Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) Cyclically Adjusted PS Ratio: 1.38 (As of Jul. 28, 2026) — 20% Below Median

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IST:KARSN Karsan Otomotiv Sanayii Ve Ticaret AS IST:KARSN
53 GF Score
Price ₺10.33
GF Value ₺20.06
Valuation Possible Value Trap
! 8 Warning Signs
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What is Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PS Ratio?

Karsan Otomotivnayii Ve Ticaret AS IST:KARSN -5.14% 53 Cyclically Adjusted PS Ratio is 1.38 as of Jul. 28, 2026, which is 20% below its 10-year median of 1.72. GuruFocus rates IST:KARSN with a GF Score™ of 53/100 and a GF Value™ of ₺20.06 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 169 Farm & Heavy Construction Machinery companies, Karsan Otomotivnayii Ve Ticaret AS ranks worse than 60.36% on this metric.

As of today (2026-07-28), Karsan Otomotivnayii Ve Ticaret AS's current share price is ₺10.33. Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺7.50. Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PS Ratio for today is 1.38.

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

IST:KARSN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 1.72   Max: 5.43
Current: 1.45

During the past years, Karsan Otomotivnayii Ve Ticaret AS's highest Cyclically Adjusted PS Ratio was 5.43. The lowest was 0.41. And the median was 1.72.

IST:KARSN's Cyclically Adjusted PS Ratio is ranked worse than
60.36% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.05 vs IST:KARSN: 1.45

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.

Karsan Otomotivnayii Ve Ticaret AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺5.313. 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 ₺7.50 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Karsan Otomotivnayii Ve Ticaret AS  (IST:KARSN) 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.


Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PS Ratio Related Terms


Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Karsan Otomotivnayii 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.

Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PS Ratio Chart

Karsan Otomotivnayii 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 1.47 4.39 2.31 2.32 1.34

Karsan Otomotivnayii Ve Ticaret 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 2.05 1.58 1.72 1.34 1.26

IST:KARSN vs CAT, DE, PCAR: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Karsan Otomotivnayii 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.


Karsan Otomotivnayii Ve Ticaret AS Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PS Ratio falls into.


IST:KARSN
53GF Score
Karsan Otomotiv Sanayii Ve Ticaret AS IST:KARSN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karsan Otomotivnayii 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.

Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.33/7.50
=1.38

* 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.

Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Karsan Otomotivnayii Ve Ticaret 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)
=5.313/330.2130*330.2130
=5.313

Current CPI (Mar. 2026) = 330.2130.

Karsan Otomotivnayii Ve Ticaret AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.612 241.018 0.838
201609 0.373 241.428 0.510
201612 0.504 241.432 0.689
201703 0.421 243.801 0.570
201706 0.549 244.955 0.740
201709 0.365 246.819 0.488
201712 0.554 246.524 0.742
201803 0.633 249.554 0.838
201806 0.503 251.989 0.659
201809 0.724 252.439 0.947
201812 0.608 251.233 0.799
201903 0.917 254.202 1.191
201906 0.444 256.143 0.572
201909 0.595 256.759 0.765
201912 0.607 256.974 0.780
202003 0.475 258.115 0.608
202006 0.307 257.797 0.393
202009 0.533 260.280 0.676
202012 0.480 260.474 0.609
202103 0.219 264.877 0.273
202106 0.417 271.696 0.507
202109 0.530 274.310 0.638
202112 1.062 278.802 1.258
202203 0.301 287.504 0.346
202206 0.887 296.311 0.988
202209 0.738 296.808 0.821
202212 4.031 296.797 4.485
202303 2.274 301.836 2.488
202306 2.409 305.109 2.607
202309 2.008 307.789 2.154
202312 4.622 306.746 4.976
202403 2.694 312.332 2.848
202406 3.482 314.175 3.660
202409 1.848 315.301 1.935
202412 7.143 315.605 7.474
202503 2.218 319.799 2.290
202506 3.897 322.561 3.989
202509 2.818 324.800 2.865
202512 9.505 324.054 9.686
202603 5.313 330.213 5.313

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 1.38 mean?
Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) has a Cyclically Adjusted PS Ratio of 1.38 as of Jul. 28, 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 Karsan Otomotivnayii Ve Ticaret AS and its competitors. This is 20% below median its historical median of 1.72. Over the past decade, Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PS Ratio has ranged from 0.41 to 5.43. According to the industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #102 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 60.4%.
Is Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PS Ratio too high?
Karsan Otomotivnayii Ve Ticaret AS's current Cyclically Adjusted PS Ratio of 1.38 is 20% below median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 5.43. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.05. Karsan Otomotivnayii Ve Ticaret AS's value of 1.38 is 31.4% above this industry median. Based on the distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #102 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Karsan Otomotivnayii Ve Ticaret AS has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Karsan Otomotivnayii Ve Ticaret AS's Cyclically Adjusted PS Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #102 out of 169 companies for Cyclically Adjusted PS Ratio. This places Karsan Otomotivnayii Ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.05. Karsan Otomotivnayii Ve Ticaret AS's value of 1.38 is 31.4% above this benchmark. Historically, Karsan Otomotivnayii Ve Ticaret AS's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 5.43 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 1.05, Karsan Otomotivnayii 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 Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.05, based on 169 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. Karsan Otomotivnayii Ve Ticaret AS's current Cyclically Adjusted PS Ratio of 1.38 is 31.4% 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 Karsan Otomotivnayii Ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karsan Otomotivnayii Ve Ticaret AS's current Cyclically Adjusted PS Ratio is 1.38, which is 20% below median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karsan Otomotivnayii Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) is currently considered Possible Value Trap. The stock's GF Value™ is ₺20.06, compared to a current price of ₺10.33 — trading 48.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.38, which is 20% below median its 10-year median of 1.72 and 31.4% above the Farm & Heavy Construction Machinery industry median of 1.05. Karsan Otomotivnayii Ve Ticaret AS's overall GF Score™ is 53/100 with 8 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 Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN), the current Cyclically Adjusted PS Ratio is 1.38 as of Jul. 28, 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 Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) Overvalued in 2026?

Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺10.33 is trading 48.5% below its estimated GF Value™ of ₺20.06. GuruFocus considers Karsan Otomotivnayii Ve Ticaret AS to be Possible Value Trap.

Key valuation signals for IST:KARSN:

  • Cyclically Adjusted PS Ratio: 1.38 (20% below median its 10-year median of 1.72)
  • GF Value™: ₺20.06 vs. price of ₺10.33 (48.5% below fair value)
  • GF Score™: 53/100 with 8 warning signs
  • Industry Position: 31.4% above the Farm & Heavy Construction Machinery median (#102 of 169)

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


Karsan Otomotivnayii Ve Ticaret AS Business Description

Address Hasanaga Organize Sanayi Bolgesi (HOSAB), Sanayi Caddesi, Nilufer, Bursa, TUR, 16225
Karsan Otomotiv Sanayii Ve Ticaret AS is engaged in production, import and export of motor vehicles to automotive brands. It provides industrial services to automotive companies and its activities include the production of spare parts for automotive and other vehicles. The operating segments are Bus segment reports production of buses for municipalities, Karsan segment reports the production of commercial vehicles with its own brand, Spare Parts segment represents the production of spare parts and Industrial Sales segment reports the cataphoresis processes and tractor cabin. The group operates in Turkey and internationally and generates the majority of the revenue from the Hyundai segment.
53GF Score

Get the complete analysis for IST:KARSN

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

₺10.33
Price
₺20.06
GF Value