Dap Gayrimenkul Gelistirme AS (DAPGM) fair value: what the stock is really worth
As of Nov 3, 2026: fair value (intrinsic value) of Dap Gayrimenkul Gelistirme AS stock TRY 5.15, price TRY 1.99, upside +158.8%, quality 34 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
56‑month range 1.41 TRY – 19.00 TRY · fair‑value band 3.56 TRY – 6.74 TRY · the 1.99 TRY price screens below the 5.15 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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DAP Gayrimenkul Gelistirme A.S. engages in the real estate business in Turkey. It is involved in the construction and development of residences, office, commercial, business centers, holiday villages, hotels, schools, and private hospital projects.
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The company was incorporated in 1981 and is headquartered in Istanbul, Turkey.
Stock analysis
Dap Gayrimenkul Gelistirme AS (DAPGM) currently trades at 1.99 TRY, while our model-based Fair Value estimate is 5.15 TRY, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 20.59 TRY per share, and 7 of the 7 models we run sit above the 1.99 TRY price.
Bear case: the Economic Profit group reads lowest at 3.62 TRY, and 0 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.56 TRY (bear) to 6.74 TRY (bull), the price of 1.99 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 34/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Dap Gayrimenkul Gelistirme AS reported revenue of 8.0B TRY in FY2025 versus 912M TRY in FY2021, a compound +72.1%/yr. Reported net income was 1.0B TRY in FY2025, compounding +35.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 5.3B TRY (≈ $105M) Micro · P/E ratio 6.6 · P/S ratio 0.63 · EPS (TTM) 0.3000 TRY · Net margin 7.8% · Return on equity 4.3% · Return on assets (EBIT) 22.2% · Operating margin 81.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 87% below its 52-week high and 2% above its 52-week low.
For context, the median of 10 Real Estate peers we cover trades at 6% fair-value upside, at 159%, DAPGM screens cheaper than that median.
Fair Value models
Bear3.56 TRYFair Value 5.15 TRYBull6.74 TRY
Price 1.99 TRY · Upside +158.8%
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 (0.2532 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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
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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 · 489 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside+158.8% · Top 25%
Profitability
Return on equity (12 months)4.3% · Above median
Return on assets3.3% · Above median
Net margin (12 months)7.8% · Below median
Operating margin (12 months)81.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−11.7% · Below median
Balance sheet
Debt / equity0.10× · 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.
Cite: Fair Value Calculator (2026). "Dap Gayrimenkul Gelistirme AS Fair Value". https://www.fairvalue-calculator.com/stock/DAPGM
Frequently asked questions
Is Dap Gayrimenkul Gelistirme AS (DAPGM) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 5.15 TRY versus a price of 1.99 TRY, about +159% upside (undervalued).
What is the fair value of DAPGM?
Our model-based fair value for Dap Gayrimenkul Gelistirme AS is 5.15 TRY (as of Nov 1, 2026), built from audited fundamentals. The current price: 1.99 TRY.
What is the quality score of DAPGM?
Dap Gayrimenkul Gelistirme AS has a Quality Score of 34/100. 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 Dap Gayrimenkul Gelistirme AS (DAPGM)?
Our model-based price target is the fair value of 5.15 TRY (as of Nov 1, 2026) from 7 valuation models. Cautious scenario 3.56 TRY, optimistic scenario 6.74 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Dap Gayrimenkul Gelistirme AS stock forecast for 2026?
Our models put fair value at 5.15 TRY, about +159% upside versus a price of 1.99 TRY (undervalued). Cautious scenario 3.56 TRY, optimistic scenario 6.74 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Dap Gayrimenkul Gelistirme AS (DAPGM)?
Dap Gayrimenkul Gelistirme AS reported trailing-twelve-month revenue of about 8.3B TRY (latest available figure, as of Nov 1, 2026).
What is the intrinsic value of Dap Gayrimenkul Gelistirme AS (DAPGM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dap Gayrimenkul Gelistirme AS it is 5.15 TRY per share (as of Nov 1, 2026), against a price of 1.99 TRY. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Dap Gayrimenkul Gelistirme AS stock overvalued or undervalued in 2026?
As of Nov 1, 2026, DAPGM trades below its calculated fair value: price 1.99 TRY, fair value 5.15 TRY, a gap of about +159% (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 DAPGM?
