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Merit Turizm Yatirim ve Isletme ASIST:MERIT -0.85%78 Cyclically Adjusted PS Ratio is 60.44 as of Jul. 25, 2026, which is 5% below its 10-year median of 63.74. GuruFocus rates IST:MERIT with a GF Score™ of 78/100 and a GF Value™ of ₺22.29 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 670 Travel & Leisure companies, Merit Turizm Yatirim ve Isletme AS ranks worse than 99.4% on this metric.
The historical rank and industry rank for Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PS Ratio or its related term are showing as below:
IST:MERIT'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 30.95 Med: 63.74 Max: 85.22
Current: 63.73
During the past 13 years, Merit Turizm Yatirim ve Isletme AS's highest Cyclically Adjusted PS Ratio was 85.22. The lowest was 30.95. And the median was 63.74.
IST:MERIT's Cyclically Adjusted PS Ratio is ranked worse than 99.4% of 670
companies
in the Travel & Leisure industry
Industry Median: 1.28
vs IST:MERIT: 63.73
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.
Merit Turizm Yatirim ve Isletme AS's adjusted revenue per share data of for the fiscal year that ended in Dec25 was ₺0.965. 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 ₺0.27 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Merit Turizm Yatirim ve Isletme AS (IST:MERIT) 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.
Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PS Ratio Related Terms
Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PS Ratio Historical Data
* 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.
Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PS Ratio Chart
IST:MERIT vs LVS, MGM, WYNN: Cyclically Adjusted PS Ratio Comparison
For the Resorts & Casinos subindustry, Merit Turizm Yatirim ve Isletme 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.
Merit Turizm Yatirim ve Isletme AS Cyclically Adjusted PS Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PS Ratio falls into.
Merit Turizm Yatirim ve Isletme 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.
* 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.
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 60.44 mean?
Merit Turizm Yatirim ve Isletme AS (IST:MERIT) has a Cyclically Adjusted PS Ratio of 60.44 as of Jul. 25, 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 Merit Turizm Yatirim ve Isletme AS and its competitors. This is near median its historical median of 63.74. Over the past decade, Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PS Ratio has ranged from 30.95 to 85.22. According to the industry distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #666 out of 670 companies in the Travel & Leisure industry, placing it in the top 99.4%.
Is Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PS Ratio too high?
Merit Turizm Yatirim ve Isletme AS's current Cyclically Adjusted PS Ratio of 60.44 is near median its 10-year median of 63.74. Over the past 10 years, this metric has ranged from a low of 30.95 to a high of 85.22. The Travel & Leisure industry median Cyclically Adjusted PS Ratio is 1.28. Merit Turizm Yatirim ve Isletme AS's value of 60.44 is 4621.9% above this industry median. Based on the distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #666 out of 670 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Merit Turizm Yatirim ve Isletme AS has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Turizm Yatirim ve Isletme AS's Cyclically Adjusted PS Ratio compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #666 out of 670 companies for Cyclically Adjusted PS Ratio. This places Merit Turizm Yatirim ve Isletme AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.28. Merit Turizm Yatirim ve Isletme AS's value of 60.44 is 4621.9% above this benchmark. Historically, Merit Turizm Yatirim ve Isletme AS's own Cyclically Adjusted PS Ratio has ranged from 30.95 to 85.22 over the past decade. While the company's 10-year median is 63.74 vs. the industry median of 1.28, Merit Turizm Yatirim ve Isletme 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 Travel & Leisure company?
The median Cyclically Adjusted PS Ratio among Travel & Leisure companies is 1.28, based on 670 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. Merit Turizm Yatirim ve Isletme AS's current Cyclically Adjusted PS Ratio of 60.44 is 4621.9% 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 Merit Turizm Yatirim ve Isletme AS and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merit Turizm Yatirim ve Isletme AS's current Cyclically Adjusted PS Ratio is 60.44, which is near median its own 10-year median of 63.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Turizm Yatirim ve Isletme AS stock overvalued right now?
Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS (IST:MERIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺22.29, compared to a current price of ₺16.32 — trading 26.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 60.44, which is near median its 10-year median of 63.74 and 4621.9% above the Travel & Leisure industry median of 1.28. Merit Turizm Yatirim ve Isletme AS's overall GF Score™ is 78/100 with 4 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 Merit Turizm Yatirim ve Isletme AS (IST:MERIT), the current Cyclically Adjusted PS Ratio is 60.44 as of Jul. 25, 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 Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Overvalued in 2026?
Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS stock appears to be undervalued.
The current stock price of ₺16.32 is trading 26.8% below its estimated GF Value™ of ₺22.29.
GuruFocus considers Merit Turizm Yatirim ve Isletme AS to be Modestly Undervalued.
Key valuation signals for IST:MERIT:
Cyclically Adjusted PS Ratio: 60.44 (near median its 10-year median of 63.74)
GF Value™: ₺22.29 vs. price of ₺16.32 (26.8% below fair value)
Industry Position: 4621.9% above the Travel & Leisure median (#666 of 670)
No single metric tells the full story. See the IST:MERIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merit Turizm Yatirim ve Isletme AS Business Description
Merit Turizm Yatirim ve Isletme AS is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.
78GF Score
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