Ard Grup Bilisim Teknolojileri AS (ARDYZ) fair value: what the stock is really worth
We calculate from audited financials what Ard Grup Bilisim Teknolojileri AS 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.
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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
60‑month range 4.62 TRY – 96.00 TRY · fair‑value band 31.14 TRY – 55.53 TRY · the 60.30 TRY price screens above the 41.80 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.
Ard Grup Bilisim Teknolojileri Anonim Sirketi provides information technology solutions for the public and private sectors in Turkey.
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Ard Grup Bilisim Teknolojileri Anonim Sirketi provides information technology solutions for the public and private sectors in Turkey. The company offers enterprise software solutions, including corporate information management system, corporate identity and access management systems, enterprise equipment tracking, enterprise equipment tracking systems, e-government projects, RFID-based software and integration solutions, vehicle tracking and security control systems, logistic warehouse and container tracking systems, textile tracking and process management solutions, and social media tracking systems, as well as staff, visitor, and person tracking systems. It also provides health system solutions, such as sterilization, patient, baby, hospital textile, hospital fixtures, medical equipment, and hospital warehouse tracking systems; and cloud services. In addition, the company information system solutions, which include server, virtualization disaster recovery center, traceability and process management applications, and components supply of enterprise information systems. Further, it offers various command center and security solutions; and smart technology solutions comprising smart highway, bridge, tunnel, secure campus, factory and manufacture, conference hall and meeting room, classroom, distance education, and city and traffic solutions. The company was incorporated in 2011 and is headquartered in Ankara, Turkey.
Stock analysis
Ard Grup Bilisim Teknolojileri AS (ARDYZ) currently trades at 60.30 TRY, while our model-based Fair Value estimate is 41.80 TRY, implying the stock looks roughly 44.2% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 88.18 TRY per share, and 7 of the 16 models we run sit above the 60.30 TRY price.
Bear case: the Asset-Based group reads lowest at 10.89 TRY, and 9 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: 31.14 TRY (bear) to 55.53 TRY (bull), the price of 60.30 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 31/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ard Grup Bilisim Teknolojileri AS reported revenue of 4.2B TRY in FY2025 versus 278M TRY in FY2021, a compound +97.4%/yr. Reported net income was 542M TRY in FY2025, compounding +37.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 23.1B TRY (≈ $473M) · P/E ratio 33.0 · P/S ratio 4.23 · EPS (TTM) 1.83 TRY · Net margin 12.8% · Return on equity 15.1% · Return on assets (EBIT) 28.2% · Operating margin 28.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 147% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −16% fair-value upside, at −31%, ARDYZ screens richer than that median.
Fair Value models
Bear 31.14 TRYFair Value 41.80 TRYBull 55.53 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.31 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+55.0%
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.
+96.7%
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.
+102.1%
Revenue growth 7 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.
+87.7%
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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.
+58.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+58.9%
Dividend (yield on the price)0.0%
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.56% → 30%
Compare Ard Grup Bilisim Teknolojileri 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.Software - Infrastructure · 377 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−51% · Below median
Profitability
Return on equity (TTM)15% · Above median
Return on assets15% · Top 25%
Net margin (TTM)13% · Above median
Operating margin (TTM)29% · Top 25%
Growth and dividend
Revenue growth157% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/E (TTM)33.0× · Pricier than median
P/B4.57× · Pricier than median
P/S (TTM)4.16× · Pricier than median
EV/EBITDA12.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)100· sector 47
PAST (return on equity)61· sector 15
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 33
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.
Cite: Fair Value Calculator (2026). "Ard Grup Bilisim Teknolojileri AS Fair Value". https://www.fairvalue-calculator.com/stock/ARDYZ
Frequently asked questions
Is Ard Grup Bilisim Teknolojileri AS (ARDYZ) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 41.80 TRY versus a price of 60.30 TRY, about −31% upside (overvalued).
What is the fair value of ARDYZ?
Our model-based fair value for Ard Grup Bilisim Teknolojileri AS is 41.80 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 60.30 TRY.
What is the quality score of ARDYZ?
Ard Grup Bilisim Teknolojileri AS has a Quality Score of 31/100. 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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Our model-based price target is the fair value of 41.80 TRY (as of Sep 13, 2026) from 16 valuation models. Cautious scenario 31.14 TRY, optimistic scenario 55.53 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Ard Grup Bilisim Teknolojileri AS stock forecast for 2026?
