Viking Kagit Ve Seluloz AS (IST:VKING) Cyclically Adjusted PB Ratio: 28.24 (As of Jul. 10, 2026) — 10% Below Median


IST:VKING Viking Kagit Ve Seluloz AS IST:VKING
25 GF Score
Price ₺23.16
GF Value ₺19.53
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Viking Kagit Ve Seluloz AS Cyclically Adjusted PB Ratio?

Viking Kagit Ve Seluloz AS IST:VKING -1.03% 25 Cyclically Adjusted PB Ratio is 28.24 as of Jul. 10, 2026, which is 10% below its 10-year median of 31.38. GuruFocus rates IST:VKING with a GF Score™ of 25/100 and a GF Value™ of ₺19.53 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,442 Consumer Packaged Goods companies, Viking Kagit Ve Seluloz AS ranks worse than 99.03% on this metric.

As of today (2026-07-10), Viking Kagit Ve Seluloz AS's current share price is ₺23.16. Viking Kagit Ve Seluloz AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₺0.82. Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio for today is 28.24.

The historical rank and industry rank for Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

IST:VKING' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.45   Med: 31.38   Max: 266.33
Current: 30.18

During the past years, Viking Kagit Ve Seluloz AS's highest Cyclically Adjusted PB Ratio was 266.33. The lowest was 1.45. And the median was 31.38.

IST:VKING's Cyclically Adjusted PB Ratio is ranked worse than
99.03% of 1442 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs IST:VKING: 30.18

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.

Viking Kagit Ve Seluloz AS's adjusted book value per share data for the three months ended in Mar. 2026 was ₺-2.322. 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 ₺0.82 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Viking Kagit Ve Seluloz AS  (IST:VKING) 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.


Viking Kagit Ve Seluloz AS Cyclically Adjusted PB Ratio Related Terms


Viking Kagit Ve Seluloz AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Viking Kagit Ve Seluloz 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.

Viking Kagit Ve Seluloz AS Cyclically Adjusted PB Ratio Chart

Viking Kagit Ve Seluloz 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 25.97 110.98 53.45 45.78 38.06

Viking Kagit Ve Seluloz 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 36.52 35.91 34.28 38.06 31.21

IST:VKING vs PG, CL, KVUE: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Viking Kagit Ve Seluloz 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.


Viking Kagit Ve Seluloz AS Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio falls into.


IST:VKING
25GF Score
Viking Kagit Ve Seluloz AS IST:VKING
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Viking Kagit Ve Seluloz 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.

Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=23.16/0.82
=28.24

* 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.

Viking Kagit Ve Seluloz AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Viking Kagit Ve Seluloz 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)
=-2.322/330.2130*330.2130
=-2.322

Current CPI (Mar. 2026) = 330.2130.

Viking Kagit Ve Seluloz AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.286 241.018 0.392
201609 0.196 241.428 0.268
201612 0.007 241.432 0.010
201703 -0.088 243.801 -0.119
201706 -0.151 244.955 -0.204
201709 0.192 246.819 0.257
201712 0.850 246.524 1.139
201803 0.691 249.554 0.914
201806 0.500 251.989 0.655
201809 0.094 252.439 0.123
201812 0.659 251.233 0.866
201903 0.529 254.202 0.687
201906 0.294 256.143 0.379
201909 0.085 256.759 0.109
201912 0.115 256.974 0.148
202003 -0.025 258.115 -0.032
202006 -0.165 257.797 -0.211
202009 -0.481 260.280 -0.610
202012 -0.569 260.474 -0.721
202103 -0.975 264.877 -1.215
202106 -1.424 271.696 -1.731
202109 -1.836 274.310 -2.210
202112 0.543 278.802 0.643
202203 -0.159 287.504 -0.183
202206 -0.848 296.311 -0.945
202209 -1.607 296.808 -1.788
202212 7.612 296.797 8.469
202303 3.112 301.836 3.405
202306 -0.060 305.109 -0.065
202309 -2.218 307.789 -2.380
202312 8.645 306.746 9.306
202403 6.238 312.332 6.595
202406 4.281 314.175 4.500
202409 0.957 315.301 1.002
202412 1.146 315.605 1.199
202503 -2.043 319.799 -2.110
202506 6.203 322.561 6.350
202509 0.593 324.800 0.603
202512 1.432 324.054 1.459
202603 -2.322 330.213 -2.322

