Turkcell Iletisim Hizmetleri AS (IST:TCELL) Cyclically Adjusted PS Ratio: 1.98 (As of Jul. 15, 2026) — Near Median

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IST:TCELL Turkcell Iletisim Hizmetleri AS IST:TCELL
92 GF Score
Price ₺110.20
GF Value ₺106.22
Valuation Fairly Valued
! 5 Warning Signs
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What is Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio?

Turkcell Iletisim Hizmetleri AS IST:TCELL +1.10% 92 Cyclically Adjusted PS Ratio is 1.98 as of Jul. 15, 2026, which is 2% below its 10-year median of 2.02. GuruFocus rates IST:TCELL with a GF Score™ of 92/100 and a GF Value™ of ₺106.22 (Fairly Valued). The stock has 5 warning signs investors should review. Among 301 Telecommunication Services companies, Turkcell Iletisim Hizmetleri AS ranks worse than 67.77% on this metric.

As of today (2026-07-15), Turkcell Iletisim Hizmetleri AS's current share price is ₺110.20. Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺55.67. Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio for today is 1.98.

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

IST:TCELL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1   Med: 2.02   Max: 3.19
Current: 1.98

During the past years, Turkcell Iletisim Hizmetleri AS's highest Cyclically Adjusted PS Ratio was 3.19. The lowest was 1.00. And the median was 2.02.

IST:TCELL's Cyclically Adjusted PS Ratio is ranked worse than
67.77% of 301 companies
in the Telecommunication Services industry
Industry Median: 1.15 vs IST:TCELL: 1.98

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.

Turkcell Iletisim Hizmetleri AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺31.426. 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 ₺55.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turkcell Iletisim Hizmetleri AS  (IST:TCELL) 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.


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio Related Terms


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Turkcell Iletisim Hizmetleri 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.

Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio Chart

Turkcell Iletisim Hizmetleri 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 1.24 1.77 1.85 2.31 1.80

Turkcell Iletisim Hizmetleri 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 2.21 2.09 2.00 1.80 1.90

IST:TCELL vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Turkcell Iletisim Hizmetleri 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.


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio falls into.


IST:TCELL
92GF Score
Turkcell Iletisim Hizmetleri AS IST:TCELL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Turkcell Iletisim Hizmetleri 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.

Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=110.20/55.67
=1.98

* 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.

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

For example, Turkcell Iletisim Hizmetleri 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)
=31.426/330.2130*330.2130
=31.426

Current CPI (Mar. 2026) = 330.2130.

Turkcell Iletisim Hizmetleri AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.533 241.018 2.100
201609 1.575 241.428 2.154
201612 1.749 241.432 2.392
201703 1.856 243.801 2.514
201706 1.962 244.955 2.645
201709 2.067 246.819 2.765
201712 2.160 246.524 2.893
201803 2.187 249.554 2.894
201806 2.337 251.989 3.062
201809 2.643 252.439 3.457
201812 2.570 251.233 3.378
201903 2.596 254.202 3.372
201906 2.795 256.143 3.603
201909 3.042 256.759 3.912
201912 3.065 256.974 3.939
202003 3.052 258.115 3.905
202006 3.171 257.797 4.062
202009 3.475 260.280 4.409
202012 22.111 260.474 28.031
202103 3.613 264.877 4.504
202106 3.919 271.696 4.763
202109 4.255 274.310 5.122
202112 38.053 278.802 45.070
202203 4.929 287.504 5.661
202206 5.707 296.311 6.360
202209 6.732 296.808 7.490
202212 44.290 296.797 49.277
202303 12.281 301.836 13.436
202306 16.226 305.109 17.561
202309 17.227 307.789 18.482
202312 42.904 306.746 46.186
202403 19.538 312.332 20.657
202406 21.638 314.175 22.743
202409 24.586 315.301 25.749
202412 29.936 315.605 31.322
202503 28.789 319.799 29.726
202506 24.362 322.561 24.940
202509 27.355 324.800 27.811
202512 32.310 324.054 32.924
202603 31.426 330.213 31.426

