White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 22, 2026.
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.
GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) currently trades at 279.25 TRY, while our model-based Fair Value estimate is 339.74 TRY, implying the stock looks roughly 17.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 740.62 TRY per share, and 16 of the 24 models we run sit above the 279.25 TRY price.
Bear case: the Asset-Based group reads lowest at 39.91 TRY, and 8 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 168.31 TRY (bear) to 424.67 TRY (bull), the price of 279.25 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 68/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
GurSel Turizm Tasimacilik Ve Servis Ticaret AS 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. FY2020 was a trough year, so the rate overstates the trend.
Key figures
Market cap 34.7B TRY (≈ $710M) · P/E ratio 14.4 · P/S ratio 2.86 · EPS (TTM) 19.37 TRY · Net margin 19.8% · Return on equity 31.2% · Return on assets (EBIT) 15.5% · Operating margin 32.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 5% fair-value upside, at 22%, GRSEL screens cheaper than that median.
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 2024 figures (about 12 months old). Earnings retained since then (19.37 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.
Highest evidence
FCF DCF
198.27 TRY
304.52 TRY
642.86 TRY
73
Growth DCF
187.26 TRY
358.87 TRY
640.07 TRY
73
EPV
175.69 TRY
202.80 TRY
226.53 TRY
71
All 24 models by family
DCF Models
FCF DCF
198.27 TRY
304.52 TRY
642.86 TRY
73
Owner Earnings
160.13 TRY
347.79 TRY
741.75 TRY
68
5Y Revenue Exit
146.99 TRY
241.13 TRY
437.85 TRY
68
5Y EBITDA Exit
263.00 TRY
475.72 TRY
893.65 TRY
69
5Y P/E Exit
256.16 TRY
576.88 TRY
1,017 TRY
65
10Y Revenue Exit
159.66 TRY
326.15 TRY
429.26 TRY
64
10Y EBITDA Exit
248.98 TRY
575.97 TRY
1,158 TRY
61
10Y P/E Exit
244.00 TRY
561.25 TRY
1,091 TRY
58
Earnings-Based
Graham-Dodd
110.01 TRY
767.19 TRY
1,077 TRY
61
Lynch FV
396.36 TRY
566.23 TRY
736.09 TRY
59
PEG = 1.0
396.36 TRY
566.23 TRY
736.09 TRY
55
EPV
175.69 TRY
202.80 TRY
226.53 TRY
71
Multiples
P/E Multiple
254.80 TRY
339.74 TRY
424.67 TRY
63
P/S Multiple
122.49 TRY
163.32 TRY
204.15 TRY
58
P/B Multiple
201.05 TRY
268.07 TRY
335.09 TRY
55
EV/EBIT
288.69 TRY
380.58 TRY
472.47 TRY
66
EV/EBITDA
276.87 TRY
364.82 TRY
452.77 TRY
67
EV/Revenue
115.91 TRY
160.01 TRY
204.10 TRY
54
Asset-Based
NCAV (Graham)
29.79 TRY
39.91 TRY
59.57 TRY
54
Growth DCF
Growth DCF
187.26 TRY
358.87 TRY
640.07 TRY
73
Rev-Margin DCF
160.71 TRY
274.01 TRY
511.40 TRY
67
Economic Profit
Residual Income
113.70 TRY
155.31 TRY
1,069 TRY
56
ROIC Compounder
226.81 TRY
343.34 TRY
499.55 TRY
68
Growth Earnings
Growth-Adj P/E
518.44 TRY
740.62 TRY
962.81 TRY
65
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Is GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) overvalued or undervalued?
As of Sep 22, 2026, our model estimates a fair value of 339.74 TRY versus a price of 279.25 TRY, about +22% upside (undervalued).
What is the fair value of GRSEL?
Our model-based fair value for GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 339.74 TRY (as of Sep 22, 2026), built from audited fundamentals. The current price: 279.25 TRY.
What is the quality score of GRSEL?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS has a Quality Score of 68/100. 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Our model-based price target is the fair value of 339.74 TRY (as of Sep 22, 2026) from 24 valuation models. Cautious scenario 168.31 TRY, optimistic scenario 424.67 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the GurSel Turizm Tasimacilik Ve Servis Ticaret AS stock forecast for 2026?
Our models put fair value at 339.74 TRY, about +22% upside versus a price of 279.25 TRY (undervalued). Cautious scenario 168.31 TRY, optimistic scenario 424.67 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS reported trailing-twelve-month revenue of about 11.6B TRY (latest available figure, as of Sep 22, 2026).
What growth is priced into GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
For today's price to be fair in a discounted-cash-flow model, GurSel Turizm Tasimacilik Ve Servis Ticaret AS would have to grow free cash flow by +23.8 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +81.9 % per year. As of Sep 22, 2026.
