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Turkish (BIST) Banks Industry Analysis

UpdatedSep 22, 2026
DataAggregated Company Financials
Companies12
  • 7D-6.0%
  • 3M-16.4%
  • 1Y-15.6%
  • YTD-35.6%

Over the last 7 days, the Banks industry has dropped 6.0%, driven by a pullback from Enpara Bank of 19%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Sep 2026₺4.0t₺2.2t₺518.2b5.5x7.7x1.8x
Thu, 20 Aug 2026₺4.1t₺2.2t₺518.2b5.5x7.9x1.9x
Sat, 18 Jul 2026₺4.3t₺2.0t₺493.9b5.5x8.8x2.1x
Mon, 15 Jun 2026₺4.6t₺2.0t₺493.9b6x9.4x2.3x
Wed, 13 May 2026₺4.8t₺2.0t₺498.2b5.9x9.6x2.4x
Fri, 10 Apr 2026₺5.7t₺1.9t₺455.7b6.8x12.6x3.1x
Sun, 08 Mar 2026₺4.0t₺1.9t₺455.7b6.5x8.8x2.1x
Tue, 03 Feb 2026₺4.5t₺1.6t₺401.7b7.7x11.1x2.8x
Thu, 01 Jan 2026₺4.0t₺1.6t₺401.7b6.9x9.9x2.5x
Sat, 29 Nov 2025₺4.0t₺1.6t₺401.7b6.7x10x2.5x
Mon, 27 Oct 2025₺4.0t₺1.5t₺360.4b7.1x11.1x2.7x
Wed, 24 Sep 2025₺4.0t₺1.5t₺355.3b8x11.2x2.7x
Fri, 22 Aug 2025₺4.8t₺1.5t₺355.3b8.2x13.5x3.3x
Sun, 20 Jul 2025₺3.5t₺1.4t₺333.1b8.2x10.6x2.6x
Tue, 17 Jun 2025₺2.8t₺1.4t₺333.1b6.3x8.5x2.1x
Thu, 15 May 2025₺2.8t₺1.4t₺324.5b6.3x8.6x2.1x
Sat, 12 Apr 2025₺2.8t₺1.3t₺308.2b6.1x9x2.2x
Mon, 10 Mar 2025₺3.3t₺1.3t₺308.2b7x10.8x2.6x
Wed, 05 Feb 2025₺3.0t₺1.2t₺333.8b6.6x8.9x2.6x
Fri, 03 Jan 2025₺3.0t₺1.1t₺356.1b6x8.5x2.7x
Sun, 01 Dec 2024₺2.9t₺1.1t₺356.1b5.7x8.2x2.6x
Tue, 29 Oct 2024₺2.8t₺1.1t₺387.7b4.5x7.1x2.4x
Thu, 26 Sep 2024₺3.1t₺1.2t₺400.0b5.1x7.9x2.7x
Sat, 24 Aug 2024₺2.9t₺1.2t₺415.5b4.7x7x2.5x
Mon, 22 Jul 2024₺3.3t₺1.1t₺416.2b6x8x3x
Wed, 19 Jun 2024₺3.3t₺1.1t₺416.2b5.5x7.8x2.9x
Fri, 17 May 2024₺3.2t₺1.1t₺418.4b4.9x7.7x2.9x
Sun, 14 Apr 2024₺2.7t₺1.1t₺398.6b4.4x6.7x2.5x
Tue, 12 Mar 2024₺2.3t₺1.0t₺436.5b3.3x5.3x2.2x
Thu, 08 Feb 2024₺2.2t₺1.0t₺435.3b3.4x5x2.1x
Sat, 06 Jan 2024₺2.2t₺1.0t₺428.0b3.1x5.2x2.2x
Mon, 04 Dec 2023₺2.2t₺1.0t₺428.0b3.1x5x2.1x
Wed, 01 Nov 2023₺2.3t₺950.9b₺402.5b3.7x5.6x2.4x
Fri, 29 Sep 2023₺2.4t₺909.8b₺383.9b4x6.3x2.7x
Price to Earnings Ratio

