Avrupa Yatirim Holding AS (AVHOL) fair value: what the stock is really worth
We calculate from audited financials what Avrupa Yatirim Holding 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 4.70 TRY – 164.00 TRY · fair‑value band 45.41 TRY – 181.66 TRY · the 28.94 TRY price screens below the 69.36 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.
Avrupa Yatirim Holding A.S. provides healthcare and telecommunication services in Turkey. The company operates, equips, rents, and leases private hospitals, medical centers, dialysis centers, medical analysis and x-ray laboratories, and other healthcare facilities.
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Avrupa Yatirim Holding A.S. provides healthcare and telecommunication services in Turkey. The company operates, equips, rents, and leases private hospitals, medical centers, dialysis centers, medical analysis and x-ray laboratories, and other healthcare facilities. It also owns, purchases, sells, transfers, and rentals communication facilities, including telephone, telex, and fax. The company was formerly known as Baysan Trafo Radyatorleri Sanayi ve Ticaret A.S. and changed its name to Avrupa Yatirim Holding A.S. in December 2014. The company was incorporated in 1998 and is based in Istanbul, Turkey.
Stock analysis
Avrupa Yatirim Holding AS (AVHOL) currently trades at 28.94 TRY, while our model-based Fair Value estimate is 69.36 TRY, implying the stock looks roughly 58.3% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 305.97 TRY per share, and 10 of the 11 models we run sit above the 28.94 TRY price.
Bear case: the Asset-Based group reads lowest at 19.77 TRY, and 1 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 45.41 TRY (bear) to 181.66 TRY (bull), the price of 28.94 TRY sits below 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 48/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Avrupa Yatirim Holding AS reported revenue of 430M TRY in FY2025 versus 39.5M TRY in FY2021, a compound +81.7%/yr. Reported net income was 326M TRY in FY2025, compounding +236.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.4B TRY (≈ $28.2M) · P/S ratio 3.67 · EPS (TTM) −0.0900 TRY · Net margin 75.7% · Return on equity −63.0% · Return on assets (EBIT) 0.3% · Operating margin −7.1% · Revenue (TTM) 374M TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at 140%, AVHOL screens cheaper than that median.
Fair Value models
Bear 45.41 TRYFair Value 69.36 TRYBull 181.66 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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−45.3%
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.
+60.8%
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.
+96.2%
Revenue growth 16 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.
+16.6%
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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.
14.7% (2020) → −18.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
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).
−8.9%
Yearly growth needed for the next five years to justify today's price.
Compare Avrupa Yatirim Holding 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.Asset Management · 655 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+120% · Top 25%
Profitability
Return on assets−3% · Bottom 25%
Operating margin (TTM)−7% · Bottom 25%
Growth and dividend
Revenue growth−42% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "Avrupa Yatirim Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/AVHOL
Frequently asked questions
Is Avrupa Yatirim Holding AS (AVHOL) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 69.36 TRY versus a price of 28.94 TRY, about +140% upside (undervalued).
What is the fair value of AVHOL?
Our model-based fair value for Avrupa Yatirim Holding AS is 69.36 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 28.94 TRY.
What is the quality score of AVHOL?
Avrupa Yatirim Holding AS has a Quality Score of 48/100. 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 Avrupa Yatirim Holding AS (AVHOL)?
Our model-based price target is the fair value of 69.36 TRY (as of Sep 13, 2026) from 11 valuation models. Cautious scenario 45.41 TRY, optimistic scenario 181.66 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Avrupa Yatirim Holding AS stock forecast for 2026?
Our models put fair value at 69.36 TRY, about +140% upside versus a price of 28.94 TRY (undervalued). Cautious scenario 45.41 TRY, optimistic scenario 181.66 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Avrupa Yatirim Holding AS (AVHOL)?
Avrupa Yatirim Holding AS reported trailing-twelve-month revenue of about 374M TRY (latest available figure, as of Sep 13, 2026).
What growth is priced into Avrupa Yatirim Holding AS (AVHOL)?
For today's price to be fair in a discounted-cash-flow model, Avrupa Yatirim Holding AS would have to grow free cash flow by -8.9 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +96.2 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of AVHOL use?
Our models discount Avrupa Yatirim Holding AS at 12.7 %: a base by market capitalisation (nano), damped by beta 0.30, 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 Avrupa Yatirim Holding AS that is -8.9 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Avrupa Yatirim Holding AS (AVHOL) delivered so far?
