Marshall Boya VE Verniknayii AS (IST:MRSHL) Cyclically Adjusted PS Ratio: (As of Aug. 13, 2026)

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Director of Data and Quant Analytics at GuruFocus
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IST:MRSHL Marshall Boya VE Vernik Sanayii AS IST:MRSHL
56 GF Score
Price ₺1,728.00
GF Value ₺1,390.11
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Marshall Boya VE Verniknayii AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Marshall Boya VE Verniknayii AS  (IST:MRSHL) 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.


Marshall Boya VE Verniknayii AS Cyclically Adjusted PS Ratio Related Terms


Marshall Boya VE Verniknayii AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii AS Cyclically Adjusted PS Ratio Chart

Marshall Boya VE Verniknayii 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 0.00 0.00 0.00 0.00 7.15

Marshall Boya VE Verniknayii AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 6.19 8.95 7.15 5.68 0.00

IST:MRSHL vs LIN, SHW, ECL: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Marshall Boya VE Verniknayii 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.


Marshall Boya VE Verniknayii AS Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Marshall Boya VE Verniknayii AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Marshall Boya VE Verniknayii AS's Cyclically Adjusted PS Ratio falls into.


IST:MRSHL
56GF Score
Marshall Boya VE Vernik Sanayii AS IST:MRSHL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Marshall Boya VE Verniknayii AS's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=146.574/333.9520*333.9520
=146.574

Current CPI (Jun. 2026) = 333.9520.

Marshall Boya VE Verniknayii AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201109 8.945 226.889 13.166
201203 5.552 229.392 8.083
201206 13.137 229.478 19.118
201209 5.857 231.407 8.452
201303 5.513 232.773 7.909
201412 0.000 234.812 0.000
201512 0.000 236.525 0.000
201612 0.000 241.432 0.000
201712 0.000 246.524 0.000
201812 0.000 251.233 0.000
201903 10.709 254.202 14.069
201906 12.043 256.143 15.701
201909 9.191 256.759 11.954
201912 7.414 256.974 9.635
202003 11.946 258.115 15.456
202006 13.242 257.797 17.154
202009 15.685 260.280 20.125
202012 8.957 260.474 11.484
202103 15.893 264.877 20.038
202106 24.325 271.696 29.899
202109 18.738 274.310 22.812
202112 16.206 278.802 19.412
202203 40.421 287.504 46.951
202206 50.131 296.311 56.499
202209 38.783 296.808 43.636
202212 185.118 296.797 208.292
202303 118.944 301.836 131.600
202306 111.921 305.109 122.501
202309 79.635 307.789 86.404
202312 75.962 306.746 82.699
202403 155.057 312.332 165.790
202406 156.272 314.175 166.109
202409 77.400 315.301 81.978
202412 61.499 315.605 65.074
202503 176.189 319.799 183.986
202506 123.179 322.561 127.529
202509 64.420 324.800 66.235
202512 79.771 324.054 82.208
202603 136.273 330.213 137.816
202606 146.574 333.952 146.574

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.

Is Marshall Boya VE Verniknayii AS (IST:MRSHL) Overvalued in 2026?

Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS stock appears to be overvalued. The current stock price of ₺1,728.00 is trading 24.3% above its estimated GF Value™ of ₺1,390.11. GuruFocus considers Marshall Boya VE Verniknayii AS to be Modestly Overvalued.

Key valuation signals for IST:MRSHL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₺1,390.11 vs. price of ₺1,728.00 (24.3% above fair value)
  • GF Score™: 56/100 with 3 warning signs

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


Marshall Boya VE Verniknayii AS Business Description

Address Dilovasi Organize San. Bolgesi, 1.Kisim Tuna Caddesi No:1, Dilovasi, Gebze, Kocaeli, TUR, 41455
Marshall Boya VE Vernik Sanayii AS is a Turkey-based company involved in manufacturing paints, coatings, and specialty chemicals. The variety of paints provided by the company includes Panel Door Paint, Fit Silicone, Fit Plastic, Antibacterial Hygiene and Silicone Silk Mat Tinted among others.
56GF Score

Get the complete analysis for IST:MRSHL

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

₺1,728.00
Price
₺1,390.11
GF Value