Celebi Hava Servisi AS (IST:CLEBI) Cyclically Adjusted PS Ratio: 5.72 (As of Jul. 23, 2026) — 35% Above Median

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IST:CLEBI Celebi Hava Servisi AS IST:CLEBI
72 GF Score
Price ₺1,519.00
GF Value ₺2,298.00
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Celebi Hava Servisi AS Cyclically Adjusted PS Ratio?

Celebi Hava Servisi AS IST:CLEBI +0.33% 72 Cyclically Adjusted PS Ratio is 5.72 as of Jul. 23, 2026, which is 35% above its 10-year median of 4.23. GuruFocus rates IST:CLEBI with a GF Score™ of 72/100 and a GF Value™ of ₺2,298.00 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 759 Transportation companies, Celebi Hava Servisi AS ranks worse than 93.28% on this metric.

As of today (2026-07-23), Celebi Hava Servisi AS's current share price is ₺1519.00. Celebi Hava Servisi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺265.72. Celebi Hava Servisi AS's Cyclically Adjusted PS Ratio for today is 5.72.

The historical rank and industry rank for Celebi Hava Servisi AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:CLEBI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 4.23   Max: 18.44
Current: 5.74

During the past years, Celebi Hava Servisi AS's highest Cyclically Adjusted PS Ratio was 18.44. The lowest was 0.99. And the median was 4.23.

IST:CLEBI's Cyclically Adjusted PS Ratio is ranked worse than
93.28% of 759 companies
in the Transportation industry
Industry Median: 0.89 vs IST:CLEBI: 5.74

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.

Celebi Hava Servisi AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺188.595. 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 ₺265.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Celebi Hava Servisi AS  (IST:CLEBI) 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.


Celebi Hava Servisi AS Cyclically Adjusted PS Ratio Related Terms


Celebi Hava Servisi AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Celebi Hava Servisi 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.

Celebi Hava Servisi AS Cyclically Adjusted PS Ratio Chart

Celebi Hava Servisi 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 3.37 9.50 7.14 10.80 6.26

Celebi Hava Servisi 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 15.50 7.61 6.42 6.26 6.48

IST:CLEBI vs JOBY, CAAP: Cyclically Adjusted PS Ratio Comparison

For the Airports & Air Services subindustry, Celebi Hava Servisi 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.


Celebi Hava Servisi AS Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Celebi Hava Servisi AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


IST:CLEBI
72GF Score
Celebi Hava Servisi AS IST:CLEBI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Celebi Hava Servisi 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.

Celebi Hava Servisi AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1519.00/265.72
=5.72

* 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.

Celebi Hava Servisi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Celebi Hava Servisi 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)
=188.595/330.2130*330.2130
=188.595

Current CPI (Mar. 2026) = 330.2130.

Celebi Hava Servisi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.328 241.018 10.040
201609 7.985 241.428 10.921
201612 6.983 241.432 9.551
201703 7.474 243.801 10.123
201706 9.359 244.955 12.616
201709 11.603 246.819 15.523
201712 9.334 246.524 12.503
201803 9.192 249.554 12.163
201806 13.124 251.989 17.198
201809 19.046 252.439 24.914
201812 19.704 251.233 25.898
201903 14.504 254.202 18.841
201906 20.048 256.143 25.845
201909 23.939 256.759 30.788
201912 18.788 256.974 24.143
202003 16.538 258.115 21.157
202006 10.336 257.797 13.239
202009 18.677 260.280 23.695
202012 17.885 260.474 22.674
202103 18.563 264.877 23.142
202106 21.536 271.696 26.174
202109 30.547 274.310 36.772
202112 34.712 278.802 41.113
202203 45.052 287.504 51.745
202206 57.043 296.311 63.569
202209 78.714 296.808 87.573
202212 69.068 296.797 76.844
202303 71.861 301.836 78.617
202306 96.073 305.109 103.978
202309 147.753 307.789 158.518
202312 131.425 306.746 141.479
202403 145.087 312.332 153.393
202406 190.633 314.175 200.364
202409 238.964 315.301 250.266
202412 -52.017 315.605 -54.425
202503 136.649 319.799 141.099
202506 209.473 322.561 214.442
202509 240.784 324.800 244.797
202512 85.641 324.054 87.269
202603 188.595 330.213 188.595

