KOZAY (Turk Altin Isletmeleri AS) Cyclically Adjusted PS Ratio: 27.30 (As of Aug. 06, 2026) — 109% 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.

KOZAY Turk Altin Isletmeleri AS KOZAY
81 GF Score
Price $10.10
GF Value $8.57
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio?

Turk Altin Isletmeleri AS KOZAY 81 Cyclically Adjusted PS Ratio is 27.30 as of Aug. 06, 2026, which is 109% above its 10-year median of 13.08. GuruFocus rates KOZAY with a GF Score™ of 81/100 and a GF Value™ of $8.57 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 576 Metals & Mining companies, Turk Altin Isletmeleri AS ranks worse than 93.06% on this metric.

As of today (2026-08-06), Turk Altin Isletmeleri AS's current share price is $10.10. Turk Altin Isletmeleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $0.37. Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio for today is 27.30.

The historical rank and industry rank for Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

KOZAY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.66   Med: 13.08   Max: 36.94
Current: 19.8

During the past years, Turk Altin Isletmeleri AS's highest Cyclically Adjusted PS Ratio was 36.94. The lowest was 6.66. And the median was 13.08.

KOZAY's Cyclically Adjusted PS Ratio is ranked worse than
93.06% of 576 companies
in the Metals & Mining industry
Industry Median: 2.12 vs KOZAY: 19.80

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.

Turk Altin Isletmeleri AS's adjusted revenue per share data for the three months ended in Mar. 2026 was $0.629. 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 $0.37 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turk Altin Isletmeleri AS  (OTCPK:KOZAY) 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.


Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio Related Terms


Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Turk Altin Isletmeleri 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.

Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio Chart

Turk Altin Isletmeleri 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 9.20 28.48 15.22 14.00 18.89

Turk Altin Isletmeleri 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 16.10 12.69 12.17 18.89 16.89

KOZAY vs NEM, AU, RGLD: Cyclically Adjusted PS Ratio Comparison

For the Gold subindustry, Turk Altin Isletmeleri 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.


Turk Altin Isletmeleri AS Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio falls into.


KOZAY
81GF Score
Turk Altin Isletmeleri AS KOZAY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turk Altin Isletmeleri 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.

Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.10/0.37
=27.30

* 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.

Turk Altin Isletmeleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Turk Altin Isletmeleri 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)
=0.629/330.2130*330.2130
=0.629

Current CPI (Mar. 2026) = 330.2130.

Turk Altin Isletmeleri AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.251 241.018 0.344
201609 0.285 241.428 0.390
201612 0.240 241.432 0.328
201703 0.208 243.801 0.282
201706 0.221 244.955 0.298
201709 0.213 246.819 0.285
201712 0.192 246.524 0.257
201803 0.164 249.554 0.217
201806 0.297 251.989 0.389
201809 0.227 252.439 0.297
201812 0.297 251.233 0.390
201903 0.267 254.202 0.347
201906 0.327 256.143 0.422
201909 0.449 256.759 0.577
201912 0.507 256.974 0.651
202003 0.343 258.115 0.439
202006 0.330 257.797 0.423
202009 0.370 260.280 0.469
202012 0.380 260.474 0.482
202103 0.345 264.877 0.430
202106 0.407 271.696 0.495
202109 0.325 274.310 0.391
202112 0.263 278.802 0.311
202203 0.301 287.504 0.346
202206 0.234 296.311 0.261
202209 0.336 296.808 0.374
202212 1.098 296.797 1.222
202303 0.466 301.836 0.510
202306 0.333 305.109 0.360
202309 0.375 307.789 0.402
202312 0.254 306.746 0.273
202403 0.395 312.332 0.418
202406 0.271 314.175 0.285
202409 0.227 315.301 0.238
202412 0.118 315.605 0.123
202503 0.465 319.799 0.480
202506 0.218 322.561 0.223
202509 0.423 324.800 0.430
202512 0.262 324.054 0.267
202603 0.629 330.213 0.629

