Celebi Hava Servisi AS (IST:CLEBI) E10: ₺47.14 (As of Mar. 2026)


IST:CLEBI Celebi Hava Servisi AS IST:CLEBI
72 GF Score
Price ₺1,603.00
GF Value ₺2,266.69
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Celebi Hava Servisi AS E10?

Celebi Hava Servisi AS IST:CLEBI +0.12% 72 E10 is ₺47.14 as of Mar. 2026. GuruFocus rates IST:CLEBI with a GF Score™ of 72/100 and a GF Value™ of ₺2,266.69 (Modestly Undervalued). The stock has 3 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.

Celebi Hava Servisi AS's adjusted earnings per share data for the three months ended in Mar. 2026 was ₺0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺47.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Celebi Hava Servisi AS's average E10 Growth Rate was 41.50% per year. During the past 3 years, the average E10 Growth Rate was 73.40% per year. During the past 5 years, the average E10 Growth Rate was 85.90% 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 Celebi Hava Servisi AS was 93.70% per year. The lowest was 14.40% per year. And the median was 43.90% per year.

As of today (2026-06-27), Celebi Hava Servisi AS's current stock price is ₺1603.00. Celebi Hava Servisi AS's E10 for the quarter that ended in Mar. 2026 was ₺47.14. Celebi Hava Servisi AS's Shiller PE Ratio of today is 34.01.

During the past 13 years, the highest Shiller PE Ratio of Celebi Hava Servisi AS was 148.70. The lowest was 17.08. And the median was 45.76.


Celebi Hava Servisi AS  (IST:CLEBI) 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.

Celebi Hava Servisi AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1603.00/47.14
=34.01

* 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 Celebi Hava Servisi AS was 148.70. The lowest was 17.08. And the median was 45.76.


Be Aware

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


Celebi Hava Servisi AS E10 Related Terms


Celebi Hava Servisi AS E10 Historical Data

* Premium members only.

The historical data trend for Celebi Hava Servisi 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.

Celebi Hava Servisi AS E10 Chart

Celebi Hava Servisi 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 4.25 8.88 16.03 30.90 46.26

Celebi Hava Servisi 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 33.32 34.94 40.68 46.26 47.14

IST:CLEBI vs JOBY, CAAP: E10 Comparison

For the Airports & Air Services subindustry, Celebi Hava Servisi 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.


Celebi Hava Servisi AS Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Celebi Hava Servisi AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Celebi Hava Servisi AS's Shiller PE Ratio falls into.


IST:CLEBI
72GF Score
Celebi Hava Servisi AS IST:CLEBI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Celebi Hava Servisi 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, Celebi Hava Servisi 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)
=0.3/330.2130*330.2130
=0.300

Current CPI (Mar. 2026) = 330.2130.

Celebi Hava Servisi AS Quarterly Data

per share eps CPI Adj_EPS
201606 0.200 241.018 0.274
201609 0.900 241.428 1.231
201612 -0.223 241.432 -0.305
201703 0.010 243.801 0.014
201706 1.000 244.955 1.348
201709 2.200 246.819 2.943
201712 0.300 246.524 0.402
201803 0.400 249.554 0.529
201806 2.000 251.989 2.621
201809 3.900 252.439 5.102
201812 2.188 251.233 2.876
201903 0.320 254.202 0.416
201906 1.000 256.143 1.289
201909 5.400 256.759 6.945
201912 1.200 256.974 1.542
202003 -1.700 258.115 -2.175
202006 -4.700 257.797 -6.020
202009 -1.900 260.280 -2.410
202012 1.400 260.474 1.775
202103 -2.200 264.877 -2.743
202106 1.800 271.696 2.188
202109 7.500 274.310 9.028
202112 11.744 278.802 13.910
202203 5.300 287.504 6.087
202206 10.200 296.311 11.367
202209 22.300 296.808 24.810
202212 6.600 296.797 7.343
202303 4.700 301.836 5.142
202306 19.500 305.109 21.104
202309 27.700 307.789 29.718
202312 16.600 306.746 17.870
202403 21.000 312.332 22.202
202406 25.100 314.175 26.381
202409 57.400 315.301 60.115
202412 43.250 315.605 45.252
202503 20.400 319.799 21.064
202506 14.200 322.561 14.537
202509 58.000 324.800 58.967
202512 57.249 324.054 58.337
202603 0.300 330.213 0.300

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 ₺47.14 mean?
Celebi Hava Servisi AS (IST:CLEBI) has a E10 of ₺47.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Celebi Hava Servisi AS and its competitors.
Is Celebi Hava Servisi AS's E10 too high?
Celebi Hava Servisi AS's current E10 is ₺47.14. Overall, Celebi Hava Servisi AS has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celebi Hava Servisi AS's E10 compare to JOBY and CAAP?
Celebi Hava Servisi AS's E10 of ₺47.14 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 E10 for a Transportation company?
A good E10 depends on the Transportation 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 Celebi Hava Servisi AS and its competitors. Celebi Hava Servisi AS's current E10 is ₺47.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celebi Hava Servisi AS stock overvalued right now?
Based on GuruFocus' analysis, Celebi Hava Servisi AS (IST:CLEBI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺2,266.69, compared to a current price of ₺1,603.00 — trading 29.3% below its estimated fair value. The current E10 is ₺47.14. Celebi Hava Servisi AS's overall GF Score™ is 72/100 with 3 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 Celebi Hava Servisi AS (IST:CLEBI), the current E10 is ₺47.14 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 Celebi Hava Servisi AS (IST:CLEBI) Overvalued in 2026?

Based on GuruFocus' analysis, Celebi Hava Servisi AS stock appears to be undervalued. The current stock price of ₺1,603.00 is trading 29.3% below its estimated GF Value™ of ₺2,266.69. GuruFocus considers Celebi Hava Servisi AS to be Modestly Undervalued.

Key valuation signals for IST:CLEBI:

  • E10: ₺47.14
  • GF Value™: ₺2,266.69 vs. price of ₺1,603.00 (29.3% below fair value)
  • GF Score™: 72/100 with 3 warning signs

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


Celebi Hava Servisi AS Business Description

Address Tayakadin Mahallesi, Nuri Demirag Caddesi No: 39, Arnavutkoy, Istanbul, TUR, 34768
Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.
72GF Score

Get the complete analysis for IST:CLEBI

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

₺1,603.00
Price
₺2,266.69
GF Value