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 1.98 mean?
Turkcell Iletisim Hizmetleri AS (IST:TCELL) has a Cyclically Adjusted PS Ratio of 1.98 as of Jul. 15, 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 Turkcell Iletisim Hizmetleri AS and its competitors. This is near median its historical median of 2.02. Over the past decade, Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio has ranged from 1.00 to 3.19. According to the industry distribution chart, Turkcell Iletisim Hizmetleri AS ranks #204 out of 301 companies in the Telecommunication Services industry, placing it in the top 67.8%.
Is Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio too high?
Turkcell Iletisim Hizmetleri AS's current Cyclically Adjusted PS Ratio of 1.98 is near median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.19. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.15. Turkcell Iletisim Hizmetleri AS's value of 1.98 is 72.2% above this industry median. Based on the distribution chart, Turkcell Iletisim Hizmetleri AS ranks #204 out of 301 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Turkcell Iletisim Hizmetleri AS has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Turkcell Iletisim Hizmetleri AS ranks #204 out of 301 companies for Cyclically Adjusted PS Ratio. This places Turkcell Iletisim Hizmetleri AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.15. Turkcell Iletisim Hizmetleri AS's value of 1.98 is 72.2% above this benchmark. Historically, Turkcell Iletisim Hizmetleri AS's own Cyclically Adjusted PS Ratio has ranged from 1.00 to 3.19 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.15, Turkcell Iletisim Hizmetleri 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.15, based on 301 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. Turkcell Iletisim Hizmetleri AS's current Cyclically Adjusted PS Ratio of 1.98 is 72.2% 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 Turkcell Iletisim Hizmetleri AS and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkcell Iletisim Hizmetleri AS's current Cyclically Adjusted PS Ratio is 1.98, which is near median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkcell Iletisim Hizmetleri AS stock overvalued right now?
Based on GuruFocus' analysis, Turkcell Iletisim Hizmetleri AS (IST:TCELL) is currently considered Fairly Valued. The stock's GF Value™ is ₺106.22, compared to a current price of ₺110.20 — trading 3.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.98, which is near median its 10-year median of 2.02 and 72.2% above the Telecommunication Services industry median of 1.15. Turkcell Iletisim Hizmetleri AS's overall GF Score™ is 92/100 with 5 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 Turkcell Iletisim Hizmetleri AS (IST:TCELL), the current Cyclically Adjusted PS Ratio is 1.98 as of Jul. 15, 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 Turkcell Iletisim Hizmetleri AS (IST:TCELL) Overvalued in 2026?

Based on GuruFocus' analysis, Turkcell Iletisim Hizmetleri AS stock appears to be overvalued. The current stock price of ₺110.20 is trading 3.7% above its estimated GF Value™ of ₺106.22. GuruFocus considers Turkcell Iletisim Hizmetleri AS to be Fairly Valued.

Key valuation signals for IST:TCELL:

  • Cyclically Adjusted PS Ratio: 1.98 (near median its 10-year median of 2.02)
  • GF Value™: ₺106.22 vs. price of ₺110.20 (3.7% above fair value)
  • GF Score™: 92/100 with 5 warning signs
  • Industry Position: 72.2% above the Telecommunication Services median (#204 of 301)

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


Turkcell Iletisim Hizmetleri AS Business Description

Address Aydinevler Mahallesi Ismet Inonu Caddesi No. 20, Kucukyali Ofispark B Blok, Turkcell Kucukyali Plaza, Maltepe, Istanbul, TUR, 34854
Turkcell Iletisim Hizmetleri AS provides mobile telephone services in Turkey. The firm's services portfolio includes mobile and fixed voice, data, TV, and digital services over its network. The firm also operates in the Turkish Republic of Northern Cyprus, Belarus, the Netherlands, and Ukraine. It has three main reportable segments: Turkcell Turkiye, Techfin, and Other. The Turkcell Turkiye segment, which derives the majority of revenue, comprises mainly telecommunication and technology services activities.
92GF Score

Get the complete analysis for IST:TCELL

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

₺110.20
Price
₺106.22
GF Value