Turkiye Garanti Bankasi (GARAN) Stock Overview
Provides various banking products and services in Turkey. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
GARAN Community Fair Values
Create NarrativeSee what 62 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Turkiye Garanti Bankasi A.S. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₺138.40 |
| 52 Week High | ₺169.70 |
| 52 Week Low | ₺115.40 |
| Beta | 0.50 |
| 1 Month Change | 12.61% |
| 3 Month Change | 10.28% |
| 1 Year Change | 12.70% |
| 3 Year Change | 331.96% |
| 5 Year Change | 1,547.62% |
| Change since IPO | 12,708,807.25% |
Recent News & Updates
Narrative Update • Jun 23
GARAN: Higher TRY Dividend And New Buy Rating Will Support Future Upside Potential
Analysts have adjusted their price target for Turkiye Garanti Bankasi stock to TRY 161. The updated fair value estimate of TRY 205.73, compared with the prior TRY 225.90, reflects revised views on discount rate, revenue growth, profit margin and future P/E assumptions for the bank.
Narrative Update • Jun 04
GARAN: Higher Discount Rate And Lower Future P/E Will Support Upside
Analysts have slightly adjusted their fair value estimate for Turkiye Garanti Bankasi to TRY 181.76 from TRY 184.19, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E, following recent Street research that includes a TRY 161 price target and a more selective stance on Turkish banks. What's in the News A board meeting is scheduled for May 7, 2026, with an agenda item to consider task allocation within the Investor Relations function.
Narrative Update • May 19
GARAN: Competition Probe And 2026 Dividend Will Guide Fairly Valued Outlook
Analysts have adjusted their price target for Turkiye Garanti Bankasi to TRY140.61 from TRY135.73 as updated assumptions around discount rate, revenue growth, profit margin and future P/E feed through their valuation work. What's in the News The Competition Board has opened an investigation into Turkiye Garanti Bankasi A.S. regarding a potential breach of Article 4 of Law No. 4054 on the Protection of Competition in the labor market.Narrative Update • May 02
GARAN: Dividend Plan And Competition Probe Will Shape Fairly Valued Shares
Analysts have trimmed their 12 month price target for Turkiye Garanti Bankasi to TRY135.73 from TRY139.85, citing updated assumptions that combine slightly higher revenue growth expectations with a lower profit margin outlook and a higher future P/E multiple. What's in the News An annual dividend of TRY 5.2669 per share has been announced, payable on April 9, 2026, with an ex-date of April 7, 2026 and a record date of April 8, 2026 (company announcement).Recent updates
Narrative Update • Jun 23
GARAN: Higher TRY Dividend And New Buy Rating Will Support Future Upside Potential
Analysts have adjusted their price target for Turkiye Garanti Bankasi stock to TRY 161. The updated fair value estimate of TRY 205.73, compared with the prior TRY 225.90, reflects revised views on discount rate, revenue growth, profit margin and future P/E assumptions for the bank.Narrative Update • Jun 04
GARAN: Higher Discount Rate And Lower Future P/E Will Support Upside
Analysts have slightly adjusted their fair value estimate for Turkiye Garanti Bankasi to TRY 181.76 from TRY 184.19, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E, following recent Street research that includes a TRY 161 price target and a more selective stance on Turkish banks. What's in the News A board meeting is scheduled for May 7, 2026, with an agenda item to consider task allocation within the Investor Relations function.Narrative Update • May 19
GARAN: Competition Probe And 2026 Dividend Will Guide Fairly Valued Outlook
Analysts have adjusted their price target for Turkiye Garanti Bankasi to TRY140.61 from TRY135.73 as updated assumptions around discount rate, revenue growth, profit margin and future P/E feed through their valuation work. What's in the News The Competition Board has opened an investigation into Turkiye Garanti Bankasi A.S. regarding a potential breach of Article 4 of Law No. 4054 on the Protection of Competition in the labor market.Narrative Update • May 02
GARAN: Dividend Plan And Competition Probe Will Shape Fairly Valued Shares
Analysts have trimmed their 12 month price target for Turkiye Garanti Bankasi to TRY135.73 from TRY139.85, citing updated assumptions that combine slightly higher revenue growth expectations with a lower profit margin outlook and a higher future P/E multiple. What's in the News An annual dividend of TRY 5.2669 per share has been announced, payable on April 9, 2026, with an ex-date of April 7, 2026 and a record date of April 8, 2026 (company announcement).Narrative Update • Apr 17
