Ray Sigorta AS (IST:RAYSG) Cyclically Adjusted PS Ratio: 3.72 (As of Aug. 09, 2026) — 31% Below Median

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IST:RAYSG Ray Sigorta AS IST:RAYSG
38 GF Score
Price ₺161.50
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What is Ray Sigorta AS Cyclically Adjusted PS Ratio?

Ray Sigorta AS IST:RAYSG -1.22% 38 Cyclically Adjusted PS Ratio is 3.72 as of Aug. 09, 2026, which is 31% below its 10-year median of 5.40. GuruFocus rates IST:RAYSG with a GF Score™ of 38/100. Among 417 Insurance companies, Ray Sigorta AS ranks worse than 86.09% on this metric.

As of today (2026-08-09), Ray Sigorta AS's current share price is ₺161.50. Ray Sigorta AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺43.37. Ray Sigorta AS's Cyclically Adjusted PS Ratio for today is 3.72.

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

IST:RAYSG' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.34   Med: 5.4   Max: 63.34
Current: 3.72

During the past years, Ray Sigorta AS's highest Cyclically Adjusted PS Ratio was 63.34. The lowest was 1.34. And the median was 5.40.

IST:RAYSG's Cyclically Adjusted PS Ratio is ranked worse than
86.09% of 417 companies
in the Insurance industry
Industry Median: 1.22 vs IST:RAYSG: 3.72

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.

Ray Sigorta AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺54.398. 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 ₺43.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ray Sigorta AS  (IST:RAYSG) 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.


Ray Sigorta AS Cyclically Adjusted PS Ratio Related Terms


Ray Sigorta AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ray Sigorta 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.

Ray Sigorta AS Cyclically Adjusted PS Ratio Chart

Ray Sigorta 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 4.29 4.70 29.02 30.31 5.79

Ray Sigorta 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 11.74 8.90 7.56 5.79 4.41

IST:RAYSG vs BRK.A, AIG, HIG: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Diversified subindustry, Ray Sigorta 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.


Ray Sigorta AS Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Ray Sigorta AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


IST:RAYSG
38GF Score
Ray Sigorta AS IST:RAYSG
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ray Sigorta 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.

Ray Sigorta AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=161.50/43.37
=3.72

* 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.

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

For example, Ray Sigorta 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)
=54.398/330.2130*330.2130
=54.398

Current CPI (Mar. 2026) = 330.2130.

Ray Sigorta AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.466 241.018 0.638
201609 0.514 241.428 0.703
201612 0.595 241.432 0.814
201703 0.570 243.801 0.772
201706 0.567 244.955 0.764
201709 0.607 246.819 0.812
201712 0.693 246.524 0.928
201803 0.608 249.554 0.805
201806 0.580 251.989 0.760
201809 0.933 252.439 1.220
201812 2.034 251.233 2.673
201903 0.905 254.202 1.176
201906 0.866 256.143 1.116
201909 1.015 256.759 1.305
201912 1.045 256.974 1.343
202003 1.143 258.115 1.462
202006 0.990 257.797 1.268
202009 1.272 260.280 1.614
202012 1.196 260.474 1.516
202103 1.479 264.877 1.844
202106 1.316 271.696 1.599
202109 1.717 274.310 2.067
202112 2.489 278.802 2.948
202203 2.115 287.504 2.429
202206 2.224 296.311 2.478
202209 3.316 296.808 3.689
202212 4.686 296.797 5.214
202303 5.889 301.836 6.443
202306 9.142 305.109 9.894
202309 9.598 307.789 10.297
202312 12.085 306.746 13.010
202403 15.252 312.332 16.125
202406 16.679 314.175 17.530
202409 26.525 315.301 27.779
202412 33.776 315.605 35.339
202503 38.213 319.799 39.457
202506 47.409 322.561 48.534
202509 53.262 324.800 54.150
202512 55.771 324.054 56.831
202603 54.398 330.213 54.398

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 3.72 mean?
Ray Sigorta AS (IST:RAYSG) has a Cyclically Adjusted PS Ratio of 3.72 as of Aug. 09, 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 Ray Sigorta AS and its competitors. This is 31% below median its historical median of 5.40. Over the past decade, Ray Sigorta AS's Cyclically Adjusted PS Ratio has ranged from 1.34 to 63.34. According to the industry distribution chart, Ray Sigorta AS ranks #359 out of 417 companies in the Insurance industry, placing it in the top 86.1%.
Is Ray Sigorta AS's Cyclically Adjusted PS Ratio too high?
Ray Sigorta AS's current Cyclically Adjusted PS Ratio of 3.72 is 31% below median its 10-year median of 5.40. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 63.34. The Insurance industry median Cyclically Adjusted PS Ratio is 1.22. Ray Sigorta AS's value of 3.72 is 204.9% above this industry median. Based on the distribution chart, Ray Sigorta AS ranks #359 out of 417 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Ray Sigorta AS has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Ray Sigorta AS's Cyclically Adjusted PS Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Ray Sigorta AS ranks #359 out of 417 companies for Cyclically Adjusted PS Ratio. This places Ray Sigorta AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.22. Ray Sigorta AS's value of 3.72 is 204.9% above this benchmark. Historically, Ray Sigorta AS's own Cyclically Adjusted PS Ratio has ranged from 1.34 to 63.34 over the past decade. While the company's 10-year median is 5.40 vs. the industry median of 1.22, Ray Sigorta 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 an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.22, based on 417 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. Ray Sigorta AS's current Cyclically Adjusted PS Ratio of 3.72 is 204.9% 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 Ray Sigorta AS and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Sigorta AS's current Cyclically Adjusted PS Ratio is 3.72, which is 31% below median its own 10-year median of 5.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Sigorta AS stock overvalued right now?
Ray Sigorta AS (IST:RAYSG) has a current Cyclically Adjusted PS Ratio of 3.72. The current Cyclically Adjusted PS Ratio is 3.72, which is 31% below median its 10-year median of 5.40 and 204.9% above the Insurance industry median of 1.22. Ray Sigorta AS's overall GF Score™ is 38/100. 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 Ray Sigorta AS (IST:RAYSG), the current Cyclically Adjusted PS Ratio is 3.72 as of Aug. 09, 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.

Ray Sigorta AS Business Description

Address Haydar Aliyev Caddesi No.28, Cumhuriyet Mahallesi, Tarabya, Istanbul, TUR, 34457
Ray Sigorta AS is a Turkey-based insurance company. It offers motor, household and health insurances. The motor insurance covers accidents such as the collision of the car with other motor or no-motor vehicles used on the road or railroad. Its household insurance secures house and goods against many risks such as fire, robbery, earthquake, and floods. The health insurance product consists of emergency health insurance, complementary health insurance, health insurance for foreigners and travel health insurance. Additionally, it also provides contracted health institutions and contracted auto services.
38GF Score

Get the complete analysis for IST:RAYSG

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

₺161.50
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