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Turkish (BIST) Market Analysis & Valuation
UpdatedFeb 10, 2025
DataAggregated Company Financials
Companies568
- 7D0.7%
- 3M4.2%
- 1Y2.9%
- YTD-2.2%
In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 3.1%. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 40% 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 |
|---|---|---|---|---|---|---|
| Mon, 10 Feb 2025 | ₺13.4t | ₺11.6t | ₺1.2t | 15.2x | 11x | 1.2x |
| Wed, 08 Jan 2025 | ₺13.6t | ₺11.4t | ₺1.2t | 16.1x | 11.1x | 1.2x |
| Fri, 06 Dec 2024 | ₺13.5t | ₺11.4t | ₺1.2t | 16.1x | 11x | 1.2x |
| Sun, 03 Nov 2024 | ₺12.3t | ₺11.5t | ₺1.3t | 14.2x | 9.3x | 1.1x |
| Tue, 01 Oct 2024 | ₺13.1t | ₺11.5t | ₺1.4t | 15.7x | 9.5x | 1.1x |
| Thu, 29 Aug 2024 | ₺13.3t | ₺11.7t | ₺1.4t | 16.5x | 9.4x | 1.1x |
| Sat, 27 Jul 2024 | ₺14.4t | ₺11.3t | ₺1.4t | 17.2x | 10.2x | 1.3x |
| Mon, 24 Jun 2024 | ₺14.5t | ₺11.2t | ₺1.4t | 16.1x | 10.2x | 1.3x |
| Wed, 22 May 2024 | ₺15.0t | ₺11.6t | ₺1.5t | 15.7x | 10x | 1.3x |
| Fri, 19 Apr 2024 | ₺13.1t | ₺10.4t | ₺1.4t | 15.3x | 9.1x | 1.3x |
| Sun, 17 Mar 2024 | ₺12.5t | ₺9.6t | ₺1.4t | 15.3x | 9x | 1.3x |
| Tue, 13 Feb 2024 | ₺12.2t | ₺8.3t | ₺1.4t | 15.5x | 8.9x | 1.5x |
| Thu, 11 Jan 2024 | ₺10.5t | ₺8.2t | ₺1.4t | 12.1x | 7.7x | 1.3x |
| Sat, 09 Dec 2023 | ₺10.5t | ₺8.2t | ₺1.3t | 13x | 7.8x | 1.3x |
| Mon, 06 Nov 2023 | ₺10.8t | ₺7.9t | ₺1.3t | 13.4x | 8.4x | 1.4x |
| Wed, 04 Oct 2023 | ₺11.3t | ₺7.2t | ₺1.1t | 16.3x | 9.9x | 1.6x |
| Fri, 01 Sep 2023 | ₺9.6t | ₺7.2t | ₺1.1t | 14.2x | 8.4x | 1.3x |
| Sun, 30 Jul 2023 | ₺8.1t | ₺6.8t | ₺1.1t | 12.7x | 7.4x | 1.2x |
| Tue, 27 Jun 2023 | ₺6.5t | ₺6.7t | ₺1.1t | 9.9x | 6.1x | 1x |
| Thu, 25 May 2023 | ₺5.6t | ₺6.6t | ₺1.1t | 8.3x | 5.3x | 0.8x |
| Sat, 22 Apr 2023 | ₺5.7t | ₺5.9t | ₺1.0t | 8.9x | 5.6x | 1x |
| Mon, 20 Mar 2023 | ₺5.7t | ₺5.9t | ₺963.0b | 9.9x | 5.9x | 1x |
| Wed, 15 Feb 2023 | ₺4.7t | ₺5.4t | ₺828.0b | 9.6x | 5.6x | 0.9x |
| Fri, 13 Jan 2023 | ₺5.5t | ₺4.9t | ₺680.6b | 12.3x | 8.1x | 1.1x |
| Sun, 11 Dec 2022 | ₺5.7t | ₺4.9t | ₺679.9b | 13.5x | 8.4x | 1.2x |
| Tue, 08 Nov 2022 | ₺4.8t | ₺4.7t | ₺627.4b | 12.2x | 7.6x | 1x |
| Thu, 06 Oct 2022 | ₺3.8t | ₺3.9t | ₺499.4b | 10.7x | 7.7x | 1x |
| Sat, 03 Sep 2022 | ₺3.6t | ₺3.9t | ₺498.3b | 10.2x | 7.3x | 0.9x |
| Mon, 01 Aug 2022 | ₺3.0t | ₺3.1t | ₺390.8b | 11.5x | 7.7x | 1x |
| Wed, 29 Jun 2022 | ₺2.8t | ₺3.0t | ₺349.6b | 10.6x | 8.2x | 0.9x |
| Fri, 27 May 2022 | ₺2.9t | ₺3.0t | ₺349.5b | 9.6x | 8.3x | 1x |
| Sun, 24 Apr 2022 | ₺2.7t | ₺2.5t | ₺283.6b | 11.9x | 9.5x | 1.1x |
| Tue, 22 Mar 2022 | ₺2.4t | ₺2.5t | ₺280.6b | 10.9x | 8.5x | 1x |
| Thu, 17 Feb 2022 | ₺2.5t | ₺2.2t | ₺241.8b | 13.7x | 10.5x | 1.2x |
Price to Earnings Ratio
10.5x
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 11.0x which is higher than its 3-year average PE of 8.6x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 72% per year over the last three years.
- Revenues for these companies have grown 75% 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 | 0.69% | |
| Consumer Staples | 3.12% | |
| Materials | 2.70% | |
| Energy | 2.24% | |
| Consumer Discretionary | 0.95% | |
| Industrials | 0.85% | |
| Real Estate | 0.72% | |
| Utilities | 0.40% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Telecom | -0.66% | |
| Financials | -0.86% | |
| Tech | -1.25% | |
| Healthcare | -1.45% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 37.4x.
- Analysts expect its future annual earnings growth (60.7%) to be largely in line with prior year's earnings growth.
- The market's confidence could indicate that the market believes that analysts are underestimating future growth.
- The Real Estate sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 4.6x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 113% over the next 5 years.
- This is better than its past earnings decline of 45% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 4.2% 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 | |
|---|---|---|---|---|---|---|
| GARAN Turkiye Garanti Bankasi | ₺128.60 | 3.2% +₺16.8b | 95.3% | PB1.6x | Financials | |
| ENKAI Enka Insaat ve Sanayi | ₺49.36 | 5.5% +₺15.0b | 22.8% | PE11.9x | Industrials | |
| BIMAS BIM Birlesik Magazalar | ₺561.50 | 4.5% +₺14.3b | 43.0% | PE21x | Consumer Staples | |
| FROTO Ford Otomotiv Sanayi | ₺922.50 | 4.4% +₺13.5b | -6.4% | PE9.7x | Consumer Discretionary | |
| EREGL Eregli Demir ve Çelik Fabrikalari T.A.S | ₺23.42 | 8.0% +₺12.2b | 0.9% | PE8.8x | Materials |