GARAN: Lower Discount Rate And Higher Future P/E Will Support Upside
Analysts have raised their price target for Turkiye Garanti Bankasi from TRY178.45 to TRY184.19, citing updated assumptions related to fair value, discount rate, revenue growth, profit margin, and future P/E levels. What's in the News Announced an annual dividend of TRY 5.2669 per share, with payment scheduled for April 9, 2026, ex-date on April 7, 2026, and record date on April 8, 2026 (Key Developments).Narrative Update • Apr 02
GARAN: Higher TRY Dividend Will Support Future Upside Potential
Analysts have adjusted their TRY price target for Turkiye Garanti Bankasi to TRY 225.9. The change is mainly grounded in updated assumptions around revenue growth, profit margin and future P/E that now reflect a slightly different risk profile via a small tweak to the discount rate. What's in the News An annual dividend of TRY 5.2669 per share has been declared.Narrative Update • Mar 19
GARAN: Dividend Outlook And Competition Probe Will Shape Fairly Valued Shares
Analysts have lifted their price target for Turkiye Garanti Bankasi from TRY129.81 to TRY139.85, reflecting updated fair value work that incorporates refreshed assumptions for discount rate, revenue growth, profit margin and future P/E. What's in the News Announced an annual dividend of TRY 5.2669 per share, with payment scheduled for April 9, 2026, ex-date on April 7, 2026, and record date on April 8, 2026 (Key Developments).Narrative Update • Mar 04
GARAN: Higher Fair Value And Future P E Re Rating Will Drive Upside
Analysts have revised their price target for Turkiye Garanti Bankasi to TRY225.90 from TRY205.09, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. Valuation Changes Fair Value: Updated to TRY225.90 from TRY205.09, indicating a higher assessed value per share under the revised assumptions.Narrative Update • Feb 18
GARAN: Lower Growth Assumptions Will Keep Shares Vulnerable To Compressing P/E
Analysts have trimmed their TRY-based fair value estimate for Turkiye Garanti Bankasi slightly to TRY129.81 from TRY132.09, reflecting updated assumptions for revenue growth, profit margins and a modestly lower future P/E multiple. Valuation Changes Fair Value: TRY129.81, down slightly from TRY132.09.Narrative Update • Feb 04
GARAN: Higher Revenue Assumptions Will Be Outweighed By Weaker Profitability
Analysts have trimmed their price target for Turkiye Garanti Bankasi slightly, now pointing to a fair value that is marginally lower than before. This reflects updated assumptions around revenue growth, profit margin and future P/E multiples.Narrative Update • Jan 21
GARAN: Higher Revenue Assumptions Will Be Offset By Weaker Profitability
Analysts have raised their fair value estimate for Turkiye Garanti Bankasi from about ₺109.79 to around ₺132.16. They cite updated assumptions for revenue growth, profit margins and future P/E multiples as the main factors behind this change.Narrative Update • Jan 07
GARAN: Lower Risk Assumptions And Stronger Margins Will Support Future Upside
Analysts have raised their price target for Turkiye Garanti Bankasi, describing the roughly 3% increase as supported by slightly lower discount rate assumptions, marginally firmer revenue growth and profit margin inputs, and a small adjustment to future P/E expectations. Valuation Changes Fair Value: The updated estimate has moved from TRY 173.23 to TRY 178.45, reflecting a small uplift in the implied valuation.Narrative Update • Dec 17
GARAN: Future Margin Expansion And Lower Earnings Multiple Will Drive Upside
Analysts have modestly trimmed their price target on Turkiye Garanti Bankasi from approximately ₺209 to ₺205, reflecting a slightly higher perceived risk. At the same time, they are factoring in stronger expected revenue growth, expanding profit margins, and a lower future P/E valuation multiple.Narrative Update • Dec 03
GARAN: Future Earnings Power Will Support Upside Despite Modest Margin Pressure
Analysts have modestly reduced their price target on Turkiye Garanti Bankasi by approximately $0.29, reflecting slightly lower fair value and profit margin assumptions, even though they now expect higher revenue growth and a marginally cheaper future P/E multiple. Valuation Changes The fair value estimate has edged down slightly from TRY 173.52 to approximately TRY 173.23, indicating a marginally lower intrinsic valuation.Narrative Update • Nov 19
