TAB GIDA (TABGD) fair value: what the stock is really worth
We calculate from audited financials what TAB GIDA is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 13, 2026.
How to read this chart
35‑month range 95.00 TRY – 289.00 TRY · fair‑value band 199.43 TRY – 506.37 TRY · the 231.90 TRY price screens below the 319.99 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Tab Gida Sanayi ve Ticaret A.S. operates and franchises fast food and restaurant chains in Turkey. It operates fast food hamburger, chicken and pizza restaurants under the Burger King, Popeyes, Sbarro, Arby's, Master Doner Kebab Maker, Subway, and Master Pideci brands. The company was incorporated in 1994 and is headquartered in Istanbul, Turkey.
Stock analysis
TAB GIDA (TABGD) currently trades at 231.90 TRY, while our model-based Fair Value estimate is 319.99 TRY, implying the stock looks roughly 27.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 467.25 TRY per share, and 17 of the 26 models we run sit above the 231.90 TRY price.
Bear case: the Asset-Based group reads lowest at 57.13 TRY, and 9 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 199.43 TRY (bear) to 506.37 TRY (bull), the price of 231.90 TRY sits inside 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 51/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
TAB GIDA reported revenue of 47.6B TRY in FY2026 versus 3.8B TRY in FY2022, a compound +87.7%/yr. Reported net income was 2.6B TRY in FY2026.
Key figures
Market cap 60.6B TRY (≈ $1.2B) · P/E ratio 23.8 · P/S ratio 1.31 · EPS (TTM) 9.73 TRY · Dividend yield 1.7% · Net margin 5.5% · Return on equity 11.5% · Return on assets (EBIT) 11.4%.
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 21% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at 38%, TABGD screens cheaper than that median.
Fair Value models
Bear 199.43 TRYFair Value 319.99 TRYBull 506.37 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. Based on fiscal year 2026 figures (about 3 months old). Earnings retained since then (2.05 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.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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.7%
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.
+42.1%
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.
+85.5%
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 3 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 3 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.
+0.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.9%
Dividend (yield on the price)1.7%
Profit margin 2021 to 2026 ⓘ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% → 8%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
+11.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+54.7%
Yearly sales growth analysts expect, extended to five years.
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.Restaurants · 223 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−8% · Below median
Profitability
Return on equity (TTM)12% · Above median
Return on assets6% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth15% · Top 25%
Dividend yield (TTM)1.7% · Bottom 25%
Valuation Multiplesvs Restaurants median · lower = cheaper
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). "TAB GIDA Fair Value". https://www.fairvalue-calculator.com/stock/TABGD
Frequently asked questions
Is TAB GIDA (TABGD) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 319.99 TRY versus a price of 231.90 TRY, about +38% upside (undervalued).
What is the fair value of TABGD?
Our model-based fair value for TAB GIDA is 319.99 TRY (as of Sep 13, 2026), built from audited fundamentals. The current price: 231.90 TRY.
What is the quality score of TABGD?
TAB GIDA has a Quality Score of 51/100. 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 TAB GIDA (TABGD)?
Our model-based price target is the fair value of 319.99 TRY (as of Sep 13, 2026) from 26 valuation models. Cautious scenario 199.43 TRY, optimistic scenario 506.37 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the TAB GIDA stock forecast for 2026?
Our models put fair value at 319.99 TRY, about +38% upside versus a price of 231.90 TRY (undervalued). Cautious scenario 199.43 TRY, optimistic scenario 506.37 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of TAB GIDA (TABGD)?
TAB GIDA reported trailing-twelve-month revenue of about 49.4B TRY (latest available figure, as of Sep 13, 2026).
Does TAB GIDA pay a dividend?
TAB GIDA currently shows a dividend yield of about 1.67% relative to its recent price (as of Sep 13, 2026).
What growth is priced into TAB GIDA (TABGD)?
For today's price to be fair in a discounted-cash-flow model, TAB GIDA would have to grow free cash flow by +11.4 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +85.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of TABGD use?
Our models discount TAB GIDA at 14.2 %: a base by market capitalisation (small), damped by beta 0.24, 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 TAB GIDA that is +11.4 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has TAB GIDA (TABGD) delivered so far?
