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Turkish (BIST) Banks Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies10
- 7D-1.1%
- 3M36.9%
- 1Y25.5%
- YTD29.5%
Over the last 7 days, the Banks industry has dropped 1.1%, driven by QNB Bank declining 1.8%. Meanwhile, Türkiye Halk Bankasi actually outperformed within the industry, gaining 9.4% in the last week. This takes the industry's 12 month performance to a gain of 26%. Earnings are forecast to grow by 36% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Sep 2025 | ₺3.9t | ₺1.5t | ₺355.3b | 7.9x | 11.1x | 2.7x |
| Sat, 23 Aug 2025 | ₺4.8t | ₺1.5t | ₺355.3b | 8.2x | 13.6x | 3.3x |
| Mon, 21 Jul 2025 | ₺3.5t | ₺1.4t | ₺333.1b | 8.2x | 10.6x | 2.6x |
| Wed, 18 Jun 2025 | ₺2.8t | ₺1.4t | ₺333.1b | 6.4x | 8.4x | 2x |
| Fri, 16 May 2025 | ₺2.7t | ₺1.4t | ₺324.5b | 6.1x | 8.4x | 2x |
| Sun, 13 Apr 2025 | ₺2.8t | ₺1.3t | ₺308.2b | 6.1x | 9x | 2.2x |
| Tue, 11 Mar 2025 | ₺3.3t | ₺1.3t | ₺308.2b | 7.1x | 10.7x | 2.6x |
| Thu, 06 Feb 2025 | ₺3.1t | ₺1.2t | ₺333.8b | 6.5x | 9.1x | 2.6x |
| Sat, 04 Jan 2025 | ₺3.0t | ₺1.1t | ₺356.1b | 6.1x | 8.5x | 2.7x |
| Mon, 02 Dec 2024 | ₺2.9t | ₺1.1t | ₺356.1b | 5.7x | 8.2x | 2.6x |
| Wed, 30 Oct 2024 | ₺2.8t | ₺1.1t | ₺387.7b | 4.5x | 7.1x | 2.4x |
| Fri, 27 Sep 2024 | ₺3.2t | ₺1.2t | ₺400.0b | 5.1x | 7.9x | 2.7x |
| Sun, 25 Aug 2024 | ₺2.9t | ₺1.2t | ₺415.5b | 4.7x | 7x | 2.5x |
| Tue, 23 Jul 2024 | ₺3.3t | ₺1.1t | ₺416.2b | 5.8x | 7.9x | 2.9x |
| Thu, 20 Jun 2024 | ₺3.3t | ₺1.1t | ₺416.2b | 5.5x | 7.8x | 2.9x |
| Sat, 18 May 2024 | ₺3.3t | ₺1.1t | ₺418.4b | 5x | 7.9x | 2.9x |
| Mon, 15 Apr 2024 | ₺2.7t | ₺1.1t | ₺398.6b | 4.4x | 6.7x | 2.5x |
| Wed, 13 Mar 2024 | ₺2.4t | ₺1.0t | ₺436.5b | 3.4x | 5.5x | 2.3x |
| Fri, 09 Feb 2024 | ₺2.2t | ₺1.0t | ₺435.3b | 3.4x | 5x | 2.1x |
| Sun, 07 Jan 2024 | ₺2.2t | ₺1.0t | ₺428.0b | 3.1x | 5.2x | 2.2x |
| Tue, 05 Dec 2023 | ₺2.1t | ₺1.0t | ₺428.0b | 3.2x | 4.9x | 2.1x |
| Thu, 02 Nov 2023 | ₺2.4t | ₺950.9b | ₺402.5b | 3.7x | 5.9x | 2.5x |
| Sat, 30 Sep 2023 | ₺2.6t | ₺909.8b | ₺383.9b | 4.1x | 6.7x | 2.8x |
| Mon, 28 Aug 2023 | ₺1.5t | ₺909.8b | ₺383.9b | 3.1x | 3.9x | 1.6x |
| Wed, 26 Jul 2023 | ₺1.0t | ₺828.6b | ₺364.4b | 2.7x | 2.8x | 1.2x |
| Fri, 23 Jun 2023 | ₺886.9b | ₺821.1b | ₺364.6b | 2.3x | 2.4x | 1.1x |
| Sun, 21 May 2023 | ₺749.4b | ₺807.5b | ₺362.1b | 2x | 2.1x | 0.9x |
| Tue, 18 Apr 2023 | ₺796.6b | ₺727.7b | ₺338.5b | 2.2x | 2.4x | 1.1x |
| Thu, 16 Mar 2023 | ₺808.5b | ₺727.7b | ₺338.5b | 2.4x | 2.4x | 1.1x |
| Sat, 11 Feb 2023 | ₺630.2b | ₺673.7b | ₺315.9b | 2.7x | 2x | 0.9x |
| Mon, 09 Jan 2023 | ₺837.2b | ₺558.8b | ₺247.8b | 3.6x | 3.4x | 1.5x |
| Wed, 07 Dec 2022 | ₺784.8b | ₺553.8b | ₺247.8b | 3.4x | 3.2x | 1.4x |
| Fri, 04 Nov 2022 | ₺667.4b | ₺475.1b | ₺215.8b | 3.3x | 3.1x | 1.4x |
| Sun, 02 Oct 2022 | ₺555.3b | ₺409.3b | ₺174.0b | 2.9x | 3.2x | 1.4x |
Price to Earnings Ratio
3.2x
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 11.1x which is higher than its 3-year average PE of 6.2x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 53% 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 | 0.76% | |
| Financials | -1.59% | |
| Banks | -1.14% | |
| Diversified Banks | -1.14% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 6.2x.
- Analysts are expecting annual earnings growth of 36.0%, which is higher than its past year's earnings growth of 3.2% 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 6.2x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 3.2% per year.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HALKB Türkiye Halk Bankasi | ₺28.72 | 12.2% +₺22.4b | 67.0% | PB1.1x | |
| YKBNK Yapi ve Kredi Bankasi | ₺34.54 | 3.0% +₺8.6b | 11.0% | PB1.3x | |
| VAKBN Türkiye Vakiflar Bankasi Türk Anonim Ortakligi | ₺27.38 | 1.0% +₺2.6b | 18.2% | PB1.1x | |
| ISCTR Türkiye Is Bankasi | ₺14.55 | 0.7% +₺2.5b | 2.2% | PB1x | |
| ALBRK Albaraka Türk Katilim Bankasi | ₺8.24 | 0.6% +₺125.0m | 32.7% | PB0.9x |