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Turkish (BIST) Banks Industry Analysis

UpdatedAug 08, 2026
DataAggregated Company Financials
Companies11
  • 7D0.5%
  • 3M-16.6%
  • 1Y-36.8%
  • YTD-33.2%

Over the last 7 days, the Banks industry has remained flat, although notably Akbank T.A.S gained 6.3%. Unfortunately though, the industry is down 37% over the past 12 months. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Aug 2026₺4.1t₺2.1t₺494.4b5.3x8.4x1.9x
Mon, 06 Jul 2026₺4.6t₺2.0t₺493.9b6.1x9.4x2.3x
Wed, 03 Jun 2026₺4.6t₺2.0t₺487.4b5.5x9.5x2.3x
Fri, 01 May 2026₺5.0t₺1.9t₺461.1b6.4x10.8x2.6x
Sun, 29 Mar 2026₺3.8t₺1.9t₺455.7b6x8.4x2.1x
Tue, 24 Feb 2026₺4.6t₺1.8t₺450.4b7.7x10.1x2.6x
Thu, 22 Jan 2026₺4.3t₺1.6t₺401.7b7.3x10.6x2.6x
Sat, 20 Dec 2025₺4.0t₺1.6t₺401.7b7x9.9x2.5x
Mon, 17 Nov 2025₺3.8t₺1.6t₺401.7b6.1x9.4x2.3x
Wed, 15 Oct 2025₺3.7t₺1.5t₺355.3b6.3x10.5x2.5x
Fri, 12 Sep 2025₺4.0t₺1.5t₺355.3b7.4x11.3x2.7x
Sun, 10 Aug 2025₺5.4t₺1.5t₺350.9b8.1x15.3x3.7x
Tue, 08 Jul 2025₺3.2t₺1.4t₺333.1b7.9x9.5x2.3x
Thu, 05 Jun 2025₺2.8t₺1.4t₺333.1b6.4x8.4x2x
Sat, 03 May 2025₺2.6t₺1.3t₺313.9b5.7x8.3x2x
Mon, 31 Mar 2025₺3.1t₺1.3t₺308.2b6.4x9.9x2.4x
Wed, 26 Feb 2025₺3.0t₺1.2t₺324.7b7.2x9.3x2.5x
Fri, 24 Jan 2025₺3.2t₺1.1t₺356.1b6.4x8.9x2.8x
Sun, 22 Dec 2024₺2.9t₺1.1t₺356.1b5.7x8.2x2.6x
Tue, 19 Nov 2024₺2.9t₺1.1t₺356.1b5.4x8.1x2.5x
Thu, 17 Oct 2024₺2.8t₺1.2t₺400.0b4.5x7.1x2.5x
Sat, 14 Sep 2024₺3.0t₺1.2t₺400.0b4.6x7.6x2.6x
Mon, 12 Aug 2024₺2.8t₺1.2t₺411.6b4.6x6.7x2.4x
Wed, 10 Jul 2024₺3.2t₺1.1t₺416.2b5.5x7.7x2.8x
Fri, 07 Jun 2024₺3.1t₺1.1t₺419.3b5.5x7.4x2.7x
Sun, 05 May 2024₺3.2t₺1.1t₺405.3b4.8x8x2.9x
Tue, 02 Apr 2024₺2.5t₺1.0t₺436.5b3.7x5.7x2.4x
Thu, 29 Feb 2024₺2.3t₺1.0t₺436.3b3.2x5.2x2.2x
Sat, 27 Jan 2024₺2.2t₺1.0t₺428.0b3.4x5.2x2.2x
Mon, 25 Dec 2023₺2.3t₺1.0t₺428.0b3.3x5.3x2.2x
Wed, 22 Nov 2023₺2.3t₺1.0t₺428.0b2.8x5.3x2.2x
Fri, 20 Oct 2023₺2.3t₺909.8b₺383.9b3.9x6x2.5x
Sun, 17 Sep 2023₺1.8t₺909.8b₺383.9b3.7x4.7x2x
Tue, 15 Aug 2023₺1.3t₺911.6b₺383.5b3.2x3.4x1.5x
Price to Earnings Ratio

