Merit Turizm Yatirim ve Isletme AS (IST:MERIT) EV-to-FCF: 22.64 (As of Aug. 18, 2026) — 66% Below Median

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IST:MERIT Merit Turizm Yatirim ve Isletme AS IST:MERIT
79 GF Score
Price ₺16.02
GF Value ₺22.57
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Merit Turizm Yatirim ve Isletme AS EV-to-FCF?

Merit Turizm Yatirim ve Isletme AS IST:MERIT 79 EV-to-FCF is 22.64 as of Aug. 18, 2026, which is 66% below its 10-year median of 67.06. GuruFocus rates IST:MERIT with a GF Score™ of 79/100 and a GF Value™ of ₺22.57 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 578 Travel & Leisure companies, Merit Turizm Yatirim ve Isletme AS ranks worse than 64.01% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Merit Turizm Yatirim ve Isletme AS's Enterprise Value is ₺5,386.6 Mil. Merit Turizm Yatirim ve Isletme AS's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₺238.0 Mil. Therefore, Merit Turizm Yatirim ve Isletme AS's EV-to-FCF for today is 22.64.

The historical rank and industry rank for Merit Turizm Yatirim ve Isletme AS's EV-to-FCF or its related term are showing as below:

IST:MERIT' s EV-to-FCF Range Over the Past 10 Years
Min: 3.08   Med: 67.06   Max: 84246.24
Current: 22.64

During the past 13 years, the highest EV-to-FCF of Merit Turizm Yatirim ve Isletme AS was 84246.24. The lowest was 3.08. And the median was 67.06.

IST:MERIT's EV-to-FCF is ranked worse than
64.01% of 578 companies
in the Travel & Leisure industry
Industry Median: 16.355 vs IST:MERIT: 22.64

EV-to-FCF 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.

As of today (2026-08-18), Merit Turizm Yatirim ve Isletme AS's stock price is ₺16.02. Merit Turizm Yatirim ve Isletme AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₺2.240. Therefore, Merit Turizm Yatirim ve Isletme AS's PE Ratio (TTM) for today is 7.15.


Merit Turizm Yatirim ve Isletme AS  (IST:MERIT) EV-to-FCF Explanation

EV-to-FCF 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.

Merit Turizm Yatirim ve Isletme AS's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=16.02/2.240
=7.15

Merit Turizm Yatirim ve Isletme AS's share price for today is ₺16.02.
Merit Turizm Yatirim ve Isletme AS'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 ₺2.240.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Merit Turizm Yatirim ve Isletme AS EV-to-FCF Related Terms


Merit Turizm Yatirim ve Isletme AS EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Merit Turizm Yatirim ve Isletme AS's EV-to-FCF 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.

Merit Turizm Yatirim ve Isletme AS EV-to-FCF Chart

Merit Turizm Yatirim ve Isletme AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.87 108.70 31.58 76.03 25.23

Merit Turizm Yatirim ve Isletme AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF 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 91.50 146.02 65.83 25.23 21.91

IST:MERIT vs LVS, MGM, WYNN: EV-to-FCF Comparison

For the Resorts & Casinos subindustry, Merit Turizm Yatirim ve Isletme AS's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


Merit Turizm Yatirim ve Isletme AS EV-to-FCF vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merit Turizm Yatirim ve Isletme AS's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Merit Turizm Yatirim ve Isletme AS's EV-to-FCF falls into.


IST:MERIT
79GF Score
Merit Turizm Yatirim ve Isletme AS IST:MERIT
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merit Turizm Yatirim ve Isletme AS EV-to-FCF Calculation

Merit Turizm Yatirim ve Isletme AS's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=5386.606/237.963
=22.64

Merit Turizm Yatirim ve Isletme AS's current Enterprise Value is ₺5,386.6 Mil.
Merit Turizm Yatirim ve Isletme 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 ₺238.0 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 22.64 mean?
Merit Turizm Yatirim ve Isletme AS (IST:MERIT) has a EV-to-FCF of 22.64 as of Aug. 18, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Merit Turizm Yatirim ve Isletme AS and its competitors. This is 66% below median its historical median of 67.06. Over the past decade, Merit Turizm Yatirim ve Isletme AS's EV-to-FCF has ranged from 3.08 to 84,246.24. According to the industry distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #370 out of 578 companies in the Travel & Leisure industry, placing it in the top 64%.
Is Merit Turizm Yatirim ve Isletme AS's EV-to-FCF too high?
Merit Turizm Yatirim ve Isletme AS's current EV-to-FCF of 22.64 is 66% below median its 10-year median of 67.06. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 84,246.24. The Travel & Leisure industry median EV-to-FCF is 16.36. Merit Turizm Yatirim ve Isletme AS's value of 22.64 is 38.4% above this industry median. Based on the distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #370 out of 578 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Merit Turizm Yatirim ve Isletme AS has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Turizm Yatirim ve Isletme AS's EV-to-FCF compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Merit Turizm Yatirim ve Isletme AS ranks #370 out of 578 companies for EV-to-FCF. This places Merit Turizm Yatirim ve Isletme AS in the lower half of its industry. The industry median EV-to-FCF is 16.36. Merit Turizm Yatirim ve Isletme AS's value of 22.64 is 38.4% above this benchmark. Historically, Merit Turizm Yatirim ve Isletme AS's own EV-to-FCF has ranged from 3.08 to 84,246.24 over the past decade. While the company's 10-year median is 67.06 vs. the industry median of 16.36, Merit Turizm Yatirim ve Isletme AS has consistently been above 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-FCF for a Travel & Leisure company?
The median EV-to-FCF among Travel & Leisure companies is 16.36, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merit Turizm Yatirim ve Isletme AS's current EV-to-FCF of 22.64 is 38.4% above 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Merit Turizm Yatirim ve Isletme AS and its competitors. For the Travel & Leisure industry, the median EV-to-FCF is 16.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merit Turizm Yatirim ve Isletme AS's current EV-to-FCF is 22.64, which is 66% below median its own 10-year median of 67.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Turizm Yatirim ve Isletme AS stock overvalued right now?
Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS (IST:MERIT) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺22.57, compared to a current price of ₺16.02 — trading 29% below its estimated fair value. The current EV-to-FCF is 22.64, which is 66% below median its 10-year median of 67.06 and 38.4% above the Travel & Leisure industry median of 16.36. Merit Turizm Yatirim ve Isletme AS's overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Merit Turizm Yatirim ve Isletme AS (IST:MERIT), the current EV-to-FCF is 22.64 as of Aug. 18, 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 Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Overvalued in 2026?

Based on GuruFocus' analysis, Merit Turizm Yatirim ve Isletme AS stock appears to be undervalued. The current stock price of ₺16.02 is trading 29% below its estimated GF Value™ of ₺22.57. GuruFocus considers Merit Turizm Yatirim ve Isletme AS to be Modestly Undervalued.

Key valuation signals for IST:MERIT:

  • EV-to-FCF: 22.64 (66% below median its 10-year median of 67.06)
  • GF Value™: ₺22.57 vs. price of ₺16.02 (29% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 38.4% above the Travel & Leisure median (#370 of 578)

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


Merit Turizm Yatirim ve Isletme AS Business Description

Address Etiler, Street No. 9, Besiktas, Istanbul, TUR, 34337
Merit Turizm Yatirim ve Isletme AS is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.
79GF Score

Get the complete analysis for IST:MERIT

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

₺16.02
Price
₺22.57
GF Value