TRKYY (Turkiye Sinai Kalkinma Bankasi AS) Cyclically Adjusted PB Ratio: 2.12 (As of Aug. 06, 2026) — 30% Above Median

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TRKYY Turkiye Sinai Kalkinma Bankasi AS TRKYY
62 GF Score
Price $1.80
GF Value $2.49
! 2 Warning Signs
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What is Turkiye Sinai Kalkinma Bankasi AS Cyclically Adjusted PB Ratio?

Turkiye Sinai Kalkinma Bankasi AS TRKYY 62 Cyclically Adjusted PB Ratio is 2.12 as of Aug. 06, 2026, which is 30% above its 10-year median of 1.63. GuruFocus rates TRKYY with a GF Score™ of 62/100 and a GF Value™ of $2.49. The stock has 2 warning signs investors should review. Among 1,286 Banks companies, Turkiye Sinai Kalkinma Bankasi AS ranks worse than 83.05% on this metric.

As of today (2026-08-06), Turkiye Sinai Kalkinma Bankasi AS's current share price is $1.80. Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $0.85. Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio for today is 2.12.

The historical rank and industry rank for Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio or its related term are showing as below:

TRKYY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.63   Max: 4.73
Current: 2.18

During the past years, Turkiye Sinai Kalkinma Bankasi AS's highest Cyclically Adjusted PB Ratio was 4.73. The lowest was 0.73. And the median was 1.63.

TRKYY's Cyclically Adjusted PB Ratio is ranked worse than
83.05% of 1286 companies
in the Banks industry
Industry Median: 1.28 vs TRKYY: 2.18

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.

Turkiye Sinai Kalkinma Bankasi AS's adjusted book value per share data for the three months ended in Mar. 2026 was $3.756. 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 $0.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turkiye Sinai Kalkinma Bankasi AS  (OTCPK:TRKYY) 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.


Turkiye Sinai Kalkinma Bankasi AS Cyclically Adjusted PB Ratio Related Terms


Turkiye Sinai Kalkinma Bankasi AS Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Turkiye Sinai Kalkinma Bankasi 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.

Turkiye Sinai Kalkinma Bankasi AS Cyclically Adjusted PB Ratio Chart

Turkiye Sinai Kalkinma Bankasi 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 1.01 2.46 2.75 3.65 2.58

Turkiye Sinai Kalkinma Bankasi 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 2.99 3.09 3.03 2.58 2.12

TRKYY vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Turkiye Sinai Kalkinma Bankasi 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.


Turkiye Sinai Kalkinma Bankasi AS Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio falls into.


TRKYY
62GF Score
Turkiye Sinai Kalkinma Bankasi AS TRKYY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Turkiye Sinai Kalkinma Bankasi 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.

Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.80/0.85
=2.12

* 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.

Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Turkiye Sinai Kalkinma Bankasi 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)
=3.756/330.2130*330.2130
=3.756

Current CPI (Mar. 2026) = 330.2130.

Turkiye Sinai Kalkinma Bankasi AS Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.611 241.018 4.947
201609 4.263 241.428 5.831
201612 3.684 241.432 5.039
201703 3.594 243.801 4.868
201706 3.373 244.955 4.547
201709 4.220 246.819 5.646
201712 3.400 246.524 4.554
201803 3.377 249.554 4.468
201806 2.864 251.989 3.753
201809 2.101 252.439 2.748
201812 2.790 251.233 3.667
201903 2.796 254.202 3.632
201906 2.809 256.143 3.621
201909 3.042 256.759 3.912
201912 3.137 256.974 4.031
202003 2.888 258.115 3.695
202006 2.880 257.797 3.689
202009 2.682 260.280 3.403
202012 2.814 260.474 3.567
202103 2.801 264.877 3.492
202106 2.659 271.696 3.232
202109 2.791 274.310 3.360
202112 1.826 278.802 2.163
202203 1.850 287.504 2.125
202206 1.703 296.311 1.898
202209 1.876 296.808 2.087
202212 2.445 296.797 2.720
202303 2.639 301.836 2.887
202306 2.482 305.109 2.686
202309 2.501 307.789 2.683
202312 2.631 306.746 2.832
202403 2.597 312.332 2.746
202406 2.917 314.175 3.066
202409 3.072 315.301 3.217
202412 3.327 315.605 3.481
202503 3.392 319.799 3.502
202506 3.585 322.561 3.670
202509 3.702 324.800 3.764
202512 3.826 324.054 3.899
202603 3.756 330.213 3.756

