Akmerkez Gayrimenkul Yatirim Ort AS (IST:AKMGY) E10: ₺9.19 (As of Mar. 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.

IST:AKMGY Akmerkez Gayrimenkul Yatirim Ort AS IST:AKMGY
62 GF Score
Price ₺247.10
GF Value ₺243.56
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Akmerkez Gayrimenkul Yatirim Ort AS E10?

Akmerkez Gayrimenkul Yatirim Ort AS IST:AKMGY +1.31% 62 E10 is ₺9.19 as of Mar. 2026. GuruFocus rates IST:AKMGY with a GF Score™ of 62/100 and a GF Value™ of ₺243.56 (Fairly Valued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Akmerkez Gayrimenkul Yatirim Ort AS's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺0.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺9.19 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Akmerkez Gayrimenkul Yatirim Ort AS's average E10 Growth Rate was 22.20% per year. During the past 3 years, the average E10 Growth Rate was 39.50% per year. During the past 5 years, the average E10 Growth Rate was 33.90% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Akmerkez Gayrimenkul Yatirim Ort AS was 42.20% per year. The lowest was 19.00% per year. And the median was 32.50% per year.

As of today (2026-07-14), Akmerkez Gayrimenkul Yatirim Ort AS's current stock price is ₺247.10. Akmerkez Gayrimenkul Yatirim Ort AS's E10 for the quarter that ended in Mar. 2026 was ₺9.19. Akmerkez Gayrimenkul Yatirim Ort AS's Shiller PE Ratio of today is 26.89.

During the past 13 years, the highest Shiller PE Ratio of Akmerkez Gayrimenkul Yatirim Ort AS was 60.50. The lowest was 9.82. And the median was 24.15.


Akmerkez Gayrimenkul Yatirim Ort AS  (IST:AKMGY) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Akmerkez Gayrimenkul Yatirim Ort AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=247.10/9.19
=26.89

* 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 Shiller P/E Ratio of Akmerkez Gayrimenkul Yatirim Ort AS was 60.50. The lowest was 9.82. And the median was 24.15.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Akmerkez Gayrimenkul Yatirim Ort AS E10 Related Terms


Akmerkez Gayrimenkul Yatirim Ort AS E10 Historical Data

* Premium members only.

The historical data trend for Akmerkez Gayrimenkul Yatirim Ort AS's E10 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.

Akmerkez Gayrimenkul Yatirim Ort AS E10 Chart

Akmerkez Gayrimenkul Yatirim Ort AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.70 3.32 5.61 7.31 9.01

Akmerkez Gayrimenkul Yatirim Ort AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 7.52 7.91 8.19 9.01 9.19

IST:AKMGY vs SPG, O, KIM: E10 Comparison

For the REIT - Retail subindustry, Akmerkez Gayrimenkul Yatirim Ort AS's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Akmerkez Gayrimenkul Yatirim Ort AS Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Akmerkez Gayrimenkul Yatirim Ort AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Akmerkez Gayrimenkul Yatirim Ort AS's Shiller PE Ratio falls into.


IST:AKMGY
62GF Score
Akmerkez Gayrimenkul Yatirim Ort AS IST:AKMGY
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Akmerkez Gayrimenkul Yatirim Ort AS E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Akmerkez Gayrimenkul Yatirim Ort AS's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.68/330.2130*330.2130
=0.680

Current CPI (Mar. 2026) = 330.2130.

Akmerkez Gayrimenkul Yatirim Ort AS Quarterly Data

per share eps CPI Adj_EPS
201606 0.620 241.018 0.849
201609 0.490 241.428 0.670
201612 0.500 241.432 0.684
201703 0.510 243.801 0.691
201706 0.530 244.955 0.714
201709 0.490 246.819 0.656
201712 0.560 246.524 0.750
201803 0.550 249.554 0.728
201806 0.600 251.989 0.786
201809 0.640 252.439 0.837
201812 0.600 251.233 0.789
201903 0.580 254.202 0.753
201906 0.500 256.143 0.645
201909 0.500 256.759 0.643
201912 0.610 256.974 0.784
202003 0.550 258.115 0.704
202006 0.060 257.797 0.077
202009 0.500 260.280 0.634
202012 0.410 260.474 0.520
202103 0.510 264.877 0.636
202106 0.400 271.696 0.486
202109 0.630 274.310 0.758
202112 15.880 278.802 18.808
202203 1.030 287.504 1.183
202206 1.150 296.311 1.282
202209 1.160 296.808 1.291
202212 -7.630 296.797 -8.489
202303 2.010 301.836 2.199
202306 3.950 305.109 4.275
202309 1.780 307.789 1.910
202312 16.108 306.746 17.340
202403 3.470 312.332 3.669
202406 4.540 314.175 4.772
202409 4.170 315.301 4.367
202412 5.418 315.605 5.669
202503 1.820 319.799 1.879
202506 3.880 322.561 3.972
202509 2.940 324.800 2.989
202512 9.110 324.054 9.283
202603 0.680 330.213 0.680

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₺9.19 mean?
Akmerkez Gayrimenkul Yatirim Ort AS (IST:AKMGY) has a E10 of ₺9.19 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Akmerkez Gayrimenkul Yatirim Ort AS and its competitors.
Is Akmerkez Gayrimenkul Yatirim Ort AS's E10 too high?
Akmerkez Gayrimenkul Yatirim Ort AS's current E10 is ₺9.19. Overall, Akmerkez Gayrimenkul Yatirim Ort AS has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Akmerkez Gayrimenkul Yatirim Ort AS's E10 compare to SPG and O?
Akmerkez Gayrimenkul Yatirim Ort AS's E10 of ₺9.19 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a REITs company?
A good E10 depends on the REITs industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Akmerkez Gayrimenkul Yatirim Ort AS and its competitors. Akmerkez Gayrimenkul Yatirim Ort AS's current E10 is ₺9.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akmerkez Gayrimenkul Yatirim Ort AS stock overvalued right now?
Based on GuruFocus' analysis, Akmerkez Gayrimenkul Yatirim Ort AS (IST:AKMGY) is currently considered Fairly Valued. The stock's GF Value™ is ₺243.56, compared to a current price of ₺247.10 — trading 1.5% above its estimated fair value. The current E10 is ₺9.19. Akmerkez Gayrimenkul Yatirim Ort AS's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Akmerkez Gayrimenkul Yatirim Ort AS (IST:AKMGY), the current E10 is ₺9.19 as of Mar. 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 Akmerkez Gayrimenkul Yatirim Ort AS (IST:AKMGY) Overvalued in 2026?

Based on GuruFocus' analysis, Akmerkez Gayrimenkul Yatirim Ort AS stock appears to be overvalued. The current stock price of ₺247.10 is trading 1.5% above its estimated GF Value™ of ₺243.56. GuruFocus considers Akmerkez Gayrimenkul Yatirim Ort AS to be Fairly Valued.

Key valuation signals for IST:AKMGY:

  • E10: ₺9.19
  • GF Value™: ₺243.56 vs. price of ₺247.10 (1.5% above fair value)
  • GF Score™: 62/100 with 4 warning signs

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


Akmerkez Gayrimenkul Yatirim Ort AS Business Description

Industry Real EstateREITs
Address Nispetiye caddesi, Akmerkez E-3 Blok Kat 1, Etiler, Istanbul, TUR
Akmerkez Gayrimenkul Yatirim Ort AS is a real estate investment trust. Its business activity is to operate shopping mall that sells different products.
62GF Score

Get the complete analysis for IST:AKMGY

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺247.10
Price
₺243.56
GF Value