Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) fair value: what the stock is really worth
We calculate from audited financials what Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
36‑month range 24.92 TRY – 71.00 TRY · fair‑value band 17.65 TRY – 35.62 TRY · the 49.52 TRY price screens above the 29.25 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi operates as a real estate investment trust in Turkey. The company manages portfolios of real estate, real estate projects, real estate-based rights, capital market instruments, and other assets. It also engages in real estate investment activities.
Show more
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi operates as a real estate investment trust in Turkey. The company manages portfolios of real estate, real estate projects, real estate-based rights, capital market instruments, and other assets. It also engages in real estate investment activities. In addition, the company engages in establishment, rental, operation of hotels, motels, hostels, campsites, and guesthouses for tourism, and business operations. Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi was incorporated in 2020 and is headquartered in Izmir, Turkey.
Stock analysis
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) currently trades at 49.52 TRY, while our model-based Fair Value estimate is 29.25 TRY, implying the stock looks roughly 69.3% overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of 73.52 TRY per share, and 2 of the 10 models we run sit above the 49.52 TRY price.
Bear case: the Multiples group reads lowest at 14.61 TRY, and 8 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 17.65 TRY (bear) to 35.62 TRY (bull), the price of 49.52 TRY sits above 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 36/100 (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.
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi reported revenue of 807M TRY in FY2025 versus 10.6M TRY in FY2021, a compound +195.3%/yr. Reported net income was −606M TRY in FY2025.
Key figures
Market cap 27.0B TRY (≈ $554M) · P/S ratio 31.0 · EPS (TTM) −1.54 TRY · Net margin −75.1% · Return on equity −7.1% · Return on assets (EBIT) 7.8% · Operating margin 83.5% · Revenue (TTM) 838M TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −24% fair-value upside, at −41%, ADGYO screens richer than that median.
Fair Value models
Bear 17.65 TRYFair Value 29.25 TRYBull 35.62 TRY
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+6.4%
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.
−10.0%
’21
’22
’23
’24
’25
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.
42.8% (2021) → 51.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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).
+20.8%
Yearly growth needed for the next five years to justify today's price.
Compare Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.REIT - Residential · 46 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−81% · Bottom 25%
Profitability
Return on assets2% · Above median
Net margin (TTM)−94% · Bottom 25%
Operating margin (TTM)84% · Top 25%
Growth and dividend
Revenue growth17% · Top 25%
Valuation Multiplesvs REIT - Residential median · lower = cheaper
P/S (TTM)0.64× · Cheapest 25%
P/FCF0.4× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)87· sector 12
PAST (return on equity)0· sector 6
HEALTH (low debt)100· sector 62
DIVIDEND (yield)0· sector 82
VALUE 0: the price sits above our fair-value range.
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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 29.25 TRY versus a price of 49.52 TRY, about −41% upside (overvalued).
What is the fair value of ADGYO?
Our model-based fair value for Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 29.25 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 49.52 TRY.
What is the quality score of ADGYO?
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi has a Quality Score of 36/100. 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
Our model-based price target is the fair value of 29.25 TRY (as of Sep 13, 2026) from 10 valuation models. Cautious scenario 17.65 TRY, optimistic scenario 35.62 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock forecast for 2026?
Our models put fair value at 29.25 TRY, about −41% upside versus a price of 49.52 TRY (overvalued). Cautious scenario 17.65 TRY, optimistic scenario 35.62 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi reported trailing-twelve-month revenue of about 838M TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
For today's price to be fair in a discounted-cash-flow model, Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi would have to grow free cash flow by +20.8 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +195.3 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of ADGYO use?
Our models discount Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi at 14.2 %: a base by market capitalisation (small), damped by beta 0.31, 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi that is +20.8 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) delivered so far?
Over the past 4 years revenue at Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi grew +195.3 % a year. The price currently implies +20.8 % per year free-cash-flow growth a 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) growing?
The median revenue growth in the sector is +1.7 % a year. That is the yardstick for the growth priced into Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (+20.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
The free-cash-flow yield on the price is 4.63 %: that much free cash flow Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi it is 29.25 TRY per share (as of Sep 13, 2026), against a price of 49.52 TRY. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ADGYO trades above its calculated fair value: price 49.52 TRY, fair value 29.25 TRY, a gap of about −41% (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 ADGYO?
No. The price is what the market pays today (49.52 TRY); the fair value is what the company's own numbers justify (29.25 TRY). For Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi the two are 20.27 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi worth?
The market values Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi at about 27.0B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 49.52 TRY; our models calculate a fair value of 29.25 TRY per share.
What do the bullish and bearish scenarios say about ADGYO?
Our models span a range for Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi: cautious scenario 17.65 TRY, base 29.25 TRY, optimistic 35.62 TRY per share (as of Sep 13, 2026, price 49.52 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
Balance-sheet figures for Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (as of Sep 13, 2026): return on equity −7.1%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is ADGYO from its 52-week high?
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi trades at 49.52 TRY, about 32% below its 52-week high of 72.50 TRY and 36% above the low of 36.30 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 29.25 TRY is for.
Which stocks are comparable to Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi?
From the same area (Real Estate) we also value AvalonBay Communities, Inc, EQR, Essex Property Trust, Inc, Invitation Homes, 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock attractive at the current price?
The data as of Sep 13, 2026: price 49.52 TRY, calculated fair value 29.25 TRY (−41%), Quality Score 36/100, from 10 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 ADGYO calculated?
We run Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi through 10 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 29.25 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 15.5 % above its aggregate fair value. Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
The closing price on Sep 17, 2026 was 49.52 TRY. Our model-based fair value is 29.25 TRY, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi right now?
The price sits above even our optimistic bull case (35.62 TRY). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 (17.65 TRY to 35.62 TRY) leaves room in how you read the outcome.
Key figures of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi
How large is the market capitalisation of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
The market capitalisation of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 27.0B TRY (≈ $554M). 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
The price-to-sales ratio of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 31.0 (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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
Earnings per share at Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi are −1.54 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
The net margin of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is −75.1% (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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
The return on equity (ROE) of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is −7.1% (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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
On an EBIT basis the return on assets of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 7.8% (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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
The operating margin of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 83.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
Revenue at Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is growing +17.4% versus a year earlier (3y avg −10.0%). 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 Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO)?
Earnings per share at Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi are growing −62.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) carry?
The net debt of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 91.1M TRY (fiscal year 2021, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi in the live analysis
One click puts Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
