Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS (IST:ULAS) Cyclically Adjusted PB Ratio: 4.29 (As of Jul. 14, 2026) — 37% Below Median

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IST:ULAS Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS IST:ULAS
12 GF Score
Price ₺23.06
! 4 Warning Signs
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What is Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS Cyclically Adjusted PB Ratio?

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS IST:ULAS -2.86% 12 Cyclically Adjusted PB Ratio is 4.29 as of Jul. 14, 2026, which is 37% below its 10-year median of 6.79. GuruFocus rates IST:ULAS with a GF Score™ of 12/100. The stock has 4 warning signs investors should review. Among 652 Travel & Leisure companies, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS ranks worse than 84.66% on this metric.

As of today (2026-07-14), Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's current share price is ₺23.06. Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺5.37. Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio for today is 4.29.

The historical rank and industry rank for Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:ULAS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.42   Med: 6.79   Max: 10.31
Current: 4.42

During the past years, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's highest Cyclically Adjusted PB Ratio was 10.31. The lowest was 4.42. And the median was 6.79.

IST:ULAS's Cyclically Adjusted PB Ratio is ranked worse than
84.66% of 652 companies
in the Travel & Leisure industry
Industry Median: 1.23 vs IST:ULAS: 4.42

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.

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺18.551. 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 ₺5.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS  (IST:ULAS) 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.


Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS Cyclically Adjusted PB Ratio Related Terms


Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari 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.

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS Cyclically Adjusted PB Ratio Chart

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari 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 3.40 9.25 8.03 10.19 5.84

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari 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 6.54 5.64 6.51 5.84 8.29

IST:ULAS vs MAR, HLT, H: Cyclically Adjusted PB Ratio Comparison

For the Lodging subindustry, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari 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.


Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio falls into.


IST:ULAS
12GF Score
Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS IST:ULAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari 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.

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.06/5.37
=4.29

* 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.

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari 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)
=18.551/330.2130*330.2130
=18.551

Current CPI (Mar. 2026) = 330.2130.

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.545 241.018 0.747
201609 0.501 241.428 0.685
201612 0.367 241.432 0.502
201703 0.324 243.801 0.439
201706 0.303 244.955 0.408
201709 0.995 246.819 1.331
201712 0.993 246.524 1.330
201803 1.016 249.554 1.344
201806 1.018 251.989 1.334
201809 1.114 252.439 1.457
201812 1.034 251.233 1.359
201903 1.037 254.202 1.347
201906 1.037 256.143 1.337
201909 0.990 256.759 1.273
201912 0.991 256.974 1.273
202003 0.963 258.115 1.232
202006 1.235 257.797 1.582
202009 1.270 260.280 1.611
202012 1.226 260.474 1.554
202103 1.259 264.877 1.570
202106 1.271 271.696 1.545
202109 1.303 274.310 1.569
202112 2.295 278.802 2.718
202203 2.370 287.504 2.722
202206 2.352 296.311 2.621
202209 2.415 296.808 2.687
202212 7.571 296.797 8.423
202303 4.551 301.836 4.979
202306 7.007 305.109 7.584
202309 6.814 307.789 7.310
202312 12.193 306.746 13.126
202403 9.504 312.332 10.048
202406 10.174 314.175 10.693
202409 10.909 315.301 11.425
202412 16.562 315.605 17.329
202503 14.955 319.799 15.442
202506 16.515 322.561 16.907
202509 17.203 324.800 17.490
202512 17.421 324.054 17.752
202603 18.551 330.213 18.551

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 4.29 mean?
Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS (IST:ULAS) has a Cyclically Adjusted PB Ratio of 4.29 as of Jul. 14, 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 Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS and its competitors. This is 37% below median its historical median of 6.79. Over the past decade, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio has ranged from 4.42 to 10.31. According to the industry distribution chart, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS ranks #552 out of 652 companies in the Travel & Leisure industry, placing it in the top 84.7%.
Is Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio too high?
Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's current Cyclically Adjusted PB Ratio of 4.29 is 37% below median its 10-year median of 6.79. Over the past 10 years, this metric has ranged from a low of 4.42 to a high of 10.31. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.23. Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's value of 4.29 is 248.8% above this industry median. Based on the distribution chart, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS ranks #552 out of 652 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's Cyclically Adjusted PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS ranks #552 out of 652 companies for Cyclically Adjusted PB Ratio. This places Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's value of 4.29 is 248.8% above this benchmark. Historically, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's own Cyclically Adjusted PB Ratio has ranged from 4.42 to 10.31 over the past decade. While the company's 10-year median is 6.79 vs. the industry median of 1.23, Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.23, based on 652 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. Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's current Cyclically Adjusted PB Ratio of 4.29 is 248.8% 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 Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's current Cyclically Adjusted PB Ratio is 4.29, which is 37% below median its own 10-year median of 6.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS stock overvalued right now?
Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS (IST:ULAS) has a current Cyclically Adjusted PB Ratio of 4.29. The current Cyclically Adjusted PB Ratio is 4.29, which is 37% below median its 10-year median of 6.79 and 248.8% above the Travel & Leisure industry median of 1.23. Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS's overall GF Score™ is 12/100 with 4 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 Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS (IST:ULAS), the current Cyclically Adjusted PB Ratio is 4.29 as of Jul. 14, 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.

Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS Business Description

Address 1042nd Street, 1330th Street, Asagi Ovecler Mah. 1042 Cadde 1330, 3-4, Cankaya, Ankara, TUR, 06460
Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS is a Turkey-based company operating in tourism, energy, agriculture, food, construction, and real estate sectors. It owns and operates hotels including Viva Ulaslar Hotel and Club Hotel Ulaslar in Antalya, providing accommodation services.
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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