Usak Seramiknayii AS (IST:USAK) Cyclically Adjusted PB Ratio: 1.52 (As of Aug. 06, 2026) — 15% Below Median

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IST:USAK Usak Seramik Sanayii AS IST:USAK
65 GF Score
Price ₺1.28
GF Value ₺2.41
Valuation Possible Value Trap
! 11 Warning Signs
View Full Analysis

What is Usak Seramiknayii AS Cyclically Adjusted PB Ratio?

Usak Seramiknayii AS IST:USAK -1.54% 65 Cyclically Adjusted PB Ratio is 1.52 as of Aug. 06, 2026, which is 15% below its 10-year median of 1.78. GuruFocus rates IST:USAK with a GF Score™ of 65/100 and a GF Value™ of ₺2.41 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 1,346 Construction companies, Usak Seramiknayii AS ranks worse than 63.6% on this metric.

As of today (2026-08-06), Usak Seramiknayii AS's current share price is ₺1.28. Usak Seramiknayii AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was ₺0.84. Usak Seramiknayii AS's Cyclically Adjusted PB Ratio for today is 1.52.

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

IST:USAK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 1.78   Max: 8.4
Current: 1.69

During the past years, Usak Seramiknayii AS's highest Cyclically Adjusted PB Ratio was 8.40. The lowest was 0.56. And the median was 1.78.

IST:USAK's Cyclically Adjusted PB Ratio is ranked worse than
63.6% of 1346 companies
in the Construction industry
Industry Median: 1.14 vs IST:USAK: 1.69

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.

Usak Seramiknayii AS's adjusted book value per share data for the three months ended in Dec. 2025 was ₺2.736. 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 ₺0.84 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Usak Seramiknayii AS  (IST:USAK) 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.


Usak Seramiknayii AS Cyclically Adjusted PB Ratio Related Terms


Usak Seramiknayii AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Usak Seramiknayii 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.

Usak Seramiknayii AS Cyclically Adjusted PB Ratio Chart

Usak Seramiknayii 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 0.77 1.85 3.78 3.03 2.44

Usak Seramiknayii AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 3.03 4.59 4.78 2.92 2.44

IST:USAK vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Usak Seramiknayii 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.


Usak Seramiknayii AS Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Usak Seramiknayii AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


IST:USAK
65GF Score
Usak Seramik Sanayii AS IST:USAK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Usak Seramiknayii 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.

Usak Seramiknayii AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.28/0.84
=1.52

* 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.

Usak Seramiknayii AS's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Usak Seramiknayii AS's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=2.736/324.0540*324.0540
=2.736

Current CPI (Dec. 2025) = 324.0540.

Usak Seramiknayii AS Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.170 238.132 0.231
201606 0.171 241.018 0.230
201609 0.171 241.428 0.230
201612 0.216 241.432 0.290
201703 0.218 243.801 0.290
201706 0.000 244.955 0.000
201709 0.225 246.819 0.295
201712 0.222 246.524 0.292
201803 0.225 249.554 0.292
201806 0.227 251.989 0.292
201809 0.325 252.439 0.417
201812 0.321 251.233 0.414
201903 0.231 254.202 0.294
201906 0.235 256.143 0.297
201909 0.000 256.759 0.000
201912 0.235 256.974 0.296
202003 0.237 258.115 0.298
202006 0.214 257.797 0.269
202009 0.218 260.280 0.271
202012 0.217 260.474 0.270
202103 0.218 264.877 0.267
202106 1.662 271.696 1.982
202109 0.224 274.310 0.265
202112 0.389 278.802 0.452
202203 0.402 287.504 0.453
202206 0.442 296.311 0.483
202209 0.456 296.808 0.498
202212 1.225 296.797 1.338
202303 0.000 301.836 0.000
202306 0.000 305.109 0.000
202309 0.505 307.789 0.532
202312 1.904 306.746 2.011
202403 1.464 312.332 1.519
202406 1.547 314.175 1.596
202409 1.645 315.301 1.691
202412 2.446 315.605 2.511
202503 1.959 319.799 1.985
202506 2.246 322.561 2.256
202509 2.454 324.800 2.448
202512 2.736 324.054 2.736

