Nurol Gayrimenkul Yatirim Ortakligi AS (IST:NUGYO) Cyclically Adjusted PB Ratio: 1.65 (As of Aug. 25, 2026) — 48% Below Median

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IST:NUGYO Nurol Gayrimenkul Yatirim Ortakligi AS IST:NUGYO
48 GF Score
Price ₺9.55
GF Value ₺4.67
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nurol Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

Nurol Gayrimenkul Yatirim Ortakligi AS IST:NUGYO +3.35% 48 Cyclically Adjusted PB Ratio is 1.65 as of Aug. 25, 2026, which is 48% below its 10-year median of 3.20. GuruFocus rates IST:NUGYO with a GF Score™ of 48/100 and a GF Value™ of ₺4.67 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 549 REITs companies, Nurol Gayrimenkul Yatirim Ortakligi AS ranks worse than 84.15% on this metric.

As of today (2026-08-25), Nurol Gayrimenkul Yatirim Ortakligi AS's current share price is ₺9.55. Nurol Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺5.78. Nurol Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 1.65.

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

IST:NUGYO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.54   Med: 3.2   Max: 11.82
Current: 1.6

During the past years, Nurol Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 11.82. The lowest was 1.54. And the median was 3.20.

IST:NUGYO's Cyclically Adjusted PB Ratio is ranked worse than
84.15% of 549 companies
in the REITs industry
Industry Median: 0.79 vs IST:NUGYO: 1.60

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.

Nurol Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺20.353. 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 ₺5.78 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nurol Gayrimenkul Yatirim Ortakligi AS  (IST:NUGYO) 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.


Nurol Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms


Nurol Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nurol Gayrimenkul 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.

Nurol Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Nurol Gayrimenkul 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 3.78 5.09 2.77 2.11 2.12

Nurol Gayrimenkul 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 1.69 1.77 2.14 2.12 1.53

IST:NUGYO vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, Nurol Gayrimenkul 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.


Nurol Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Nurol Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


IST:NUGYO
48GF Score
Nurol Gayrimenkul Yatirim Ortakligi AS IST:NUGYO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nurol Gayrimenkul 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.55/5.78
=1.65

* 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.

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

For example, Nurol Gayrimenkul 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)
=20.353/330.2130*330.2130
=20.353

Current CPI (Mar. 2026) = 330.2130.

Nurol Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.905 241.018 2.610
201609 1.810 241.428 2.476
201612 2.580 241.432 3.529
201703 2.337 243.801 3.165
201706 2.635 244.955 3.552
201709 2.674 246.819 3.577
201712 2.718 246.524 3.641
201803 2.524 249.554 3.340
201806 1.387 251.989 1.818
201809 -0.870 252.439 -1.138
201812 -0.232 251.233 -0.305
201903 -1.431 254.202 -1.859
201906 1.395 256.143 1.798
201909 0.198 256.759 0.255
201912 1.740 256.974 2.236
202003 1.336 258.115 1.709
202006 0.736 257.797 0.943
202009 0.473 260.280 0.600
202012 1.127 260.474 1.429
202103 0.984 264.877 1.227
202106 0.823 271.696 1.000
202109 0.796 274.310 0.958
202112 1.308 278.802 1.549
202203 1.343 287.504 1.543
202206 1.934 296.311 2.155
202209 1.978 296.808 2.201
202212 6.778 296.797 7.541
202303 3.818 301.836 4.177
202306 3.933 305.109 4.257
202309 3.873 307.789 4.155
202312 13.053 306.746 14.052
202403 10.643 312.332 11.252
202406 11.690 314.175 12.287
202409 12.690 315.301 13.290
202412 20.562 315.605 21.514
202503 16.557 319.799 17.096
202506 17.863 322.561 18.287
202509 19.201 324.800 19.521
202512 19.154 324.054 19.518
202603 20.353 330.213 20.353

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 1.65 mean?
Nurol Gayrimenkul Yatirim Ortakligi AS (IST:NUGYO) has a Cyclically Adjusted PB Ratio of 1.65 as of Aug. 25, 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 Nurol Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 48% below median its historical median of 3.20. Over the past decade, Nurol Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 1.54 to 11.82. According to the industry distribution chart, Nurol Gayrimenkul Yatirim Ortakligi AS ranks #462 out of 549 companies in the REITs industry, placing it in the top 84.2%.
Is Nurol Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio too high?
Nurol Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.65 is 48% below median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 11.82. The REITs industry median Cyclically Adjusted PB Ratio is 0.79. Nurol Gayrimenkul Yatirim Ortakligi AS's value of 1.65 is 108.9% above this industry median. Based on the distribution chart, Nurol Gayrimenkul Yatirim Ortakligi AS ranks #462 out of 549 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Nurol Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nurol Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Nurol Gayrimenkul Yatirim Ortakligi AS ranks #462 out of 549 companies for Cyclically Adjusted PB Ratio. This places Nurol Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.79. Nurol Gayrimenkul Yatirim Ortakligi AS's value of 1.65 is 108.9% above this benchmark. Historically, Nurol Gayrimenkul Yatirim Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 1.54 to 11.82 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 0.79, Nurol Gayrimenkul 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 a REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.79, based on 549 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. Nurol Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.65 is 108.9% 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 Nurol Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nurol Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio is 1.65, which is 48% below median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nurol Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Nurol Gayrimenkul Yatirim Ortakligi AS (IST:NUGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺4.67, compared to a current price of ₺9.55 — trading 104.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.65, which is 48% below median its 10-year median of 3.20 and 108.9% above the REITs industry median of 0.79. Nurol Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 48/100 with 6 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 Nurol Gayrimenkul Yatirim Ortakligi AS (IST:NUGYO), the current Cyclically Adjusted PB Ratio is 1.65 as of Aug. 25, 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 Nurol Gayrimenkul Yatirim Ortakligi AS (IST:NUGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Nurol Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺9.55 is trading 104.5% above its estimated GF Value™ of ₺4.67. GuruFocus considers Nurol Gayrimenkul Yatirim Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:NUGYO:

  • Cyclically Adjusted PB Ratio: 1.65 (48% below median its 10-year median of 3.20)
  • GF Value™: ₺4.67 vs. price of ₺9.55 (104.5% above fair value)
  • GF Score™: 48/100 with 6 warning signs
  • Industry Position: 108.9% above the REITs median (#462 of 549)

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


Nurol Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Nurol Plaza Kat:19, Buyukdere Cad. No:257, Sisli, Maslak, Istanbul, TUR, 34498
Nurol Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. Its main activities include creating the partnership portfolio, and changing it when necessary; distributing the risks involved; observing the stock exchange market.
48GF Score

Get the complete analysis for IST:NUGYO

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

₺9.55
Price
₺4.67
GF Value