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Turkish (BIST) Tech Sector Analysis
UpdatedJul 22, 2026
DataAggregated Company Financials
Companies37
- 7D3.2%
- 3M41.0%
- 1Y100.6%
- YTD100.3%
The Tech industry is up 3.3% in the last week, with Odine Solutions Teknoloji Ticaret ve Sanayi up 6.3%. In the same time, Empa Elektronik Sanayi Ve Ticaret Anonim Sirketi was down 20%. In the last 12 months, the industry was up 100%. As for the next few years, earnings are expected to grow by 52% per annum.
Sector Valuation and Performance
Has the Turkish Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | ₺571.3b | ₺346.4b | ₺5.0b | 29.5x | 115.1x | 1.6x |
| Fri, 19 Jun 2026 | ₺535.5b | ₺347.3b | ₺5.4b | 28.9x | 98.9x | 1.5x |
| Sun, 17 May 2026 | ₺489.7b | ₺343.3b | ₺4.5b | 26.1x | 108.4x | 1.4x |
| Tue, 14 Apr 2026 | ₺392.6b | ₺341.4b | ₺4.8b | 22.4x | 82.2x | 1.2x |
| Thu, 12 Mar 2026 | ₺339.5b | ₺297.5b | ₺5.2b | 25.4x | 65.7x | 1.1x |
| Sat, 07 Feb 2026 | ₺286.0b | ₺279.6b | ₺6.8b | 25x | 42.1x | 1x |
| Mon, 05 Jan 2026 | ₺256.2b | ₺279.6b | ₺6.8b | 22.8x | 37.7x | 0.9x |
| Wed, 03 Dec 2025 | ₺249.6b | ₺278.7b | ₺7.0b | 22x | 35.4x | 0.9x |
| Fri, 31 Oct 2025 | ₺261.7b | ₺265.6b | ₺5.6b | 26.9x | 46.9x | 1x |
| Sun, 28 Sep 2025 | ₺272.7b | ₺265.0b | ₺5.7b | 25.3x | 48.3x | 1x |
| Tue, 26 Aug 2025 | ₺280.2b | ₺258.7b | ₺5.0b | 30.5x | 56.1x | 1.1x |
| Thu, 24 Jul 2025 | ₺255.4b | ₺256.7b | ₺4.9b | 23.8x | 52.4x | 1x |
| Sat, 21 Jun 2025 | ₺216.3b | ₺255.8b | ₺4.9b | 19.7x | 44.1x | 0.8x |
| Mon, 19 May 2025 | ₺240.4b | ₺254.0b | ₺6.1b | 24.6x | 39.1x | 0.9x |
| Wed, 16 Apr 2025 | ₺241.8b | ₺255.9b | ₺6.0b | 33.7x | 40.6x | 0.9x |
| Fri, 14 Mar 2025 | ₺255.2b | ₺255.4b | ₺5.8b | 31.9x | 44x | 1x |
| Sun, 09 Feb 2025 | ₺226.5b | ₺189.5b | ₺3.8b | 50x | 59.1x | 1.2x |
| Tue, 07 Jan 2025 | ₺235.4b | ₺189.5b | ₺3.8b | 46.2x | 61.4x | 1.2x |
| Thu, 05 Dec 2024 | ₺220.0b | ₺189.5b | ₺3.8b | 44.5x | 57.4x | 1.2x |
| Sat, 02 Nov 2024 | ₺225.5b | ₺192.9b | ₺4.3b | 42.2x | 52.4x | 1.2x |
| Mon, 30 Sep 2024 | ₺220.9b | ₺196.1b | ₺5.6b | 37.1x | 39.5x | 1.1x |
| Wed, 28 Aug 2024 | ₺245.1b | ₺203.2b | ₺7.0b | 33.7x | 34.9x | 1.2x |
| Fri, 26 Jul 2024 | ₺279.1b | ₺199.6b | ₺7.2b | 36x | 39x | 1.4x |
| Sun, 23 Jun 2024 | ₺284.4b | ₺199.8b | ₺7.2b | 36.2x | 39.7x | 1.4x |
| Tue, 21 May 2024 | ₺298.8b | ₺195.3b | ₺7.5b | 34.8x | 39.7x | 1.5x |
| Thu, 18 Apr 2024 | ₺315.9b | ₺158.7b | ₺8.1b | 38.6x | 38.9x | 2x |
| Sat, 16 Mar 2024 | ₺331.8b | ₺149.5b | ₺8.3b | 38.9x | 40.1x | 2.2x |
| Mon, 12 Feb 2024 | ₺308.8b | ₺140.3b | ₺8.9b | 33.1x | 34.8x | 2.2x |
| Wed, 10 Jan 2024 | ₺223.2b | ₺140.3b | ₺8.9b | 24.2x | 25.1x | 1.6x |
| Fri, 08 Dec 2023 | ₺240.2b | ₺140.7b | ₺8.9b | 28.6x | 26.9x | 1.7x |
| Sun, 05 Nov 2023 | ₺238.3b | ₺123.1b | ₺7.6b | 26.4x | 31.3x | 1.9x |
| Tue, 03 Oct 2023 | ₺250.2b | ₺118.8b | ₺7.5b | 25.5x | 33.3x | 2.1x |
| Thu, 31 Aug 2023 | ₺203.5b | ₺117.5b | ₺7.0b | 19.5x | 29x | 1.7x |
| Sat, 29 Jul 2023 | ₺180.6b | ₺103.3b | ₺6.1b | 18x | 29.7x | 1.7x |
Price to Earnings Ratio
29.7x
Current Industry PE
- Investors are optimistic on the Turkish Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 115x which is higher than its 3-year average PE of 48.9x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 6.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 50% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Turkish Tech sector?
| TR Market | 0.49% | |
| Tech | 3.24% | |
| IT | 5.59% | |
| Communications | 1.53% | |
| Software | 1.28% | |
| Electronic Equipment and Components | 1.03% | |
| Semiconductors | 0.62% | |
| Tech Hardware | 0.48% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 45.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings growth rate of 29% per year.
- In contrast, the Software industry is expected to see its earnings grow by 52% 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 | |
|---|---|---|---|---|---|
| ODINE Odine Solutions Teknoloji Ticaret ve Sanayi | ₺2.19k | 6.3% +₺14.4b | 1,843.2% | PE8528.6x | |
| ATATP ATP Yazilim ve Teknoloji Anonim Sirketi | ₺242.70 | 17.6% +₺3.4b | 178.2% | PE9.7x | |
| MANAS Manas Enerji Yonetimi Sanayi Ve Ticaret Anonim Sirketi | ₺34.00 | 15.3% +₺1.5b | 454.6% | PS23.3x | |
| SMRTG Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret | ₺11.81 | 6.4% +₺1.3b | 10.6% | PS2.2x | |
| ARDYZ Ard Grup Bilisim Teknolojileri Anonim Sirketi | ₺69.30 | 4.9% +₺1.0b | 131.6% | PE31.9x |