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Turkish (BIST) Banks Industry Analysis

UpdatedApr 22, 2024
DataAggregated Company Financials
Companies11
  • 7D1.9%
  • 3M22.9%
  • 1Y217.9%
  • YTD19.7%

The Banks industry is up 1.9% in the last week, with QNB Finansbank up 7.4%. In the last 12 months, the industry was up 218%. Looking forward, earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Apr 2024₺2.7t₺1.1t₺398.6b4.9x6.7x2.5x
Thu, 21 Mar 2024₺2.4t₺1.0t₺436.5b3.3x5.4x2.3x
Sat, 17 Feb 2024₺2.3t₺1.0t₺432.1b3.5x5.3x2.2x
Mon, 15 Jan 2024₺2.3t₺1.0t₺428.0b3.4x5.4x2.3x
Wed, 13 Dec 2023₺2.0t₺1.0t₺428.0b3.2x4.6x1.9x
Fri, 10 Nov 2023₺2.3t₺993.1b₺416.0b4.6x5.5x2.3x
Sun, 08 Oct 2023₺2.4t₺909.8b₺383.9b4.3x6.2x2.6x
Tue, 05 Sep 2023₺1.6t₺909.8b₺383.9b3.2x4.1x1.7x
Thu, 03 Aug 2023₺1.2t₺857.5b₺379.1b3x3.1x1.4x
Sat, 01 Jul 2023₺929.6b₺821.1b₺364.6b2.4x2.5x1.1x
Mon, 29 May 2023₺755.9b₺821.1b₺364.6b2x2.1x0.9x
Wed, 26 Apr 2023₺803.4b₺727.7b₺338.5b2.1x2.4x1.1x
Fri, 24 Mar 2023₺799.0b₺727.7b₺338.5b2.3x2.4x1.1x
Sun, 19 Feb 2023₺736.3b₺673.7b₺315.9b3.3x2.3x1.1x
Tue, 17 Jan 2023₺792.4b₺558.8b₺247.8b3.6x3.2x1.4x
Thu, 15 Dec 2022₺826.7b₺558.8b₺247.8b3.5x3.3x1.5x
Sat, 12 Nov 2022₺697.2b₺520.9b₺231.1b2.8x3x1.3x
Mon, 10 Oct 2022₺596.9b₺409.3b₺174.0b3x3.4x1.5x
Wed, 07 Sep 2022₺770.0b₺409.5b₺174.0b4.4x4.4x1.9x
Fri, 05 Aug 2022₺456.2b₺351.9b₺146.0b3.9x3.1x1.3x
Sun, 03 Jul 2022₺406.2b₺302.7b₺110.5b3.2x3.7x1.3x
Tue, 31 May 2022₺422.1b₺302.7b₺110.5b3.3x3.8x1.4x
Thu, 28 Apr 2022₺413.9b₺238.5b₺78.3b4.5x5.3x1.7x
Sat, 26 Mar 2022₺322.4b₺191.9b₺60.8b3.9x5.3x1.7x
Mon, 21 Feb 2022₺329.4b₺192.4b₺60.9b4.3x5.4x1.7x
Wed, 19 Jan 2022₺331.3b₺147.3b₺44.1b6.7x7.5x2.2x
Fri, 17 Dec 2021₺359.6b₺147.3b₺44.1b7.5x8.2x2.4x
Sun, 14 Nov 2021₺285.6b₺147.2b₺44.1b7.1x6.5x1.9x
Tue, 12 Oct 2021₺262.4b₺137.6b₺38.5b6.4x6.8x1.9x
Thu, 09 Sep 2021₺280.7b₺137.6b₺38.5b6.1x7.3x2x
Sat, 07 Aug 2021₺286.4b₺137.6b₺38.5b6.3x7.4x2.1x
Fri, 30 Apr 2021₺293.2b₺134.5b₺37.1b5x7.9x2.2x
Price to Earnings Ratio

7.9x


Total Market Cap: ₺293.2bTotal Earnings: ₺37.1bTotal Revenue: ₺134.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Banks Industry Price to Earnings3Y Average 4.9x202220232024
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 6.7x which is higher than its 3-year average PE of 4.9x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 121% per year over the last three years.
  • Revenues for these companies have grown 100% 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-0.33%
Financials1.34%
Banks1.94%
Diversified Banks1.94%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 4.9x.
    • Analysts are expecting annual earnings growth of 28.1%, which is higher than its past year's earnings growth of 19.2% 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 4.9x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 28% 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
QNBFB QNB Finansbank₺291.007.4%
+₺67.0b
609.8%PB11.9x
GARAN Turkiye Garanti Bankasi₺76.452.5%
+₺7.8b
171.3%PB1.3x
AKBNK Akbank T.A.S₺59.852.5%
+₺7.5b
238.5%PB1.5x
VAKBN Türkiye Vakiflar Bankasi Türk Anonim Ortakligi₺16.901.9%
+₺3.1b
80.2%PB1x
SAHOL Haci Ömer Sabanci Holding₺85.700.6%
+₺1.1b
111.7%PB0.8x
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Latest News

YKBNK

₺30.58

Yapi ve Kredi Bankasi

7D

-3.2%

1Y

201.0%

SKBNK

₺4.74

Sekerbank T.A.S

7D

0.9%

1Y

97.5%

VAKBN

₺16.90

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi

7D

1.9%

1Y

80.2%

AKBNK

₺59.85

Akbank T.A.S

7D

2.5%

1Y

238.5%

HALKB

₺14.77

Türkiye Halk Bankasi

7D

-5.3%

1Y

24.3%

SAHOL

₺85.70

Haci Ömer Sabanci Holding

7D

0.6%

1Y

111.7%

ISCTR

₺12.52

Türkiye Is Bankasi

7D

-1.5%

1Y

166.6%

QNBFB

₺291.00

QNB Finansbank

7D

7.4%

1Y

609.8%

GARAN

₺76.45

Turkiye Garanti Bankasi

7D

2.5%

1Y

171.3%

ALBRK

₺4.55

Albaraka Türk Katilim Bankasi

7D

0.7%

1Y

60.8%

ICBCT

₺16.35

ICBC Turkey Bank

7D

0.1%

1Y

123.4%