Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ray Sigorta AS's Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₺0 Mil. Therefore, Ray Sigorta AS's EV-to-EBIT ratio for today is .
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ray Sigorta AS's Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₺0 Mil. Therefore, Ray Sigorta AS's EV-to-EBITDA ratio for today is .
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ray Sigorta AS's Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₺34,382 Mil. Therefore, Ray Sigorta AS's EV-to-Revenue ratio for today is 0.19.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Ray Sigorta AS's Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₺4,753 Mil. Therefore, Ray Sigorta AS's EV-to-FCF ratio for today is 1.38.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Ray Sigorta AS (IST:RAYSG) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Ray Sigorta AS's current Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's EBIT 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 ₺0 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Ray Sigorta AS's current Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's EBITDA 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 ₺0 Mil.
Ray Sigorta AS's current Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's Revenue 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 ₺34,382 Mil.
Ray Sigorta AS's current Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS'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 ₺4,874 Mil.
Ray Sigorta AS's current Enterprise Value is ₺6,537 Mil.
Ray Sigorta AS's Free Cash Flow 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 ₺4,753 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.
Ray Sigorta AS Enterprise Value Related Terms
Ray Sigorta AS Enterprise Value Historical Data
* Premium members only.
The historical data trend for Ray Sigorta AS's Enterprise Value 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.
IST:RAYSG vs BRK.A, AIG, HIG: Enterprise Value Comparison
For the Insurance - Diversified subindustry, Ray Sigorta AS's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Ray Sigorta AS Enterprise Value vs Insurance Industry
For the Insurance industry and Financial Services sector, Ray Sigorta AS's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Ray Sigorta AS's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Ray Sigorta AS's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Ray Sigorta AS (IST:RAYSG) has a Enterprise Value of ₺6,537 Mil as of Jul. 06, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ray Sigorta AS and its competitors.
Is Ray Sigorta AS's Enterprise Value too high?
Ray Sigorta AS's current Enterprise Value is ₺6,537 Mil. Overall, Ray Sigorta AS has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ray Sigorta AS's Enterprise Value compare to BRK.A and AIG?
Ray Sigorta AS's Enterprise Value of ₺6,537 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Insurance company?
A good Enterprise Value depends on the Insurance industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ray Sigorta AS and its competitors. Ray Sigorta AS's current Enterprise Value is ₺6,537 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Sigorta AS stock overvalued right now?
Based on GuruFocus' analysis, Ray Sigorta AS (IST:RAYSG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺620.57, compared to a current price of ₺184.00 — trading 70.3% below its estimated fair value. The current Enterprise Value is ₺6,537 Mil. Ray Sigorta AS's overall GF Score™ is 54/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Ray Sigorta AS (IST:RAYSG), the current Enterprise Value is ₺6,537 Mil as of Jul. 06, 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 Ray Sigorta AS (IST:RAYSG) Overvalued in 2026?
Based on GuruFocus' analysis, Ray Sigorta AS stock appears to be undervalued.
The current stock price of ₺184.00 is trading 70.3% below its estimated GF Value™ of ₺620.57.
GuruFocus considers Ray Sigorta AS to be Significantly Undervalued.
Key valuation signals for IST:RAYSG:
Enterprise Value: ₺6,537 Mil
GF Value™: ₺620.57 vs. price of ₺184.00 (70.3% below fair value)
No single metric tells the full story. See the IST:RAYSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Sigorta AS is a Turkey-based insurance company. It offers motor, household and health insurances. The motor insurance covers accidents such as the collision of the car with other motor or no-motor vehicles used on the road or railroad. Its household insurance secures house and goods against many risks such as fire, robbery, earthquake, and floods. The health insurance product consists of emergency health insurance, complementary health insurance, health insurance for foreigners and travel health insurance. Additionally, it also provides contracted health institutions and contracted auto services.
54GF Score
Get the complete analysis for IST:RAYSG
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IST:RAYSG has been successfully added to your 
