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IST:TRGYO's Cyclically Adjusted PS Ratio is ranked worse than 94.64% of 541
companies
in the REITs industry
Industry Median: 5.78
vs IST:TRGYO: 16.26
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.
Torunlar Gayrimenkul Yatirim Ortakligi AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺3.357. 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 ₺5.75 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) 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.
Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Related Terms
Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Historical Data
* 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.
Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Chart
Torunlar Gayrimenkul Yatirim Ortakligi AS Annual Data
IST:TRGYO vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison
For the REIT - Diversified subindustry, Torunlar Gayrimenkul Yatirim Ortakligi 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.
Torunlar Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio vs REITs Industry
Torunlar Gayrimenkul Yatirim Ortakligi 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.
* 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.
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 16.43 mean?
Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) has a Cyclically Adjusted PS Ratio of 16.43 as of Aug. 19, 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 Torunlar Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 107% above median its historical median of 7.95. Over the past decade, Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio has ranged from 2.24 to 22.29. According to the industry distribution chart, Torunlar Gayrimenkul Yatirim Ortakligi AS ranks #512 out of 541 companies in the REITs industry, placing it in the top 94.6%.
Is Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio too high?
Torunlar Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio of 16.43 is 107% above median its 10-year median of 7.95. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 22.29. The REITs industry median Cyclically Adjusted PS Ratio is 5.78. Torunlar Gayrimenkul Yatirim Ortakligi AS's value of 16.43 is 184.3% above this industry median. Based on the distribution chart, Torunlar Gayrimenkul Yatirim Ortakligi AS ranks #512 out of 541 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Torunlar Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Torunlar Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Torunlar Gayrimenkul Yatirim Ortakligi AS ranks #512 out of 541 companies for Cyclically Adjusted PS Ratio. This places Torunlar Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.78. Torunlar Gayrimenkul Yatirim Ortakligi AS's value of 16.43 is 184.3% above this benchmark. Historically, Torunlar Gayrimenkul Yatirim Ortakligi AS's own Cyclically Adjusted PS Ratio has ranged from 2.24 to 22.29 over the past decade. While the company's 10-year median is 7.95 vs. the industry median of 5.78, Torunlar Gayrimenkul Yatirim Ortakligi 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 REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.78, based on 541 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. Torunlar Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio of 16.43 is 184.3% 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 Torunlar Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Torunlar Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio is 16.43, which is 107% above median its own 10-year median of 7.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Torunlar Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺80.41, compared to a current price of ₺94.45 — trading 17.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 16.43, which is 107% above median its 10-year median of 7.95 and 184.3% above the REITs industry median of 5.78. Torunlar Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 88/100 with 4 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 Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO), the current Cyclically Adjusted PS Ratio is 16.43 as of Aug. 19, 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 Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Overvalued in 2026?
Based on GuruFocus' analysis, Torunlar Gayrimenkul Yatirim Ortakligi AS stock appears to be overvalued.
The current stock price of ₺94.45 is trading 17.5% above its estimated GF Value™ of ₺80.41.
GuruFocus considers Torunlar Gayrimenkul Yatirim Ortakligi AS to be Modestly Overvalued.
Key valuation signals for IST:TRGYO:
Cyclically Adjusted PS Ratio: 16.43 (107% above median its 10-year median of 7.95)
GF Value™: ₺80.41 vs. price of ₺94.45 (17.5% above fair value)
Industry Position: 184.3% above the REITs median (#512 of 541)
No single metric tells the full story. See the IST:TRGYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Torunlar Gayrimenkul Yatirim Ortakligi AS is engaged in developing living centers, including shopping malls, residences, offices, and hotels, with a focus on people and their lives. Its objective is to invest in retail, residential, entertainment, and office real estate development projects. The group operates in all phases of project development and management, including fundraising, land acquisition, project financing, permitting, design, construction supervision, sales, and marketing. It also undertakes post-project activities such as tenant mix and rent management, rent restructuring, renovation and expansion work, and other activities aimed at maximizing visitor traffic, occupancy rates, and rental income in shopping malls.
88GF Score
Get the complete analysis for IST:TRGYO
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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