Have your own idea? Try our Stock Screener
Turkish (BIST) Market Analysis & Valuation
UpdatedOct 30, 2025
DataAggregated Company Financials
Companies575
- 7D3.2%
- 3M4.6%
- 1Y30.8%
- YTD22.9%
The market has climbed by 3.2% over the past week, with every sector up and the Financials sector leading the way. The market is up 31% over the last 12 months. Earnings are forecast to grow by 45% 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 |
|---|---|---|---|---|---|---|
| Fri, 31 Oct 2025 | ₺17.2t | ₺15.9t | ₺811.9b | 22.6x | 21.1x | 1.1x |
| Sun, 28 Sep 2025 | ₺17.0t | ₺15.8t | ₺792.4b | 23.2x | 21.5x | 1.1x |
| Tue, 26 Aug 2025 | ₺18.2t | ₺15.8t | ₺820.2b | 23x | 22.2x | 1.2x |
| Thu, 24 Jul 2025 | ₺15.6t | ₺15.4t | ₺845.7b | 19x | 18.5x | 1x |
| Sat, 21 Jun 2025 | ₺13.2t | ₺15.4t | ₺842.3b | 17.2x | 15.7x | 0.9x |
| Mon, 19 May 2025 | ₺13.9t | ₺15.4t | ₺855.1b | 19.1x | 16.2x | 0.9x |
| Wed, 16 Apr 2025 | ₺13.5t | ₺15.4t | ₺876.4b | 17.7x | 15.4x | 0.9x |
| Fri, 14 Mar 2025 | ₺14.6t | ₺15.3t | ₺883.7b | 18.5x | 16.6x | 1x |
| Sun, 09 Feb 2025 | ₺13.4t | ₺11.6t | ₺1.2t | 15.2x | 11x | 1.2x |
| Tue, 07 Jan 2025 | ₺13.8t | ₺11.4t | ₺1.2t | 16.2x | 11.2x | 1.2x |
| Thu, 05 Dec 2024 | ₺13.4t | ₺11.4t | ₺1.2t | 15.9x | 10.9x | 1.2x |
| Sat, 02 Nov 2024 | ₺12.3t | ₺11.5t | ₺1.3t | 14.2x | 9.3x | 1.1x |
| Mon, 30 Sep 2024 | ₺13.2t | ₺11.5t | ₺1.4t | 15.7x | 9.6x | 1.1x |
| Wed, 28 Aug 2024 | ₺13.2t | ₺11.7t | ₺1.4t | 16.5x | 9.3x | 1.1x |
| Fri, 26 Jul 2024 | ₺14.5t | ₺11.3t | ₺1.4t | 17.3x | 10.2x | 1.3x |
| Sun, 23 Jun 2024 | ₺14.5t | ₺11.2t | ₺1.4t | 16.1x | 10.2x | 1.3x |
| Tue, 21 May 2024 | ₺14.8t | ₺11.6t | ₺1.5t | 16.1x | 10x | 1.3x |
| Thu, 18 Apr 2024 | ₺13.1t | ₺10.3t | ₺1.4t | 15.1x | 9.1x | 1.3x |
| Sat, 16 Mar 2024 | ₺12.5t | ₺9.1t | ₺1.4t | 15.5x | 8.9x | 1.4x |
| Mon, 12 Feb 2024 | ₺12.0t | ₺8.3t | ₺1.4t | 14.9x | 8.7x | 1.4x |
| Wed, 10 Jan 2024 | ₺10.4t | ₺8.2t | ₺1.4t | 11.7x | 7.6x | 1.3x |
| Fri, 08 Dec 2023 | ₺10.5t | ₺8.2t | ₺1.3t | 12.8x | 7.8x | 1.3x |
| Sun, 05 Nov 2023 | ₺10.8t | ₺7.9t | ₺1.3t | 13.4x | 8.4x | 1.4x |
| Tue, 03 Oct 2023 | ₺11.2t | ₺7.2t | ₺1.1t | 16x | 9.8x | 1.6x |
| Thu, 31 Aug 2023 | ₺9.4t | ₺7.2t | ₺1.1t | 13.7x | 8.3x | 1.3x |
| Sat, 29 Jul 2023 | ₺8.1t | ₺6.7t | ₺1.1t | 12.7x | 7.4x | 1.2x |
| Mon, 26 Jun 2023 | ₺6.3t | ₺6.6t | ₺1.1t | 9.6x | 5.9x | 1x |
| Wed, 24 May 2023 | ₺6.2t | ₺6.6t | ₺1.1t | 8.3x | 5.9x | 0.9x |
| Fri, 21 Apr 2023 | ₺5.7t | ₺5.9t | ₺1.0t | 8.9x | 5.6x | 1x |
| Sun, 19 Mar 2023 | ₺5.6t | ₺5.9t | ₺960.6b | 9.9x | 5.9x | 1x |
| Tue, 14 Feb 2023 | ₺4.7t | ₺5.4t | ₺828.0b | 9.7x | 5.6x | 0.9x |
| Thu, 12 Jan 2023 | ₺5.3t | ₺4.9t | ₺680.6b | 11.8x | 7.7x | 1.1x |
| Sat, 10 Dec 2022 | ₺5.7t | ₺4.9t | ₺679.9b | 13.5x | 8.4x | 1.2x |
| Mon, 07 Nov 2022 | ₺4.7t | ₺4.7t | ₺626.3b | 12.1x | 7.5x | 1x |
Price to Earnings Ratio
7.5x
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 21.1x which is higher than its 3-year average PE of 11.0x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 11% per year over the last three years.
- Revenues for these companies have grown 55% 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 | 3.23% | |
| Energy | 7.80% | |
| Real Estate | 5.56% | |
| Financials | 4.77% | |
| Utilities | 3.58% | |
| Materials | 3.43% | |
| Telecom | 3.24% | |
| Consumer Staples | 2.37% | |
| Consumer Discretionary | 1.50% | |
| Industrials | 1.40% | |
| Tech | 0.98% | |
| Healthcare | 0.32% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 67.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 70.1% which is higher than its past year's earnings decline of 47.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 113% over the next 5 years.
- This is better than its past earnings decline of 70% per year.
- In contrast, the Real Estate sector is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|---|
| QNBTR QNB Bank | ₺523.00 | 5.5% +₺91.3b | 81.6% | PB11.4x | Financials | |
| DSTKF Destek Finans Faktoring | ₺629.00 | 16.1% +₺29.0b | n/a | PE80.7x | Financials | |
| UFUK UFUK Yatirim Yonetim ve Gayrimenkul | ₺1.87k | 41.2% +₺25.6b | 262.8% | PE667.5x | Real Estate | |
| TUPRS Türkiye Petrol Rafinerileri | ₺196.00 | 4.8% +₺17.3b | 35.5% | PE18.8x | Energy | |
| ENKAI Enka Insaat ve Sanayi | ₺77.25 | 3.7% +₺16.1b | 64.1% | PE15.7x | Industrials |