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 1.52 mean?
Usak Seramiknayii AS (IST:USAK) has a Cyclically Adjusted PB Ratio of 1.52 as of Aug. 06, 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 Usak Seramiknayii AS and its competitors. This is 15% below median its historical median of 1.78. Over the past decade, Usak Seramiknayii AS's Cyclically Adjusted PB Ratio has ranged from 0.56 to 8.40. According to the industry distribution chart, Usak Seramiknayii AS ranks #856 out of 1346 companies in the Construction industry, placing it in the top 63.6%.
Is Usak Seramiknayii AS's Cyclically Adjusted PB Ratio too high?
Usak Seramiknayii AS's current Cyclically Adjusted PB Ratio of 1.52 is 15% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 8.40. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Usak Seramiknayii AS's value of 1.52 is 33.3% above this industry median. Based on the distribution chart, Usak Seramiknayii AS ranks #856 out of 1346 companies in the Construction industry, which is below the industry midpoint. Overall, Usak Seramiknayii AS has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Usak Seramiknayii AS's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Usak Seramiknayii AS ranks #856 out of 1346 companies for Cyclically Adjusted PB Ratio. This places Usak Seramiknayii AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Usak Seramiknayii AS's value of 1.52 is 33.3% above this benchmark. Historically, Usak Seramiknayii AS's own Cyclically Adjusted PB Ratio has ranged from 0.56 to 8.40 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.14, Usak Seramiknayii 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 1.14, based on 1,346 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. Usak Seramiknayii AS's current Cyclically Adjusted PB Ratio of 1.52 is 33.3% 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 Usak Seramiknayii AS and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usak Seramiknayii AS's current Cyclically Adjusted PB Ratio is 1.52, which is 15% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usak Seramiknayii AS stock overvalued right now?
Based on GuruFocus' analysis, Usak Seramiknayii AS (IST:USAK) is currently considered Possible Value Trap. The stock's GF Value™ is ₺2.41, compared to a current price of ₺1.28 — trading 46.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is 15% below median its 10-year median of 1.78 and 33.3% above the Construction industry median of 1.14. Usak Seramiknayii AS's overall GF Score™ is 65/100 with 11 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 Usak Seramiknayii AS (IST:USAK), the current Cyclically Adjusted PB Ratio is 1.52 as of Aug. 06, 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 Usak Seramiknayii AS (IST:USAK) Overvalued in 2026?

Based on GuruFocus' analysis, Usak Seramiknayii AS stock appears to be undervalued. The current stock price of ₺1.28 is trading 46.9% below its estimated GF Value™ of ₺2.41. GuruFocus considers Usak Seramiknayii AS to be Possible Value Trap.

Key valuation signals for IST:USAK:

  • Cyclically Adjusted PB Ratio: 1.52 (15% below median its 10-year median of 1.78)
  • GF Value™: ₺2.41 vs. price of ₺1.28 (46.9% below fair value)
  • GF Score™: 65/100 with 11 warning signs
  • Industry Position: 33.3% above the Construction median (#856 of 1346)

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


Usak Seramiknayii AS Business Description

Address Dilek Mahallesi De?irmenler Sokak No:100, Banaz, Istanbul, TUR, 64500
Usak Seramik Sanayii AS is a Turkey-based company engaged in the manufacture, sale and distribution of wall and floor ceramics and tiles, glazed porcelain tiles, decorative borders and panels for the construction industry. It also offers granite tiles, kerb, decor, Wall, Floor and Porcelain Tiles.
65GF Score

Get the complete analysis for IST:USAK

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

₺1.28
Price
₺2.41
GF Value