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Turkish (BIST) Market Analysis & Valuation

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies585
  • 7D1.8%
  • 3M22.3%
  • 1Y51.0%
  • YTD16.5%

The market is up 1.8% over the last week, with the Industrials sector leading the way, up 2.2%. Meanwhile, the Energy sector has underperformed, shrinking 3.7% in that time. In the last year, the market has climbed 51%. Earnings are forecast to grow by 41% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 29 Jun 2023₺6.5t₺6.7t₺1.1t10.1x6.1x1x
Sat, 27 May 2023₺5.5t₺6.6t₺1.1t8.4x5.2x0.8x
Mon, 24 Apr 2023₺5.7t₺5.9t₺1.0t8.9x5.6x1x
Wed, 22 Mar 2023₺5.8t₺5.9t₺963.5b9.4x6x1x
Fri, 17 Feb 2023₺5.3t₺5.4t₺828.4b10.7x6.4x1x
Price to Earnings Ratio

6.4x


Total Market Cap: ₺5.3tTotal Earnings: ₺828.4bTotal Revenue: ₺5.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Market Price to Earnings3Y Average 12.1x202420252026
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 21.5x which is higher than its 3-year average PE of 12.1x.
Past Earnings Growth
  • The earnings for Turkish listed companies have grown 4.9% per year over the last three years.
  • Revenues for these companies have grown 46% 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 Market1.75%
Materials4.03%
Healthcare2.80%
Consumer Discretionary2.65%
Industrials2.21%
Telecom1.81%
Financials1.27%
Consumer Staples1.27%
Real Estate1.22%
Tech0.94%
Utilities0.32%
Energy-3.68%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 93.7x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 58.2% which is higher than its past year's earnings decline of 44.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings decline of 58% per year.
  • In contrast, the Tech sector is expected to see its earnings grow by 7.0% 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
QNBTR QNB Bank₺292.002.8%
+₺44.0b		92.8%PB9.3xFinancials
THYAO Türk Hava Yollari Anonim Ortakligi₺329.507.8%
+₺32.8b		2.9%PE3.8xIndustrials
HEDEF Hedef Holding₺69.4023.9%
+₺26.1b		1,322.1%PE180.6xFinancials
BIMAS BIM Birlesik Magazalar₺704.005.8%
+₺23.0b		27.9%PE36.9xConsumer Staples
EREGL Eregli Demir ve Çelik Fabrikalari T.A.S₺30.008.9%
+₺17.2b		31.2%PE41.4xMaterials
See more

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