Narrative Update • May 06
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Turkish (BIST) Banks Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies11
- 7D-1.0%
- 3M-11.7%
- 1Y50.2%
- YTD-20.0%
Over the last 7 days, the Banks industry has dropped 1.0%, driven by a pullback from Enpara Bank of 11%. On the other hand Yapi ve Kredi Bankasi is actually up 6.1%. This takes the industry's 12 month performance to a gain of 50%. Looking forward, earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the Turkish Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 May 2026 | ₺4.9t | ₺2.0t | ₺494.7b | 6.1x | 10x | 2.5x |
| Mon, 06 Apr 2026 | ₺3.9t | ₺1.9t | ₺455.7b | 6.2x | 8.6x | 2.1x |
| Wed, 04 Mar 2026 | ₺4.1t | ₺1.8t | ₺450.4b | 6.7x | 9.1x | 2.3x |
| Fri, 30 Jan 2026 | ₺4.5t | ₺1.6t | ₺401.7b | 7.6x | 11.2x | 2.8x |
| Sun, 28 Dec 2025 | ₺3.8t | ₺1.6t | ₺401.7b | 6.7x | 9.6x | 2.4x |
| Tue, 25 Nov 2025 | ₺3.9t | ₺1.6t | ₺401.7b | 6.5x | 9.8x | 2.4x |
| Thu, 23 Oct 2025 | ₺3.7t | ₺1.5t | ₺355.3b | 7x | 10.4x | 2.5x |
| Sat, 20 Sep 2025 | ₺4.0t | ₺1.5t | ₺355.3b | 8x | 11.3x | 2.7x |
| Mon, 18 Aug 2025 | ₺4.7t | ₺1.5t | ₺355.3b | 7.8x | 13.3x | 3.2x |
| Wed, 16 Jul 2025 | ₺3.3t | ₺1.4t | ₺333.1b | 8.1x | 9.9x | 2.4x |
| Fri, 13 Jun 2025 | ₺2.8t | ₺1.4t | ₺333.2b | 6.6x | 8.6x | 2.1x |
| Sun, 11 May 2025 | ₺2.6t | ₺1.3t | ₺325.5b | 5.7x | 8x | 2x |
| Tue, 08 Apr 2025 | ₺2.9t | ₺1.3t | ₺308.2b | 6.3x | 9.4x | 2.3x |
| Thu, 06 Mar 2025 | ₺3.3t | ₺1.3t | ₺308.3b | 6.6x | 10.6x | 2.6x |
| Sat, 01 Feb 2025 | ₺3.1t | ₺1.2t | ₺346.1b | 6.3x | 8.9x | 2.7x |
| Mon, 30 Dec 2024 | ₺3.0t | ₺1.1t | ₺356.1b | 6x | 8.5x | 2.7x |
| Wed, 27 Nov 2024 | ₺2.9t | ₺1.1t | ₺356.1b | 5.7x | 8.3x | 2.6x |
| Fri, 25 Oct 2024 | ₺2.7t | ₺1.2t | ₺400.0b | 4.3x | 6.9x | 2.4x |
| Sun, 22 Sep 2024 | ₺3.1t | ₺1.2t | ₺400.0b | 4.8x | 7.8x | 2.7x |
| Tue, 20 Aug 2024 | ₺2.9t | ₺1.2t | ₺415.0b | 4.8x | 6.9x | 2.4x |
| Thu, 18 Jul 2024 | ₺3.3t | ₺1.1t | ₺416.2b | 6x | 8x | 3x |
| Sat, 15 Jun 2024 | ₺3.3t | ₺1.1t | ₺416.2b | 5.5x | 7.8x | 2.9x |
| Mon, 13 May 2024 | ₺3.2t | ₺1.1t | ₺418.4b | 4.6x | 7.7x | 2.9x |
| Wed, 10 Apr 2024 | ₺2.7t | ₺1.1t | ₺398.6b | 4.4x | 6.7x | 2.5x |
| Fri, 08 Mar 2024 | ₺2.3t | ₺1.0t | ₺436.5b | 3.2x | 5.2x | 2.2x |
| Sun, 04 Feb 2024 | ₺2.2t | ₺1.0t | ₺435.3b | 3.4x | 5.1x | 2.1x |
| Tue, 02 Jan 2024 | ₺2.2t | ₺1.0t | ₺428.0b | 3.1x | 5.1x | 2.1x |
| Thu, 30 Nov 2023 | ₺2.1t | ₺1.0t | ₺428.0b | 3x | 4.9x | 2x |
| Sat, 28 Oct 2023 | ₺2.4t | ₺950.9b | ₺402.5b | 3.9x | 5.9x | 2.5x |
| Mon, 25 Sep 2023 | ₺2.0t | ₺909.8b | ₺383.9b | 3.9x | 5.2x | 2.2x |
| Wed, 23 Aug 2023 | ₺1.3t | ₺909.8b | ₺383.9b | 3x | 3.5x | 1.5x |
| Fri, 21 Jul 2023 | ₺1.0t | ₺822.0b | ₺364.9b | 2.8x | 2.9x | 1.3x |
| Sun, 18 Jun 2023 | ₺914.7b | ₺821.1b | ₺364.6b | 2.4x | 2.5x | 1.1x |
| Tue, 16 May 2023 | ₺809.8b | ₺794.3b | ₺360.0b | 2x | 2.2x | 1x |
Price to Earnings Ratio
2.2x
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 10.0x which is higher than its 3-year average PE of 7.7x.
- 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 Market | 3.01% | |
| Financials | -1.02% | |
| Banks | -1.03% | |
| Diversified Banks | -1.03% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.7x.
- Analysts are expecting annual earnings growth of 32.7%, which is lower than the prior year's growth of 46.0% per year.
- 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 7.7x.
Forecasted Growth
- Analysts are most optimistic on the Diversified 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 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| YKBNK Yapi ve Kredi Bankasi | ₺39.30 | 6.1% +₺19.1b | 62.5% | PB1.2x | |
| GARAN Turkiye Garanti Bankasi | ₺137.30 | 2.6% +₺14.7b | 35.7% | PB1.3x | |
| HALKB Türkiye Halk Bankasi | ₺39.76 | 5.1% +₺13.8b | 96.2% | PB1.3x | |
| AKBNK Akbank T.A.S | ₺75.25 | 2.8% +₺10.7b | 50.9% | PB1.3x | |
| SAHOL Haci Ömer Sabanci Holding | ₺100.00 | 4.5% +₺9.1b | 35.0% | PB0.5x |
