Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Karel Elektronik Sanayi Ve Ticaret A.S. TRY 26.66, price TRY 6.32, upside +321.8%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 24, 2026.
How to read this chart
60‑month range 2.20 TRY – 17.66 TRY · fair‑value band 18.48 TRY – 34.83 TRY · the 6.32 TRY price screens below the 26.66 TRY fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Karel Elektronik Sanayi Ve Ticaret A.S. designs, develops, produces, and sells communication systems in Türkiye.
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Karel Elektronik Sanayi Ve Ticaret A.S. designs, develops, produces, and sells communication systems in Türkiye. It offers communication products, such as PBX phone systems for small, medium, and large-scale businesses; IP based call center systems for public and private institutions; and IP, analog, wall, hotel, and feature phones, as well as direct station select modules, and operator phone headsets. The company also provides convergence and integration products, including conference products, GSM terminals, wireless (DECT) systems, auto-attendant and voicemail modules, call traffic control systems, VoIP and network products, call recording systems, nurse call systems, and other products, as well as vehicle tracking systems. In addition, it offers visual communication and security systems comprising security cameras, intruder alarm, and intercoms; cloud solutions with Internet applications that facilitate the business processes and provide economy and productivity for corporate users; and electronics manufacturing services, as well as undertakes telecommunication projects for fixed and mobile operators, and state institutions and organizations. Further, the company offers defense industry solutions, such as military tactical switches; alarm and announcement system for small boats and navy ships, phone and intercom PABX system, military gateway, and communications switching systems; electronic mirror; military computers; and inertial navigation systems. It provides its communication solutions for shopping malls, public institutions, medical institutions, educational institutions, production facilities, retail business, finance institutions, and transportation institutions. The company also exports its products and technologies to approximately 30 countries. Karel Elektronik Sanayi Ve Ticaret A.S. was incorporated in 1986 and is headquartered in Istanbul, Turkey.
Stock analysis
Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL) currently trades at 6.32 TRY, while our model-based Fair Value estimate is 26.66 TRY, implying the stock looks roughly 76.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 60.10 TRY per share, and 9 of the 13 models we run sit above the 6.32 TRY price.
Bear case: the Earnings-Based group reads lowest at 2.79 TRY, and 4 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 18.48 TRY (bear) to 34.83 TRY (bull), the price of 6.32 TRY sits below 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 Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Karel Elektronik Sanayi Ve Ticaret A.S. reported revenue of 18.0B TRY in FY2025 versus 1.6B TRY in FY2021, a compound +82.1%/yr. Reported net income was −1.5B TRY in FY2025.
Key figures
Market cap 7.7B TRY (≈ $158M) · P/S ratio 0.39 · EPS (TTM) −1.60 TRY · Net margin −8.4% · Return on equity −27.8% · Return on assets (EBIT) 5.8% · Operating margin −0.2% · Revenue (TTM) 19.9B TRY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at 322%, KAREL screens cheaper than that median.
Fair Value models
Bear 18.48 TRYFair Value 26.66 TRYBull 34.83 TRY
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.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.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.
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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.5%
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.
+73.6%
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.
+77.6%
Start year 2020 (pandemic). Over 10 years: +53.0% a year
Revenue growth 20 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.
+34.3%
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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.
17.7% (2020) → 1.2% (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 Karel Elektronik Sanayi Ve Ticaret A.S. 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.Communication Equipment · 299 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets1.3% · Below median
Net margin (TTM)−3.3% · Below median
Operating margin (TTM)−0.2% · Below median
Growth and dividend
Revenue growth25.6% · Above median
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B0.12× · 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.
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). "Karel Elektronik Sanayi Ve Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KAREL
Frequently asked questions
Is Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 26.66 TRY versus a price of 6.32 TRY, about +322% upside (undervalued).
What is the fair value of KAREL?
Our model-based fair value for Karel Elektronik Sanayi Ve Ticaret A.S. is 26.66 TRY (as of Sep 24, 2026), built from audited fundamentals. The current price: 6.32 TRY.
What is the quality score of KAREL?
Karel Elektronik Sanayi Ve Ticaret A.S. 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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
Our model-based price target is the fair value of 26.66 TRY (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 18.48 TRY, optimistic scenario 34.83 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Karel Elektronik Sanayi Ve Ticaret A.S. stock forecast for 2026?
