Guler Yatirim Holding AS (GLRYH) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Guler Yatirim Holding AS TRY 6.00, price TRY 2.04, upside +194.1%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Güler Yatirim Holding A.S. engages in the investment activities in Turkey. It provides consultancy services on investment, financing, organization, and management issues. The company was formerly known as Baskent Menkul Kiymetler Yatirim Ortakligi A.S. and changed its name to Güler Yatirim Holding Anonim Sirketi in August 2011. Güler Yatirim Holding A.S.
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Güler Yatirim Holding A.S. engages in the investment activities in Turkey. It provides consultancy services on investment, financing, organization, and management issues. The company was formerly known as Baskent Menkul Kiymetler Yatirim Ortakligi A.S. and changed its name to Güler Yatirim Holding Anonim Sirketi in August 2011. Güler Yatirim Holding A.S. was founded in 2006 and is headquartered in Istanbul, Turkey.
Stock analysis
Guler Yatirim Holding AS (GLRYH) currently trades at 2.04 TRY, while our model-based Fair Value estimate is 6.00 TRY, implying the stock looks roughly 66.0% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 15.30 TRY per share, and 11 of the 11 models we run sit above the 2.04 TRY price.
Bear case: the Asset-Based group reads lowest at 5.88 TRY, and 0 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 3.43 TRY (bear) to 9.27 TRY (bull), the price of 2.04 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 52/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Guler Yatirim Holding AS reported revenue of 34.0B TRY in FY2025 versus 6.6B TRY in FY2021, a compound +50.6%/yr. Reported net income was 1.2B TRY in FY2025, compounding +70.3%/yr from FY2021.
Key figures
Market cap 1.8B TRY (≈ $36.9M) · P/E ratio 2.0 · P/S ratio 0.07 · EPS (TTM) 1.03 TRY · Net margin 3.5% · Return on equity 15.7% · Return on assets (EBIT) 23.1% · Operating margin −0.4%.
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 60% 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 194%, GLRYH screens cheaper than that median.
Fair Value models
Bear 3.43 TRYFair Value 6.00 TRYBull 9.27 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.7478 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.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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+103.4%
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.
+146.8%
Revenue growth 18 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.
+32.0%
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What shareholders gained per year (last 5 years), in TRY (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+13.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.4% → 26%
2025 sits 898% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Guler Yatirim Holding AS with another stock
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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 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+126% · Top 25%
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets22% · Top 25%
Net margin (TTM)2% · Bottom 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth7% · Above median
Balance sheet
Debt / equity0.08× · 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). "Guler Yatirim Holding AS Fair Value". https://www.fairvalue-calculator.com/stock/GLRYH
Frequently asked questions
Is Guler Yatirim Holding AS (GLRYH) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 6.00 TRY versus a price of 2.04 TRY, about +194% upside (undervalued).
What is the fair value of GLRYH?
Our model-based fair value for Guler Yatirim Holding AS is 6.00 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 2.04 TRY.
What is the quality score of GLRYH?
Guler Yatirim Holding AS has a Quality Score of 52/100. 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 Guler Yatirim Holding AS (GLRYH)?
Our model-based price target is the fair value of 6.00 TRY (as of Sep 13, 2026) from 11 valuation models. Cautious scenario 3.43 TRY, optimistic scenario 9.27 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Guler Yatirim Holding AS stock forecast for 2026?
Our models put fair value at 6.00 TRY, about +194% upside versus a price of 2.04 TRY (undervalued). Cautious scenario 3.43 TRY, optimistic scenario 9.27 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Guler Yatirim Holding AS (GLRYH)?
Guler Yatirim Holding AS reported trailing-twelve-month revenue of about 34.5B TRY (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Guler Yatirim Holding AS (GLRYH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guler Yatirim Holding AS it is 6.00 TRY per share (as of Sep 13, 2026), against a price of 2.04 TRY. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Guler Yatirim Holding AS stock overvalued or undervalued in 2026?
