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Turkish (BIST) Market Analysis & Valuation
UpdatedJan 11, 2025
DataAggregated Company Financials
Companies561
- 7D-0.7%
- 3M11.0%
- 1Y21.6%
- YTD-0.08%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 24% in the past 12 months. As for the next few years, earnings are expected to grow by 35% per annum.
Market Valuation and Performance
Has the Turkish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Jan 2025 | ₺13.5t | ₺11.4t | ₺1.2t | 16x | 11x | 1.2x |
| Mon, 09 Dec 2024 | ₺13.7t | ₺11.4t | ₺1.2t | 16.3x | 11.2x | 1.2x |
| Wed, 06 Nov 2024 | ₺11.9t | ₺11.5t | ₺1.3t | 14.1x | 9.3x | 1x |
| Fri, 04 Oct 2024 | ₺12.2t | ₺11.7t | ₺1.4t | 14.5x | 8.9x | 1x |
| Sun, 01 Sep 2024 | ₺13.5t | ₺11.6t | ₺1.4t | 16.4x | 9.7x | 1.2x |
| Tue, 30 Jul 2024 | ₺14.3t | ₺11.3t | ₺1.4t | 17x | 10x | 1.3x |
| Thu, 27 Jun 2024 | ₺13.9t | ₺11.2t | ₺1.4t | 15.8x | 9.8x | 1.2x |
| Sat, 25 May 2024 | ₺14.6t | ₺11.7t | ₺1.5t | 16.6x | 9.9x | 1.2x |
| Mon, 22 Apr 2024 | ₺13.3t | ₺10.4t | ₺1.4t | 15.5x | 9.2x | 1.3x |
| Wed, 20 Mar 2024 | ₺12.5t | ₺9.7t | ₺1.4t | 15.6x | 9x | 1.3x |
| Fri, 16 Feb 2024 | ₺12.4t | ₺8.3t | ₺1.4t | 15.7x | 9.1x | 1.5x |
| Sun, 14 Jan 2024 | ₺10.6t | ₺8.2t | ₺1.4t | 12.3x | 7.8x | 1.3x |
| Tue, 12 Dec 2023 | ₺10.3t | ₺8.2t | ₺1.3t | 12.5x | 7.6x | 1.3x |
| Thu, 09 Nov 2023 | ₺12.0t | ₺8.0t | ₺1.3t | 13.8x | 9.2x | 1.5x |
| Sat, 07 Oct 2023 | ₺11.3t | ₺7.2t | ₺1.1t | 16.6x | 9.9x | 1.6x |
| Mon, 04 Sep 2023 | ₺9.8t | ₺7.2t | ₺1.1t | 14.3x | 8.6x | 1.4x |
| Wed, 02 Aug 2023 | ₺8.2t | ₺6.8t | ₺1.1t | 12.8x | 7.5x | 1.2x |
| Fri, 30 Jun 2023 | ₺6.5t | ₺6.7t | ₺1.1t | 10.1x | 6.1x | 1x |
| Sun, 28 May 2023 | ₺5.9t | ₺6.6t | ₺1.1t | 8.5x | 5.5x | 0.9x |
| Tue, 25 Apr 2023 | ₺5.7t | ₺5.9t | ₺1.0t | 8.9x | 5.6x | 1x |
| Thu, 23 Mar 2023 | ₺5.9t | ₺5.9t | ₺963.6b | 9.5x | 6.1x | 1x |
| Sat, 18 Feb 2023 | ₺5.8t | ₺5.4t | ₺839.9b | 10.8x | 6.9x | 1.1x |
| Mon, 16 Jan 2023 | ₺5.5t | ₺4.9t | ₺680.6b | 12.3x | 8.1x | 1.1x |
| Wed, 14 Dec 2022 | ₺5.9t | ₺4.9t | ₺679.9b | 14x | 8.7x | 1.2x |
| Fri, 11 Nov 2022 | ₺6.2t | ₺5.0t | ₺546.1b | 11.3x | 11.4x | 1.3x |
| Sun, 09 Oct 2022 | ₺3.9t | ₺3.9t | ₺499.4b | 11.1x | 7.8x | 1x |
| Tue, 06 Sep 2022 | ₺3.8t | ₺3.9t | ₺498.4b | 10.2x | 7.5x | 1x |
| Thu, 04 Aug 2022 | ₺9.2t | ₺3.1t | ₺392.3b | 11.5x | 23.4x | 2.9x |
| Sat, 02 Jul 2022 | ₺2.8t | ₺3.0t | ₺349.6b | 10.4x | 8x | 0.9x |
| Mon, 30 May 2022 | ₺2.7t | ₺3.0t | ₺349.5b | 9.7x | 7.9x | 0.9x |
| Wed, 27 Apr 2022 | ₺2.6t | ₺2.5t | ₺289.3b | 11.4x | 9x | 1x |
| Fri, 25 Mar 2022 | ₺2.4t | ₺2.5t | ₺280.6b | 11.2x | 8.6x | 1x |
| Sun, 20 Feb 2022 | ₺2.2t | ₺2.3t | ₺249.8b | 13.2x | 9x | 1x |
| Tue, 18 Jan 2022 | ₺2.7t | ₺2.1t | ₺213.4b | 15.3x | 12.5x | 1.3x |
Price to Earnings Ratio
12.5x
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 11.1x which is higher than its 3-year average PE of 8.6x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 79% per year over the last three years.
- Revenues for these companies have grown 77% 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 | -0.67% | |
| Healthcare | 1.95% | |
| Tech | 1.48% | |
| Financials | 0.66% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.23% | |
| Telecom | -0.34% | |
| Industrials | -0.98% | |
| Consumer Discretionary | -1.49% | |
| Materials | -1.54% | |
| Consumer Staples | -1.65% | |
| Real Estate | -1.85% | |
| Energy | -3.71% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 36.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 94.7%, which is higher than its past year's earnings growth of 64.0% per year.
- 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 4.7x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 106% over the next 5 years.
- This is better than its past earnings growth rate of 8.7% per year.
- In contrast, the Energy industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| QNBTR QNB Bank | ₺273.00 | 5.3% +₺46.1b | -1.4% | PB8.5x | Financials | |
| ASELS ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi | ₺78.35 | 4.7% +₺16.0b | 64.8% | PE39.1x | Industrials | |
| ISCTR Türkiye Is Bankasi | ₺14.36 | 2.0% +₺7.0b | 38.3% | PB1.2x | Financials | |
| RAYSG Ray Sigorta Anonim Sirketi | ₺584.00 | 5.8% +₺5.2b | 146.3% | PE55.8x | Financials | |
| MPARK MLP Saglik Hizmetleri | ₺388.00 | 7.4% +₺5.1b | 166.7% | PE13.2x | Healthcare |
