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Global Yatirim Holding AS (GLYHO) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Global Yatirim Holding AS stock TRY 11.72, price TRY 16.35, that is 28.3% below the price, quality 41 out of 100. Rating: overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials TR · ISIN TRAGLMDE91R3

GY Global Yatirim Holding AS logo Thin data Nov 7, 2026

Global Yatirim Holding AS

GLYHO · IS
Expensive, weak quality

Our calculation puts a fair price 28% below what the stock costs today.

Solidly profitable · 19.8% net margin (TTM)
Costs just 5.4 times its yearly profit.
Quality 41/100
Expensive Growth (revenue 5y +76.9 %/yr in TRY)
Mixed vs. peers (7/13)
Wide moat 76/100 · thin data
Fair value 11.72 TRY · Overvalued (−28.3%)
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

18.73 TRY 0.5900 TRY Fair Value 11.72 TRY Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range 0.5900 TRY – 18.73 TRY · fair‑value band 11.72 TRY – 27.31 TRY · the 16.35 TRY price screens above the 11.72 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.

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Company profile

Global Yatirim Holding A.S., together with its subsidiaries, engages in the port operation, energy generation, natural gas, mining, real estate, brokerage and asset management, and other businesses in Turkey and internationally. The company operates cruise and commercial port facilities.

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It also generates electricity through biomass, solar, and co/tri-generation power plants; distributes compressed and liquefied natural gas; and mining operations.

In addition, the company provides asset and portfolio management, brokerage, financial advisory, corporate finance and research, and securities and derivatives trading services to corporate and individual investors. Further, it develops and operates real estate projects.

Additionally, the company is involved in tourism and travel agency operations; insurance agency; natural gas and petroleum product transportation; ship management; and port, real estate, tourism, financial, and technology investment businesses.

The company was formerly known as Global Menkul Degerler A.S. and changed its name to Global Yatirim Holding A.S. in January 2005. Global Yatirim Holding A.S. was incorporated in 1990 and is headquartered in Istanbul, Turkey.

Stock analysis

Global Yatirim Holding AS (GLYHO) currently trades at 16.35 TRY, while our model-based Fair Value estimate is 11.72 TRY, 28% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of 53.04 TRY per share, and 3 of the 9 models we run sit above the 16.35 TRY price.

Bear case: the Dividend Discount group reads lowest at 5.67 TRY, and 6 of the 9 models stay below the price. Data coverage for this calculation is low.

Scenario range: 11.72 TRY (bear) to 27.31 TRY (bull), the price of 16.35 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 41/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Global Yatirim Holding AS reported revenue of 28.2B TRL in FY2025 versus 2.6B TRL in FY2021, a compound +81.8%/yr. Reported net income was 5.1B TRL in FY2025.

Key figures

Market cap 31.9B TRY (≈ $636M) Small · P/E ratio 5.4 · P/S ratio 1.15 · EPS (TTM) 3.03 TRY · Dividend yield 3.6% · Net margin 19.8% · Return on equity 34.0% · Return on assets (EBIT) 4.4% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).

What moves the price

The share trades about 13% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −28%, GLYHO screens richer than that median.

Fair Value models

Bear 11.72 TRY Fair Value 11.72 TRY Bull 27.31 TRY
Price 16.35 TRY · Downside -28.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.58 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
Growth DCF n/a n/a 7.75 TRY 75
Residual Income 11.08 TRY 14.77 TRY 24.78 TRY 73
Gordon GGM 3.64 TRY 5.74 TRY 7.13 TRY 69
All 10 models by family
DCF Models
5Y P/E Exit n/a 11.72 TRY 27.31 TRY 68
10Y P/E Exit n/a 5.75 TRY 19.66 TRY 61
Earnings-Based
Graham-Dodd 17.75 TRY 77.52 TRY 106.05 TRY 64
Lynch FV 19.98 TRY 28.55 TRY 37.11 TRY 61
Dividend Discount
Gordon GGM 3.64 TRY 5.74 TRY 7.13 TRY 69
DDM Multi-Stage 3.64 TRY 5.60 TRY 6.20 TRY 67
Multiples
P/E Multiple 25.44 TRY 33.93 TRY 42.41 TRY 63
Growth DCF
Growth DCF n/a n/a 7.75 TRY 75
Rev-Margin DCF n/a 7.81 TRY 22.78 TRY 69
Economic Profit
Residual Income 11.08 TRY 14.77 TRY 24.78 TRY 73

