 0.341 246.524 0.457
201803 0.364 249.554 0.482
201806 0.373 251.989 0.489
201809 0.385 252.439 0.504
201812 0.397 251.233 0.522
201903 0.421 254.202 0.547
201906 0.434 256.143 0.560
201909 0.452 256.759 0.581
201912 0.626 256.974 0.804
202003 0.649 258.115 0.830
202006 0.635 257.797 0.813
202009 0.649 260.280 0.823
202012 0.662 260.474 0.839
202103 0.680 264.877 0.848
202106 0.704 271.696 0.856
202109 0.743 274.310 0.894
202112 0.788 278.802 0.933
202203 0.840 287.504 0.965
202206 0.781 296.311 0.870
202209 0.875 296.808 0.973
202212 3.167 296.797 3.524
202303 1.762 301.836 1.928
202306 2.013 305.109 2.179
202309 2.240 307.789 2.403
202312 5.261 306.746 5.663
202403 4.420 312.332 4.673
202406 4.440 314.175 4.667
202409 5.093 315.301 5.334
202412 8.048 315.605 8.421
202503 7.133 319.799 7.365
202506 7.712 322.561 7.895
202509 8.330 324.800 8.469
202512 8.569 324.054 8.732
202603 9.324 330.213 9.324

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 4.61 mean?
Makina Takim Endustrisi AS (IST:MAKTK) has a Cyclically Adjusted PB Ratio of 4.61 as of Jul. 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 Makina Takim Endustrisi AS and its competitors. This is 54% below median its historical median of 9.99. Over the past decade, Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio has ranged from 4.61 to 83.75. According to the industry distribution chart, Makina Takim Endustrisi AS ranks #1739 out of 2278 companies in the Industrial Products industry, placing it in the top 76.3%.
Is Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio too high?
Makina Takim Endustrisi AS's current Cyclically Adjusted PB Ratio of 4.61 is 54% below median its 10-year median of 9.99. Over the past 10 years, this metric has ranged from a low of 4.61 to a high of 83.75. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. Makina Takim Endustrisi AS's value of 4.61 is 118.5% above this industry median. Based on the distribution chart, Makina Takim Endustrisi AS ranks #1739 out of 2278 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Makina Takim Endustrisi AS has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Makina Takim Endustrisi AS's Cyclically Adjusted PB Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Makina Takim Endustrisi AS ranks #1739 out of 2278 companies for Cyclically Adjusted PB Ratio. This places Makina Takim Endustrisi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. Makina Takim Endustrisi AS's value of 4.61 is 118.5% above this benchmark. Historically, Makina Takim Endustrisi AS's own Cyclically Adjusted PB Ratio has ranged from 4.61 to 83.75 over the past decade. While the company's 10-year median is 9.99 vs. the industry median of 2.11, Makina Takim Endustrisi 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 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. Makina Takim Endustrisi AS's current Cyclically Adjusted PB Ratio of 4.61 is 118.5% 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 Makina Takim Endustrisi AS and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makina Takim Endustrisi AS's current Cyclically Adjusted PB Ratio is 4.61, which is 54% below median its own 10-year median of 9.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makina Takim Endustrisi AS stock overvalued right now?
Based on GuruFocus' analysis, Makina Takim Endustrisi AS (IST:MAKTK) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺8.88, compared to a current price of ₺11.10 — trading 25% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.61, which is 54% below median its 10-year median of 9.99 and 118.5% above the Industrial Products industry median of 2.11. Makina Takim Endustrisi AS's overall GF Score™ is 68/100 with 2 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 Makina Takim Endustrisi AS (IST:MAKTK), the current Cyclically Adjusted PB Ratio is 4.61 as of Jul. 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 Makina Takim Endustrisi AS (IST:MAKTK) Overvalued in 2026?

Based on GuruFocus' analysis, Makina Takim Endustrisi AS stock appears to be overvalued. The current stock price of ₺11.10 is trading 25% above its estimated GF Value™ of ₺8.88. GuruFocus considers Makina Takim Endustrisi AS to be Modestly Overvalued.

Key valuation signals for IST:MAKTK:

  • Cyclically Adjusted PB Ratio: 4.61 (54% below median its 10-year median of 9.99)
  • GF Value™: ₺8.88 vs. price of ₺11.10 (25% above fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 118.5% above the Industrial Products median (#1739 of 2278)

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


Makina Takim Endustrisi AS Business Description

Address Balcik Mahallesi 3257, Sokak No15/A, Kocaeli, Gebze, TUR, 41480
Makina Takim Endustrisi AS is engaged in manufacturing machine tools. The company produces metal cutting tools and woodworking equipment. Its products include drill bits, milling machines, cutters and saws among others.
68GF Score

Get the complete analysis for IST:MAKTK

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

₺11.10
Price
₺8.88
GF Value