TAV Havalimanlari Holding AS (IST:TAVHL) Cyclically Adjusted Revenue per Share: ₺79.58 (As of Jun. 2026)

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IST:TAVHL TAV Havalimanlari Holding AS IST:TAVHL
73 GF Score
Price ₺273.25
GF Value ₺396.13
Valuation Possible Value Trap
! 8 Warning Signs
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What is TAV Havalimanlari Holding AS Cyclically Adjusted Revenue per Share?

TAV Havalimanlari Holding AS IST:TAVHL -0.82% 73 Cyclically Adjusted Revenue per Share is ₺79.58 as of Jun. 2026. GuruFocus rates IST:TAVHL with a GF Score™ of 73/100 and a GF Value™ of ₺396.13 (Possible Value Trap). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

TAV Havalimanlari Holding AS's adjusted revenue per share for the three months ended in Jun. 2026 was ₺74.271. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₺79.58 for the trailing ten years ended in Jun. 2026.

During the past 12 months, TAV Havalimanlari Holding AS's average Cyclically Adjusted Revenue Growth Rate was 51.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 58.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 49.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of TAV Havalimanlari Holding AS was 58.30% per year. The lowest was 7.20% per year. And the median was 30.85% per year.

As of today (2026-08-11), TAV Havalimanlari Holding AS's current stock price is ₺273.25. TAV Havalimanlari Holding AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₺79.58. TAV Havalimanlari Holding AS's Cyclically Adjusted PS Ratio of today is 3.43.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TAV Havalimanlari Holding AS was 8.87. The lowest was 1.46. And the median was 3.57.


TAV Havalimanlari Holding AS  (IST:TAVHL) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

TAV Havalimanlari Holding AS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=273.25/79.58
=3.43

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TAV Havalimanlari Holding AS was 8.87. The lowest was 1.46. And the median was 3.57.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


TAV Havalimanlari Holding AS Cyclically Adjusted Revenue per Share Related Terms


TAV Havalimanlari Holding AS Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for TAV Havalimanlari Holding AS's Cyclically Adjusted Revenue per Share 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.

TAV Havalimanlari Holding AS Cyclically Adjusted Revenue per Share Chart

TAV Havalimanlari Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.15 16.53 25.94 42.32 65.60

TAV Havalimanlari Holding 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 Revenue per Share 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 52.52 60.07 65.60 71.65 79.58

IST:TAVHL vs JOBY, CAAP: Cyclically Adjusted Revenue per Share Comparison

For the Airports & Air Services subindustry, TAV Havalimanlari Holding 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.


TAV Havalimanlari Holding AS Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TAV Havalimanlari Holding AS's Cyclically Adjusted PS Ratio falls into.


IST:TAVHL
73GF Score
TAV Havalimanlari Holding AS IST:TAVHL
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TAV Havalimanlari Holding AS Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, TAV Havalimanlari Holding 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)
=74.271/333.9520*333.9520
=74.271

Current CPI (Jun. 2026) = 333.9520.

TAV Havalimanlari Holding AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.643 241.428 3.656
201612 3.695 241.432 5.111
201703 2.473 243.801 3.387
201706 3.184 244.955 4.341
201709 3.926 246.819 5.312
201712 2.039 246.524 2.762
201803 3.083 249.554 4.126
201806 2.696 251.989 3.573
201809 4.504 252.439 5.958
201812 2.048 251.233 2.722
201903 2.564 254.202 3.368
201906 3.413 256.143 4.450
201909 4.227 256.759 5.498
201912 2.963 256.974 3.851
202003 2.283 258.115 2.954
202006 0.495 257.797 0.641
202009 2.114 260.280 2.712
202012 1.884 260.474 2.415
202103 1.524 264.877 1.921
202106 2.724 271.696 3.348
202109 5.530 274.310 6.732
202112 7.176 278.802 8.595
202203 6.609 287.504 7.677
202206 13.047 296.311 14.704
202209 17.113 296.808 19.255
202212 16.291 296.797 18.330
202303 14.055 301.836 15.550
202306 21.848 305.109 23.913
202309 33.455 307.789 36.299
202312 28.606 306.746 31.143
202403 30.723 312.332 32.850
202406 39.646 314.175 42.142
202409 51.887 315.301 54.956
202412 43.187 315.605 45.698
202503 41.793 319.799 43.643
202506 55.641 322.561 57.606
202509 75.528 324.800 77.656
202512 59.578 324.054 61.398
202603 50.659 330.213 51.233
202606 74.271 333.952 74.271

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₺79.58 mean?
TAV Havalimanlari Holding AS (IST:TAVHL) has a Cyclically Adjusted Revenue per Share of ₺79.58 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on TAV Havalimanlari Holding AS and its competitors.
Is TAV Havalimanlari Holding AS's Cyclically Adjusted Revenue per Share too high?
TAV Havalimanlari Holding AS's current Cyclically Adjusted Revenue per Share is ₺79.58. Overall, TAV Havalimanlari Holding AS has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TAV Havalimanlari Holding AS's Cyclically Adjusted Revenue per Share compare to JOBY and CAAP?
TAV Havalimanlari Holding AS's Cyclically Adjusted Revenue per Share of ₺79.58 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Transportation company?
A good Cyclically Adjusted Revenue per Share depends on the Transportation industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on TAV Havalimanlari Holding AS and its competitors. TAV Havalimanlari Holding AS's current Cyclically Adjusted Revenue per Share is ₺79.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAV Havalimanlari Holding AS stock overvalued right now?
Based on GuruFocus' analysis, TAV Havalimanlari Holding AS (IST:TAVHL) is currently considered Possible Value Trap. The stock's GF Value™ is ₺396.13, compared to a current price of ₺273.25 — trading 31% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₺79.58. TAV Havalimanlari Holding AS's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For TAV Havalimanlari Holding AS (IST:TAVHL), the current Cyclically Adjusted Revenue per Share is ₺79.58 as of Jun. 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 TAV Havalimanlari Holding AS (IST:TAVHL) Overvalued in 2026?

Based on GuruFocus' analysis, TAV Havalimanlari Holding AS stock appears to be undervalued. The current stock price of ₺273.25 is trading 31% below its estimated GF Value™ of ₺396.13. GuruFocus considers TAV Havalimanlari Holding AS to be Possible Value Trap.

Key valuation signals for IST:TAVHL:

  • Cyclically Adjusted Revenue per Share: ₺79.58
  • GF Value™: ₺396.13 vs. price of ₺273.25 (31% below fair value)
  • GF Score™: 73/100 with 8 warning signs

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


TAV Havalimanlari Holding AS Business Description

Address Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485
TAV Havalimanlari Holding AS constructs, manages, and operates terminal buildings and the operation of terminals or airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operate terminal buildings and car parks. Ground handling, bus operations, and duty-free operations are the next segments. The company is headquartered in Turkey and derives the majority of its revenue domestically.
73GF Score

Get the complete analysis for IST:TAVHL

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

₺273.25
Price
₺396.13
GF Value