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 50
How much profit the company makes from its sales and capital
Quality Growth 48
Are margins and returns getting better?
Cashflow 56
Do the profits arrive as real cash?
Financial strength 36
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 72
How calm the share price moves, does not count
Price momentum 63
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 75
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.3%
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.
+48.0%
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.
+76.9%
Start year 2020 (pandemic). Over 10 years: +48.2% a year
Revenue growth 16 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.
+42.0%
What shareholders gained per year (last 3 years) ⓘ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 3 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. Basis: EBIT basis.
+20.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.2%
Dividend (yield on the price)3.6%
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.−16% → 22%

GLYHO screens overvalued: fair value 28% below the price. Compare with 3M Company →

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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.Conglomerates · 305 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −28.3% · Below median
Profitability
Return on equity (12 months) 34.0% · Top 25%
Return on assets 5.1% · Above median
Net margin (12 months) 19.8% · Top 25%
Operating margin (12 months) 24.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) −6.1% · Bottom 25%
Dividend yield (12 months) 3.6% · Above median
Balance sheet
Debt / equity 3.70× · Highest 25%

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (12 months) 5.4× · Cheapest 25%
P/B 2.24× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months) 1.15× · Pricier than median
Price / free cash flow (fiscal year) 44.0× · Priciest 25%
EV/EBITDA 7.7× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 51
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)100 · sector 29
HEALTH (low debt)0 · sector 89
DIVIDEND (yield)72 · sector 46

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

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10 more Conglomerates stocks, each showing price versus our Fair Value estimate.

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3M Company MMM $185.15 $73.02 −61% vs GLYHO
Swire Pacific Limited 0019 HK$112.20 HK$27.75 −75% vs GLYHO
Doosan Corporation 000150 638,000 KRW 95,752 KRW −85% vs GLYHO

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Global Yatirim Holding AS: fair value per Fair Value Calculator