As of Sep 13, 2026, GLRYH trades below its calculated fair value: price 2.04 TRY, fair value 6.00 TRY, a gap of about +194% (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 GLRYH?
No. The price is what the market pays today (2.04 TRY); the fair value is what the company's own numbers justify (6.00 TRY). For Guler Yatirim Holding AS the two are 3.96 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Guler Yatirim Holding AS worth?
The market values Guler Yatirim Holding AS at about 1.8B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 2.04 TRY; our models calculate a fair value of 6.00 TRY per share.
What do the bullish and bearish scenarios say about GLRYH?
Our models span a range for Guler Yatirim Holding AS: cautious scenario 3.43 TRY, base 6.00 TRY, optimistic 9.27 TRY per share (as of Sep 13, 2026, price 2.04 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GLRYH?
Guler Yatirim Holding AS trades at a price-to-earnings ratio of 2.0 (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 6.00 TRY is built from several models across several years. Other multiples: P/B 0.3, P/S 0.1.
How solid is the balance sheet of Guler Yatirim Holding AS (GLRYH)?
Balance-sheet figures for Guler Yatirim Holding AS (as of Sep 13, 2026): return on equity 15.7%, debt of 0.08 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is GLRYH from its 52-week high?
Guler Yatirim Holding AS trades at 2.04 TRY, about 60% below its 52-week high of 5.15 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 6.00 TRY is for.
Which stocks are comparable to Guler 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 Guler Yatirim Holding AS stock attractive at the current price?
The data as of Sep 13, 2026: price 2.04 TRY, calculated fair value 6.00 TRY (+194%), Quality Score 52/100, 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 GLRYH calculated?
We run Guler 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 6.00 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 16.1 % above its aggregate fair value. Guler Yatirim Holding AS currently trades 194 % 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 Guler Yatirim Holding AS (GLRYH)?
The closing price on Sep 22, 2026 was 2.04 TRY. Our model-based fair value is 6.00 TRY, about +194% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guler Yatirim Holding AS right now?
The price is below even our cautious bear case (3.43 TRY). The market is more pessimistic than our downside scenario. The model range is unusually wide (3.43 TRY to 9.27 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 (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Guler Yatirim Holding AS
How large is the market capitalisation of Guler Yatirim Holding AS (GLRYH)?
The market capitalisation of Guler Yatirim Holding AS is 1.8B TRY (≈ $36.9M). 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 Guler Yatirim Holding AS (GLRYH)?
The price-to-sales ratio of Guler Yatirim Holding AS is 0.07 (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 Guler Yatirim Holding AS (GLRYH)?
Earnings per share at Guler Yatirim Holding AS are 1.03 TRY (price ÷ EPS = P/E 2.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Guler Yatirim Holding AS (GLRYH)?
The net margin of Guler Yatirim Holding AS is 3.5% (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 Guler Yatirim Holding AS (GLRYH)?
The return on equity (ROE) of Guler Yatirim Holding AS is 15.7% (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 Guler Yatirim Holding AS (GLRYH)?
On an EBIT basis the return on assets of Guler Yatirim Holding AS is 23.1% (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 Guler Yatirim Holding AS (GLRYH)?
The operating margin of Guler Yatirim Holding AS is −0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guler Yatirim Holding AS (GLRYH)?
Revenue at Guler Yatirim Holding AS is growing +7.0% versus a year earlier (3y avg +32.3%). 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 Guler Yatirim Holding AS (GLRYH)?
Earnings per share at Guler Yatirim Holding AS are growing +78.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Guler Yatirim Holding AS (GLRYH) generate?
The free cash flow of Guler Yatirim Holding AS is 2.8B TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Guler Yatirim Holding AS (GLRYH) carry?
The net debt of Guler Yatirim Holding AS is 979M TRY (fiscal year 2025, ≈ 0.3 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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