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 5.72 mean?
Celebi Hava Servisi AS (IST:CLEBI) has a Cyclically Adjusted PS Ratio of 5.72 as of Jul. 23, 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 Celebi Hava Servisi AS and its competitors. This is 35% above median its historical median of 4.23. Over the past decade, Celebi Hava Servisi AS's Cyclically Adjusted PS Ratio has ranged from 0.99 to 18.44. According to the industry distribution chart, Celebi Hava Servisi AS ranks #708 out of 759 companies in the Transportation industry, placing it in the top 93.3%.
Is Celebi Hava Servisi AS's Cyclically Adjusted PS Ratio too high?
Celebi Hava Servisi AS's current Cyclically Adjusted PS Ratio of 5.72 is 35% above median its 10-year median of 4.23. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 18.44. The Transportation industry median Cyclically Adjusted PS Ratio is 0.89. Celebi Hava Servisi AS's value of 5.72 is 542.7% above this industry median. Based on the distribution chart, Celebi Hava Servisi AS ranks #708 out of 759 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Celebi Hava Servisi AS has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celebi Hava Servisi AS's Cyclically Adjusted PS Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Celebi Hava Servisi AS ranks #708 out of 759 companies for Cyclically Adjusted PS Ratio. This places Celebi Hava Servisi AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.89. Celebi Hava Servisi AS's value of 5.72 is 542.7% above this benchmark. Historically, Celebi Hava Servisi AS's own Cyclically Adjusted PS Ratio has ranged from 0.99 to 18.44 over the past decade. While the company's 10-year median is 4.23 vs. the industry median of 0.89, Celebi Hava Servisi 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.89, based on 759 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. Celebi Hava Servisi AS's current Cyclically Adjusted PS Ratio of 5.72 is 542.7% 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 Celebi Hava Servisi AS and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celebi Hava Servisi AS's current Cyclically Adjusted PS Ratio is 5.72, which is 35% above median its own 10-year median of 4.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celebi Hava Servisi AS stock overvalued right now?
Based on GuruFocus' analysis, Celebi Hava Servisi AS (IST:CLEBI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺2,298.00, compared to a current price of ₺1,519.00 — trading 33.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.72, which is 35% above median its 10-year median of 4.23 and 542.7% above the Transportation industry median of 0.89. Celebi Hava Servisi AS's overall GF Score™ is 72/100 with 5 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 Celebi Hava Servisi AS (IST:CLEBI), the current Cyclically Adjusted PS Ratio is 5.72 as of Jul. 23, 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 Celebi Hava Servisi AS (IST:CLEBI) Overvalued in 2026?

Based on GuruFocus' analysis, Celebi Hava Servisi AS stock appears to be undervalued. The current stock price of ₺1,519.00 is trading 33.9% below its estimated GF Value™ of ₺2,298.00. GuruFocus considers Celebi Hava Servisi AS to be Significantly Undervalued.

Key valuation signals for IST:CLEBI:

  • Cyclically Adjusted PS Ratio: 5.72 (35% above median its 10-year median of 4.23)
  • GF Value™: ₺2,298.00 vs. price of ₺1,519.00 (33.9% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 542.7% above the Transportation median (#708 of 759)

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


Celebi Hava Servisi AS Business Description

Address Tayakadin Mahallesi, Nuri Demirag Caddesi No: 39, Arnavutkoy, Istanbul, TUR, 34768
Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.
72GF Score

Get the complete analysis for IST:CLEBI

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

₺1,519.00
Price
₺2,298.00
GF Value