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Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Cyclically Adjusted PB Ratio : 2.15 (As of Jun. 06, 2024)


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What is Ozak Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio?

As of today (2024-06-06), Ozak Gayrimenkul Yatirim Ortakligi's current share price is ₺8.65. Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was ₺4.03. Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio for today is 2.15.

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

IST:OZKGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.85   Max: 5.89
Current: 2.13

During the past years, Ozak Gayrimenkul Yatirim Ortakligi's highest Cyclically Adjusted PB Ratio was 5.89. The lowest was 0.73. And the median was 1.85.

IST:OZKGY's Cyclically Adjusted PB Ratio is ranked worse than
85.86% of 495 companies
in the REITs industry
Industry Median: 0.77 vs IST:OZKGY: 2.13

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ozak Gayrimenkul Yatirim Ortakligi's adjusted book value per share data for the three months ended in Dec. 2023 was ₺23.453. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₺4.03 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ozak Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted 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.

* Premium members only.

Ozak Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio Chart

Ozak Gayrimenkul Yatirim Ortakligi Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.43 1.32 4.58 1.91

Ozak Gayrimenkul Yatirim Ortakligi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted 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 4.58 2.38 2.16 2.73 1.91

Competitive Comparison of Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio

For the REIT - Diversified subindustry, Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio falls into.



Ozak Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio Calculation

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

Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=8.65/4.03
=2.15

* 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.

Ozak Gayrimenkul Yatirim Ortakligi's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Ozak Gayrimenkul Yatirim Ortakligi's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=23.453/129.4194*129.4194
=23.453

Current CPI (Dec. 2023) = 129.4194.

Ozak Gayrimenkul Yatirim Ortakligi Quarterly Data

Book Value per Share CPI Adj_Book
201403 0.397 99.695 0.515
201406 0.400 100.560 0.515
201409 0.486 100.428 0.626
201412 0.561 99.070 0.733
201503 0.584 99.621 0.759
201506 0.669 100.684 0.860
201509 0.672 100.392 0.866
201512 0.786 99.792 1.019
201603 0.788 100.470 1.015
201606 0.790 101.688 1.005
201609 0.791 101.861 1.005
201612 0.778 101.863 0.988
201703 0.806 102.862 1.014
201706 0.808 103.349 1.012
201709 0.822 104.136 1.022
201712 1.018 104.011 1.267
201803 1.002 105.290 1.232
201806 1.018 106.317 1.239
201809 0.995 106.507 1.209
201812 1.278 105.998 1.560
201903 1.261 107.251 1.522
201906 1.257 108.070 1.505
201909 1.312 108.329 1.567
201912 1.689 108.420 2.016
202003 1.744 108.902 2.073
202006 1.775 108.767 2.112
202009 1.865 109.815 2.198
202012 2.410 109.897 2.838
202103 2.471 111.754 2.862
202106 2.547 114.631 2.876
202109 2.631 115.734 2.942
202112 4.638 117.630 5.103
202203 4.959 121.301 5.291
202206 5.639 125.017 5.838
202209 9.193 125.227 9.501
202212 20.321 125.222 21.002
202303 12.016 127.348 12.211
202306 17.296 128.729 17.389
202309 17.502 129.860 17.443
202312 23.453 129.419 23.453

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


Ozak Gayrimenkul Yatirim Ortakligi  (IST:OZKGY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Ozak Gayrimenkul Yatirim Ortakligi Cyclically Adjusted PB Ratio Related Terms

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Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Business Description

Traded in Other Exchanges
N/A
Address
Kazlicesme Mah. Kennedy Cad. No:52C, D:1 Zeytinburnu, Istanbul, TUR, 34020
Ozak Gayrimenkul Yatirim Ortakligi is a Turkey-based Real Estate Investment Trust. It maintains its land and project development studies in Housing, Commercial, Tourism, and Merchandise areas. Some of the projects of the company include Hayat Tepe Suites, Ozak Hayat Tepe, Bulvar216 and 34 Portall.

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