Turkiye Kalkinma Ve Yatirim Bankasi AS (IST:KLNMA) Cyclically Adjusted PS Ratio: 22.38 (As of Aug. 05, 2026) — 45% Below Median

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IST:KLNMA Turkiye Kalkinma Ve Yatirim Bankasi AS IST:KLNMA
44 GF Score
Price ₺8.95
GF Value ₺19.33
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Turkiye Kalkinma Ve Yatirim Bankasi AS Cyclically Adjusted PS Ratio?

Turkiye Kalkinma Ve Yatirim Bankasi AS IST:KLNMA +1.13% 44 Cyclically Adjusted PS Ratio is 22.38 as of Aug. 05, 2026, which is 45% below its 10-year median of 40.92. GuruFocus rates IST:KLNMA with a GF Score™ of 44/100 and a GF Value™ of ₺19.33 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,299 Banks companies, Turkiye Kalkinma Ve Yatirim Bankasi AS ranks worse than 99.46% on this metric.

As of today (2026-08-05), Turkiye Kalkinma Ve Yatirim Bankasi AS's current share price is ₺8.95. Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was ₺0.40. Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio for today is 22.38.

The historical rank and industry rank for Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:KLNMA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 20.38   Med: 40.92   Max: 170.29
Current: 24.54

During the past years, Turkiye Kalkinma Ve Yatirim Bankasi AS's highest Cyclically Adjusted PS Ratio was 170.29. The lowest was 20.38. And the median was 40.92.

IST:KLNMA's Cyclically Adjusted PS Ratio is ranked worse than
99.46% of 1299 companies
in the Banks industry
Industry Median: 3.41 vs IST:KLNMA: 24.54

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.

Turkiye Kalkinma Ve Yatirim Bankasi AS's adjusted revenue per share data for the three months ended in Dec. 2025 was ₺0.426. 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 ₺0.40 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turkiye Kalkinma Ve Yatirim Bankasi AS  (IST:KLNMA) 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.


Turkiye Kalkinma Ve Yatirim Bankasi AS Cyclically Adjusted PS Ratio Related Terms


Turkiye Kalkinma Ve Yatirim Bankasi AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Turkiye Kalkinma Ve Yatirim Bankasi 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.

Turkiye Kalkinma Ve Yatirim Bankasi AS Cyclically Adjusted PS Ratio Chart

Turkiye Kalkinma Ve Yatirim Bankasi 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 55.84 39.12 44.96 29.87 24.80

Turkiye Kalkinma Ve Yatirim Bankasi AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 29.87 26.58 20.57 33.20 24.80

Turkiye Kalkinma Ve Yatirim Bankasi AS Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Turkiye Kalkinma Ve Yatirim Bankasi 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.


Turkiye Kalkinma Ve Yatirim Bankasi AS Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio falls into.


IST:KLNMA
44GF Score
Turkiye Kalkinma Ve Yatirim Bankasi AS IST:KLNMA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Turkiye Kalkinma Ve Yatirim Bankasi 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.

Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.95/0.40
=22.38

* 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.

Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Turkiye Kalkinma Ve Yatirim Bankasi AS's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.426/324.0540*324.0540
=0.426

Current CPI (Dec. 2025) = 324.0540.

Turkiye Kalkinma Ve Yatirim Bankasi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.006 238.132 0.008
201606 0.007 241.018 0.009
201609 0.006 241.428 0.008
201612 0.019 241.432 0.026
201703 0.008 243.801 0.011
201706 0.008 244.955 0.011
201709 0.008 246.819 0.011
201712 0.009 246.524 0.012
201803 0.010 249.554 0.013
201806 0.012 251.989 0.015
201809 0.015 252.439 0.019
201812 0.020 251.233 0.026
201903 0.021 254.202 0.027
201906 0.022 256.143 0.028
201909 0.025 256.759 0.032
201912 0.020 256.974 0.025
202003 0.019 258.115 0.024
202006 0.023 257.797 0.029
202009 0.027 260.280 0.034
202012 0.029 260.474 0.036
202103 0.047 264.877 0.058
202106 0.062 271.696 0.074
202109 0.053 274.310 0.063
202112 0.052 278.802 0.060
202203 0.098 287.504 0.110
202206 0.077 296.311 0.084
202209 0.106 296.808 0.116
202212 0.117 296.797 0.128
202303 0.003 301.836 0.003
202306 0.216 305.109 0.229
202309 0.209 307.789 0.220
202312 0.237 306.746 0.250
202403 0.005 312.332 0.005
202406 0.306 314.175 0.316
202409 0.310 315.301 0.319
202412 0.324 315.605 0.333
202503 0.006 319.799 0.006
202506 0.384 322.561 0.386
202509 0.406 324.800 0.405
202512 0.426 324.054 0.426