6.3x


Total Market Cap: ₺2.4tTotal Earnings: ₺383.9bTotal Revenue: ₺909.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Banks Industry Price to Earnings3Y Average 8.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Turkish Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 8.5x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.8x.
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 34% 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-10.74%
Financials-12.31%
Banks-6.01%
Diversified Banks-6.01%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.5x.
    • Analysts expect its future annual earnings growth (35.4%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 35% 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 35% 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
GARAN Turkiye Garanti Bankasi₺133.904.8%
+₺25.6b		-8.6%PB1.2x
AKBNK Akbank T.A.S₺73.105.1%
+₺18.5b		10.8%PB1.2x
YKBNK Yapi ve Kredi Bankasi₺36.766.0%
+₺17.6b		5.1%PB1.1x
ISCTR Türkiye Is Bankasi₺13.511.1%
+₺3.8b		-9.0%PB0.7x
HALKB Türkiye Halk Bankasi₺46.581.1%
+₺3.6b		63.9%PB1.4x

Latest News

ENPRA
₺42.98
Enpara Bank
7D
-17.3%
1Y
n/a
YKBNK
₺36.76
Yapi ve Kredi Bankasi
7D
6.0%
1Y
5.1%
Narrative Update • Sep 17

YKBNK: Future Returns Will Reflect Stronger Margins And Lower Required Return

Analysts have trimmed their 12 month price target for Yapi ve Kredi Bankasi to TRY46.54 from TRY48.16, reflecting updated views on its fair value, a lower assumed future P/E multiple, and slightly higher margin expectations. What's in the News There are no recent publicly sourced news items provided for Yapi ve Kredi Bankasi as of 17 Sep 2026 based on the feeds supplied.
ISCTR
₺13.51
Türkiye Is Bankasi
7D
1.1%
1Y
-9.0%
Narrative Update • Sep 17

ISCTR: Bullish View Will Depend On Higher Future P/E Levels

Analysts have reduced their TRY 17.0 fair value estimate for Türkiye Is Bankasi to TRY 15.0, citing updated assumptions that include adjusted revenue growth expectations, a slightly lower discount rate, and revised profit margin and future P/E inputs. What’s in the News for Türkiye Is Bankasi No recent company specific news for Türkiye Is Bankasi is available from the provided sources as of 17 Sep 2026.
AKBNK
₺73.10
Akbank T.A.S
7D
5.1%
1Y
10.8%
Narrative Update • Sep 03

AKBNK: Revised Discount Rate And Lower P/E Multiple Will Support Future Upside Potential

Akbank T.A.S. has seen its consensus analyst price target trimmed from TRY120.40 to about TRY115.50 as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margin and forward P/E. What’s in the News for Akbank T.A.S. No recent company specific news items for Akbank T.A.S. have been provided in the available sources as of 3 Sep 2026.
GARAN
₺133.90
Turkiye Garanti Bankasi
7D
4.8%
1Y
-8.6%
Narrative Update • Sep 03

GARAN: Higher TRY Dividend And New Buy Rating Will Support Future Upside Potential

Analysts have nudged their fair value estimate for Turkiye Garanti Bankasi to TRY210.80 from TRY205.73, reflecting updated assumptions around the discount rate, expected revenue growth, profit margin and future P/E multiples. What's in the News There are no recent publicly sourced news items provided for Turkiye Garanti Bankasi as of 3 Sep 2026 based on the datasets available for this article.
HALKB
₺46.58
Türkiye Halk Bankasi
7D
1.1%
1Y
63.9%
ICBCT
₺16.70
ICBC Turkey Bank
7D
-7.7%
1Y
-5.1%
SAHOL
₺91.15
Haci Ömer Sabanci Holding
7D
0.9%
1Y
0.6%
VAKBN
₺34.04
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
7D
0.5%
1Y
24.3%
Narrative Update • Aug 10

VAKBN: Higher Required Return Will Still Support Attractive Future Upside Potential

Analysts have reset their price target for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi to TRY47.99 from TRY52.79, reflecting updated views on the discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi No major recent news items for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi were identified in the primary news feed as of 10 Aug 2026.
SKBNK
₺5.61
Sekerbank T.A.S
7D
-11.2%
1Y
-23.3%
ALBRK
₺8.60
Albaraka Türk Katilim Bankasi
7D
2.4%
1Y
4.4%
QNBTR
₺164.40
QNB Bank
7D
-7.1%
1Y
-43.8%