Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) PB Ratio: 4.01 (As of Jul. 02, 2026) — 53% Below Median


IST:SMRTG Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS IST:SMRTG
79 GF Score
Price ₺11.18
GF Value ₺11.51
Valuation Fairly Valued
! 11 Warning Signs
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What is Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS PB Ratio?

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS IST:SMRTG +0.45% 79 PB Ratio is 4.01 as of Jul. 02, 2026, which is 53% below its 10-year median of 8.45. GuruFocus rates IST:SMRTG with a GF Score™ of 79/100 and a GF Value™ of ₺11.51 (Fairly Valued). The stock has 11 warning signs investors should review. Among 999 Semiconductors companies, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks worse than 52.65% 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 (2026-07-02), Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's share price is ₺11.18. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Book Value per Share for the quarter that ended in Mar. 2026 was ₺2.79. Hence, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio of today is 4.01.

The historical rank and industry rank for Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio or its related term are showing as below:

IST:SMRTG' s PB Ratio Range Over the Past 10 Years
Min: 2.31   Med: 8.45   Max: 56.8
Current: 4

During the past 8 years, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's highest PB Ratio was 56.80. The lowest was 2.31. And the median was 8.45.

IST:SMRTG's PB Ratio is ranked worse than
52.65% of 999 companies
in the Semiconductors industry
Industry Median: 3.77 vs IST:SMRTG: 4.00

During the past 12 months, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's average Book Value Per Share Growth Rate was 41.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 47.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 143.70% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS was 345.00% per year. The lowest was 47.60% per year. And the median was 228.10% per year.

Back to Basics: PB Ratio


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS  (IST:SMRTG) 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.


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS PB Ratio Related Terms


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS PB Ratio Historical Data

* Premium members only.

The historical data trend for Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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.

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS PB Ratio Chart

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 18.52 10.92 5.35 3.01

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS 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 5.46 4.58 4.50 3.01 2.30

IST:SMRTG vs FSLR, NXT, ENPH: PB Ratio Comparison

For the Solar subindustry, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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.


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio distribution charts can be found below:

* The bar in red indicates where Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio falls into.


IST:SMRTG
79GF Score
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS IST:SMRTG
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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.

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=11.18/2.785
=4.01

* 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 4.01 mean?
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) has a PB Ratio of 4.01 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS and its competitors. This is 53% below median its historical median of 8.45. Over the past decade, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio has ranged from 2.31 to 56.80. According to the industry distribution chart, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks #526 out of 999 companies in the Semiconductors industry, placing it in the top 52.7%.
Is Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio too high?
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's current PB Ratio of 4.01 is 53% below median its 10-year median of 8.45. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 56.80. The Semiconductors industry median PB Ratio is 3.77. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's value of 4.01 is 6.4% above this industry median. Based on the distribution chart, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks #526 out of 999 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks #526 out of 999 companies for PB Ratio. This places Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS in the lower half of its industry. The industry median PB Ratio is 3.77. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's value of 4.01 is 6.4% above this benchmark. Historically, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's own PB Ratio has ranged from 2.31 to 56.80 over the past decade. While the company's 10-year median is 8.45 vs. the industry median of 3.77, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.77, based on 999 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. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's current PB Ratio of 4.01 is 6.4% 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 Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS and its competitors. For the Semiconductors industry, the median PB Ratio is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's current PB Ratio is 4.01, which is 53% below median its own 10-year median of 8.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS stock overvalued right now?
Based on GuruFocus' analysis, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) is currently considered Fairly Valued. The stock's GF Value™ is ₺11.51, compared to a current price of ₺11.18 — trading 2.9% below its estimated fair value. The current PB Ratio is 4.01, which is 53% below median its 10-year median of 8.45 and 6.4% above the Semiconductors industry median of 3.77. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's overall GF Score™ is 79/100 with 11 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 Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG), the current PB Ratio is 4.01 as of Jul. 02, 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 Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) Overvalued in 2026?

Based on GuruFocus' analysis, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS stock appears to be undervalued. The current stock price of ₺11.18 is trading 2.9% below its estimated GF Value™ of ₺11.51. GuruFocus considers Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS to be Fairly Valued.

Key valuation signals for IST:SMRTG:

  • PB Ratio: 4.01 (53% below median its 10-year median of 8.45)
  • GF Value™: ₺11.51 vs. price of ₺11.18 (2.9% below fair value)
  • GF Score™: 79/100 with 11 warning signs
  • Industry Position: 6.4% above the Semiconductors median (#526 of 999)

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


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Business Description

Address Feragat Street No-2, Ruzgarlybahce, 6th Floor, Energy Plaza, Beykoz, Istanbul, TUR
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS, formerly Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants.
79GF Score

Get the complete analysis for IST:SMRTG

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

₺11.18
Price
₺11.51
GF Value