Narrative Update • Jun 04
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Turkish (BIST) Market Analysis & Valuation
UpdatedJun 09, 2026
DataAggregated Company Financials
Companies596
- 7D1.2%
- 3M5.4%
- 1Y48.7%
- YTD9.9%
The market is up 1.2% over the last week, with the Financials sector leading the way, up 5.2%. The market is up 49% over the last 12 months. Looking forward, earnings are forecast to grow by 33% annually.
Market Valuation and Performance
Has the Turkish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 10 Jun 2026 | ₺22.3t | ₺21.5t | ₺1.2t | 20.3x | 18.7x | 1x |
| Fri, 08 May 2026 | ₺23.2t | ₺21.1t | ₺1.2t | 20.6x | 20.1x | 1.1x |
| Sun, 05 Apr 2026 | ₺20.0t | ₺20.9t | ₺1.1t | 18x | 18.3x | 1x |
| Tue, 03 Mar 2026 | ₺20.6t | ₺18.4t | ₺1.0t | 19.5x | 19.7x | 1.1x |
| Thu, 29 Jan 2026 | ₺20.0t | ₺16.4t | ₺913.7b | 21.3x | 21.9x | 1.2x |
| Sat, 27 Dec 2025 | ₺17.4t | ₺16.4t | ₺910.9b | 18.3x | 19.1x | 1.1x |
| Mon, 24 Nov 2025 | ₺17.1t | ₺16.5t | ₺904.4b | 17.8x | 18.9x | 1x |
| Wed, 22 Oct 2025 | ₺16.6t | ₺15.8t | ₺795.8b | 21.7x | 20.9x | 1.1x |
| Fri, 19 Sep 2025 | ₺17.1t | ₺15.8t | ₺784.5b | 23.9x | 21.8x | 1.1x |
| Sun, 17 Aug 2025 | ₺17.4t | ₺15.6t | ₺818.3b | 22.2x | 21.3x | 1.1x |
| Tue, 15 Jul 2025 | ₺14.7t | ₺15.4t | ₺844.6b | 18.2x | 17.4x | 1x |
| Thu, 12 Jun 2025 | ₺13.8t | ₺15.4t | ₺841.4b | 18.5x | 16.4x | 0.9x |
| Sat, 10 May 2025 | ₺13.4t | ₺15.4t | ₺862.3b | 18.3x | 15.6x | 0.9x |
| Mon, 07 Apr 2025 | ₺13.5t | ₺15.4t | ₺877.2b | 17.5x | 15.4x | 0.9x |
| Wed, 05 Mar 2025 | ₺13.5t | ₺13.5t | ₺1.0t | 15.9x | 13x | 1x |
| Fri, 31 Jan 2025 | ₺13.6t | ₺11.4t | ₺1.2t | 15.5x | 11.1x | 1.2x |
| Sun, 29 Dec 2024 | ₺13.6t | ₺11.4t | ₺1.2t | 15.9x | 11.1x | 1.2x |
| Tue, 26 Nov 2024 | ₺13.5t | ₺11.4t | ₺1.2t | 15.6x | 11x | 1.2x |
| Thu, 24 Oct 2024 | ₺12.1t | ₺11.5t | ₺1.4t | 14.5x | 8.9x | 1x |
| Sat, 21 Sep 2024 | ₺13.4t | ₺11.6t | ₺1.4t | 16.6x | 9.6x | 1.2x |
| Mon, 19 Aug 2024 | ₺13.1t | ₺11.5t | ₺1.4t | 16.3x | 9.2x | 1.1x |
| Wed, 17 Jul 2024 | ₺14.6t | ₺11.2t | ₺1.4t | 16.3x | 10.3x | 1.3x |
| Fri, 14 Jun 2024 | ₺13.7t | ₺11.1t | ₺1.4t | 16.1x | 9.7x | 1.2x |
| Sun, 12 May 2024 | ₺14.4t | ₺11.4t | ₺1.5t | 15.6x | 9.8x | 1.3x |
| Tue, 09 Apr 2024 | ₺13.3t | ₺10.3t | ₺1.4t | 15.4x | 9.2x | 1.3x |
| Thu, 07 Mar 2024 | ₺12.2t | ₺8.9t | ₺1.4t | 15.8x | 8.8x | 1.4x |
| Sat, 03 Feb 2024 | ₺12.2t | ₺8.3t | ₺1.4t | 14.2x | 9x | 1.5x |
| Mon, 01 Jan 2024 | ₺10.1t | ₺8.2t | ₺1.4t | 11.9x | 7.4x | 1.2x |
| Wed, 29 Nov 2023 | ₺11.0t | ₺8.2t | ₺1.3t | 13.7x | 8.2x | 1.3x |
| Fri, 27 Oct 2023 | ₺10.7t | ₺7.3t | ₺1.2t | 14.1x | 9.1x | 1.5x |
| Sun, 24 Sep 2023 | ₺10.4t | ₺7.2t | ₺1.1t | 15.3x | 9.1x | 1.4x |
| Tue, 22 Aug 2023 | ₺8.8t | ₺7.2t | ₺1.1t | 13.9x | 7.9x | 1.2x |
| Thu, 20 Jul 2023 | ₺7.4t | ₺6.7t | ₺1.1t | 12.2x | 7x | 1.1x |
| Sat, 17 Jun 2023 | ₺6.2t | ₺6.6t | ₺1.1t | 9.6x | 5.9x | 0.9x |
Price to Earnings Ratio
5.9x
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 18.6x which is higher than its 3-year average PE of 13.5x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 4.1% per year over the last three years.
- Revenues for these companies have grown 48% 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 Market | -2.53% | |
| Financials | 2.41% | |
| Real Estate | -1.36% | |
| Consumer Discretionary | -2.05% | |
| Tech | -2.07% | |
| Consumer Staples | -2.10% | |
| Telecom | -2.88% | |
| Healthcare | -4.34% | |
| Materials | -5.09% | |
| Industrials | -6.07% | |
| Energy | -7.89% | |
| Utilities | -9.38% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 40.1% which is higher than its past year's earnings decline of 19.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 58% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| DSTKF Destek Finans Faktoring | ₺2.55k | 26.1% +₺175.7b | 810.7% | PE225.7x | Financials | |
| KTLEV Katilimevim Tasarruf Finansman Anonim Sirketi | ₺160.00 | 23.3% +₺62.5b | 2,002.5% | PE30.5x | Financials | |
| HEDEF Hedef Holding | ₺110.00 | 5.8% +₺18.1b | 1,616.8% | PE189.8x | Financials | |
| RALYH Ral Yatirim Holding | ₺244.00 | 14.9% +₺10.5b | 156.8% | PE26.7x | Industrials | |
| EMPAE Empa Elektronik Sanayi Ve Ticaret Anonim Sirketi | ₺144.10 | 60.9% +₺9.3b | n/a | PE296.2x | Tech |