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Turkish (BIST) Market Analysis & Valuation

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies579
  • 7D4.4%
  • 3M6.4%
  • 1Y29.0%
  • YTD3.1%

Over the last 7 days, the market has risen 4.4%, driven by gains of 11% in the Industrials sector. In the last year, the market has climbed 29%. Looking forward, earnings are forecast to grow by 46% 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, 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
Sun, 15 Jan 2023₺5.5t₺4.9t₺680.6b12.3x8.1x1.1x
Price to Earnings Ratio

8.1x


Total Market Cap: ₺5.5tTotal Earnings: ₺680.6bTotal Revenue: ₺4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Market Price to Earnings3Y Average 11.7x202420252026
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 19.9x which is higher than its 3-year average PE of 11.7x.
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 Market4.42%
Industrials10.56%
Energy7.03%
Consumer Staples3.84%
Telecom3.66%
Financials2.43%
Materials1.92%
Tech1.58%
Utilities1.42%
Real Estate1.17%
Consumer Discretionary0.75%
Healthcare-2.03%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 88.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 62.4% 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 109% 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₺436.2542.4%
+₺211.3b		1,330.3%PE457.4xIndustrials
ASELS ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi₺263.5013.7%
+₺145.0b		244.0%PE64xIndustrials
HALKB Türkiye Halk Bankasi₺42.0214.2%
+₺37.6b		147.8%PB1.5xFinancials
KCHOL Koç Holding₺183.008.4%
+₺36.0b		-1.8%PE73xIndustrials
THYAO Türk Hava Yollari Anonim Ortakligi₺290.758.3%
+₺30.7b		-0.8%PE3.4xIndustrials
See more

Market Insights

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VAKBN: Higher Required Return Will Support Attractive Future Upside Potential

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Fenerbahçe Futbol
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Koç Holding
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8.4%
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TERA
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Türk Hava Yollari Anonim Ortakligi
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9.7%
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THYAO: European Expansion Will Drive Long-Term Upside Despite Higher Discount Rate

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