TKHVY (Turk Hava Yollari AO) Cyclically Adjusted Revenue per Share: $58.67 (As of Jun. 2026)

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TKHVY Turk Hava Yollari AO TKHVY
81 GF Score
Price $64.15
GF Value $96.60
Valuation Possible Value Trap
! 5 Warning Signs
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What is Turk Hava Yollari AO Cyclically Adjusted Revenue per Share?

Turk Hava Yollari AO TKHVY 81 Cyclically Adjusted Revenue per Share is $58.67 as of Jun. 2026. GuruFocus rates TKHVY with a GF Score™ of 81/100 and a GF Value™ of $96.60 (Possible Value Trap). The stock has 5 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.

Turk Hava Yollari AO's adjusted revenue per share for the three months ended in Jun. 2026 was $50.944. 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 $58.67 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Turk Hava Yollari AO's average Cyclically Adjusted Revenue Growth Rate was 48.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 60.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 57.00% 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 Turk Hava Yollari AO was 67.30% per year. The lowest was 19.60% per year. And the median was 41.50% per year.

As of today (2026-08-16), Turk Hava Yollari AO's current stock price is $64.145. Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $58.67. Turk Hava Yollari AO's Cyclically Adjusted PS Ratio of today is 1.09.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Turk Hava Yollari AO was 3.87. The lowest was 0.34. And the median was 1.05.


Turk Hava Yollari AO  (OTCPK:TKHVY) 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.

Turk Hava Yollari AO's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=64.145/58.67
=1.09

* 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 Turk Hava Yollari AO was 3.87. The lowest was 0.34. And the median was 1.05.


Be Aware

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


Turk Hava Yollari AO Cyclically Adjusted Revenue per Share Related Terms


Turk Hava Yollari AO Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Turk Hava Yollari AO'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.

Turk Hava Yollari AO Cyclically Adjusted Revenue per Share Chart

Turk Hava Yollari AO 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 26.40 28.16 34.91 43.31 51.46

Turk Hava Yollari AO 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 40.55 47.95 51.46 54.40 58.67

TKHVY vs DAL, UAL, LUV: Cyclically Adjusted Revenue per Share Comparison

For the Airlines subindustry, Turk Hava Yollari AO'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 Hava Yollari AO Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Cyclically Adjusted PS Ratio falls into.


TKHVY
81GF Score
Turk Hava Yollari AO TKHVY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turk Hava Yollari AO 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, Turk Hava Yollari AO'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)
=50.944/333.9520*333.9520
=50.944

Current CPI (Jun. 2026) = 333.9520.

Turk Hava Yollari AO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 20.928 241.428 28.948
201612 6.979 241.432 9.653
201703 14.348 243.801 19.654
201706 18.964 244.955 25.854
201709 26.130 246.819 35.355
201712 16.478 246.524 22.322
201803 19.273 249.554 25.791
201806 21.843 251.989 28.948
201809 28.615 252.439 37.855
201812 14.571 251.233 19.369
201903 20.058 254.202 26.351
201906 24.469 256.143 31.902
201909 28.695 256.759 37.322
201912 19.395 256.974 25.205
202003 18.355 258.115 23.748
202006 6.529 257.797 8.458
202009 11.576 260.280 14.853
202012 12.841 260.474 16.463
202103 13.014 264.877 16.408
202106 14.039 271.696 17.256
202109 24.553 274.310 29.891
202112 -0.403 278.802 -0.483
202203 22.109 287.504 25.681
202206 33.068 296.311 37.269
202209 44.058 296.808 49.572
202212 21.697 296.797 24.413
202303 31.544 301.836 34.900
202306 37.300 305.109 40.826
202309 45.762 307.789 49.652
202312 37.096 306.746 40.386
202403 34.559 312.332 36.951
202406 40.822 314.175 43.392
202409 48.093 315.301 50.938
202412 40.646 315.605 43.009
202503 35.415 319.799 36.982
202506 43.084 322.561 44.605
202509 50.457 324.800 51.879
202512 45.480 324.054 46.869
202603 42.879 330.213 43.365
202606 50.944 333.952 50.944

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 $58.67 mean?
Turk Hava Yollari AO (TKHVY) has a Cyclically Adjusted Revenue per Share of $58.67 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 Turk Hava Yollari AO and its competitors.
Is Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share too high?
Turk Hava Yollari AO's current Cyclically Adjusted Revenue per Share is $58.67. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share compare to DAL and UAL?
Turk Hava Yollari AO's Cyclically Adjusted Revenue per Share of $58.67 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 Turk Hava Yollari AO and its competitors. Turk Hava Yollari AO's current Cyclically Adjusted Revenue per Share is $58.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (TKHVY) is currently considered Possible Value Trap. The stock's GF Value™ is $96.60, compared to a current price of $64.15 — trading 33.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $58.67. Turk Hava Yollari AO's overall GF Score™ is 81/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Turk Hava Yollari AO (TKHVY), the current Cyclically Adjusted Revenue per Share is $58.67 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 Turk Hava Yollari AO (TKHVY) Overvalued in 2026?

Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued. The current stock price of $64.15 is trading 33.6% below its estimated GF Value™ of $96.60. GuruFocus considers Turk Hava Yollari AO to be Possible Value Trap.

Key valuation signals for TKHVY:

  • Cyclically Adjusted Revenue per Share: $58.67
  • GF Value™: $96.60 vs. price of $64.15 (33.6% below fair value)
  • GF Score™: 81/100 with 5 warning signs

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


Turk Hava Yollari AO Business Description

Other Exchanges THYAO:TurkeyTU5A:Germany
Address Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score

Get the complete analysis for TKHVY

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

$64.15
Price
$96.60
GF Value