Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Asce Gayrimenkul Yatirim Ortakligi A.S. stock TRY 15.53, price TRY 8.46, upside +83.6%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
39‑month range 8.46 TRY – 27.15 TRY · fair‑value band 10.25 TRY – 18.09 TRY · the 8.46 TRY price screens below the 15.53 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Asce Gayrimenkul Yatirim Ortakligi A.S. engages in the construction business in Turkey. It develops and constructs housing projects. The company was incorporated in 2010 and is headquartered in Gaziantep, Turkey.
Stock analysis
Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) currently trades at 8.46 TRY, while our model-based Fair Value estimate is 15.53 TRY, implying the stock looks roughly 45.5% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 16.36 TRY per share, and 3 of the 6 models we run sit above the 8.46 TRY price.
Bear case: the Multiples group reads lowest at 2.23 TRY, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 10.25 TRY (bear) to 18.09 TRY (bull), the price of 8.46 TRY sits below 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 48/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Asce Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 226M TRY in FY2025 versus 43.3M TRY in FY2021, a compound +51.1%/yr. Reported net income was 650M TRY in FY2025, compounding +460.2%/yr from FY2021.
Key figures
Market cap 5.6B TRY (≈ $112M) Micro · P/E ratio 0.9 · P/S ratio 2.51 · EPS (TTM) 9.71 TRY · Dividend yield 2.0% · Return on equity 28.3% · Return on assets (EBIT) −0.2% · Operating margin −42.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at 84%, ASGYO screens cheaper than that median.
Fair Value models
Bear10.25 TRYFair Value 15.53 TRYBull18.09 TRY
Price 8.46 TRY · Upside +83.6%
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 (8.00 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+250.7%
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.
−3.3%
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.
+17.7%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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. 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.
−36.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−38.9%
Dividend (yield on the price)2.0%
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.17% → −32%
Compare Asce Gayrimenkul Yatirim Ortakligi A.S. with another stock
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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.Real Estate - Development · 490 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+83.6% · Above median
Profitability
Return on equity (12 months)28.3% · Top 25%
Return on assets2.5% · Above median
Operating margin (12 months)−42.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)98.5% · Top 25%
Dividend yield (12 months)2.0% · Below median
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 15.53 TRY versus a price of 8.46 TRY, about +84% upside (undervalued).
What is the fair value of ASGYO?
Our model-based fair value for Asce Gayrimenkul Yatirim Ortakligi A.S. is 15.53 TRY (as of Nov 1, 2026), built from audited fundamentals. The current price: 8.46 TRY.
What is the quality score of ASGYO?
Asce Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 48/100. 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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Our model-based price target is the fair value of 15.53 TRY (as of Nov 1, 2026) from 6 valuation models. Cautious scenario 10.25 TRY, optimistic scenario 18.09 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Asce Gayrimenkul Yatirim Ortakligi A.S. stock forecast for 2026?
Our models put fair value at 15.53 TRY, about +84% upside versus a price of 8.46 TRY (undervalued). Cautious scenario 10.25 TRY, optimistic scenario 18.09 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Asce Gayrimenkul Yatirim Ortakligi A.S. reported trailing-twelve-month revenue of about 256M TRY (latest available figure, as of Nov 1, 2026).
Does Asce Gayrimenkul Yatirim Ortakligi A.S. pay a dividend?
Asce Gayrimenkul Yatirim Ortakligi A.S. currently shows a dividend yield of 1.99% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Asce Gayrimenkul Yatirim Ortakligi A.S. it is 15.53 TRY per share (as of Nov 1, 2026), against a price of 8.46 TRY. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Asce Gayrimenkul Yatirim Ortakligi A.S. stock overvalued or undervalued in 2026?
As of Nov 1, 2026, ASGYO trades below its calculated fair value: price 8.46 TRY, fair value 15.53 TRY, a gap of about +84% (undervalued). 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 ASGYO?
No. The price is what the market pays today (8.46 TRY); the fair value is what the company's own numbers justify (15.53 TRY). For Asce Gayrimenkul Yatirim Ortakligi A.S. the two are 7.07 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Asce Gayrimenkul Yatirim Ortakligi A.S. worth?
The market values Asce Gayrimenkul Yatirim Ortakligi A.S. at about 5.6B TRY (market capitalisation, as of Nov 1, 2026). Per share that is 8.46 TRY; our models calculate a fair value of 15.53 TRY per share.
What do the bullish and bearish scenarios say about ASGYO?
Our models span a range for Asce Gayrimenkul Yatirim Ortakligi A.S.: cautious scenario 10.25 TRY, base 15.53 TRY, optimistic 18.09 TRY per share (as of Nov 1, 2026, price 8.46 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASGYO?
Asce Gayrimenkul Yatirim Ortakligi A.S. trades at a price-to-earnings ratio of 0.9 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 15.53 TRY is built from several models across several years. Other multiples: P/B 0.3, P/S 21.8.
How solid is the balance sheet of Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Balance-sheet figures for Asce Gayrimenkul Yatirim Ortakligi A.S. (as of Nov 1, 2026): return on equity 28.3%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is ASGYO from its 52-week high?
Asce Gayrimenkul Yatirim Ortakligi A.S. trades at 8.46 TRY, about 36% below its 52-week high of 13.23 TRY and at the low of 8.46 TRY (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 15.53 TRY is for.
Which stocks are comparable to Asce Gayrimenkul Yatirim Ortakligi A.S.?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Asce Gayrimenkul Yatirim Ortakligi A.S. stock attractive at the current price?
The data as of Nov 1, 2026: price 8.46 TRY, calculated fair value 15.53 TRY (+84%), Quality Score 48/100, from 6 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 ASGYO calculated?
We run Asce Gayrimenkul Yatirim Ortakligi A.S. through 6 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 15.53 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. Asce Gayrimenkul Yatirim Ortakligi A.S. currently trades 46 % below its own fair value, and the market average says nothing about that. 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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
The closing price on Oct 30, 2026 was 8.46 TRY. Our model-based fair value is 15.53 TRY, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Asce Gayrimenkul Yatirim Ortakligi A.S. right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (10.25 TRY). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Asce Gayrimenkul Yatirim Ortakligi A.S.
How large is the market capitalisation of Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
The market capitalisation of Asce Gayrimenkul Yatirim Ortakligi A.S. is 5.6B TRY (≈ $112M). 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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
The price-to-sales ratio of Asce Gayrimenkul Yatirim Ortakligi A.S. is 2.51 (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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Earnings per share at Asce Gayrimenkul Yatirim Ortakligi A.S. are 9.71 TRY (price ÷ EPS = P/E 0.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
The dividend yield of Asce Gayrimenkul Yatirim Ortakligi A.S. is 2.0% (payout 1.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the return on equity of Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
The return on equity (ROE) of Asce Gayrimenkul Yatirim Ortakligi A.S. is 28.3% (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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
On an EBIT basis the return on assets of Asce Gayrimenkul Yatirim Ortakligi A.S. is −0.2% (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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
The operating margin of Asce Gayrimenkul Yatirim Ortakligi A.S. is −42.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Revenue at Asce Gayrimenkul Yatirim Ortakligi A.S. is growing +98.5% versus a year earlier (3y avg −3.3%). 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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Earnings per share at Asce Gayrimenkul Yatirim Ortakligi A.S. are growing +501% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) generate?
The free cash flow of Asce Gayrimenkul Yatirim Ortakligi A.S. is −1.7B 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 Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) carry?
The net debt of Asce Gayrimenkul Yatirim Ortakligi A.S. is 234M TRY (fiscal year 2022). 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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Thin data
Nov 1, 2026