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STOCK COMPARISON

TongKun Group Co vs Kervansaray Yatirim Holding AS: Fair Value & Quality

Both stocks run through our valuation models. Here is how TongKun Group Co (601233) and Kervansaray Yatirim Holding AS (KERVN) compare, as of Sep 27, 2026.

As of Sep 27, 2026, Fair Value Calculator sees TongKun Group Co as the less overvalued of the two: TongKun Group Co trades at ¥23.26 versus a fair value of ¥14.53 (−37.5%), while Kervansaray Yatirim Holding AS trades at TRY 7.87 versus TRY 1.35 (−82.8%).
TongKun Group Co
601233.SHG · CNY · Materials
−37.5%
upside to fair value
overvalued
Price¥23.26
Fair Value¥14.53
Quality42/100
Kervansaray Yatirim Holding AS
KERVN.IS · TRY · Consumer Discretionary
−82.8%
upside to fair value
overvalued
PriceTRY 7.87
Fair ValueTRY 1.35
Quality32/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

TongKun Group CoKervansaray Yatirim Holding AS
Valuation
10.7×P/E (TTM)1.5×
7.1×Forward P/E (FY2026)n/a
0.55×P/S (TTM)n/a
1.46×P/BNegative equity
6.4×EV/EBITDAn/a
−37.5%Fair value upside−82.8%
0.5%Dividend yieldn/a
¥0.12Dividend per sharen/a
Profitability
6.7%Operating marginn/a
0.29×EBIT margin trend (5Y)n/a
12.8%Return on equityNegative equity
1.9%Return on assets7.7%
Growth
18.6%Revenue growth (YoY)-66.4%
14.8%Avg. growth/yr (3Y)-96.2%
15.4%Avg. growth/yr (5Y)-84.8%
−9.0%Value creation/yrn/a
Balance & size
1.5×Interest coverage (EBIT/interest)n/a
0.45×Debt / equityNegative equity
$8BMarket cap$129M
expensiveGrowth qualityweak
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

TongKun Group Co leads: 4 to 1 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

TongKun Group Coof which business quality 40 · market factors 64 Kervansaray Yatirim Holding ASof which business quality 32 · market factors 76
ProfitabilityMargins and returns on capital today
29
25
Quality GrowthAre margins and returns improving?
37
48
CashflowEarnings quality: real cash, not paper profit
34
19
Fin. StrengthBalance sheet, leverage, solvency risk
29
0
InvestmentDisciplined investing over empire-building
63
50
Low VolatilityCalm price path (market factor)
31
50
MomentumPrice trend over the last 3–12 months (market factor)
75
89
52W MomentumDistance to the 52-week high (market factor)
84
82
Net IssuanceShare count: buybacks or dilution?
69
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyTongKun Group CoPrice ¥23.26Kervansaray Yatirim Holding ASPrice TRY 7.87
DCF Modelsn/a−77.5%below the priceTRY 1.77
Earnings-Based−39.0%below the price¥14.18n/a
Multiples−37.5%below the price¥14.53n/a
Asset-Based−53.6%below the price¥10.79n/a
Growth DCFn/a−77.4%below the priceTRY 1.78
Economic Profit−59.8%below the price¥9.36n/a
Growth Earnings−19.2%below the price¥18.80n/a
Minimum−59.8%below the price¥9.36−77.5%below the priceTRY 1.77
Maximum−19.2%below the price¥18.80−77.4%below the priceTRY 1.78
Median−39.0%below the price¥14.18−77.4%below the priceTRY 1.78
Geometric mean−43.5%below the price¥13.14−77.4%below the priceTRY 1.77

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

TongKun Group Co: 12 of 14 models see the stock below the current price.

Kervansaray Yatirim Holding AS: 2 of 2 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

TongKun Group Co
Price ¥23.26
Fair Value ¥14.53
Bear ¥11.72Bull ¥18.16
Kervansaray Yatirim Holding AS
Price TRY 7.87
Fair Value TRY 1.35
Bear TRY 1.11Bull TRY 1.72

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

TongKun Group Co · Materials

Quality score42 · below median
Fair value upside−37.5% · below median

Kervansaray Yatirim Holding AS · Consumer Discretionary

Quality score32 · bottom 25%
Fair value upside−82.8% · bottom 25%

Bottom line

As of Sep 27, 2026, Fair Value Calculator sees TongKun Group Co as the less overvalued of the two: TongKun Group Co trades at ¥23.26 versus a fair value of ¥14.53 (−37.5%), while Kervansaray Yatirim Holding AS trades at TRY 7.87 versus TRY 1.35 (−82.8%).

TongKun Group Co has the higher quality score (42/100).

Open TongKun Group Co live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.