Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) fair value: what the stock is really worth
We calculate from audited financials what Ata Gayrimenkul Yatirim Ortakligi 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 2.02 TRY – 17.55 TRY · fair‑value band 4.10 TRY – 5.58 TRY · the 10.11 TRY price screens above the 5.58 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.
Ata Gayrimenkul Yatirim Ortakligi A.S. operates in REIT sector in Turkey. The company focuses on commercial real estate valuables and projects. Its projects include real estate, retail, office, and logistics. Ata Gayrimenkul Yatirim Ortakligi A.S. was founded in 1997 and is based in Istanbul, Turkey.
Stock analysis
Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) currently trades at 10.11 TRY, while our model-based Fair Value estimate is 5.58 TRY, implying the stock looks roughly 81.2% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 10.29 TRY per share, and 1 of the 13 models we run sit above the 10.11 TRY price.
Bear case: the Multiples group reads lowest at 2.39 TRY, and 12 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 4.10 TRY (bear) to 5.58 TRY (bull), the price of 10.11 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 49/100 (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.
Ata Gayrimenkul Yatirim Ortakligi AS reported revenue of 44.4M TRL in FY2025 versus 4.4M TRL in FY2021, a compound +78.6%/yr. Reported net income was −6.4M TRL in FY2025.
Key figures
Market cap 480M TRY (≈ $9.9M) · P/S ratio 11.2 · EPS (TTM) −0.1100 TRY · Dividend yield 0.1% · Net margin −14.4% · Return on equity −0.8% · Return on assets (EBIT) 2.4% · Operating margin −5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −21% fair-value upside, at −45%, ATAGY screens richer than that median.
Fair Value models
Bear 4.10 TRYFair Value 5.58 TRYBull 5.58 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+18.0%
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.
−20.9%
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.
+32.3%
Revenue growth 23 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.
−48.9%
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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.
−12.9% (2020) → 7.1% (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).
+24.5%
Yearly growth needed for the next five years to justify today's price.
Compare Ata Gayrimenkul Yatirim Ortakligi 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.REIT - Diversified · 155 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−51% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−12% · Bottom 25%
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−5% · Bottom 25%
Dividend yield (TTM)0.1% · Bottom 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/S (TTM)0.23× · Cheapest 25%
P/FCF0.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)0· sector 16
PAST (return on equity)0· sector 19
HEALTH (low debt)100· sector 75
DIVIDEND (yield)0· sector 100
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). "Ata Gayrimenkul Yatirim Ortakligi AS Fair Value". https://www.fairvalue-calculator.com/stock/ATAGY
Frequently asked questions
Is Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 5.58 TRY versus a price of 10.11 TRY, about −45% upside (overvalued).
What is the fair value of ATAGY?
Our model-based fair value for Ata Gayrimenkul Yatirim Ortakligi AS is 5.58 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 10.11 TRY.
What is the quality score of ATAGY?
Ata Gayrimenkul Yatirim Ortakligi AS has a Quality Score of 49/100. 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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
Our model-based price target is the fair value of 5.58 TRY (as of Sep 13, 2026) from 13 valuation models. Cautious scenario 4.10 TRY, optimistic scenario 5.58 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Ata Gayrimenkul Yatirim Ortakligi AS stock forecast for 2026?
Our models put fair value at 5.58 TRY, about −45% upside versus a price of 10.11 TRY (overvalued). Cautious scenario 4.10 TRY, optimistic scenario 5.58 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
Ata Gayrimenkul Yatirim Ortakligi AS reported trailing-twelve-month revenue of about 43.7M TRY (latest available figure, as of Sep 13, 2026).
Does Ata Gayrimenkul Yatirim Ortakligi AS pay a dividend?
Ata Gayrimenkul Yatirim Ortakligi AS currently shows a dividend yield of about 0.15% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
For today's price to be fair in a discounted-cash-flow model, Ata Gayrimenkul Yatirim Ortakligi AS would have to grow free cash flow by +24.5 % 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 +32.3 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of ATAGY use?
Our models discount Ata Gayrimenkul Yatirim Ortakligi AS at 14.2 %: a base by market capitalisation (nano), 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 Ata Gayrimenkul Yatirim Ortakligi AS that is +24.5 % 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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) delivered so far?
