TSKB Gayrimenkul Yatirim Ortakligi AS (IST:TSGYO) Cyclically Adjusted PS Ratio: 36.25 (As of Jul. 31, 2026) — 31% Below Median

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IST:TSGYO TSKB Gayrimenkul Yatirim Ortakligi AS IST:TSGYO
63 GF Score
Price ₺5.80
GF Value ₺9.26
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is TSKB Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio?

TSKB Gayrimenkul Yatirim Ortakligi AS IST:TSGYO -3.01% 63 Cyclically Adjusted PS Ratio is 36.25 as of Jul. 31, 2026, which is 31% below its 10-year median of 52.25. GuruFocus rates IST:TSGYO with a GF Score™ of 63/100 and a GF Value™ of ₺9.26 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 546 REITs companies, TSKB Gayrimenkul Yatirim Ortakligi AS ranks worse than 99.08% on this metric.

As of today (2026-07-31), TSKB Gayrimenkul Yatirim Ortakligi AS's current share price is ₺5.80. TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₺0.16. TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio for today is 36.25.

The historical rank and industry rank for TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:TSGYO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.48   Med: 52.25   Max: 179.18
Current: 37.32

During the past years, TSKB Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PS Ratio was 179.18. The lowest was 5.48. And the median was 52.25.

IST:TSGYO's Cyclically Adjusted PS Ratio is ranked worse than
99.08% of 546 companies
in the REITs industry
Industry Median: 5.895 vs IST:TSGYO: 37.32

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.

TSKB Gayrimenkul Yatirim Ortakligi AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺0.099. 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 ₺0.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TSKB Gayrimenkul Yatirim Ortakligi AS  (IST:TSGYO) 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.


TSKB Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Related Terms


TSKB Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TSKB Gayrimenkul Yatirim Ortakligi 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.

TSKB Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Chart

TSKB Gayrimenkul Yatirim Ortakligi 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 44.31 66.06 63.14 56.13 44.10

TSKB Gayrimenkul Yatirim Ortakligi 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 55.24 46.20 53.05 44.10 39.08

IST:TSGYO vs BXP, ARE, VNO: Cyclically Adjusted PS Ratio Comparison

For the REIT - Office subindustry, TSKB 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.


TSKB Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio falls into.


IST:TSGYO
63GF Score
TSKB Gayrimenkul Yatirim Ortakligi AS IST:TSGYO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSKB 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.

TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.80/0.16
=36.25

* 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.

TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, TSKB Gayrimenkul Yatirim Ortakligi 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)
=0.099/330.2130*330.2130
=0.099

Current CPI (Mar. 2026) = 330.2130.

TSKB Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.017 241.018 0.023
201609 0.017 241.428 0.023
201612 0.018 241.432 0.025
201703 0.020 243.801 0.027
201706 0.019 244.955 0.026
201709 0.019 246.819 0.025
201712 0.020 246.524 0.027
201803 0.024 249.554 0.032
201806 0.023 251.989 0.030
201809 0.021 252.439 0.027
201812 0.015 251.233 0.020
201903 0.014 254.202 0.018
201906 0.014 256.143 0.018
201909 0.011 256.759 0.014
201912 0.012 256.974 0.015
202003 0.012 258.115 0.015
202006 0.009 257.797 0.012
202009 0.012 260.280 0.015
202012 0.009 260.474 0.011
202103 0.010 264.877 0.012
202106 0.011 271.696 0.013
202109 0.017 274.310 0.020
202112 0.013 278.802 0.015
202203 0.015 287.504 0.017
202206 0.015 296.311 0.017
202209 0.016 296.808 0.018
202212 0.098 296.797 0.109
202303 0.052 301.836 0.057
202306 0.049 305.109 0.053
202309 0.047 307.789 0.050
202312 0.077 306.746 0.083
202403 0.069 312.332 0.073
202406 0.068 314.175 0.071
202409 0.064 315.301 0.067
202412 0.110 315.605 0.115
202503 0.100 319.799 0.103
202506 0.072 322.561 0.074
202509 0.073 324.800 0.074
202512 0.099 324.054 0.101
202603 0.099 330.213 0.099

