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Data-driven stock valuation

Ard Grup Bilisim Teknolojileri AS (ARDYZ) fair value: what the stock is really worth

As of Oct 30, 2026: fair value (intrinsic value) of Ard Grup Bilisim Teknolojileri AS stock TRY 41.80, price TRY 50.50, that is 17.2% below the price, quality 30 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Technology TR · ISIN TREARDY00023

AG Ard Grup Bilisim Teknolojileri AS logo Some data Oct 29, 2026

Ard Grup Bilisim Teknolojileri AS

ARDYZ · IS
Expensive, weak quality

Our calculation puts a fair price 17% below what the stock costs today.

Solidly profitable · 17.2% net margin (TTM)
Low debt
Expensive Growth (revenue 5y +102.1 %/yr in TRY)
Mixed vs. peers (7/12)
Wide moat 72/100 · thin data
Some data
Fair value 41.80 TRY · Overvalued (−17.2%)
Quality 30/100
Negative free cash flow
⚠ Dilution

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

96.00 TRY 4.62 TRY Fair Value 41.80 TRY Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.

How to read this chart

60‑month range 4.62 TRY – 96.00 TRY · fair‑value band 31.14 TRY – 55.53 TRY · the 50.50 TRY price screens above the 41.80 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.

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Company profile

Ard Grup Bilisim Teknolojileri Anonim Sirketi provides information technology solutions for the public and private sectors in Turkey.

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The company offers enterprise software solutions, including corporate information management system, corporate identity and access management systems, enterprise equipment tracking, enterprise equipment tracking systems, e-government projects, RFID-based software and integration solutions, vehicle tracking and security control systems, logistic warehouse and container tracking systems, textile tracking and process management solutions, and social media tracking systems, as well as staff, visitor, and person tracking systems.

It also provides health system solutions, such as sterilization, patient, baby, hospital textile, hospital fixtures, medical equipment, and hospital warehouse tracking systems; and cloud services.

In addition, the company information system solutions, which include server, virtualization disaster recovery center, traceability and process management applications, and components supply of enterprise information systems.

Further, it offers various command center and security solutions; and smart technology solutions comprising smart highway, bridge, tunnel, secure campus, factory and manufacture, conference hall and meeting room, classroom, distance education, and city and traffic solutions.

The company was incorporated in 2011 and is headquartered in Ankara, Turkey.

Stock analysis

Ard Grup Bilisim Teknolojileri AS (ARDYZ) currently trades at 50.50 TRY, while our model-based Fair Value estimate is 41.80 TRY, 17.2% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 88.18 TRY per share, and 6 of the 12 models we run sit above the 50.50 TRY price.

Bear case: the Economic Profit group reads lowest at 13.21 TRY, and 6 of the 12 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 31.14 TRY (bear) to 55.53 TRY (bull), the price of 50.50 TRY sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 30/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Ard Grup Bilisim Teknolojileri AS reported revenue of 4.2B TRY in FY2025 versus 278M TRY in FY2021, a compound +97.4%/yr. Reported net income was 542M TRY in FY2025, compounding +37.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 15.7B TRY (≈ $314M) Small · P/E ratio 27.3 · P/S ratio 3.50 · EPS (TTM) 1.85 TRY · Net margin 12.8% · Return on equity 23.2% · Return on assets (EBIT) 28.2% · Operating margin 44.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).

What moves the price

The share trades about 47% below its 52-week high and 97% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at −17%, ARDYZ screens richer than that median.