Our models put fair value at 41.80 TRY, about −31% upside versus a price of 60.30 TRY (overvalued). Cautious scenario 31.14 TRY, optimistic scenario 55.53 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Ard Grup Bilisim Teknolojileri AS reported trailing-twelve-month revenue of about 5.5B TRY (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ard Grup Bilisim Teknolojileri AS it is 41.80 TRY per share (as of Sep 13, 2026), against a price of 60.30 TRY. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Ard Grup Bilisim Teknolojileri AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ARDYZ trades above its calculated fair value: price 60.30 TRY, fair value 41.80 TRY, a gap of about −31% (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 ARDYZ?
No. The price is what the market pays today (60.30 TRY); the fair value is what the company's own numbers justify (41.80 TRY). For Ard Grup Bilisim Teknolojileri AS the two are 18.50 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Ard Grup Bilisim Teknolojileri AS worth?
The market values Ard Grup Bilisim Teknolojileri AS at about 23.1B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 60.30 TRY; our models calculate a fair value of 41.80 TRY per share.
What do the bullish and bearish scenarios say about ARDYZ?
Our models span a range for Ard Grup Bilisim Teknolojileri AS: cautious scenario 31.14 TRY, base 41.80 TRY, optimistic 55.53 TRY per share (as of Sep 13, 2026, price 60.30 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ARDYZ?
Ard Grup Bilisim Teknolojileri AS trades at a price-to-earnings ratio of 33.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 41.80 TRY is built from several models across several years. Other multiples: P/B 4.6, P/S 4.2, EV/EBITDA 12.3.
How solid is the balance sheet of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Balance-sheet figures for Ard Grup Bilisim Teknolojileri AS (as of Sep 13, 2026): return on equity 15.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is ARDYZ from its 52-week high?
Ard Grup Bilisim Teknolojileri AS trades at 60.30 TRY, about 21% below its 52-week high of 76.50 TRY and 147% above the low of 24.39 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 41.80 TRY is for.
Which stocks are comparable to Ard Grup Bilisim Teknolojileri AS?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, 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 Ard Grup Bilisim Teknolojileri AS stock attractive at the current price?
The data as of Sep 13, 2026: price 60.30 TRY, calculated fair value 41.80 TRY (−31%), Quality Score 31/100, from 16 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 ARDYZ calculated?
We run Ard Grup Bilisim Teknolojileri AS through 16 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 41.80 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. Ard Grup Bilisim Teknolojileri AS 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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The closing price on Sep 17, 2026 was 60.30 TRY. Our model-based fair value is 41.80 TRY, about −31% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ard Grup Bilisim Teknolojileri AS right now?
The price sits above even our optimistic bull case (55.53 TRY). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Ard Grup Bilisim Teknolojileri AS
How large is the market capitalisation of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The market capitalisation of Ard Grup Bilisim Teknolojileri AS is 23.1B TRY (≈ $473M). 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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The price-to-sales ratio of Ard Grup Bilisim Teknolojileri AS is 4.23 (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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Earnings per share at Ard Grup Bilisim Teknolojileri AS are 1.83 TRY (price ÷ EPS = P/E 33.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The net margin of Ard Grup Bilisim Teknolojileri AS is 12.8% (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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The return on equity (ROE) of Ard Grup Bilisim Teknolojileri AS is 15.1% (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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
On an EBIT basis the return on assets of Ard Grup Bilisim Teknolojileri AS is 28.2% (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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
The operating margin of Ard Grup Bilisim Teknolojileri AS is 28.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Revenue at Ard Grup Bilisim Teknolojileri AS is growing +157% versus a year earlier (3y avg +96.7%). 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 Ard Grup Bilisim Teknolojileri AS (ARDYZ)?
Earnings per share at Ard Grup Bilisim Teknolojileri AS are growing +27.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ard Grup Bilisim Teknolojileri AS (ARDYZ) generate?
The free cash flow of Ard Grup Bilisim Teknolojileri AS is −1.4B 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 Ard Grup Bilisim Teknolojileri AS (ARDYZ) carry?
The net debt of Ard Grup Bilisim Teknolojileri AS is 1.4B 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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