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Ray Sigorta ASIST:RAYSG +1.18%36 Cyclically Adjusted PB Ratio is 13.26 as of Aug. 17, 2026, which is 20% below its 10-year median of 16.52. GuruFocus rates IST:RAYSG with a GF Score™ of 36/100. The stock has 2 warning signs investors should review. Among 415 Insurance companies, Ray Sigorta AS ranks worse than 98.31% on this metric.
The historical rank and industry rank for Ray Sigorta AS's Cyclically Adjusted PB Ratio or its related term are showing as below:
IST:RAYSG'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.42 Med: 16.52 Max: 203.93
Current: 13.26
During the past years, Ray Sigorta AS's highest Cyclically Adjusted PB Ratio was 203.93. The lowest was 3.42. And the median was 16.52.
IST:RAYSG's Cyclically Adjusted PB Ratio is ranked worse than 98.31% of 415
companies
in the Insurance industry
Industry Median: 1.41
vs IST:RAYSG: 13.26
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.
Ray Sigorta AS's adjusted book value per share data for the three months ended in Jun. 2026 was ₺63.628. 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 ₺12.29 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ray Sigorta AS (IST:RAYSG) 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.
Ray Sigorta AS Cyclically Adjusted PB Ratio Related Terms
Ray Sigorta AS Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Ray Sigorta 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.
IST:RAYSG vs BRK.A, AIG, HIG: Cyclically Adjusted PB Ratio Comparison
For the Insurance - Diversified subindustry, Ray Sigorta 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.
Ray Sigorta AS Cyclically Adjusted PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Ray Sigorta AS's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ray Sigorta AS's Cyclically Adjusted PB Ratio falls into.
Ray Sigorta 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.
Ray Sigorta AS's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 13.26 mean?
Ray Sigorta AS (IST:RAYSG) has a Cyclically Adjusted PB Ratio of 13.26 as of Aug. 17, 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 Ray Sigorta AS and its competitors. This is 20% below median its historical median of 16.52. Over the past decade, Ray Sigorta AS's Cyclically Adjusted PB Ratio has ranged from 3.42 to 203.93. According to the industry distribution chart, Ray Sigorta AS ranks #408 out of 415 companies in the Insurance industry, placing it in the top 98.3%.
Is Ray Sigorta AS's Cyclically Adjusted PB Ratio too high?
Ray Sigorta AS's current Cyclically Adjusted PB Ratio of 13.26 is 20% below median its 10-year median of 16.52. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 203.93. The Insurance industry median Cyclically Adjusted PB Ratio is 1.41. Ray Sigorta AS's value of 13.26 is 840.4% above this industry median. Based on the distribution chart, Ray Sigorta AS ranks #408 out of 415 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Ray Sigorta AS has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Ray Sigorta AS's Cyclically Adjusted PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Ray Sigorta AS ranks #408 out of 415 companies for Cyclically Adjusted PB Ratio. This places Ray Sigorta AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.41. Ray Sigorta AS's value of 13.26 is 840.4% above this benchmark. Historically, Ray Sigorta AS's own Cyclically Adjusted PB Ratio has ranged from 3.42 to 203.93 over the past decade. While the company's 10-year median is 16.52 vs. the industry median of 1.41, Ray Sigorta 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 Insurance company?
The median Cyclically Adjusted PB Ratio among Insurance companies is 1.41, based on 415 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. Ray Sigorta AS's current Cyclically Adjusted PB Ratio of 13.26 is 840.4% 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 Ray Sigorta AS and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Sigorta AS's current Cyclically Adjusted PB Ratio is 13.26, which is 20% below median its own 10-year median of 16.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Sigorta AS stock overvalued right now?
Ray Sigorta AS (IST:RAYSG) has a current Cyclically Adjusted PB Ratio of 13.26. The current Cyclically Adjusted PB Ratio is 13.26, which is 20% below median its 10-year median of 16.52 and 840.4% above the Insurance industry median of 1.41. Ray Sigorta AS's overall GF Score™ is 36/100 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 Ray Sigorta AS (IST:RAYSG), the current Cyclically Adjusted PB Ratio is 13.26 as of Aug. 17, 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.
Ray Sigorta AS is a Turkey-based insurance company. It offers motor, household and health insurances. The motor insurance covers accidents such as the collision of the car with other motor or no-motor vehicles used on the road or railroad. Its household insurance secures house and goods against many risks such as fire, robbery, earthquake, and floods. The health insurance product consists of emergency health insurance, complementary health insurance, health insurance for foreigners and travel health insurance. Additionally, it also provides contracted health institutions and contracted auto services.
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