Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. stock TRY 2.22, price TRY 7.55, upside -70.6%, quality 44 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
36‑month range 7.38 TRY – 26.54 TRY · fair‑value band 1.98 TRY – 2.40 TRY · the 7.55 TRY price screens above the 2.22 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 26, 2026.
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Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. produces and sells marble tiles, mosaics, water jets, tiles, and boarders in Turkey and internationally.
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It also involved in extraction of natural stone from marble quarries, cutting, shaping, and surface treatment; foreign trade business; manufacturing and sales of products made of ceramics; managing natural gas trade; logistics; and warehousing. The company also offers travertine, onyx stones.
Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. was founded in 1982 and is based in Afyonkarahisar, Turkey.
Stock analysis
Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL) currently trades at 7.55 TRY, while our model-based Fair Value estimate is 2.22 TRY, 70.6% 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 8.21 TRY per share, and 2 of the 14 models we run sit above the 7.55 TRY price.
Bear case: the Economic Profit group reads lowest at 1.11 TRY, and 12 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1.98 TRY (bear) to 2.40 TRY (bull), the price of 7.55 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 44/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. reported revenue of 3.2B TRY in FY2025 versus 537M TRY in FY2021, a compound +56.7%/yr. Reported net income was 1.2M TRY in FY2025, compounding −41.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.1B TRY (≈ $41.4M) Micro · P/E ratio 755.0 · P/S ratio 0.28 · EPS (TTM) 0.0100 TRY · Net margin −1.3% · Return on equity −1.5% · Return on assets (EBIT) 6.6% · Operating margin 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at −71%, MARBL screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0600 TRY to 27.65 TRY). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear1.98 TRYFair Value 2.22 TRYBull2.40 TRY
Price 7.55 TRY · Upside -70.6%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.0082 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. 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+35.3%
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.
+40.6%
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.
+59.7%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TRY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TRY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−34.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.3% → 7%
Compare Tureks Turunc Madencilik Ic ve Dis 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.Building Materials · 255 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−70.6% · Bottom 25%
Profitability
Return on assets0.1% · Bottom 25%
Net margin (12 months)−5.7% · Bottom 25%
Operating margin (12 months)5.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)24.2% · Top 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/E (12 months)755.0× · Priciest 25%
P/B0.87× · Cheaper than median
P/S (12 months)2.56× · Priciest 25%
EV/EBITDA30.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 36
FUTURE (revenue growth)100· sector 10
PAST (return on equity)0· sector 17
HEALTH (low debt)96· sector 92
DIVIDEND (yield)0· sector 47
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). "Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. Fair Value". https://www.fairvalue-calculator.com/stock/MARBL
Frequently asked questions
Is Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of 2.22 TRY versus a price of 7.55 TRY, about −71% upside (overvalued).
What is the fair value of MARBL?
Our model-based fair value for Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is 2.22 TRY (as of Oct 26, 2026), built from audited fundamentals. The current price: 7.55 TRY.
What is the quality score of MARBL?
Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. has a Quality Score of 44/100. 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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
Our model-based price target is the fair value of 2.22 TRY (as of Oct 26, 2026) from 14 valuation models. Cautious scenario 1.98 TRY, optimistic scenario 2.40 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. stock forecast for 2026?
Our models put fair value at 2.22 TRY, about −71% upside versus a price of 7.55 TRY (overvalued). Cautious scenario 1.98 TRY, optimistic scenario 2.40 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. reported trailing-twelve-month revenue of about 3.5B TRY (latest available figure, as of Oct 26, 2026).
What is the intrinsic value of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. it is 2.22 TRY per share (as of Oct 26, 2026), against a price of 7.55 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. stock overvalued or undervalued in 2026?
As of Oct 26, 2026, MARBL trades above its calculated fair value: price 7.55 TRY, fair value 2.22 TRY, a gap of about −71% (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 MARBL?
No. The price is what the market pays today (7.55 TRY); the fair value is what the company's own numbers justify (2.22 TRY). For Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. the two are 5.33 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. worth?
The market values Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. at about 2.1B TRY (market capitalisation, as of Oct 26, 2026). Per share that is 7.55 TRY; our models calculate a fair value of 2.22 TRY per share.
What do the bullish and bearish scenarios say about MARBL?
Our models span a range for Tureks Turunc Madencilik Ic ve Dis Ticaret A.S.: cautious scenario 1.98 TRY, base 2.22 TRY, optimistic 2.40 TRY per share (as of Oct 26, 2026, price 7.55 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
Balance-sheet figures for Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (as of Oct 26, 2026): return on equity −1.5%, debt of 0.08 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is MARBL from its 52-week high?
Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. trades at 7.55 TRY, about 51% below its 52-week high of 15.29 TRY and 2% above the low of 7.38 TRY (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of 2.22 TRY is for.
Which stocks are comparable to Tureks Turunc Madencilik Ic ve Dis Ticaret A.S.?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. stock attractive at the current price?
The data as of Oct 26, 2026: price 7.55 TRY, calculated fair value 2.22 TRY (−71%), Quality Score 44/100, from 14 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 MARBL calculated?
We run Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. through 14 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 2.22 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. Tureks Turunc Madencilik Ic ve Dis Ticaret 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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
The closing price on Oct 26, 2026 was 7.55 TRY. Our model-based fair value is 2.22 TRY, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. right now?
The price sits above even our optimistic bull case (2.40 TRY). The favourable scenario is already priced in. Weak quality (44/100) 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.
Key figures of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S.
How large is the market capitalisation of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
The market capitalisation of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is 2.1B TRY (≈ $41.4M). 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/E ratio of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
The price-to-earnings ratio of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is 755.0. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
The price-to-sales ratio of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is 0.28 (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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
Earnings per share at Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. are 0.0100 TRY (price ÷ EPS = P/E 755.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
The net margin of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is −1.3% (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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
The return on equity (ROE) of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is −1.5% (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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
On an EBIT basis the return on assets of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is 6.6% (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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
The operating margin of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is 5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
Revenue at Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is growing +24.2% versus a year earlier (3y avg +40.6%). 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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL)?
Earnings per share at Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. are growing −29.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL) generate?
The free cash flow of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is −46.6M 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 Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. (MARBL) carry?
The net debt of Tureks Turunc Madencilik Ic ve Dis Ticaret A.S. is 551M 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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Oct 26, 2026