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Emlak Konut Gayrimenkul Yatirim Ortakligi AS (IST:EKGYO) Cyclically Adjusted PS Ratio : 3.81 (As of Jun. 01, 2024)


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What is Emlak Konut Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Emlak Konut Gayrimenkul Yatirim Ortakligi AS's current share price is ₺8.85. Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was ₺2.32. Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio for today is 3.81.

The historical rank and industry rank for Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

IST:EKGYO' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.34   Med: 2.3   Max: 6.72
Current: 3.82

During the past years, Emlak Konut Gayrimenkul Yatirim Ortakligi AS's highest Cyclically Adjusted PS Ratio was 6.72. The lowest was 1.34. And the median was 2.30.

IST:EKGYO's Cyclically Adjusted PS Ratio is ranked better than
60.08% of 491 companies
in the REITs industry
Industry Median: 4.94 vs IST:EKGYO: 3.82

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Emlak Konut Gayrimenkul Yatirim Ortakligi AS's adjusted revenue per share data for the three months ended in Dec. 2023 was ₺4.285. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₺2.32 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emlak Konut Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS 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.

* Premium members only.

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Chart

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.78 2.39 1.93 5.33 2.96

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS 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 5.33 3.54 3.90 4.22 2.96

Competitive Comparison of Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio

For the REIT - Residential subindustry, Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio falls into.



Emlak Konut Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.85/2.32
=3.81

* 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.

Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Emlak Konut Gayrimenkul Yatirim Ortakligi AS's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.285/129.4194*129.4194
=4.285

Current CPI (Dec. 2023) = 129.4194.

Emlak Konut Gayrimenkul Yatirim Ortakligi AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 0.110 99.695 0.143
201406 0.096 100.560 0.124
201409 0.182 100.428 0.235
201412 0.107 99.070 0.140
201503 0.055 99.621 0.071
201506 0.071 100.684 0.091
201509 0.050 100.392 0.064
201512 0.304 99.792 0.394
201603 0.036 100.470 0.046
201606 0.326 101.688 0.415
201609 0.481 101.861 0.611
201612 0.107 101.863 0.136
201703 0.235 102.862 0.296
201706 0.139 103.349 0.174
201709 0.392 104.136 0.487
201712 0.299 104.011 0.372
201803 0.397 105.290 0.488
201806 0.237 106.317 0.289
201809 0.096 106.507 0.117
201812 0.346 105.998 0.422
201903 0.338 107.251 0.408
201906 0.558 108.070 0.668
201909 0.105 108.329 0.125
201912 0.517 108.420 0.617
202003 0.169 108.902 0.201
202006 0.177 108.767 0.211
202009 0.621 109.815 0.732
202012 0.265 109.897 0.312
202103 0.346 111.754 0.401
202106 0.624 114.631 0.704
202109 0.561 115.734 0.627
202112 0.313 117.630 0.344
202203 0.605 121.301 0.645
202206 0.657 125.017 0.680
202209 0.250 125.227 0.258
202212 3.568 125.222 3.688
202303 1.054 127.348 1.071
202306 1.643 128.729 1.652
202309 0.488 129.860 0.486
202312 4.285 129.419 4.285

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Emlak Konut Gayrimenkul Yatirim Ortakligi AS  (IST:EKGYO) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Emlak Konut Gayrimenkul Yatirim Ortakligi AS Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Emlak Konut Gayrimenkul Yatirim Ortakligi AS's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Emlak Konut Gayrimenkul Yatirim Ortakligi AS (IST:EKGYO) Business Description

Traded in Other Exchanges
N/A
Address
Barbaros Mahallesi, Mor Sumbul Sokak No :7/2 B, Atasehir, Istanbul, TUR
Emlak Konut Gayrimenkul Yatirim Ortakligi AS, or Emlak Konut REIT, is a Turkish real estate investment trust of which the main shareholder is the Turkish government through the Housing Development Administration of Turkey. The company is primarily engaged in the development and leasing of housing units in urban areas throughout Turkey. Emlak Konut primarily focuses on purchasing and developing real estate projects, such as apartments and townhomes, aimed at middle and upper-middle-class income groups. The vast majority of the company's total revenue is derived from revenue sharing projects in which property income is shared between multiple contractors. Most of the leases that Emlak Konut receives rental revenue from are short- to medium-term leases.

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