Vanet Gidanayi Ic ve Dis Ticaret AS (IST:VANGD) Cyclically Adjusted PB Ratio: 26.11 (As of Sep. 02, 2026) — 84% Above Median

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:VANGD Vanet Gida Sanayi Ic ve Dis Ticaret AS IST:VANGD
37 GF Score
Price ₺89.55
! 4 Warning Signs
View Full Analysis

What is Vanet Gidanayi Ic ve Dis Ticaret AS Cyclically Adjusted PB Ratio?

Vanet Gidanayi Ic ve Dis Ticaret AS IST:VANGD -9.22% 37 Cyclically Adjusted PB Ratio is 26.11 as of Sep. 02, 2026, which is 84% above its 10-year median of 14.22. GuruFocus rates IST:VANGD with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 217 Retail - Defensive companies, Vanet Gidanayi Ic ve Dis Ticaret AS ranks worse than 98.62% on this metric.

As of today (2026-09-02), Vanet Gidanayi Ic ve Dis Ticaret AS's current share price is ₺89.55. Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was ₺3.43. Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio for today is 26.11.

The historical rank and industry rank for Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:VANGD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.88   Med: 14.22   Max: 29.94
Current: 29.65

During the past years, Vanet Gidanayi Ic ve Dis Ticaret AS's highest Cyclically Adjusted PB Ratio was 29.94. The lowest was 6.88. And the median was 14.22.

IST:VANGD's Cyclically Adjusted PB Ratio is ranked worse than
98.62% of 217 companies
in the Retail - Defensive industry
Industry Median: 1.62 vs IST:VANGD: 29.65

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.

Vanet Gidanayi Ic ve Dis Ticaret AS's adjusted book value per share data for the three months ended in Sep. 2025 was ₺9.204. 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 ₺3.43 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vanet Gidanayi Ic ve Dis Ticaret AS  (IST:VANGD) 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.


Vanet Gidanayi Ic ve Dis Ticaret AS Cyclically Adjusted PB Ratio Related Terms


Vanet Gidanayi Ic ve Dis Ticaret AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Vanet Gidanayi Ic ve Dis Ticaret 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.

Vanet Gidanayi Ic ve Dis Ticaret AS Cyclically Adjusted PB Ratio Chart

Vanet Gidanayi Ic ve Dis Ticaret AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Vanet Gidanayi Ic ve Dis Ticaret AS Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.00 0.00 6.72 12.66 14.09

IST:VANGD vs SYY, USFD, PFGC: Cyclically Adjusted PB Ratio Comparison

For the Food Distribution subindustry, Vanet Gidanayi Ic ve Dis Ticaret 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.


Vanet Gidanayi Ic ve Dis Ticaret AS Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio falls into.


IST:VANGD
37GF Score
Vanet Gida Sanayi Ic ve Dis Ticaret AS IST:VANGD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vanet Gidanayi Ic ve Dis Ticaret 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.

Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=89.55/3.43
=26.11

* 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.

Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Vanet Gidanayi Ic ve Dis Ticaret AS's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=9.204/324.8000*324.8000
=9.204

Current CPI (Sep. 2025) = 324.8000.

Vanet Gidanayi Ic ve Dis Ticaret AS Quarterly Data

Book Value per Share CPI Adj_Book
201106 2.016 225.722 2.901
201112 1.721 225.672 2.477
201206 1.452 229.478 2.055
201212 1.333 229.601 1.886
201306 1.327 233.504 1.846
201312 1.335 233.049 1.861
201406 1.239 238.343 1.688
201412 1.427 234.812 1.974
201512 1.573 236.525 2.160
201606 1.567 241.018 2.112
201612 1.228 241.432 1.652
201706 1.168 244.955 1.549
201712 1.637 246.524 2.157
201806 2.032 251.989 2.619
201812 1.550 251.233 2.004
201906 1.107 256.143 1.404
201912 1.174 256.974 1.484
202003 0.000 258.115 0.000
202006 1.276 257.797 1.608
202009 0.000 260.280 0.000
202012 1.432 260.474 1.786
202103 1.466 264.877 1.798
202106 1.464 271.696 1.750
202109 1.487 274.310 1.761
202112 2.041 278.802 2.378
202203 2.075 287.504 2.344
202206 2.032 296.311 2.227
202209 2.057 296.808 2.251
202212 6.902 296.797 7.553
202303 3.481 301.836 3.746
202306 3.638 305.109 3.873
202309 3.525 307.789 3.720
202312 7.914 306.746 8.380
202403 6.186 312.332 6.433
202406 7.193 314.175 7.436
202409 0.000 315.301 0.000
202412 7.549 315.605 7.769
202503 8.225 319.799 8.354
202506 8.668 322.561 8.728
202509 9.204 324.800 9.204

