UELKY (Ulker Biskuvinayi AS) Cyclically Adjusted Revenue per Share: $59.04 (As of Jun. 2026)

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.

UELKY Ulker Biskuvi Sanayi AS UELKY
84 GF Score
Price $18.50
GF Value $46.58
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is Ulker Biskuvinayi AS Cyclically Adjusted Revenue per Share?

Ulker Biskuvinayi AS UELKY 84 Cyclically Adjusted Revenue per Share is $59.04 as of Jun. 2026. GuruFocus rates UELKY with a GF Score™ of 84/100 and a GF Value™ of $46.58 (Significantly Undervalued). The stock has 7 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.

Ulker Biskuvinayi AS's adjusted revenue per share for the three months ended in Jun. 2026 was $16.060. 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 $59.04 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Ulker Biskuvinayi AS's average Cyclically Adjusted Revenue Growth Rate was 33.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 52.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 55.80% 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 Ulker Biskuvinayi AS was 64.70% per year. The lowest was 22.10% per year. And the median was 52.00% per year.

As of today (2026-09-22), Ulker Biskuvinayi AS's current stock price is $18.50. Ulker Biskuvinayi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $59.04. Ulker Biskuvinayi AS's Cyclically Adjusted PS Ratio of today is 0.31.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ulker Biskuvinayi AS was 2.74. The lowest was 0.63. And the median was 1.47.


Ulker Biskuvinayi AS  (OTCPK:UELKY) 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.

Ulker Biskuvinayi AS's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18.50/59.038
=0.31

* 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 Ulker Biskuvinayi AS was 2.74. The lowest was 0.63. And the median was 1.47.


Be Aware

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


Ulker Biskuvinayi AS Cyclically Adjusted Revenue per Share Related Terms


Ulker Biskuvinayi AS Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ulker Biskuvinayi 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.

Ulker Biskuvinayi AS Cyclically Adjusted Revenue per Share Chart

Ulker Biskuvinayi 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 44.85 47.78 50.22 53.41 56.94

Ulker Biskuvinayi 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 54.82 55.92 56.32 58.19 59.04

UELKY vs MDLZ, HSY, TR: Cyclically Adjusted Revenue per Share Comparison

For the Confectioners subindustry, Ulker Biskuvinayi 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.


Ulker Biskuvinayi AS Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ulker Biskuvinayi AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ulker Biskuvinayi AS's Cyclically Adjusted PS Ratio falls into.


UELKY
84GF Score
Ulker Biskuvi Sanayi AS UELKY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ulker Biskuvinayi 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, Ulker Biskuvinayi 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)
=16.06/333.9520*333.9520
=16.060

Current CPI (Jun. 2026) = 333.9520.

Ulker Biskuvinayi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.253 241.428 11.416
201612 11.511 241.432 15.922
201703 10.067 243.801 13.790
201706 9.541 244.955 13.007
201709 8.839 246.819 11.959
201712 10.021 246.524 13.575
201803 10.789 249.554 14.438
201806 8.774 251.989 11.628
201809 7.468 252.439 9.879
201812 9.200 251.233 12.229
201903 10.564 254.202 13.878
201906 9.074 256.143 11.830
201909 9.754 256.759 12.686
201912 10.829 256.974 14.073
202003 11.361 258.115 14.699
202006 9.139 257.797 11.839
202009 9.268 260.280 11.891
202012 10.171 260.474 13.040
202103 10.994 264.877 13.861
202106 9.262 271.696 11.384
202109 10.180 274.310 12.393
202112 10.681 278.802 12.794
202203 12.324 287.504 14.315
202206 11.107 296.311 12.518
202209 11.907 296.808 13.397
202212 14.165 296.797 15.938
202303 15.656 301.836 17.322
202306 13.271 305.109 14.526
202309 12.544 307.789 13.610
202312 22.608 306.746 24.613
202403 17.152 312.332 18.339
202406 12.805 314.175 13.611
202409 14.695 315.301 15.564
202412 20.442 315.605 21.630
202503 20.123 319.799 21.014
202506 16.098 322.561 16.666
202509 16.873 324.800 17.348
202512 19.845 324.054 20.451
202603 21.002 330.213 21.240
202606 16.060 333.952 16.060

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 $59.04 mean?
Ulker Biskuvinayi AS (UELKY) has a Cyclically Adjusted Revenue per Share of $59.04 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 Ulker Biskuvinayi AS and its competitors.
Is Ulker Biskuvinayi AS's Cyclically Adjusted Revenue per Share too high?
Ulker Biskuvinayi AS's current Cyclically Adjusted Revenue per Share is $59.04. Overall, Ulker Biskuvinayi AS has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ulker Biskuvinayi AS's Cyclically Adjusted Revenue per Share compare to MDLZ and HSY?
Ulker Biskuvinayi AS's Cyclically Adjusted Revenue per Share of $59.04 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Cyclically Adjusted Revenue per Share depends on the Consumer Packaged Goods 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 Ulker Biskuvinayi AS and its competitors. Ulker Biskuvinayi AS's current Cyclically Adjusted Revenue per Share is $59.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulker Biskuvinayi AS stock overvalued right now?
Based on GuruFocus' analysis, Ulker Biskuvinayi AS (UELKY) is currently considered Significantly Undervalued. The stock's GF Value™ is $46.58, compared to a current price of $18.50 — trading 60.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $59.04. Ulker Biskuvinayi AS's overall GF Score™ is 84/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Ulker Biskuvinayi AS (UELKY), the current Cyclically Adjusted Revenue per Share is $59.04 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 Ulker Biskuvinayi AS (UELKY) Overvalued in 2026?

Based on GuruFocus' analysis, Ulker Biskuvinayi AS stock appears to be undervalued. The current stock price of $18.50 is trading 60.3% below its estimated GF Value™ of $46.58. GuruFocus considers Ulker Biskuvinayi AS to be Significantly Undervalued.

Key valuation signals for UELKY:

  • Cyclically Adjusted Revenue per Share: $59.04
  • GF Value™: $46.58 vs. price of $18.50 (60.3% below fair value)
  • GF Score™: 84/100 with 7 warning signs

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


Ulker Biskuvinayi AS Business Description

Other Exchanges ULKER:Turkey
Address Ferah Street, No. 1, Kisikli Neighborhood, Buyuk Camlica, Uskudar, Istanbul, TUR, 34692
Ulker Biskuvi Sanayi AS is a Turkish food manufacturer specializing in biscuits, chocolate-coated biscuits, wafers, cakes, and chocolate products. Its portfolio includes well-known brands such as Ulker, Alpella, Albeni, Dido, Laviva, Cocostar, Piko, and Buklet, sold through grocery retailers, convenience stores, and distributors. The company operates primarily in Turkey, which accounts for the majority of its revenue, and exports to markets across the Middle East, North Africa, Europe, and Central Asia. It also holds the license to produce and sell Godiva-branded chocolate products in certain markets. Revenue is generated through the manufacture and sale of packaged baked goods and confectionery to retail and wholesale customers. Ulker Biskuvi is part of Yildiz Holding, one of Turkey's largest food conglomerates, and maintains production facilities in Turkey and abroad to serve its domestic and export operations.
84GF Score

Get the complete analysis for UELKY

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

$18.50
Price
$46.58
GF Value