Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) Cyclically Adjusted PB Ratio: 8.37 (As of Jul. 11, 2026) — Near Median


IST:TOASO Tofas Turk Otomobil Fabrikasi AS IST:TOASO
87 GF Score
Price ₺302.75
GF Value ₺554.22
Valuation Possible Value Trap
! 7 Warning Signs
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What is Tofas Turk Otomobil Fabrikasi AS Cyclically Adjusted PB Ratio?

Tofas Turk Otomobil Fabrikasi AS IST:TOASO +2.63% 87 Cyclically Adjusted PB Ratio is 8.37 as of Jul. 11, 2026, which is 6% above its 10-year median of 7.92. GuruFocus rates IST:TOASO with a GF Score™ of 87/100 and a GF Value™ of ₺554.22 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,037 Vehicles & Parts companies, Tofas Turk Otomobil Fabrikasi AS ranks worse than 92.86% on this metric.

As of today (2026-07-11), Tofas Turk Otomobil Fabrikasi AS's current share price is ₺302.75. Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺36.19. Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio for today is 8.37.

The historical rank and industry rank for Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:TOASO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.17   Med: 7.92   Max: 30.19
Current: 8.34

During the past years, Tofas Turk Otomobil Fabrikasi AS's highest Cyclically Adjusted PB Ratio was 30.19. The lowest was 3.17. And the median was 7.92.

IST:TOASO's Cyclically Adjusted PB Ratio is ranked worse than
92.86% of 1037 companies
in the Vehicles & Parts industry
Industry Median: 1.32 vs IST:TOASO: 8.34

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.

Tofas Turk Otomobil Fabrikasi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺117.930. 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 ₺36.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tofas Turk Otomobil Fabrikasi AS  (IST:TOASO) 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.


Tofas Turk Otomobil Fabrikasi AS Cyclically Adjusted PB Ratio Related Terms


Tofas Turk Otomobil Fabrikasi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tofas Turk Otomobil Fabrikasi 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.

Tofas Turk Otomobil Fabrikasi AS Cyclically Adjusted PB Ratio Chart

Tofas Turk Otomobil Fabrikasi 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 11.64 19.27 15.57 9.13 7.53

Tofas Turk Otomobil Fabrikasi 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 7.21 7.17 8.63 7.53 7.56

IST:TOASO vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, Tofas Turk Otomobil Fabrikasi 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.


Tofas Turk Otomobil Fabrikasi AS Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio falls into.


IST:TOASO
87GF Score
Tofas Turk Otomobil Fabrikasi AS IST:TOASO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tofas Turk Otomobil Fabrikasi 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.

Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=302.75/36.19
=8.37

* 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.

Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tofas Turk Otomobil Fabrikasi 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)
=117.93/330.2130*330.2130
=117.930

Current CPI (Mar. 2026) = 330.2130.

Tofas Turk Otomobil Fabrikasi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 5.417 241.018 7.422
201609 5.689 241.428 7.781
201612 5.915 241.432 8.090
201703 5.611 243.801 7.600
201706 6.136 244.955 8.272
201709 6.555 246.819 8.770
201712 7.166 246.524 9.599
201803 5.975 249.554 7.906
201806 6.437 251.989 8.435
201809 5.892 252.439 7.707
201812 7.413 251.233 9.743
201903 6.255 254.202 8.125
201906 7.025 256.143 9.056
201909 7.977 256.759 10.259
201912 8.658 256.974 11.126
202003 6.775 258.115 8.667
202006 7.107 257.797 9.103
202009 7.109 260.280 9.019
202012 8.937 260.474 11.330
202103 6.874 264.877 8.570
202106 8.553 271.696 10.395
202109 10.004 274.310 12.043
202112 11.487 278.802 13.605
202203 7.311 287.504 8.397
202206 11.297 296.311 12.590
202209 15.953 296.808 17.748
202212 51.698 296.797 57.519
202303 22.004 301.836 24.073
202306 31.716 305.109 34.326
202309 42.461 307.789 45.555
202312 106.493 306.746 114.640
202403 71.481 312.332 75.573
202406 79.940 314.175 84.021
202409 88.233 315.301 92.406
202412 123.305 315.605 129.012
202503 89.910 319.799 92.838
202506 96.478 322.561 98.767
202509 105.588 324.800 107.348
202512 120.062 324.054 122.344
202603 117.930 330.213 117.930

