ACKAY (Arcelik AS) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ACKAY Arcelik AS ACKAY
72 GF Score
Price $9.07
GF Value $19.67
Valuation Possible Value Trap
! 7 Warning Signs
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What is Arcelik AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Arcelik AS  (OTCPK:ACKAY) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Arcelik AS Cyclically Adjusted PS Ratio Related Terms


Arcelik AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Arcelik AS's Cyclically Adjusted PS 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.

Arcelik AS Cyclically Adjusted PS Ratio Chart

Arcelik AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.52 0.38 0.32 0.18

Arcelik AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 0.22 0.21 0.18 0.17 0.16

ACKAY vs SN, SGI, MHK: Cyclically Adjusted PS Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Arcelik AS's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Arcelik AS Cyclically Adjusted PS Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Arcelik AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Arcelik AS's Cyclically Adjusted PS Ratio falls into.


ACKAY
72GF Score
Arcelik AS ACKAY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Arcelik AS Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Arcelik AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Arcelik AS's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=23.599/333.9520*333.9520
=23.599

Current CPI (Jun. 2026) = 333.9520.

Arcelik AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.183 241.428 14.085
201612 10.017 241.432 13.856
201703 9.274 243.801 12.703
201706 10.448 244.955 14.244
201709 11.431 246.819 15.466
201712 11.092 246.524 15.026
201803 10.227 249.554 13.686
201806 11.003 251.989 14.582
201809 10.092 252.439 13.351
201812 9.916 251.233 13.181
201903 9.466 254.202 12.436
201906 10.597 256.143 13.816
201909 10.710 256.759 13.930
201912 10.646 256.974 13.835
202003 9.375 258.115 12.129
202006 8.406 257.797 10.889
202009 12.182 260.280 15.630
202012 12.492 260.474 16.016
202103 12.933 264.877 16.306
202106 12.812 271.696 15.748
202109 15.922 274.310 19.384
202112 14.781 278.802 17.705
202203 15.241 287.504 17.703
202206 16.740 296.311 18.867
202209 15.728 296.808 17.696
202212 15.579 296.797 17.529
202303 16.569 301.836 18.332
202306 32.461 305.109 35.530
202309 17.906 307.789 19.428
202312 32.379 306.746 35.251
202403 19.240 312.332 20.572
202406 34.911 314.175 37.109
202409 34.518 315.301 36.560
202412 30.327 315.605 32.090
202503 24.778 319.799 25.875
202506 25.779 322.561 26.689
202509 25.123 324.800 25.831
202512 28.136 324.054 28.995
202603 22.706 330.213 22.963
202606 23.599 333.952 23.599

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Arcelik AS (ACKAY) Overvalued in 2026?

Based on GuruFocus' analysis, Arcelik AS stock appears to be undervalued. The current stock price of $9.07 is trading 53.9% below its estimated GF Value™ of $19.67. GuruFocus considers Arcelik AS to be Possible Value Trap.

Key valuation signals for ACKAY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $19.67 vs. price of $9.07 (53.9% below fair value)
  • GF Score™: 72/100 with 7 warning signs

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


Arcelik AS Business Description

Other Exchanges ARCLK:TurkeyRCAA:Germany
Address Karaagac Caddesi No 2-6, Sutluce, Beyoglu, Istanbul, TUR, 34445
Arcelik AS is a Turkey-based company that is principally engaged in manufacturing household appliances. Its products consist of consumer durable goods, consumer electronics, kitchen accessories, and small home appliances. It provides after-sale services as well. It supplies products and services under the brands of Altus, Arctic, Arcelik, Beko, Blomberg, Dawlance, Defy, Elektrabregenz, Flavel, Grundig, Leisure, and VoltasBeko among others. The company's reportable segments are White goods and Consumer Electronics. The majority of its revenue is derived from the White goods segment which comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers, and the services provided for these products. Geographically, key revenue for the company is generated from Europe.
72GF Score

Get the complete analysis for ACKAY

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

$9.07
Price
$19.67
GF Value