Ozderici Gayrimenkul Yatirim Ortakligi AS (IST:OZGYO) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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:OZGYO Ozderici Gayrimenkul Yatirim Ortakligi AS IST:OZGYO
61 GF Score
Price ₺1.82
GF Value ₺2.69
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

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

Shiller PE for Stocks: The True Measure of Stock Valuation


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


Ozderici Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Ozderici Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Ozderici 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 0.93 2.35 1.13 0.90 0.94

Ozderici Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.14 1.09 1.06 0.90 0.91

IST:OZGYO vs VMRK, EQR, ESS: Cyclically Adjusted PB Ratio Comparison

For the REIT - Residential 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 vs REITs Industry

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.


IST:OZGYO
61GF Score
Ozderici Gayrimenkul Yatirim Ortakligi AS IST:OZGYO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ozderici Gayrimenkul Yatirim Ortakligi AS's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.434/333.9520*333.9520
=7.434

Current CPI (Jun. 2026) = 333.9520.

Ozderici Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.330 241.428 0.456
201612 0.342 241.432 0.473
201703 0.343 243.801 0.470
201706 0.358 244.955 0.488
201709 0.360 246.819 0.487
201712 0.382 246.524 0.517
201803 0.386 249.554 0.517
201806 0.434 251.989 0.575
201809 0.476 252.439 0.630
201812 0.417 251.233 0.554
201903 0.449 254.202 0.590
201906 0.442 256.143 0.576
201909 0.434 256.759 0.564
201912 0.404 256.974 0.525
202003 0.400 258.115 0.518
202006 0.398 257.797 0.516
202009 0.399 260.280 0.512
202012 0.415 260.474 0.532
202103 0.417 264.877 0.526
202106 0.423 271.696 0.520
202109 0.429 274.310 0.522
202112 1.080 278.802 1.294
202203 1.093 287.504 1.270
202206 1.126 296.311 1.269
202209 1.148 296.808 1.292
202212 2.427 296.797 2.731
202303 2.466 301.836 2.728
202306 2.577 305.109 2.821
202309 2.606 307.789 2.828
202312 4.089 306.746 4.452
202403 4.697 312.332 5.022
202406 5.108 314.175 5.430
202409 5.552 315.301 5.880
202412 4.730 315.605 5.005
202503 5.668 319.799 5.919
202506 6.331 322.561 6.555
202509 6.769 324.800 6.960
202512 6.321 324.054 6.514
202603 6.950 330.213 7.029
202606 7.434 333.952 7.434

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.

Is Ozderici Gayrimenkul Yatirim Ortakligi AS (IST:OZGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Ozderici Gayrimenkul Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺1.82 is trading 32.3% below its estimated GF Value™ of ₺2.69. GuruFocus considers Ozderici Gayrimenkul Yatirim Ortakligi AS to be Possible Value Trap.

Key valuation signals for IST:OZGYO:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₺2.69 vs. price of ₺1.82 (32.3% below fair value)
  • GF Score™: 61/100 with 7 warning signs

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


Ozderici Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
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.
61GF Score

Get the complete analysis for IST:OZGYO

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

₺1.82
Price
₺2.69
GF Value