What discount rate (WACC) does the fair value of GRSEL use?
Our models discount GurSel Turizm Tasimacilik Ve Servis Ticaret AS at 14.2 %: a base by market capitalisation (small), damped by beta 0.07, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For GurSel Turizm Tasimacilik Ve Servis Ticaret AS that is +23.8 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) delivered so far?
Over the past 5 years revenue at GurSel Turizm Tasimacilik Ve Servis Ticaret AS grew +81.9 % a year. The price currently implies +23.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into GurSel Turizm Tasimacilik Ve Servis Ticaret AS (+23.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The free-cash-flow yield on the price is 3.94 %: that much free cash flow GurSel Turizm Tasimacilik Ve Servis Ticaret AS produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GurSel Turizm Tasimacilik Ve Servis Ticaret AS it is 339.74 TRY per share (as of Sep 22, 2026), against a price of 279.25 TRY. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is GurSel Turizm Tasimacilik Ve Servis Ticaret AS stock overvalued or undervalued in 2026?
As of Sep 22, 2026, GRSEL trades below its calculated fair value: price 279.25 TRY, fair value 339.74 TRY, a gap of about +22% (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 GRSEL?
No. The price is what the market pays today (279.25 TRY); the fair value is what the company's own numbers justify (339.74 TRY). For GurSel Turizm Tasimacilik Ve Servis Ticaret AS the two are 60.49 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is GurSel Turizm Tasimacilik Ve Servis Ticaret AS worth?
The market values GurSel Turizm Tasimacilik Ve Servis Ticaret AS at about 34.7B TRY (market capitalisation, as of Sep 22, 2026). Per share that is 279.25 TRY; our models calculate a fair value of 339.74 TRY per share.
What do the bullish and bearish scenarios say about GRSEL?
Our models span a range for GurSel Turizm Tasimacilik Ve Servis Ticaret AS: cautious scenario 168.31 TRY, base 339.74 TRY, optimistic 424.67 TRY per share (as of Sep 22, 2026, price 279.25 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GRSEL?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS trades at a price-to-earnings ratio of 14.4 (as of Sep 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 339.74 TRY is built from several models across several years. Other multiples: P/B 5.7, P/S 3.0, EV/EBITDA 8.6.
How solid is the balance sheet of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Balance-sheet figures for GurSel Turizm Tasimacilik Ve Servis Ticaret AS (as of Sep 22, 2026): return on equity 31.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is GRSEL from its 52-week high?
GurSel Turizm Tasimacilik Ve Servis Ticaret AS trades at 279.25 TRY, about 30% below its 52-week high of 400.17 TRY (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of 339.74 TRY is for.
Which stocks are comparable to GurSel Turizm Tasimacilik Ve Servis Ticaret AS?
From the same area (Industrials) we also value Union Pacific Corporation, CSX Corporation, Canadian Pacific Kansas City Limited, Norfolk Southern Corporation, 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS stock attractive at the current price?
The data as of Sep 22, 2026: price 279.25 TRY, calculated fair value 339.74 TRY (+22%), Quality Score 68/100, from 24 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 GRSEL calculated?
We run GurSel Turizm Tasimacilik Ve Servis Ticaret AS through 24 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 339.74 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 16.0 % above its aggregate fair value. GurSel Turizm Tasimacilik Ve Servis Ticaret AS currently trades 22 % 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The closing price on Sep 22, 2026 was 279.25 TRY. Our model-based fair value is 339.74 TRY, about +22% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GurSel Turizm Tasimacilik Ve Servis Ticaret AS right now?
Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (168.31 TRY to 424.67 TRY) leaves room in how you read the outcome.
Key figures of GurSel Turizm Tasimacilik Ve Servis Ticaret AS
How large is the market capitalisation of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The market capitalisation of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 34.7B TRY (≈ $710M). 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The price-to-sales ratio of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 2.86 (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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Earnings per share at GurSel Turizm Tasimacilik Ve Servis Ticaret AS are 19.37 TRY (price ÷ EPS = P/E 14.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The net margin of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 19.8% (fiscal year 2024). 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The return on equity (ROE) of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 31.2% (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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
On an EBIT basis the return on assets of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 15.5% (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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
The operating margin of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 32.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Revenue at GurSel Turizm Tasimacilik Ve Servis Ticaret AS is growing +0.5% versus a year earlier (3y avg +136%). 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 GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL)?
Earnings per share at GurSel Turizm Tasimacilik Ve Servis Ticaret AS are growing +10.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) carry?
The net debt of GurSel Turizm Tasimacilik Ve Servis Ticaret AS is 329M TRY (fiscal year 2023, ≈ 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.