Metro Yatirim Ortakligi AS (IST:MTRYO) Cyclically Adjusted PB Ratio : 3.65 (As of Jun. 20, 2024)

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What is Metro Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

As of today (2024-06-20), Metro Yatirim Ortakligi AS's current share price is ₺8.97. Metro Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺2.46. Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 3.65.

The historical rank and industry rank for Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:MTRYO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.52 Med: 1.46 Max: 4.49
Current: 3.65

During the past years, Metro Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 4.49. The lowest was 0.52. And the median was 1.46.

IST:MTRYO's Cyclically Adjusted PB Ratio is ranked worse than
92.36% of 955 companies
in the Asset Management industry
Industry Median: 0.79 vs IST:MTRYO: 3.65

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.

Metro Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Dec. 2023 was ₺5.816. 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 ₺2.46 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Metro Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Metro 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.

* Premium members only.

Metro Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Metro Yatirim Ortakligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cyclically Adjusted PB Ratio

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3.58

1.52

0.90

1.87

2.89

Metro Yatirim Ortakligi AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															1.87	1.46	2.21	3.33	2.89

Competitive Comparison of Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Metro 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.

Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.

Metro 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.

Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio	=	Share Price	/	Cyclically Adjusted Book per Share
	=	8.97	/	2.46
	=	3.65

Metro Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Metro Yatirim Ortakligi AS's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book	=	Book Value per Share	/	CPI of Dec. 2023 (Change)	*	Current CPI (Dec. 2023)
	=	5.816	/	129.4194	*	129.4194
	=	5.816

Current CPI (Dec. 2023) = 129.4194.

Metro Yatirim Ortakligi AS Quarterly Data

	Book Value per Share	CPI	Adj_Book
201403	1.289	99.695	1.673
201406	1.427	100.560	1.837
201409	1.385	100.428	1.785
201412	1.506	99.070	1.967
201503	1.455	99.621	1.890
201506	1.424	100.684	1.830
201509	1.335	100.392	1.721
201512	1.320	99.792	1.712
201603	1.422	100.470	1.832
201606	1.386	101.688	1.764
201609	1.392	101.861	1.769
201612	1.405	101.863	1.785
201703	1.418	102.862	1.784
201706	1.389	103.349	1.739
201709	1.445	104.136	1.796
201712	1.476	104.011	1.837
201803	1.501	105.290	1.845
201806	1.420	106.317	1.729
201809	1.439	106.507	1.749
201812	1.350	105.998	1.648
201903	1.336	107.251	1.612
201906	1.410	108.070	1.689
201909	1.635	108.329	1.953
201912	1.775	108.420	2.119
202003	1.591	108.902	1.891
202006	1.904	108.767	2.266
202009	1.924	109.815	2.267
202012	2.001	109.897	2.356
202103	1.953	111.754	2.262
202106	1.956	114.631	2.208
202109	1.929	115.734	2.157
202112	2.227	117.630	2.450
202203	2.360	121.301	2.518
202206	2.453	125.017	2.539
202209	3.260	125.227	3.369
202212	7.879	125.222	8.143
202303	4.008	127.348	4.073
202306	4.767	128.729	4.793
202309	6.251	129.860	6.230
202312	5.816	129.419	5.816

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.

Metro Yatirim Ortakligi AS (IST:MTRYO) 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.

Metro Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms

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

Metro Yatirim Ortakligi AS (IST:MTRYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Metro Yatirim Ortakligi AS (IST:MTRYO) » Definitions » Cyclically Adjusted PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cad Number 171, Metrocity A Block Floor: 17 1.Levent, Istanbul, TUR

Website

http://www.metroyo.com

Metro Yatirim Ortakligi AS is a Turkey-based company formed to operate a portfolio of securities traded in national and international exchanges within the framework of the principles and rules determined by the relevant legislation.

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