Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company (TRGYO) Fair Value & Analysis
Real Estate · TR · Market cap 93.8B TRY
Fair value as of: Aug 13, 2026
From 16 valuation models · updated yesterday
Share price −5.7% over the past month.
A solid business, screening 40% undervalued on our models.
What matters now
- Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 2.41 TRY – 101.70 TRY · fair‑value band 94.02 TRY – 164.25 TRY · the 93.75 TRY price screens below the 131.40 TRY fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company (TRGYO) currently trades at 93.75 TRY, while our model-based Fair Value estimate is 131.40 TRY, implying the stock looks roughly 40.2% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company generated revenue of 16.9B TRY at a net margin of 49.4%. Revenue grew 39.6% year over year. It earns a return on equity of 6.6%. Net debt stands at 1.5B TRY. Fundamentals as of Aug 13, 2026
Our scenario range runs from 94.02 TRY (bear case) to 164.25 TRY (bull case); at 93.75 TRY, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -23% fair-value upside, at 40%, TRGYO screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: DCF Models (203.18 TRY) versus Dividend Discount (71.16 TRY). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 72
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company was established in Istanbul, Turkiye, in 1996 under the name Toray Construction Industry and Trade Inc.
Full company description
Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company was established in Istanbul, Turkiye, in 1996 under the name Toray Construction Industry and Trade Inc. The Company with the amendment to the articles of association published in the Trade Registry Gazette on January 25, 2008, it was registered as Torunlar Gayrimenkul Yatirim Ortakligi A.S. on January 21, 2008. The Company is registered with the Capital Markets Board, and its shares have been traded on Borsa Istanbul since October 21, 2010. The Company operates in Turkiye. As of June 30, 2025, the Company had 55 employees (December 31, 2024: 56), and the ultimate parent company is the Torun Family. The company is registered with the Istanbul Chamber of Commerce in Turkiye. The Company's main field of activity is to engage in real estate, real estate-based capital market instruments, real estate projects and investments in capital market instruments, as outlined in the CMB's regulations on real estate investment trusts. Torunlar Gayrimenkul Yatirim Ortakligi A.S. registered address is Ruzgarlibahçe Mahallesi Ozalp Çikmazi No: 4 Beykoz 34805 Istanbul/Turkiye.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company reported revenue of 14.9B TRY in FY2025 versus 1.5B TRY in FY2021, a compound +77.9%/yr. Reported net income was 7.7B TRY in FY2025, compounding +9.9%/yr from FY2021.
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Peer Group
REIT - Diversified · 169 stocks
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.
Valuation Multiples vs REIT - Diversified median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Goodman Group GMG | A$30.05 | A$7.37 | -75% |
| VICI Properties Inc VICI | $26.07 | $41.74 | +60% |
| W. P. Carey Inc WPC | $70.69 | $34.80 | -51% |
| Charter Hall Group CHC | A$23.56 | A$10.99 | -53% |
| Stockland SGP | A$4.27 | A$3.70 | -13% |
| Fibra Uno FUNO11 | 31.10 MXN | 54.87 MXN | +76% |
| The GPT Group GPT | A$5.19 | A$3.49 | -33% |
| Mirvac Group MGR | A$1.77 | A$0.5700 | -68% |
| KLCC Property Holdings 5235SS | 8.70 MYR | 6.66 MYR | -23% |
| Fibra Danhos DANHOS13 | 28.26 MXN | 49.89 MXN | +77% |
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Frequently asked questions
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Does Torunlar Gayrimenkul Yatirim Ortakligi A.S. (Torunlar GYO). The Company pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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