Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) fair value: what the stock is really worth
We calculate from audited financials what Dogus 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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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. has been incorporated in accordance with capital market law. 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 28.82 TRY, while our model-based Fair Value estimate is 40.97 TRY, implying the stock looks roughly 29.7% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 66.43 TRY per share, and 8 of the 10 models we run sit above the 28.82 TRY price.
Bear case: the Asset-Based group reads lowest at 27.82 TRY, and 2 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 25.91 TRY (bear) to 67.92 TRY (bull), the price of 28.82 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 53/100 (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 11.8B TRY (≈ $242M) · P/S ratio 10.0 · EPS (TTM) −0.1000 TRY · Net margin −20.5% · Return on equity −0.3% · Return on assets (EBIT) 4.1% · Operating margin 76.0% · Revenue (TTM) 1.2B TRY.
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 42% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at 42%, DGGYO screens cheaper than that median.
Fair Value models
Bear 25.91 TRYFair Value 40.97 TRYBull 67.92 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.67/100
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%
Revenue growth 24 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.
−29.3%
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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) → 74.3% (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).
+18.7%
Yearly growth needed for the next five years to justify today's 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 · 155 stocks
Beats the industry median on 6/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+8% · Above median
Profitability
Return on assets3% · Above median
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)76% · Top 25%
Growth and dividend
Revenue growth11% · 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 Sep 13, 2026, our model estimates a fair value of 40.97 TRY versus a price of 28.82 TRY, about +42% upside (undervalued).
What is the fair value of DGGYO?
Our model-based fair value for Dogus Gayrimenkul Yatirim Ortakligi AS is 40.97 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 28.82 TRY.
What is the quality score of DGGYO?
Dogus Gayrimenkul Yatirim Ortakligi AS has a Quality Score of 53/100. 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 40.97 TRY (as of Sep 13, 2026) from 10 valuation models. Cautious scenario 25.91 TRY, optimistic scenario 67.92 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 40.97 TRY, about +42% upside versus a price of 28.82 TRY (undervalued). Cautious scenario 25.91 TRY, optimistic scenario 67.92 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 Sep 13, 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 +18.7 % 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 Sep 13, 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 0.25, 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 +18.7 % 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 +18.7 % 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 +1.7 % a year. That is the yardstick for the growth priced into Dogus Gayrimenkul Yatirim Ortakligi AS (+18.7 % 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 7.81 %: 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 40.97 TRY per share (as of Sep 13, 2026), against a price of 28.82 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 Sep 13, 2026, DGGYO trades below its calculated fair value: price 28.82 TRY, fair value 40.97 TRY, a gap of about +42% (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 (28.82 TRY); the fair value is what the company's own numbers justify (40.97 TRY). For Dogus Gayrimenkul Yatirim Ortakligi AS the two are 12.15 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 11.8B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 28.82 TRY; our models calculate a fair value of 40.97 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 25.91 TRY, base 40.97 TRY, optimistic 67.92 TRY per share (as of Sep 13, 2026, price 28.82 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO)?
Balance-sheet figures for Dogus Gayrimenkul Yatirim Ortakligi AS (as of Sep 13, 2026): return on equity −0.3%. They feed the Quality Score of 53/100, 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 28.82 TRY, about 42% below its 52-week high of 49.30 TRY and 9% above the low of 26.50 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 40.97 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 Sep 13, 2026: price 28.82 TRY, calculated fair value 40.97 TRY (+42%), Quality Score 53/100, 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 40.97 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 16.0 % above its aggregate fair value. Dogus Gayrimenkul Yatirim Ortakligi AS currently trades 42 % 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 Sep 18, 2026 was 28.82 TRY. Our model-based fair value is 40.97 TRY, about +42% 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?
The model range is unusually wide (25.91 TRY to 67.92 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 (53/100) at a price below fair value, the discount is the argument here, not the business quality. 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 11.8B TRY (≈ $242M). 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 10.0 (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 −0.1000 TRY. 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 −0.3% (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 76.0% (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 +11.1% 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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