Torunlar Gayrimenkul Yatirim Ortakligi A.S.

IBSE:TRGYO Stock Report

Market Cap: ₺57.7b

Torunlar Gayrimenkul Yatirim Ortakligi Valuation

Is TRGYO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRGYO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRGYO (TRY58) is trading above our estimate of fair value (TRY52.69)

Significantly Below Fair Value: TRGYO is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRGYO?

Key metric: As TRGYO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TRGYO. This is calculated by dividing TRGYO's market cap by their current earnings.
What is TRGYO's PE Ratio?
PE Ratio9.3x
Earnings₺6.17b
Market Cap₺57.66b

Price to Earnings Ratio vs Peers

How does TRGYO's PE Ratio compare to its peers?

The above table shows the PE ratio for TRGYO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.9x
ZRGYO Ziraat Gayrimenkul Yatirim Ortakligi
21.2xn/a₺58.9b
AVPGY Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi
1.9xn/a₺22.9b
ISGYO Is Gayrimenkul Yatirim Ortakligi
10.2xn/a₺18.6b
DGGYO Dogus Gayrimenkul Yatirim Ortakligi
6.5xn/a₺14.3b
TRGYO Torunlar Gayrimenkul Yatirim Ortakligi
9.3x64.4%₺57.7b

Price-To-Earnings vs Peers: TRGYO is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (9.9x).

Price to Earnings Ratio vs Industry

How does TRGYO's PE Ratio compare vs other companies in the TR REITs Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
YGYO Yesil Gayrimenkul Yatirim Ortakligi
0.9xn/aUS$60.97m
No more companies available in this PE range
TRGYO 9.3xIndustry Avg. 4.2xNo. of Companies6PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRGYO is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the TR REITs industry average (4.2x).

Price to Earnings Ratio vs Fair Ratio

What is TRGYO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRGYO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TRGYO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRGYO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺58.00
₺66.55
+14.7%
13.6%₺75.66₺51.48n/a4
Nov ’25₺47.46
₺66.55
+40.2%
13.6%₺75.66₺51.48n/a4
Oct ’25₺49.96
₺65.43
+31.0%
15.6%₺75.66₺51.48n/a3
Sep ’25₺47.90
₺61.49
+28.4%
12.5%₺69.15₺53.83n/a2
Aug ’25₺50.30
₺55.56
+10.5%
9.7%₺62.86₺50.00n/a3
Jul ’25₺51.50
₺55.56
+7.9%
9.7%₺62.86₺50.00n/a3
Jun ’25₺47.64
₺55.56
+16.6%
9.7%₺62.86₺50.00n/a3
May ’25₺45.04
₺55.56
+23.4%
9.7%₺62.86₺50.00n/a3
Apr ’25₺40.50
₺55.56
+37.2%
9.7%₺62.86₺50.00n/a3
Mar ’25₺37.50
₺55.56
+48.2%
9.7%₺62.86₺50.00n/a3
Feb ’25₺37.60
₺48.90
+30.0%
28.3%₺62.86₺30.00n/a3
Jan ’25₺31.70
₺48.90
+54.2%
28.3%₺62.86₺30.00n/a3
Dec ’24₺32.92
₺40.81
+24.0%
24.1%₺53.83₺30.00n/a3
Nov ’24₺33.50
₺40.81
+21.8%
24.1%₺53.83₺30.00₺47.463
Oct ’24₺33.44
₺34.30
+2.6%
12.5%₺38.59₺30.00₺49.962
Sep ’24₺25.80
₺34.30
+32.9%
12.5%₺38.59₺30.00₺47.902
Aug ’24₺23.82
₺29.35
+23.2%
2.2%₺30.00₺28.69₺50.302
Jul ’24₺18.14
₺29.35
+61.8%
2.2%₺30.00₺28.69₺51.502
Jun ’24₺16.33
₺24.83
+52.1%
25.8%₺30.00₺15.80₺47.643
May ’24₺13.29
₺22.80
+71.6%
28.8%₺30.00₺15.80₺45.044
Apr ’24₺13.82
₺20.40
+47.6%
28.8%₺28.69₺15.80₺40.503
Mar ’24₺15.96
₺20.40
+27.8%
28.8%₺28.69₺15.80₺37.503
Feb ’24₺14.60
₺20.40
+39.7%
28.8%₺28.69₺15.80₺37.603
Jan ’24₺19.30
₺16.26
-15.8%
2.8%₺16.72₺15.80₺31.702
Dec ’23₺18.40
₺16.26
-11.6%
2.8%₺16.72₺15.80₺32.922
Nov ’23₺12.33
₺9.61
-22.1%
10.7%₺10.63₺8.58₺33.502

Analyst Forecast: Target price is less than 20% higher than the current share price.

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6.0%

1Y

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7D

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