MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi TRY 0.31, price TRY 1.91, upside -83.8%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
35‑month range 1.72 TRY – 189.77 TRY · fair‑value band 0.2100 TRY – 0.4500 TRY · the 1.91 TRY price screens above the 0.3100 TRY fair value. Dashed = 300-day average. As of Oct 4, 2026.
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MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi engages in real estate rental activities. The company was founded in 2021 and is based in Istanbul, Turkey.
Stock analysis
MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY) currently trades at 1.91 TRY, while our model-based Fair Value estimate is 0.3100 TRY, 83.8% 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 0.8600 TRY per share, and 2 of the 13 models we run sit above the 1.91 TRY price.
Bear case: the Multiples group reads lowest at 0.4600 TRY, and 11 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2100 TRY (bear) to 0.4500 TRY (bull), the price of 1.91 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 77/100 (high quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi reported revenue of 59.0M TRY in FY2022 versus 30.5M TRY in FY2020, a compound +39.0%/yr. Reported net income was 1.2B TRY in FY2022.
Key figures
Market cap 3.3B TRY (≈ $66.3M) · P/E ratio 3.6 · P/S ratio 75.6 · EPS (TTM) 0.5300 TRY · Net margin 89.3% · Return on equity 4.6% · Return on assets (EBIT) 2.6% · Operating margin 30.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 61% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 3% fair-value upside, at −84%, MHRGY screens richer than that median.
Fair Value models
Bear 0.2100 TRYFair Value 0.3100 TRYBull 0.4500 TRY
Price 1.91 TRY · Upside -83.8%
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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Turkey: IMF forecast 19.3% a year to 2030, 28.5% from 2016 to 2025) that is about +14.1% a year for the price.
Compare MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi 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.REIT - Office · 71 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside−83.8% · Bottom 25%
Profitability
Return on equity (TTM)4.6% · Above median
Return on assets1.1% · Bottom 25%
Net margin (TTM)89.3% · Top 25%
Operating margin (TTM)30.8% · Below median
Growth and dividend
Revenue growth21.3% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs REIT - Office median · lower = cheaper
P/E (TTM)3.6× · Cheapest 25%
P/B1.49× · Priciest 25%
P/S (TTM)7.67× · Priciest 25%
P/FCF80.0× · Priciest 25%
EV/EBITDA17.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)100· sector 2
PAST (return on equity)19· sector 11
HEALTH (low debt)100· sector 66
DIVIDEND (yield)0· sector 100
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.
Is MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 0.3100 TRY versus a price of 1.91 TRY, about −84% upside (overvalued).
What is the fair value of MHRGY?
Our model-based fair value for MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 0.3100 TRY (as of Oct 4, 2026), built from audited fundamentals. The current price: 1.91 TRY.
What is the quality score of MHRGY?
MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi has a Quality Score of 77/100. 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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
Our model-based price target is the fair value of 0.3100 TRY (as of Oct 4, 2026) from 13 valuation models. Cautious scenario 0.2100 TRY, optimistic scenario 0.4500 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock forecast for 2026?
Our models put fair value at 0.3100 TRY, about −84% upside versus a price of 1.91 TRY (overvalued). Cautious scenario 0.2100 TRY, optimistic scenario 0.4500 TRY. The calculation is refreshed regularly with new filings.
What growth is priced into MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
For today's price to be fair in a discounted-cash-flow model, MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi would have to grow free cash flow by +36.2 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +39.0 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of MHRGY use?
Our models discount MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi at 15.7 %: a base by market capitalisation (micro), damped by beta 0.48, country premium for Turkey. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi that is +36.2 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY) delivered so far?
Over the past 2 years revenue at MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi grew +39.0 % a year. The price currently implies +36.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY) growing?
The median revenue growth in the sector is +2.2 % a year. That is the yardstick for the growth priced into MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (+36.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
The free-cash-flow yield on the price is 2.58 %: that much free cash flow MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi it is 0.3100 TRY per share (as of Oct 4, 2026), against a price of 1.91 TRY. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock overvalued or undervalued in 2026?
As of Oct 4, 2026, MHRGY trades above its calculated fair value: price 1.91 TRY, fair value 0.3100 TRY, a gap of about −84% (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 MHRGY?
No. The price is what the market pays today (1.91 TRY); the fair value is what the company's own numbers justify (0.3100 TRY). For MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi the two are 1.60 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi worth?
The market values MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi at about 3.3B TRY (market capitalisation, as of Oct 4, 2026). Per share that is 1.91 TRY; our models calculate a fair value of 0.3100 TRY per share.
What do the bullish and bearish scenarios say about MHRGY?
Our models span a range for MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi: cautious scenario 0.2100 TRY, base 0.3100 TRY, optimistic 0.4500 TRY per share (as of Oct 4, 2026, price 1.91 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MHRGY?
MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi trades at a price-to-earnings ratio of 3.6 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.3100 TRY is built from several models across several years. Other multiples: P/B 1.5, P/S 7.7, EV/EBITDA 17.4.
How solid is the balance sheet of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
Balance-sheet figures for MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (as of Oct 4, 2026): return on equity 4.6%. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is MHRGY from its 52-week high?
MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi trades at 1.91 TRY, about 61% below its 52-week high of 4.94 TRY and 11% above the low of 1.72 TRY (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3100 TRY is for.
Which stocks are comparable to MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi?
From the same area (Real Estate) we also value BXP, Inc, Vornado Realty Trust, Alexandria Real Estate Equities, Inc, MERLIN Properties SOCIMI, S.A, 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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock attractive at the current price?
The data as of Oct 4, 2026: price 1.91 TRY, calculated fair value 0.3100 TRY (−84%), Quality Score 77/100, 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 MHRGY calculated?
We run MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi 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 0.3100 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 15.0 % above its aggregate fair value. MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi 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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
The closing price on Oct 2, 2026 was 1.91 TRY. Our model-based fair value is 0.3100 TRY, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi right now?
A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (0.4500 TRY). The favourable scenario is already priced in. 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 (0.2100 TRY to 0.4500 TRY) leaves room in how you read the outcome.
Key figures of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi
How large is the market capitalisation of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
The market capitalisation of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 3.3B TRY (≈ $66.3M). 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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
The price-to-sales ratio of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 75.6 (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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
Earnings per share at MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi are 0.5300 TRY (price ÷ EPS = P/E 3.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
The net margin of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 89.3% (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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
The return on equity (ROE) of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 4.6% (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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
On an EBIT basis the return on assets of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 2.6% (avg 3y). 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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
The operating margin of MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is 30.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
Revenue at MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi is growing +21.3% versus a year earlier. 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 MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi (MHRGY)?
Earnings per share at MHR Gayrimenkul Yatirim Ortakligi Anonim Sirketi are growing −56.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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