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 22.38 mean?
Turkiye Kalkinma Ve Yatirim Bankasi AS (IST:KLNMA) has a Cyclically Adjusted PS Ratio of 22.38 as of Aug. 05, 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 Turkiye Kalkinma Ve Yatirim Bankasi AS and its competitors. This is 45% below median its historical median of 40.92. Over the past decade, Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio has ranged from 20.38 to 170.29. According to the industry distribution chart, Turkiye Kalkinma Ve Yatirim Bankasi AS ranks #1292 out of 1299 companies in the Banks industry, placing it in the top 99.5%.
Is Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio too high?
Turkiye Kalkinma Ve Yatirim Bankasi AS's current Cyclically Adjusted PS Ratio of 22.38 is 45% below median its 10-year median of 40.92. Over the past 10 years, this metric has ranged from a low of 20.38 to a high of 170.29. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Turkiye Kalkinma Ve Yatirim Bankasi AS's value of 22.38 is 556.3% above this industry median. Based on the distribution chart, Turkiye Kalkinma Ve Yatirim Bankasi AS ranks #1292 out of 1299 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Turkiye Kalkinma Ve Yatirim Bankasi AS has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turkiye Kalkinma Ve Yatirim Bankasi AS's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Turkiye Kalkinma Ve Yatirim Bankasi AS ranks #1292 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Turkiye Kalkinma Ve Yatirim Bankasi AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.41. Turkiye Kalkinma Ve Yatirim Bankasi AS's value of 22.38 is 556.3% above this benchmark. Historically, Turkiye Kalkinma Ve Yatirim Bankasi AS's own Cyclically Adjusted PS Ratio has ranged from 20.38 to 170.29 over the past decade. While the company's 10-year median is 40.92 vs. the industry median of 3.41, Turkiye Kalkinma Ve Yatirim Bankasi 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.41, based on 1,299 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. Turkiye Kalkinma Ve Yatirim Bankasi AS's current Cyclically Adjusted PS Ratio of 22.38 is 556.3% 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 Turkiye Kalkinma Ve Yatirim Bankasi AS and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkiye Kalkinma Ve Yatirim Bankasi AS's current Cyclically Adjusted PS Ratio is 22.38, which is 45% below median its own 10-year median of 40.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Kalkinma Ve Yatirim Bankasi AS stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Kalkinma Ve Yatirim Bankasi AS (IST:KLNMA) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺19.33, compared to a current price of ₺8.95 — trading 53.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 22.38, which is 45% below median its 10-year median of 40.92 and 556.3% above the Banks industry median of 3.41. Turkiye Kalkinma Ve Yatirim Bankasi AS's overall GF Score™ is 44/100 with 3 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 Turkiye Kalkinma Ve Yatirim Bankasi AS (IST:KLNMA), the current Cyclically Adjusted PS Ratio is 22.38 as of Aug. 05, 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 Turkiye Kalkinma Ve Yatirim Bankasi AS (IST:KLNMA) Overvalued in 2026?

Based on GuruFocus' analysis, Turkiye Kalkinma Ve Yatirim Bankasi AS stock appears to be undervalued. The current stock price of ₺8.95 is trading 53.7% below its estimated GF Value™ of ₺19.33. GuruFocus considers Turkiye Kalkinma Ve Yatirim Bankasi AS to be Significantly Undervalued.

Key valuation signals for IST:KLNMA:

  • Cyclically Adjusted PS Ratio: 22.38 (45% below median its 10-year median of 40.92)
  • GF Value™: ₺19.33 vs. price of ₺8.95 (53.7% below fair value)
  • GF Score™: 44/100 with 3 warning signs
  • Industry Position: 556.3% above the Banks median (#1292 of 1299)

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


Turkiye Kalkinma Ve Yatirim Bankasi AS Business Description

Address Dr. Adnan Buyukdeniz, Cd. No: 10, Inkilap Mahalles, Umraniye, Istanbul, TUR, 34768
Turkiye Kalkinma Ve Yatirim Bankasi AS provides Development and Investment Banking services in Turkey. The group provides Project Funding and Corporate Loans, Investment Banking, Turkiye Development Fund, Sustainable Finance, and Other.
44GF Score

Get the complete analysis for IST:KLNMA

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

₺8.95
Price
₺19.33
GF Value