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Turkish (BIST) Tech Sector Analysis
UpdatedApr 20, 2026
DataAggregated Company Financials
Companies37
- 7D2.9%
- 3M29.0%
- 1Y47.9%
- YTD41.8%
In the last week, the Tech industry is up 2.9%, with Netcad Yazilim Anonim Sirketi leading the way, up 9.1%. This means that the industry has gained 48% over the past year. In the next few years, earnings are forecast to decline by 8.6% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 20 Apr 2026 | ₺404.4b | ₺341.4b | ₺4.8b | 22.4x | 84.6x | 1.2x |
| Wed, 18 Mar 2026 | ₺346.2b | ₺310.7b | ₺5.3b | 24.5x | 65.2x | 1.1x |
| Fri, 13 Feb 2026 | ₺301.9b | ₺282.1b | ₺7.7b | 23.7x | 39.1x | 1.1x |
| Sun, 11 Jan 2026 | ₺257.9b | ₺279.6b | ₺6.8b | 22.6x | 38x | 0.9x |
| Tue, 09 Dec 2025 | ₺257.6b | ₺278.7b | ₺7.0b | 22.7x | 36.6x | 0.9x |
| Thu, 06 Nov 2025 | ₺270.1b | ₺271.0b | ₺5.3b | 28.3x | 50.6x | 1x |
| Sat, 04 Oct 2025 | ₺259.5b | ₺265.0b | ₺5.7b | 24.6x | 45.9x | 1x |
| Mon, 01 Sep 2025 | ₺274.3b | ₺263.6b | ₺5.0b | 29.2x | 55.1x | 1x |
| Wed, 30 Jul 2025 | ₺257.3b | ₺256.7b | ₺4.9b | 24.5x | 52.8x | 1x |
| Fri, 27 Jun 2025 | ₺223.1b | ₺255.8b | ₺4.9b | 20.5x | 45.5x | 0.9x |
| Sun, 25 May 2025 | ₺235.2b | ₺255.8b | ₺5.1b | 22.4x | 46.1x | 0.9x |
| Tue, 22 Apr 2025 | ₺237.3b | ₺255.9b | ₺6.0b | 31.5x | 39.9x | 0.9x |
| Thu, 20 Mar 2025 | ₺230.8b | ₺255.9b | ₺6.0b | 25.7x | 38.8x | 0.9x |
| Sat, 15 Feb 2025 | ₺252.5b | ₺199.4b | ₺6.4b | 47.3x | 39.2x | 1.3x |
| Mon, 13 Jan 2025 | ₺235.1b | ₺189.4b | ₺3.9b | 47x | 60.8x | 1.2x |
| Wed, 11 Dec 2024 | ₺226.7b | ₺189.5b | ₺3.8b | 43.5x | 59.2x | 1.2x |
| Fri, 08 Nov 2024 | ₺211.7b | ₺193.1b | ₺4.2b | 41.2x | 50.6x | 1.1x |
| Sun, 06 Oct 2024 | ₺208.2b | ₺199.5b | ₺4.2b | 35.5x | 49.1x | 1x |
| Tue, 03 Sep 2024 | ₺254.2b | ₺203.2b | ₺7.0b | 39.4x | 36.3x | 1.3x |
| Thu, 01 Aug 2024 | ₺283.5b | ₺199.6b | ₺7.2b | 35.9x | 39.6x | 1.4x |
| Sat, 29 Jun 2024 | ₺274.5b | ₺199.6b | ₺7.2b | 34.6x | 38.3x | 1.4x |
| Mon, 27 May 2024 | ₺290.0b | ₺198.3b | ₺6.9b | 36.8x | 42.1x | 1.5x |
| Wed, 24 Apr 2024 | ₺330.1b | ₺158.7b | ₺8.1b | 39.9x | 40.7x | 2.1x |
| Fri, 22 Mar 2024 | ₺322.0b | ₺149.5b | ₺8.3b | 37.6x | 38.9x | 2.2x |
| Sun, 18 Feb 2024 | ₺324.4b | ₺143.3b | ₺9.0b | 35.2x | 36.2x | 2.3x |
| Tue, 16 Jan 2024 | ₺232.3b | ₺140.3b | ₺8.9b | 25.5x | 26.2x | 1.7x |
| Thu, 14 Dec 2023 | ₺220.3b | ₺140.7b | ₺8.9b | 25.4x | 24.7x | 1.6x |
| Sat, 11 Nov 2023 | ₺250.2b | ₺136.2b | ₺8.0b | 26.2x | 31.2x | 1.8x |
| Mon, 09 Oct 2023 | ₺259.4b | ₺118.8b | ₺7.5b | 30x | 34.5x | 2.2x |
| Wed, 06 Sep 2023 | ₺221.8b | ₺117.6b | ₺7.0b | 20.1x | 31.6x | 1.9x |
| Fri, 04 Aug 2023 | ₺207.1b | ₺104.4b | ₺6.3b | 18.4x | 33x | 2x |
| Sun, 02 Jul 2023 | ₺125.4b | ₺102.9b | ₺6.0b | 13.4x | 20.9x | 1.2x |
| Tue, 30 May 2023 | ₺117.8b | ₺107.3b | ₺6.8b | 12.4x | 17.4x | 1.1x |
| Thu, 27 Apr 2023 | ₺96.2b | ₺88.5b | ₺5.4b | 13.6x | 17.9x | 1.1x |
Price to Earnings Ratio
17.9x
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 84.6x which is higher than its 3-year average PE of 41.8x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 3.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 57% 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 | 2.18% | |
| Tech | 2.86% | |
| Electronic Equipment and Components | 8.62% | |
| Software | 4.56% | |
| Communications | 3.57% | |
| Tech Hardware | 2.19% | |
| Semiconductors | -0.17% | |
| IT | -0.18% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 34.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Software industry since they expect its earnings to decline by only 8.6% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 43% per year.
- In contrast, the Software industry is expected to see its earnings decline by 8.6% 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 | |
|---|---|---|---|---|---|
| NETCD Netcad Yazilim Anonim Sirketi | ₺144.50 | 9.1% +₺1.6b | n/a | PE22.8x | |
| EDATA E-Data Teknoloji Pazarlama Anonim Sirketi | ₺24.70 | 17.8% +₺1.6b | 490.9% | PS4.3x | |
| PATEK Pasifik Teknoloji | ₺21.80 | 8.6% +₺1.2b | 37.9% | PE12.6x | |
| INGRM Ingram Micro Bilisim Sistemleri Anonim Sirketi | ₺432.00 | 8.9% +₺846.0m | 8.9% | PS0.4x | |
| REEDR Reeder Teknoloji Sanayi ve Ticaret Anonim Sirketi | ₺8.40 | 11.4% +₺817.0m | -29.2% | PS5.4x |