Tofas Turk Otomobil Fabrikasi AS (TOASO) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Tofas Turk Otomobil Fabrikasi AS stock TRY 278, price TRY 211, upside +31.4%, quality 44 out of 100. Rating: undervalued. 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. As of Oct 29, 2026.
How to read this chart
60‑month range 26.90 TRY – 345.00 TRY · fair‑value band 194.33 TRY – 355.04 TRY · the 211.20 TRY price screens below the 277.62 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Tofas Türk Otomobil Fabrikasi Anonim Sirketi engages in manufacturing, exporting, and selling passenger carsand light commercial vehicles in Turkey.
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It also produces various automotive spare parts, as well as trades in automobile and spare parts; and provides consumer financing and insurance services. The company offers its products under the Peugeout, Citroen, Opel, Fiat, Jeep, Alfa Romeo, DS, Maserati, Ferrari, and Transit brands.
It also exports its products. The company was incorporated in 1968 and is headquartered in Istanbul, Turkey.
Stock analysis
Tofas Turk Otomobil Fabrikasi AS (TOASO) currently trades at 211.20 TRY, while our model-based Fair Value estimate is 277.62 TRY, implying the stock looks roughly 23.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 277.62 TRY per share, and 5 of the 14 models we run sit above the 211.20 TRY price.
Bear case: the Earnings-Based group reads lowest at 31.18 TRY, and 9 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 194.33 TRY (bear) to 355.04 TRY (bull), the price of 211.20 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 44/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Tofas Turk Otomobil Fabrikasi AS reported revenue of 332B TRL in FY2025 versus 30.5B TRL in FY2021, a compound +81.6%/yr. Reported net income was 8.4B TRL in FY2025, compounding +26.3%/yr from FY2021.
Key figures
Market cap 106B TRY (≈ $2.1B) Mid · P/E ratio 8.2 · P/S ratio 0.26 · EPS (TTM) 25.84 TRY · Dividend yield 9.5% · Net margin 3.0% · Return on equity 22.0% · Return on assets (EBIT) 16.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 3% fair-value upside, at 31%, TOASO screens cheaper than that median.
Fair Value models
Bear194.33 TRYFair Value 277.62 TRYBull355.04 TRY
Price 211.20 TRY · Upside +31.4%
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 (4.86 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+96.3%
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.
+70.6%
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.
+69.1%
Start year 2020 (pandemic). Over 10 years: +41.7% a year
Revenue growth 25 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.
−25.4%
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What shareholders gained per year (last 5 years) ⓘ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.
+45.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.2%
Dividend (yield on the price)9.5%
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.9% → 2%
Compare Tofas Turk Otomobil Fabrikasi AS 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.Auto Manufacturers · 108 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+31.4% · Above median
Profitability
Return on equity (12 months)22.0% · Top 25%
Return on assets4.8% · Above median
Net margin (12 months)3.0% · Above median
Operating margin (12 months)1.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.0% · Above median
Dividend yield (12 months)9.5% · Top 25%
Balance sheet
Debt / equity0.62× · Highest 25%
Valuation Multiplesvs Auto Manufacturers 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). "Tofas Turk Otomobil Fabrikasi AS Fair Value". https://www.fairvalue-calculator.com/stock/TOASO
Frequently asked questions
Is Tofas Turk Otomobil Fabrikasi AS (TOASO) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of 277.62 TRY versus a price of 211.20 TRY, about +31% upside (undervalued).
What is the fair value of TOASO?
Our model-based fair value for Tofas Turk Otomobil Fabrikasi AS is 277.62 TRY (as of Oct 29, 2026), built from audited fundamentals. The current price: 211.20 TRY.
What is the quality score of TOASO?
Tofas Turk Otomobil Fabrikasi AS 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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
Our model-based price target is the fair value of 277.62 TRY (as of Oct 29, 2026) from 14 valuation models. Cautious scenario 194.33 TRY, optimistic scenario 355.04 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Tofas Turk Otomobil Fabrikasi AS stock forecast for 2026?
Our models put fair value at 277.62 TRY, about +31% upside versus a price of 211.20 TRY (undervalued). Cautious scenario 194.33 TRY, optimistic scenario 355.04 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Tofas Turk Otomobil Fabrikasi AS (TOASO)?
Tofas Turk Otomobil Fabrikasi AS reported trailing-twelve-month revenue of about 413B TRY (latest available figure, as of Oct 29, 2026).
Does Tofas Turk Otomobil Fabrikasi AS pay a dividend?
Tofas Turk Otomobil Fabrikasi AS currently shows a dividend yield of 9.47% relative to its recent price (as of Oct 29, 2026).