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

Frequently asked questions

Is Global Yatirim Holding AS (GLYHO) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 11.72 TRY versus a price of 16.35 TRY, about 28% lower (overvalued).
What is the fair value of GLYHO?
Our model-based fair value for Global Yatirim Holding AS is 11.72 TRY (as of Nov 7, 2026), built from audited fundamentals. The current price: 16.35 TRY.
What is the quality score of GLYHO?
Global Yatirim Holding AS has a Quality Score of 41/100. 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 Global Yatirim Holding AS (GLYHO)?
Our model-based price target is the fair value of 11.72 TRY (as of Nov 7, 2026) from 10 valuation models. Cautious scenario 11.72 TRY, optimistic scenario 27.31 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Global Yatirim Holding AS stock forecast for 2026?
Our models put fair value at 11.72 TRY, about 28% lower versus a price of 16.35 TRY (overvalued). Cautious scenario 11.72 TRY, optimistic scenario 27.31 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Global Yatirim Holding AS (GLYHO)?
Global Yatirim Holding AS reported trailing-twelve-month revenue of about 27.7B TRY (latest available figure, as of Nov 7, 2026).
Does Global Yatirim Holding AS pay a dividend?
Global Yatirim Holding AS currently shows a dividend yield of 3.58% relative to its recent price (as of Nov 7, 2026).
What is the intrinsic value of Global Yatirim Holding AS (GLYHO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Global Yatirim Holding AS it is 11.72 TRY per share (as of Nov 7, 2026), against a price of 16.35 TRY. It is the blended result of 10 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit).
Is Global Yatirim Holding AS stock overvalued or undervalued in 2026?
As of Nov 7, 2026, GLYHO trades above its calculated fair value: price 16.35 TRY, fair value 11.72 TRY, a gap of about −28% (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 GLYHO?
No. The price is what the market pays today (16.35 TRY); the fair value is what the company's own numbers justify (11.72 TRY). For Global Yatirim Holding AS the two are 4.63 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Global Yatirim Holding AS worth?
The market values Global Yatirim Holding AS at about 31.9B TRY (market capitalisation, as of Nov 7, 2026). Per share that is 16.35 TRY; our models calculate a fair value of 11.72 TRY per share.
What do the bullish and bearish scenarios say about GLYHO?
Our models span a range for Global Yatirim Holding AS: cautious scenario 11.72 TRY, base 11.72 TRY, optimistic 27.31 TRY per share (as of Nov 7, 2026, price 16.35 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GLYHO?
Global Yatirim Holding AS trades at a price-to-earnings ratio of 5.4 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.72 TRY is built from several models across several years. Other multiples: P/B 2.2, P/S 1.2, EV/EBITDA 7.7.
How solid is the balance sheet of Global Yatirim Holding AS (GLYHO)?
Balance-sheet figures for Global Yatirim Holding AS (as of Nov 7, 2026): return on equity 34.0%, debt of 3.70 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is GLYHO from its 52-week high?
Global Yatirim Holding AS trades at 16.35 TRY, about 13% below its 52-week high of 18.73 TRY and 47% above the low of 11.14 TRY (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 11.72 TRY is for.
Which stocks are comparable to Global Yatirim Holding AS?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, CK Hutchison Holdings, 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 Global Yatirim Holding AS stock attractive at the current price?
The data as of Nov 7, 2026: price 16.35 TRY, calculated fair value 11.72 TRY (−28%), Quality Score 41/100, 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 GLYHO calculated?
We run Global Yatirim Holding AS through 10 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 11.72 TRY builds on their evidence-weighted average, 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 12.7% above its aggregate fair value. Global Yatirim Holding 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 Global Yatirim Holding AS (GLYHO)?
The closing price on Nov 6, 2026 was 16.35 TRY. Our model-based fair value is 11.72 TRY, about 28% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Global Yatirim Holding AS right now?
Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (11.72 TRY to 27.31 TRY) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Global Yatirim Holding AS

How large is the market capitalisation of Global Yatirim Holding AS (GLYHO)?
The market capitalisation of Global Yatirim Holding AS is 31.9B TRY (≈ $636M). 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 Global Yatirim Holding AS (GLYHO)?
The price-to-sales ratio of Global Yatirim Holding AS is 1.15 (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 Global Yatirim Holding AS (GLYHO)?
Earnings per share at Global Yatirim Holding AS are 3.03 TRY (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Global Yatirim Holding AS (GLYHO)?
The dividend yield of Global Yatirim Holding AS is 3.6% (payout 19.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Global Yatirim Holding AS (GLYHO)?
The net margin of Global Yatirim Holding AS is 19.8% (last twelve months). 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 Global Yatirim Holding AS (GLYHO)?
The return on equity (ROE) of Global Yatirim Holding AS is 34.0% (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 Global Yatirim Holding AS (GLYHO)?
On an EBIT basis the return on assets of Global Yatirim Holding AS is 4.4% (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 Global Yatirim Holding AS (GLYHO)?
The operating margin of Global Yatirim Holding AS is 24.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Global Yatirim Holding AS (GLYHO)?
Revenue at Global Yatirim Holding AS is growing −6.1% versus a year earlier (3y avg +48.0%). 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 Global Yatirim Holding AS (GLYHO)?
Earnings per share at Global Yatirim Holding AS are growing +23.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Global Yatirim Holding AS (GLYHO) generate?
The free cash flow of Global Yatirim Holding AS is 725M 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 Global Yatirim Holding AS (GLYHO) carry?
The net debt of Global Yatirim Holding AS is 52.0B TRY (fiscal year 2025, ≈ 71.7 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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