Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Tupras-Turkiye Petrol Rafineleri ASIST:TUPRS +0.65%75 Cyclically Adjusted PS Ratio is 1.22 as of Jul. 22, 2026, which is 53% above its 10-year median of 0.80. GuruFocus rates IST:TUPRS with a GF Score™ of 75/100 and a GF Value™ of ₺153.26 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 707 Oil & Gas companies, Tupras-Turkiye Petrol Rafineleri AS ranks worse than 54.46% on this metric.
The historical rank and industry rank for Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio or its related term are showing as below:
IST:TUPRS'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.8 Max: 1.5
Current: 1.21
During the past years, Tupras-Turkiye Petrol Rafineleri AS's highest Cyclically Adjusted PS Ratio was 1.50. The lowest was 0.33. And the median was 0.80.
IST:TUPRS's Cyclically Adjusted PS Ratio is ranked worse than 54.46% of 707
companies
in the Oil & Gas industry
Industry Median: 1.04
vs IST:TUPRS: 1.21
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.
Tupras-Turkiye Petrol Rafineleri AS's adjusted revenue per share data for the three months ended in Mar. 2026 was ₺134.033. 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 ₺253.31 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) 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.
Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio Related Terms
Tupras-Turkiye Petrol Rafineleri 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.
Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio Chart
IST:TUPRS vs VLO, MPC, PSX: Cyclically Adjusted PS Ratio Comparison
For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.
Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio falls into.
Tupras-Turkiye Petrol Rafineleri 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 1.22 mean?
Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) has a Cyclically Adjusted PS Ratio of 1.22 as of Jul. 22, 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. This is 53% above median its historical median of 0.80. Over the past decade, Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.50. According to the industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #385 out of 707 companies in the Oil & Gas industry, placing it in the top 54.5%.
Is Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio too high?
Tupras-Turkiye Petrol Rafineleri AS's current Cyclically Adjusted PS Ratio of 1.22 is 53% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.50. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.04. Tupras-Turkiye Petrol Rafineleri AS's value of 1.22 is 17.3% above this industry median. Based on the distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #385 out of 707 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #385 out of 707 companies for Cyclically Adjusted PS Ratio. This places Tupras-Turkiye Petrol Rafineleri AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. Tupras-Turkiye Petrol Rafineleri AS's value of 1.22 is 17.3% above this benchmark. Historically, Tupras-Turkiye Petrol Rafineleri AS's own Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.50 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.04, Tupras-Turkiye Petrol Rafineleri 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 Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.04, based on 707 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. Tupras-Turkiye Petrol Rafineleri AS's current Cyclically Adjusted PS Ratio of 1.22 is 17.3% 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tupras-Turkiye Petrol Rafineleri AS's current Cyclically Adjusted PS Ratio is 1.22, which is 53% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tupras-Turkiye Petrol Rafineleri AS stock overvalued right now?
Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺153.26, compared to a current price of ₺309.50 — trading 101.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.22, which is 53% above median its 10-year median of 0.80 and 17.3% above the Oil & Gas industry median of 1.04. Tupras-Turkiye Petrol Rafineleri AS's overall GF Score™ is 75/100 with 8 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS), the current Cyclically Adjusted PS Ratio is 1.22 as of Jul. 22, 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 Tupras-Turkiye Petrol Rafineleri AS (IST:TUPRS) Overvalued in 2026?
Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued.
The current stock price of ₺309.50 is trading 101.9% above its estimated GF Value™ of ₺153.26.
GuruFocus considers Tupras-Turkiye Petrol Rafineleri AS to be Significantly Overvalued.
Key valuation signals for IST:TUPRS:
Cyclically Adjusted PS Ratio: 1.22 (53% above median its 10-year median of 0.80)
GF Value™: ₺153.26 vs. price of ₺309.50 (101.9% above fair value)
Industry Position: 17.3% above the Oil & Gas median (#385 of 707)
No single metric tells the full story. See the IST:TUPRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tupras-Turkiye Petrol Rafineleri AS Business Description
Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.
75GF Score
Get the complete analysis for IST:TUPRS
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IST:TUPRS has been successfully added to your 
