Gelecek Varlik Yonetimi AS (GLCVY) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Gelecek Varlik Yonetimi AS TRY 10.34, price TRY 46.46, upside -77.7%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Gelecek Varlik Yönetimi Anonim Sirketi operates as a financial institution in Turkey. It also provides consultancy and brokerage services. The company was incorporated in 2018 and is headquartered in Istanbul, Turkey. Gelecek Varlik Yönetimi Anonim Sirketi is a subsidiary of Fiba Holding Anonim Sirketi.
Stock analysis
Gelecek Varlik Yonetimi AS (GLCVY) currently trades at 46.46 TRY, while our model-based Fair Value estimate is 10.34 TRY, implying the stock looks roughly 349.2% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 10.73 TRY per share, and 0 of the 7 models we run sit above the 46.46 TRY price.
Bear case: the Dividend Discount group reads lowest at 2.98 TRY, and 7 of the 7 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8.46 TRY (bear) to 20.23 TRY (bull), the price of 46.46 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 80/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Gelecek Varlik Yonetimi AS reported revenue of 629M TRY in FY2021 versus 716M TRY in FY2018, a compound −4.2%/yr. Reported net income was 174M TRY in FY2021, compounding +170.4%/yr from FY2018. FY2018 was a trough year, so the rate overstates the trend.
Key figures
Market cap 7.3B TRY (≈ $149M) · P/E ratio 12.3 · P/S ratio 3.41 · EPS (TTM) 3.77 TRY · Net margin 27.7% · Return on equity 42.5% · Return on assets (EBIT) 9.5% · Operating margin 46.9%.
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 43% 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 −78%, GLCVY screens richer than that median.
Fair Value models
Bear 8.46 TRYFair Value 10.34 TRYBull 20.23 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.60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
Compare Gelecek Varlik Yonetimi 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 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside−80% · Bottom 25%
Profitability
Return on equity (TTM)42% · Top 25%
Return on assets28% · Top 25%
Net margin (TTM)19% · Below median
Operating margin (TTM)47% · Above median
Growth and dividend
Revenue growth24% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (TTM)12.3× · Cheaper than median
P/B9.69× · Priciest 25%
P/S (TTM)0.90× · Cheapest 25%
EV/EBITDA1.8× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 50
FUTURE (revenue growth)100· sector 22
PAST (return on equity)100· sector 21
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 79
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). "Gelecek Varlik Yonetimi AS Fair Value". https://www.fairvalue-calculator.com/stock/GLCVY
Frequently asked questions
Is Gelecek Varlik Yonetimi AS (GLCVY) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 10.34 TRY versus a price of 46.46 TRY, about −78% upside (overvalued).
What is the fair value of GLCVY?
Our model-based fair value for Gelecek Varlik Yonetimi AS is 10.34 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 46.46 TRY.
What is the quality score of GLCVY?
Gelecek Varlik Yonetimi AS has a Quality Score of 80/100. 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 Gelecek Varlik Yonetimi AS (GLCVY)?
Our model-based price target is the fair value of 10.34 TRY (as of Sep 13, 2026) from 7 valuation models. Cautious scenario 8.46 TRY, optimistic scenario 20.23 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Gelecek Varlik Yonetimi AS stock forecast for 2026?
Our models put fair value at 10.34 TRY, about −78% upside versus a price of 46.46 TRY (overvalued). Cautious scenario 8.46 TRY, optimistic scenario 20.23 TRY. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Gelecek Varlik Yonetimi AS (GLCVY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gelecek Varlik Yonetimi AS it is 10.34 TRY per share (as of Sep 13, 2026), against a price of 46.46 TRY. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Gelecek Varlik Yonetimi AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, GLCVY trades above its calculated fair value: price 46.46 TRY, fair value 10.34 TRY, a gap of about −78% (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 GLCVY?
