EN DE

Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) Fair Value & Analysis

Real Estate · TR · Market cap 7.0B TRY

AG Asce Gayrimenkul Yatirim Ortakligi A.S. ASGYO · IS
Price10.68 TRY
Fair Value2.23 TRY
Upside-79.1%
Quality46/100
Expensive Growth
Low debt · negative free cash flow
1.55% dividend yield
Mixed vs. peers (5/10)
Narrow moat 38/100
Watch Asce Gayrimenkul Yatirim Ortakligi A.S. for free, get notified when fair value or trend changes. Watch for free
Evidence: Medium Range 1.67 TRY – 2.78 TRY Share as image

Fair value as of: Aug 4, 2026

From 10 valuation models · updated today

Share price −13.2% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.78 TRY). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (3 years)

27.15 TRY 9.89 TRY Fair Value 2.23 TRY Aug 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

36‑month range 9.89 TRY – 27.15 TRY · fair‑value band 1.67 TRY – 2.78 TRY · the 10.68 TRY price screens above the 2.23 TRY fair value. Dashed = 300-day average. As of Aug 4, 2026.

Which stocks are undervalued right now? Check free Discover now →

Analysis

Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) currently trades at 10.68 TRY, while our model-based Fair Value estimate is 2.23 TRY, implying the stock looks roughly 79.1% overvalued today. We read business quality at 46/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Trailing-twelve-month revenue stands at 224M TRY. Revenue declined 5.2% year over year. It earns a return on equity of 27.0%. Net debt stands at 234M TRY. Fundamentals as of Aug 4, 2026

Our scenario range runs from 1.67 TRY (bear case) to 2.78 TRY (bull case); at 10.68 TRY, the current price sits above that range. The share trades about 24% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at -79%, ASGYO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 2.30 TRY 2.23 TRY 1.87 TRY 76
Growth-Adj P/E 3.29 TRY 4.70 TRY 6.11 TRY 68
P/E Multiple 1.56 TRY 2.08 TRY 2.61 TRY 63
All 10 models by family
DCF Models
Owner Earnings 1.73 TRY 3.61 TRY 7.42 TRY 31
Earnings-Based
Graham-Dodd 0.7088 TRY 4.94 TRY 6.94 TRY 54
Lynch FV 2.55 TRY 3.65 TRY 4.74 TRY 50
PEG = 1.0 2.55 TRY 3.65 TRY 4.74 TRY 46
Multiples
P/E Multiple 1.56 TRY 2.08 TRY 2.61 TRY 63
P/S Multiple 0.0676 TRY 0.0908 TRY 0.1130 TRY 58
P/B Multiple 1.33 TRY 1.77 TRY 2.21 TRY 55
Asset-Based
NCAV (Graham) 1.60 TRY 2.15 TRY 3.21 TRY 50
Economic Profit
Residual Income 2.30 TRY 2.23 TRY 1.87 TRY 76
Growth Earnings
Growth-Adj P/E 3.29 TRY 4.70 TRY 6.11 TRY 68

Widest divergence: Growth Earnings (4.70 TRY) versus Multiples (1.77 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 224M TRY
Revenue growth (YoY) -5.2%
Net margin 2,540%
Return on equity 27.0%
Free cash flow −1.7B TRY FY2025
P/E ratio 1.2
More key figures
Operating margin -86.0%
EPS (TTM) 8.63 TRY
Dividend yield 1.6%
EPS growth (YoY) +501%
Net debt 234M TRY FY2022

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 43

Profitability 31
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Asce Gayrimenkul Yatirim Ortakligi A.S. engages in the construction business in Turkey. It develops and constructs housing projects. The company was incorporated in 2010 and is headquartered in Gaziantep, Turkey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asce Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 226M TRY in FY2025 versus 43.3M TRY in FY2021, a compound +51.1%/yr. Reported net income was 650M TRY in FY2025, compounding +460.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
226M TRY
Latest YoY
+250.7%
Avg. growth/yr (3Y)
−3.3%
Avg. growth/yr (5Y)
+17.7%
Revenue +51.1%/yr
FY21 43.3M TRY
FY22 250M TRY
FY23 33.1M TRY
FY24 64.4M TRY
FY25 226M TRY
Net income +460.2%/yr
FY21 660K TRY
FY22 −263M TRY
FY23 5.7B TRY
FY24 −1.4B TRY
FY25 650M TRY

ASGYO screens 79% overvalued. Compare with Vinhomes Joint Stock Company →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Asce Gayrimenkul Yatirim Ortakligi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/ASGYO

Peer Group

Real Estate - Development · 604 stocks

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.

Quality Score 46 · Above median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 27% · Top 25%
Return on assets -0% · Below median
Operating margin (TTM) -86% · Bottom 25%
Revenue growth -5% · Below median
Dividend yield (TTM) 1.6% · Below median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 1.2× · Cheaper than 75% of peers
P/S (TTM) 0.66× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 52
FUTURE 0 · sector 0
PAST 100 · sector 9
HEALTH 100 · sector 85
DIVIDEND 31 · sector 39

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 147,000 VND 147,415 VND +0%
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

Compare Asce Gayrimenkul Yatirim Ortakligi A.S. with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 2.23 TRY versus a price of 10.68 TRY, about −79% (overvalued).
What is the fair value of ASGYO?
Our model-based fair value for Asce Gayrimenkul Yatirim Ortakligi A.S. is 2.23 TRY (as of Aug 4, 2026), built from audited fundamentals. The current price is 10.68 TRY.
What is the quality score of ASGYO?
Asce Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Asce Gayrimenkul Yatirim Ortakligi A.S. (ASGYO)?
Asce Gayrimenkul Yatirim Ortakligi A.S. reported trailing-twelve-month revenue of about 224M TRY (latest available figure, as of Aug 4, 2026).
Does Asce Gayrimenkul Yatirim Ortakligi A.S. pay a dividend?
Asce Gayrimenkul Yatirim Ortakligi A.S. currently shows a dividend yield of about 1.55% relative to its recent price (as of Aug 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Asce Gayrimenkul Yatirim Ortakligi A.S. and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.