Polisan Holding AS (IST:POLHO) Cyclically Adjusted PS Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:POLHO Polisan Holding AS IST:POLHO
57 GF Score
Price ₺23.02
GF Value ₺8.03
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Polisan Holding AS Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Polisan Holding AS  (IST:POLHO) 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.


Polisan Holding AS Cyclically Adjusted PS Ratio Related Terms


Polisan Holding AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Polisan Holding 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.

Polisan Holding AS Cyclically Adjusted PS Ratio Chart

Polisan Holding 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 2.26 6.07 4.33 2.45 10.66

Polisan Holding 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 3.28 18.15 10.66 11.90 0.00

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

For the Specialty Chemicals subindustry, Polisan Holding 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.


Polisan Holding AS Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polisan Holding AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Polisan Holding AS's Cyclically Adjusted PS Ratio falls into.


IST:POLHO
57GF Score
Polisan Holding AS IST:POLHO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Polisan Holding 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.

Polisan Holding AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Polisan Holding 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)
=2.215/333.9520*333.9520
=2.215

Current CPI (Jun. 2026) = 333.9520.

Polisan Holding AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.031 241.428 0.043
201612 0.035 241.432 0.048
201703 0.043 243.801 0.059
201706 0.052 244.955 0.071
201709 0.053 246.819 0.072
201712 0.051 246.524 0.069
201803 0.061 249.554 0.082
201806 0.072 251.989 0.095
201809 0.086 252.439 0.114
201812 0.090 251.233 0.120
201903 0.062 254.202 0.081
201906 0.077 256.143 0.100
201909 0.072 256.759 0.094
201912 0.063 256.974 0.082
202003 0.062 258.115 0.080
202006 0.061 257.797 0.079
202009 0.075 260.280 0.096
202012 0.080 260.474 0.103
202103 0.094 264.877 0.119
202106 0.114 271.696 0.140
202109 0.137 274.310 0.167
202112 0.177 278.802 0.212
202203 0.219 287.504 0.254
202206 0.301 296.311 0.339
202209 0.322 296.808 0.362
202212 1.174 296.797 1.321
202303 0.473 301.836 0.523
202306 0.516 305.109 0.565
202309 0.490 307.789 0.532
202312 0.532 306.746 0.579
202403 0.452 312.332 0.483
202406 1.483 314.175 1.576
202409 1.039 315.301 1.100
202412 0.476 315.605 0.504
202503 0.441 319.799 0.461
202506 2.570 322.561 2.661
202509 0.935 324.800 0.961
202512 2.293 324.054 2.363
202603 1.826 330.213 1.847
202606 2.215 333.952 2.215

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 Polisan Holding AS (IST:POLHO) Overvalued in 2026?

Based on GuruFocus' analysis, Polisan Holding AS stock appears to be overvalued. The current stock price of ₺23.02 is trading 186.7% above its estimated GF Value™ of ₺8.03. GuruFocus considers Polisan Holding AS to be Significantly Overvalued.

Key valuation signals for IST:POLHO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₺8.03 vs. price of ₺23.02 (186.7% above fair value)
  • GF Score™: 57/100 with 6 warning signs

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


Polisan Holding AS Business Description

Address Dilovasi Organize Sanayi Bolgesi 1, Kisim Liman Caddesi No: 7, Kocaeli, Dilovasi, TUR
Polisan Holding AS engages in the manufacture and distribution of decorative paints, chemicals, textile goods, and rendering port and storage services. It operates through the following segments: Chemical Products, Port, Services, and Real estate. Majority of the firm's revenue gets derived from Chemical Products segment. The company offers paints, varnishes, resins, and other surface coating and insulation materials; formaldehyde, formaldehyde resins, and construction chemicals, as well as polyethylene terephthalate granules and synthetic fibers; emulsion polymers used in paint, wood, textiles, carpeting, and glue industries.
57GF Score

Get the complete analysis for IST:POLHO

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

₺23.02
Price
₺8.03
GF Value