TR Anadolu Metal Madencilik Isletmeleri AS (IST:TRMET) Cyclically Adjusted PB Ratio: (As of Aug. 26, 2026)

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:TRMET TR Anadolu Metal Madencilik Isletmeleri AS IST:TRMET
68 GF Score
Price ₺138.90
GF Value ₺129.51
Valuation Fairly Valued
! 2 Warning Signs
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What is TR Anadolu Metal Madencilik Isletmeleri AS Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TR Anadolu Metal Madencilik Isletmeleri AS  (IST:TRMET) 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.


TR Anadolu Metal Madencilik Isletmeleri AS Cyclically Adjusted PB Ratio Related Terms


TR Anadolu Metal Madencilik Isletmeleri AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TR Anadolu Metal Madencilik Isletmeleri 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.

TR Anadolu Metal Madencilik Isletmeleri AS Cyclically Adjusted PB Ratio Chart

TR Anadolu Metal Madencilik Isletmeleri 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 3.02 6.65 3.97 4.87 4.90

TR Anadolu Metal Madencilik Isletmeleri 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 4.64 4.55 4.90 5.17 0.00

TR Anadolu Metal Madencilik Isletmeleri AS Cyclically Adjusted PB Ratio Competitor Comparison

For the Other Industrial Metals & Mining subindustry, TR Anadolu Metal Madencilik Isletmeleri 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.


TR Anadolu Metal Madencilik Isletmeleri AS Cyclically Adjusted PB Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, TR Anadolu Metal Madencilik Isletmeleri AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where TR Anadolu Metal Madencilik Isletmeleri AS's Cyclically Adjusted PB Ratio falls into.


IST:TRMET
68GF Score
TR Anadolu Metal Madencilik Isletmeleri AS IST:TRMET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TR Anadolu Metal Madencilik Isletmeleri 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.

TR Anadolu Metal Madencilik Isletmeleri AS's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, TR Anadolu Metal Madencilik Isletmeleri 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)
=77.519/333.9520*333.9520
=77.519

Current CPI (Jun. 2026) = 333.9520.

TR Anadolu Metal Madencilik Isletmeleri AS Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 3.742 241.432 5.176
201703 3.849 243.801 5.272
201706 3.989 244.955 5.438
201709 4.128 246.819 5.585
201712 4.180 246.524 5.662
201803 4.236 249.554 5.669
201806 4.623 251.989 6.127
201809 5.120 252.439 6.773
201812 5.360 251.233 7.125
201903 5.776 254.202 7.588
201906 6.269 256.143 8.173
201909 6.852 256.759 8.912
201912 7.414 256.974 9.635
202003 7.799 258.115 10.090
202006 8.316 257.797 10.773
202009 8.883 260.280 11.397
202012 9.202 260.474 11.798
202103 10.082 264.877 12.711
202106 11.058 271.696 13.592
202109 11.569 274.310 14.084
202112 12.446 278.802 14.908
202203 13.468 287.504 15.644
202206 14.095 296.311 15.886
202209 15.446 296.808 17.379
202212 35.175 296.797 39.578
202303 16.947 301.836 18.750
202306 18.139 305.109 19.854
202309 19.912 307.789 21.605
202312 49.016 306.746 53.363
202403 37.470 312.332 40.064
202406 40.389 314.175 42.931
202409 39.882 315.301 42.241
202412 58.113 315.605 61.491
202503 49.641 319.799 51.838
202506 54.222 322.561 56.137
202509 62.308 324.800 64.064
202512 63.212 324.054 65.143
202603 71.093 330.213 71.898
202606 77.519 333.952 77.519

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.

Is TR Anadolu Metal Madencilik Isletmeleri AS (IST:TRMET) Overvalued in 2026?

Based on GuruFocus' analysis, TR Anadolu Metal Madencilik Isletmeleri AS stock appears to be overvalued. The current stock price of ₺138.90 is trading 7.3% above its estimated GF Value™ of ₺129.51. GuruFocus considers TR Anadolu Metal Madencilik Isletmeleri AS to be Fairly Valued.

Key valuation signals for IST:TRMET:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ₺129.51 vs. price of ₺138.90 (7.3% above fair value)
  • GF Score™: 68/100 with 2 warning signs

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


TR Anadolu Metal Madencilik Isletmeleri AS Business Description

Address stanbul Yolu, 10 km No 310, Ankara, Cankaya, Batikent, TUR
TR Anadolu Metal Madencilik Isletmeleri AS, formerly Koza Anadolu Metal Madencilik Isletmeleri AS operates in the mining sector in Turkey. The firm engages in the development and exploration of copper, lead-zinc, iron and similar mineral mining reserves. It holds interests in the Balikesir-Sagirlar Project, Ciftehan-Esendemir Project, Ciftehan-Elmali Project, Konak Project, Diyarbakir-Cungus Project, and Batman-Sason Project.
68GF Score

Get the complete analysis for IST:TRMET

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

₺138.90
Price
₺129.51
GF Value