Ihlas Holding AS (IST:IHLAS) Cyclically Adjusted PS Ratio: 0.31 (As of Jul. 24, 2026) — 39% Below Median

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IST:IHLAS Ihlas Holding AS IST:IHLAS
46 GF Score
Price ₺1.08
GF Value ₺1.93
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ihlas Holding AS Cyclically Adjusted PS Ratio?

Ihlas Holding AS IST:IHLAS -0.92% 46 Cyclically Adjusted PS Ratio is 0.31 as of Jul. 24, 2026, which is 39% below its 10-year median of 0.51. GuruFocus rates IST:IHLAS with a GF Score™ of 46/100 and a GF Value™ of ₺1.93 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 471 Conglomerates companies, Ihlas Holding AS ranks better than 72.61% on this metric.

As of today (2026-07-24), Ihlas Holding AS's current share price is ₺1.08. Ihlas Holding AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺3.48. Ihlas Holding AS's Cyclically Adjusted PS Ratio for today is 0.31.

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

IST:IHLAS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.51   Max: 1.41
Current: 0.32

During the past years, Ihlas Holding AS's highest Cyclically Adjusted PS Ratio was 1.41. The lowest was 0.25. And the median was 0.51.

IST:IHLAS's Cyclically Adjusted PS Ratio is ranked better than
72.61% of 471 companies
in the Conglomerates industry
Industry Median: 0.75 vs IST:IHLAS: 0.32

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.

Ihlas Holding AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺2.077. 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 ₺3.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ihlas Holding AS  (IST:IHLAS) 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.


Ihlas Holding AS Cyclically Adjusted PS Ratio Related Terms


Ihlas Holding AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ihlas Holding 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.

Ihlas Holding AS Cyclically Adjusted PS Ratio Chart

Ihlas Holding 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 0.45 0.65 0.44 1.14 0.53

Ihlas Holding 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 0.73 0.63 0.97 0.53 0.42

IST:IHLAS vs HON, MMM: Cyclically Adjusted PS Ratio Comparison

For the Conglomerates subindustry, Ihlas Holding 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.


Ihlas Holding AS Cyclically Adjusted PS Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ihlas Holding AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ihlas Holding AS's Cyclically Adjusted PS Ratio falls into.


IST:IHLAS
46GF Score
Ihlas Holding AS IST:IHLAS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ihlas Holding 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.

Ihlas Holding AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1.08/3.48
=0.31

* 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.

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

For example, Ihlas Holding 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)
=2.077/330.2130*330.2130
=2.077

Current CPI (Mar. 2026) = 330.2130.

Ihlas Holding AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.526 241.018 0.721
201609 0.132 241.428 0.181
201612 0.202 241.432 0.276
201703 0.136 243.801 0.184
201706 0.137 244.955 0.185
201709 0.135 246.819 0.181
201712 0.215 246.524 0.288
201803 0.169 249.554 0.224
201806 0.245 251.989 0.321
201809 0.173 252.439 0.226
201812 0.526 251.233 0.691
201903 0.158 254.202 0.205
201906 0.138 256.143 0.178
201909 0.149 256.759 0.192
201912 0.181 256.974 0.233
202003 0.320 258.115 0.409
202006 0.142 257.797 0.182
202009 0.242 260.280 0.307
202012 0.302 260.474 0.383
202103 0.188 264.877 0.234
202106 0.239 271.696 0.290
202109 0.475 274.310 0.572
202112 0.596 278.802 0.706
202203 0.392 287.504 0.450
202206 0.404 296.311 0.450
202209 0.406 296.808 0.452
202212 2.122 296.797 2.361
202303 0.847 301.836 0.927
202306 0.916 305.109 0.991
202309 1.006 307.789 1.079
202312 2.554 306.746 2.749
202403 1.700 312.332 1.797
202406 1.286 314.175 1.352
202409 1.555 315.301 1.629
202412 2.015 315.605 2.108
202503 1.805 319.799 1.864
202506 1.393 322.561 1.426
202509 1.571 324.800 1.597
202512 4.090 324.054 4.168
202603 2.077 330.213 2.077

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 0.31 mean?
Ihlas Holding AS (IST:IHLAS) has a Cyclically Adjusted PS Ratio of 0.31 as of Jul. 24, 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 Ihlas Holding AS and its competitors. This is 39% below median its historical median of 0.51. Over the past decade, Ihlas Holding AS's Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.41. According to the industry distribution chart, Ihlas Holding AS ranks #129 out of 471 companies in the Conglomerates industry, placing it in the top 27.4%.
Is Ihlas Holding AS's Cyclically Adjusted PS Ratio too high?
Ihlas Holding AS's current Cyclically Adjusted PS Ratio of 0.31 is 39% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.41. The Conglomerates industry median Cyclically Adjusted PS Ratio is 0.75. Ihlas Holding AS's value of 0.31 is 58.7% below this industry median. Based on the distribution chart, Ihlas Holding AS ranks #129 out of 471 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Ihlas Holding AS has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ihlas Holding AS's Cyclically Adjusted PS Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Ihlas Holding AS ranks #129 out of 471 companies for Cyclically Adjusted PS Ratio. This puts Ihlas Holding AS in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Ihlas Holding AS's value of 0.31 is 58.7% below this benchmark. Historically, Ihlas Holding AS's own Cyclically Adjusted PS Ratio has ranged from 0.25 to 1.41 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.75, Ihlas Holding 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 Conglomerates company?
The median Cyclically Adjusted PS Ratio among Conglomerates companies is 0.75, based on 471 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. Ihlas Holding AS's current Cyclically Adjusted PS Ratio of 0.31 is 58.7% 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 Ihlas Holding AS and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ihlas Holding AS's current Cyclically Adjusted PS Ratio is 0.31, which is 39% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ihlas Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Ihlas Holding AS (IST:IHLAS) is currently considered Possible Value Trap. The stock's GF Value™ is ₺1.93, compared to a current price of ₺1.08 — trading 44% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.31, which is 39% below median its 10-year median of 0.51 and 58.7% below the Conglomerates industry median of 0.75. Ihlas Holding AS's overall GF Score™ is 46/100 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 Ihlas Holding AS (IST:IHLAS), the current Cyclically Adjusted PS Ratio is 0.31 as of Jul. 24, 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 Ihlas Holding AS (IST:IHLAS) Overvalued in 2026?

Based on GuruFocus' analysis, Ihlas Holding AS stock appears to be undervalued. The current stock price of ₺1.08 is trading 44% below its estimated GF Value™ of ₺1.93. GuruFocus considers Ihlas Holding AS to be Possible Value Trap.

Key valuation signals for IST:IHLAS:

  • Cyclically Adjusted PS Ratio: 0.31 (39% below median its 10-year median of 0.51)
  • GF Value™: ₺1.93 vs. price of ₺1.08 (44% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 58.7% below the Conglomerates median (#129 of 471)

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


Ihlas Holding AS Business Description

Address Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197
Ihlas Holding AS is a Turkey-based holding company. The operating segment includes Construction, Marketing, Media, and Others. It generates maximum revenue from the Marketing segment. The construction segment includes Real estate trading, construction projects, installation and contracting works, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves Publishing, selling, distributing and marketing of newspapers and all kinds of publications in Turkey and abroad, news agencies, television, and Other. The Marketing segment includes Home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey.
46GF Score

Get the complete analysis for IST:IHLAS

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

₺1.08
Price
₺1.93
GF Value