Narrative Update • May 06
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Turkish (BIST) Financials Sector Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies73
- 7D-1.0%
- 3M6.8%
- 1Y88.2%
- YTD0.08%
Over the last 7 days, the Financials industry has dropped 1.0%, driven by a pullback from Enpara Bank of 11%. Meanwhile, Yapi ve Kredi Bankasi actually outperformed within the industry, gaining 6.1% in the last week. Over the past 12 months, the industry was up 88%. As for the next few years, earnings are expected to grow by 31% per annum.
Sector Valuation and Performance
Has the Turkish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | ₺7.6t | ₺5.2t | ₺661.1b | 7.7x | 11.5x | 1.5x |
| Wed, 08 Apr 2026 | ₺8.4t | ₺5.1t | ₺617.7b | 7.2x | 13.6x | 1.7x |
| Fri, 06 Mar 2026 | ₺6.2t | ₺4.4t | ₺604.0b | 7.4x | 10.2x | 1.4x |
| Sun, 01 Feb 2026 | ₺6.1t | ₺4.1t | ₺549.6b | 8.6x | 11.1x | 1.5x |
| Tue, 30 Dec 2025 | ₺5.2t | ₺4.1t | ₺547.6b | 7.3x | 9.5x | 1.3x |
| Thu, 27 Nov 2025 | ₺5.6t | ₺4.1t | ₺546.3b | 7.3x | 10.2x | 1.4x |
| Sat, 25 Oct 2025 | ₺5.5t | ₺3.4t | ₺469.6b | 8x | 11.8x | 1.6x |
| Mon, 22 Sep 2025 | ₺5.4t | ₺3.4t | ₺460.7b | 8x | 11.7x | 1.6x |
| Wed, 20 Aug 2025 | ₺6.0t | ₺3.1t | ₺441.0b | 8.2x | 13.5x | 1.9x |
| Fri, 18 Jul 2025 | ₺4.4t | ₺3.0t | ₺413.6b | 8.2x | 10.6x | 1.5x |
| Sun, 15 Jun 2025 | ₺3.6t | ₺3.0t | ₺413.5b | 6.9x | 8.7x | 1.2x |
| Tue, 13 May 2025 | ₺3.5t | ₺3.0t | ₺399.5b | 7.7x | 8.8x | 1.2x |
| Thu, 10 Apr 2025 | ₺3.5t | ₺2.9t | ₺375.5b | 6.8x | 9.5x | 1.2x |
| Sat, 08 Mar 2025 | ₺4.2t | ₺2.9t | ₺380.5b | 6.9x | 10.9x | 1.5x |
| Mon, 03 Feb 2025 | ₺3.9t | ₺2.4t | ₺400.0b | 7.8x | 9.6x | 1.6x |
| Wed, 01 Jan 2025 | ₺3.8t | ₺2.3t | ₺419.8b | 7x | 9x | 1.6x |
| Fri, 29 Nov 2024 | ₺3.8t | ₺2.3t | ₺419.1b | 6.4x | 9x | 1.6x |
| Sun, 27 Oct 2024 | ₺3.5t | ₺2.3t | ₺450.7b | 7x | 7.9x | 1.6x |
| Tue, 24 Sep 2024 | ₺3.9t | ₺2.2t | ₺468.0b | 8.1x | 8.4x | 1.8x |
| Thu, 22 Aug 2024 | ₺3.7t | ₺2.2t | ₺488.0b | 8.1x | 7.5x | 1.7x |
| Sat, 20 Jul 2024 | ₺4.2t | ₺2.1t | ₺481.8b | 9x | 8.6x | 1.9x |
| Mon, 17 Jun 2024 | ₺4.1t | ₺2.1t | ₺480.5b | 9.1x | 8.6x | 1.9x |
| Wed, 15 May 2024 | ₺4.1t | ₺2.0t | ₺484.7b | 8.6x | 8.5x | 2x |
| Fri, 12 Apr 2024 | ₺3.5t | ₺2.0t | ₺461.8b | 8.3x | 7.6x | 1.8x |
| Sun, 10 Mar 2024 | ₺3.2t | ₺1.8t | ₺520.5b | 7.4x | 6.2x | 1.8x |
| Tue, 06 Feb 2024 | ₺3.7t | ₺1.7t | ₺516.7b | 6.6x | 7.1x | 2.1x |
| Thu, 04 Jan 2024 | ₺2.7t | ₺1.7t | ₺508.7b | 5.5x | 5.4x | 1.6x |
| Sat, 02 Dec 2023 | ₺2.8t | ₺1.7t | ₺505.1b | 6.3x | 5.5x | 1.6x |
| Mon, 30 Oct 2023 | ₺3.0t | ₺1.5t | ₺464.7b | 7.4x | 6.5x | 1.9x |
| Wed, 27 Sep 2023 | ₺2.7t | ₺1.5t | ₺436.4b | 8.6x | 6.3x | 1.8x |
| Fri, 25 Aug 2023 | ₺1.9t | ₺1.5t | ₺436.4b | 7.5x | 4.4x | 1.3x |
| Sun, 23 Jul 2023 | ₺1.4t | ₺1.4t | ₺404.0b | 7.6x | 3.4x | 1x |
| Tue, 20 Jun 2023 | ₺1.1t | ₺1.3t | ₺403.2b | 5.3x | 2.8x | 0.8x |
| Thu, 18 May 2023 | ₺984.1b | ₺1.3t | ₺400.8b | 5.1x | 2.5x | 0.7x |
Price to Earnings Ratio
2.5x
Current Industry PE
- Investors are optimistic on the Turkish Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.5x which is higher than its 3-year average PE of 8.5x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 58% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Turkish Financials sector?
| TR Market | 3.01% | |
| Financials | -1.02% | |
| Insurance | 4.23% | |
| Capital Markets | 3.28% | |
| Consumer Finance | 0.83% | |
| Banks | -1.03% | |
| Diversified Financial | -4.75% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 16.9x.
- Analysts are expecting annual earnings growth of 26.8%, which is lower than the prior year's growth of 43.7% per year.
- Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 8.9x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 33% over the next 5 years.
- However this is lower than its past earnings growth rate of 46% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| GARAN Turkiye Garanti Bankasi | ₺137.30 | 5.9% +₺32.3b | 29.0% | PB1.3x | |
| QNBTR QNB Bank | ₺245.30 | 2.4% +₺31.3b | 52.0% | PB7.3x | |
| YKBNK Yapi ve Kredi Bankasi | ₺39.30 | 9.7% +₺29.2b | 57.2% | PB1.2x | |
| AKBNK Akbank T.A.S | ₺75.25 | 6.5% +₺23.9b | 45.0% | PB1.3x | |
| HALKB Türkiye Halk Bankasi | ₺39.76 | 9.0% +₺23.6b | 81.2% | PB1.3x |
