Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) fair value: what the stock is really worth
As of Nov 3, 2026: fair value (intrinsic value) of Dogus Gayrimenkul Yatirim Ortakligi AS stock TRY 24.63, price TRY 21.86, upside +12.7%, quality 51 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range 8.02 TRY – 53.00 TRY · fair‑value band 20.11 TRY – 32.48 TRY · the 21.86 TRY price screens below the 24.63 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Dogus Gayrimenkul Yatirim Ortakligi A.S. has been incorporated in accordance with capital market law.
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Dogus Gayrimenkul Yatirim Ortakligi A.S.'s which is traded on the Borsa Istanbul, main activity is to invest in properties, create, manage, make the necessary changes in the portfolio, minimize the risk of variation in real estate; property related capital market instruments, invest and monitor continuously the real estate based projects and take the necessary measures to protect, also research to increase the value of the portfolio.
The headquarter of the Company is registered in Dogus Center Maslak, Maslak Mahallesi Ahi Evran Cad. No: 4/23 Maslak, Sariyer-Istanbul. Dogus Gayrimenkul Yatirim Ortakligi A.S. is incorporated in July 25, 1997 in Turkey.
Stock analysis
Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) currently trades at 21.86 TRY, while our model-based Fair Value estimate is 24.63 TRY, implying the stock looks roughly 11% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 35.27 TRY per share, and 9 of the 10 models we run sit above the 21.86 TRY price.
Bear case: the Growth DCF group reads lowest at 24.18 TRY, and 1 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: 20.11 TRY (bear) to 32.48 TRY (bull), the price of 21.86 TRY sits inside 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 51/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Dogus Gayrimenkul Yatirim Ortakligi AS reported revenue of 1.1B TRL in FY2025 versus 151M TRL in FY2021, a compound +66.0%/yr. Reported net income was −235M TRL in FY2025.
Key figures
Market cap 7.5B TRY (≈ $149M) Micro · P/E ratio 242.9 · P/S ratio 6.85 · EPS (TTM) 0.0900 TRY · Net margin −20.5% · Return on equity 0.5% · Return on assets (EBIT) 4.1% · Operating margin 75.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 13%, DGGYO screens cheaper than that median.
Fair Value models
Bear20.11 TRYFair Value 24.63 TRYBull32.48 TRY
Price 21.86 TRY · Upside +12.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0759 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.4%
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.
+66.2%
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.
+51.9%
Start year 2020 (pandemic). Over 10 years: +35.8% a year
Revenue growth 10 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.
+35.8%
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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.
77.8% (2019) → 72.0% (2024)
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).
+14.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about −4.1% a year for the price.
Compare Dogus 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 · 138 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+12.7% · Above median
Profitability
Return on equity (12 months)0.5% · Below median
Return on assets−1.2% · Bottom 25%
Net margin (12 months)5.6% · Bottom 25%
Operating margin (12 months)75.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)3.8% · Above median
Valuation Multiplesvs REIT - Diversified 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). "Dogus Gayrimenkul Yatirim Ortakligi AS Fair Value". https://www.fairvalue-calculator.com/stock/DGGYO
Frequently asked questions
Is Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 24.63 TRY versus a price of 21.86 TRY, about +13% upside (undervalued).
What is the fair value of DGGYO?
Our model-based fair value for Dogus Gayrimenkul Yatirim Ortakligi AS is 24.63 TRY (as of Nov 1, 2026), built from audited fundamentals. The current price: 21.86 TRY.
What is the quality score of DGGYO?
Dogus Gayrimenkul Yatirim Ortakligi AS has a Quality Score of 51/100. 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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Our model-based price target is the fair value of 24.63 TRY (as of Nov 1, 2026) from 10 valuation models. Cautious scenario 20.11 TRY, optimistic scenario 32.48 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Dogus Gayrimenkul Yatirim Ortakligi AS stock forecast for 2026?
Our models put fair value at 24.63 TRY, about +13% upside versus a price of 21.86 TRY (undervalued). Cautious scenario 20.11 TRY, optimistic scenario 32.48 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Dogus Gayrimenkul Yatirim Ortakligi AS reported trailing-twelve-month revenue of about 1.2B TRY (latest available figure, as of Nov 1, 2026).
What growth is priced into Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
For today's price to be fair in a discounted-cash-flow model, Dogus Gayrimenkul Yatirim Ortakligi AS would have to grow free cash flow by +14.4 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +51.9 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of DGGYO use?