What is the intrinsic value of Tofas Turk Otomobil Fabrikasi AS (TOASO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tofas Turk Otomobil Fabrikasi AS it is 277.62 TRY per share (as of Oct 29, 2026), against a price of 211.20 TRY. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Tofas Turk Otomobil Fabrikasi AS stock overvalued or undervalued in 2026?
As of Oct 29, 2026, TOASO trades below its calculated fair value: price 211.20 TRY, fair value 277.62 TRY, a gap of about +31% (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 TOASO?
No. The price is what the market pays today (211.20 TRY); the fair value is what the company's own numbers justify (277.62 TRY). For Tofas Turk Otomobil Fabrikasi AS the two are 66.42 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Tofas Turk Otomobil Fabrikasi AS worth?
The market values Tofas Turk Otomobil Fabrikasi AS at about 106B TRY (market capitalisation, as of Oct 29, 2026). Per share that is 211.20 TRY; our models calculate a fair value of 277.62 TRY per share.
What do the bullish and bearish scenarios say about TOASO?
Our models span a range for Tofas Turk Otomobil Fabrikasi AS: cautious scenario 194.33 TRY, base 277.62 TRY, optimistic 355.04 TRY per share (as of Oct 29, 2026, price 211.20 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TOASO?
Tofas Turk Otomobil Fabrikasi AS trades at a price-to-earnings ratio of 8.2 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 277.62 TRY is built from several models across several years. Other multiples: PEG 1.0, P/B 1.8, P/S 0.3, EV/EBITDA 14.2.
What is the PEG ratio of TOASO?
The PEG ratio of Tofas Turk Otomobil Fabrikasi AS is 1.03 (P/E divided by earnings growth, as of Oct 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Tofas Turk Otomobil Fabrikasi AS (TOASO)?
Balance-sheet figures for Tofas Turk Otomobil Fabrikasi AS (as of Oct 29, 2026): return on equity 22.0%, debt of 0.62 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is TOASO from its 52-week high?
Tofas Turk Otomobil Fabrikasi AS trades at 211.20 TRY, about 39% below its 52-week high of 345.00 TRY and at the low of 210.18 TRY (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 277.62 TRY is for.
Which stocks are comparable to Tofas Turk Otomobil Fabrikasi AS?
From the same area (Consumer Cyclical) we also value Toyota Motor Corporation, BYD Company, Ferrari N.V, General Motors 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 Tofas Turk Otomobil Fabrikasi AS stock attractive at the current price?
The data as of Oct 29, 2026: price 211.20 TRY, calculated fair value 277.62 TRY (+31%), 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 TOASO calculated?
We run Tofas Turk Otomobil Fabrikasi AS 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 277.62 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 13.4 % above its aggregate fair value. Tofas Turk Otomobil Fabrikasi AS currently trades 24 % 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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
The closing price on Oct 30, 2026 was 211.20 TRY. Our model-based fair value is 277.62 TRY, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tofas Turk Otomobil Fabrikasi AS right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range (194.33 TRY to 355.04 TRY) leaves room in how you read the outcome.
Key figures of Tofas Turk Otomobil Fabrikasi AS
How large is the market capitalisation of Tofas Turk Otomobil Fabrikasi AS (TOASO)?
The market capitalisation of Tofas Turk Otomobil Fabrikasi AS is 106B TRY (≈ $2.1B). 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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
The price-to-sales ratio of Tofas Turk Otomobil Fabrikasi AS is 0.26 (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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
Earnings per share at Tofas Turk Otomobil Fabrikasi AS are 25.84 TRY (price ÷ EPS = P/E 8.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tofas Turk Otomobil Fabrikasi AS (TOASO)?
The dividend yield of Tofas Turk Otomobil Fabrikasi AS is 9.5% (payout 77.4%). 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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
The net margin of Tofas Turk Otomobil Fabrikasi AS is 3.0% (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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
The return on equity (ROE) of Tofas Turk Otomobil Fabrikasi AS is 22.0% (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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
On an EBIT basis the return on assets of Tofas Turk Otomobil Fabrikasi AS is 16.1% (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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
The operating margin of Tofas Turk Otomobil Fabrikasi AS is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tofas Turk Otomobil Fabrikasi AS (TOASO)?
Revenue at Tofas Turk Otomobil Fabrikasi AS is growing +11.0% versus a year earlier (3y avg +70.6%). 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 Tofas Turk Otomobil Fabrikasi AS (TOASO)?
Earnings per share at Tofas Turk Otomobil Fabrikasi AS are growing +33.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tofas Turk Otomobil Fabrikasi AS (TOASO) generate?
The free cash flow of Tofas Turk Otomobil Fabrikasi AS is −6.1B 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 Tofas Turk Otomobil Fabrikasi AS (TOASO) carry?
The net debt of Tofas Turk Otomobil Fabrikasi AS is 33.9B 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 29, 2026