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Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Kiler Gayrimenkul Yatirim Ortakligi A.S. stock TRY 0.82, price TRY 3.85, that is 78.7% below the price, quality 29 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.

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Real Estate TR · ISIN TREKGYO00014

KG Kiler Gayrimenkul Yatirim Ortakligi A.S. logo Thin data Nov 6, 2026

Kiler Gayrimenkul Yatirim Ortakligi A.S.

KLGYO · IS
Very expensive, weak quality

Our calculation puts a fair price 79% below what the stock costs today.

Low debt
Fair value 0.8200 TRY · Strongly overvalued
Quality 29/100
Weak Growth (revenue 3y −11.7 %/yr in TRY)
Loss-making · -20.8% net margin (TTM)
Negative free cash flow
Trails peers (4/11)
Narrow moat 32/100
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

7.93 TRY 0.8500 TRY Fair Value 0.8200 TRY Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range 0.8500 TRY – 7.93 TRY · fair‑value band 0.5700 TRY – 1.18 TRY · the 3.85 TRY price screens above the 0.8200 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Kiler Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate investment trust in Turkey. The company engages in the development of residential and commercial real estate projects. It also provides property management services.

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The company was formerly known as Biskon Yapi A.S. and changed its name to Kiler Gayrimenkul Yatirim Ortakligi A.S. in February 2008. Kiler Gayrimenkul Yatirim Ortakligi A.S. was founded in 1994 and is based in Istanbul, Turkey.

Stock analysis

Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO) currently trades at 3.85 TRY, while our model-based Fair Value estimate is 0.8200 TRY, 79% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 3.50 TRY per share, and 0 of the 4 models we run sit above the 3.85 TRY price.

Bear case: the Multiples group reads lowest at 0.8200 TRY, and 4 of the 4 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.5700 TRY (bear) to 1.18 TRY (bull), the price of 3.85 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 29/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Kiler Gayrimenkul Yatirim Ortakligi A.S. reported revenue of 709M TRY in FY2025 versus 524M TRY in FY2021, a compound +7.9%/yr. Reported net income was −660M TRY in FY2025.

Key figures

Market cap 5.4B TRY (≈ $107M) Micro · P/S ratio 2.31 · EPS (TTM) −0.4900 TRY · Net margin −93.1% · Return on equity −1.8% · Return on assets (EBIT) 4.1% (5-year average) · Operating margin 41.1% · Revenue growth (YoY) +288%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 51% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at −79%, KLGYO screens richer than that median.

Fair Value models

Bear 0.5700 TRY Fair Value 0.8200 TRY Bull 1.18 TRY
Price 3.85 TRY · Downside -78.7%
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.
Best data coverage
EV/EBITDA 0.5700 TRY 0.9600 TRY 1.34 TRY 65
EV/EBIT 0.4700 TRY 0.8200 TRY 1.18 TRY 64
NCAV (Graham) 2.31 TRY 3.50 TRY 4.38 TRY 54
All 4 models by family
Multiples
EV/EBIT 0.4700 TRY 0.8200 TRY 1.18 TRY 64
EV/EBITDA 0.5700 TRY 0.9600 TRY 1.34 TRY 65
EV/Revenue n/a 0.2400 TRY 0.5000 TRY 50
Asset-Based
NCAV (Graham) 2.31 TRY 3.50 TRY 4.38 TRY 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 29/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 5
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 50
Debt, balance sheet and risk of trouble
Investment 2
Does it invest with discipline instead of growing at any price?
Low Volatility 67
How calm the share price moves, does not count
Price momentum 16
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−93.8%
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.
−11.7%
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.
+21.4%
Start year 2020 (pandemic). Over 10 years: +36.3% a year
Revenue growth 17 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.
+47.8%
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.
13.1% (2020) → 12.7% (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
not computed

KLGYO screens overvalued: fair value 79% below the price. Compare with Goodman Group →

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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.REIT - Diversified · 140 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −78.7% · Bottom 25%
Profitability
Return on assets −1.9% · Bottom 25%
Net margin (12 months) −20.8% · Bottom 25%
Operating margin (12 months) 41.1% · Below median
Growth and dividend
Revenue growth (quarter YoY) 288.0% · Top 25%
Balance sheet
Debt / equity 0.03× · Lowest 25%

Valuation Multiplesvs REIT - Diversified median · lower = cheaper

P/B 0.23× · Cheapest 25%
P/S (12 months) 2.43× · Cheapest 25%
EV/EBITDA 22.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 23
FUTURE (revenue growth)100 · sector 17
PAST (return on equity)0 · sector 21
HEALTH (low debt)99 · sector 77
DIVIDEND (yield)0 · sector 100

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
VICI Properties Inc VICI $24.99 $62.90 +152% vs KLGYO
Mirvac Group MGR A$1.92 A$2.09 +9% vs KLGYO
W. P. Carey Inc WPC $65.37 $69.27 +6% vs KLGYO
Broadstone Net Lease, Inc BNL $17.85 $18.46 +3% vs KLGYO
Stockland SGP A$4.51 A$4.12 −9% vs KLGYO
T82U T82U 1.38 SGD 0.9700 SGD −30% vs KLGYO
The GPT Group GPT A$5.08 A$3.49 −31% vs KLGYO
Goodman Group GMG A$29.39 A$16.58 −44% vs KLGYO
KLCC Property Holdings 5235SS 8.25 MYR 4.22 MYR −49% vs KLGYO
Charter Hall Group CHC A$22.19 A$7.65 −66% vs KLGYO

