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Ozderici Gayrimenkul Yatirim Ortakligi AS (IST:OZGYO) Cyclically Adjusted PB Ratio

: 2.04 (As of Today)
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As of today (2024-04-23), Ozderici Gayrimenkul Yatirim Ortakligi AS's current share price is ₺5.76. Ozderici Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2023 was ₺2.83. Ozderici Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 2.04.

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

IST:OZGYO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.88   Med: 1.76   Max: 3.58
Current: 1.97

During the past years, Ozderici Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 3.58. The lowest was 0.88. And the median was 1.76.

IST:OZGYO's Cyclically Adjusted PB Ratio is ranked worse than
84.79% of 493 companies
in the REITs industry
Industry Median: 0.78 vs IST:OZGYO: 1.97

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.

Ozderici Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Sep. 2023 was ₺9.425. 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 ₺2.83 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ozderici Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ozderici 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.

* Premium members only.

Ozderici Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.51 1.96 1.11 3.10

Ozderici Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 1.78 3.10 1.75 1.53 1.99

Competitive Comparison

For the REIT - Diversified subindustry, Ozderici 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.


Ozderici Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Distribution

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

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



Ozderici 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.

Ozderici 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
=5.76/2.83
=2.04

* 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.

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

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

Adj_Book=Book Value per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=9.425/129.8595*129.8595
=9.425

Current CPI (Sep. 2023) = 129.8595.

Ozderici Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201312 0.554 98.326 0.732
201403 0.555 99.695 0.723
201406 0.563 100.560 0.727
201409 0.631 100.428 0.816
201412 0.750 99.070 0.983
201503 0.821 99.621 1.070
201506 0.938 100.684 1.210
201509 1.075 100.392 1.391
201512 1.296 99.792 1.686
201603 0.000 100.470 0.000
201606 0.000 101.688 0.000
201609 0.000 101.861 0.000
201612 1.408 101.863 1.795
201703 1.412 102.862 1.783
201706 1.474 103.349 1.852
201709 1.484 104.136 1.851
201712 1.573 104.011 1.964
201803 1.590 105.290 1.961
201806 1.733 106.317 2.117
201809 1.898 106.507 2.314
201812 1.667 105.998 2.042
201903 1.795 107.251 2.173
201906 0.000 108.070 0.000
201909 1.735 108.329 2.080
201912 1.616 108.420 1.936
202003 1.600 108.902 1.908
202006 1.593 108.767 1.902
202009 1.597 109.815 1.889
202012 1.660 109.897 1.962
202103 1.670 111.754 1.941
202106 1.691 114.631 1.916
202109 1.717 115.734 1.927
202112 4.031 117.630 4.450
202203 4.078 121.301 4.366
202206 4.199 125.017 4.362
202209 4.282 125.227 4.440
202212 9.055 125.222 9.390
202303 9.041 127.348 9.219
202306 9.347 128.729 9.429
202309 9.425 129.860 9.425

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.


Ozderici Gayrimenkul Yatirim Ortakligi AS  (IST:OZGYO) 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.


Ozderici Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms

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Ozderici Gayrimenkul Yatirim Ortakligi AS (IST:OZGYO) Business Description

Traded in Other Exchanges
N/A
Address
Buyukdere Street Building Loan Plaza C Block, Floor 9, Levent, Istanbul, TUR, 34330
Ozderici Gayrimenkul Yatirim Ortakligi AS is a Turkey-based real estate investment trust involved in the real estate development projects. The projects of the company include Nuvo Dragos, Zeytinburnu Akevler Siteleri, Akatlar Ozderici Bloklari, Yapi Kredi Plaza'da Ofis and Bayrampasa 5 Adet Is Merkezi.

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