GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of GurSel Turizm Tasimacilik Ve Servis Ticaret AS stock TRY 340, price TRY 279, upside +21.9%, quality 67 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 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 2, 2026.
How to read this chart
56‑month range 7.33 TRY – 395.19 TRY · fair‑value band 147.89 TRY – 424.67 TRY · the 278.75 TRY price screens below the 339.74 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. provides transportation services in Turkey. It provides personnel transportation; student transportation; passenger car, minibus, bus rental services; urban public transport; and intercity transportation services.
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The company was founded in 1993 and is headquartered in Istanbul, Turkey.
Stock analysis
GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) currently trades at 278.75 TRY, while our model-based Fair Value estimate is 339.74 TRY, implying the stock looks roughly 18% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 740.62 TRY per share, and 11 of the 24 models we run sit above the 278.75 TRY price.
Bear case: the Economic Profit group reads lowest at 146.71 TRY, and 13 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 147.89 TRY (bear) to 424.67 TRY (bull), the price of 278.75 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 67/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
GurSel Turizm Tasimacilik Ve Servis Ticaret AS reported revenue of 8.3B TRY in FY2024 versus 445M TRY in FY2020, a compound +108.1%/yr. Reported net income was 1.7B TRY in FY2024, compounding +134.8%/yr from FY2020. FY2020 was a trough year, so the rate overstates the trend.
Key figures
Market cap 28.4B TRY (≈ $567M) Small · P/E ratio 14.2 · P/S ratio 2.81 · EPS (TTM) 19.62 TRY · Net margin 19.8% · Return on equity 29.3% · Return on assets (EBIT) 15.5% (5-year average) · Operating margin 29.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 92 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at 22%, GRSEL screens cheaper than that median.
Fair Value models
Bear147.89 TRYFair Value 339.74 TRYBull424.67 TRY
Price 278.75 TRY · Upside +21.9%
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 2024 figures (about 12 months old). Earnings retained since then (19.62 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.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+28.2%
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.
+136.0%
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.
+81.9%
’19
’20
’21
’22
’23
’24
Profit margin (trend) ⓘ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.
6.5% (2019) → 26.5% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+23.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about +3.8% a year for the price.
Compare GurSel Turizm Tasimacilik Ve Servis Ticaret AS with another stock
Price, fair value, quality and upside side by side.
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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.Railroads · 108 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+21.9% · Above median
Profitability
Return on equity (12 months)29.3% · Top 25%
Return on assets17.6% · Top 25%
Net margin (12 months)27.1% · Top 25%
Operating margin (12 months)29.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)1.1% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Railroads median · lower = cheaper
P/E (12 months)14.2× · Cheaper than median
P/B4.68× · Priciest 25%
P/S (12 months)2.45× · Pricier than median
Price / free cash flow (fiscal year)25.3× · Pricier than median
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). "GurSel Turizm Tasimacilik Ve Servis Ticaret AS Fair Value". https://www.fairvalue-calculator.com/stock/GRSEL
Frequently asked questions
Is GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of 339.74 TRY versus a price of 278.75 TRY, about +22% upside (undervalued).
What is the fair value of GRSEL?
Our model-based fair value for GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 339.74 TRY (as of Nov 2, 2026), built from audited fundamentals. The current price: 278.75 TRY.
What is the quality score of GRSEL?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS has a Quality Score of 67/100. 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Our model-based price target is the fair value of 339.74 TRY (as of Nov 2, 2026) from 24 valuation models. Cautious scenario 147.89 TRY, optimistic scenario 424.67 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the GurSel Turizm Tasimacilik Ve Servis Ticaret AS stock forecast for 2026?
Our models put fair value at 339.74 TRY, about +22% upside versus a price of 278.75 TRY (undervalued). Cautious scenario 147.89 TRY, optimistic scenario 424.67 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS reported trailing-twelve-month revenue of about 11.6B TRY (latest available figure, as of Nov 2, 2026).
What growth is priced into GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
For today's price to be fair in a discounted-cash-flow model, GurSel Turizm Tasimacilik Ve Servis Ticaret AS would have to grow free cash flow by +23.8 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +81.9 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of GRSEL use?
Our models discount GurSel Turizm Tasimacilik Ve Servis Ticaret AS at 14.2 %: a base by market capitalisation (small), damped by beta 0.05, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For GurSel Turizm Tasimacilik Ve Servis Ticaret AS that is +23.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) delivered so far?
