ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Cyclically Adjusted PS Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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IST:ZRGYO ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
80 GF Score
Price ₺19.84
GF Value ₺17.77
Valuation Modestly Overvalued
! 6 Warning Signs
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What is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Cyclically Adjusted PS Ratio?

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS  (IST:ZRGYO) 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Cyclically Adjusted PS Ratio Related Terms


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ZIRAAT 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Cyclically Adjusted PS Ratio Chart

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

ZIRAAT 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 0.00 0.00 0.00 0.00 0.00

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

For the REIT - Diversified subindustry, ZIRAAT 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Cyclically Adjusted PS Ratio falls into.


IST:ZRGYO
80GF Score
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZIRAAT 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS does not have a history long enough to calculate Cyclically Adjusted Revenue per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PS Ratio for this company.

Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock appears to be overvalued. The current stock price of ₺19.84 is trading 11.6% above its estimated GF Value™ of ₺17.77. GuruFocus considers ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS to be Modestly Overvalued.

Key valuation signals for IST:ZRGYO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₺17.77 vs. price of ₺19.84 (11.6% above fair value)
  • GF Score™: 80/100 with 6 warning signs

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


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Business Description

Industry Real EstateREITs
Address Sahrayi Cedit Mahallesi, Ataturk Caddesi No: 48, Kat: 8-9, Kozyatagi-Kadikoy, Istanbul, TUR, 34734
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.
80GF Score

Get the complete analysis for IST:ZRGYO

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

₺19.84
Price
₺17.77
GF Value