Turk Altin Isletmeleri AS (FRA:2KAA) Cyclically Adjusted PS Ratio: (As of Aug. 10, 2026)

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Director of Data and Quant Analytics at GuruFocus
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FRA:2KAA Turk Altin Isletmeleri AS FRA:2KAA
72 GF Score
Price €8.32
GF Value €6.98
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turk Altin Isletmeleri AS  (FRA:2KAA) 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.


Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio Related Terms


Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Turk Altin Isletmeleri 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.

Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio Chart

Turk Altin Isletmeleri 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 9.20 28.48 15.22 14.00 18.89

Turk Altin Isletmeleri 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 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 16.10 12.69 12.17 18.89 16.89

FRA:2KAA vs NEM, AU, RGLD: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Turk Altin Isletmeleri 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.


Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


FRA:2KAA
72GF Score
Turk Altin Isletmeleri AS FRA:2KAA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turk Altin Isletmeleri 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.

Turk Altin Isletmeleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Turk Altin Isletmeleri AS's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.544/330.2130*330.2130
=0.544

Current CPI (Mar. 2026) = 330.2130.

Turk Altin Isletmeleri AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.224 241.018 0.307
201609 0.254 241.428 0.347
201612 0.228 241.432 0.312
201703 0.195 243.801 0.264
201706 0.197 244.955 0.266
201709 0.179 246.819 0.239
201712 0.162 246.524 0.217
201803 0.133 249.554 0.176
201806 0.254 251.989 0.333
201809 0.194 252.439 0.254
201812 0.261 251.233 0.343
201903 0.237 254.202 0.308
201906 0.289 256.143 0.373
201909 0.408 256.759 0.525
201912 0.457 256.974 0.587
202003 0.310 258.115 0.397
202006 0.293 257.797 0.375
202009 0.314 260.280 0.398
202012 0.313 260.474 0.397
202103 0.290 264.877 0.362
202106 0.338 271.696 0.411
202109 0.277 274.310 0.333
202112 0.233 278.802 0.276
202203 0.273 287.504 0.314
202206 0.221 296.311 0.246
202209 0.339 296.808 0.377
202212 1.036 296.797 1.153
202303 0.435 301.836 0.476
202306 0.308 305.109 0.333
202309 0.351 307.789 0.377
202312 0.233 306.746 0.251
202403 0.363 312.332 0.384
202406 0.251 314.175 0.264
202409 0.205 315.301 0.215
202412 0.112 315.605 0.117
202503 0.430 319.799 0.444
202506 0.189 322.561 0.193
202509 0.360 324.800 0.366
202512 0.224 324.054 0.228
202603 0.544 330.213 0.544

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 Turk Altin Isletmeleri AS (FRA:2KAA) Overvalued in 2026?

Based on GuruFocus' analysis, Turk Altin Isletmeleri AS stock appears to be overvalued. The current stock price of €8.32 is trading 19.2% above its estimated GF Value™ of €6.98. GuruFocus considers Turk Altin Isletmeleri AS to be Modestly Overvalued.

Key valuation signals for FRA:2KAA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €6.98 vs. price of €8.32 (19.2% above fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the FRA:2KAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Turk Altin Isletmeleri AS Business Description

Other Exchanges KOZAY:USATRALT:Turkey
Address Istanbul Yolu, 10 km, No. 310, Fatih Sultan Mehmet Boulevard, Ugur Mumcu Mahallesi, Ankara, TUR, 06370
Turk Altin Isletmeleri AS , formerly Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. Its operating mines include an underground mine at Ovacik, a mine in Cukuralan that utilizes both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.
72GF Score

Get the complete analysis for FRA:2KAA

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

€8.32
Price
€6.98
GF Value