Vakif GayriMenkul Yatirim Ortakligi AS (IST:VKGYO) Cyclically Adjusted PS Ratio: 3.02 (As of Sep. 03, 2026) — 33% Below Median

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IST:VKGYO Vakif GayriMenkul Yatirim Ortakligi AS IST:VKGYO
58 GF Score
Price ₺1.90
GF Value ₺0.88
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Vakif GayriMenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio?

Vakif GayriMenkul Yatirim Ortakligi AS IST:VKGYO -0.52% 58 Cyclically Adjusted PS Ratio is 3.02 as of Sep. 03, 2026, which is 33% below its 10-year median of 4.54. GuruFocus rates IST:VKGYO with a GF Score™ of 58/100 and a GF Value™ of ₺0.88 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 540 REITs companies, Vakif GayriMenkul Yatirim Ortakligi AS ranks better than 75% on this metric.

As of today (2026-09-03), Vakif GayriMenkul Yatirim Ortakligi AS's current share price is ₺1.90. Vakif GayriMenkul Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₺0.63. Vakif GayriMenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio for today is 3.02.

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

IST:VKGYO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.07   Med: 4.54   Max: 16.56
Current: 3.02

During the past years, Vakif GayriMenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PS Ratio was 16.56. The lowest was 2.07. And the median was 4.54.

IST:VKGYO's Cyclically Adjusted PS Ratio is ranked better than
75% of 540 companies
in the REITs industry
Industry Median: 5.73 vs IST:VKGYO: 3.02

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.

Vakif GayriMenkul Yatirim Ortakligi AS's adjusted revenue per share data for the three months ended in Jun. 2026 was ₺0.109. 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 ₺0.63 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vakif GayriMenkul Yatirim Ortakligi AS  (IST:VKGYO) 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.


Vakif GayriMenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Related Terms


Vakif GayriMenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Vakif 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.

Vakif GayriMenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Chart

Vakif 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 9.28 5.99 3.30 2.70 3.13

Vakif GayriMenkul Yatirim Ortakligi 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 2.82 3.11 3.13 3.17 3.38

IST:VKGYO vs VICI, WPC: Cyclically Adjusted PS Ratio Comparison

For the REIT - Diversified subindustry, Vakif 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.


Vakif GayriMenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio vs REITs Industry

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

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


IST:VKGYO
58GF Score
Vakif GayriMenkul Yatirim Ortakligi AS IST:VKGYO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vakif 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.

Vakif 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
=1.90/0.63
=3.02

* 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.

Vakif GayriMenkul Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Vakif GayriMenkul Yatirim Ortakligi 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)
=0.109/333.9520*333.9520
=0.109

Current CPI (Jun. 2026) = 333.9520.

Vakif GayriMenkul Yatirim Ortakligi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 0.025 251.989 0.033
201809 0.056 252.439 0.074
201812 0.013 251.233 0.017
201903 0.002 254.202 0.003
201906 0.001 256.143 0.001
201909 0.002 256.759 0.003
201912 0.007 256.974 0.009
202003 0.013 258.115 0.017
202006 0.023 257.797 0.030
202009 0.006 260.280 0.008
202012 0.016 260.474 0.021
202103 0.013 264.877 0.016
202106 0.011 271.696 0.014
202109 0.012 274.310 0.015
202112 0.031 278.802 0.037
202203 0.074 287.504 0.086
202206 0.035 296.311 0.039
202209 0.497 296.808 0.559
202212 0.975 296.797 1.097
202303 0.039 301.836 0.043
202306 0.064 305.109 0.070
202309 0.076 307.789 0.082
202312 0.209 306.746 0.228
202403 0.475 312.332 0.508
202406 0.761 314.175 0.809
202409 0.394 315.301 0.417
202412 0.052 315.605 0.055
202503 0.202 319.799 0.211
202506 0.120 322.561 0.124
202509 0.122 324.800 0.125
202512 0.212 324.054 0.218
202603 0.146 330.213 0.148
202606 0.109 333.952 0.109