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 27.30 mean?
Turk Altin Isletmeleri AS (KOZAY) has a Cyclically Adjusted PS Ratio of 27.30 as of Aug. 06, 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 Turk Altin Isletmeleri AS and its competitors. This is 109% above median its historical median of 13.08. Over the past decade, Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio has ranged from 6.66 to 36.94. According to the industry distribution chart, Turk Altin Isletmeleri AS ranks #536 out of 576 companies in the Metals & Mining industry, placing it in the top 93.1%.
Is Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio too high?
Turk Altin Isletmeleri AS's current Cyclically Adjusted PS Ratio of 27.30 is 109% above median its 10-year median of 13.08. Over the past 10 years, this metric has ranged from a low of 6.66 to a high of 36.94. The Metals & Mining industry median Cyclically Adjusted PS Ratio is 2.12. Turk Altin Isletmeleri AS's value of 27.30 is 1187.7% above this industry median. Based on the distribution chart, Turk Altin Isletmeleri AS ranks #536 out of 576 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Turk Altin Isletmeleri AS has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turk Altin Isletmeleri AS's Cyclically Adjusted PS Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Turk Altin Isletmeleri AS ranks #536 out of 576 companies for Cyclically Adjusted PS Ratio. This places Turk Altin Isletmeleri AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.12. Turk Altin Isletmeleri AS's value of 27.30 is 1187.7% above this benchmark. Historically, Turk Altin Isletmeleri AS's own Cyclically Adjusted PS Ratio has ranged from 6.66 to 36.94 over the past decade. While the company's 10-year median is 13.08 vs. the industry median of 2.12, Turk Altin Isletmeleri 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 Metals & Mining company?
The median Cyclically Adjusted PS Ratio among Metals & Mining companies is 2.12, based on 576 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. Turk Altin Isletmeleri AS's current Cyclically Adjusted PS Ratio of 27.30 is 1187.7% 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 Turk Altin Isletmeleri AS and its competitors. For the Metals & Mining industry, the median Cyclically Adjusted PS Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Altin Isletmeleri AS's current Cyclically Adjusted PS Ratio is 27.30, which is 109% above median its own 10-year median of 13.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Altin Isletmeleri AS stock overvalued right now?
Based on GuruFocus' analysis, Turk Altin Isletmeleri AS (KOZAY) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.57, compared to a current price of $10.10 — trading 17.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 27.30, which is 109% above median its 10-year median of 13.08 and 1187.7% above the Metals & Mining industry median of 2.12. Turk Altin Isletmeleri AS's overall GF Score™ is 81/100 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 Turk Altin Isletmeleri AS (KOZAY), the current Cyclically Adjusted PS Ratio is 27.30 as of Aug. 06, 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 Turk Altin Isletmeleri AS (KOZAY) Overvalued in 2026?

Based on GuruFocus' analysis, Turk Altin Isletmeleri AS stock appears to be overvalued. The current stock price of $10.10 is trading 17.9% above its estimated GF Value™ of $8.57. GuruFocus considers Turk Altin Isletmeleri AS to be Modestly Overvalued.

Key valuation signals for KOZAY:

  • Cyclically Adjusted PS Ratio: 27.30 (109% above median its 10-year median of 13.08)
  • GF Value™: $8.57 vs. price of $10.10 (17.9% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 1187.7% above the Metals & Mining median (#536 of 576)

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


Turk Altin Isletmeleri AS Business Description

Other Exchanges TRALT:Turkey2KAA:Germany
Address Istanbul Yolu, 10 km, No. 310, Fatih Sultan Mehmet Boulevard, Ugur Mumcu Mahallesi, Ankara, TUR, 06370
Turk Altin Isletmeleri AS , formerly Koza Altin Izletmeleri AS is a Turkey-based gold production company. The company has exploration licenses throughout Turkey the Aegean and Marmara regions, the Black Sea region, and Central and Eastern Anatolia. Its operating mines include an underground mine at Ovacik, a mine in Cukuralan that utilizes both underground and open pit mining methods, and an open pit mine at Kaymaz. The company also has feasibility stage projects located near Agri in northeast Turkey and projects in the middle of Turkey.
81GF Score

Get the complete analysis for KOZAY

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

$10.10
Price
$8.57
GF Value