Pegasus Hava Tasimaciligi AS (IST:PGSUS) Cyclically Adjusted PS Ratio: 1.62 (As of Aug. 12, 2026) — 59% Below Median

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IST:PGSUS Pegasus Hava Tasimaciligi AS IST:PGSUS
61 GF Score
Price ₺151.90
GF Value ₺370.37
Valuation Possible Value Trap
! 9 Warning Signs
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What is Pegasus Hava Tasimaciligi AS Cyclically Adjusted PS Ratio?

Pegasus Hava Tasimaciligi AS IST:PGSUS +1.47% 61 Cyclically Adjusted PS Ratio is 1.62 as of Aug. 12, 2026, which is 59% below its 10-year median of 3.99. GuruFocus rates IST:PGSUS with a GF Score™ of 61/100 and a GF Value™ of ₺370.37 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 764 Transportation companies, Pegasus Hava Tasimaciligi AS ranks worse than 66.62% on this metric.

As of today (2026-08-12), Pegasus Hava Tasimaciligi AS's current share price is ₺151.90. Pegasus Hava Tasimaciligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺94.03. Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio for today is 1.62.

The historical rank and industry rank for Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:PGSUS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.41   Med: 3.99   Max: 7.5
Current: 1.63

During the past years, Pegasus Hava Tasimaciligi AS's highest Cyclically Adjusted PS Ratio was 7.50. The lowest was 1.41. And the median was 3.99.

IST:PGSUS's Cyclically Adjusted PS Ratio is ranked worse than
66.62% of 764 companies
in the Transportation industry
Industry Median: 0.91 vs IST:PGSUS: 1.63

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.

Pegasus Hava Tasimaciligi AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺65.521. 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 ₺94.03 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pegasus Hava Tasimaciligi AS  (IST:PGSUS) 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.


Pegasus Hava Tasimaciligi AS Cyclically Adjusted PS Ratio Related Terms


Pegasus Hava Tasimaciligi AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pegasus Hava Tasimaciligi 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.

Pegasus Hava Tasimaciligi AS Cyclically Adjusted PS Ratio Chart

Pegasus Hava Tasimaciligi 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 1.41 4.68 3.78 3.75 2.23

Pegasus Hava Tasimaciligi 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 4.15 3.67 2.67 2.23 1.87

IST:PGSUS vs DAL, UAL, LUV: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, Pegasus Hava Tasimaciligi 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.


Pegasus Hava Tasimaciligi AS Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio falls into.


IST:PGSUS
61GF Score
Pegasus Hava Tasimaciligi AS IST:PGSUS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pegasus Hava Tasimaciligi 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.

Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=151.90/94.03
=1.62

* 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.

Pegasus Hava Tasimaciligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pegasus Hava Tasimaciligi 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)
=65.521/330.2130*330.2130
=65.521

Current CPI (Mar. 2026) = 330.2130.

Pegasus Hava Tasimaciligi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.596 241.018 2.187
201609 2.743 241.428 3.752
201612 1.695 241.432 2.318
201703 1.772 243.801 2.400
201706 2.447 244.955 3.299
201709 4.107 246.819 5.495
201712 2.371 246.524 3.176
201803 2.390 249.554 3.162
201806 3.396 251.989 4.450
201809 6.705 252.439 8.771
201812 4.066 251.233 5.344
201903 3.532 254.202 4.588
201906 5.262 256.143 6.784
201909 8.237 256.759 10.593
201912 5.023 256.974 6.455
202003 3.757 258.115 4.806
202006 0.303 257.797 0.388
202009 2.980 260.280 3.781
202012 2.568 260.474 3.256
202103 2.180 264.877 2.718
202106 3.090 271.696 3.756
202109 9.075 274.310 10.924
202112 6.985 278.802 8.273
202203 8.128 287.504 9.335
202206 16.702 296.311 18.613
202209 35.680 296.808 39.696
202212 24.954 296.797 27.764
202303 17.587 301.836 19.240
202306 30.218 305.109 32.704
202309 56.145 307.789 60.235
202312 37.113 306.746 39.952
202403 34.782 312.332 36.773
202406 53.146 314.175 55.859
202409 83.406 315.301 87.351
202412 42.272 315.605 44.229
202503 47.175 319.799 48.711
202506 76.851 322.561 78.674
202509 107.615 324.800 109.408
202512 54.512 324.054 55.548
202603 65.521 330.213 65.521

