AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY) PB Ratio: 1.53 (As of Jul. 09, 2026) — 31% Above Median


IST:AHSGY AHES Gayrimenkul Yatirim Ortakligi AS IST:AHSGY
24 GF Score
Price ₺21.30
! 4 Warning Signs
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What is AHES Gayrimenkul Yatirim Ortakligi AS PB Ratio?

AHES Gayrimenkul Yatirim Ortakligi AS IST:AHSGY -2.74% 24 PB Ratio is 1.53 as of Jul. 09, 2026, which is 31% above its 10-year median of 1.17. GuruFocus rates IST:AHSGY with a GF Score™ of 24/100. The stock has 4 warning signs investors should review. Among 927 REITs companies, AHES Gayrimenkul Yatirim Ortakligi AS ranks worse than 85.44% 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 (2026-07-09), AHES Gayrimenkul Yatirim Ortakligi AS's share price is ₺21.30. AHES Gayrimenkul Yatirim Ortakligi AS's Book Value per Share for the quarter that ended in Mar. 2026 was ₺13.92. Hence, AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio of today is 1.53.

The historical rank and industry rank for AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio or its related term are showing as below:

IST:AHSGY' s PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 1.17   Max: 1.9
Current: 1.54

During the past 5 years, AHES Gayrimenkul Yatirim Ortakligi AS's highest PB Ratio was 1.90. The lowest was 0.64. And the median was 1.17.

IST:AHSGY's PB Ratio is ranked worse than
85.44% of 927 companies
in the REITs industry
Industry Median: 0.86 vs IST:AHSGY: 1.54

During the past 12 months, AHES Gayrimenkul Yatirim Ortakligi AS's average Book Value Per Share Growth Rate was 97.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 64.70% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of AHES Gayrimenkul Yatirim Ortakligi AS was 64.70% per year. The lowest was 38.00% per year. And the median was 51.35% per year.

Back to Basics: PB Ratio


AHES Gayrimenkul Yatirim Ortakligi AS  (IST:AHSGY) 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.


AHES Gayrimenkul Yatirim Ortakligi AS PB Ratio Related Terms


AHES Gayrimenkul Yatirim Ortakligi AS PB Ratio Historical Data

* Premium members only.

The historical data trend for AHES Gayrimenkul Yatirim Ortakligi AS'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.

AHES Gayrimenkul Yatirim Ortakligi AS PB Ratio Chart

AHES Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
0.00 0.00 0.00 0.91 1.31

AHES Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec21 Dec22 Mar23 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 0.79 0.75 1.18 1.31 1.34

IST:AHSGY vs VICI, WPC: PB Ratio Comparison

For the REIT - Diversified subindustry, AHES Gayrimenkul Yatirim Ortakligi 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.


AHES Gayrimenkul Yatirim Ortakligi AS PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio distribution charts can be found below:

* The bar in red indicates where AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio falls into.


IST:AHSGY
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AHES Gayrimenkul Yatirim Ortakligi AS IST:AHSGY
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AHES Gayrimenkul Yatirim Ortakligi AS 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.

AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=21.30/13.915
=1.53

* 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 1.53 mean?
AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY) has a PB Ratio of 1.53 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on AHES Gayrimenkul Yatirim Ortakligi AS and its competitors. This is 31% above median its historical median of 1.17. Over the past decade, AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio has ranged from 0.64 to 1.90. According to the industry distribution chart, AHES Gayrimenkul Yatirim Ortakligi AS ranks #792 out of 927 companies in the REITs industry, placing it in the top 85.4%.
Is AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio too high?
AHES Gayrimenkul Yatirim Ortakligi AS's current PB Ratio of 1.53 is 31% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.90. The REITs industry median PB Ratio is 0.86. AHES Gayrimenkul Yatirim Ortakligi AS's value of 1.53 is 77.9% above this industry median. Based on the distribution chart, AHES Gayrimenkul Yatirim Ortakligi AS ranks #792 out of 927 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, AHES Gayrimenkul Yatirim Ortakligi AS has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does AHES Gayrimenkul Yatirim Ortakligi AS's PB Ratio compare to VICI and WPC?
According to the REITs industry distribution chart, AHES Gayrimenkul Yatirim Ortakligi AS ranks #792 out of 927 companies for PB Ratio. This places AHES Gayrimenkul Yatirim Ortakligi AS in the lower half of its industry. The industry median PB Ratio is 0.86. AHES Gayrimenkul Yatirim Ortakligi AS's value of 1.53 is 77.9% above this benchmark. Historically, AHES Gayrimenkul Yatirim Ortakligi AS's own PB Ratio has ranged from 0.64 to 1.90 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 0.86, AHES 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 PB Ratio for a REITs company?
The median PB Ratio among REITs companies is 0.86, based on 927 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. AHES Gayrimenkul Yatirim Ortakligi AS's current PB Ratio of 1.53 is 77.9% 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 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 AHES Gayrimenkul Yatirim Ortakligi AS and its competitors. For the REITs industry, the median PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AHES Gayrimenkul Yatirim Ortakligi AS's current PB Ratio is 1.53, which is 31% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AHES Gayrimenkul Yatirim Ortakligi AS stock overvalued right now?
AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY) has a current PB Ratio of 1.53. The current PB Ratio is 1.53, which is 31% above median its 10-year median of 1.17 and 77.9% above the REITs industry median of 0.86. AHES Gayrimenkul Yatirim Ortakligi AS's overall GF Score™ is 24/100 with 4 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 AHES Gayrimenkul Yatirim Ortakligi AS (IST:AHSGY), the current PB Ratio is 1.53 as of Jul. 09, 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.

AHES Gayrimenkul Yatirim Ortakligi AS Business Description

Industry Real EstateREITs
Address Kısıklı Mah. Alemdag Cad. AHES, Business Center D Block No. 53, 2nd floor, Uskudar, Istanbul, TUR
AHES Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. It is operating in the real estate, construction, contracting and engineering sectors. The company offers an opportunity that opens the door to profitable investments in the future.
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₺21.30
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