Tat Gidanayi AS (IST:TATGD) Cyclically Adjusted PB Ratio: 2.62 (As of Jul. 12, 2026) — 19% Below Median


IST:TATGD Tat Gida Sanayi AS IST:TATGD
67 GF Score
Price ₺18.20
GF Value ₺15.49
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Tat Gidanayi AS Cyclically Adjusted PB Ratio?

Tat Gidanayi AS IST:TATGD +1.68% 67 Cyclically Adjusted PB Ratio is 2.62 as of Jul. 12, 2026, which is 19% below its 10-year median of 3.25. GuruFocus rates IST:TATGD with a GF Score™ of 67/100 and a GF Value™ of ₺15.49 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,445 Consumer Packaged Goods companies, Tat Gidanayi AS ranks worse than 75.43% on this metric.

As of today (2026-07-12), Tat Gidanayi AS's current share price is ₺18.20. Tat Gidanayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺6.95. Tat Gidanayi AS's Cyclically Adjusted PB Ratio for today is 2.62.

The historical rank and industry rank for Tat Gidanayi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:TATGD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 3.25   Max: 8.65
Current: 2.62

During the past years, Tat Gidanayi AS's highest Cyclically Adjusted PB Ratio was 8.65. The lowest was 1.67. And the median was 3.25.

IST:TATGD's Cyclically Adjusted PB Ratio is ranked worse than
75.43% of 1445 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs IST:TATGD: 2.62

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.

Tat Gidanayi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺30.979. 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 ₺6.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tat Gidanayi AS  (IST:TATGD) 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.


Tat Gidanayi AS Cyclically Adjusted PB Ratio Related Terms


Tat Gidanayi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tat Gidanayi 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.

Tat Gidanayi AS Cyclically Adjusted PB Ratio Chart

Tat Gidanayi 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 3.24 7.62 5.64 2.87 1.92

Tat Gidanayi 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 2.39 2.08 2.29 1.92 2.33

IST:TATGD vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Tat Gidanayi 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.


Tat Gidanayi AS Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tat Gidanayi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tat Gidanayi AS's Cyclically Adjusted PB Ratio falls into.


IST:TATGD
67GF Score
Tat Gida Sanayi AS IST:TATGD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tat Gidanayi 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.

Tat Gidanayi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.20/6.95
=2.62

* 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.

Tat Gidanayi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tat Gidanayi 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)
=30.979/330.2130*330.2130
=30.979

Current CPI (Mar. 2026) = 330.2130.

Tat Gidanayi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.857 241.018 2.544
201609 1.905 241.428 2.606
201612 1.948 241.432 2.664
201703 1.871 243.801 2.534
201706 1.909 244.955 2.573
201709 1.985 246.819 2.656
201712 2.084 246.524 2.791
201803 2.000 249.554 2.646
201806 2.059 251.989 2.698
201809 2.087 252.439 2.730
201812 2.117 251.233 2.783
201903 2.175 254.202 2.825
201906 2.257 256.143 2.910
201909 2.307 256.759 2.967
201912 2.369 256.974 3.044
202003 2.362 258.115 3.022
202006 2.498 257.797 3.200
202009 2.569 260.280 3.259
202012 2.979 260.474 3.777
202103 3.190 264.877 3.977
202106 3.458 271.696 4.203
202109 3.583 274.310 4.313
202112 3.741 278.802 4.431
202203 3.904 287.504 4.484
202206 4.244 296.311 4.730
202209 4.453 296.808 4.954
202212 11.003 296.797 12.242
202303 5.058 301.836 5.534
202306 5.009 305.109 5.421
202309 5.097 307.789 5.468
202312 14.382 306.746 15.482
202403 11.257 312.332 11.901
202406 11.021 314.175 11.584
202409 11.499 315.301 12.043
202412 17.077 315.605 17.867
202503 14.188 319.799 14.650
202506 14.849 322.561 15.201
202509 16.120 324.800 16.389
202512 17.545 324.054 17.878
202603 30.979 330.213 30.979

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 2.62 mean?
Tat Gidanayi AS (IST:TATGD) has a Cyclically Adjusted PB Ratio of 2.62 as of Jul. 12, 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 Tat Gidanayi AS and its competitors. This is 19% below median its historical median of 3.25. Over the past decade, Tat Gidanayi AS's Cyclically Adjusted PB Ratio has ranged from 1.67 to 8.65. According to the industry distribution chart, Tat Gidanayi AS ranks #1090 out of 1445 companies in the Consumer Packaged Goods industry, placing it in the top 75.4%.
Is Tat Gidanayi AS's Cyclically Adjusted PB Ratio too high?
Tat Gidanayi AS's current Cyclically Adjusted PB Ratio of 2.62 is 19% below median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 8.65. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Tat Gidanayi AS's value of 2.62 is 109.6% above this industry median. Based on the distribution chart, Tat Gidanayi AS ranks #1090 out of 1445 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Tat Gidanayi AS has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tat Gidanayi AS's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tat Gidanayi AS ranks #1090 out of 1445 companies for Cyclically Adjusted PB Ratio. This places Tat Gidanayi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Tat Gidanayi AS's value of 2.62 is 109.6% above this benchmark. Historically, Tat Gidanayi AS's own Cyclically Adjusted PB Ratio has ranged from 1.67 to 8.65 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 1.25, Tat Gidanayi 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,445 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. Tat Gidanayi AS's current Cyclically Adjusted PB Ratio of 2.62 is 109.6% 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 Tat Gidanayi AS and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tat Gidanayi AS's current Cyclically Adjusted PB Ratio is 2.62, which is 19% below median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tat Gidanayi AS stock overvalued right now?
Based on GuruFocus' analysis, Tat Gidanayi AS (IST:TATGD) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺15.49, compared to a current price of ₺18.20 — trading 17.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.62, which is 19% below median its 10-year median of 3.25 and 109.6% above the Consumer Packaged Goods industry median of 1.25. Tat Gidanayi AS's overall GF Score™ is 67/100 with 6 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 Tat Gidanayi AS (IST:TATGD), the current Cyclically Adjusted PB Ratio is 2.62 as of Jul. 12, 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 Tat Gidanayi AS (IST:TATGD) Overvalued in 2026?

Based on GuruFocus' analysis, Tat Gidanayi AS stock appears to be overvalued. The current stock price of ₺18.20 is trading 17.5% above its estimated GF Value™ of ₺15.49. GuruFocus considers Tat Gidanayi AS to be Modestly Overvalued.

Key valuation signals for IST:TATGD:

  • Cyclically Adjusted PB Ratio: 2.62 (19% below median its 10-year median of 3.25)
  • GF Value™: ₺15.49 vs. price of ₺18.20 (17.5% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 109.6% above the Consumer Packaged Goods median (#1090 of 1445)

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


Tat Gidanayi AS Business Description

Address Tasdelen Mahallesi Sirri Celik Bulvari No. 7, Cekmekoy, Istanbul, TUR, 34788
Tat Gida Sanayi AS is involved in the food sector. The company is engaged in production, distribution, marketing, the domestic and foreign trade of food, beverage, juice, agricultural and animal products, frozen foods, dried goods, sweet and sugar free juice and canned goods. Its segments include Tomato paste and canned foods; and Milk and dairy products. The company generates maximum revenue from the Milk and dairy products segment.
67GF Score

Get the complete analysis for IST:TATGD

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

₺18.20
Price
₺15.49
GF Value