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Turkish (BIST) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies529
  • 7D-3.7%
  • 3M17.8%
  • 1Y100.2%
  • YTD17.5%

Over the last 7 days, the market has dropped 3.7%, driven by a decline of 4.8% in the Industrials sector. As for the longer term, the market has actually risen by 100% in the last year. Looking forward, earnings are forecast to grow by 23% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 13 Dec 2022₺5.9t₺4.9t₺679.9b13.8x8.7x1.2x
Thu, 10 Nov 2022₺6.2t₺5.0t₺546.1b11.3x11.4x1.3x
Sat, 08 Oct 2022₺3.9t₺3.9t₺499.4b11.1x7.8x1x
Mon, 05 Sep 2022₺3.6t₺3.8t₺498.4b10.1x7.2x0.9x
Wed, 03 Aug 2022₺3.1t₺3.1t₺391.7b11.5x8x1x
Fri, 01 Jul 2022₺2.8t₺3.0t₺349.6b10.2x7.9x0.9x
Sun, 29 May 2022₺2.8t₺3.0t₺349.5b9.8x8x0.9x
Tue, 26 Apr 2022₺2.7t₺2.5t₺283.7b11.6x9.4x1.1x
Thu, 24 Mar 2022₺2.4t₺2.5t₺280.6b11.2x8.6x1x
Sat, 19 Feb 2022₺2.2t₺2.2t₺246.1b13.4x9.1x1x
Mon, 17 Jan 2022₺2.6t₺2.1t₺213.4b15.2x12.4x1.3x
Wed, 15 Dec 2021₺2.4t₺2.1t₺213.9b16.5x11.2x1.2x
Fri, 12 Nov 2021₺8.4t₺2.0t₺209.9b14.1x40.1x4.1x
Sun, 10 Oct 2021₺1.6t₺1.8t₺171.5b14.7x9.5x0.9x
Tue, 07 Sep 2021₺1.7t₺1.8t₺171.3b15.4x9.8x0.9x
Thu, 05 Aug 2021₺1.6t₺1.8t₺171.0b15.4x9.6x0.9x
Sun, 09 May 2021₺1.7t₺1.6t₺141.2b17.8x11.7x1.1x
Price to Earnings Ratio

12.1x


Total Market Cap: ₺1.7tTotal Earnings: ₺140.8bTotal Revenue: ₺1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Market Price to Earnings3Y Average 8.9x202220232024
Current Market PE
  • Investors are relatively neutral on the Turkish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 8.9x.
Past Earnings Growth
  • The earnings for Turkish listed companies have grown 114% 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 Market-2.09%
Utilities2.14%
Healthcare-0.37%
Consumer Staples-0.76%
Financials-0.93%
Industrials-2.25%
Materials-2.92%
Real Estate-3.02%
Telecom-3.83%
Consumer Discretionary-4.03%
Energy-4.47%
Tech-5.00%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 33.6x.
    • Analysts are expecting annual earnings growth of 47.9%, which is lower than the prior year's growth of 95.2% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings growth rate of 30% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 19% 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
QNBFB QNB Finansbank₺280.004.3%
+₺38.5b
579.3%PB11.5xFinancials
QNBFL QNB Finans Finansal Kiralama₺185.9018.1%
+₺28.5b
1,920.7%PE225.5xFinancials
KENT Kent Gida Maddeleri Sanayii ve Ticaret₺1.05k6.2%
+₺13.4b
425.0%PE282.1xConsumer Staples
MOGAN Mogan Enerji Yatirim Holding Anonim Sirketi₺20.4435.6%
+₺13.1b
n/aPE32.5xUtilities
KLNMA Türkiye Kalkinma ve Yatirim Bankasi₺37.8812.7%
+₺10.7b
230.3%PE23.4xFinancials
See more
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Market Insights

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Latest News

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QNBFL

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7D

-6.2%

1Y

121.2%

KLNMA

₺37.88

Türkiye Kalkinma ve Yatirim Bankasi

7D

12.7%

1Y

230.3%

PKENT

₺347.00

Petrokent Turizm

7D

-9.0%

1Y

186.3%

KENT

₺1,050.00

Kent Gida Maddeleri Sanayii ve Ticaret

7D

6.2%

1Y

425.0%