Turkiye Garanti Bankasi AS (FRA:GBKB) Cyclically Adjusted PS Ratio: 1.29 (As of Sep. 17, 2026) — 54% Below Median

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FRA:GBKB Turkiye Garanti Bankasi AS FRA:GBKB
74 GF Score
Price €2.16
GF Value €3.40
Valuation Possible Value Trap
! 3 Warning Signs
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What is Turkiye Garanti Bankasi AS Cyclically Adjusted PS Ratio?

Turkiye Garanti Bankasi AS FRA:GBKB 74 Cyclically Adjusted PS Ratio is 1.29 as of Sep. 17, 2026, which is 54% below its 10-year median of 2.81. GuruFocus rates FRA:GBKB with a GF Score™ of 74/100 and a GF Value™ of €3.40 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,301 Banks companies, Turkiye Garanti Bankasi AS ranks worse than 51.65% on this metric.

As of today (2026-09-17), Turkiye Garanti Bankasi AS's current share price is €2.16. Turkiye Garanti Bankasi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €1.67. Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio for today is 1.29.

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

FRA:GBKB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.31   Med: 2.81   Max: 7.45
Current: 3.52

During the past years, Turkiye Garanti Bankasi AS's highest Cyclically Adjusted PS Ratio was 7.45. The lowest was 1.31. And the median was 2.81.

FRA:GBKB's Cyclically Adjusted PS Ratio is ranked worse than
51.65% of 1301 companies
in the Banks industry
Industry Median: 3.45 vs FRA:GBKB: 3.52

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Turkiye Garanti Bankasi AS's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.600. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €1.67 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turkiye Garanti Bankasi AS  (FRA:GBKB) 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.


Turkiye Garanti Bankasi AS Cyclically Adjusted PS Ratio Related Terms


Turkiye Garanti Bankasi AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Turkiye Garanti Bankasi 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.

Turkiye Garanti Bankasi AS Cyclically Adjusted PS Ratio Chart

Turkiye Garanti Bankasi 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 0.62 1.04 1.17 2.40 1.67

Turkiye Garanti Bankasi AS Quarterly Data
Dec20 Jun21 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 1.88 1.82 1.67 1.51 1.61

Turkiye Garanti Bankasi AS Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Turkiye Garanti Bankasi 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.


Turkiye Garanti Bankasi AS Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:GBKB
74GF Score
Turkiye Garanti Bankasi AS FRA:GBKB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Turkiye Garanti Bankasi 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.

Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2.16/1.67
=1.29

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

For example, Turkiye Garanti Bankasi 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)
=0.6/333.9520*333.9520
=0.600

Current CPI (Jun. 2026) = 333.9520.

Turkiye Garanti Bankasi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201512 0.276 236.525 0.390
201603 0.273 238.132 0.383
201606 0.291 241.018 0.403
201609 0.311 241.428 0.430
201612 0.305 241.432 0.422
201703 0.277 243.801 0.379
201706 0.277 244.955 0.378
201709 0.285 246.819 0.386
201712 0.307 246.524 0.416
201803 0.287 249.554 0.384
201806 0.258 251.989 0.342
201809 0.260 252.439 0.344
201812 0.302 251.233 0.401
201903 0.259 254.202 0.340
201906 0.236 256.143 0.308
201909 0.270 256.759 0.351
201912 0.291 256.974 0.378
202003 0.292 258.115 0.378
202006 0.238 257.797 0.308
202009 0.236 260.280 0.303
202012 0.221 260.474 0.283
202106 0.431 271.696 0.530
202203 0.334 287.504 0.388
202206 0.390 296.311 0.440
202209 0.493 296.808 0.555
202212 0.532 296.797 0.599
202303 0.398 301.836 0.440
202306 0.469 305.109 0.513
202309 0.406 307.789 0.441
202312 0.453 306.746 0.493
202403 0.434 312.332 0.464
202406 0.448 314.175 0.476
202409 0.499 315.301 0.529
202412 0.544 315.605 0.576
202503 0.562 319.799 0.587
202506 0.518 322.561 0.536
202509 0.567 324.800 0.583
202512 0.608 324.054 0.627
202603 0.615 330.213 0.622
202606 0.600 333.952 0.600

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.

