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Turkish (BIST) Banks Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies11
  • 7D0.5%
  • 3M-0.03%
  • 1Y44.3%
  • YTD-21.7%

Last week, the Banks industry hasn't moved much but Akbank T.A.S is up 13% in that time. As for the the longer term, the industry is up 44% over the past 12 months. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

Has the Turkish Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026₺4.8t₺2.0t₺493.9b6.8x9.8x2.4x
Thu, 21 May 2026₺4.5t₺2.0t₺486.5b5.6x9.3x2.2x
Sat, 18 Apr 2026₺5.3t₺1.9t₺455.7b7.3x11.7x2.9x
Mon, 16 Mar 2026₺3.9t₺1.9t₺455.7b6.4x8.7x2.1x
Wed, 11 Feb 2026₺4.4t₺1.7t₺419.8b7.6x10.5x2.6x
Fri, 09 Jan 2026₺4.1t₺1.6t₺401.7b6.8x10.2x2.5x
Sun, 07 Dec 2025₺4.1t₺1.6t₺401.7b6.8x10.1x2.5x
Tue, 04 Nov 2025₺3.9t₺1.6t₺389.6b6.4x10x2.5x
Thu, 02 Oct 2025₺3.7t₺1.5t₺355.3b7.7x10.5x2.5x
Sat, 30 Aug 2025₺4.8t₺1.5t₺355.3b8.1x13.4x3.2x
Mon, 28 Jul 2025₺3.6t₺1.4t₺333.1b8.2x10.8x2.6x
Wed, 25 Jun 2025₺2.9t₺1.4t₺333.1b6.7x8.6x2.1x
Fri, 23 May 2025₺2.8t₺1.4t₺333.1b6.4x8.3x2x
Sun, 20 Apr 2025₺2.7t₺1.3t₺308.2b5.9x8.7x2.1x
Tue, 18 Mar 2025₺3.4t₺1.3t₺308.2b7.2x11.2x2.7x
Thu, 13 Feb 2025₺2.9t₺1.2t₺333.8b6.2x8.8x2.5x
Sat, 11 Jan 2025₺3.1t₺1.1t₺356.1b6x8.6x2.7x
Mon, 09 Dec 2024₺3.1t₺1.1t₺356.1b6x8.7x2.7x
Wed, 06 Nov 2024₺2.6t₺1.1t₺351.8b4.7x7.4x2.3x
Fri, 04 Oct 2024₺2.8t₺1.2t₺400.0b4.5x7.1x2.5x
Sun, 01 Sep 2024₺3.2t₺1.2t₺400.0b4.7x8x2.8x
Tue, 30 Jul 2024₺3.2t₺1.1t₺416.2b5.5x7.6x2.8x
Thu, 27 Jun 2024₺3.1t₺1.1t₺416.2b5.4x7.5x2.8x
Sat, 25 May 2024₺3.3t₺1.1t₺419.3b5.3x7.9x2.9x
Mon, 22 Apr 2024₺2.7t₺1.1t₺398.6b4.9x6.7x2.5x
Wed, 20 Mar 2024₺2.4t₺1.0t₺436.5b3.3x5.4x2.3x
Fri, 16 Feb 2024₺2.3t₺1.0t₺432.1b3.6x5.3x2.2x
Sun, 14 Jan 2024₺2.3t₺1.0t₺428.0b3.4x5.4x2.3x
Tue, 12 Dec 2023₺2.0t₺1.0t₺428.0b3.1x4.6x1.9x
Thu, 09 Nov 2023₺2.3t₺993.1b₺416.0b4.6x5.6x2.3x
Sat, 07 Oct 2023₺2.4t₺909.8b₺383.9b4.3x6.2x2.6x
Mon, 04 Sep 2023₺1.5t₺909.8b₺383.9b3.1x3.9x1.7x
Wed, 02 Aug 2023₺1.1t₺857.5b₺379.1b2.9x3x1.3x
Fri, 30 Jun 2023₺929.6b₺821.1b₺364.6b2.4x2.5x1.1x
Price to Earnings Ratio

2.5x


Total Market Cap: ₺929.6bTotal Earnings: ₺364.6bTotal Revenue: ₺821.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Banks Industry Price to Earnings3Y Average 8x202420252026
Current Industry PE
  • Investors are optimistic on the Turkish Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.8x which is higher than its 3-year average PE of 8.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 36% 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 industry?