Over the past 5 years revenue at Ata Gayrimenkul Yatirim Ortakligi AS grew +32.3 % a year. The price currently implies +24.5 % 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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Ata Gayrimenkul Yatirim Ortakligi AS (+24.5 % 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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
The free-cash-flow yield on the price is 3.58 %: that much free cash flow Ata Gayrimenkul Yatirim Ortakligi 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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ata Gayrimenkul Yatirim Ortakligi AS it is 5.58 TRY per share (as of Sep 13, 2026), against a price of 10.11 TRY. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Ata Gayrimenkul Yatirim Ortakligi AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ATAGY trades above its calculated fair value: price 10.11 TRY, fair value 5.58 TRY, a gap of about −45% (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 ATAGY?
No. The price is what the market pays today (10.11 TRY); the fair value is what the company's own numbers justify (5.58 TRY). For Ata Gayrimenkul Yatirim Ortakligi AS the two are 4.53 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Ata Gayrimenkul Yatirim Ortakligi AS worth?
The market values Ata Gayrimenkul Yatirim Ortakligi AS at about 480M TRY (market capitalisation, as of Sep 13, 2026). Per share that is 10.11 TRY; our models calculate a fair value of 5.58 TRY per share.
What do the bullish and bearish scenarios say about ATAGY?
Our models span a range for Ata Gayrimenkul Yatirim Ortakligi AS: cautious scenario 4.10 TRY, base 5.58 TRY, optimistic 5.58 TRY per share (as of Sep 13, 2026, price 10.11 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
Balance-sheet figures for Ata Gayrimenkul Yatirim Ortakligi AS (as of Sep 13, 2026): return on equity −0.8%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is ATAGY from its 52-week high?
Ata Gayrimenkul Yatirim Ortakligi AS trades at 10.11 TRY, about 45% below its 52-week high of 18.48 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 5.58 TRY is for.
Which stocks are comparable to Ata Gayrimenkul Yatirim Ortakligi AS?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Charter Hall Group, 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 Ata Gayrimenkul Yatirim Ortakligi AS stock attractive at the current price?
The data as of Sep 13, 2026: price 10.11 TRY, calculated fair value 5.58 TRY (−45%), Quality Score 49/100, from 13 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 ATAGY calculated?
We run Ata Gayrimenkul Yatirim Ortakligi AS through 13 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 5.58 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 15.8 % above its aggregate fair value. Ata Gayrimenkul Yatirim Ortakligi 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 should I pay attention to with Ata Gayrimenkul Yatirim Ortakligi AS right now?
The price sits above even our optimistic bull case (5.58 TRY). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (49/100) 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.
Key figures of Ata Gayrimenkul Yatirim Ortakligi AS
How large is the market capitalisation of Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
The market capitalisation of Ata Gayrimenkul Yatirim Ortakligi AS is 480M TRY (≈ $9.9M). 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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
The price-to-sales ratio of Ata Gayrimenkul Yatirim Ortakligi AS is 11.2 (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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
Earnings per share at Ata Gayrimenkul Yatirim Ortakligi AS are −0.1100 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
The dividend yield of Ata Gayrimenkul Yatirim Ortakligi AS is 0.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
The net margin of Ata Gayrimenkul Yatirim Ortakligi AS is −14.4% (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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
The return on equity (ROE) of Ata Gayrimenkul Yatirim Ortakligi AS is −0.8% (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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
On an EBIT basis the return on assets of Ata Gayrimenkul Yatirim Ortakligi AS is 2.4% (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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
The operating margin of Ata Gayrimenkul Yatirim Ortakligi AS is −5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
Revenue at Ata Gayrimenkul Yatirim Ortakligi AS is growing −5.2% versus a year earlier (3y avg −20.9%). 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 Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY)?
Earnings per share at Ata Gayrimenkul Yatirim Ortakligi AS are growing +5.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) carry?
The net debt of Ata Gayrimenkul Yatirim Ortakligi AS is 70.8M TRY (fiscal year 2021, ≈ 4.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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