Verusaturk Girisim Sermayesi Yatirim Ortakligi AS (IST:VERTU) Cyclically Adjusted PB Ratio: 1.03 (As of Jul. 19, 2026) — 23% Below 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:VERTU Verusaturk Girisim Sermayesi Yatirim Ortakligi AS IST:VERTU
18 GF Score
Price ₺37.70
View Full Analysis

What is Verusaturk Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio?

Verusaturk Girisim Sermayesi Yatirim Ortakligi AS IST:VERTU -2.53% 18 Cyclically Adjusted PB Ratio is 1.03 as of Jul. 19, 2026, which is 23% below its 10-year median of 1.33. GuruFocus rates IST:VERTU with a GF Score™ of 18/100. Among 999 Asset Management companies, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS ranks worse than 60.86% on this metric.

As of today (2026-07-19), Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's current share price is ₺37.70. Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺36.43. Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is 1.03.

The historical rank and industry rank for Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:VERTU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 1.33   Max: 2.5
Current: 1.03

During the past years, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's highest Cyclically Adjusted PB Ratio was 2.50. The lowest was 1.03. And the median was 1.33.

IST:VERTU's Cyclically Adjusted PB Ratio is ranked worse than
60.86% of 999 companies
in the Asset Management industry
Industry Median: 0.85 vs IST:VERTU: 1.03

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.

Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺90.938. 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 ₺36.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Verusaturk Girisim Sermayesi Yatirim Ortakligi AS  (IST:VERTU) 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.


Verusaturk Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Related Terms


Verusaturk Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Verusaturk Girisim Sermayesi Yatirim Ortakligi 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.

Verusaturk Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio Chart

Verusaturk Girisim Sermayesi Yatirim Ortakligi 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 0.00 0.00 0.00 1.39 1.26

Verusaturk Girisim Sermayesi Yatirim Ortakligi 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 1.14 1.10 1.29 1.26 1.03

IST:VERTU vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Verusaturk Girisim Sermayesi Yatirim Ortakligi 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.


Verusaturk Girisim Sermayesi Yatirim Ortakligi AS Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio falls into.


IST:VERTU
18GF Score
Verusaturk Girisim Sermayesi Yatirim Ortakligi AS IST:VERTU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Verusaturk Girisim Sermayesi Yatirim Ortakligi 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.

Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.70/36.43
=1.03

* 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.

Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Verusaturk Girisim Sermayesi Yatirim Ortakligi 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)
=90.938/330.2130*330.2130
=90.938

Current CPI (Mar. 2026) = 330.2130.

Verusaturk Girisim Sermayesi Yatirim Ortakligi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.513 241.018 3.443
201609 2.429 241.428 3.322
201612 2.525 241.432 3.454
201703 2.549 243.801 3.452
201706 2.556 244.955 3.446
201709 2.439 246.819 3.263
201712 2.831 246.524 3.792
201803 2.834 249.554 3.750
201806 2.853 251.989 3.739
201809 3.105 252.439 4.062
201812 3.129 251.233 4.113
201903 3.147 254.202 4.088
201906 3.140 256.143 4.048
201909 3.210 256.759 4.128
201912 3.493 256.974 4.489
202003 3.445 258.115 4.407
202006 3.776 257.797 4.837
202009 4.827 260.280 6.124
202012 7.137 260.474 9.048
202103 13.388 264.877 16.690
202106 15.208 271.696 18.483
202109 19.094 274.310 22.985
202112 29.114 278.802 34.483
202203 32.177 287.504 36.957
202206 41.646 296.311 46.411
202209 37.369 296.808 41.575
202212 117.880 296.797 131.152
202303 67.826 301.836 74.203
202306 46.599 305.109 50.433
202309 57.850 307.789 62.065
202312 75.404 306.746 81.173
202403 69.388 312.332 73.360
202406 71.828 314.175 75.495
202409 70.265 315.301 73.588
202412 94.007 315.605 98.358
202503 70.243 319.799 72.530
202506 83.268 322.561 85.243
202509 96.999 324.800 98.616
202512 89.627 324.054 91.330
202603 90.938 330.213 90.938

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 1.03 mean?
Verusaturk Girisim Sermayesi Yatirim Ortakligi AS (IST:VERTU) has a Cyclically Adjusted PB Ratio of 1.03 as of Jul. 19, 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 Verusaturk Girisim Sermayesi Yatirim Ortakligi AS and its competitors. This is 23% below median its historical median of 1.33. Over the past decade, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio has ranged from 1.03 to 2.50. According to the industry distribution chart, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS ranks #608 out of 999 companies in the Asset Management industry, placing it in the top 60.9%.
Is Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio too high?
Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.03 is 23% below median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 2.50. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's value of 1.03 is 21.2% above this industry median. Based on the distribution chart, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS ranks #608 out of 999 companies in the Asset Management industry, which is below the industry midpoint. Overall, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS ranks #608 out of 999 companies for Cyclically Adjusted PB Ratio. This places Verusaturk Girisim Sermayesi Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's value of 1.03 is 21.2% above this benchmark. Historically, Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's own Cyclically Adjusted PB Ratio has ranged from 1.03 to 2.50 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 0.85, Verusaturk Girisim Sermayesi Yatirim Ortakligi 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 999 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. Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio of 1.03 is 21.2% 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 Verusaturk Girisim Sermayesi Yatirim Ortakligi AS and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's current Cyclically Adjusted PB Ratio is 1.03, which is 23% below median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verusaturk Girisim Sermayesi Yatirim Ortakligi AS stock overvalued right now?
Verusaturk Girisim Sermayesi Yatirim Ortakligi AS (IST:VERTU) has a current Cyclically Adjusted PB Ratio of 1.03. The current Cyclically Adjusted PB Ratio is 1.03, which is 23% below median its 10-year median of 1.33 and 21.2% above the Asset Management industry median of 0.85. Verusaturk Girisim Sermayesi Yatirim Ortakligi AS's overall GF Score™ is 18/100. 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 Verusaturk Girisim Sermayesi Yatirim Ortakligi AS (IST:VERTU), the current Cyclically Adjusted PB Ratio is 1.03 as of Jul. 19, 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.

Verusaturk Girisim Sermayesi Yatirim Ortakligi AS Business Description

Address Eski Buyukdere Caddesi, Ayazaga Yolu ?zmir Plaza No: 9, Kat: 14 D, Maslak, Istanbul, TUR, 49-50 34398
Verusaturk Girisim Sermayesi Yatirim Ortakligi AS is a venture capital company.
18GF Score

Get the complete analysis for IST:VERTU

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

₺37.70
Price