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 28.24 mean?
Viking Kagit Ve Seluloz AS (IST:VKING) has a Cyclically Adjusted PB Ratio of 28.24 as of Jul. 10, 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 Viking Kagit Ve Seluloz AS and its competitors. This is 10% below median its historical median of 31.38. Over the past decade, Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio has ranged from 1.45 to 266.33. According to the industry distribution chart, Viking Kagit Ve Seluloz AS ranks #1428 out of 1442 companies in the Consumer Packaged Goods industry, placing it in the top 99%.
Is Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio too high?
Viking Kagit Ve Seluloz AS's current Cyclically Adjusted PB Ratio of 28.24 is 10% below median its 10-year median of 31.38. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 266.33. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Viking Kagit Ve Seluloz AS's value of 28.24 is 2123.6% above this industry median. Based on the distribution chart, Viking Kagit Ve Seluloz AS ranks #1428 out of 1442 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Viking Kagit Ve Seluloz AS has a GF Score™ of 25/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viking Kagit Ve Seluloz AS's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Viking Kagit Ve Seluloz AS ranks #1428 out of 1442 companies for Cyclically Adjusted PB Ratio. This places Viking Kagit Ve Seluloz AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Viking Kagit Ve Seluloz AS's value of 28.24 is 2123.6% above this benchmark. Historically, Viking Kagit Ve Seluloz AS's own Cyclically Adjusted PB Ratio has ranged from 1.45 to 266.33 over the past decade. While the company's 10-year median is 31.38 vs. the industry median of 1.27, Viking Kagit Ve Seluloz 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,442 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. Viking Kagit Ve Seluloz AS's current Cyclically Adjusted PB Ratio of 28.24 is 2123.6% 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 Viking Kagit Ve Seluloz AS and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viking Kagit Ve Seluloz AS's current Cyclically Adjusted PB Ratio is 28.24, which is 10% below median its own 10-year median of 31.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viking Kagit Ve Seluloz AS stock overvalued right now?
Based on GuruFocus' analysis, Viking Kagit Ve Seluloz AS (IST:VKING) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺19.53, compared to a current price of ₺23.16 — trading 18.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 28.24, which is 10% below median its 10-year median of 31.38 and 2123.6% above the Consumer Packaged Goods industry median of 1.27. Viking Kagit Ve Seluloz AS's overall GF Score™ is 25/100 with 9 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 Viking Kagit Ve Seluloz AS (IST:VKING), the current Cyclically Adjusted PB Ratio is 28.24 as of Jul. 10, 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 Viking Kagit Ve Seluloz AS (IST:VKING) Overvalued in 2026?

Based on GuruFocus' analysis, Viking Kagit Ve Seluloz AS stock appears to be overvalued. The current stock price of ₺23.16 is trading 18.6% above its estimated GF Value™ of ₺19.53. GuruFocus considers Viking Kagit Ve Seluloz AS to be Modestly Overvalued.

Key valuation signals for IST:VKING:

  • Cyclically Adjusted PB Ratio: 28.24 (10% below median its 10-year median of 31.38)
  • GF Value™: ₺19.53 vs. price of ₺23.16 (18.6% above fair value)
  • GF Score™: 25/100 with 9 warning signs
  • Industry Position: 2123.6% above the Consumer Packaged Goods median (#1428 of 1442)

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


Viking Kagit Ve Seluloz AS Business Description

Address Yali Mah. Hurriyet Cad. No: 474, Aliaga, Izmir, TUR
Viking Kagit Ve Seluloz AS manufactures and sells semi-finished and finished paper products. It offers paper towels, napkins, facial tissues, tissue paper, printing, laminating and wrapping paper under the brand Premia, Lily, Senso, and Select.
25GF Score

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

₺23.16
Price
₺19.53
GF Value