Narrative Update • Aug 21
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Turkish (BIST) Steel Industry Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies22
- 7D5.0%
- 3M2.2%
- 1Y37.4%
- YTDn/a
Over the last 7 days, the Steel industry has risen 5.0%, driven by gains from Kardemir Celik Sanayi of 25%. This means that the industry has gained 37% over the past year. Looking forward, earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Turkish Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | ₺882.5b | ₺734.9b | ₺27.8b | 35.2x | 31.8x | 1.2x |
| Tue, 28 Jul 2026 | ₺754.5b | ₺665.2b | ₺7.1b | 44.6x | 106.3x | 1.1x |
| Thu, 25 Jun 2026 | ₺739.1b | ₺664.7b | ₺7.2b | 42.3x | 102.9x | 1.1x |
| Sat, 23 May 2026 | ₺670.2b | ₺643.6b | ₺7.5b | 36.2x | 89.6x | 1x |
| Mon, 20 Apr 2026 | ₺593.7b | ₺636.6b | ₺3.4b | 48.5x | 174.6x | 0.9x |
| Wed, 18 Mar 2026 | ₺541.1b | ₺631.4b | ₺2.4b | 53x | 222.5x | 0.9x |
| Fri, 13 Feb 2026 | ₺604.0b | ₺567.6b | ₺16.4b | 41.2x | 36.8x | 1.1x |
| Sun, 11 Jan 2026 | ₺488.0b | ₺567.6b | ₺16.4b | 34x | 29.7x | 0.9x |
| Tue, 09 Dec 2025 | ₺475.4b | ₺567.6b | ₺16.4b | 33.3x | 29x | 0.8x |
| Thu, 06 Nov 2025 | ₺502.1b | ₺565.1b | ₺12.4b | 62.9x | 40.4x | 0.9x |
| Sat, 04 Oct 2025 | ₺504.3b | ₺550.0b | ₺11.9b | 39.3x | 42.5x | 0.9x |
| Mon, 01 Sep 2025 | ₺534.6b | ₺550.8b | ₺10.6b | 40x | 50.3x | 1x |
| Wed, 30 Jul 2025 | ₺468.4b | ₺551.6b | ₺11.2b | 22.3x | 41.6x | 0.8x |
| Fri, 27 Jun 2025 | ₺439.7b | ₺551.6b | ₺11.2b | 21.5x | 39.1x | 0.8x |
| Sun, 25 May 2025 | ₺430.3b | ₺551.3b | ₺15.0b | 19.8x | 28.6x | 0.8x |
| Tue, 22 Apr 2025 | ₺410.3b | ₺555.7b | ₺21.1b | 23.9x | 19.5x | 0.7x |
| Thu, 20 Mar 2025 | ₺433.6b | ₺554.6b | ₺21.0b | 23.3x | 20.7x | 0.8x |
| Sat, 15 Feb 2025 | ₺439.8b | ₺502.0b | ₺29.2b | 21.3x | 15x | 0.9x |
| Mon, 13 Jan 2025 | ₺455.3b | ₺501.3b | ₺34.4b | 19.4x | 13.2x | 0.9x |
| Wed, 11 Dec 2024 | ₺486.1b | ₺501.3b | ₺34.4b | 18.6x | 14.1x | 1x |
| Fri, 08 Nov 2024 | ₺447.1b | ₺501.4b | ₺37.3b | 26.8x | 12x | 0.9x |
| Sun, 06 Oct 2024 | ₺437.6b | ₺487.8b | ₺36.7b | 27.6x | 11.9x | 0.9x |
| Tue, 03 Sep 2024 | ₺439.0b | ₺493.1b | ₺35.9b | 24.6x | 12.2x | 0.9x |
| Thu, 01 Aug 2024 | ₺481.9b | ₺467.5b | ₺25.3b | 22.7x | 19.1x | 1x |
| Sat, 29 Jun 2024 | ₺485.7b | ₺467.5b | ₺25.3b | 24.1x | 19.2x | 1x |
| Mon, 27 May 2024 | ₺488.8b | ₺465.0b | ₺26.3b | 22.6x | 18.6x | 1.1x |
| Wed, 24 Apr 2024 | ₺446.0b | ₺381.7b | ₺15.9b | 27.6x | 28x | 1.2x |
| Fri, 22 Mar 2024 | ₺455.8b | ₺378.2b | ₺16.2b | 23.2x | 28.2x | 1.2x |
| Sun, 18 Feb 2024 | ₺503.3b | ₺318.7b | ₺5.8b | 20.4x | 86.1x | 1.6x |
| Tue, 16 Jan 2024 | ₺427.6b | ₺318.7b | ₺5.8b | 14.8x | 73.1x | 1.3x |
| Thu, 14 Dec 2023 | ₺394.0b | ₺318.7b | ₺5.8b | 13.3x | 67.4x | 1.2x |
| Sat, 11 Nov 2023 | ₺435.2b | ₺317.1b | ₺5.8b | 13.5x | 74.9x | 1.4x |
| Mon, 09 Oct 2023 | ₺494.2b | ₺300.7b | ₺7.4b | 19.2x | 67x | 1.6x |
| Wed, 06 Sep 2023 | ₺487.1b | ₺300.7b | ₺7.4b | 17.3x | 66x | 1.6x |
Price to Earnings Ratio
66x
Current Industry PE
- Investors are pessimistic on the Turkish Steel industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 31.8x which is lower than its 3-year average PE of 49.0x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Steel industry have grown 56% per year over the last three years.
- Revenues for these companies have grown 35% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Turkish Steel compare with similar industries?
| TR Market | 0.97% | |
| Materials | 2.49% | |
| Metals and Mining | 3.85% | |
| Steel | 5.03% | |
| Diversified Metals and Mining | 2.22% | |
| Gold | -1.10% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KARCL Kardemir Celik Sanayi | ₺143.00 | 25.2% +₺23.9b | n/a | PE138.3x | |
| EREGL Eregli Demir ve Çelik Fabrikalari T.A.S | ₺39.16 | 2.7% +₺7.1b | 31.1% | PE35.5x | |
| BRSAN Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret | ₺726.50 | 5.2% +₺5.1b | 42.5% | PE41.7x | |
| ISDMR Iskenderun Demir ve Çelik | ₺54.55 | 2.2% +₺3.5b | 36.2% | PE12.9x | |
| KRDMD Kardemir Karabük Demir Çelik Sanayi Ve Ticaret | ₺46.62 | 3.6% +₺1.9b | 58.6% | PE11.5x |