Turkcell Iletisim Hizmetleri AS (MEX:TKC N) Cyclically Adjusted PS Ratio: 1.90 (As of Jul. 24, 2026) — Near 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.

MEX:TKC N Turkcell Iletisim Hizmetleri AS MEX:TKC N
93 GF Score
Price MXN100.00
GF Value MXN101.51
! 5 Warning Signs
View Full Analysis

What is Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio?

Turkcell Iletisim Hizmetleri AS MEX:TKC N 93 Cyclically Adjusted PS Ratio is 1.90 as of Jul. 24, 2026, which is 6% below its 10-year median of 2.02. GuruFocus rates MEX:TKC N with a GF Score™ of 93/100 and a GF Value™ of MXN101.51. The stock has 5 warning signs investors should review. Among 303 Telecommunication Services companies, Turkcell Iletisim Hizmetleri AS ranks worse than 65.35% on this metric.

As of today (2026-07-24), Turkcell Iletisim Hizmetleri AS's current share price is MXN100.00. Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN52.57. Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio for today is 1.90.

The historical rank and industry rank for Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:TKC N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1   Med: 2.02   Max: 3.19
Current: 1.89

During the past years, Turkcell Iletisim Hizmetleri AS's highest Cyclically Adjusted PS Ratio was 3.19. The lowest was 1.00. And the median was 2.02.

MEX:TKC N's Cyclically Adjusted PS Ratio is ranked worse than
65.35% of 303 companies
in the Telecommunication Services industry
Industry Median: 1.16 vs MEX:TKC N: 1.89

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.

Turkcell Iletisim Hizmetleri AS's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN32.095. 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 MXN52.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Turkcell Iletisim Hizmetleri AS  (MEX:TKC N) 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.


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio Related Terms


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Turkcell Iletisim Hizmetleri 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.

Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio Chart

Turkcell Iletisim Hizmetleri 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 1.24 1.77 1.85 2.31 1.80

Turkcell Iletisim Hizmetleri 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 2.21 2.09 2.00 1.80 1.90

MEX:TKC N vs TMUS, VZ, T: Cyclically Adjusted PS Ratio Comparison

For the Telecom Services subindustry, Turkcell Iletisim Hizmetleri 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.


Turkcell Iletisim Hizmetleri AS Cyclically Adjusted PS Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio falls into.


MEX:TKC N
93GF Score
Turkcell Iletisim Hizmetleri AS MEX:TKC N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turkcell Iletisim Hizmetleri 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.

Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=100.00/52.57
=1.90

* 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.

Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Turkcell Iletisim Hizmetleri 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)
=32.095/330.2130*330.2130
=32.095

Current CPI (Mar. 2026) = 330.2130.

Turkcell Iletisim Hizmetleri AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 24.308 241.018 33.304
201609 25.681 241.428 35.125
201612 25.783 241.432 35.264
201703 23.801 243.801 32.237
201706 25.186 244.955 33.952
201709 26.993 246.819 36.113
201712 27.591 246.524 36.957
201803 25.527 249.554 33.778
201806 24.758 251.989 32.444
201809 19.480 252.439 25.482
201812 23.732 251.233 31.193
201903 23.047 254.202 29.938
201906 23.065 256.143 29.735
201909 26.292 256.759 33.814
201912 24.694 256.974 31.732
202003 28.235 258.115 36.122
202006 26.842 257.797 34.382
202009 25.475 260.280 32.320
202012 142.583 260.474 180.758
202103 24.049 264.877 29.981
202106 22.643 271.696 27.520
202109 25.593 274.310 30.809
202112 143.944 278.802 170.487
202203 16.788 287.504 19.282
202206 16.893 296.311 18.826
202209 18.485 296.808 20.565
202212 115.703 296.797 128.730
202303 29.129 301.836 31.868
202306 29.347 305.109 31.762
202309 27.785 307.789 29.809
202312 62.613 306.746 67.403
202403 25.323 312.332 26.773
202406 30.469 314.175 32.024
202409 35.586 315.301 37.269
202412 44.637 315.605 46.703
202503 39.680 319.799 40.972
202506 29.121 322.561 29.812
202509 30.389 324.800 30.895
202512 34.104 324.054 34.752
202603 32.095 330.213 32.095

