Metro Yatirim Ortakligi AS (IST:MTRYO) Cyclically Adjusted PB Ratio: 1.93 (As of Aug. 05, 2026) — 12% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:MTRYO Metro Yatirim Ortakligi AS IST:MTRYO
68 GF Score
Price ₺8.86
GF Value ₺9.51
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Metro Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

Metro Yatirim Ortakligi AS IST:MTRYO -0.11% 68 Cyclically Adjusted PB Ratio is 1.93 as of Aug. 05, 2026, which is 12% above its 10-year median of 1.72. GuruFocus rates IST:MTRYO with a GF Score™ of 68/100 and a GF Value™ of ₺9.51 (Fairly Valued). The stock has 2 warning signs investors should review. Among 997 Asset Management companies, Metro Yatirim Ortakligi AS ranks worse than 85.96% on this metric.

As of today (2026-08-05), Metro Yatirim Ortakligi AS's current share price is ₺8.86. Metro Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺4.59. Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 1.93.

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: 0.53   Med: 1.72   Max: 4.67
Current: 2.17

During the past years, Metro Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 4.67. The lowest was 0.53. And the median was 1.72.

IST:MTRYO's Cyclically Adjusted PB Ratio is ranked worse than
85.96% of 997 companies
in the Asset Management industry
Industry Median: 0.85 vs IST:MTRYO: 2.17

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.

Metro Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺13.893. 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 ₺4.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Metro Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Metro Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Metro Yatirim Ortakligi 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 0.90 1.87 2.81 2.25 2.05

Metro Yatirim Ortakligi 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 1.85 1.86 2.76 2.05 1.96

IST:MTRYO vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


IST:MTRYO
68GF Score
Metro Yatirim Ortakligi AS IST:MTRYO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=8.86/4.59
=1.93

* 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.

Metro Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Metro Yatirim Ortakligi 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)
=13.893/330.2130*330.2130
=13.893

Current CPI (Mar. 2026) = 330.2130.

Metro Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.386 241.018 1.899
201609 1.392 241.428 1.904
201612 1.405 241.432 1.922
201703 1.418 243.801 1.921
201706 1.389 244.955 1.872
201709 1.445 246.819 1.933
201712 1.476 246.524 1.977
201803 1.501 249.554 1.986
201806 1.420 251.989 1.861
201809 1.439 252.439 1.882
201812 1.350 251.233 1.774
201903 1.336 254.202 1.735
201906 1.410 256.143 1.818
201909 1.635 256.759 2.103
201912 1.775 256.974 2.281
202003 1.591 258.115 2.035
202006 1.904 257.797 2.439
202009 1.924 260.280 2.441
202012 2.001 260.474 2.537
202103 1.953 264.877 2.435
202106 1.956 271.696 2.377
202109 1.929 274.310 2.322
202112 2.227 278.802 2.638
202203 2.360 287.504 2.711
202206 2.453 296.311 2.734
202209 3.260 296.808 3.627
202212 7.879 296.797 8.766
202303 4.008 301.836 4.385
202306 4.767 305.109 5.159
202309 6.251 307.789 6.706
202312 8.398 306.746 9.040
202403 6.785 312.332 7.173
202406 8.052 314.175 8.463
202409 8.319 315.301 8.712
202412 11.313 315.605 11.837
202503 8.978 319.799 9.270
202506 10.316 322.561 10.561
202509 11.313 324.800 11.502
202512 10.805 324.054 11.010
202603 13.893 330.213 13.893

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 1.93 mean?
Metro Yatirim Ortakligi AS (IST:MTRYO) has a Cyclically Adjusted PB Ratio of 1.93 as of Aug. 05, 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 Metro Yatirim Ortakligi AS and its competitors. This is 12% above median its historical median of 1.72. Over the past decade, Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 0.53 to 4.67. According to the industry distribution chart, Metro Yatirim Ortakligi AS ranks #857 out of 997 companies in the Asset Management industry, placing it in the top 86%.
Is Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio too high?
Metro Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.93 is 12% above median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 4.67. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Metro Yatirim Ortakligi AS's value of 1.93 is 127.1% above this industry median. Based on the distribution chart, Metro Yatirim Ortakligi AS ranks #857 out of 997 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Metro Yatirim Ortakligi AS has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Metro Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Metro Yatirim Ortakligi AS ranks #857 out of 997 companies for Cyclically Adjusted PB Ratio. This places Metro Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Metro Yatirim Ortakligi AS's value of 1.93 is 127.1% above this benchmark. Historically, Metro Yatirim Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 0.53 to 4.67 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 0.85, Metro Yatirim Ortakligi 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 Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 997 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. Metro Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.93 is 127.1% 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 Metro Yatirim Ortakligi AS and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio is 1.93, which is 12% above median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Metro Yatirim Ortakligi AS (IST:MTRYO) is currently considered Fairly Valued. The stock's GF Value™ is ₺9.51, compared to a current price of ₺8.86 — trading 6.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.93, which is 12% above median its 10-year median of 1.72 and 127.1% above the Asset Management industry median of 0.85. Metro Yatirim Ortakligi 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 Metro Yatirim Ortakligi AS (IST:MTRYO), the current Cyclically Adjusted PB Ratio is 1.93 as of Aug. 05, 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 Metro Yatirim Ortakligi AS (IST:MTRYO) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺8.86 is trading 6.8% below its estimated GF Value™ of ₺9.51. GuruFocus considers Metro Yatirim Ortakligi AS to be Fairly Valued.

Key valuation signals for IST:MTRYO:

  • Cyclically Adjusted PB Ratio: 1.93 (12% above median its 10-year median of 1.72)
  • GF Value™: ₺9.51 vs. price of ₺8.86 (6.8% below fair value)
  • GF Score™: 68/100 with 2 warning signs
  • Industry Position: 127.1% above the Asset Management median (#857 of 997)

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


Metro Yatirim Ortakligi AS Business Description

Address Buyukdere Cad Number 171, Metrocity A Block Floor: 17 1.Levent, Istanbul, TUR
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.
68GF Score

Get the complete analysis for IST:MTRYO

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

₺8.86
Price
₺9.51
GF Value