3.4x


Total Market Cap: ₺1.3tTotal Earnings: ₺383.5bTotal Revenue: ₺911.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Banks Industry Price to Earnings3Y Average 8.3x202420252026
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 8.3x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 8.8% per year over the last three years.
  • Revenues for these companies have grown 33% 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 Market1.15%
Financials-0.89%
Banks0.50%
Diversified Banks0.50%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.3x.
    • Analysts expect its future annual earnings growth (36.3%) 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 8.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 36% 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 36% 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₺67.406.3%
+₺20.8b		-0.7%PB1.1x
GARAN Turkiye Garanti Bankasi₺127.002.9%
+₺15.1b		-13.3%PB1.1x
VAKBN Türkiye Vakiflar Bankasi Türk Anonim Ortakligi₺30.745.2%
+₺15.1b		6.8%PB0.9x
ENPRA Enpara Bank₺59.101.9%
+₺13.7b		n/aPB35.8x
YKBNK Yapi ve Kredi Bankasi₺34.023.8%
+₺10.6b		1.6%PB1x

Latest News

ISCTR
₺12.36
Türkiye Is Bankasi
7D
-0.9%
1Y
-17.1%
GARAN
₺127.00
Turkiye Garanti Bankasi
7D
2.9%
1Y
-13.3%
Narrative Update • Aug 04

GARAN: Recent Upgrade And Board Actions Will Support Bullish Reassessment

Analysts have trimmed their fair value estimate for Turkiye Garanti Bankasi from TRY 155 to TRY 143, while still highlighting the recent upgrade to Buy and the TRY 161 price target as they reassess long term return on equity expectations for Turkey banks. What's in the News Turkiye Garanti Bankasi has scheduled a board meeting for May 7, 2026, with an agenda item to consider task allocation for Investor Relations.
QNBTR
₺197.00
QNB Bank
7D
-4.8%
1Y
-63.7%
YKBNK
₺34.02
Yapi ve Kredi Bankasi
7D
3.8%
1Y
1.6%
Narrative Update • Aug 03

YKBNK: Softer Assumptions Will Still Support A Constructive Future Outlook

Analysts have trimmed their price target for Yapi ve Kredi Bankasi from TRY 58.3 to TRY 55.6, citing slightly softer assumptions for revenue growth, profit margins and future P/E, while keeping the overall risk profile broadly similar. What’s in the News for Yapi ve Kredi Bankasi No recent company specific news items were available from the provided sources as of 29 Jul 2026.
AKBNK
₺67.40
Akbank T.A.S
7D
6.3%
1Y
-0.7%
Narrative Update • Jul 30

AKBNK: ROE Uncertainty In 2026 May Drive Bullish Repricing

Analysts have nudged their Akbank T.A.S. price target lower to TRY 77.00 from TRY 80.36, reflecting more selective sector views and concerns around downside risk to 2026 return on equity expectations. What's in the News Analysts revised their Akbank T.A.S. price target to TRY 77.00 from TRY 80.36, citing a more selective view on the banking sector and higher perceived downside risk to 2026 return on equity expectations.
ALBRK
₺8.35
Albaraka Türk Katilim Bankasi
7D
5.3%
1Y
-7.4%
SKBNK
₺6.09
Sekerbank T.A.S
7D
-12.6%
1Y
4.8%
ICBCT
₺21.88
ICBC Turkey Bank
7D
4.1%
1Y
39.6%
VAKBN
₺30.74
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
7D
5.2%
1Y
6.8%
Narrative Update • Jul 22

VAKBN: Fair Value View Will Depend On Margins And Future P E Multiples

Analysts have revised their price target on Türkiye Vakiflar Bankasi Türk Anonim Ortakligi from TRY 32.60 to TRY 30.80, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E in their valuation work. What's in the News No recent news items for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi were identified in the provided sources.
SAHOL
₺88.05
Haci Ömer Sabanci Holding
7D
4.2%
1Y
-9.3%
HALKB
₺37.02
Türkiye Halk Bankasi
7D
-1.1%
1Y
33.5%
Narrative Update • Jul 10

HALKB: Higher Margin Outlook Will Likely Fail To Justify Rich P/E

Analysts have revised their price target on Türkiye Halk Bankasi to TRY 22.80 from TRY 17.73, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for Türkiye Halk Bankasi No recent company specific news on Türkiye Halk Bankasi is available from the provided sources.
ENPRA
₺59.10
Enpara Bank
7D
1.9%
1Y
n/a