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 3.02 mean?
Vakif GayriMenkul Yatirim Ortakligi AS (IST:VKGYO) has a Cyclically Adjusted PS Ratio of 3.02 as of Sep. 03, 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 Vakif GayriMenkul Yatirim Ortakligi AS and its competitors. This is 33% below median its historical median of 4.54. Over the past decade, Vakif GayriMenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio has ranged from 2.07 to 16.56. According to the industry distribution chart, Vakif GayriMenkul Yatirim Ortakligi AS ranks #135 out of 540 companies in the REITs industry, placing it in the top 25%.
Is Vakif GayriMenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio too high?
Vakif GayriMenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio of 3.02 is 33% below median its 10-year median of 4.54. Over the past 10 years, this metric has ranged from a low of 2.07 to a high of 16.56. The REITs industry median Cyclically Adjusted PS Ratio is 5.73. Vakif GayriMenkul Yatirim Ortakligi AS's value of 3.02 is 47.3% below this industry median. Based on the distribution chart, Vakif GayriMenkul Yatirim Ortakligi AS ranks #135 out of 540 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vakif GayriMenkul Yatirim Ortakligi AS has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vakif GayriMenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, Vakif GayriMenkul Yatirim Ortakligi AS ranks #135 out of 540 companies for Cyclically Adjusted PS Ratio. This places Vakif GayriMenkul Yatirim Ortakligi AS in the top 25% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 5.73. Vakif GayriMenkul Yatirim Ortakligi AS's value of 3.02 is 47.3% below this benchmark. Historically, Vakif GayriMenkul Yatirim Ortakligi AS's own Cyclically Adjusted PS Ratio has ranged from 2.07 to 16.56 over the past decade. While the company's 10-year median is 4.54 vs. the industry median of 5.73, Vakif GayriMenkul Yatirim Ortakligi AS 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 REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.73, based on 540 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. Vakif GayriMenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio of 3.02 is 47.3% 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 Vakif GayriMenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vakif GayriMenkul Yatirim Ortakligi AS's current Cyclically Adjusted PS Ratio is 3.02, which is 33% below median its own 10-year median of 4.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vakif GayriMenkul Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Vakif GayriMenkul Yatirim Ortakligi AS (IST:VKGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺0.88, compared to a current price of ₺1.90 — trading 115.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.02, which is 33% below median its 10-year median of 4.54 and 47.3% below the REITs industry median of 5.73. Vakif GayriMenkul Yatirim Ortakligi AS's overall GF Score™ is 58/100 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 Vakif GayriMenkul Yatirim Ortakligi AS (IST:VKGYO), the current Cyclically Adjusted PS Ratio is 3.02 as of Sep. 03, 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 Vakif GayriMenkul Yatirim Ortakligi AS (IST:VKGYO) Overvalued in 2026?

Based on GuruFocus' analysis, Vakif GayriMenkul Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺1.90 is trading 115.9% above its estimated GF Value™ of ₺0.88. GuruFocus considers Vakif GayriMenkul Yatirim Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:VKGYO:

  • Cyclically Adjusted PS Ratio: 3.02 (33% below median its 10-year median of 4.54)
  • GF Value™: ₺0.88 vs. price of ₺1.90 (115.9% above fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 47.3% below the REITs median (#135 of 540)

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


Vakif GayriMenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Serifali Mah. Bayraktar, Boulevard No: 62 Umraniye, Istanbul, TUR
Vakif GayriMenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estate, capital market instruments based on real estate, buildings, land, projects based on real estates, usufruct rights established on real estate and rental income. It leases and rents commercial and office buildings in Ankara and Istanbul. Its projects include Istanbul international finance center project, Bizimtepe aydos project, and maltepe housing project.
58GF Score

Get the complete analysis for IST:VKGYO

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

₺1.90
Price
₺0.88
GF Value