Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Turkiye Halk Bankasi ASIST:HALKB 45 PB Ratio is 1.25 as of Jul. 15, 2026, which is 136% above its 10-year median of 0.53. GuruFocus rates IST:HALKB with a GF Score™ of 45/100 and a GF Value™ of ₺49.95 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,517 Banks companies, Turkiye Halk Bankasi AS ranks worse than 61.63% on this metric.
The historical rank and industry rank for Turkiye Halk Bankasi AS's PB Ratio or its related term are showing as below:
IST:HALKB'
s PB Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.53 Max: 1.62
Current: 1.25
During the past 13 years, Turkiye Halk Bankasi AS's highest PB Ratio was 1.62. The lowest was 0.19. And the median was 0.53.
IST:HALKB's PB Ratio is ranked worse than 61.63% of 1517
companies
in the Banks industry
Industry Median: 1.11
vs IST:HALKB: 1.25
During the past 12 months, Turkiye Halk Bankasi AS's average Book Value Per Share Growth Rate was 30.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Turkiye Halk Bankasi AS was 26.80% per year. The lowest was -10.60% per year. And the median was 17.00% per year.
Back to Basics: PB Ratio
Turkiye Halk Bankasi AS (IST:HALKB) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
Turkiye Halk Bankasi AS PB Ratio Competitor Comparison
For the Banks - Regional subindustry, Turkiye Halk Bankasi AS's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Turkiye Halk Bankasi AS PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Turkiye Halk Bankasi AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Turkiye Halk Bankasi AS's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Turkiye Halk Bankasi AS (IST:HALKB) has a PB Ratio of 1.25 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Turkiye Halk Bankasi AS and its competitors. This is 136% above median its historical median of 0.53. Over the past decade, Turkiye Halk Bankasi AS's PB Ratio has ranged from 0.19 to 1.62. According to the industry distribution chart, Turkiye Halk Bankasi AS ranks #935 out of 1517 companies in the Banks industry, placing it in the top 61.6%.
Is Turkiye Halk Bankasi AS's PB Ratio too high?
Turkiye Halk Bankasi AS's current PB Ratio of 1.25 is 136% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.62. The Banks industry median PB Ratio is 1.11. Turkiye Halk Bankasi AS's value of 1.25 is 12.6% above this industry median. Based on the distribution chart, Turkiye Halk Bankasi AS ranks #935 out of 1517 companies in the Banks industry, which is below the industry midpoint. Overall, Turkiye Halk Bankasi AS has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turkiye Halk Bankasi AS's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Turkiye Halk Bankasi AS ranks #935 out of 1517 companies for PB Ratio. This places Turkiye Halk Bankasi AS in the lower half of its industry. The industry median PB Ratio is 1.11. Turkiye Halk Bankasi AS's value of 1.25 is 12.6% above this benchmark. Historically, Turkiye Halk Bankasi AS's own PB Ratio has ranged from 0.19 to 1.62 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.11, Turkiye Halk Bankasi 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 PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.11, based on 1,517 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Turkiye Halk Bankasi AS's current PB Ratio of 1.25 is 12.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Turkiye Halk Bankasi AS and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turkiye Halk Bankasi AS's current PB Ratio is 1.25, which is 136% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turkiye Halk Bankasi AS stock overvalued right now?
Based on GuruFocus' analysis, Turkiye Halk Bankasi AS (IST:HALKB) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺49.95, compared to a current price of ₺39.34 — trading 21.2% below its estimated fair value. The current PB Ratio is 1.25, which is 136% above median its 10-year median of 0.53 and 12.6% above the Banks industry median of 1.11. Turkiye Halk Bankasi AS's overall GF Score™ is 45/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Turkiye Halk Bankasi AS (IST:HALKB), the current PB Ratio is 1.25 as of Jul. 15, 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 Turkiye Halk Bankasi AS (IST:HALKB) Overvalued in 2026?
Based on GuruFocus' analysis, Turkiye Halk Bankasi AS stock appears to be undervalued.
The current stock price of ₺39.34 is trading 21.2% below its estimated GF Value™ of ₺49.95.
GuruFocus considers Turkiye Halk Bankasi AS to be Modestly Undervalued.
Key valuation signals for IST:HALKB:
PB Ratio: 1.25 (136% above median its 10-year median of 0.53)
GF Value™: ₺49.95 vs. price of ₺39.34 (21.2% below fair value)
Industry Position: 12.6% above the Banks median (#935 of 1517)
No single metric tells the full story. See the IST:HALKB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turkiye Halk Bankasi AS is a bank operating in Turkey. The bank's controlling shareholder is the Privatization Administration of Turkey, a government agency. Halkbank's strategic focus since its founding is customer service and small to midsize enterprise banking, with a significant portion of its total loan portfolio dedicated to this segment. Halkbank specifically offers loans and products tailored for SMEs. Net interest income constitutes a majority of the bank's net revenue, of which its SME segment is the majority contributor. A significant portion of its nonperforming loans come from the manufacturing industry.
45GF Score
Get the complete analysis for IST:HALKB
PB Ratio 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:HALKB has been successfully added to your 