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Kiler Gayrimenkul Yatirim Ortakligi A.S.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Kiler Gayrimenkul Yatirim Ortakligi A.S. Fair Value". https://www.fairvalue-calculator.com/stock/KLGYO

Frequently asked questions

Is Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 0.8200 TRY versus a price of 3.85 TRY, about 79% lower (overvalued).
What is the fair value of KLGYO?
Our model-based fair value for Kiler Gayrimenkul Yatirim Ortakligi A.S. is 0.8200 TRY (as of Nov 6, 2026), built from audited fundamentals. The current price: 3.85 TRY.
What is the quality score of KLGYO?
Kiler Gayrimenkul Yatirim Ortakligi A.S. has a Quality Score of 29/100. 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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
Our model-based price target is the fair value of 0.8200 TRY (as of Nov 6, 2026) from 4 valuation models. Cautious scenario 0.5700 TRY, optimistic scenario 1.18 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Kiler Gayrimenkul Yatirim Ortakligi A.S. stock forecast for 2026?
Our models put fair value at 0.8200 TRY, about 79% lower versus a price of 3.85 TRY (overvalued). Cautious scenario 0.5700 TRY, optimistic scenario 1.18 TRY. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kiler Gayrimenkul Yatirim Ortakligi A.S. it is 0.8200 TRY per share (as of Nov 6, 2026), against a price of 3.85 TRY. It is the blended result of 4 valuation models in 2 families (Multiples, Asset-Based).
Is Kiler Gayrimenkul Yatirim Ortakligi A.S. stock overvalued or undervalued in 2026?
As of Nov 6, 2026, KLGYO trades above its calculated fair value: price 3.85 TRY, fair value 0.8200 TRY, a gap of about −79% (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 KLGYO?
No. The price is what the market pays today (3.85 TRY); the fair value is what the company's own numbers justify (0.8200 TRY). For Kiler Gayrimenkul Yatirim Ortakligi A.S. the two are 3.03 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Kiler Gayrimenkul Yatirim Ortakligi A.S. worth?
The market values Kiler Gayrimenkul Yatirim Ortakligi A.S. at about 5.4B TRY (market capitalisation, as of Nov 6, 2026). Per share that is 3.85 TRY; our models calculate a fair value of 0.8200 TRY per share.
What do the bullish and bearish scenarios say about KLGYO?
Our models span a range for Kiler Gayrimenkul Yatirim Ortakligi A.S.: cautious scenario 0.5700 TRY, base 0.8200 TRY, optimistic 1.18 TRY per share (as of Nov 6, 2026, price 3.85 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
Balance-sheet figures for Kiler Gayrimenkul Yatirim Ortakligi A.S. (as of Nov 6, 2026): return on equity −1.8%, debt of 0.03 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is KLGYO from its 52-week high?
Kiler Gayrimenkul Yatirim Ortakligi A.S. trades at 3.85 TRY, about 51% below its 52-week high of 7.93 TRY and 13% above the low of 3.42 TRY (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 0.8200 TRY is for.
Which stocks are comparable to Kiler Gayrimenkul Yatirim Ortakligi A.S.?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, 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 Kiler Gayrimenkul Yatirim Ortakligi A.S. stock attractive at the current price?
The data as of Nov 6, 2026: price 3.85 TRY, calculated fair value 0.8200 TRY (−79%), Quality Score 29/100, from 4 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 KLGYO calculated?
We run Kiler Gayrimenkul Yatirim Ortakligi A.S. through 4 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 0.8200 TRY builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Kiler Gayrimenkul Yatirim Ortakligi A.S. 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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
The closing price on Nov 10, 2026 was 3.85 TRY. Our model-based fair value is 0.8200 TRY, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kiler Gayrimenkul Yatirim Ortakligi A.S. right now?
The price sits above even our optimistic bull case (1.18 TRY). The favourable scenario is already priced in. Weak quality (29/100) 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 (0.5700 TRY to 1.18 TRY) leaves room in how you read the outcome.

Key figures of Kiler Gayrimenkul Yatirim Ortakligi A.S.

How large is the market capitalisation of Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
The market capitalisation of Kiler Gayrimenkul Yatirim Ortakligi A.S. is 5.4B TRY (≈ $107M). 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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
The price-to-sales ratio of Kiler Gayrimenkul Yatirim Ortakligi A.S. is 2.31 (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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
Earnings per share at Kiler Gayrimenkul Yatirim Ortakligi A.S. are −0.4900 TRY. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
The net margin of Kiler Gayrimenkul Yatirim Ortakligi A.S. is −93.1% (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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
The return on equity (ROE) of Kiler Gayrimenkul Yatirim Ortakligi A.S. is −1.8% (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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
On an EBIT basis the return on assets of Kiler Gayrimenkul Yatirim Ortakligi A.S. is 4.1% (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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
The operating margin of Kiler Gayrimenkul Yatirim Ortakligi A.S. is 41.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
Revenue at Kiler Gayrimenkul Yatirim Ortakligi A.S. is growing +288% versus a year earlier (3y avg −11.7%). 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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO)?
Earnings per share at Kiler Gayrimenkul Yatirim Ortakligi A.S. are growing −92.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO) generate?
The free cash flow of Kiler Gayrimenkul Yatirim Ortakligi A.S. is −700M 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 Kiler Gayrimenkul Yatirim Ortakligi A.S. (KLGYO) carry?
The net debt of Kiler Gayrimenkul Yatirim Ortakligi A.S. is 827M TRY (fiscal year 2025). 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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