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Turkish (BIST) Market Analysis & Valuation

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies577
  • 7D0.2%
  • 3M0.8%
  • 1Y22.3%
  • YTD24.1%

The Consumer Staples sector gained 4.5% while the market remained flat over the last week. Meanwhile, the market is actually up 22% over the past year. Earnings are forecast to grow by 47% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

Has the Turkish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025₺17.4t₺16.4t₺910.2b18.3x19.1x1.1x
Sat, 15 Nov 2025₺16.6t₺16.9t₺917.8b19.2x18.1x1x
Mon, 13 Oct 2025₺17.2t₺15.8t₺794.2b22.1x21.7x1.1x
Wed, 10 Sep 2025₺16.4t₺15.9t₺797.0b22.8x20.5x1x
Fri, 08 Aug 2025₺17.8t₺15.5t₺828.7b21x21.5x1.1x
Sun, 06 Jul 2025₺14.6t₺15.4t₺843.4b18.7x17.3x0.9x
Tue, 03 Jun 2025₺12.9t₺15.4t₺838.3b17.4x15.4x0.8x
Thu, 01 May 2025₺13.2t₺15.6t₺878.3b17.1x15x0.8x
Sat, 29 Mar 2025₺13.8t₺15.4t₺875.7b17.5x15.8x0.9x
Mon, 24 Feb 2025₺13.3t₺12.9t₺1.2t15.4x11.4x1x
Wed, 22 Jan 2025₺13.6t₺11.4t₺1.2t15.7x11.1x1.2x
Fri, 20 Dec 2024₺13.4t₺11.4t₺1.2t15.7x10.9x1.2x
Sun, 17 Nov 2024₺12.9t₺11.4t₺1.2t14.7x10.5x1.1x
Tue, 15 Oct 2024₺12.3t₺11.6t₺1.4t14.6x9x1.1x
Thu, 12 Sep 2024₺12.9t₺11.6t₺1.4t15.9x9.3x1.1x
Sat, 10 Aug 2024₺13.2t₺11.6t₺1.4t16.5x9.5x1.1x
Mon, 08 Jul 2024₺14.3t₺11.2t₺1.4t15.8x10.1x1.3x
Wed, 05 Jun 2024₺14.0t₺11.1t₺1.4t16.3x9.9x1.3x
Fri, 03 May 2024₺14.3t₺10.6t₺1.5t14.9x9.8x1.4x
Sun, 31 Mar 2024₺12.7t₺10.1t₺1.4t14.8x9x1.3x
Tue, 27 Feb 2024₺12.7t₺8.4t₺1.4t16.2x9.3x1.5x
Thu, 25 Jan 2024₺10.8t₺8.2t₺1.4t13.3x7.9x1.3x
Sat, 23 Dec 2023₺10.3t₺8.2t₺1.4t11.7x7.5x1.2x
Mon, 20 Nov 2023₺11.5t₺8.2t₺1.3t13.2x8.6x1.4x
Wed, 18 Oct 2023₺10.8t₺7.2t₺1.1t15x9.4x1.5x
Fri, 15 Sep 2023₺10.1t₺7.2t₺1.1t14.2x8.9x1.4x
Sun, 13 Aug 2023₺9.7t₺7.1t₺1.1t13.1x8.8x1.4x
Tue, 11 Jul 2023₺7.2t₺6.7t₺1.1t11.3x6.7x1.1x
Thu, 08 Jun 2023₺6.3t₺6.6t₺1.1t9.5x5.9x1x
Sat, 06 May 2023₺5.0t₺6.3t₺1.0t7.9x4.8x0.8x
Mon, 03 Apr 2023₺5.4t₺5.9t₺1.0t8.8x5.4x0.9x
Wed, 01 Mar 2023₺6.2t₺5.5t₺874.1b10.9x7.1x1.1x
Fri, 27 Jan 2023₺5.7t₺5.0t₺682.7b12.9x8.4x1.2x
Sun, 25 Dec 2022₺6.2t₺4.9t₺680.5b14.1x9.1x1.2x
Price to Earnings Ratio

9.1x


Total Market Cap: ₺6.2tTotal Earnings: ₺680.5bTotal Revenue: ₺4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Market Price to Earnings3Y Average 11.5x202320242025
Current Market PE
  • Investors are optimistic on the Turkish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 19.2x which is higher than its 3-year average PE of 11.5x.
Past Earnings Growth
  • The earnings for Turkish listed companies have grown 10% per year over the last three years.
  • Revenues for these companies have grown 49% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Turkish Market?

