Gulermak Aglr Sanayi Insaat ve Taahhut A.S. (GLRMK) Fair Value & Analysis
Industrials · TR · Market cap 53.1B TRY
Fair value as of: Aug 8, 2026
From 24 valuation models · updated yesterday
Share price +5.7% over the past month.
Below-average quality, screening 49% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
- The model range is unusually wide (118.26 TRY to 319.96 TRY). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (19 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
19‑month range 125.00 TRY – 244.90 TRY · fair‑value band 118.26 TRY – 319.96 TRY · the 169.60 TRY price screens below the 253.50 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Gulermak Aglr Sanayi Insaat ve Taahhut A.S. (GLRMK) currently trades at 169.60 TRY, while our model-based Fair Value estimate is 253.50 TRY, implying the stock looks roughly 49.5% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Gulermak Aglr Sanayi Insaat ve Taahhut A.S. generated revenue of 46.2B TRY at a net margin of 7.3%. Revenue grew 8.0% year over year. It earns a return on equity of 21.4%. The stock trades on a trailing P/E of 15.9. Fundamentals as of Aug 8, 2026
Our scenario range runs from 118.26 TRY (bear case) to 319.96 TRY (bull case); at 169.60 TRY, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 49%, GLRMK screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth Earnings (344.42 TRY) versus Asset-Based (36.86 TRY). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 28
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Gulermak Aglr Sanayi Insaat ve Taahhut A.S. provides civil infrastructure and industrial construction services in Turkey, Poland, Romania, Sweden, Switzerland, the Philippines, North Macedonia, the United Arab Emirates, and India.
Full company description
Gulermak Aglr Sanayi Insaat ve Taahhut A.S. provides civil infrastructure and industrial construction services in Turkey, Poland, Romania, Sweden, Switzerland, the Philippines, North Macedonia, the United Arab Emirates, and India. The company offers engineering, procurement, and construction services for the transportation sector, including railways, metro and light rail systems, trams, highways, tunnels, roads, and bridges; industrial sector, such as cement and sugar factories, glass factories, dams, and irrigation systems; energy sector comprising hydroelectric, thermal, and natural gas combined cycle power plants; and environmental sector consisting of water and wastewater treatment plants and pipelines, as well as sea, lake, and river dredging services. It is also involved in the provision of steel construction structures. The company serves official public and private institutions. The company was founded in 1958 and is headquartered in Ankara, Turkey. Gulermak Aglr Sanayi Insaat ve Taahhut A.S. operates as a subsidiary of Gulermak Emlak Yapi Insaat Yatirim Anonim Sirketi.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Gulermak Aglr Sanayi Insaat ve Taahhut A.S. reported revenue of 45.5B TRY in FY2025 versus 21.0B TRY in FY2022, a compound +29.4%/yr. Reported net income was 4.3B TRY in FY2025, compounding +190.3%/yr from FY2022.
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Peer Group
Engineering & Construction · 837 stocks
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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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