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Turk Hava Yollari AOIST:THYAO +0.96%84 EV-to-OCF is 5.59 as of Aug. 04, 2026, which is 1% above its 10-year median of 5.53. GuruFocus rates IST:THYAO with a GF Score™ of 84/100 and a GF Value™ of ₺483.26 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,009 Transportation companies, Turk Hava Yollari AO ranks better than 64.52% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Turk Hava Yollari AO's Enterprise Value is ₺993,086 Mil.
Turk Hava Yollari AO's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₺177,526 Mil. Therefore, Turk Hava Yollari AO's EV-to-OCF for today is 5.59.
The historical rank and industry rank for Turk Hava Yollari AO's EV-to-OCF or its related term are showing as below:
IST:THYAO'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.75 Med: 5.53 Max: 75.03
Current: 5.54
During the past 13 years, the highest EV-to-OCF of Turk Hava Yollari AO was 75.03. The lowest was 2.75. And the median was 5.53.
IST:THYAO's EV-to-OCF is ranked better than 64.52% of 1009
companies
in the Transportation industry
Industry Median: 7.89
vs IST:THYAO: 5.54
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Turk Hava Yollari AO (IST:THYAO) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Turk Hava Yollari AO's PE Ratio (TTM) for today is calculated as:
Turk Hava Yollari AO's share price for today is ₺317.00.
Turk Hava Yollari AO's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺6.245.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Turk Hava Yollari AO EV-to-OCF Related Terms
Turk Hava Yollari AO EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Turk Hava Yollari AO's EV-to-OCF 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.
For the Airlines subindustry, Turk Hava Yollari AO's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Transportation Industry
For the Transportation industry and Industrials sector, Turk Hava Yollari AO's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Turk Hava Yollari AO's EV-to-OCF falls into.
Turk Hava Yollari AO's current Enterprise Value is ₺993,086 Mil.
Turk Hava Yollari AO's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺177,526 Mil.
* 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 (IST:THYAO) has a EV-to-OCF of 5.59 as of Aug. 04, 2026. This is near median its historical median of 5.53. Over the past decade, Turk Hava Yollari AO's EV-to-OCF has ranged from 2.75 to 75.03. According to the industry distribution chart, Turk Hava Yollari AO ranks #358 out of 1009 companies in the Transportation industry, placing it in the top 35.5%.
Is Turk Hava Yollari AO's EV-to-OCF too high?
Turk Hava Yollari AO's current EV-to-OCF of 5.59 is near median its 10-year median of 5.53. Over the past 10 years, this metric has ranged from a low of 2.75 to a high of 75.03. The Transportation industry median EV-to-OCF is 7.89. Turk Hava Yollari AO's value of 5.59 is 29.2% below this industry median. Based on the distribution chart, Turk Hava Yollari AO ranks #358 out of 1009 companies in the Transportation industry, which is above the industry midpoint. Overall, Turk Hava Yollari AO has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's EV-to-OCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #358 out of 1009 companies for EV-to-OCF. This puts Turk Hava Yollari AO in the upper half of its industry. The industry median EV-to-OCF is 7.89. Turk Hava Yollari AO's value of 5.59 is 29.2% below this benchmark. Historically, Turk Hava Yollari AO's own EV-to-OCF has ranged from 2.75 to 75.03 over the past decade. While the company's 10-year median is 5.53 vs. the industry median of 7.89, Turk Hava Yollari AO has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Transportation company?
The median EV-to-OCF among Transportation companies is 7.89, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Turk Hava Yollari AO's current EV-to-OCF of 5.59 is 29.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median EV-to-OCF is 7.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current EV-to-OCF is 5.59, which is near median its own 10-year median of 5.53. 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 (IST:THYAO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺483.26, compared to a current price of ₺317.00 — trading 34.4% below its estimated fair value. The current EV-to-OCF is 5.59, which is near median its 10-year median of 5.53 and 29.2% below the Transportation industry median of 7.89. Turk Hava Yollari AO'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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Turk Hava Yollari AO (IST:THYAO), the current EV-to-OCF is 5.59 as of Aug. 04, 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 (IST:THYAO) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued.
The current stock price of ₺317.00 is trading 34.4% below its estimated GF Value™ of ₺483.26.
GuruFocus considers Turk Hava Yollari AO to be Possible Value Trap.
Key valuation signals for IST:THYAO:
EV-to-OCF: 5.59 (near median its 10-year median of 5.53)
GF Value™: ₺483.26 vs. price of ₺317.00 (34.4% below fair value)
Industry Position: 29.2% below the Transportation median (#358 of 1009)
No single metric tells the full story. See the IST:THYAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
84GF Score
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