TUPRF (Tupras-Turkiye Petrol Rafineleri AS) Cyclically Adjusted PS Ratio: 1.02 (As of Jul. 12, 2026) — 28% Above Median


TUPRF Tupras-Turkiye Petrol Rafineleri AS TUPRF
75 GF Score
Price $3.46
GF Value $1.96
! 7 Warning Signs
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What is Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio?

Tupras-Turkiye Petrol Rafineleri AS TUPRF 75 Cyclically Adjusted PS Ratio is 1.02 as of Jul. 12, 2026, which is 28% above its 10-year median of 0.80. GuruFocus rates TUPRF with a GF Score™ of 75/100 and a GF Value™ of $1.96. The stock has 7 warning signs investors should review. Among 706 Oil & Gas companies, Tupras-Turkiye Petrol Rafineleri AS ranks worse than 50.71% on this metric.

As of today (2026-07-12), Tupras-Turkiye Petrol Rafineleri AS's current share price is $3.46429. Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $3.40. Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio for today is 1.02.

The historical rank and industry rank for Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

TUPRF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.8   Max: 1.5
Current: 1.05

During the past years, Tupras-Turkiye Petrol Rafineleri AS's highest Cyclically Adjusted PS Ratio was 1.50. The lowest was 0.33. And the median was 0.80.

TUPRF's Cyclically Adjusted PS Ratio is ranked worse than
50.71% of 706 companies
in the Oil & Gas industry
Industry Median: 1.02 vs TUPRF: 1.05

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.

Tupras-Turkiye Petrol Rafineleri AS's adjusted revenue per share data for the three months ended in Mar. 2026 was $3.036. 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 $3.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tupras-Turkiye Petrol Rafineleri AS  (OTCPK:TUPRF) 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.


Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio Related Terms


Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio Chart

Tupras-Turkiye Petrol Rafineleri 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 0.55 0.87 1.05 0.75 0.78

Tupras-Turkiye Petrol Rafineleri 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 0.68 0.66 0.83 0.78 1.02

TUPRF vs VLO, MPC, PSX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Refining & Marketing subindustry, Tupras-Turkiye Petrol Rafineleri 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.


Tupras-Turkiye Petrol Rafineleri AS Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio falls into.


TUPRF
75GF Score
Tupras-Turkiye Petrol Rafineleri AS TUPRF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tupras-Turkiye Petrol Rafineleri 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.

Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=3.46429/3.40
=1.02

* 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.

Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tupras-Turkiye Petrol Rafineleri 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)
=3.036/330.2130*330.2130
=3.036

Current CPI (Mar. 2026) = 330.2130.

Tupras-Turkiye Petrol Rafineleri AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.653 241.018 2.265
201609 1.819 241.428 2.488
201612 1.755 241.432 2.400
201703 1.923 243.801 2.605
201706 2.047 244.955 2.759
201709 2.355 246.819 3.151
201712 2.168 246.524 2.904
201803 1.968 249.554 2.604
201806 2.470 251.989 3.237
201809 2.720 252.439 3.558
201812 2.661 251.233 3.498
201903 2.163 254.202 2.810
201906 2.348 256.143 3.027
201909 2.329 256.759 2.995
201912 2.109 256.974 2.710
202003 1.525 258.115 1.951
202006 0.777 257.797 0.995
202009 1.290 260.280 1.637
202012 1.479 260.474 1.875
202103 1.473 264.877 1.836
202106 2.231 271.696 2.712
202109 2.520 274.310 3.034
202112 2.178 278.802 2.580
202203 2.757 287.504 3.167
202206 4.199 296.311 4.679
202209 4.268 296.808 4.748
202212 15.328 296.797 17.054
202303 4.378 301.836 4.790
202306 4.022 305.109 4.353
202309 5.625 307.789 6.035
202312 5.522 306.746 5.944
202403 3.705 312.332 3.917
202406 4.110 314.175 4.320
202409 3.991 315.301 4.180
202412 3.887 315.605 4.067
202503 2.903 319.799 2.998
202506 2.414 322.561 2.471
202509 2.774 324.800 2.820
202512 2.824 324.054 2.878
202603 3.036 330.213 3.036

