Akmerkez Gayrimenkul Yatirim Ort AS (IST:AKMGY) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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IST:AKMGY Akmerkez Gayrimenkul Yatirim Ort AS IST:AKMGY
61 GF Score
Price ₺229.00
GF Value ₺255.92
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Akmerkez Gayrimenkul Yatirim Ort AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Akmerkez Gayrimenkul Yatirim Ort AS  (IST:AKMGY) 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.


Akmerkez Gayrimenkul Yatirim Ort AS Cyclically Adjusted PS Ratio Related Terms


Akmerkez Gayrimenkul Yatirim Ort AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Akmerkez Gayrimenkul Yatirim Ort 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.

Akmerkez Gayrimenkul Yatirim Ort AS Cyclically Adjusted PS Ratio Chart

Akmerkez Gayrimenkul Yatirim Ort 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 13.74 22.20 26.63 33.29 20.83

Akmerkez Gayrimenkul Yatirim Ort 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 24.37 28.07 21.29 28.00 22.01

IST:AKMGY vs SPG, O, KIM: Cyclically Adjusted PS Ratio Comparison

For the REIT - Retail subindustry, Akmerkez Gayrimenkul Yatirim Ort 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.


Akmerkez Gayrimenkul Yatirim Ort AS Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Akmerkez Gayrimenkul Yatirim Ort AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Akmerkez Gayrimenkul Yatirim Ort AS's Cyclically Adjusted PS Ratio falls into.


IST:AKMGY
61GF Score
Akmerkez Gayrimenkul Yatirim Ort AS IST:AKMGY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Akmerkez Gayrimenkul Yatirim Ort 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.

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

For example, Akmerkez Gayrimenkul Yatirim Ort 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)
=8.311/333.9520*333.9520
=8.311

Current CPI (Jun. 2026) = 333.9520.

Akmerkez Gayrimenkul Yatirim Ort AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.748 241.428 1.035
201612 0.751 241.432 1.039
201703 0.772 243.801 1.057
201706 0.769 244.955 1.048
201709 0.764 246.819 1.034
201712 0.824 246.524 1.116
201803 0.805 249.554 1.077
201806 0.800 251.989 1.060
201809 0.768 252.439 1.016
201812 0.849 251.233 1.129
201903 0.759 254.202 0.997
201906 0.757 256.143 0.987
201909 0.784 256.759 1.020
201912 0.880 256.974 1.144
202003 0.759 258.115 0.982
202006 0.236 257.797 0.306
202009 0.657 260.280 0.843
202012 0.710 260.474 0.910
202103 0.631 264.877 0.796
202106 0.617 271.696 0.758
202109 0.898 274.310 1.093
202112 1.099 278.802 1.316
202203 1.156 287.504 1.343
202206 1.370 296.311 1.544
202209 1.429 296.808 1.608
202212 2.035 296.797 2.290
202303 2.080 301.836 2.301
202306 2.420 305.109 2.649
202309 2.591 307.789 2.811
202312 6.305 306.746 6.864
202403 4.075 312.332 4.357
202406 4.425 314.175 4.704
202409 4.509 315.301 4.776
202412 6.879 315.605 7.279
202503 5.812 319.799 6.069
202506 6.294 322.561 6.516
202509 6.875 324.800 7.069
202512 9.350 324.054 9.636
202603 8.090 330.213 8.182
202606 8.311 333.952 8.311

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 Akmerkez Gayrimenkul Yatirim Ort AS (IST:AKMGY) Overvalued in 2026?

Based on GuruFocus' analysis, Akmerkez Gayrimenkul Yatirim Ort AS stock appears to be undervalued. The current stock price of ₺229.00 is trading 10.5% below its estimated GF Value™ of ₺255.92. GuruFocus considers Akmerkez Gayrimenkul Yatirim Ort AS to be Modestly Undervalued.

Key valuation signals for IST:AKMGY:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₺255.92 vs. price of ₺229.00 (10.5% below fair value)
  • GF Score™: 61/100 with 4 warning signs

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


Akmerkez Gayrimenkul Yatirim Ort AS Business Description

Industry Real EstateREITs
Address Nispetiye caddesi, Akmerkez E-3 Blok Kat 1, Etiler, Istanbul, TUR
Akmerkez Gayrimenkul Yatirim Ort AS is a real estate investment trust. Its business activity is to operate shopping mall that sells different products.
61GF Score

Get the complete analysis for IST:AKMGY

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

₺229.00
Price
₺255.92
GF Value