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 8.37 mean?
Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) has a Cyclically Adjusted PB Ratio of 8.37 as of Jul. 11, 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 Tofas Turk Otomobil Fabrikasi AS and its competitors. This is near median its historical median of 7.92. Over the past decade, Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio has ranged from 3.17 to 30.19. According to the industry distribution chart, Tofas Turk Otomobil Fabrikasi AS ranks #963 out of 1037 companies in the Vehicles & Parts industry, placing it in the top 92.9%.
Is Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio too high?
Tofas Turk Otomobil Fabrikasi AS's current Cyclically Adjusted PB Ratio of 8.37 is near median its 10-year median of 7.92. Over the past 10 years, this metric has ranged from a low of 3.17 to a high of 30.19. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.32. Tofas Turk Otomobil Fabrikasi AS's value of 8.37 is 534.1% above this industry median. Based on the distribution chart, Tofas Turk Otomobil Fabrikasi AS ranks #963 out of 1037 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tofas Turk Otomobil Fabrikasi AS has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tofas Turk Otomobil Fabrikasi AS's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tofas Turk Otomobil Fabrikasi AS ranks #963 out of 1037 companies for Cyclically Adjusted PB Ratio. This places Tofas Turk Otomobil Fabrikasi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.32. Tofas Turk Otomobil Fabrikasi AS's value of 8.37 is 534.1% above this benchmark. Historically, Tofas Turk Otomobil Fabrikasi AS's own Cyclically Adjusted PB Ratio has ranged from 3.17 to 30.19 over the past decade. While the company's 10-year median is 7.92 vs. the industry median of 1.32, Tofas Turk Otomobil Fabrikasi 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.32, based on 1,037 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. Tofas Turk Otomobil Fabrikasi AS's current Cyclically Adjusted PB Ratio of 8.37 is 534.1% 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 Tofas Turk Otomobil Fabrikasi AS and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tofas Turk Otomobil Fabrikasi AS's current Cyclically Adjusted PB Ratio is 8.37, which is near median its own 10-year median of 7.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tofas Turk Otomobil Fabrikasi AS stock overvalued right now?
Based on GuruFocus' analysis, Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺554.22, compared to a current price of ₺302.75 — trading 45.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 8.37, which is near median its 10-year median of 7.92 and 534.1% above the Vehicles & Parts industry median of 1.32. Tofas Turk Otomobil Fabrikasi AS's overall GF Score™ is 87/100 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 Tofas Turk Otomobil Fabrikasi AS (IST:TOASO), the current Cyclically Adjusted PB Ratio is 8.37 as of Jul. 11, 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 Tofas Turk Otomobil Fabrikasi AS (IST:TOASO) Overvalued in 2026?

Based on GuruFocus' analysis, Tofas Turk Otomobil Fabrikasi AS stock appears to be undervalued. The current stock price of ₺302.75 is trading 45.4% below its estimated GF Value™ of ₺554.22. GuruFocus considers Tofas Turk Otomobil Fabrikasi AS to be Possible Value Trap.

Key valuation signals for IST:TOASO:

  • Cyclically Adjusted PB Ratio: 8.37 (near median its 10-year median of 7.92)
  • GF Value™: ₺554.22 vs. price of ₺302.75 (45.4% below fair value)
  • GF Score™: 87/100 with 7 warning signs
  • Industry Position: 534.1% above the Vehicles & Parts median (#963 of 1037)

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


Tofas Turk Otomobil Fabrikasi AS Business Description

Address Buyukdere Cad. No: 145 Tofas Han, Zincirlikuyu, Sisli, Istanbul, TUR, 34394
Tofas Turk Otomobil Fabrikasi AS is engaged in manufacturing, exporting and selling passenger cars and light commercial vehicles, and also produces various automotive spare parts used in its automobiles. The Group's operating groups consist of automobile and spare parts trading and consumer financing. Its brands include FIAT, Alfa Romeo, Jeep, Citroen, DS Automobiles, Opel, and Peugeot. Its services include Eurorepar Car Service, Koc Stellantis Financing, Koc Stellantis Insurance, Magneti Marelli, Opar, SPAR and Spoticar.
87GF Score

Get the complete analysis for IST:TOASO

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

₺302.75
Price
₺554.22
GF Value