Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Hurriyet Gazetecilik ve Matbaacilik AS stock TRY 0.50, price TRY 3.90, upside -87.2%, quality 32 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 26, 2026.
How to read this chart
60‑month range 1.41 TRY – 9.56 TRY · fair‑value band 0.3300 TRY – 0.6200 TRY · the 3.90 TRY price screens above the 0.5000 TRY fair value. Dashed = 300-day average. As of Oct 26, 2026.
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Hürriyet Gazetecilik ve Matbaacilik A.S. engages in journalism, printing, advertisement, advertising, and internet publishing activities primarily in Turkey and Europe. It publishes newspapers and other periodical or non-periodical publications in printed and electronic form.
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It is also involved in the production, sale, distribution, and promotion of programs and audiovisual materials, films and advertisements, and other works. The company was founded in 1948 and is headquartered in Istanbul, Turkey.
Hürriyet Gazetecilik ve Matbaacilik A.S. is a subsidiary of Demirören Medya Yatirimlari Ticaret A.S.
Stock analysis
Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ) currently trades at 3.90 TRY, while our model-based Fair Value estimate is 0.5000 TRY, 87.2% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the data coverage at low.
Scenario range: 0.3300 TRY (bear) to 0.6200 TRY (bull), the price of 3.90 TRY sits above 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 32/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Spin-off in 2019: revenue and profit before it include the divested business. Growth is measured afresh from 2019.
Hurriyet Gazetecilik ve Matbaacilik AS reported revenue of 1.2B TRL in FY2025 versus 351M TRL in FY2021, a compound +36.5%/yr. Reported net income was −829M TRL in FY2025.
Key figures
Market cap 2.3B TRY (≈ $46.4M) Micro · P/S ratio 2.80 · EPS (TTM) −2.30 TRY · Net margin −123% · Return on equity −61.8% · Return on assets (EBIT) −15.8% · Operating margin −73.7% · Revenue (TTM) 1.1B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −2% fair-value upside, at −87%, HURGZ screens richer than that median.
Fair Value models
Bear0.3300 TRYFair Value 0.5000 TRYBull0.6200 TRY
Price 3.90 TRY · Upside -87.2%
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.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.
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.55/100
Spin-off in 2019: revenue and profit before it include the divested business. Growth is measured afresh from 2019.
Revenue growth 1 year
−12.6%
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.
+35.9%
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.
+31.0%
Start year 2020 (pandemic)
Revenue growth 6 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.
+22.7%
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Profit margin (trend) ⓘ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.
−36.6% (2020) → −84.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Hurriyet Gazetecilik ve Matbaacilik AS with another stock
Price, fair value, quality and upside side by side.
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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.Publishing · 97 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−87.2% · Bottom 25%
Profitability
Return on assets−15.5% · Bottom 25%
Net margin (12 months)−123.2% · Bottom 25%
Operating margin (12 months)−73.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−10.6% · Bottom 25%
Valuation Multiplesvs Publishing median · lower = cheaper
P/B0.91× · Cheaper than median
P/S (12 months)2.06× · Pricier than median
PEG0.01× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 53
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 27
HEALTH (low debt)100· sector 99
DIVIDEND (yield)0· sector 60
VALUE 0: the price sits above our fair-value range.
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). "Hurriyet Gazetecilik ve Matbaacilik AS Fair Value". https://www.fairvalue-calculator.com/stock/HURGZ
Frequently asked questions
Is Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of 0.5000 TRY versus a price of 3.90 TRY, about −87% upside (overvalued).
What is the fair value of HURGZ?
Our model-based fair value for Hurriyet Gazetecilik ve Matbaacilik AS is 0.5000 TRY (as of Oct 26, 2026), built from audited fundamentals. The current price: 3.90 TRY.
What is the quality score of HURGZ?
Hurriyet Gazetecilik ve Matbaacilik AS has a Quality Score of 32/100. 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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
Our model-based price target is the fair value of 0.5000 TRY (as of Oct 26, 2026) from 1 valuation models. Cautious scenario 0.3300 TRY, optimistic scenario 0.6200 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Hurriyet Gazetecilik ve Matbaacilik AS stock forecast for 2026?
Our models put fair value at 0.5000 TRY, about −87% upside versus a price of 3.90 TRY (overvalued). Cautious scenario 0.3300 TRY, optimistic scenario 0.6200 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
Hurriyet Gazetecilik ve Matbaacilik AS reported trailing-twelve-month revenue of about 1.1B TRY (latest available figure, as of Oct 26, 2026).
