Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS (IST:SAYAS) Cyclically Adjusted PB Ratio: 11.91 (As of Aug. 31, 2026) — 30% Below Median

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:SAYAS Say Yenilenebilir Enerji Ekipmanlari Sanayi Ve Ticaret AS IST:SAYAS
78 GF Score
Price ₺59.65
GF Value ₺63.43
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio?

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS IST:SAYAS -3.24% 78 Cyclically Adjusted PB Ratio is 11.91 as of Aug. 31, 2026, which is 30% below its 10-year median of 16.96. GuruFocus rates IST:SAYAS with a GF Score™ of 78/100 and a GF Value™ of ₺63.43 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,238 Construction companies, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS ranks worse than 96.69% on this metric.

As of today (2026-08-31), Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's current share price is ₺59.65. Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ₺5.01. Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is 11.91.

The historical rank and industry rank for Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:SAYAS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.98   Med: 16.96   Max: 104
Current: 11.91

During the past years, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's highest Cyclically Adjusted PB Ratio was 104.00. The lowest was 8.98. And the median was 16.96.

IST:SAYAS's Cyclically Adjusted PB Ratio is ranked worse than
96.69% of 1238 companies
in the Construction industry
Industry Median: 1.175 vs IST:SAYAS: 11.91

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.

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's adjusted book value per share data for the three months ended in Jun. 2026 was ₺20.332. 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 ₺5.01 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS  (IST:SAYAS) 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.


Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio Related Terms


Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret 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.

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio Chart

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret 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 0.00 0.00 57.41 17.45 9.93

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret 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 14.18 14.71 9.93 8.96 10.24

IST:SAYAS vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret 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.


Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:SAYAS
78GF Score
Say Yenilenebilir Enerji Ekipmanlari Sanayi Ve Ticaret AS IST:SAYAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret 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.

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.65/5.01
=11.91

* 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.

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret 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)
=20.332/333.9520*333.9520
=20.332

Current CPI (Jun. 2026) = 333.9520.

Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.670 241.428 0.927
201612 0.414 241.432 0.573
201703 0.443 243.801 0.607
201706 0.421 244.955 0.574
201709 0.431 246.819 0.583
201712 0.432 246.524 0.585
201803 0.000 249.554 0.000
201806 0.361 251.989 0.478
201809 0.339 252.439 0.448
201812 0.229 251.233 0.304
201903 0.235 254.202 0.309
201906 0.245 256.143 0.319
201909 0.251 256.759 0.326
201912 0.220 256.974 0.286
202003 0.218 258.115 0.282
202006 0.229 257.797 0.297
202009 0.225 260.280 0.289
202012 0.423 260.474 0.542
202103 0.659 264.877 0.831
202106 0.851 271.696 1.046
202109 1.016 274.310 1.237
202112 1.313 278.802 1.573
202203 1.713 287.504 1.990
202206 2.127 296.311 2.397
202209 2.598 296.808 2.923
202212 5.791 296.797 6.516
202303 3.587 301.836 3.969
202306 5.293 305.109 5.793
202309 5.951 307.789 6.457
202312 10.399 306.746 11.321
202403 8.814 312.332 9.424
202406 9.853 314.175 10.473
202409 10.638 315.301 11.267
202412 13.968 315.605 14.780
202503 10.997 319.799 11.484
202506 13.356 322.561 13.828
202509 15.092 324.800 15.517
202512 15.942 324.054 16.429
202603 17.792 330.213 17.993
202606 20.332 333.952 20.332

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 11.91 mean?
Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS (IST:SAYAS) has a Cyclically Adjusted PB Ratio of 11.91 as of Aug. 31, 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 Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS and its competitors. This is 30% below median its historical median of 16.96. Over the past decade, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 8.98 to 104.00. According to the industry distribution chart, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS ranks #1197 out of 1238 companies in the Construction industry, placing it in the top 96.7%.
Is Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio too high?
Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's current Cyclically Adjusted PB Ratio of 11.91 is 30% below median its 10-year median of 16.96. Over the past 10 years, this metric has ranged from a low of 8.98 to a high of 104.00. The Construction industry median Cyclically Adjusted PB Ratio is 1.18. Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's value of 11.91 is 913.6% above this industry median. Based on the distribution chart, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS ranks #1197 out of 1238 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's Cyclically Adjusted PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS ranks #1197 out of 1238 companies for Cyclically Adjusted PB Ratio. This places Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's value of 11.91 is 913.6% above this benchmark. Historically, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 8.98 to 104.00 over the past decade. While the company's 10-year median is 16.96 vs. the industry median of 1.18, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.18, based on 1,238 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. Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's current Cyclically Adjusted PB Ratio of 11.91 is 913.6% 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 Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's current Cyclically Adjusted PB Ratio is 11.91, which is 30% below median its own 10-year median of 16.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS (IST:SAYAS) is currently considered Fairly Valued. The stock's GF Value™ is ₺63.43, compared to a current price of ₺59.65 — trading 6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.91, which is 30% below median its 10-year median of 16.96 and 913.6% above the Construction industry median of 1.18. Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS's overall GF Score™ is 78/100 with 9 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 Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS (IST:SAYAS), the current Cyclically Adjusted PB Ratio is 11.91 as of Aug. 31, 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 Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS (IST:SAYAS) Overvalued in 2026?

Based on GuruFocus' analysis, Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺59.65 is trading 6% below its estimated GF Value™ of ₺63.43. GuruFocus considers Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS to be Fairly Valued.

Key valuation signals for IST:SAYAS:

  • Cyclically Adjusted PB Ratio: 11.91 (30% below median its 10-year median of 16.96)
  • GF Value™: ₺63.43 vs. price of ₺59.65 (6% below fair value)
  • GF Score™: 78/100 with 9 warning signs
  • Industry Position: 913.6% above the Construction median (#1197 of 1238)

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


Say Yenilenebilir Enerji Ekipmanlarinayi Ve Ticaret AS Business Description

Address Kemalpasa OSB Mah. 519 Street No:317, Interior Door No:1 Interior Door No:2, Kemalpasa, Izmir, TUR
Say Yenilenebilir Enerji Ekipmanlari Sanayi Ve Ticaret AS is engaged in Renewable Energy equipment solutions. Its products and services are Tower Interior Features, Carrying Equipment, Tower External Parts, and Other products.
78GF Score

Get the complete analysis for IST:SAYAS

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

₺59.65
Price
₺63.43
GF Value