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 1.90 mean?
Turkcell Iletisim Hizmetleri AS (MEX:TKC N) has a Cyclically Adjusted PS Ratio of 1.90 as of Jul. 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 Turkcell Iletisim Hizmetleri AS and its competitors. This is near median its historical median of 2.02. Over the past decade, Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio has ranged from 1.00 to 3.19. According to the industry distribution chart, Turkcell Iletisim Hizmetleri AS ranks #198 out of 303 companies in the Telecommunication Services industry, placing it in the top 65.3%.
Is Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio too high?
Turkcell Iletisim Hizmetleri AS's current Cyclically Adjusted PS Ratio of 1.90 is near median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.19. The Telecommunication Services industry median Cyclically Adjusted PS Ratio is 1.16. Turkcell Iletisim Hizmetleri AS's value of 1.90 is 63.8% above this industry median. Based on the distribution chart, Turkcell Iletisim Hizmetleri AS ranks #198 out of 303 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Turkcell Iletisim Hizmetleri AS has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Turkcell Iletisim Hizmetleri AS's Cyclically Adjusted PS Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Turkcell Iletisim Hizmetleri AS ranks #198 out of 303 companies for Cyclically Adjusted PS Ratio. This places Turkcell Iletisim Hizmetleri AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.16. Turkcell Iletisim Hizmetleri AS's value of 1.90 is 63.8% above this benchmark. Historically, Turkcell Iletisim Hizmetleri AS's own Cyclically Adjusted PS Ratio has ranged from 1.00 to 3.19 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.16, Turkcell Iletisim Hizmetleri 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 Telecommunication Services company?
The median Cyclically Adjusted PS Ratio among Telecommunication Services companies is 1.16, based on 303 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. Turkcell Iletisim Hizmetleri AS's current Cyclically Adjusted PS Ratio of 1.90 is 63.8% 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 Turkcell Iletisim Hizmetleri AS and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PS Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkcell Iletisim Hizmetleri AS's current Cyclically Adjusted PS Ratio is 1.90, which is near median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkcell Iletisim Hizmetleri AS stock overvalued right now?
Turkcell Iletisim Hizmetleri AS (MEX:TKC N) has a current Cyclically Adjusted PS Ratio of 1.90. The stock's GF Value™ is MXN101.51, compared to a current price of MXN100.00 — trading 1.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.90, which is near median its 10-year median of 2.02 and 63.8% above the Telecommunication Services industry median of 1.16. Turkcell Iletisim Hizmetleri AS's overall GF Score™ is 93/100 with 5 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 Turkcell Iletisim Hizmetleri AS (MEX:TKC N), the current Cyclically Adjusted PS Ratio is 1.90 as of Jul. 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 Turkcell Iletisim Hizmetleri AS (MEX:TKC N) Overvalued in 2026?

Based on GuruFocus' analysis, Turkcell Iletisim Hizmetleri AS stock appears to be undervalued. The current stock price of MXN100.00 is trading 1.5% below its estimated GF Value™ of MXN101.51.

Key valuation signals for MEX:TKC N:

  • Cyclically Adjusted PS Ratio: 1.90 (near median its 10-year median of 2.02)
  • GF Value™: MXN101.51 vs. price of MXN100.00 (1.5% below fair value)
  • GF Score™: 93/100 with 5 warning signs
  • Industry Position: 63.8% above the Telecommunication Services median (#198 of 303)

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


Turkcell Iletisim Hizmetleri AS Business Description

Address Aydinevler Mahallesi Ismet Inonu Caddesi No. 20, Kucukyali Ofispark B Blok, Turkcell Kucukyali Plaza, Maltepe, Istanbul, TUR, 34854
Turkcell Iletisim Hizmetleri AS provides mobile telephone services in Turkey. The firm's services portfolio includes mobile and fixed voice, data, TV, and digital services over its network. The firm also operates in the Turkish Republic of Northern Cyprus, Belarus, the Netherlands, and Ukraine. It has three main reportable segments: Turkcell Turkiye, Techfin, and Other. The Turkcell Turkiye segment, which derives the majority of revenue, comprises mainly telecommunication and technology services activities.
93GF Score

Get the complete analysis for MEX:TKC N

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

MXN100.00
Price
MXN101.51
GF Value