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 1.02 mean?
Tupras-Turkiye Petrol Rafineleri AS (TUPRF) has a Cyclically Adjusted PS Ratio of 1.02 as of Jul. 12, 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. This is 28% above median its historical median of 0.80. Over the past decade, Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.50. According to the industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #358 out of 706 companies in the Oil & Gas industry, placing it in the top 50.7%.
Is Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio too high?
Tupras-Turkiye Petrol Rafineleri AS's current Cyclically Adjusted PS Ratio of 1.02 is 28% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.50. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.02. Tupras-Turkiye Petrol Rafineleri AS's value of 1.02 is 0% at this industry median. Based on the distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #358 out of 706 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tupras-Turkiye Petrol Rafineleri AS has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Tupras-Turkiye Petrol Rafineleri AS's Cyclically Adjusted PS Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Tupras-Turkiye Petrol Rafineleri AS ranks #358 out of 706 companies for Cyclically Adjusted PS Ratio. This places Tupras-Turkiye Petrol Rafineleri AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.02. Tupras-Turkiye Petrol Rafineleri AS's value of 1.02 is 0% at this benchmark. Historically, Tupras-Turkiye Petrol Rafineleri AS's own Cyclically Adjusted PS Ratio has ranged from 0.33 to 1.50 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 1.02, Tupras-Turkiye Petrol Rafineleri AS has consistently been at 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 an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.02, based on 706 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. Tupras-Turkiye Petrol Rafineleri AS's current Cyclically Adjusted PS Ratio of 1.02 is 0% at 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 Tupras-Turkiye Petrol Rafineleri AS and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tupras-Turkiye Petrol Rafineleri AS's current Cyclically Adjusted PS Ratio is 1.02, which is 28% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tupras-Turkiye Petrol Rafineleri AS stock overvalued right now?
Tupras-Turkiye Petrol Rafineleri AS (TUPRF) has a current Cyclically Adjusted PS Ratio of 1.02. The stock's GF Value™ is $1.96, compared to a current price of $3.46 — trading 76.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.02, which is 28% above median its 10-year median of 0.80 and 0% at the Oil & Gas industry median of 1.02. Tupras-Turkiye Petrol Rafineleri AS's overall GF Score™ is 75/100 with 7 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 Tupras-Turkiye Petrol Rafineleri AS (TUPRF), the current Cyclically Adjusted PS Ratio is 1.02 as of Jul. 12, 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 Tupras-Turkiye Petrol Rafineleri AS (TUPRF) Overvalued in 2026?

Based on GuruFocus' analysis, Tupras-Turkiye Petrol Rafineleri AS stock appears to be overvalued. The current stock price of $3.46 is trading 76.7% above its estimated GF Value™ of $1.96.

Key valuation signals for TUPRF:

  • Cyclically Adjusted PS Ratio: 1.02 (28% above median its 10-year median of 0.80)
  • GF Value™: $1.96 vs. price of $3.46 (76.7% above fair value)
  • GF Score™: 75/100 with 7 warning signs
  • Industry Position: 0% at the Oil & Gas median (#358 of 706)

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


Tupras-Turkiye Petrol Rafineleri AS Business Description

Industry EnergyOil & Gas
Other Exchanges TUPRS:Turkey
Address Guney Mahallesi, Petrol Caddesi No:25, Korfez, Kocaeli, TUR, 41790
Tupras-Turkiye Petrol Rafineleri AS provides and refines crude oil through Turkish and international refineries. It also operates petrochemical factories and facilities. The company's complete line of products includes liquefied petroleum gas(LPG), fuel oil, waxes and extracts, bitumen, and other products. In addition to refining and producing products, the firm engages in the purchase, sell, import, export, store, marketing, and distribution of a variety of petroleum products. Distribution is completed through a network of foreign and domestic wholesalers and retailers. The majority of sales from refineries are domestic.
75GF Score

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

$3.46
Price
$1.96
GF Value