No. The price is what the market pays today (46.46 TRY); the fair value is what the company's own numbers justify (10.34 TRY). For Gelecek Varlik Yonetimi AS the two are 36.12 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Gelecek Varlik Yonetimi AS worth?
The market values Gelecek Varlik Yonetimi AS at about 7.3B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 46.46 TRY; our models calculate a fair value of 10.34 TRY per share.
What do the bullish and bearish scenarios say about GLCVY?
Our models span a range for Gelecek Varlik Yonetimi AS: cautious scenario 8.46 TRY, base 10.34 TRY, optimistic 20.23 TRY per share (as of Sep 13, 2026, price 46.46 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GLCVY?
Gelecek Varlik Yonetimi AS trades at a price-to-earnings ratio of 12.3 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.34 TRY is built from several models across several years. Other multiples: P/B 9.7, P/S 0.9, EV/EBITDA 1.8.
How solid is the balance sheet of Gelecek Varlik Yonetimi AS (GLCVY)?
Balance-sheet figures for Gelecek Varlik Yonetimi AS (as of Sep 13, 2026): return on equity 42.5%. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is GLCVY from its 52-week high?
Gelecek Varlik Yonetimi AS trades at 46.46 TRY, about 43% below its 52-week high of 81.17 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 10.34 TRY is for.
Which stocks are comparable to Gelecek Varlik Yonetimi 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 Gelecek Varlik Yonetimi AS stock attractive at the current price?
The data as of Sep 13, 2026: price 46.46 TRY, calculated fair value 10.34 TRY (−78%), Quality Score 80/100, from 7 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 GLCVY calculated?
We run Gelecek Varlik Yonetimi AS through 7 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 10.34 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. Gelecek Varlik Yonetimi 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 is the share price of Gelecek Varlik Yonetimi AS (GLCVY)?
The closing price on Sep 22, 2026 was 46.46 TRY. Our model-based fair value is 10.34 TRY, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gelecek Varlik Yonetimi AS right now?
A high-quality business (quality 80/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (20.23 TRY). The favourable scenario is already priced in. A fairly wide model range (8.46 TRY to 20.23 TRY) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Gelecek Varlik Yonetimi AS
How large is the market capitalisation of Gelecek Varlik Yonetimi AS (GLCVY)?
The market capitalisation of Gelecek Varlik Yonetimi AS is 7.3B 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 Gelecek Varlik Yonetimi AS (GLCVY)?
The price-to-sales ratio of Gelecek Varlik Yonetimi AS is 3.41 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gelecek Varlik Yonetimi AS (GLCVY)?
Earnings per share at Gelecek Varlik Yonetimi AS are 3.77 TRY (price ÷ EPS = P/E 12.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Gelecek Varlik Yonetimi AS (GLCVY)?
The net margin of Gelecek Varlik Yonetimi AS is 27.7% (fiscal year 2021). 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 Gelecek Varlik Yonetimi AS (GLCVY)?
The return on equity (ROE) of Gelecek Varlik Yonetimi AS is 42.5% (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 Gelecek Varlik Yonetimi AS (GLCVY)?
On an EBIT basis the return on assets of Gelecek Varlik Yonetimi AS is 9.5% (avg 4y). 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 Gelecek Varlik Yonetimi AS (GLCVY)?
The operating margin of Gelecek Varlik Yonetimi AS is 46.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gelecek Varlik Yonetimi AS (GLCVY)?
Revenue at Gelecek Varlik Yonetimi AS is growing +23.5% versus a year earlier (3y avg −4.2%). 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 Gelecek Varlik Yonetimi AS (GLCVY)?
Earnings per share at Gelecek Varlik Yonetimi AS are growing +14.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Gelecek Varlik Yonetimi AS (GLCVY) generate?
The free cash flow of Gelecek Varlik Yonetimi AS is −131M TRY (fiscal year 2021). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Gelecek Varlik Yonetimi AS (GLCVY) carry?
The net debt of Gelecek Varlik Yonetimi AS is 363M TRY (fiscal year 2021). 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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