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Turkish (BIST) Banks Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.7%
  • 3M16.0%
  • 1Y49.4%
  • YTD9.6%

Over the last 7 days, the Banks industry has dropped 1.7%, driven by Akbank T.A.S declining 9.8%. Over the past 12 months, the industry was up 49%. Looking forward, earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026₺4.4t₺1.7t₺416.4b7.5x10.7x2.6x
Tue, 06 Jan 2026₺4.1t₺1.6t₺401.7b7.1x10.1x2.5x
Thu, 04 Dec 2025₺4.1t₺1.6t₺401.7b7x10.3x2.5x
Sat, 01 Nov 2025₺3.9t₺1.5t₺371.0b6.8x10.4x2.5x
Mon, 29 Sep 2025₺3.8t₺1.5t₺355.3b7.5x10.6x2.5x
Wed, 27 Aug 2025₺4.8t₺1.5t₺355.3b8.3x13.6x3.3x
Fri, 25 Jul 2025₺3.7t₺1.4t₺333.1b8.3x11.1x2.7x
Sun, 22 Jun 2025₺2.8t₺1.4t₺333.1b6.5x8.3x2x
Tue, 20 May 2025₺2.8t₺1.4t₺333.1b6.3x8.3x2x
Thu, 17 Apr 2025₺2.7t₺1.3t₺308.2b6.1x8.8x2.1x
Sat, 15 Mar 2025₺3.4t₺1.3t₺308.2b7.2x10.9x2.6x
Mon, 10 Feb 2025₺3.0t₺1.2t₺333.8b6.3x8.9x2.6x
Wed, 08 Jan 2025₺3.1t₺1.1t₺356.1b6x8.6x2.7x
Fri, 06 Dec 2024₺3.0t₺1.1t₺356.1b5.8x8.6x2.7x
Sun, 03 Nov 2024₺2.7t₺1.1t₺366.6b4.6x7.4x2.4x
Tue, 01 Oct 2024₺3.1t₺1.2t₺400.0b5x7.8x2.7x
Thu, 29 Aug 2024₺3.2t₺1.2t₺415.5b4.7x7.7x2.7x
Sat, 27 Jul 2024₺3.2t₺1.1t₺416.2b5.5x7.7x2.9x
Mon, 24 Jun 2024₺3.3t₺1.1t₺416.2b5.7x7.9x2.9x
Wed, 22 May 2024₺3.5t₺1.1t₺418.5b5.5x8.4x3.1x
Fri, 19 Apr 2024₺2.6t₺1.1t₺398.6b4.6x6.5x2.4x
Sun, 17 Mar 2024₺2.3t₺1.0t₺436.5b3.1x5.3x2.2x
Tue, 13 Feb 2024₺2.3t₺1.0t₺435.3b3.6x5.3x2.2x
Thu, 11 Jan 2024₺2.3t₺1.0t₺428.0b3.4x5.4x2.3x
Sat, 09 Dec 2023₺2.0t₺1.0t₺428.0b3.2x4.7x2x
Mon, 06 Nov 2023₺2.4t₺970.1b₺410.6b4.7x5.9x2.5x
Wed, 04 Oct 2023₺2.5t₺909.8b₺383.9b4.1x6.4x2.7x
Fri, 01 Sep 2023₺1.5t₺909.8b₺383.9b3.1x3.8x1.6x
Sun, 30 Jul 2023₺1.1t₺857.5b₺379.1b3x3x1.3x
Tue, 27 Jun 2023₺938.6b₺821.1b₺364.6b2.5x2.6x1.1x
Thu, 25 May 2023₺720.1b₺821.1b₺364.6b1.9x2x0.9x
Sat, 22 Apr 2023₺830.7b₺727.7b₺338.5b2.2x2.5x1.1x
Mon, 20 Mar 2023₺801.0b₺727.7b₺338.5b2.4x2.4x1.1x
Wed, 15 Feb 2023₺630.2b₺673.7b₺315.9b2.7x2x0.9x
Price to Earnings Ratio

2x


Total Market Cap: ₺630.2bTotal Earnings: ₺315.9bTotal Revenue: ₺673.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Banks Industry Price to Earnings3Y Average 7.1x202420252026
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 10.7x which is higher than its 3-year average PE of 7.1x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 9.6% 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-1.51%
Financials-0.97%
Banks-1.68%
Diversified Banks-1.68%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 7.1x.
    • Analysts are expecting annual earnings growth of 34.3%, which is higher than its past year's earnings growth of 26.7% 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 7.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 27% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 34% 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
QNBTR QNB Bank₺298.002.7%
+₺42.6b		92.6%PB10.7x

Latest News

YKBNK
₺38.26
Yapi ve Kredi Bankasi
7D
-6.9%
1Y
31.7%
HALKB
₺43.42
Türkiye Halk Bankasi
7D
-0.4%
1Y
130.3%

HALKB: Higher Required Return Will Likely Restrain Future P/E Re-Rating Potential

Analysts have slightly reduced their price target on Türkiye Halk Bankasi, citing updated fair value and discount rate assumptions, along with a marginally stronger profit margin outlook and a modestly lower projected future P/E multiple. Valuation Changes Fair value: Adjusted slightly lower from TRY34.69 to TRY34.20.
GARAN
₺154.80
Turkiye Garanti Bankasi
7D
-4.0%
1Y
20.4%

GARAN: Higher Revenue Assumptions Will Be Outweighed By Weaker Profitability

Analysts have trimmed their price target for Turkiye Garanti Bankasi slightly, now pointing to a fair value that is marginally lower than before. This reflects updated assumptions around revenue growth, profit margin and future P/E multiples.
ALBRK
₺8.82
Albaraka Türk Katilim Bankasi
7D
-4.5%
1Y
32.6%
AKBNK
₺83.85
Akbank T.A.S
7D
-9.8%
1Y
32.0%
ISCTR
₺16.49
Türkiye Is Bankasi
7D
-1.0%
1Y
19.2%
SAHOL
₺103.40
Haci Ömer Sabanci Holding
7D
-5.6%
1Y
5.2%

SAHOL: Diversified Portfolio And Capital Allocation Will Support Higher Future P E Multiple

Narrative Update on Haci Ömer Sabanci Holding Analysts have nudged their price target for Haci Ömer Sabanci Holding higher to $159.34 from $156.91, citing a modestly lower discount rate, steady revenue growth assumptions, slightly adjusted profit margins, and a higher future P/E multiple in their updated models. Analyst Commentary Recent research on the broader equities space offers a useful backdrop for how analysts are thinking about valuation, execution risk, and growth when they reassess targets and ratings.
QNBTR
₺298.00
QNB Bank
7D
2.7%
1Y
92.6%
ICBCT
₺14.11
ICBC Turkey Bank
7D
-1.7%
1Y
7.6%