Is Gayrimenkul Yatirim Ortakligi A.S. (ISGYO) Fair Value & Analysis
Real Estate · TR · Market cap 27.2B TRY
Fair value as of: Aug 13, 2026
From 6 valuation models · updated today
Share price +6.1% over the past month.
Below-average quality, and screening another 26% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (26.42 TRY). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 1.80 TRY – 28.36 TRY · fair‑value band 15.53 TRY – 26.42 TRY · the 28.36 TRY price screens above the 20.98 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Is Gayrimenkul Yatirim Ortakligi A.S. (ISGYO) currently trades at 28.36 TRY, while our model-based Fair Value estimate is 20.98 TRY, implying the stock looks roughly 26.0% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Is Gayrimenkul Yatirim Ortakligi A.S. generated revenue of 2.7B TRY at a net margin of -87.4%. Revenue declined 15.7% year over year. It earns a return on equity of -4.5%. Net debt stands at 774M TRY. Fundamentals as of Aug 13, 2026
Our scenario range runs from 15.53 TRY (bear case) to 26.42 TRY (bull case); at 28.36 TRY, the current price sits above 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 3% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -26%, ISGYO screens richer 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.
All 6 models by family
Widest divergence: Asset-Based (35.12 TRY) versus Dividend Discount (1.15 TRY). Highest evidence: Gordon GGM (70).
Notify me when ISGYO reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 83
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
Is Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust through the consolidation of Is Gayrimenkul Yatirim ve Proje Degerlendirme A.S. and Merkez Gayrimenkul Yatirim ve Proje Degerlendirme A.S. The company is a subsidiary of Turkiye Is Bankasi A.S.
Full company description
Is Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust through the consolidation of Is Gayrimenkul Yatirim ve Proje Degerlendirme A.S. and Merkez Gayrimenkul Yatirim ve Proje Degerlendirme A.S. The company is a subsidiary of Turkiye Is Bankasi A.S. and operates under the regulations of the Capital Markets Board of Turkey applicable to real estate investment corporations. Its principal activities include investing in income-generating real estate assets, real estate development projects, and property-related capital market instruments in line with regulatory portfolio limits. The company's shares have been listed on Borsa Istanbul since 1999, and its registered headquarters are in Istanbul. Turkey.Gayrimenkul Yatirim Ortakligi A.S. was incorporated in August 6th, 1999 in Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Is Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 3.1B TRY in FY2025 versus 489M TRY in FY2021, a compound +59.1%/yr. Reported net income was −958M TRY in FY2025.
ISGYO screens 26% overvalued. Compare with Goodman Group →
Peer Group
REIT - Diversified · 174 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.
Valuation Multiples vs REIT - Diversified median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Goodman Group GMG | A$29.11 | A$7.37 | -75% |
| VICI Properties Inc VICI | $26.73 | $41.74 | +56% |
| W. P. Carey Inc WPC | $70.00 | $34.80 | -50% |
| Charter Hall Group CHC | A$21.90 | A$11.46 | -48% |
| Fibra Uno FUNO11 | 31.10 MXN | 63.56 MXN | +104% |
| COV COV | €52.55 | €62.39 | +19% |
| The GPT Group GPT | A$4.89 | A$3.49 | -29% |
| Mirvac Group MGR | A$1.70 | A$0.5700 | -66% |
| KLCC Property Holdings 5235SS | 8.85 MYR | 6.91 MYR | -22% |
| CRRUN CRRUN | C$17.65 | C$17.89 | +1% |
Compare Is Gayrimenkul Yatirim Ortakligi A.S. with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is Is Gayrimenkul Yatirim Ortakligi A.S. (ISGYO) overvalued or undervalued?
What is the fair value of ISGYO?
What is the quality score of ISGYO?
What is the revenue of Is Gayrimenkul Yatirim Ortakligi A.S. (ISGYO)?
What is the net profit margin of ISGYO?
Does Is Gayrimenkul Yatirim Ortakligi A.S. pay a dividend?
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.
Track Is Gayrimenkul Yatirim Ortakligi A.S. and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.