Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Cyclically Adjusted PS Ratio: 4.97 (As of Jul. 11, 2026) — 20% Above Median


IST:KARTN Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
41 GF Score
Price ₺179.90
GF Value ₺68.27
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted PS Ratio?

Kartonsan Kartonnayi ve Ticaret AS IST:KARTN +9.96% 41 Cyclically Adjusted PS Ratio is 4.97 as of Jul. 11, 2026, which is 20% above its 10-year median of 4.15. GuruFocus rates IST:KARTN with a GF Score™ of 41/100 and a GF Value™ of ₺68.27 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 319 Packaging & Containers companies, Kartonsan Kartonnayi ve Ticaret AS ranks worse than 93.42% on this metric.

As of today (2026-07-11), Kartonsan Kartonnayi ve Ticaret AS's current share price is ₺179.90. Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺36.20. Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio for today is 4.97.

The historical rank and industry rank for Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:KARTN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.84   Med: 4.15   Max: 20.06
Current: 4.97

During the past years, Kartonsan Kartonnayi ve Ticaret AS's highest Cyclically Adjusted PS Ratio was 20.06. The lowest was 1.84. And the median was 4.15.

IST:KARTN's Cyclically Adjusted PS Ratio is ranked worse than
93.42% of 319 companies
in the Packaging & Containers industry
Industry Median: 0.69 vs IST:KARTN: 4.97

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.

Kartonsan Kartonnayi ve Ticaret AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺14.021. 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 ₺36.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kartonsan Kartonnayi ve Ticaret AS  (IST:KARTN) 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.


Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted PS Ratio Related Terms


Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kartonsan Kartonnayi 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.

Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted PS Ratio Chart

Kartonsan Kartonnayi 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 6.57 5.82 3.32 3.23 2.26

Kartonsan Kartonnayi 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 2.80 2.50 2.62 2.26 1.72

IST:KARTN vs SW, PKG, IP: Cyclically Adjusted PS Ratio Comparison

For the Packaging & Containers subindustry, Kartonsan Kartonnayi 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.


Kartonsan Kartonnayi ve Ticaret AS Cyclically Adjusted PS Ratio vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio falls into.


IST:KARTN
41GF Score
Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kartonsan Kartonnayi 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.

Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=179.90/36.20
=4.97

* 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.

Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kartonsan Kartonnayi 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)
=14.021/330.2130*330.2130
=14.021

Current CPI (Mar. 2026) = 330.2130.

Kartonsan Kartonnayi ve Ticaret AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.118 241.018 1.532
201609 0.894 241.428 1.223
201612 1.205 241.432 1.648
201703 1.486 243.801 2.013
201706 1.665 244.955 2.245
201709 1.570 246.819 2.100
201712 1.672 246.524 2.240
201803 1.881 249.554 2.489
201806 2.124 251.989 2.783
201809 2.040 252.439 2.669
201812 2.449 251.233 3.219
201903 2.500 254.202 3.248
201906 2.676 256.143 3.450
201909 2.372 256.759 3.051
201912 2.281 256.974 2.931
202003 2.653 258.115 3.394
202006 2.794 257.797 3.579
202009 2.954 260.280 3.748
202012 3.585 260.474 4.545
202103 3.978 264.877 4.959
202106 4.554 271.696 5.535
202109 5.028 274.310 6.053
202112 7.623 278.802 9.029
202203 11.234 287.504 12.903
202206 12.379 296.311 13.795
202209 10.480 296.808 11.659
202212 53.307 296.797 59.309
202303 7.587 301.836 8.300
202306 8.618 305.109 9.327
202309 12.659 307.789 13.581
202312 16.745 306.746 18.026
202403 17.817 312.332 18.837
202406 15.086 314.175 15.856
202409 14.471 315.301 15.155
202412 16.559 315.605 17.325
202503 17.362 319.799 17.927
202506 11.954 322.561 12.238
202509 10.879 324.800 11.060
202512 14.739 324.054 15.019
202603 14.021 330.213 14.021