Over the past 5 years revenue at Avrupa Yatirim Holding AS grew +96.2 % a year. The price currently implies -8.9 % 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 Avrupa Yatirim Holding AS (AVHOL) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into Avrupa Yatirim Holding AS (-8.9 % 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 Avrupa Yatirim Holding AS (AVHOL)?
The free-cash-flow yield on the price is 21.43 %: that much free cash flow Avrupa Yatirim Holding AS produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Avrupa Yatirim Holding AS (AVHOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avrupa Yatirim Holding AS it is 69.36 TRY per share (as of Sep 13, 2026), against a price of 28.94 TRY. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Avrupa Yatirim Holding AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, AVHOL trades below its calculated fair value: price 28.94 TRY, fair value 69.36 TRY, a gap of about +140% (undervalued). 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 AVHOL?
No. The price is what the market pays today (28.94 TRY); the fair value is what the company's own numbers justify (69.36 TRY). For Avrupa Yatirim Holding AS the two are 40.42 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Avrupa Yatirim Holding AS worth?
The market values Avrupa Yatirim Holding AS at about 1.4B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 28.94 TRY; our models calculate a fair value of 69.36 TRY per share.
What do the bullish and bearish scenarios say about AVHOL?
Our models span a range for Avrupa Yatirim Holding AS: cautious scenario 45.41 TRY, base 69.36 TRY, optimistic 181.66 TRY per share (as of Sep 13, 2026, price 28.94 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Avrupa Yatirim Holding AS (AVHOL)?
Balance-sheet figures for Avrupa Yatirim Holding AS (as of Sep 13, 2026): return on equity −63.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is AVHOL from its 52-week high?
Avrupa Yatirim Holding AS trades at 28.94 TRY, about 49% below its 52-week high of 57.20 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 69.36 TRY is for.
Which stocks are comparable to Avrupa Yatirim Holding AS?
From the same area (Financial Services) we also value Blackstone Inc, Investor AB, Brookfield Corporation, KKR & Co, 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 Avrupa Yatirim Holding AS stock attractive at the current price?
The data as of Sep 13, 2026: price 28.94 TRY, calculated fair value 69.36 TRY (+140%), Quality Score 48/100, from 11 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 AVHOL calculated?
We run Avrupa Yatirim Holding AS through 11 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 69.36 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. Avrupa Yatirim Holding AS currently trades 140 % below its own fair value, and the market average says nothing about that. 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 Avrupa Yatirim Holding AS (AVHOL)?
The closing price on Sep 18, 2026 was 28.94 TRY. Our model-based fair value is 69.36 TRY, about +140% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avrupa Yatirim Holding AS right now?
The price is below even our cautious bear case (45.41 TRY). The market is more pessimistic than our downside scenario. The model range is unusually wide (45.41 TRY to 181.66 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Avrupa Yatirim Holding AS
How large is the market capitalisation of Avrupa Yatirim Holding AS (AVHOL)?
The market capitalisation of Avrupa Yatirim Holding AS is 1.4B TRY (≈ $28.2M). 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 Avrupa Yatirim Holding AS (AVHOL)?
The price-to-sales ratio of Avrupa Yatirim Holding AS is 3.67 (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 Avrupa Yatirim Holding AS (AVHOL)?
Earnings per share at Avrupa Yatirim Holding AS are −0.0900 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Avrupa Yatirim Holding AS (AVHOL)?
The net margin of Avrupa Yatirim Holding AS is 75.7% (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 Avrupa Yatirim Holding AS (AVHOL)?
The return on equity (ROE) of Avrupa Yatirim Holding AS is −63.0% (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 Avrupa Yatirim Holding AS (AVHOL)?
On an EBIT basis the return on assets of Avrupa Yatirim Holding AS is 0.3% (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 Avrupa Yatirim Holding AS (AVHOL)?
The operating margin of Avrupa Yatirim Holding AS is −7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Avrupa Yatirim Holding AS (AVHOL)?
Revenue at Avrupa Yatirim Holding AS is growing −41.9% versus a year earlier (3y avg +60.8%). 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 Avrupa Yatirim Holding AS (AVHOL)?
Earnings per share at Avrupa Yatirim Holding AS are growing +11.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Avrupa Yatirim Holding AS (AVHOL) carry?
The net debt of Avrupa Yatirim Holding AS is 187M TRY (fiscal year 2025, ≈ 0.8 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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