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Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. (GRSEL) Fair Value & Analysis

Industrials · TR · Market cap 34.7B TRY

GS Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. GRSEL · IS
Price339.50 TRY
Fair Value339.74 TRY
Upside+0.1%
Quality65/100
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Mixed Growth
Highly profitable · 25.7% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 100/100
Evidence: High Range 197.59 TRY – 424.67 TRY Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated yesterday

Share price +14.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (197.59 TRY to 424.67 TRY) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

395.19 TRY 7.33 TRY Fair Value 339.74 TRY Mar 2022 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

53‑month range 7.33 TRY – 395.19 TRY · fair‑value band 197.59 TRY – 424.67 TRY · the 339.50 TRY price screens below the 339.74 TRY fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. (GRSEL) currently trades at 339.50 TRY, while our model-based Fair Value estimate is 339.74 TRY, implying the stock looks roughly 0.1% fairly valued today. The Quality Score stands at 65/100 (solid 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, Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. generated revenue of 11.6B TRY at a net margin of 25.7%. Revenue grew 0.5% year over year. It earns a return on equity of 31.2%. Net debt stands at 329M TRY. Fundamentals as of Aug 8, 2026

Our scenario range runs from 197.59 TRY (bear case) to 424.67 TRY (bull case); at 339.50 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 15% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at 0%, GRSEL 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 187.26 TRY 358.87 TRY 640.07 TRY 80
Rev-Margin DCF 197.03 TRY 348.74 TRY 665.74 TRY 74
ROIC Compounder 226.81 TRY 343.34 TRY 499.55 TRY 72
All 24 models by family
DCF Models
FCF DCF 198.27 TRY 304.52 TRY 642.86 TRY 38
Owner Earnings 160.13 TRY 347.79 TRY 741.75 TRY 31
5Y Revenue Exit 179.37 TRY 306.60 TRY 573.38 TRY 39
5Y EBITDA Exit 263.00 TRY 475.72 TRY 893.65 TRY 41
5Y P/E Exit 247.00 TRY 553.33 TRY 973.81 TRY 38
10Y Revenue Exit 181.47 TRY 395.87 TRY 536.29 TRY 36
10Y EBITDA Exit 248.98 TRY 575.97 TRY 1,158 TRY 37
10Y P/E Exit 237.31 TRY 541.52 TRY 1,049 TRY 35
Earnings-Based
Graham-Dodd 110.01 TRY 767.19 TRY 1,077 TRY 54
Lynch FV 396.36 TRY 566.23 TRY 736.09 TRY 50
PEG = 1.0 396.36 TRY 566.23 TRY 736.09 TRY 46
EPV 175.69 TRY 202.80 TRY 226.53 TRY 59
Multiples
P/E Multiple 242.67 TRY 323.56 TRY 404.45 TRY 63
P/S Multiple 153.11 TRY 204.15 TRY 255.19 TRY 58
P/B Multiple 134.03 TRY 178.71 TRY 223.39 TRY 55
EV/EBIT 304.90 TRY 402.20 TRY 499.49 TRY 53
EV/EBITDA 276.87 TRY 364.82 TRY 452.77 TRY 54
EV/Revenue 155.92 TRY 217.17 TRY 278.41 TRY 43
Asset-Based
NCAV (Graham) 29.79 TRY 39.91 TRY 59.57 TRY 50
Growth DCF
Growth DCF 187.26 TRY 358.87 TRY 640.07 TRY 80
Rev-Margin DCF 197.03 TRY 348.74 TRY 665.74 TRY 74
Economic Profit
Residual Income 113.70 TRY 155.31 TRY 1,069 TRY 61
ROIC Compounder 226.81 TRY 343.34 TRY 499.55 TRY 72
Growth Earnings
Growth-Adj P/E 510.74 TRY 729.62 TRY 948.51 TRY 68

Widest divergence: Growth Earnings (729.62 TRY) versus Asset-Based (39.91 TRY). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 11.6B TRY
Revenue growth (YoY) +0.5%
Net margin 25.7%
Return on equity 31.2%
Free cash flow 1.1B TRY FY2024
P/E ratio 17.5
More key figures
Operating margin 32.2%
EPS (TTM) 19.37 TRY
EPS growth (YoY) +10.8%
Net debt 329M TRY FY2023

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 66 · Market factors (momentum, volatility) 50

Profitability 77
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 9
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 82
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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. provides transportation services in Turkey. It provides personnel transportation; student transportation; passenger car, minibus, bus rental services; urban public transport; and intercity transportation services. The company was founded in 1993 and is headquartered in Istanbul, Turkey.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. reported revenue of 8.3B TRY in FY2024 versus 445M TRY in FY2020, a compound +108.1%/yr. Reported net income was 1.7B TRY in FY2024, compounding +134.8%/yr from FY2020.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
8.3B TRY
Latest YoY
+28.2%
Avg. growth/yr (3Y)
+136.0%
Avg. growth/yr (5Y)
+81.9%
Revenue +108.1%/yr
FY20 445M TRY
FY21 633M TRY
FY22 3.0B TRY
FY23 6.5B TRY
FY24 8.3B TRY
Net income +134.8%/yr
FY20 54.3M TRY
FY21 68.1M TRY
FY22 282M TRY
FY23 1.6B TRY
FY24 1.7B TRY

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Cite: Fair Value Calculator (2026). "Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/GRSEL

Peer Group

Railroads · 111 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 65 · Top 25%
Fair Value upside +0% · Above median
Return on equity (TTM) 31% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 32% · Top 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 17.5× · Cheaper than median
P/B 5.70× · Pricier than 75% of peers
P/S (TTM) 3.00× · Pricier than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 8.6× · Cheaper than median

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 33 · sector 28
FUTURE 3 · sector 20
PAST 100 · sector 31
HEALTH 99 · sector 88
DIVIDEND 0 · sector 40

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 Railroads stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $301.75 $144.60 -52%
CSX Corporation CSX $49.41 $12.85 -74%
Canadian Pacific Kansas City Limited CP $92.91 $35.00 -62%
Canadian National Railway Company CNI $128.22 $92.63 -28%
Norfolk Southern Corporation NSC $327.47 $117.90 -64%
Westinghouse Air Brake Technologies Corporation WAB $259.71 $144.80 -44%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.82 ¥5.65 +17%
CRRC Corporation 601766 ¥5.65 ¥9.53 +69%
Daqin Railway Co 601006 ¥4.85 ¥6.24 +29%
Hyundai Rotem Company 064350 167,700 KRW 125,182 KRW -25%

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Frequently asked questions

Is Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. (GRSEL) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of 339.74 TRY versus a price of 339.50 TRY, about +0% (fairly valued).
What is the fair value of GRSEL?
Our model-based fair value for Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. is 339.74 TRY (as of Aug 8, 2026), built from audited fundamentals. The current price is 339.50 TRY.
What is the quality score of GRSEL?
Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. has a Quality Score of 65/100. 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 Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. (GRSEL)?
Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. reported trailing-twelve-month revenue of about 11.6B TRY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of GRSEL?
The net profit margin of Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. is about 25.7%, meaning it keeps roughly 25.7% 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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