GARAN: Discount Rate Adjustment Will Maintain Potential for Future Upside
Analysts have modestly maintained their fair value price target for Turkiye Garanti Bankasi at ₺173.52. They cite negligible changes in key valuation inputs such as revenue growth and profit margin, with only a slight upward adjustment in the applied discount rate.Narrative Update • Nov 04
GARAN: Improving Profit Margins And Lower Discount Rate Will Drive Future Performance
Narrative Update on Turkiye Garanti Bankasi: Analyst Price Target Revision Analysts have raised their fair value estimate for Turkiye Garanti Bankasi from ₺168.18 to ₺173.52, citing improved profit margins and a slightly reduced discount rate as key drivers of the target increase. Valuation Changes The Fair Value Estimate has risen slightly, from TRY 168.18 to TRY 173.52.Narrative Update • Oct 17
Digital Transformation And Sustainable Finance Will Secure Future Leadership
Analysts have raised their price target for Turkiye Garanti Bankasi to ₺168.18 from ₺166.88, reflecting minor upward adjustments in fair value estimates and updated model metrics. Valuation Changes The Fair Value Estimate has increased slightly from TRY 166.88 to TRY 168.18.Narrative Update • Oct 03
Digital Transformation And Sustainable Finance Will Secure Future Leadership
Narrative Update on Turkiye Garanti Bankasi Analysts have raised their price target for Turkiye Garanti Bankasi from ₺161.66 to ₺166.88. This change reflects updated assumptions around discount rates, revenue growth, and profit margins.
New Narrative • Nov 13
Garanti BBVA's Digitalization And Decisive Focus Set To Navigate Challenges And Drive Growth
Strategic management and potential rate cuts may enhance Garanti BBVA's net interest margins and overall profitability.Shareholder Returns
| GARAN | TR Banks | TR Market | |
|---|---|---|---|
| 7D | -3.7% | -4.6% | -2.4% |
| 1Y | 12.7% | 30.5% | 49.6% |
Return vs Industry: GARAN underperformed the TR Banks industry which returned 30.5% over the past year.
Return vs Market: GARAN underperformed the TR Market which returned 49.5% over the past year.
Price Volatility
| GARAN volatility | |
|---|---|
| GARAN Average Weekly Movement | 6.2% |
| Banks Industry Average Movement | 6.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in TR Market | 10.6% |
| 10% least volatile stocks in TR Market | 5.0% |
Stable Share Price: GARAN has not had significant price volatility in the past 3 months compared to the TR market.
Volatility Over Time: GARAN's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1946 | 23,376 | Mahmut Akten | www.garantibbva.com.tr |
Turkiye Garanti Bankasi A.S. provides various banking products and services in Turkey. It offers current, savings, time deposit, e-savings, YUVAM, NET, ELMA, overdraft, and gold accounts; SME general purpose, auto, mortgage, commercial, foreign currency spot, installment loans, and project loans, as well as IBOR reforms and foreign trade financing; investment funds, stocks, derivatives, Garanti BBVA e-trader platform, time barred deposit and investment lists, and derivative instruments; credit and debit cards, BonusFlas, and POS and e-commerce products; and insurance and pension products. The company also provides payment systems and services; private banking services; banking services for salary payments/entrepreneurship and women entrepreneurs; leasing fleet factoring services; investment banking and financing services; mobile and internet banking services; and ATM and cash management services.
Turkiye Garanti Bankasi A.S. Fundamentals Summary
| GARAN fundamental statistics | |
|---|---|
| Market cap | ₺581.28b |
| Earnings (TTM) | ₺117.90b |
| Revenue (TTM) | ₺362.85b |
4.9x
P/E Ratio1.3x
P/B RatioIs GARAN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GARAN income statement (TTM) | |
|---|---|
| Revenue | ₺362.85b |
| Cost of Revenue | ₺1.64b |
| Gross Profit | ₺361.21b |
| Other Expenses | ₺243.31b |
| Earnings | ₺117.90b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 29, 2026
| Earnings per share (EPS) | 28.07 |
| Gross Margin | 99.55% |
| Net Profit Margin | 32.49% |
| Debt/Equity Ratio | 125.5% |
How did GARAN perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield17%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 14:23 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Turkiye Garanti Bankasi A.S. is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Ata Invest |
| Cristina Marzea | Barclays |
| Erdem Kayli | BNP Paribas |