What does a Cyclically Adjusted PS Ratio of 1.29 mean?
Turkiye Garanti Bankasi AS (FRA:GBKB) has a Cyclically Adjusted PS Ratio of 1.29 as of Sep. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Turkiye Garanti Bankasi AS and its competitors. This is 54% below median its historical median of 2.81. Over the past decade, Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio has ranged from 1.31 to 7.45. According to the industry distribution chart, Turkiye Garanti Bankasi AS ranks #672 out of 1301 companies in the Banks industry, placing it in the top 51.7%.
Is Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio too high?
Turkiye Garanti Bankasi AS's current Cyclically Adjusted PS Ratio of 1.29 is 54% below median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 7.45. The Banks industry median Cyclically Adjusted PS Ratio is 3.45. Turkiye Garanti Bankasi AS's value of 1.29 is 62.6% below this industry median. Based on the distribution chart, Turkiye Garanti Bankasi AS ranks #672 out of 1301 companies in the Banks industry, which is below the industry midpoint. Overall, Turkiye Garanti Bankasi AS has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Turkiye Garanti Bankasi AS's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Turkiye Garanti Bankasi AS ranks #672 out of 1301 companies for Cyclically Adjusted PS Ratio. This places Turkiye Garanti Bankasi AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.45. Turkiye Garanti Bankasi AS's value of 1.29 is 62.6% below this benchmark. Historically, Turkiye Garanti Bankasi AS's own Cyclically Adjusted PS Ratio has ranged from 1.31 to 7.45 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 3.45, Turkiye Garanti Bankasi AS has consistently been below 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 PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.45, based on 1,301 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Turkiye Garanti Bankasi AS's current Cyclically Adjusted PS Ratio of 1.29 is 62.6% below 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Turkiye Garanti Bankasi AS and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkiye Garanti Bankasi AS's current Cyclically Adjusted PS Ratio is 1.29, which is 54% below median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Garanti Bankasi AS stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Garanti Bankasi AS (FRA:GBKB) is currently considered Possible Value Trap. The stock's GF Value™ is €3.40, compared to a current price of €2.16 — trading 36.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.29, which is 54% below median its 10-year median of 2.81 and 62.6% below the Banks industry median of 3.45. Turkiye Garanti Bankasi AS's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Turkiye Garanti Bankasi AS (FRA:GBKB), the current Cyclically Adjusted PS Ratio is 1.29 as of Sep. 17, 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 Garanti Bankasi AS (FRA:GBKB) Overvalued in 2026?

Based on GuruFocus' analysis, Turkiye Garanti Bankasi AS stock appears to be undervalued. The current stock price of €2.16 is trading 36.5% below its estimated GF Value™ of €3.40. GuruFocus considers Turkiye Garanti Bankasi AS to be Possible Value Trap.

Key valuation signals for FRA:GBKB:

  • Cyclically Adjusted PS Ratio: 1.29 (54% below median its 10-year median of 2.81)
  • GF Value™: €3.40 vs. price of €2.16 (36.5% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 62.6% below the Banks median (#672 of 1301)

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


Turkiye Garanti Bankasi AS Business Description

Address Levent Nispetiye Mah. Aytar Cad. No: 2, Besiktas, Istanbul, TUR, 34340
Turkiye Garanti Bankasi AS is an integrated financial services group operating predominantly in Turkey but with subsidiaries in the Netherlands, Russia, and Romania. It is a full-service bank offering corporate, commercial, retail, private, small to midsize enterprise, and investment banking services. Other financial services include insurance, leasing, brokerage, and asset management services. The bank's plan emphasizes customer service. The vast majority of its earning assets consist of loans, with a dominant positioning in consumer loans, mortgages, and auto loans. The company's business segments include: Retail Banking, Corporate Banking, Investment Banking and Others.
74GF Score

Get the complete analysis for FRA:GBKB

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

€2.16
Price
€3.40
GF Value