HEPS (D-MARKET Electronic Services & Trading) PB Ratio: 37.66 (As of Jun. 26, 2026) — 810% Above Median


HEPS D-MARKET Electronic Services & Trading HEPS
70 GF Score
Price $2.90
GF Value $2.15
Valuation Significantly Overvalued
! 6 Warning Signs
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What is D-MARKET Electronic Services & Trading PB Ratio?

D-MARKET Electronic Services & Trading HEPS -0.34% 70 PB Ratio is 37.66 as of Jun. 26, 2026, which is 810% above its 10-year median of 4.14. GuruFocus rates HEPS with a GF Score™ of 70/100 and a GF Value™ of $2.15 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,077 Retail - Cyclical companies, D-MARKET Electronic Services & Trading ranks worse than 98.89% on this metric.

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. As of today (2026-06-26), D-MARKET Electronic Services & Trading's share price is $2.90. D-MARKET Electronic Services & Trading's Book Value per Share for the quarter that ended in Mar. 2026 was $0.08. Hence, D-MARKET Electronic Services & Trading's PB Ratio of today is 37.66.

The historical rank and industry rank for D-MARKET Electronic Services & Trading's PB Ratio or its related term are showing as below:

HEPS' s PB Ratio Range Over the Past 10 Years
Min: 1.26   Med: 4.14   Max: 41.45
Current: 36.25

During the past 8 years, D-MARKET Electronic Services & Trading's highest PB Ratio was 41.45. The lowest was 1.26. And the median was 4.14.

HEPS's PB Ratio is ranked worse than
98.89% of 1077 companies
in the Retail - Cyclical industry
Industry Median: 1.44 vs HEPS: 36.25

During the past 12 months, D-MARKET Electronic Services & Trading's average Book Value Per Share Growth Rate was -73.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -40.00% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of D-MARKET Electronic Services & Trading was -27.70% per year. The lowest was -40.00% per year. And the median was -33.85% per year.

Back to Basics: PB Ratio


D-MARKET Electronic Services & Trading  (NAS:HEPS) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


D-MARKET Electronic Services & Trading PB Ratio Related Terms


D-MARKET Electronic Services & Trading PB Ratio Historical Data

* Premium members only.

The historical data trend for D-MARKET Electronic Services & Trading's PB Ratio 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.

D-MARKET Electronic Services & Trading PB Ratio Chart

D-MARKET Electronic Services & Trading Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 1.75 1.19 3.58 7.95 18.79

D-MARKET Electronic Services & Trading Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio 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 10.33 12.16 42.03 18.79 34.03

HEPS vs AMZN, BABA, PDD: PB Ratio Comparison

For the Internet Retail subindustry, D-MARKET Electronic Services & Trading'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.


D-MARKET Electronic Services & Trading PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, D-MARKET Electronic Services & Trading's PB Ratio distribution charts can be found below:

* The bar in red indicates where D-MARKET Electronic Services & Trading's PB Ratio falls into.


HEPS
70GF Score
D-MARKET Electronic Services & Trading HEPS
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

D-MARKET Electronic Services & Trading PB Ratio Calculation

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.

D-MARKET Electronic Services & Trading's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=2.90/0.077
=37.66

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 37.66 mean?
D-MARKET Electronic Services & Trading (HEPS) has a PB Ratio of 37.66 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on D-MARKET Electronic Services & Trading and its competitors. This is 810% above median its historical median of 4.14. Over the past decade, D-MARKET Electronic Services & Trading's PB Ratio has ranged from 1.26 to 41.45. According to the industry distribution chart, D-MARKET Electronic Services & Trading ranks #1065 out of 1077 companies in the Retail - Cyclical industry, placing it in the top 98.9%.
Is D-MARKET Electronic Services & Trading's PB Ratio too high?
D-MARKET Electronic Services & Trading's current PB Ratio of 37.66 is 810% above median its 10-year median of 4.14. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 41.45. The Retail - Cyclical industry median PB Ratio is 1.44. D-MARKET Electronic Services & Trading's value of 37.66 is 2515.3% above this industry median. Based on the distribution chart, D-MARKET Electronic Services & Trading ranks #1065 out of 1077 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, D-MARKET Electronic Services & Trading has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-MARKET Electronic Services & Trading's PB Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, D-MARKET Electronic Services & Trading ranks #1065 out of 1077 companies for PB Ratio. This places D-MARKET Electronic Services & Trading in the lower half of its industry. The industry median PB Ratio is 1.44. D-MARKET Electronic Services & Trading's value of 37.66 is 2515.3% above this benchmark. Historically, D-MARKET Electronic Services & Trading's own PB Ratio has ranged from 1.26 to 41.45 over the past decade. While the company's 10-year median is 4.14 vs. the industry median of 1.44, D-MARKET Electronic Services & Trading 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.44, based on 1,077 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. D-MARKET Electronic Services & Trading's current PB Ratio of 37.66 is 2515.3% 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 D-MARKET Electronic Services & Trading and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-MARKET Electronic Services & Trading's current PB Ratio is 37.66, which is 810% above median its own 10-year median of 4.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-MARKET Electronic Services & Trading stock overvalued right now?
Based on GuruFocus' analysis, D-MARKET Electronic Services & Trading (HEPS) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.15, compared to a current price of $2.90 — trading 34.9% above its estimated fair value. The current PB Ratio is 37.66, which is 810% above median its 10-year median of 4.14 and 2515.3% above the Retail - Cyclical industry median of 1.44. D-MARKET Electronic Services & Trading's overall GF Score™ is 70/100 with 6 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 D-MARKET Electronic Services & Trading (HEPS), the current PB Ratio is 37.66 as of Jun. 26, 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 D-MARKET Electronic Services & Trading (HEPS) Overvalued in 2026?

Based on GuruFocus' analysis, D-MARKET Electronic Services & Trading stock appears to be overvalued. The current stock price of $2.90 is trading 34.9% above its estimated GF Value™ of $2.15. GuruFocus considers D-MARKET Electronic Services & Trading to be Significantly Overvalued.

Key valuation signals for HEPS:

  • PB Ratio: 37.66 (810% above median its 10-year median of 4.14)
  • GF Value™: $2.15 vs. price of $2.90 (34.9% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 2515.3% above the Retail - Cyclical median (#1065 of 1077)

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


D-MARKET Electronic Services & Trading Business Description

Other Exchanges HEPSD:Kazakhstan8WZ:Germany
Address Kustepe Mahallesi Mecidiyekoy Yolu, Trump Tower, Cadde no: 12 Tower: 2 Floor:2, K2 Sisli, Istanbul, TUR, 34387
D-MARKET Electronic Services & Trading offers an e-commerce platform in Turkey and the surrounding region. The company is comprised of one reportable segment, namely e-commerce operations. It's portfolio offers its retail customers a wide selection of merchandise including electronics and non-electronics (including books, sports, toys, kids and baby products, cosmetics, furniture, etc). The Group derives revenue from the sales of goods, marketplace revenues and other revenues.
70GF Score

Get the complete analysis for HEPS

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

$2.90
Price
$2.15
GF Value