Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Cyclically Adjusted PS Ratio: 2.13 (As of Aug. 24, 2026) — 53% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

IST:VAKBN Turkiye Vakiflar Bankasi TAO IST:VAKBN
75 GF Score
Price ₺30.60
GF Value ₺42.26
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Turkiye Vakiflar Bankasi TAO Cyclically Adjusted PS Ratio?

Turkiye Vakiflar Bankasi TAO IST:VAKBN +1.86% 75 Cyclically Adjusted PS Ratio is 2.13 as of Aug. 24, 2026, which is 53% above its 10-year median of 1.39. GuruFocus rates IST:VAKBN with a GF Score™ of 75/100 and a GF Value™ of ₺42.26 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,300 Banks companies, Turkiye Vakiflar Bankasi TAO ranks better than 74.08% on this metric.

As of today (2026-08-24), Turkiye Vakiflar Bankasi TAO's current share price is ₺30.60. Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₺14.40. Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio for today is 2.13.

The historical rank and industry rank for Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:VAKBN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.58   Med: 1.39   Max: 3.3
Current: 2.13

During the past years, Turkiye Vakiflar Bankasi TAO's highest Cyclically Adjusted PS Ratio was 3.30. The lowest was 0.58. And the median was 1.39.

IST:VAKBN's Cyclically Adjusted PS Ratio is ranked better than
74.08% of 1300 companies
in the Banks industry
Industry Median: 3.415 vs IST:VAKBN: 2.13

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.

Turkiye Vakiflar Bankasi TAO's adjusted revenue per share data for the three months ended in Jun. 2026 was ₺9.689. 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 ₺14.40 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turkiye Vakiflar Bankasi TAO  (IST:VAKBN) 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.


Turkiye Vakiflar Bankasi TAO Cyclically Adjusted PS Ratio Related Terms


Turkiye Vakiflar Bankasi TAO Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Turkiye Vakiflar Bankasi TAO'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.

Turkiye Vakiflar Bankasi TAO Cyclically Adjusted PS Ratio Chart

Turkiye Vakiflar Bankasi TAO 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 0.69 1.75 1.60 2.38 2.45

Turkiye Vakiflar Bankasi TAO 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 2.38 2.17 2.45 2.24 2.27

Turkiye Vakiflar Bankasi TAO Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Turkiye Vakiflar Bankasi TAO'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.


Turkiye Vakiflar Bankasi TAO Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio falls into.


IST:VAKBN
75GF Score
Turkiye Vakiflar Bankasi TAO IST:VAKBN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turkiye Vakiflar Bankasi TAO 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.

Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.60/14.40
=2.13

* 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.

Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Turkiye Vakiflar Bankasi TAO'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)
=9.689/333.9520*333.9520
=9.689

Current CPI (Jun. 2026) = 333.9520.

Turkiye Vakiflar Bankasi TAO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.146 241.428 1.585
201612 1.078 241.432 1.491
201703 1.382 243.801 1.893
201706 1.274 244.955 1.737
201709 1.168 246.819 1.580
201712 1.205 246.524 1.632
201803 1.409 249.554 1.886
201806 1.500 251.989 1.988
201809 2.130 252.439 2.818
201812 1.538 251.233 2.044
201903 1.641 254.202 2.156
201906 1.657 256.143 2.160
201909 2.024 256.759 2.633
201912 2.266 256.974 2.945
202003 2.472 258.115 3.198
202006 2.116 257.797 2.741
202009 1.557 260.280 1.998
202012 1.323 260.474 1.696
202103 0.903 264.877 1.138
202106 1.202 271.696 1.477
202109 1.504 274.310 1.831
202112 2.537 278.802 3.039
202203 1.840 287.504 2.137
202206 2.883 296.311 3.249
202209 3.508 296.808 3.947
202212 5.908 296.797 6.648
202303 3.175 301.836 3.513
202306 2.792 305.109 3.056
202309 3.473 307.789 3.768
202312 4.158 306.746 4.527
202403 2.815 312.332 3.010
202406 5.137 314.175 5.460
202409 4.896 315.301 5.186
202412 6.029 315.605 6.379
202503 5.848 319.799 6.107
202506 7.515 322.561 7.780
202509 6.915 324.800 7.110
202512 8.670 324.054 8.935
202603 7.742 330.213 7.830
202606 9.689 333.952 9.689

