GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Merit Turizm Yatirim ve Isletme AS (IST:MERIT) » Definitions » Cyclically Adjusted PB Ratio

Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Cyclically Adjusted PB Ratio : 6.17 (As of Jun. 15, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PB Ratio?

As of today (2024-06-15), Merit Turizm Yatirim ve Isletme AS's current share price is ₺177.00. Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was ₺28.68. Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio for today is 6.17.

The historical rank and industry rank for Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:MERIT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.59   Med: 3.88   Max: 7.17
Current: 6.17

During the past 11 years, Merit Turizm Yatirim ve Isletme AS's highest Cyclically Adjusted PB Ratio was 7.17. The lowest was 2.59. And the median was 3.88.

IST:MERIT's Cyclically Adjusted PB Ratio is ranked worse than
91.95% of 621 companies
in the Travel & Leisure industry
Industry Median: 1.36 vs IST:MERIT: 6.17

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.

Merit Turizm Yatirim ve Isletme AS's adjusted book value per share data of for the fiscal year that ended in Dec23 was ₺147.675. 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 ₺28.68 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Merit Turizm Yatirim ve Isletme 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.

Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PB Ratio Chart

Merit Turizm Yatirim ve Isletme 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 - - - 3.08 2.33

Merit Turizm Yatirim ve Isletme AS Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 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 3.08 - - - 2.33

Competitive Comparison of Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio

For the Resorts & Casinos subindustry, Merit Turizm Yatirim ve Isletme 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.


Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio falls into.



Merit Turizm Yatirim ve Isletme 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.

Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=177.00/28.68
=6.17

* 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.

Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, Merit Turizm Yatirim ve Isletme AS's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=147.675/129.4194*129.4194
=147.675

Current CPI (Dec23) = 129.4194.

Merit Turizm Yatirim ve Isletme AS Annual Data

Book Value per Share CPI Adj_Book
201412 0.410 99.070 0.536
201512 0.498 99.792 0.646
201612 0.614 101.863 0.780
201712 0.802 104.011 0.998
201812 1.962 105.998 2.396
201912 2.227 108.420 2.658
202012 2.278 109.897 2.683
202112 32.675 117.630 35.950
202212 89.511 125.222 92.512
202312 147.675 129.419 147.675

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.


Merit Turizm Yatirim ve Isletme AS  (IST:MERIT) 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.


Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Business Description

Traded in Other Exchanges
N/A
Address
Etiler, Street No. 9, Besiktas, Istanbul, TUR, 34337
Merit Turizm Yatirim ve Isletme A.S. is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.

Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Headlines

No Headlines