Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Cyclically Adjusted PS Ratio: 3.23 (As of Aug. 19, 2026) — 107% Above Median

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IST:BRSAN Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
68 GF Score
Price ₺633.50
GF Value ₺699.77
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PS Ratio?

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS IST:BRSAN -3.43% 68 Cyclically Adjusted PS Ratio is 3.23 as of Aug. 19, 2026, which is 107% above its 10-year median of 1.56. GuruFocus rates IST:BRSAN with a GF Score™ of 68/100 and a GF Value™ of ₺699.77 (Fairly Valued). The stock has 4 warning signs investors should review. Among 516 Steel companies, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks worse than 93.41% on this metric.

As of today (2026-08-19), Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current share price is ₺633.50. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₺196.05. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio for today is 3.23.

The historical rank and industry rank for Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:BRSAN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.56   Max: 16.83
Current: 3.23

During the past years, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's highest Cyclically Adjusted PS Ratio was 16.83. The lowest was 0.41. And the median was 1.56.

IST:BRSAN's Cyclically Adjusted PS Ratio is ranked worse than
93.41% of 516 companies
in the Steel industry
Industry Median: 0.45 vs IST:BRSAN: 3.23

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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's adjusted revenue per share data for the three months ended in Jun. 2026 was ₺177.820. 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 ₺196.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS  (IST:BRSAN) 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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PS Ratio Related Terms


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PS Ratio Chart

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 1.13 2.10 8.43 3.93 3.44

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 2.45 2.88 3.44 2.92 2.88

IST:BRSAN vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio falls into.


IST:BRSAN
68GF Score
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=633.50/196.05
=3.23

* 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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)
=177.82/333.9520*333.9520
=177.820

Current CPI (Jun. 2026) = 333.9520.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.945 241.428 4.074
201612 3.710 241.432 5.132
201703 3.894 243.801 5.334
201706 5.517 244.955 7.521
201709 5.073 246.819 6.864
201712 5.792 246.524 7.846
201803 5.041 249.554 6.746
201806 6.375 251.989 8.449
201809 8.776 252.439 11.610
201812 12.294 251.233 16.342
201903 8.106 254.202 10.649
201906 7.939 256.143 10.351
201909 7.156 256.759 9.307
201912 8.620 256.974 11.202
202003 8.107 258.115 10.489
202006 4.315 257.797 5.590
202009 5.385 260.280 6.909
202012 7.504 260.474 9.621
202103 8.460 264.877 10.666
202106 11.367 271.696 13.972
202109 12.108 274.310 14.741
202112 18.631 278.802 22.316
202203 25.831 287.504 30.004
202206 34.454 296.311 38.831
202209 44.367 296.808 49.919
202212 51.996 296.797 58.505
202303 52.398 301.836 57.973
202306 57.500 305.109 62.936
202309 71.648 307.789 77.738
202312 115.989 306.746 126.276
202403 115.390 312.332 123.377
202406 93.754 314.175 99.656
202409 94.093 315.301 99.659
202412 85.234 315.605 90.189
202503 81.470 319.799 85.076
202506 124.330 322.561 128.721
202509 155.766 324.800 160.155
202512 142.481 324.054 146.833
202603 129.663 330.213 131.131
202606 177.820 333.952 177.820

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 3.23 mean?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) has a Cyclically Adjusted PS Ratio of 3.23 as of Aug. 19, 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. This is 107% above median its historical median of 1.56. Over the past decade, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio has ranged from 0.41 to 16.83. According to the industry distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #482 out of 516 companies in the Steel industry, placing it in the top 93.4%.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio too high?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Cyclically Adjusted PS Ratio of 3.23 is 107% above median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 16.83. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's value of 3.23 is 617.8% above this industry median. Based on the distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #482 out of 516 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #482 out of 516 companies for Cyclically Adjusted PS Ratio. This places Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's value of 3.23 is 617.8% above this benchmark. Historically, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 16.83 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 0.45, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 PS Ratio for a Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 516 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. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Cyclically Adjusted PS Ratio of 3.23 is 617.8% 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 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Cyclically Adjusted PS Ratio is 3.23, which is 107% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) is currently considered Fairly Valued. The stock's GF Value™ is ₺699.77, compared to a current price of ₺633.50 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.23, which is 107% above median its 10-year median of 1.56 and 617.8% above the Steel industry median of 0.45. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's overall GF Score™ is 68/100 with 4 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN), the current Cyclically Adjusted PS Ratio is 3.23 as of Aug. 19, 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺633.50 is trading 9.5% below its estimated GF Value™ of ₺699.77. GuruFocus considers Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS to be Fairly Valued.

Key valuation signals for IST:BRSAN:

  • Cyclically Adjusted PS Ratio: 3.23 (107% above median its 10-year median of 1.56)
  • GF Value™: ₺699.77 vs. price of ₺633.50 (9.5% below fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 617.8% above the Steel median (#482 of 516)

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


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Business Description

Address Meclisi Mebusan Caddesi No. 35 – 37, Salipazari, Istanbul, TUR, 34427
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.
68GF Score

Get the complete analysis for IST:BRSAN

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

₺633.50
Price
₺699.77
GF Value