Fair Value models

Bear 31.14 TRY Fair Value 41.80 TRY Bull 55.53 TRY
Price 50.50 TRY · Downside -17.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.55 TRY per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV 24.36 TRY 26.88 TRY 28.88 TRY 74
ROIC Compounder 28.95 TRY 39.35 TRY 45.21 TRY 70
Residual Income 12.45 TRY 13.21 TRY 14.87 TRY 68
All 12 models by family
Earnings-Based
Graham-Dodd 11.86 TRY 82.74 TRY 116.12 TRY 61
Lynch FV 42.75 TRY 61.07 TRY 79.39 TRY 59
PEG = 1.0 42.75 TRY 61.07 TRY 79.39 TRY 55
EPV 24.36 TRY 26.88 TRY 28.88 TRY 74
Multiples
P/E Multiple 36.64 TRY 48.86 TRY 61.07 TRY 63
P/S Multiple 22.25 TRY 29.66 TRY 37.08 TRY 58
EV/EBIT 69.88 TRY 94.72 TRY 119.55 TRY 66
EV/EBITDA 83.49 TRY 112.86 TRY 142.23 TRY 67
EV/Revenue 33.04 TRY 49.18 TRY 65.33 TRY 53
Economic Profit
Residual Income 12.45 TRY 13.21 TRY 14.87 TRY 68
ROIC Compounder 28.95 TRY 39.35 TRY 45.21 TRY 70
Growth Earnings
Growth-Adj P/E 61.73 TRY 88.18 TRY 114.64 TRY 65

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 30/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 45
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 24
Do the profits arrive as real cash?
Financial strength 60
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 43
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 68
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+55.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+96.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+102.1%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+87.7%
What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+58.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+58.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.56% → 30%

ARDYZ screens overvalued: fair value 17% below the price. Compare with International Business Machines Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Information Technology Services · 478 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −17.2% · Below median
Profitability
Return on equity (12 months) 23.2% · Top 25%
Return on assets 6.4% · Above median
Net margin (12 months) 17.2% · Top 25%
Operating margin (12 months) 44.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 225.4% · Top 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (12 months) 27.3× · Pricier than median
P/B 3.11× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 2.16× · Pricier than median
EV/EBITDA 5.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)10 · sector 42
FUTURE (revenue growth)100 · sector 30
PAST (return on equity)93 · sector 36
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 40

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cognizant Technology Solutions Corporation CTSH $65.11 $138.62 +113% vs ARDYZ
Wipro Limited WIPRO ₹198.31 ₹287.86 +45% vs ARDYZ
Infosys Limited INFY ₹1,185 ₹1,673 +41% vs ARDYZ
Accenture plc ACN $258.24 $332.90 +29% vs ARDYZ
Tata Consultancy Services Limited TCS ₹2,503 ₹2,993 +20% vs ARDYZ
Amadeus IT Group AMS €56.76 €65.98 +16% vs ARDYZ
HCL Technologies Limited HCLTECH ₹1,428 ₹1,602 +12% vs ARDYZ
CDW Corporation CDW $153.79 $165.54 +8% vs ARDYZ
Broadridge Financial Solutions, Inc BR $178.82 $161.47 −10% vs ARDYZ
International Business Machines Corporation IBM $257.81 $185.39 −28% vs ARDYZ

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Cite: Fair Value Calculator (2026). "Ard Grup Bilisim Teknolojileri AS Fair Value". https://www.fairvalue-calculator.com/stock/ARDYZ

