Turk Hava Yollari AO (IST:THYAO) ROE % Adjusted to Book Value: 10.19% (As of Mar. 2026)


IST:THYAO Turk Hava Yollari AO IST:THYAO
81 GF Score
Price ₺330.75
GF Value ₺467.65
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Turk Hava Yollari AO ROE % Adjusted to Book Value?

Turk Hava Yollari AO IST:THYAO +0.68% 81 ROE % Adjusted to Book Value is 10.19% as of Mar. 2026. GuruFocus rates IST:THYAO with a GF Score™ of 81/100 and a GF Value™ of ₺467.65 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Turk Hava Yollari AO's ROE % for the quarter that ended in Mar. 2026 was 4.28%. Turk Hava Yollari AO's PB Ratio for the quarter that ended in Mar. 2026 was 0.42. Turk Hava Yollari AO's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 10.19%.


Turk Hava Yollari AO ROE % Adjusted to Book Value Related Terms


Turk Hava Yollari AO ROE % Adjusted to Book Value Historical Data

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The historical data trend for Turk Hava Yollari AO's ROE % Adjusted to Book Value 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.

Turk Hava Yollari AO ROE % Adjusted to Book Value Chart

Turk Hava Yollari AO Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 41.67 32.36 80.10 37.26 38.22

Turk Hava Yollari AO Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 -1.56 28.94 56.20 41.95 10.19

IST:THYAO vs DAL, UAL, LUV: ROE % Adjusted to Book Value Comparison

For the Airlines subindustry, Turk Hava Yollari AO's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.


Turk Hava Yollari AO ROE % Adjusted to Book Value vs Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's ROE % Adjusted to Book Value falls into.


IST:THYAO
81GF Score
Turk Hava Yollari AO IST:THYAO
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Turk Hava Yollari AO ROE % Adjusted to Book Value Calculation

Turk Hava Yollari AO's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=15.67% / 0.41
=38.22%

Turk Hava Yollari AO's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=4.28% / 0.42
=10.19%

* 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.

What does a ROE % Adjusted to Book Value of 10.19% mean?
Turk Hava Yollari AO (IST:THYAO) has a ROE % Adjusted to Book Value of 10.19% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Turk Hava Yollari AO and its competitors.
Is Turk Hava Yollari AO's ROE % Adjusted to Book Value too high?
Turk Hava Yollari AO's current ROE % Adjusted to Book Value is 10.19%. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's ROE % Adjusted to Book Value compare to DAL and UAL?
Turk Hava Yollari AO's ROE % Adjusted to Book Value of 10.19% can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Transportation company?
A good ROE % Adjusted to Book Value depends on the Transportation industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Turk Hava Yollari AO and its competitors. Turk Hava Yollari AO's current ROE % Adjusted to Book Value is 10.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺467.65, compared to a current price of ₺330.75 — trading 29.3% below its estimated fair value. The current ROE % Adjusted to Book Value is 10.19%. Turk Hava Yollari AO's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Turk Hava Yollari AO (IST:THYAO), the current ROE % Adjusted to Book Value is 10.19% 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 Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?

Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued. The current stock price of ₺330.75 is trading 29.3% below its estimated GF Value™ of ₺467.65. GuruFocus considers Turk Hava Yollari AO to be Modestly Undervalued.

Key valuation signals for IST:THYAO:

  • ROE % Adjusted to Book Value: 10.19%
  • GF Value™: ₺467.65 vs. price of ₺330.75 (29.3% below fair value)
  • GF Score™: 81/100 with 8 warning signs

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


Turk Hava Yollari AO Business Description

Other Exchanges TKHVY:USATU5A:Germany
Address Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺330.75
Price
₺467.65
GF Value