No. The price is what the market pays today (1.99 TRY); the fair value is what the company's own numbers justify (5.15 TRY). For Dap Gayrimenkul Gelistirme AS the two are 3.16 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Dap Gayrimenkul Gelistirme AS worth?
The market values Dap Gayrimenkul Gelistirme AS at about 5.3B TRY (market capitalisation, as of Nov 1, 2026). Per share that is 1.99 TRY; our models calculate a fair value of 5.15 TRY per share.
What do the bullish and bearish scenarios say about DAPGM?
Our models span a range for Dap Gayrimenkul Gelistirme AS: cautious scenario 3.56 TRY, base 5.15 TRY, optimistic 6.74 TRY per share (as of Nov 1, 2026, price 1.99 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DAPGM?
Dap Gayrimenkul Gelistirme AS trades at a price-to-earnings ratio of 6.6 (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 5.15 TRY is built from several models across several years. Other multiples: P/B 0.4, P/S 0.6, EV/EBITDA 0.9.
How solid is the balance sheet of Dap Gayrimenkul Gelistirme AS (DAPGM)?
Balance-sheet figures for Dap Gayrimenkul Gelistirme AS (as of Nov 1, 2026): return on equity 4.3%, debt of 0.10 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is DAPGM from its 52-week high?
Dap Gayrimenkul Gelistirme AS trades at 1.99 TRY, about 87% below its 52-week high of 15.40 TRY and 2% above the low of 1.95 TRY (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of 5.15 TRY is for.
Which stocks are comparable to Dap Gayrimenkul Gelistirme AS?
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 Dap Gayrimenkul Gelistirme AS stock attractive at the current price?
The data as of Nov 1, 2026: price 1.99 TRY, calculated fair value 5.15 TRY (+159%), Quality Score 34/100, from 7 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 DAPGM calculated?
We run Dap Gayrimenkul Gelistirme AS through 7 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 5.15 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 14.5% above its aggregate fair value. Dap Gayrimenkul Gelistirme AS currently trades 61% 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 Dap Gayrimenkul Gelistirme AS (DAPGM)?
The closing price on Nov 3, 2026 was 1.99 TRY. Our model-based fair value is 5.15 TRY, about +159% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dap Gayrimenkul Gelistirme AS right now?
The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (3.56 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. A fairly wide model range (3.56 TRY to 6.74 TRY) leaves room in how you read the outcome.
Key figures of Dap Gayrimenkul Gelistirme AS
How large is the market capitalisation of Dap Gayrimenkul Gelistirme AS (DAPGM)?
The market capitalisation of Dap Gayrimenkul Gelistirme AS is 5.3B TRY (≈ $105M). 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 Dap Gayrimenkul Gelistirme AS (DAPGM)?
The price-to-sales ratio of Dap Gayrimenkul Gelistirme AS is 0.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dap Gayrimenkul Gelistirme AS (DAPGM)?
Earnings per share at Dap Gayrimenkul Gelistirme AS are 0.3000 TRY (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dap Gayrimenkul Gelistirme AS (DAPGM)?
The net margin of Dap Gayrimenkul Gelistirme AS is 7.8% (last twelve months). 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 Dap Gayrimenkul Gelistirme AS (DAPGM)?
The return on equity (ROE) of Dap Gayrimenkul Gelistirme AS is 4.3% (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 Dap Gayrimenkul Gelistirme AS (DAPGM)?
On an EBIT basis the return on assets of Dap Gayrimenkul Gelistirme AS is 22.2% (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 Dap Gayrimenkul Gelistirme AS (DAPGM)?
The operating margin of Dap Gayrimenkul Gelistirme AS is 81.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dap Gayrimenkul Gelistirme AS (DAPGM)?
Revenue at Dap Gayrimenkul Gelistirme AS is growing −11.7% versus a year earlier (3y avg +22.7%). 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 Dap Gayrimenkul Gelistirme AS (DAPGM)?
Earnings per share at Dap Gayrimenkul Gelistirme AS are growing −55.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dap Gayrimenkul Gelistirme AS (DAPGM) generate?
The free cash flow of Dap Gayrimenkul Gelistirme AS is −837M 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 Dap Gayrimenkul Gelistirme AS (DAPGM) carry?
The net debt of Dap Gayrimenkul Gelistirme AS is 1.5B 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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Nov 1, 2026