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 4.97 mean?
Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) has a Cyclically Adjusted PS Ratio of 4.97 as of Jul. 11, 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 Kartonsan Kartonnayi ve Ticaret AS and its competitors. This is 20% above median its historical median of 4.15. Over the past decade, Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio has ranged from 1.84 to 20.06. According to the industry distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #298 out of 319 companies in the Packaging & Containers industry, placing it in the top 93.4%.
Is Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio too high?
Kartonsan Kartonnayi ve Ticaret AS's current Cyclically Adjusted PS Ratio of 4.97 is 20% above median its 10-year median of 4.15. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 20.06. The Packaging & Containers industry median Cyclically Adjusted PS Ratio is 0.69. Kartonsan Kartonnayi ve Ticaret AS's value of 4.97 is 620.3% above this industry median. Based on the distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #298 out of 319 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Kartonsan Kartonnayi ve Ticaret AS has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kartonsan Kartonnayi ve Ticaret AS's Cyclically Adjusted PS Ratio compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #298 out of 319 companies for Cyclically Adjusted PS Ratio. This places Kartonsan Kartonnayi ve Ticaret AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.69. Kartonsan Kartonnayi ve Ticaret AS's value of 4.97 is 620.3% above this benchmark. Historically, Kartonsan Kartonnayi ve Ticaret AS's own Cyclically Adjusted PS Ratio has ranged from 1.84 to 20.06 over the past decade. While the company's 10-year median is 4.15 vs. the industry median of 0.69, Kartonsan Kartonnayi 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 Packaging & Containers company?
The median Cyclically Adjusted PS Ratio among Packaging & Containers companies is 0.69, based on 319 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. Kartonsan Kartonnayi ve Ticaret AS's current Cyclically Adjusted PS Ratio of 4.97 is 620.3% 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 Kartonsan Kartonnayi ve Ticaret AS and its competitors. For the Packaging & Containers industry, the median Cyclically Adjusted PS Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kartonsan Kartonnayi ve Ticaret AS's current Cyclically Adjusted PS Ratio is 4.97, which is 20% above median its own 10-year median of 4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kartonsan Kartonnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺68.27, compared to a current price of ₺179.90 — trading 163.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.97, which is 20% above median its 10-year median of 4.15 and 620.3% above the Packaging & Containers industry median of 0.69. Kartonsan Kartonnayi ve Ticaret AS's overall GF Score™ is 41/100 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN), the current Cyclically Adjusted PS Ratio is 4.97 as of Jul. 11, 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Overvalued in 2026?

Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺179.90 is trading 163.5% above its estimated GF Value™ of ₺68.27. GuruFocus considers Kartonsan Kartonnayi ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:KARTN:

  • Cyclically Adjusted PS Ratio: 4.97 (20% above median its 10-year median of 4.15)
  • GF Value™: ₺68.27 vs. price of ₺179.90 (163.5% above fair value)
  • GF Score™: 41/100 with 8 warning signs
  • Industry Position: 620.3% above the Packaging & Containers median (#298 of 319)

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


Kartonsan Kartonnayi ve Ticaret AS Business Description

Address Prof. Dr. Bulent Tarcan Caddesi, No: 5 Pak Is Merkezi, Kat: 3, Gayrettepe, Istanbul, TUR, 34349
Kartonsan Karton Sanayi ve Ticaret AS is a Turkey-based company engaged in producing and trading of coated cardboard from recycled paper. Business activity of the group is operated through Ukraine, Bulgaria, Spain, Greece, Portugal, and Italy. Its portfolio includes product such as Normprint, Exprint and Luxtriplex, Normprint is multi-coated grey-backside cardboard with a blade top coat, which is used as a packaging material; Exprint, used in all types of packaging and detailed graphic printing and Luxtriplex, multi-coated cardboard with white backside which is ideal for all types of packaging, especially for food, cosmetics, pharmaceuticals. Kartonsan derives revenue through the sale of the products.
41GF Score

Get the complete analysis for IST:KARTN

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

₺179.90
Price
₺68.27
GF Value