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Turkish (BIST) Market Analysis & Valuation

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies605
  • 7D-0.2%
  • 3M-2.5%
  • 1Y31.8%
  • YTD10.7%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 8.0%. More promisingly, the market is up 32% over the past year. As for the next few years, earnings are expected to grow by 36% per annum.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026₺23.5t₺21.6t₺1.2t19.8x19.7x1.1x
Mon, 22 Jun 2026₺23.2t₺21.6t₺1.2t19.8x19.4x1.1x
Wed, 20 May 2026₺22.1t₺21.4t₺1.2t20.8x18.6x1x
Fri, 17 Apr 2026₺22.7t₺20.9t₺1.1t19.1x20.6x1.1x
Sun, 15 Mar 2026₺19.9t₺20.5t₺1.1t19.1x18.3x1x
Tue, 10 Feb 2026₺20.6t₺16.8t₺957.4b21.6x21.5x1.2x
Thu, 08 Jan 2026₺18.1t₺16.4t₺911.4b17.7x19.9x1.1x
Sat, 06 Dec 2025₺17.4t₺16.4t₺909.9b17.6x19.2x1.1x
Mon, 03 Nov 2025₺17.3t₺15.9t₺851.9b22.7x20.3x1.1x
Wed, 01 Oct 2025₺16.7t₺15.8t₺792.4b22.7x21.1x1.1x
Fri, 29 Aug 2025₺18.0t₺15.9t₺803.9b23.4x22.3x1.1x
Sun, 27 Jul 2025₺15.7t₺15.4t₺843.9b19.4x18.5x1x
Tue, 24 Jun 2025₺13.1t₺15.4t₺842.2b17x15.6x0.9x
Thu, 22 May 2025₺13.8t₺15.4t₺851.7b17.4x16.2x0.9x
Sat, 19 Apr 2025₺13.4t₺15.4t₺875.5b17.5x15.3x0.9x
Mon, 17 Mar 2025₺14.8t₺15.3t₺875.1b18.9x16.9x1x
Wed, 12 Feb 2025₺13.4t₺11.6t₺1.2t15.1x10.9x1.2x
Fri, 10 Jan 2025₺13.6t₺11.4t₺1.2t16.1x11.1x1.2x
Sun, 08 Dec 2024₺13.7t₺11.4t₺1.2t16.4x11.2x1.2x
Tue, 05 Nov 2024₺12.0t₺11.5t₺1.3t13.7x9.1x1x
Thu, 03 Oct 2024₺12.7t₺11.7t₺1.4t14.9x9.3x1.1x
Sat, 31 Aug 2024₺13.5t₺11.6t₺1.4t16.5x9.7x1.2x
Mon, 29 Jul 2024₺14.5t₺11.3t₺1.4t17.2x10.2x1.3x
Wed, 26 Jun 2024₺14.2t₺11.2t₺1.4t16.1x10x1.3x
Fri, 24 May 2024₺14.7t₺11.7t₺1.5t17.1x9.9x1.3x
Sun, 21 Apr 2024₺13.3t₺10.4t₺1.4t15.5x9.2x1.3x
Tue, 19 Mar 2024₺12.3t₺9.6t₺1.4t15.4x8.9x1.3x
Thu, 15 Feb 2024₺12.2t₺8.3t₺1.4t15.4x8.9x1.5x
Sat, 13 Jan 2024₺10.6t₺8.2t₺1.4t12.3x7.8x1.3x
Mon, 11 Dec 2023₺10.6t₺8.2t₺1.3t12.9x7.8x1.3x
Wed, 08 Nov 2023₺11.0t₺7.9t₺1.3t13.5x8.5x1.4x
Fri, 06 Oct 2023₺11.3t₺7.2t₺1.1t16.7x9.9x1.6x
Sun, 03 Sep 2023₺9.8t₺7.2t₺1.1t14.3x8.6x1.4x
Tue, 01 Aug 2023₺8.2t₺6.8t₺1.1t12.8x7.6x1.2x
Price to Earnings Ratio

