TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) Cyclically Adjusted PS Ratio: 3.11 (As of Sep. 01, 2026) — 46% Above Median

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IST:TRENJ TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS IST:TRENJ
71 GF Score
Price ₺106.90
GF Value ₺96.88
Valuation Fairly Valued
! 2 Warning Signs
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What is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Cyclically Adjusted PS Ratio?

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS IST:TRENJ -1.29% 71 Cyclically Adjusted PS Ratio is 3.11 as of Sep. 01, 2026, which is 46% above its 10-year median of 2.13. GuruFocus rates IST:TRENJ with a GF Score™ of 71/100 and a GF Value™ of ₺96.88 (Fairly Valued). The stock has 2 warning signs investors should review. Among 575 Metals & Mining companies, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks worse than 59.48% on this metric.

As of today (2026-09-01), TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current share price is ₺106.90. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₺34.42. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio for today is 3.11.

The historical rank and industry rank for TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:TRENJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.97   Med: 2.13   Max: 4.28
Current: 3.15

During the past years, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's highest Cyclically Adjusted PS Ratio was 4.28. The lowest was 0.97. And the median was 2.13.

IST:TRENJ's Cyclically Adjusted PS Ratio is ranked worse than
59.48% of 575 companies
in the Metals & Mining industry
Industry Median: 2.38 vs IST:TRENJ: 3.15

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.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's adjusted revenue per share data for the three months ended in Jun. 2026 was ₺18.888. 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 ₺34.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS  (IST:TRENJ) 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.


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Cyclically Adjusted PS Ratio Related Terms


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Cyclically Adjusted PS Ratio Chart

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 1.73 2.84 1.92 2.50 3.27

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 2.40 2.65 3.27 2.83 2.51

IST:TRENJ vs NEM, AU, RGLD: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio falls into.


IST:TRENJ
71GF Score
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS IST:TRENJ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=106.90/34.42
=3.11

* 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.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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)
=18.888/333.9520*333.9520
=18.888

Current CPI (Jun. 2026) = 333.9520.

TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.128 241.428 1.560
201612 1.084 241.432 1.499
201703 0.959 243.801 1.314
201706 1.026 244.955 1.399
201709 1.040 246.819 1.407
201712 0.965 246.524 1.307
201803 0.832 249.554 1.113
201806 1.765 251.989 2.339
201809 1.834 252.439 2.426
201812 2.001 251.233 2.660
201903 1.873 254.202 2.461
201906 2.441 256.143 3.183
201909 3.237 256.759 4.210
201912 3.721 256.974 4.836
202003 2.759 258.115 3.570
202006 2.848 257.797 3.689
202009 3.510 260.280 4.504
202012 3.699 260.474 4.742
202103 3.385 264.877 4.268
202106 4.485 271.696 5.513
202109 3.565 274.310 4.340
202112 4.564 278.802 5.467
202203 5.640 287.504 6.551
202206 5.095 296.311 5.742
202209 7.763 296.808 8.734
202212 26.189 296.797 29.468
202303 11.422 301.836 12.637
202306 10.249 305.109 11.218
202309 13.240 307.789 14.365
202312 9.945 306.746 10.827
202403 16.024 312.332 17.133
202406 11.184 314.175 11.888
202409 10.359 315.301 10.972
202412 5.987 315.605 6.335
202503 22.188 319.799 23.170
202506 15.827 322.561 16.386
202509 21.798 324.800 22.412
202512 14.258 324.054 14.694
202603 34.574 330.213 34.965
202606 18.888 333.952 18.888

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 3.11 mean?
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) has a Cyclically Adjusted PS Ratio of 3.11 as of Sep. 01, 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS and its competitors. This is 46% above median its historical median of 2.13. Over the past decade, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio has ranged from 0.97 to 4.28. According to the industry distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #342 out of 575 companies in the Metals & Mining industry, placing it in the top 59.5%.
Is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio too high?
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Cyclically Adjusted PS Ratio of 3.11 is 46% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 4.28. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.38. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's value of 3.11 is 30.7% above this industry median. Based on the distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #342 out of 575 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's Cyclically Adjusted PS Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS ranks #342 out of 575 companies for Cyclically Adjusted PS Ratio. This places TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.38. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's value of 3.11 is 30.7% above this benchmark. Historically, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's own Cyclically Adjusted PS Ratio has ranged from 0.97 to 4.28 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 2.38, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim 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 Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.38, based on 575 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. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Cyclically Adjusted PS Ratio of 3.11 is 30.7% 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's current Cyclically Adjusted PS Ratio is 3.11, which is 46% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS stock overvalued right now?
Based on GuruFocus' analysis, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) is currently considered Fairly Valued. The stock's GF Value™ is ₺96.88, compared to a current price of ₺106.90 — trading 10.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.11, which is 46% above median its 10-year median of 2.13 and 30.7% above the Metals & Mining industry median of 2.38. TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS's overall GF Score™ is 71/100 with 2 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ), the current Cyclically Adjusted PS Ratio is 3.11 as of Sep. 01, 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 TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS (IST:TRENJ) Overvalued in 2026?

Based on GuruFocus' analysis, TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS stock appears to be overvalued. The current stock price of ₺106.90 is trading 10.3% above its estimated GF Value™ of ₺96.88. GuruFocus considers TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS to be Fairly Valued.

Key valuation signals for IST:TRENJ:

  • Cyclically Adjusted PS Ratio: 3.11 (46% above median its 10-year median of 2.13)
  • GF Value™: ₺96.88 vs. price of ₺106.90 (10.3% above fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 30.7% above the Metals & Mining median (#342 of 575)

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


TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS Business Description

Address Necatibey Cad. No :56/B, Demirtepe, Ankara, TUR
TR Dogal Enerji Kaynaklari Arastirma Ve Uretim AS, formerly Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS is engaged in the gold mining. It operates seven mines in five regions. The company generates the majority of its revenue from the sale of gold bullion, followed by other revenue and the sale of silver bullion.
71GF Score

Get the complete analysis for IST:TRENJ

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

₺106.90
Price
₺96.88
GF Value