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 2.13 mean?
Turkiye Vakiflar Bankasi TAO (IST:VAKBN) has a Cyclically Adjusted PS Ratio of 2.13 as of Aug. 24, 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 Turkiye Vakiflar Bankasi TAO and its competitors. This is 53% above median its historical median of 1.39. Over the past decade, Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio has ranged from 0.58 to 3.30. According to the industry distribution chart, Turkiye Vakiflar Bankasi TAO ranks #337 out of 1300 companies in the Banks industry, placing it in the top 25.9%.
Is Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio too high?
Turkiye Vakiflar Bankasi TAO's current Cyclically Adjusted PS Ratio of 2.13 is 53% above median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 3.30. The Banks industry median Cyclically Adjusted PS Ratio is 3.42. Turkiye Vakiflar Bankasi TAO's value of 2.13 is 37.6% below this industry median. Based on the distribution chart, Turkiye Vakiflar Bankasi TAO ranks #337 out of 1300 companies in the Banks industry, which is above the industry midpoint. Overall, Turkiye Vakiflar Bankasi TAO has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turkiye Vakiflar Bankasi TAO's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Turkiye Vakiflar Bankasi TAO ranks #337 out of 1300 companies for Cyclically Adjusted PS Ratio. This puts Turkiye Vakiflar Bankasi TAO in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.42. Turkiye Vakiflar Bankasi TAO's value of 2.13 is 37.6% below this benchmark. Historically, Turkiye Vakiflar Bankasi TAO's own Cyclically Adjusted PS Ratio has ranged from 0.58 to 3.30 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 3.42, Turkiye Vakiflar Bankasi TAO has consistently been below 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 Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.42, based on 1,300 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. Turkiye Vakiflar Bankasi TAO's current Cyclically Adjusted PS Ratio of 2.13 is 37.6% below 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 Turkiye Vakiflar Bankasi TAO and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkiye Vakiflar Bankasi TAO's current Cyclically Adjusted PS Ratio is 2.13, which is 53% above median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Vakiflar Bankasi TAO stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Vakiflar Bankasi TAO (IST:VAKBN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺42.26, compared to a current price of ₺30.60 — trading 27.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.13, which is 53% above median its 10-year median of 1.39 and 37.6% below the Banks industry median of 3.42. Turkiye Vakiflar Bankasi TAO's overall GF Score™ is 75/100 with 3 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 Turkiye Vakiflar Bankasi TAO (IST:VAKBN), the current Cyclically Adjusted PS Ratio is 2.13 as of Aug. 24, 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 Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Overvalued in 2026?

Based on GuruFocus' analysis, Turkiye Vakiflar Bankasi TAO stock appears to be undervalued. The current stock price of ₺30.60 is trading 27.6% below its estimated GF Value™ of ₺42.26. GuruFocus considers Turkiye Vakiflar Bankasi TAO to be Modestly Undervalued.

Key valuation signals for IST:VAKBN:

  • Cyclically Adjusted PS Ratio: 2.13 (53% above median its 10-year median of 1.39)
  • GF Value™: ₺42.26 vs. price of ₺30.60 (27.6% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 37.6% below the Banks median (#337 of 1300)

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


Turkiye Vakiflar Bankasi TAO Business Description

Address Finans Street No: 40/1, Finanskent Neighborhood, Umraniye, Istanbul, TUR, 34768
Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, and financial leasing, as well as factoring, among other activities.
75GF Score

Get the complete analysis for IST:VAKBN

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

₺30.60
Price
₺42.26
GF Value