7.6x


Total Market Cap: ₺8.2tTotal Earnings: ₺1.1tTotal Revenue: ₺6.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Market Price to Earnings3Y Average 14.1x202420252026
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 19.7x which is higher than its 3-year average PE of 14.1x.
Past Earnings Growth
  • The earnings for Turkish listed companies have grown 3.2% per year over the last three years.
  • Revenues for these companies have grown 47% 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-0.19%
Tech8.02%
Energy5.13%
Industrials3.17%
Utilities2.42%
Materials0.98%
Consumer Staples0.63%
Real Estate-0.90%
Consumer Discretionary-2.21%
Financials-3.41%
Telecom-4.46%
Healthcare-4.54%
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 41.2% which is higher than its past year's earnings decline of 20.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 60% 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 17% 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
ASELS ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi₺380.258.2%
+₺131.1b		107.6%PE53.3xIndustrials
HEDEF Hedef Holding₺233.0019.5%
+₺114.0b		3,478.5%PE402.1xFinancials
ODINE Odine Solutions Teknoloji Ticaret ve Sanayi₺2.47k17.6%
+₺40.9b		2,046.0%PE9619.1xTech
OZATD Özata Denizcilik Sanayi ve Ticaret Anonim Sirketi₺3.12k15.8%
+₺30.3b		1,382.9%PS83.6xIndustrials
TUPRS Türkiye Petrol Rafinerileri₺304.255.2%
+₺28.9b		82.1%PE17.7xEnergy
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

KTLEV
₺155.00
Katilimevim Tasarruf Finansman Anonim Sirketi
7D
-18.1%
1Y
1,645.5%
SKBNK
₺11.76
Sekerbank T.A.S
7D
-40.1%
1Y
90.3%
TUPRS
₺304.25
Türkiye Petrol Rafinerileri
7D
5.2%
1Y
82.1%
SARAE
₺123.80
Sa-Ra Enerji Insaat Ticaret Ve Sanayi
7D
60.8%
1Y
n/a
ISCTR
₺12.92
Türkiye Is Bankasi
7D
-5.6%
1Y
-11.6%
Narrative Update • Jul 16

ISCTR: Bullish Outlook Will Rely On Steady Margins And Higher P/E

Analysts have lifted their price target for Türkiye Is Bankasi to TRY 17.00 from TRY 14.36, reflecting updated assumptions on fair value, revenue growth, profit margins and future P/E levels that together indicate a different risk and return balance for the stock. What’s in the News for Türkiye Is Bankasi No recent Türkiye Is Bankasi specific news items or key developments were available from the provided sources as of 15 Jul 2026.
THYAO
₺312.00
Türk Hava Yollari Anonim Ortakligi
7D
-5.3%
1Y
6.5%
Narrative Update • Jul 11

THYAO: Higher Margin Outlook Will Support Upside Despite Lowered JPMorgan Price View

Analysts have trimmed their price targets on Türk Hava Yollari Anonim Ortakligi, with one recent cut from TRY 547.50 to TRY 502. This has contributed to a lower updated fair value estimate, alongside adjusted assumptions for growth, profit margins, and future P/E multiples.
DSTKF
₺2,048.00
Destek Finans Faktoring
7D
-18.8%
1Y
318.0%
QNBTR
₺201.90
QNB Bank
7D
-3.5%
1Y
-12.0%
FROTO
₺79.00
Ford Otomotiv Sanayi
7D
-5.5%
1Y
-14.5%
Narrative Update • Jul 03

FROTO: Future Upside Will Rely On Higher P/E Expectations

Analysts have adjusted their price target for Ford Otomotiv Sanayi to TRY120.00 from TRY113.00, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What’s in the News for Ford Otomotiv Sanayi Analysts revised their price target for Ford Otomotiv Sanayi to TRY120.00 from TRY113.00, reflecting updated assumptions around revenue, profit margins, and future P/E expectations.
GUNDG
₺2,510.00
Gundogdu Gida Sut Urunleri Sanayi ve Dis Ticaret Anonim Sirketi
7D
19.5%
1Y
3,637.9%
OZATD
₺3,120.00
Özata Denizcilik Sanayi ve Ticaret Anonim Sirketi
7D
15.8%
1Y
1,382.9%
ODINE
₺2,470.00
Odine Solutions Teknoloji Ticaret ve Sanayi
7D
17.6%
1Y
2,046.0%
HEDEF
₺233.00
Hedef Holding
7D
19.5%
1Y
3,478.5%
ASELS
₺380.25
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi
7D
8.2%
1Y
107.6%
BIGEN
₺128.70
Birlesim Grup Enerji Yatirimlari
7D
23.8%
1Y
994.4%
ENPRA
₺61.55
Enpara Bank
7D
-3.7%
1Y
n/a