Over the past 5 years revenue at TAB GIDA grew +85.5 % a year. The price currently implies +11.4 % 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 TAB GIDA (TABGD) growing?
The median revenue growth in the sector is +3.9 % a year. That is the yardstick for the growth priced into TAB GIDA (+11.4 % 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 TAB GIDA (TABGD)?
The free-cash-flow yield on the price is 7.06 %: that much free cash flow TAB GIDA produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TAB GIDA (TABGD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TAB GIDA it is 319.99 TRY per share (as of Sep 13, 2026), against a price of 231.90 TRY. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is TAB GIDA stock overvalued or undervalued in 2026?
As of Sep 13, 2026, TABGD trades below its calculated fair value: price 231.90 TRY, fair value 319.99 TRY, a gap of about +38% (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 TABGD?
No. The price is what the market pays today (231.90 TRY); the fair value is what the company's own numbers justify (319.99 TRY). For TAB GIDA the two are 88.09 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is TAB GIDA worth?
The market values TAB GIDA at about 60.6B TRY (market capitalisation, as of Sep 13, 2026). Per share that is 231.90 TRY; our models calculate a fair value of 319.99 TRY per share.
What do the bullish and bearish scenarios say about TABGD?
Our models span a range for TAB GIDA: cautious scenario 199.43 TRY, base 319.99 TRY, optimistic 506.37 TRY per share (as of Sep 13, 2026, price 231.90 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TABGD?
TAB GIDA trades at a price-to-earnings ratio of 23.8 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 319.99 TRY is built from several models across several years. Other multiples: P/B 2.9, P/S 1.3, EV/EBITDA 10.1.
How solid is the balance sheet of TAB GIDA (TABGD)?
Balance-sheet figures for TAB GIDA (as of Sep 13, 2026): return on equity 11.5%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is TABGD from its 52-week high?
TAB GIDA trades at 231.90 TRY, about 21% below its 52-week high of 295.00 TRY and 20% above the low of 193.27 TRY (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 319.99 TRY is for.
Which stocks are comparable to TAB GIDA?
From the same area (Consumer Cyclical) we also value McDonald's Corporation, Starbucks Corporation, Chipotle Mexican Grill, Inc, Yum! Brands, 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 TAB GIDA stock attractive at the current price?
The data as of Sep 13, 2026: price 231.90 TRY, calculated fair value 319.99 TRY (+38%), Quality Score 51/100, from 26 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 TABGD calculated?
We run TAB GIDA through 26 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 319.99 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 15.6 % above its aggregate fair value. TAB GIDA currently trades 38 % 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 TAB GIDA (TABGD)?
The closing price on Sep 14, 2026 was 231.90 TRY. Our model-based fair value is 319.99 TRY, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TAB GIDA right now?
Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (199.43 TRY to 506.37 TRY) leaves room in how you read the outcome.
Key figures of TAB GIDA
How large is the market capitalisation of TAB GIDA (TABGD)?
The market capitalisation of TAB GIDA is 60.6B TRY (≈ $1.2B). 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 TAB GIDA (TABGD)?
The price-to-sales ratio of TAB GIDA is 1.31 (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 TAB GIDA (TABGD)?
Earnings per share at TAB GIDA are 9.73 TRY (price ÷ EPS = P/E 23.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TAB GIDA (TABGD)?
The dividend yield of TAB GIDA is 1.7% (payout 39.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TAB GIDA (TABGD)?
The net margin of TAB GIDA is 5.5% (fiscal year 2026). 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 TAB GIDA (TABGD)?
The return on equity (ROE) of TAB GIDA is 11.5% (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 TAB GIDA (TABGD)?
On an EBIT basis the return on assets of TAB GIDA is 11.4% (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 TAB GIDA (TABGD)?
The operating margin of TAB GIDA is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TAB GIDA (TABGD)?
Revenue at TAB GIDA is growing +15.3% versus a year earlier (3y avg +42.1%). 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 TAB GIDA (TABGD)?
Earnings per share at TAB GIDA are growing −44.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TAB GIDA (TABGD) carry?
The net debt of TAB GIDA is 1.9B TRY (fiscal year 2023, ≈ 0.5 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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