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Celebi Hava Servisi ASIST:CLEBI -1.02%73 Graham Number is ₺902.96 as of Mar. 2026, which is 100% below its 10-year median of 2.57. GuruFocus rates IST:CLEBI with a GF Score™ of 73/100 and a GF Value™ of ₺2,314.24 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 740 Transportation companies, Celebi Hava Servisi AS ranks worse than 72.7% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
Celebi Hava Servisi AS (IST:CLEBI) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Celebi Hava Servisi AS's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1451.00
/
902.96
=
1.61
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Celebi Hava Servisi AS Graham Number Related Terms
Celebi Hava Servisi AS Graham Number Historical Data
* 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 Airports & Air Services subindustry, Celebi Hava Servisi AS's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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.
Celebi Hava Servisi AS Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, Celebi Hava Servisi AS's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Celebi Hava Servisi AS's Price-to-Graham-Number falls into.
* 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.
Celebi Hava Servisi AS (IST:CLEBI) has a Graham Number of ₺902.96 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Celebi Hava Servisi AS and its competitors. This is 35035% above median its historical median of 2.57. Over the past decade, Celebi Hava Servisi AS's Graham Number has ranged from 1.60 to 8.95. According to the industry distribution chart, Celebi Hava Servisi AS ranks #538 out of 740 companies in the Transportation industry, placing it in the top 72.7%.
Is Celebi Hava Servisi AS's Graham Number too high?
Celebi Hava Servisi AS's current Graham Number of ₺902.96 is 35035% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 8.95. Based on the distribution chart, Celebi Hava Servisi AS ranks #538 out of 740 companies in the Transportation industry, which is below the industry midpoint. Overall, Celebi Hava Servisi AS has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celebi Hava Servisi AS's Graham Number compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Celebi Hava Servisi AS ranks #538 out of 740 companies for Graham Number. This places Celebi Hava Servisi AS in the lower half of its industry. The industry median Graham Number is 1.02. Historically, Celebi Hava Servisi AS's own Graham Number has ranged from 1.60 to 8.95 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Transportation company?
The median Graham Number among Transportation companies is 1.02, based on 740 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Celebi Hava Servisi AS and its competitors. For the Transportation industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celebi Hava Servisi AS's current Graham Number is ₺902.96, which is 35035% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celebi Hava Servisi AS stock overvalued right now?
Based on GuruFocus' analysis, Celebi Hava Servisi AS (IST:CLEBI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺2,314.24, compared to a current price of ₺1,451.00 — trading 37.3% below its estimated fair value. The current Graham Number is ₺902.96, which is 35035% above median its 10-year median of 2.57. Celebi Hava Servisi AS's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Celebi Hava Servisi AS (IST:CLEBI), the current Graham Number is ₺902.96 as of Mar. 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 Celebi Hava Servisi AS (IST:CLEBI) Overvalued in 2026?
Based on GuruFocus' analysis, Celebi Hava Servisi AS stock appears to be undervalued.
The current stock price of ₺1,451.00 is trading 37.3% below its estimated GF Value™ of ₺2,314.24.
GuruFocus considers Celebi Hava Servisi AS to be Significantly Undervalued.
Key valuation signals for IST:CLEBI:
Graham Number: ₺902.96 (35035% above median its 10-year median of 2.57)
GF Value™: ₺2,314.24 vs. price of ₺1,451.00 (37.3% below fair value)
No single metric tells the full story. See the IST:CLEBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.
73GF Score
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