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 36.25 mean?
TSKB Gayrimenkul Yatirim Ortakligi AS (IST:TSGYO) has a Cyclically Adjusted PS Ratio of 36.25 as of Jul. 31, 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 TSKB Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 31% below median its historical median of 52.25. Over the past decade, TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio has ranged from 5.48 to 179.18. According to the industry distribution chart, TSKB Gayrimenkul Yatirim Ortakligi AS ranks #541 out of 546 companies in the REITs industry, placing it in the top 99.1%.
Is TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio too high?
TSKB Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio of 36.25 is 31% below median its 10-year median of 52.25. Over the past 10 years, this metric has ranged from a low of 5.48 to a high of 179.18. The REITs industry median Cyclically Adjusted PS Ratio is 5.90. TSKB Gayrimenkul Yatirim Ortakligi AS's value of 36.25 is 514.9% above this industry median. Based on the distribution chart, TSKB Gayrimenkul Yatirim Ortakligi AS ranks #541 out of 546 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, TSKB Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TSKB Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio compare to BXP and ARE?
According to the REITs industry distribution chart, TSKB Gayrimenkul Yatirim Ortakligi AS ranks #541 out of 546 companies for Cyclically Adjusted PS Ratio. This places TSKB Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.90. TSKB Gayrimenkul Yatirim Ortakligi AS's value of 36.25 is 514.9% above this benchmark. Historically, TSKB Gayrimenkul Yatirim Ortakligi AS's own Cyclically Adjusted PS Ratio has ranged from 5.48 to 179.18 over the past decade. While the company's 10-year median is 52.25 vs. the industry median of 5.90, TSKB 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 5.90, based on 546 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. TSKB Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio of 36.25 is 514.9% 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 TSKB Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSKB Gayrimenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio is 36.25, which is 31% below median its own 10-year median of 52.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSKB Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, TSKB Gayrimenkul Yatirim Ortakligi AS (IST:TSGYO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺9.26, compared to a current price of ₺5.80 — trading 37.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 36.25, which is 31% below median its 10-year median of 52.25 and 514.9% above the REITs industry median of 5.90. TSKB Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 63/100 with 6 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 TSKB Gayrimenkul Yatirim Ortakligi AS (IST:TSGYO), the current Cyclically Adjusted PS Ratio is 36.25 as of Jul. 31, 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 TSKB Gayrimenkul Yatirim Ortakligi AS (IST:TSGYO) Overvalued in 2026?

Based on GuruFocus' analysis, TSKB Gayrimenkul Yatirim Ortakligi AS stock appears to be undervalued. The current stock price of ₺5.80 is trading 37.4% below its estimated GF Value™ of ₺9.26. GuruFocus considers TSKB Gayrimenkul Yatirim Ortakligi AS to be Possible Value Trap.

Key valuation signals for IST:TSGYO:

  • Cyclically Adjusted PS Ratio: 36.25 (31% below median its 10-year median of 52.25)
  • GF Value™: ₺9.26 vs. price of ₺5.80 (37.4% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 514.9% above the REITs median (#541 of 546)

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


TSKB Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Meclisi Mebusan Cad, Mollabayırı Sok. No:1, Fındıklı, Instanbul, TUR, 34427
TSKB Gayrimenkul Yatirim Ortakligi AS is a portfolio management company that invests in real estate and real estate projects. The company focuses to create and develop a profitable real estate portfolio in order to provide high returns to its shareholders. It invests in real estate properties, real estate-based capital market instruments, real estate projects, real estate-based rights and capital market instruments. Geographically the business activities are carried out through the region of Turkey.
63GF Score

Get the complete analysis for IST:TSGYO

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

₺5.80
Price
₺9.26
GF Value