TR Market0.16%
Consumer Staples2.63%
Consumer Discretionary2.36%
Industrials1.71%
Utilities0.72%
Materials0.59%
Real Estate0.19%
Telecom0.10%
Healthcare-0.30%
Tech-1.06%
Financials-2.01%
Energy-4.07%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 85.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 59.1% which is higher than its past year's earnings decline of 44.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 106% over the next 5 years.
  • This is better than its past earnings decline of 56% per year.
  • In contrast, the Tech sector is expected to see its earnings grow by 7.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
KLRHO Kiler Holding Anonim Sirketi₺253.7519.6%
+₺67.7b		603.3%PE266.1xIndustrials
FROTO Ford Otomotiv Sanayi₺97.257.5%
+₺23.7b		1.6%PE12.6xConsumer Discretionary
TERA Tera Yatirim Menkul Degerler₺329.006.8%
+₺14.7b		4,441.1%PE6.6xFinancials
CCOLA Coca-Cola Içecek Anonim Sirketi₺59.507.6%
+₺11.8b		0%PE16.9xConsumer Staples
BIMAS BIM Birlesik Magazalar₺551.503.5%
+₺11.0b		8.8%PE28.9xConsumer Staples
See more

Market Insights

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CCOLA
₺59.50
Coca-Cola Içecek Anonim Sirketi
7D
7.6%
1Y
0%

CCOLA: Future Profitability Will Be Underpinned By Stronger Volumes Despite Margin Dilution

Analysts have modestly raised their price target on Coca-Cola Içecek Anonim Sirketi to reflect a higher fair value of approximately $79.48 from about $77.79. They cited slightly stronger expected revenue growth, which is partially offset by marginally lower forecast profit margins and a higher future P/E multiple.
HALKB
₺35.32
Türkiye Halk Bankasi
7D
-4.0%
1Y
103.7%

HALKB: Elevated Risk And Low Earnings Visibility Will Likely Restrain Upside

Analysts have nudged their price target on Türkiye Halk Bankasi slightly higher to reflect a modestly lower perceived risk and marginally improved future earnings visibility, while maintaining a broadly unchanged fair value estimate at ₺31.16 per share. Valuation Changes Fair Value Estimate remains unchanged at approximately TRY 31.16 per share, indicating no material reassessment of intrinsic value.
SMRVA
₺257.75
Sumer Varlik Yonetim
7D
-27.7%
1Y
965.1%
AKBNK
₺70.70
Akbank T.A.S
7D
3.0%
1Y
12.4%
BIMAS
₺551.50
BIM Birlesik Magazalar
7D
3.5%
1Y
8.8%

BIMAS: Improved Margins And Lower Discount Rate Will Support Future Upside

Analysts have nudged their price target for BIM Birlesik Magazalar modestly higher, from TRY 746.46 to TRY 754.75, citing slightly stronger expectations for revenue growth and profit margins, along with a marginally lower discount rate and future P/E assumption. What's in the News Company schedules a special and extraordinary shareholders meeting for December 19, 2025, which may indicate significant corporate decisions ahead (Key Developments) The meeting will be held at the company’s Istanbul location at Abdurrahmangazi, Ebubekir Cd. No:73, 34887 Sancaktepe, reflecting ongoing engagement with local shareholders (Key Developments) Valuation Changes Fair Value Estimate increased slightly from TRY 746.46 to TRY 754.75, reflecting modestly stronger fundamentals.
FROTO
₺97.25
Ford Otomotiv Sanayi
7D
7.5%
1Y
1.6%

FROTO: Strengthened Margins And Dividend Plans Will Support Shareholder Value

Analysts have modestly revised their price target on Ford Otomotiv Sanayi upward to 145.51. They cite a slightly improved profit margin outlook and a marginally lower expected future price to earnings multiple that together support a firmer valuation profile.
TERA
₺329.00
Tera Yatirim Menkul Degerler
7D
6.8%
1Y
4,441.1%
KLRHO
₺253.75
Kiler Holding Anonim Sirketi
7D
19.6%
1Y
603.3%
TUPRS
₺189.30
Türkiye Petrol Rafinerileri
7D
-4.4%
1Y
29.4%
ASELS
₺201.00
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi
7D
-2.3%
1Y
184.1%
HEDEF
₺50.05
Hedef Holding
7D
-10.3%
1Y
1,478.9%
GENIL
₺169.00
Gen Ilac Ve Saglik Urunleri Sanayi Ve Ticaret Anonim Sirketi
7D
-12.1%
1Y
50.5%
ASTOR
₺107.90
Astor Enerji
7D
7.4%
1Y
4.8%
QNBTR
₺448.75
QNB Bank
7D
-5.5%
1Y
60.4%
KLNMA
₺10.40
Türkiye Kalkinma ve Yatirim Bankasi
7D
-7.9%
1Y
-30.2%
PEKGY
₺12.15
Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi
7D
13.7%
1Y
640.9%