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 1.62 mean?
Pegasus Hava Tasimaciligi AS (IST:PGSUS) has a Cyclically Adjusted PS Ratio of 1.62 as of Aug. 12, 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 Pegasus Hava Tasimaciligi AS and its competitors. This is 59% below median its historical median of 3.99. Over the past decade, Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio has ranged from 1.41 to 7.50. According to the industry distribution chart, Pegasus Hava Tasimaciligi AS ranks #509 out of 764 companies in the Transportation industry, placing it in the top 66.6%.
Is Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio too high?
Pegasus Hava Tasimaciligi AS's current Cyclically Adjusted PS Ratio of 1.62 is 59% below median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 7.50. The Transportation industry median Cyclically Adjusted PS Ratio is 0.91. Pegasus Hava Tasimaciligi AS's value of 1.62 is 78% above this industry median. Based on the distribution chart, Pegasus Hava Tasimaciligi AS ranks #509 out of 764 companies in the Transportation industry, which is below the industry midpoint. Overall, Pegasus Hava Tasimaciligi AS has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pegasus Hava Tasimaciligi AS's Cyclically Adjusted PS Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Pegasus Hava Tasimaciligi AS ranks #509 out of 764 companies for Cyclically Adjusted PS Ratio. This places Pegasus Hava Tasimaciligi AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.91. Pegasus Hava Tasimaciligi AS's value of 1.62 is 78% above this benchmark. Historically, Pegasus Hava Tasimaciligi AS's own Cyclically Adjusted PS Ratio has ranged from 1.41 to 7.50 over the past decade. While the company's 10-year median is 3.99 vs. the industry median of 0.91, Pegasus Hava Tasimaciligi 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.91, based on 764 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. Pegasus Hava Tasimaciligi AS's current Cyclically Adjusted PS Ratio of 1.62 is 78% 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 Pegasus Hava Tasimaciligi AS and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pegasus Hava Tasimaciligi AS's current Cyclically Adjusted PS Ratio is 1.62, which is 59% below median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pegasus Hava Tasimaciligi AS stock overvalued right now?
Based on GuruFocus' analysis, Pegasus Hava Tasimaciligi AS (IST:PGSUS) is currently considered Possible Value Trap. The stock's GF Value™ is ₺370.37, compared to a current price of ₺151.90 — trading 59% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.62, which is 59% below median its 10-year median of 3.99 and 78% above the Transportation industry median of 0.91. Pegasus Hava Tasimaciligi AS's overall GF Score™ is 61/100 with 9 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 Pegasus Hava Tasimaciligi AS (IST:PGSUS), the current Cyclically Adjusted PS Ratio is 1.62 as of Aug. 12, 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 Pegasus Hava Tasimaciligi AS (IST:PGSUS) Overvalued in 2026?

Based on GuruFocus' analysis, Pegasus Hava Tasimaciligi AS stock appears to be undervalued. The current stock price of ₺151.90 is trading 59% below its estimated GF Value™ of ₺370.37. GuruFocus considers Pegasus Hava Tasimaciligi AS to be Possible Value Trap.

Key valuation signals for IST:PGSUS:

  • Cyclically Adjusted PS Ratio: 1.62 (59% below median its 10-year median of 3.99)
  • GF Value™: ₺370.37 vs. price of ₺151.90 (59% below fair value)
  • GF Score™: 61/100 with 9 warning signs
  • Industry Position: 78% above the Transportation median (#509 of 764)

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


Pegasus Hava Tasimaciligi AS Business Description

Address Aeropark, Yenisehir Mahallesi, Osmanli Bulvari, No: 11/A, Kurtkoy-Pendik, Istanbul, TUR, 34912
Pegasus Hava Tasimaciligi AS is an airline company engaged in providing passenger air transportation services. The company offers low-fare airline-related services, including scheduled flights, charter services, and ancillary services. It operates domestic and international routes mainly across short- and medium-haul networks and generates additional revenue from services such as seat selection, baggage, and onboard products. The company operates as a single reportable segment, with resource allocation and performance evaluation based on its overall route network and aircraft fleet deployment.
61GF Score

Get the complete analysis for IST:PGSUS

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

₺151.90
Price
₺370.37
GF Value