What is the intrinsic value of Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hurriyet Gazetecilik ve Matbaacilik AS it is 0.5000 TRY per share (as of Oct 26, 2026), against a price of 3.90 TRY. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Hurriyet Gazetecilik ve Matbaacilik AS stock overvalued or undervalued in 2026?
As of Oct 26, 2026, HURGZ trades above its calculated fair value: price 3.90 TRY, fair value 0.5000 TRY, a gap of about −87% (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 HURGZ?
No. The price is what the market pays today (3.90 TRY); the fair value is what the company's own numbers justify (0.5000 TRY). For Hurriyet Gazetecilik ve Matbaacilik AS the two are 3.40 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Hurriyet Gazetecilik ve Matbaacilik AS worth?
The market values Hurriyet Gazetecilik ve Matbaacilik AS at about 2.3B TRY (market capitalisation, as of Oct 26, 2026). Per share that is 3.90 TRY; our models calculate a fair value of 0.5000 TRY per share.
What do the bullish and bearish scenarios say about HURGZ?
Our models span a range for Hurriyet Gazetecilik ve Matbaacilik AS: cautious scenario 0.3300 TRY, base 0.5000 TRY, optimistic 0.6200 TRY per share (as of Oct 26, 2026, price 3.90 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HURGZ?
The PEG ratio of Hurriyet Gazetecilik ve Matbaacilik AS is 0.01 (P/E divided by earnings growth, as of Oct 26, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
Balance-sheet figures for Hurriyet Gazetecilik ve Matbaacilik AS (as of Oct 26, 2026): return on equity −61.8%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is HURGZ from its 52-week high?
Hurriyet Gazetecilik ve Matbaacilik AS trades at 3.90 TRY, about 59% below its 52-week high of 9.56 TRY and at the low of 3.89 TRY (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5000 TRY is for.
Which stocks are comparable to Hurriyet Gazetecilik ve Matbaacilik AS?
From the same area (Communication Services) we also value The New York Times Company, Xinhua Winshare Publishing and Media Co, Jiangsu Phoenix Publishing & Media Corporation, China Science Publishing & Media Ltd, 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 Hurriyet Gazetecilik ve Matbaacilik AS stock attractive at the current price?
The data as of Oct 26, 2026: price 3.90 TRY, calculated fair value 0.5000 TRY (−87%), Quality Score 32/100, from 1 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 HURGZ calculated?
We run Hurriyet Gazetecilik ve Matbaacilik AS through 1 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 0.5000 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 12.7 % above its aggregate fair value. Hurriyet Gazetecilik ve Matbaacilik 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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
The closing price on Oct 26, 2026 was 3.90 TRY. Our model-based fair value is 0.5000 TRY, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hurriyet Gazetecilik ve Matbaacilik AS right now?
The price sits above even our optimistic bull case (0.6200 TRY). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.3300 TRY to 0.6200 TRY) leaves room in how you read the outcome.
Key figures of Hurriyet Gazetecilik ve Matbaacilik AS
How large is the market capitalisation of Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
The market capitalisation of Hurriyet Gazetecilik ve Matbaacilik AS is 2.3B TRY (≈ $46.4M). 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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
The price-to-sales ratio of Hurriyet Gazetecilik ve Matbaacilik AS is 2.80 (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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
Earnings per share at Hurriyet Gazetecilik ve Matbaacilik AS are −2.30 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
The net margin of Hurriyet Gazetecilik ve Matbaacilik AS is −123% (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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
The return on equity (ROE) of Hurriyet Gazetecilik ve Matbaacilik AS is −61.8% (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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
On an EBIT basis the return on assets of Hurriyet Gazetecilik ve Matbaacilik AS is −15.8% (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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
The operating margin of Hurriyet Gazetecilik ve Matbaacilik AS is −73.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
Revenue at Hurriyet Gazetecilik ve Matbaacilik AS is growing −10.6% versus a year earlier (3y avg +35.9%). 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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ)?
Earnings per share at Hurriyet Gazetecilik ve Matbaacilik AS are growing +123% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ) generate?
The free cash flow of Hurriyet Gazetecilik ve Matbaacilik AS is −939M 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 Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ) carry?
The net debt of Hurriyet Gazetecilik ve Matbaacilik AS is 196M TRY (fiscal year 2017). 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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