Over the past 5 years revenue at GurSel Turizm Tasimacilik Ve Servis Ticaret AS grew +81.9 % a year. The price currently implies free-cash-flow growth of +23.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into GurSel Turizm Tasimacilik Ve Servis Ticaret AS (+23.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The free-cash-flow yield on the price is 3.95 %: that much free cash flow GurSel Turizm Tasimacilik Ve Servis Ticaret AS produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GurSel Turizm Tasimacilik Ve Servis Ticaret AS it is 339.74 TRY per share (as of Nov 2, 2026), against a price of 278.75 TRY. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is GurSel Turizm Tasimacilik Ve Servis Ticaret AS stock overvalued or undervalued in 2026?
As of Nov 2, 2026, GRSEL trades below its calculated fair value: price 278.75 TRY, fair value 339.74 TRY, a gap of about +22% (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 GRSEL?
No. The price is what the market pays today (278.75 TRY); the fair value is what the company's own numbers justify (339.74 TRY). For GurSel Turizm Tasimacilik Ve Servis Ticaret AS the two are 60.99 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is GurSel Turizm Tasimacilik Ve Servis Ticaret AS worth?
The market values GurSel Turizm Tasimacilik Ve Servis Ticaret AS at about 28.4B TRY (market capitalisation, as of Nov 2, 2026). Per share that is 278.75 TRY; our models calculate a fair value of 339.74 TRY per share.
What do the bullish and bearish scenarios say about GRSEL?
Our models span a range for GurSel Turizm Tasimacilik Ve Servis Ticaret AS: cautious scenario 147.89 TRY, base 339.74 TRY, optimistic 424.67 TRY per share (as of Nov 2, 2026, price 278.75 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GRSEL?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS trades at a price-to-earnings ratio of 14.2 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 339.74 TRY is built from several models across several years. Other multiples: P/B 4.7, P/S 2.5, EV/EBITDA 7.1.
How solid is the balance sheet of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Balance-sheet figures for GurSel Turizm Tasimacilik Ve Servis Ticaret AS (as of Nov 2, 2026): return on equity 29.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is GRSEL from its 52-week high?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS trades at 278.75 TRY, about 29% below its 52-week high of 395.19 TRY and 16% above the low of 240.50 TRY (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 339.74 TRY is for.
Which stocks are comparable to GurSel Turizm Tasimacilik Ve Servis Ticaret AS?
From the same area (Industrials) we also value Union Pacific Corporation, CSX Corporation, Canadian Pacific Kansas City Limited, Norfolk Southern Corporation, 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS stock attractive at the current price?
The data as of Nov 2, 2026: price 278.75 TRY, calculated fair value 339.74 TRY (+22%), Quality Score 67/100, from 24 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 GRSEL calculated?
We run GurSel Turizm Tasimacilik Ve Servis Ticaret AS through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 339.74 TRY builds on their evidence-weighted average, 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 12.7% above its aggregate fair value. GurSel Turizm Tasimacilik Ve Servis Ticaret AS currently trades 18% 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The closing price on Nov 6, 2026 was 278.75 TRY. Our model-based fair value is 339.74 TRY, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GurSel Turizm Tasimacilik Ve Servis Ticaret AS right now?
The model range is unusually wide (147.89 TRY to 424.67 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of GurSel Turizm Tasimacilik Ve Servis Ticaret AS
How large is the market capitalisation of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The market capitalisation of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 28.4B TRY (≈ $567M). 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The price-to-sales ratio of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 2.81 (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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Earnings per share at GurSel Turizm Tasimacilik Ve Servis Ticaret AS are 19.62 TRY (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The net margin of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 19.8% (fiscal year 2024). 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The return on equity (ROE) of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 29.3% (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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
On an EBIT basis the return on assets of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 15.5% (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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The operating margin of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 29.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Revenue at GurSel Turizm Tasimacilik Ve Servis Ticaret AS is growing +1.1% versus a year earlier (3y avg +136%). 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Earnings per share at GurSel Turizm Tasimacilik Ve Servis Ticaret AS are growing +25.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) carry?
The net debt of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 329M TRY (fiscal year 2023, ≈ 0.3 yrs of FCF). 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 2, 2026