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 2.12 mean?
Turkiye Sinai Kalkinma Bankasi AS (TRKYY) has a Cyclically Adjusted PB Ratio of 2.12 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 Turkiye Sinai Kalkinma Bankasi AS and its competitors. This is 30% above median its historical median of 1.63. Over the past decade, Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio has ranged from 0.73 to 4.73. According to the industry distribution chart, Turkiye Sinai Kalkinma Bankasi AS ranks #1068 out of 1286 companies in the Banks industry, placing it in the top 83%.
Is Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio too high?
Turkiye Sinai Kalkinma Bankasi AS's current Cyclically Adjusted PB Ratio of 2.12 is 30% above median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 4.73. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Turkiye Sinai Kalkinma Bankasi AS's value of 2.12 is 65.6% above this industry median. Based on the distribution chart, Turkiye Sinai Kalkinma Bankasi AS ranks #1068 out of 1286 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Turkiye Sinai Kalkinma Bankasi AS has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Turkiye Sinai Kalkinma Bankasi AS's Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Turkiye Sinai Kalkinma Bankasi AS ranks #1068 out of 1286 companies for Cyclically Adjusted PB Ratio. This places Turkiye Sinai Kalkinma Bankasi AS in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Turkiye Sinai Kalkinma Bankasi AS's value of 2.12 is 65.6% above this benchmark. Historically, Turkiye Sinai Kalkinma Bankasi AS's own Cyclically Adjusted PB Ratio has ranged from 0.73 to 4.73 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 1.28, Turkiye Sinai Kalkinma Bankasi 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,286 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. Turkiye Sinai Kalkinma Bankasi AS's current Cyclically Adjusted PB Ratio of 2.12 is 65.6% 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 Turkiye Sinai Kalkinma Bankasi AS and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkiye Sinai Kalkinma Bankasi AS's current Cyclically Adjusted PB Ratio is 2.12, which is 30% above median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Sinai Kalkinma Bankasi AS stock overvalued right now?
Turkiye Sinai Kalkinma Bankasi AS (TRKYY) has a current Cyclically Adjusted PB Ratio of 2.12. The stock's GF Value™ is $2.49, compared to a current price of $1.80 — trading 27.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.12, which is 30% above median its 10-year median of 1.63 and 65.6% above the Banks industry median of 1.28. Turkiye Sinai Kalkinma Bankasi AS's overall GF Score™ is 62/100 with 2 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 Turkiye Sinai Kalkinma Bankasi AS (TRKYY), the current Cyclically Adjusted PB Ratio is 2.12 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 Turkiye Sinai Kalkinma Bankasi AS (TRKYY) Overvalued in 2026?

Based on GuruFocus' analysis, Turkiye Sinai Kalkinma Bankasi AS stock appears to be undervalued. The current stock price of $1.80 is trading 27.7% below its estimated GF Value™ of $2.49.

Key valuation signals for TRKYY:

  • Cyclically Adjusted PB Ratio: 2.12 (30% above median its 10-year median of 1.63)
  • GF Value™: $2.49 vs. price of $1.80 (27.7% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 65.6% above the Banks median (#1068 of 1286)

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


Turkiye Sinai Kalkinma Bankasi AS Business Description

Other Exchanges TSKB:Turkey
Address Meclisi Mebusan Cad. No. 81 Findikli, Beyoglu, Istanbul, TUR, 34427
Turkiye Sinai Kalkinma Bankasi AS is an investment and development bank principally operating in Turkey. The company provides a broad array of corporate banking, investment banking, and consultancy services.
62GF 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.

$1.80
Price
$2.49
GF Value