TR Market1.73%
Financials2.60%
Banks0.48%
Diversified Banks0.48%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.0x.
    • Analysts expect its future annual earnings growth (32.8%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 33% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AKBNK Akbank T.A.S₺81.8512.7%
+₺48.1b		43.1%PB1.4x
YKBNK Yapi ve Kredi Bankasi₺43.3813.9%
+₺44.6b		61.6%PB1.4x
GARAN Turkiye Garanti Bankasi₺143.705.7%
+₺32.8b		24.6%PB1.3x
ISCTR Türkiye Is Bankasi₺15.367.3%
+₺26.3b		34.6%PB0.9x
VAKBN Türkiye Vakiflar Bankasi Türk Anonim Ortakligi₺35.007.3%
+₺23.6b		46.4%PB1x

Latest News

YKBNK
₺43.38
Yapi ve Kredi Bankasi
7D
13.9%
1Y
61.6%
Narrative Update • Jun 22

YKBNK: Higher Profit Margin Assumptions Will Support A More Optimistic Outlook

Analysts have adjusted their TRY-based price target for Yapi ve Kredi Bankasi to reflect updated assumptions around discount rate, revenue growth, profit margin and future P/E, while keeping the fair value estimate stable at TRY 58.3. What's in the News No recent company-specific news for Yapi ve Kredi Bankasi has been provided in the available sources. No periodical coverage relating to Yapi ve Kredi Bankasi has been supplied for this review period.
ISCTR
₺15.36
Türkiye Is Bankasi
7D
7.3%
1Y
34.6%
Narrative Update • Jun 17

ISCTR: Fairly Valued Outlook Will Rely On Steady Margins And P/E

Analysts have lifted their 12‑month price target for Türkiye Is Bankasi stock from about TRY 13.54 to roughly TRY 14.36, citing updated assumptions that include slightly higher profit margins, a modestly higher discount rate, and a small adjustment to the expected future P/E multiple. What’s in the News for Türkiye Is Bankasi No recent Türkiye Is Bankasi news items were available from the provided sources.
AKBNK
₺81.85
Akbank T.A.S
7D
12.7%
1Y
43.1%
HALKB
₺47.48
Türkiye Halk Bankasi
7D
4.2%
1Y
128.3%
Narrative Update • Jun 07

HALKB: Future Fair Value Will Depend On Discount Rate Assumptions

Analysts have nudged their fair value estimate for Türkiye Halk Bankasi slightly higher to TRY 37.15 from TRY 36.56, citing updated assumptions around the discount rate, revenue growth, profit margin and forward P/E. Together, these factors imply a modestly adjusted risk and earnings outlook for the bank.
SAHOL
₺100.80
Haci Ömer Sabanci Holding
7D
5.1%
1Y
27.4%
Narrative Update • Jun 07

SAHOL: Lower Discount Rate Will Support Higher Future P/E Confidence

Analysts have revised the fair value estimate for Haci Ömer Sabanci Holding to TRY160.43, up from TRY157.49, citing updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. Analyst Commentary Analysts revising the fair value estimate for Haci Ömer Sabanci Holding to TRY160.43 highlight a mix of supportive and cautionary factors around assumptions for discount rate, revenue growth, profit margins and future P/E levels.
VAKBN
₺35.00
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
7D
7.3%
1Y
46.4%
Narrative Update • Jun 05

VAKBN: Lower Discount Rate Assumptions Will Support Further Upside Potential

Analysts have nudged their price target for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi slightly higher to TRY40.98 from TRY40.63, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E as the key drivers behind the change. What's in the News No recent news stories, periodical coverage, or key developments were available for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi based on the provided sources as of 3 Jun 2026.
GARAN
₺143.70
Turkiye Garanti Bankasi
7D
5.7%
1Y
24.6%
Narrative Update • Jun 04

GARAN: Higher Discount Rate And Lower Future P/E Will Support Upside

Analysts have slightly adjusted their fair value estimate for Turkiye Garanti Bankasi to TRY 181.76 from TRY 184.19, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E, following recent Street research that includes a TRY 161 price target and a more selective stance on Turkish banks. What's in the News A board meeting is scheduled for May 7, 2026, with an agenda item to consider task allocation within the Investor Relations function.
SKBNK
₺15.60
Sekerbank T.A.S
7D
11.8%
1Y
204.7%
ALBRK
₺8.60
Albaraka Türk Katilim Bankasi
7D
-1.1%
1Y
29.9%
QNBTR
₺215.40
QNB Bank
7D
-2.3%
1Y
39.8%
ENPRA
₺70.00
Enpara Bank
7D
-0.1%
1Y
n/a