Our models put fair value at 26.66 TRY, about +322% upside versus a price of 6.32 TRY (undervalued). Cautious scenario 18.48 TRY, optimistic scenario 34.83 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
Karel Elektronik Sanayi Ve Ticaret A.S. reported trailing-twelve-month revenue of about 19.9B TRY (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Karel Elektronik Sanayi Ve Ticaret A.S. it is 26.66 TRY per share (as of Sep 24, 2026), against a price of 6.32 TRY. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Karel Elektronik Sanayi Ve Ticaret A.S. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KAREL trades below its calculated fair value: price 6.32 TRY, fair value 26.66 TRY, a gap of about +322% (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 KAREL?
No. The price is what the market pays today (6.32 TRY); the fair value is what the company's own numbers justify (26.66 TRY). For Karel Elektronik Sanayi Ve Ticaret A.S. the two are 20.34 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Karel Elektronik Sanayi Ve Ticaret A.S. worth?
The market values Karel Elektronik Sanayi Ve Ticaret A.S. at about 7.7B TRY (market capitalisation, as of Sep 24, 2026). Per share that is 6.32 TRY; our models calculate a fair value of 26.66 TRY per share.
What do the bullish and bearish scenarios say about KAREL?
Our models span a range for Karel Elektronik Sanayi Ve Ticaret A.S.: cautious scenario 18.48 TRY, base 26.66 TRY, optimistic 34.83 TRY per share (as of Sep 24, 2026, price 6.32 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
Balance-sheet figures for Karel Elektronik Sanayi Ve Ticaret A.S. (as of Sep 24, 2026): return on equity −27.8%, debt of 0.17 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is KAREL from its 52-week high?
Karel Elektronik Sanayi Ve Ticaret A.S. trades at 6.32 TRY, about 54% below its 52-week high of 13.88 TRY and 12% above the low of 5.64 TRY (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 26.66 TRY is for.
Which stocks are comparable to Karel Elektronik Sanayi Ve Ticaret A.S.?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Eoptolink Technology Inc, 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 Karel Elektronik Sanayi Ve Ticaret A.S. stock attractive at the current price?
The data as of Sep 24, 2026: price 6.32 TRY, calculated fair value 26.66 TRY (+322%), Quality Score 32/100, from 13 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 KAREL calculated?
We run Karel Elektronik Sanayi Ve Ticaret A.S. through 13 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 26.66 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 14.5 % above its aggregate fair value. Karel Elektronik Sanayi Ve Ticaret A.S. currently trades 76 % 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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
The closing price on Oct 2, 2026 was 6.32 TRY. Our model-based fair value is 26.66 TRY, about +322% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Karel Elektronik Sanayi Ve Ticaret A.S. right now?
The large discount to fair value meets weak quality (32/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (18.48 TRY). The market is more pessimistic than our downside scenario. 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 (18.48 TRY to 34.83 TRY) leaves room in how you read the outcome.
Key figures of Karel Elektronik Sanayi Ve Ticaret A.S.
How large is the market capitalisation of Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
The market capitalisation of Karel Elektronik Sanayi Ve Ticaret A.S. is 7.7B TRY (≈ $158M). 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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
The price-to-sales ratio of Karel Elektronik Sanayi Ve Ticaret A.S. is 0.39 (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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
Earnings per share at Karel Elektronik Sanayi Ve Ticaret A.S. are −1.60 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
The net margin of Karel Elektronik Sanayi Ve Ticaret A.S. is −8.4% (fiscal year 2025). 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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
The return on equity (ROE) of Karel Elektronik Sanayi Ve Ticaret A.S. is −27.8% (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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
On an EBIT basis the return on assets of Karel Elektronik Sanayi Ve Ticaret A.S. is 5.8% (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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
The operating margin of Karel Elektronik Sanayi Ve Ticaret A.S. is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
Revenue at Karel Elektronik Sanayi Ve Ticaret A.S. is growing +25.6% versus a year earlier (3y avg +73.6%). 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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL)?
Earnings per share at Karel Elektronik Sanayi Ve Ticaret A.S. are growing +963% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL) generate?
The free cash flow of Karel Elektronik Sanayi Ve Ticaret A.S. is 3.0B 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 Karel Elektronik Sanayi Ve Ticaret A.S. (KAREL) carry?
The net debt of Karel Elektronik Sanayi Ve Ticaret A.S. is 4.9B TRY (fiscal year 2025, ≈ 1.6 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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