Merko Gidanayi Ve Ticaret AS (IST:MERKO) Cyclically Adjusted PB Ratio: 2.08 (As of Aug. 12, 2026) — 41% Below Median

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IST:MERKO Merko Gida Sanayi Ve Ticaret AS IST:MERKO
12 GF Score
Price ₺1.37
! 7 Warning Signs
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What is Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio?

Merko Gidanayi Ve Ticaret AS IST:MERKO 12 Cyclically Adjusted PB Ratio is 2.08 as of Aug. 12, 2026, which is 41% below its 10-year median of 3.53. GuruFocus rates IST:MERKO with a GF Score™ of 12/100. The stock has 7 warning signs investors should review. Among 1,403 Consumer Packaged Goods companies, Merko Gidanayi Ve Ticaret AS ranks worse than 69.07% on this metric.

As of today (2026-08-12), Merko Gidanayi Ve Ticaret AS's current share price is ₺1.37. Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺0.66. Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is 2.08.

The historical rank and industry rank for Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:MERKO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 3.53   Max: 33.98
Current: 2.14

During the past years, Merko Gidanayi Ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 33.98. The lowest was 0.80. And the median was 3.53.

IST:MERKO's Cyclically Adjusted PB Ratio is ranked worse than
69.07% of 1403 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs IST:MERKO: 2.14

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.

Merko Gidanayi Ve Ticaret AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺2.361. 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 ₺0.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Merko Gidanayi Ve Ticaret AS  (IST:MERKO) 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.


Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms


Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Merko Gidanayi 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.

Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Merko Gidanayi Ve Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.64 2.01 2.82 4.71 3.58

Merko Gidanayi Ve Ticaret 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 4.10 3.58 3.72 3.09 3.54

IST:MERKO vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Merko Gidanayi 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.


Merko Gidanayi Ve Ticaret AS Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:MERKO
12GF Score
Merko Gida Sanayi Ve Ticaret AS IST:MERKO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Merko Gidanayi 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.

Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.37/0.66
=2.08

* 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.

Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Merko Gidanayi Ve Ticaret 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)
=2.361/330.2130*330.2130
=2.361

Current CPI (Mar. 2026) = 330.2130.

Merko Gidanayi Ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.237 241.018 0.325
201609 0.222 241.428 0.304
201612 0.257 241.432 0.352
201703 0.231 243.801 0.313
201706 0.232 244.955 0.313
201709 0.181 246.819 0.242
201712 0.132 246.524 0.177
201803 0.120 249.554 0.159
201806 0.073 251.989 0.096
201809 0.065 252.439 0.085
201812 0.140 251.233 0.184
201903 0.138 254.202 0.179
201906 0.101 256.143 0.130
201909 0.078 256.759 0.100
201912 0.091 256.974 0.117
202003 0.079 258.115 0.101
202006 0.065 257.797 0.083
202009 0.090 260.280 0.114
202012 0.133 260.474 0.169
202103 0.175 264.877 0.218
202106 0.270 271.696 0.328
202109 0.272 274.310 0.327
202112 0.310 278.802 0.367
202203 0.311 287.504 0.357
202206 0.457 296.311 0.509
202209 0.485 296.808 0.540
202212 0.517 296.797 0.575
202303 0.493 301.836 0.539
202306 0.773 305.109 0.837
202309 0.477 307.789 0.512
202312 0.482 306.746 0.519
202403 0.941 312.332 0.995
202406 1.859 314.175 1.954
202409 1.685 315.301 1.765
202412 1.737 315.605 1.817
202503 1.703 319.799 1.758
202506 1.974 322.561 2.021
202509 2.114 324.800 2.149
202512 2.286 324.054 2.329
202603 2.361 330.213 2.361

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 2.08 mean?
Merko Gidanayi Ve Ticaret AS (IST:MERKO) has a Cyclically Adjusted PB Ratio of 2.08 as of Aug. 12, 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 Merko Gidanayi Ve Ticaret AS and its competitors. This is 41% below median its historical median of 3.53. Over the past decade, Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 0.80 to 33.98. According to the industry distribution chart, Merko Gidanayi Ve Ticaret AS ranks #969 out of 1403 companies in the Consumer Packaged Goods industry, placing it in the top 69.1%.
Is Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio too high?
Merko Gidanayi Ve Ticaret AS's current Cyclically Adjusted PB Ratio of 2.08 is 41% below median its 10-year median of 3.53. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 33.98. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Merko Gidanayi Ve Ticaret AS's value of 2.08 is 65.1% above this industry median. Based on the distribution chart, Merko Gidanayi Ve Ticaret AS ranks #969 out of 1403 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Merko Gidanayi Ve Ticaret AS has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Merko Gidanayi Ve Ticaret AS's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Merko Gidanayi Ve Ticaret AS ranks #969 out of 1403 companies for Cyclically Adjusted PB Ratio. This places Merko Gidanayi Ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Merko Gidanayi Ve Ticaret AS's value of 2.08 is 65.1% above this benchmark. Historically, Merko Gidanayi Ve Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 33.98 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 1.26, Merko Gidanayi 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,403 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. Merko Gidanayi Ve Ticaret AS's current Cyclically Adjusted PB Ratio of 2.08 is 65.1% 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 Merko Gidanayi Ve Ticaret AS and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merko Gidanayi Ve Ticaret AS's current Cyclically Adjusted PB Ratio is 2.08, which is 41% below median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merko Gidanayi Ve Ticaret AS stock overvalued right now?
Merko Gidanayi Ve Ticaret AS (IST:MERKO) has a current Cyclically Adjusted PB Ratio of 2.08. The current Cyclically Adjusted PB Ratio is 2.08, which is 41% below median its 10-year median of 3.53 and 65.1% above the Consumer Packaged Goods industry median of 1.26. Merko Gidanayi Ve Ticaret AS's overall GF Score™ is 12/100 with 7 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 Merko Gidanayi Ve Ticaret AS (IST:MERKO), the current Cyclically Adjusted PB Ratio is 2.08 as of Aug. 12, 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.

Merko Gidanayi Ve Ticaret AS Business Description

Address Levent Mah. Comert Sk, Yapi Kredi Plaza Sitesi, B Blok No: 1B Ic Kapi No: 23, Besiktas, Istanbul, TUR, 34330
Merko Gida Sanayi Ve Ticaret AS operates as a tomato processor. The company's products are categorized as Aseptic Chopped Tomatoes, in a tin box Chopped Tomatoes, and tomato juice concentrate.
12GF Score

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

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