Our models discount Dogus Gayrimenkul Yatirim Ortakligi AS at 15.7 %: a base by market capitalisation (micro), 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 Dogus Gayrimenkul Yatirim Ortakligi AS that is +14.4 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) delivered so far?
Over the past 5 years revenue at Dogus Gayrimenkul Yatirim Ortakligi AS grew +51.9 % a year. The price currently implies +14.4 % 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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Dogus Gayrimenkul Yatirim Ortakligi AS (+14.4 % 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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
The free-cash-flow yield on the price is 10.29 %: that much free cash flow Dogus Gayrimenkul Yatirim Ortakligi AS produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dogus Gayrimenkul Yatirim Ortakligi AS it is 24.63 TRY per share (as of Nov 1, 2026), against a price of 21.86 TRY. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Dogus Gayrimenkul Yatirim Ortakligi AS stock overvalued or undervalued in 2026?
As of Nov 1, 2026, DGGYO trades below its calculated fair value: price 21.86 TRY, fair value 24.63 TRY, a gap of about +13% (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 DGGYO?
No. The price is what the market pays today (21.86 TRY); the fair value is what the company's own numbers justify (24.63 TRY). For Dogus Gayrimenkul Yatirim Ortakligi AS the two are 2.77 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Dogus Gayrimenkul Yatirim Ortakligi AS worth?
The market values Dogus Gayrimenkul Yatirim Ortakligi AS at about 7.5B TRY (market capitalisation, as of Nov 1, 2026). Per share that is 21.86 TRY; our models calculate a fair value of 24.63 TRY per share.
What do the bullish and bearish scenarios say about DGGYO?
Our models span a range for Dogus Gayrimenkul Yatirim Ortakligi AS: cautious scenario 20.11 TRY, base 24.63 TRY, optimistic 32.48 TRY per share (as of Nov 1, 2026, price 21.86 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DGGYO?
Dogus Gayrimenkul Yatirim Ortakligi AS trades at a price-to-earnings ratio of 242.9 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24.63 TRY is built from several models across several years. Other multiples: P/B 0.5, P/S 6.3, EV/EBITDA 8.2.
How solid is the balance sheet of Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Balance-sheet figures for Dogus Gayrimenkul Yatirim Ortakligi AS (as of Nov 1, 2026): return on equity 0.5%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is DGGYO from its 52-week high?
Dogus Gayrimenkul Yatirim Ortakligi AS trades at 21.86 TRY, about 54% below its 52-week high of 47.34 TRY and at the low of 21.86 TRY (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of 24.63 TRY is for.
Which stocks are comparable to Dogus 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 Dogus Gayrimenkul Yatirim Ortakligi AS stock attractive at the current price?
The data as of Nov 1, 2026: price 21.86 TRY, calculated fair value 24.63 TRY (+13%), Quality Score 51/100, 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 DGGYO calculated?
We run Dogus Gayrimenkul Yatirim Ortakligi AS 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 24.63 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 14.5% above its aggregate fair value. Dogus Gayrimenkul Yatirim Ortakligi AS currently trades 11% 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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
The closing price on Nov 3, 2026 was 21.86 TRY. Our model-based fair value is 24.63 TRY, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dogus Gayrimenkul Yatirim Ortakligi AS right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Dogus Gayrimenkul Yatirim Ortakligi AS
How large is the market capitalisation of Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
The market capitalisation of Dogus Gayrimenkul Yatirim Ortakligi AS is 7.5B TRY (≈ $149M). 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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
The price-to-sales ratio of Dogus Gayrimenkul Yatirim Ortakligi AS is 6.85 (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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Earnings per share at Dogus Gayrimenkul Yatirim Ortakligi AS are 0.0900 TRY (price ÷ EPS = P/E 242.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
The net margin of Dogus Gayrimenkul Yatirim Ortakligi AS is −20.5% (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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
The return on equity (ROE) of Dogus Gayrimenkul Yatirim Ortakligi AS is 0.5% (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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
On an EBIT basis the return on assets of Dogus Gayrimenkul Yatirim Ortakligi AS is 4.1% (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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
The operating margin of Dogus Gayrimenkul Yatirim Ortakligi AS is 75.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Revenue at Dogus Gayrimenkul Yatirim Ortakligi AS is growing +3.8% versus a year earlier (3y avg +66.2%). 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 Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Earnings per share at Dogus Gayrimenkul Yatirim Ortakligi AS are growing +95.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) carry?
The net debt of Dogus Gayrimenkul Yatirim Ortakligi AS is 2.9B TRY (fiscal year 2025, ≈ 3.9 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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Thin data
Nov 1, 2026