ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) EV-to-FCF: 67.51 (As of Jul. 23, 2026) — 67% Above Median

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IST:ZRGYO ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
80 GF Score
Price ₺18.21
GF Value ₺13.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS EV-to-FCF?

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO -1.57% 80 EV-to-FCF is 67.51 as of Jul. 23, 2026, which is 67% above its 10-year median of 40.50. GuruFocus rates IST:ZRGYO with a GF Score™ of 80/100 and a GF Value™ of ₺13.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 736 REITs companies, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks worse than 86.28% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Enterprise Value is ₺94,332 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₺1,397 Mil. Therefore, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's EV-to-FCF for today is 67.51.

The historical rank and industry rank for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's EV-to-FCF or its related term are showing as below:

IST:ZRGYO' s EV-to-FCF Range Over the Past 10 Years
Min: -540.03   Med: 40.5   Max: 266.58
Current: 65.19

During the past 8 years, the highest EV-to-FCF of ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS was 266.58. The lowest was -540.03. And the median was 40.50.

IST:ZRGYO's EV-to-FCF is ranked worse than
86.28% of 736 companies
in the REITs industry
Industry Median: 23.45 vs IST:ZRGYO: 65.19

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 (2026-07-23), ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's stock price is ₺18.21. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₺1.630. Therefore, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's PE Ratio (TTM) for today is 11.17.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS  (IST:ZRGYO) 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=18.21/1.630
=11.17

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's share price for today is ₺18.21.
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 ₺1.630.

* 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS EV-to-FCF Related Terms


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS EV-to-FCF Historical Data

* Premium members only.

The historical data trend for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS EV-to-FCF Chart

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial 59.82 286.32 -28.59 17.79 91.54

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 32.87 41.53 72.11 91.54 83.20

IST:ZRGYO vs VICI, WPC: EV-to-FCF Comparison

For the REIT - Diversified subindustry, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS EV-to-FCF vs REITs Industry

For the REITs industry and Real Estate sector, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's EV-to-FCF falls into.


IST:ZRGYO
80GF Score
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS EV-to-FCF Calculation

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=94331.735/1397.268
=67.51

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Enterprise Value is ₺94,332 Mil.
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 ₺1,397 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 67.51 mean?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) has a EV-to-FCF of 67.51 as of Jul. 23, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. This is 67% above median its historical median of 40.50. According to the industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #635 out of 736 companies in the REITs industry, placing it in the top 86.3%.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's EV-to-FCF too high?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current EV-to-FCF of 67.51 is 67% above median its 10-year median of 40.50. The REITs industry median EV-to-FCF is 23.45. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 67.51 is 187.9% above this industry median. Based on the distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #635 out of 736 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's EV-to-FCF compare to VICI and WPC?
According to the REITs industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #635 out of 736 companies for EV-to-FCF. This places ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS in the lower half of its industry. The industry median EV-to-FCF is 23.45. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 67.51 is 187.9% above this benchmark. While the company's 10-year median is 40.50 vs. the industry median of 23.45, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 REITs company?
The median EV-to-FCF among REITs companies is 23.45, based on 736 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. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current EV-to-FCF of 67.51 is 187.9% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. For the REITs industry, the median EV-to-FCF is 23.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current EV-to-FCF is 67.51, which is 67% above median its own 10-year median of 40.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock overvalued right now?
Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.94, compared to a current price of ₺18.21 — trading 30.6% above its estimated fair value. The current EV-to-FCF is 67.51, which is 67% above median its 10-year median of 40.50 and 187.9% above the REITs industry median of 23.45. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's overall GF Score™ is 80/100 with 5 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO), the current EV-to-FCF is 67.51 as of Jul. 23, 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock appears to be overvalued. The current stock price of ₺18.21 is trading 30.6% above its estimated GF Value™ of ₺13.94. GuruFocus considers ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS to be Significantly Overvalued.

Key valuation signals for IST:ZRGYO:

  • EV-to-FCF: 67.51 (67% above median its 10-year median of 40.50)
  • GF Value™: ₺13.94 vs. price of ₺18.21 (30.6% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 187.9% above the REITs median (#635 of 736)

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


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Business Description

Industry Real EstateREITs
Address Sahrayi Cedit Mahallesi, Ataturk Caddesi No: 48, Kat: 8-9, Kozyatagi-Kadikoy, Istanbul, TUR, 34734
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.
80GF Score

Get the complete analysis for IST:ZRGYO

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

₺18.21
Price
₺13.94
GF Value