Frequently asked questions

Is Ard Grup Bilisim Teknolojileri AS (ARDYZ) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 41.80 TRY versus a price of 50.50 TRY, about 17% lower (overvalued).
What is the fair value of ARDYZ?
Our model-based fair value for Ard Grup Bilisim Teknolojileri AS is 41.80 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 50.50 TRY.
What is the quality score of ARDYZ?
Ard Grup Bilisim Teknolojileri AS has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Our model-based price target is the fair value of 41.80 TRY (as of Oct 29, 2026) from 12 valuation models. Cautious scenario 31.14 TRY, optimistic scenario 55.53 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Ard Grup Bilisim Teknolojileri AS stock forecast for 2026?
Our models put fair value at 41.80 TRY, about 17% lower versus a price of 50.50 TRY (overvalued). Cautious scenario 31.14 TRY, optimistic scenario 55.53 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Ard Grup Bilisim Teknolojileri AS reported trailing-twelve-month revenue of about 7.3B TRY (latest available figure, as of Oct 29, 2026).
What is the intrinsic value of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ard Grup Bilisim Teknolojileri AS it is 41.80 TRY per share (as of Oct 29, 2026), against a price of 50.50 TRY. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Ard Grup Bilisim Teknolojileri AS stock overvalued or undervalued in 2026?
As of Oct 29, 2026, ARDYZ trades above its calculated fair value: price 50.50 TRY, fair value 41.80 TRY, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARDYZ?
No. The price is what the market pays today (50.50 TRY); the fair value is what the company's own numbers justify (41.80 TRY). For Ard Grup Bilisim Teknolojileri AS the two are 8.70 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Ard Grup Bilisim Teknolojileri AS worth?
The market values Ard Grup Bilisim Teknolojileri AS at about 15.7B TRY (market capitalisation, as of Oct 29, 2026). Per share that is 50.50 TRY; our models calculate a fair value of 41.80 TRY per share.
What do the bullish and bearish scenarios say about ARDYZ?
Our models span a range for Ard Grup Bilisim Teknolojileri AS: cautious scenario 31.14 TRY, base 41.80 TRY, optimistic 55.53 TRY per share (as of Oct 29, 2026, price 50.50 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARDYZ?
Ard Grup Bilisim Teknolojileri AS trades at a price-to-earnings ratio of 27.3 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 41.80 TRY is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 8.2. Other multiples: P/B 3.1, P/S 2.2, EV/EBITDA 5.8.
How solid is the balance sheet of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Balance-sheet figures for Ard Grup Bilisim Teknolojileri AS (as of Oct 29, 2026): return on equity 23.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is ARDYZ from its 52-week high?
Ard Grup Bilisim Teknolojileri AS trades at 50.50 TRY, about 47% below its 52-week high of 96.00 TRY and 97% above the low of 25.63 TRY (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 41.80 TRY is for.
Which stocks are comparable to Ard Grup Bilisim Teknolojileri AS?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ard Grup Bilisim Teknolojileri AS stock attractive at the current price?
The data as of Oct 29, 2026: price 50.50 TRY, calculated fair value 41.80 TRY (−17%), Quality Score 30/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ARDYZ calculated?
We run Ard Grup Bilisim Teknolojileri AS through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 41.80 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Ard Grup Bilisim Teknolojileri AS itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The closing price on Oct 30, 2026 was 50.50 TRY. Our model-based fair value is 41.80 TRY, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ard Grup Bilisim Teknolojileri AS right now?
Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Ard Grup Bilisim Teknolojileri AS

How large is the market capitalisation of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The market capitalisation of Ard Grup Bilisim Teknolojileri AS is 15.7B TRY (≈ $314M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The price-to-sales ratio of Ard Grup Bilisim Teknolojileri AS is 3.50 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Earnings per share at Ard Grup Bilisim Teknolojileri AS are 1.85 TRY (price ÷ EPS = P/E 27.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The net margin of Ard Grup Bilisim Teknolojileri AS is 12.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The return on equity (ROE) of Ard Grup Bilisim Teknolojileri AS is 23.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
On an EBIT basis the return on assets of Ard Grup Bilisim Teknolojileri AS is 28.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The operating margin of Ard Grup Bilisim Teknolojileri AS is 44.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Revenue at Ard Grup Bilisim Teknolojileri AS is growing +225% versus a year earlier (3y avg +96.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Earnings per share at Ard Grup Bilisim Teknolojileri AS are growing +10.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ard Grup Bilisim Teknolojileri AS (ARDYZ) generate?
The free cash flow of Ard Grup Bilisim Teknolojileri AS is −1.4B TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ard Grup Bilisim Teknolojileri AS (ARDYZ) carry?
The net debt of Ard Grup Bilisim Teknolojileri AS is 1.4B TRY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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