Reysas Gayrimenkul Yatirim Ortakligi AS (IST:RYGYO) Cyclically Adjusted PB Ratio: 4.23 (As of Aug. 02, 2026) — 42% Above Median

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IST:RYGYO Reysas Gayrimenkul Yatirim Ortakligi AS IST:RYGYO
69 GF Score
Price ₺38.30
GF Value ₺14.58
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

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

Reysas Gayrimenkul Yatirim Ortakligi AS IST:RYGYO -1.14% 69 Cyclically Adjusted PB Ratio is 4.23 as of Aug. 02, 2026, which is 42% above its 10-year median of 2.97. GuruFocus rates IST:RYGYO with a GF Score™ of 69/100 and a GF Value™ of ₺14.58 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 554 REITs companies, Reysas Gayrimenkul Yatirim Ortakligi AS ranks worse than 95.13% on this metric.

As of today (2026-08-02), Reysas Gayrimenkul Yatirim Ortakligi AS's current share price is ₺38.30. Reysas Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺9.05. Reysas Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 4.23.

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

IST:RYGYO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.12   Med: 2.97   Max: 5.68
Current: 3.5

During the past years, Reysas Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 5.68. The lowest was 1.12. And the median was 2.97.

IST:RYGYO's Cyclically Adjusted PB Ratio is ranked worse than
95.13% of 554 companies
in the REITs industry
Industry Median: 0.81 vs IST:RYGYO: 3.50

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.

Reysas Gayrimenkul Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺47.721. 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 ₺9.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Reysas Gayrimenkul Yatirim Ortakligi AS  (IST:RYGYO) 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.


Reysas Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms


Reysas Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Reysas 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.

Reysas Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Reysas 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 1.54 4.20 3.33 4.04 2.72

Reysas 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 3.07 3.42 2.99 2.72 3.23

IST:RYGYO vs PLD, PSA, EXR: Cyclically Adjusted PB Ratio Comparison

For the REIT - Industrial subindustry, Reysas 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.


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

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

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


IST:RYGYO
69GF Score
Reysas Gayrimenkul Yatirim Ortakligi AS IST:RYGYO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Reysas 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.

Reysas 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
=38.30/9.05
=4.23

* 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.

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

For example, Reysas 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)
=47.721/330.2130*330.2130
=47.721

Current CPI (Mar. 2026) = 330.2130.

Reysas Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.184 241.018 0.252
201609 0.178 241.428 0.243
201612 0.502 241.432 0.687
201703 0.495 243.801 0.670
201706 0.505 244.955 0.681
201709 0.502 246.819 0.672
201712 0.569 246.524 0.762
201803 0.561 249.554 0.742
201806 0.599 251.989 0.785
201809 0.453 252.439 0.593
201812 0.699 251.233 0.919
201903 0.685 254.202 0.890
201906 0.684 256.143 0.882
201909 0.716 256.759 0.921
201912 1.033 256.974 1.327
202003 1.012 258.115 1.295
202006 1.010 257.797 1.294
202009 0.987 260.280 1.252
202012 1.280 260.474 1.623
202103 1.273 264.877 1.587
202106 1.284 271.696 1.561
202109 1.214 274.310 1.461
202112 1.987 278.802 2.353
202203 1.993 287.504 2.289
202206 2.017 296.311 2.248
202209 2.056 296.808 2.287
202212 5.925 296.797 6.592
202303 6.291 301.836 6.882
202306 6.811 305.109 7.371
202309 6.714 307.789 7.203
202312 21.966 306.746 23.646
202403 17.354 312.332 18.348
202406 19.207 314.175 20.187
202409 21.409 315.301 22.422
202412 30.006 315.605 31.395
202503 29.153 319.799 30.102
202506 31.135 322.561 31.874
202509 33.631 324.800 34.191
202512 43.088 324.054 43.907
202603 47.721 330.213 47.721

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 4.23 mean?
Reysas Gayrimenkul Yatirim Ortakligi AS (IST:RYGYO) has a Cyclically Adjusted PB Ratio of 4.23 as of Aug. 02, 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 Reysas Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 42% above median its historical median of 2.97. Over the past decade, Reysas Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 1.12 to 5.68. According to the industry distribution chart, Reysas Gayrimenkul Yatirim Ortakligi AS ranks #527 out of 554 companies in the REITs industry, placing it in the top 95.1%.
Is Reysas Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio too high?
Reysas Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 4.23 is 42% above median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 5.68. The REITs industry median Cyclically Adjusted PB Ratio is 0.81. Reysas Gayrimenkul Yatirim Ortakligi AS's value of 4.23 is 422.2% above this industry median. Based on the distribution chart, Reysas Gayrimenkul Yatirim Ortakligi AS ranks #527 out of 554 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Reysas Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reysas Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, Reysas Gayrimenkul Yatirim Ortakligi AS ranks #527 out of 554 companies for Cyclically Adjusted PB Ratio. This places Reysas Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.81. Reysas Gayrimenkul Yatirim Ortakligi AS's value of 4.23 is 422.2% above this benchmark. Historically, Reysas Gayrimenkul Yatirim Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 1.12 to 5.68 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 0.81, Reysas 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 0.81, based on 554 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. Reysas Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 4.23 is 422.2% 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 Reysas Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reysas Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio is 4.23, which is 42% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reysas Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Reysas Gayrimenkul Yatirim Ortakligi AS (IST:RYGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺14.58, compared to a current price of ₺38.30 — trading 162.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.23, which is 42% above median its 10-year median of 2.97 and 422.2% above the REITs industry median of 0.81. Reysas Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 69/100 with 7 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 Reysas Gayrimenkul Yatirim Ortakligi AS (IST:RYGYO), the current Cyclically Adjusted PB Ratio is 4.23 as of Aug. 02, 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 Reysas Gayrimenkul Yatirim Ortakligi AS (IST:RYGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Reysas Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺38.30 is trading 162.7% above its estimated GF Value™ of ₺14.58. GuruFocus considers Reysas Gayrimenkul Yatirim Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:RYGYO:

  • Cyclically Adjusted PB Ratio: 4.23 (42% above median its 10-year median of 2.97)
  • GF Value™: ₺14.58 vs. price of ₺38.30 (162.7% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 422.2% above the REITs median (#527 of 554)

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


Reysas Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Other Exchanges RYGYF:USA
Address Kucuk Camlica, Erkan Ocakli No.11, Istanbul, TUR, 34696
Reysas Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust founded for investing and developing real estates in Turkey. It invests in real estates, capital market instruments based on real estates, real estate projects and rights based on real estates. The main focus of the company is the warehousing market. The company rents its warehouses for long terms in order to create continuous and stabile income from its portfolio.
69GF Score

Get the complete analysis for IST:RYGYO

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

₺38.30
Price
₺14.58
GF Value