Header cover image

Turkish (BIST) Market Analysis & Valuation

UpdatedJul 20, 2024
DataAggregated Company Financials
Companies551
  • 7D0.6%
  • 3M8.6%
  • 1Y79.0%
  • YTD36.4%

In the last week, the market has stayed flat, however the Real Estate sector stood out, gaining 3.9%. More promisingly, the market is up 79% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jul 2024₺14.6t₺11.2t₺1.4t16.8x10.3x1.3x
Tue, 18 Jun 2024₺14.2t₺11.2t₺1.4t16.1x10x1.3x
Thu, 16 May 2024₺14.3t₺11.5t₺1.5t16x9.6x1.2x
Sat, 13 Apr 2024₺13.4t₺10.3t₺1.4t15.5x9.3x1.3x
Mon, 11 Mar 2024₺12.4t₺8.5t₺1.4t16.5x9.2x1.5x
Wed, 07 Feb 2024₺12.4t₺8.3t₺1.4t14.5x9.1x1.5x
Fri, 05 Jan 2024₺10.2t₺8.2t₺1.4t11.6x7.5x1.2x
Sun, 03 Dec 2023₺10.9t₺8.2t₺1.3t13.1x8.1x1.3x
Tue, 31 Oct 2023₺10.8t₺7.6t₺1.2t14.4x8.8x1.4x
Thu, 28 Sep 2023₺10.9t₺7.2t₺1.1t15.9x9.5x1.5x
Sat, 26 Aug 2023₺10.6t₺7.2t₺1.1t13.5x9.3x1.5x
Mon, 24 Jul 2023₺7.6t₺6.7t₺1.1t12.2x7.1x1.1x
Wed, 21 Jun 2023₺6.0t₺6.6t₺1.1t9.1x5.7x0.9x
Fri, 19 May 2023₺5.4t₺6.6t₺1.1t8.3x5.1x0.8x
Sun, 16 Apr 2023₺5.7t₺5.9t₺1.0t9.3x5.7x1x
Tue, 14 Mar 2023₺7.2t₺5.7t₺974.5b10.5x7.4x1.3x
Thu, 09 Feb 2023₺4.7t₺5.2t₺783.0b9.7x6x0.9x
Sat, 07 Jan 2023₺5.9t₺4.9t₺680.6b13.5x8.7x1.2x
Mon, 05 Dec 2022₺5.7t₺4.9t₺679.9b13.5x8.3x1.1x
Wed, 02 Nov 2022₺7.2t₺4.0t₺532.9b12.6x13.5x1.8x
Fri, 30 Sep 2022₺3.5t₺3.9t₺499.4b9.8x7.1x0.9x
Sun, 28 Aug 2022₺3.5t₺3.9t₺498.0b9.7x7.1x0.9x
Tue, 26 Jul 2022₺3.0t₺3.0t₺350.0b11.1x8.4x1x
Thu, 23 Jun 2022₺2.9t₺3.0t₺349.5b10.8x8.3x1x
Sat, 21 May 2022₺2.8t₺3.0t₺349.7b9.8x7.9x0.9x
Mon, 18 Apr 2022₺2.7t₺2.5t₺283.3b12x9.5x1.1x
Wed, 16 Mar 2022₺2.3t₺2.5t₺281.3b10.4x8.2x0.9x
Fri, 11 Feb 2022₺2.6t₺2.1t₺235.5b14.1x10.8x1.2x
Sun, 09 Jan 2022₺2.6t₺2.1t₺213.6b15.2x12.1x1.3x
Tue, 07 Dec 2021₺2.2t₺2.1t₺213.4b16x10.5x1.1x
Thu, 04 Nov 2021₺1.7t₺1.9t₺191.6b14.9x9.1x0.9x
Sat, 02 Oct 2021₺1.6t₺1.8t₺171.5b14.9x9.5x0.9x
Mon, 30 Aug 2021₺1.7t₺1.8t₺171.2b15.1x9.7x0.9x
Price to Earnings Ratio

9.6x


Total Market Cap: ₺1.6tTotal Earnings: ₺171.0bTotal Revenue: ₺1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Market Price to Earnings3Y Average 8.7x202220232024
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 10.3x which is higher than its 3-year average PE of 8.7x.
Past Earnings Growth
  • The earnings for Turkish listed companies have grown 102% per year over the last three years.
  • Revenues for these companies have grown 83% 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 Market0.62%
Real Estate3.92%
Consumer Staples3.68%
Healthcare3.35%
Materials1.32%
Utilities0.98%
Financials0.50%
Tech-0.28%
Consumer Discretionary-0.55%
Industrials-0.67%
Telecom-0.84%
Energy-1.97%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 35.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 82.6%, which is higher than its past year's earnings growth of 38.2% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.2x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 83% over the next 5 years.
  • This is better than its past earnings growth rate of 38% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 58% 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
BIMAS BIM Birlesik Magazalar₺614.506.2%
+₺21.5b
202.7%PE20.2xConsumer Staples
KENT Kent Gida Maddeleri Sanayii ve Ticaret₺1.05k8.9%
+₺18.9b
453.2%PE427.1xConsumer Staples
ISCTR Türkiye Is Bankasi₺17.572.7%
+₺11.8b
212.2%PB1.6xFinancials
THYAO Türk Hava Yollari Anonim Ortakligi₺315.502.7%
+₺11.4b
41.1%PE2.6xIndustrials
AKBNK Akbank T.A.S₺68.753.1%
+₺10.7b
186.9%PB1.7xFinancials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

This week we are continuing our series on semiconductor chips, AKA integrated circuits (ICs). We previously covered logic and memory ICs, and today we turn to their analog cousins...

Latest News

TOASO

₺297.25

Tofas Türk Otomobil Fabrikasi Anonim Sirketi

7D

-5.0%

1Y

10.9%

BIMAS

₺614.50

BIM Birlesik Magazalar

7D

6.2%

1Y

202.7%

AKBNK

₺68.75

Akbank T.A.S

7D

3.1%

1Y

186.9%

KCHOL

₺225.20

Koç Holding

7D

-2.1%

1Y

88.9%

QNBFB

₺298.00

QNB Finansbank

7D

-1.4%

1Y

476.4%

ISCTR

₺17.57

Türkiye Is Bankasi

7D

2.7%

1Y

212.2%

FROTO

₺1,049.00

Ford Otomotiv Sanayi

7D

-1.9%

1Y

14.5%

TUPRS

₺165.00

Türkiye Petrol Rafinerileri

7D

-2.0%

1Y

80.5%

GARAN

₺131.20

Turkiye Garanti Bankasi

7D

-1.0%

1Y

257.1%

THYAO

₺315.50

Türk Hava Yollari Anonim Ortakligi

7D

2.7%

1Y

41.1%

SASA

₺45.96

Sasa Polyester Sanayi

7D

4.5%

1Y

-24.5%

ENKAI

₺43.74

Enka Insaat ve Sanayi

7D

3.8%

1Y

32.0%

QNBFL

₺110.60

QNB Finans Finansal Kiralama

7D

-3.5%

1Y

744.4%