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, Turk Hava Yollari AO's Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₺172,059 Mil. Therefore, Turk Hava Yollari AO's EV-to-EBIT ratio for today is 5.82.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Turk Hava Yollari AO's Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₺276,105 Mil. Therefore, Turk Hava Yollari AO's EV-to-EBITDA ratio for today is 3.62.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Turk Hava Yollari AO's Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₺1,051,367 Mil. Therefore, Turk Hava Yollari AO's EV-to-Revenue ratio for today is 0.95.
*** 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.
Turk Hava Yollari AO (IST:THYAO) 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.
Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO'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 ₺172,059 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO'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 ₺276,105 Mil.
Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO'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 ₺1,051,367 Mil.
Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 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.
Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 Mil.
Turk Hava Yollari AO'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 ₺88,420 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 Enterprise Value Related Terms
Turk Hava Yollari AO Enterprise Value Historical Data
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The historical data trend for Turk Hava Yollari AO'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:THYAO vs DAL, UAL, LUV: Enterprise Value Comparison
For the Airlines subindustry, Turk Hava Yollari AO'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.
Turk Hava Yollari AO Enterprise Value vs Transportation Industry
For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Turk Hava Yollari AO'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.
Turk Hava Yollari AO'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.
What does a Enterprise Value of ₺1,000,748 Mil mean?
Turk Hava Yollari AO (IST:THYAO) has a Enterprise Value of ₺1,000,748 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Turk Hava Yollari AO and its competitors.
Is Turk Hava Yollari AO's Enterprise Value too high?
Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 Mil. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's Enterprise Value compare to DAL and UAL?
Turk Hava Yollari AO's Enterprise Value of ₺1,000,748 Mil 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 Enterprise Value for a Transportation company?
A good Enterprise Value depends on the Transportation 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 Turk Hava Yollari AO and its competitors. Turk Hava Yollari AO's current Enterprise Value is ₺1,000,748 Mil. 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 Modestly Undervalued. The stock's GF Value™ is ₺467.65, compared to a current price of ₺330.75 — trading 29.3% below its estimated fair value. The current Enterprise Value is ₺1,000,748 Mil. Turk Hava Yollari AO's overall GF Score™ is 81/100 with 8 warning signs to review. 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 Turk Hava Yollari AO (IST:THYAO), the current Enterprise Value is ₺1,000,748 Mil as of Jun. 27, 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 ₺330.75 is trading 29.3% below its estimated GF Value™ of ₺467.65.
GuruFocus considers Turk Hava Yollari AO to be Modestly Undervalued.
Key valuation signals for IST:THYAO:
Enterprise Value: ₺1,000,748 Mil
GF Value™: ₺467.65 vs. price of ₺330.75 (29.3% below fair value)
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.
81GF Score
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