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 26.11 mean?
Vanet Gidanayi Ic ve Dis Ticaret AS (IST:VANGD) has a Cyclically Adjusted PB Ratio of 26.11 as of Sep. 02, 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 Vanet Gidanayi Ic ve Dis Ticaret AS and its competitors. This is 84% above median its historical median of 14.22. Over the past decade, Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio has ranged from 6.88 to 29.94. According to the industry distribution chart, Vanet Gidanayi Ic ve Dis Ticaret AS ranks #214 out of 217 companies in the Retail - Defensive industry, placing it in the top 98.6%.
Is Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio too high?
Vanet Gidanayi Ic ve Dis Ticaret AS's current Cyclically Adjusted PB Ratio of 26.11 is 84% above median its 10-year median of 14.22. Over the past 10 years, this metric has ranged from a low of 6.88 to a high of 29.94. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.62. Vanet Gidanayi Ic ve Dis Ticaret AS's value of 26.11 is 1511.7% above this industry median. Based on the distribution chart, Vanet Gidanayi Ic ve Dis Ticaret AS ranks #214 out of 217 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Vanet Gidanayi Ic ve Dis Ticaret AS has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Vanet Gidanayi Ic ve Dis Ticaret AS's Cyclically Adjusted PB Ratio compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Vanet Gidanayi Ic ve Dis Ticaret AS ranks #214 out of 217 companies for Cyclically Adjusted PB Ratio. This places Vanet Gidanayi Ic ve Dis Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Vanet Gidanayi Ic ve Dis Ticaret AS's value of 26.11 is 1511.7% above this benchmark. Historically, Vanet Gidanayi Ic ve Dis Ticaret AS's own Cyclically Adjusted PB Ratio has ranged from 6.88 to 29.94 over the past decade. While the company's 10-year median is 14.22 vs. the industry median of 1.62, Vanet Gidanayi Ic ve Dis Ticaret 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.62, based on 217 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. Vanet Gidanayi Ic ve Dis Ticaret AS's current Cyclically Adjusted PB Ratio of 26.11 is 1511.7% 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 Vanet Gidanayi Ic ve Dis Ticaret AS and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vanet Gidanayi Ic ve Dis Ticaret AS's current Cyclically Adjusted PB Ratio is 26.11, which is 84% above median its own 10-year median of 14.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanet Gidanayi Ic ve Dis Ticaret AS stock overvalued right now?
Vanet Gidanayi Ic ve Dis Ticaret AS (IST:VANGD) has a current Cyclically Adjusted PB Ratio of 26.11. The current Cyclically Adjusted PB Ratio is 26.11, which is 84% above median its 10-year median of 14.22 and 1511.7% above the Retail - Defensive industry median of 1.62. Vanet Gidanayi Ic ve Dis Ticaret AS's overall GF Score™ is 37/100 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 Vanet Gidanayi Ic ve Dis Ticaret AS (IST:VANGD), the current Cyclically Adjusted PB Ratio is 26.11 as of Sep. 02, 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.

Vanet Gidanayi Ic ve Dis Ticaret AS Business Description

Address Resadiye Caddesi, Cumhuriyet Koyu No. 18, Beykoz, Istanbul, TUR
Vanet Gida Sanayi Ic ve Dis Ticaret AS a supplier of various meat and deli products. Its products include meat carcass, turkey products, sausage, pastrami, ham, tripe, and a range of other meat products.
37GF Score

Get the complete analysis for IST:VANGD

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

₺89.55
Price