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Güler Yatirim Holding (GLRYH) Fair Value & Analysis

Financial Services · TR · Market cap 1.8B TRY

GY Güler Yatirim Holding GLRYH · IS
Price3.00 TRY
Fair Value6.00 TRY
Upside+100.0%
Quality41/100
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Mixed Growth
Thin margins · 1.8% net margin
Low debt · generates free cash flow
Ranks above peers (9/12)
Moderate moat 45/100
Evidence: Medium Range 4.50 TRY – 7.50 TRY Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated yesterday

Share price −11.5% over the past month.

Below-average quality, screening 100% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (4.50 TRY). The market is more pessimistic than our downside scenario.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

5.00 TRY 0.5016 TRY Fair Value 6.00 TRY May 2021 Aug 2026

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

60‑month range 0.5016 TRY – 5.00 TRY · fair‑value band 4.50 TRY – 7.50 TRY · the 3.00 TRY price screens below the 6.00 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Güler Yatirim Holding (GLRYH) currently trades at 3.00 TRY, while our model-based Fair Value estimate is 6.00 TRY, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Financial Services 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: medium), always confirm before acting.

Over the trailing twelve months, Güler Yatirim Holding generated revenue of 34.5B TRY at a net margin of 1.8%. Revenue grew 7.0% year over year. It earns a return on equity of 15.7%. Net debt stands at 979M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 4.50 TRY (bear case) to 7.50 TRY (bull case); at 3.00 TRY, the current price sits below 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 42% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 100%, GLRYH 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 3.95 TRY 6.72 TRY 11.08 TRY 80
Rev-Margin DCF 6.77 TRY 12.66 TRY 24.92 TRY 74
ROIC Compounder 7.41 TRY 9.01 TRY 10.64 TRY 72
All 24 models by family
DCF Models
FCF DCF 4.20 TRY 6.07 TRY 11.66 TRY 38
Owner Earnings 2.15 TRY 4.31 TRY 8.32 TRY 31
5Y Revenue Exit 6.11 TRY 11.10 TRY 21.58 TRY 39
5Y EBITDA Exit 8.08 TRY 15.07 TRY 28.80 TRY 41
5Y P/E Exit 2.75 TRY 5.28 TRY 8.60 TRY 38
10Y Revenue Exit 5.26 TRY 12.58 TRY 17.63 TRY 36
10Y EBITDA Exit 6.81 TRY 16.44 TRY 33.71 TRY 37
10Y P/E Exit 3.26 TRY 5.99 TRY 10.22 TRY 35
Earnings-Based
Graham-Dodd 0.8605 TRY 6.00 TRY 8.42 TRY 54
Lynch FV 3.10 TRY 4.43 TRY 5.76 TRY 50
PEG = 1.0 3.10 TRY 4.43 TRY 5.76 TRY 46
EPV 6.95 TRY 7.88 TRY 8.65 TRY 59
Multiples
P/E Multiple 1.90 TRY 2.53 TRY 3.16 TRY 63
P/S Multiple 1.61 TRY 2.15 TRY 2.69 TRY 58
P/B Multiple 1.25 TRY 1.67 TRY 2.09 TRY 55
EV/EBIT 12.91 TRY 17.16 TRY 21.42 TRY 53
EV/EBITDA 9.74 TRY 12.94 TRY 16.15 TRY 54
EV/Revenue 6.45 TRY 9.15 TRY 11.85 TRY 43
Asset-Based
NCAV (Graham) 0.2788 TRY 0.3734 TRY 0.5576 TRY 50
Growth DCF
Growth DCF 3.95 TRY 6.72 TRY 11.08 TRY 80
Rev-Margin DCF 6.77 TRY 12.66 TRY 24.92 TRY 74
Economic Profit
Residual Income 0.7252 TRY 0.9716 TRY 3.89 TRY 61
ROIC Compounder 7.41 TRY 9.01 TRY 10.64 TRY 72
Growth Earnings
Growth-Adj P/E 3.99 TRY 5.71 TRY 7.42 TRY 68

Widest divergence: Growth DCF (6.72 TRY) versus Asset-Based (0.3734 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 34.5B TRY
Revenue growth (YoY) +7.0%
Net margin 1.8%
Return on equity 15.7%
Free cash flow 2.8B TRY FY2025
P/E ratio 2.9
More key figures
Operating margin -0.4%
EPS (TTM) 1.03 TRY
EPS growth (YoY) +7,868%
Net debt 979M TRY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 49 · Market factors (momentum, volatility) 19

Profitability 61
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 50
Buybacks instead of dilution

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

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Güler Yatirim Holding 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.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
34.0B TRY
Avg. growth/yr (3Y)
+103.4%
Avg. growth/yr (5Y)
+146.8%
Avg. growth/yr (18Y)
+32.0%
Revenue +50.6%/yr
FY21 6.6B TRY
FY22 14.7B TRY
FY23 28.9B TRY
FY24 55.7B TRY
FY25 34.0B TRY
Net income +70.3%/yr
FY21 142M TRY
FY22 513M TRY
FY23 198M TRY
FY24 302M TRY
FY25 1.2B TRY

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Cite: Fair Value Calculator (2026). "Güler Yatirim Holding Fair Value". https://www.fairvalue-calculator.com/stock/GLRYH

Peer Group

Asset Management · 973 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.

Quality Score 38 · Bottom 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 16% · Above median
Return on assets 22% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth 7% · Above median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 2.9× · Cheaper than 75% of peers
P/B 0.34× · Cheaper than 75% of peers
P/S (TTM) 0.05× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper than 75% of peers

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.

VALUE 100 · sector 36
FUTURE 35 · sector 6
PAST 63 · sector 26
HEALTH 96 · sector 95
DIVIDEND 0 · sector 70

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,036 $504.81 -51%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 394.40 kr 788.80 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Güler Yatirim Holding (GLRYH) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 6.00 TRY versus a price of 3.00 TRY, about +100% (undervalued).
What is the fair value of GLRYH?
Our model-based fair value for Güler Yatirim Holding is 6.00 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 3.00 TRY.
What is the quality score of GLRYH?
Güler Yatirim Holding has a Quality Score of 41/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Güler Yatirim Holding (GLRYH)?
Güler Yatirim Holding reported trailing-twelve-month revenue of about 34.5B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of GLRYH?
The net profit margin of Güler Yatirim Holding is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.

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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