Torunlar Gayrimenkul Yatirim Ortakligi A.S.

IBSE:TRGYO Stock Report

Market Cap: ₺62.1b

Torunlar Gayrimenkul Yatirim Ortakligi Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 (TRY62.5) is trading above our estimate of fair value (TRY61.03)

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 Ratio10.1x
Earnings₺6.17b
Market Cap₺62.13b

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 Average10.4x
ZRGYO Ziraat Gayrimenkul Yatirim Ortakligi
22.7xn/a₺63.1b
AVPGY Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi
1.9xn/a₺22.9b
ISGYO Is Gayrimenkul Yatirim Ortakligi
10.7xn/a₺19.5b
DGGYO Dogus Gayrimenkul Yatirim Ortakligi
6.5xn/a₺14.1b
TRGYO Torunlar Gayrimenkul Yatirim Ortakligi
10.1x16.7%₺62.1b

Price-To-Earnings vs Peers: TRGYO is good value based on its Price-To-Earnings Ratio (10.1x) compared to the peer average (10.4x).

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$62.74m
No more companies available in this PE range
TRGYO 10.1xIndustry Avg. 4.8xNo. of Companies6PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRGYO is expensive based on its Price-To-Earnings Ratio (10.1x) compared to the TR REITs industry average (4.8x).

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 Ratio10.1x
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₺63.50
₺75.27
+18.5%
9.1%₺86.35₺69.15n/a4
Dec ’25₺57.85
₺66.55
+15.0%
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₺30.00₺57.853
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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 17:07
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Torunlar Gayrimenkul Yatirim Ortakligi A.S. is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ömer ÖmerbasAk Yatirim Menkul Degerler A.S.
Ovunc GursoyBNP Paribas Securities (Asia)
David TarantoBofA Global Research