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Turkish (BIST) Software Industry Analysis
UpdatedJun 29, 2025
DataAggregated Company Financials
Companies8
- 7D4.5%
- 3M-11.6%
- 1Y-20.3%
- YTD-8.9%
Over the last 7 days, the Software industry has risen 4.5%, driven by gains in Hitit Bilgisayar Hizmetleri and Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret of 9.1% and 7.4%, respectively. During this same period, the Kron Teknoloji underperformed, falling 9.8%. In the past year, the industry is down 20%. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Turkish Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Jun 2025 | ₺66.2b | ₺12.3b | ₺3.4b | 39.8x | 19.6x | 5.4x |
| Wed, 28 May 2025 | ₺67.1b | ₺12.3b | ₺3.4b | 38x | 19.9x | 5.5x |
| Fri, 25 Apr 2025 | ₺68.5b | ₺12.6b | ₺3.4b | 42.6x | 20x | 5.4x |
| Sun, 23 Mar 2025 | ₺65.1b | ₺12.6b | ₺3.4b | 36.1x | 19x | 5.1x |
| Tue, 18 Feb 2025 | ₺61.3b | ₺9.3b | ₺1.8b | 48x | 34.8x | 6.6x |
| Thu, 16 Jan 2025 | ₺66.3b | ₺9.3b | ₺1.8b | 41.5x | 37.6x | 7.2x |
| Sat, 14 Dec 2024 | ₺69.1b | ₺9.3b | ₺1.8b | 43.3x | 39.2x | 7.5x |
| Mon, 11 Nov 2024 | ₺67.6b | ₺8.9b | ₺931.0m | 62x | 72.6x | 7.6x |
| Wed, 09 Oct 2024 | ₺60.8b | ₺9.0b | ₺1.3b | 56.2x | 45.2x | 6.8x |
| Fri, 06 Sep 2024 | ₺67.9b | ₺8.7b | ₺1.5b | 44.6x | 44.2x | 7.8x |
| Sun, 04 Aug 2024 | ₺75.0b | ₺8.4b | ₺1.7b | 50.2x | 43.8x | 8.9x |
| Tue, 02 Jul 2024 | ₺73.4b | ₺8.4b | ₺1.7b | 53.7x | 42.8x | 8.7x |
| Thu, 30 May 2024 | ₺63.4b | ₺7.6b | ₺1.1b | 53x | 60.1x | 8.3x |
| Sat, 27 Apr 2024 | ₺76.3b | ₺6.7b | ₺1.3b | 62x | 60.2x | 11.3x |
| Mon, 25 Mar 2024 | ₺77.9b | ₺7.5b | ₺1.5b | 49.3x | 51.3x | 10.4x |
| Wed, 21 Feb 2024 | ₺80.0b | ₺5.5b | ₺1.7b | 55.3x | 48x | 14.5x |
| Fri, 19 Jan 2024 | ₺53.7b | ₺5.5b | ₺1.7b | 33.1x | 32.2x | 9.8x |
| Sun, 17 Dec 2023 | ₺50.8b | ₺5.5b | ₺1.7b | 33.7x | 30.5x | 9.2x |
| Tue, 14 Nov 2023 | ₺57.5b | ₺5.5b | ₺1.7b | 31.6x | 34.7x | 10.5x |
| Thu, 12 Oct 2023 | ₺51.3b | ₺4.8b | ₺1.4b | 34.4x | 35.5x | 10.8x |
| Sat, 09 Sep 2023 | ₺44.5b | ₺4.8b | ₺1.4b | 21.6x | 30.8x | 9.4x |
| Mon, 07 Aug 2023 | ₺36.2b | ₺4.2b | ₺1.2b | 25.2x | 30.9x | 8.6x |
| Wed, 05 Jul 2023 | ₺23.0b | ₺3.7b | ₺1.1b | 18.2x | 21.1x | 6.2x |
| Fri, 02 Jun 2023 | ₺17.4b | ₺3.7b | ₺1.1b | 14.2x | 16x | 4.7x |
| Sun, 30 Apr 2023 | ₺16.8b | ₺3.3b | ₺1.1b | 14.3x | 15.5x | 5x |
| Tue, 28 Mar 2023 | ₺18.7b | ₺3.2b | ₺1.0b | 16.5x | 18.3x | 5.8x |
| Thu, 23 Feb 2023 | ₺15.7b | ₺2.8b | ₺1.0b | 16.3x | 15.3x | 5.6x |
| Sat, 21 Jan 2023 | ₺18.7b | ₺2.6b | ₺901.5m | 20.5x | 20.8x | 7.2x |
| Mon, 19 Dec 2022 | ₺20.0b | ₺2.6b | ₺901.5m | 24.2x | 22.1x | 7.7x |
| Wed, 16 Nov 2022 | ₺18.7b | ₺2.6b | ₺901.5m | 23x | 20.7x | 7.2x |
| Fri, 14 Oct 2022 | ₺12.9b | ₺1.9b | ₺691.7m | 18.4x | 18.7x | 6.9x |
| Sun, 11 Sep 2022 | ₺12.1b | ₺1.8b | ₺684.9m | 15.3x | 17.7x | 6.7x |
| Tue, 09 Aug 2022 | ₺11.4b | ₺1.5b | ₺522.8m | 19.6x | 21.8x | 7.4x |
| Thu, 07 Jul 2022 | ₺10.2b | ₺1.5b | ₺522.8m | 16.6x | 19.4x | 6.6x |
Price to Earnings Ratio
19.4x
Current Industry PE
- Investors are pessimistic on the Turkish Software 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 19.6x which is lower than its 3-year average PE of 31.2x.
- The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 86% 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 Tech industry?
| TR Market | 2.75% | |
| Tech | 3.67% | |
| Software | 4.45% | |
| Application Software | 4.45% | |
| Systems Software | 0% | 0 |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 31.2x.
- Analysts are expecting annual earnings growth of 14.5%, which is lower than the prior year's growth of 22.0% per year.
- Investors are most pessimistic about the Application Software industry, which is trading below its 3-year average of 31.2x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| LOGO Logo Yazilim Sanayi ve Ticaret | ₺159.00 | 17.6% +₺2.3b | 54.2% | PE13.9x | |
| LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret | ₺660.50 | 18.2% +₺2.2b | 10.1% | PE48.1x | |
| HTTBT Hitit Bilgisayar Hizmetleri | ₺40.82 | 12.8% +₺1.4b | 42.7% | PE41.1x | |
| MIATK MIA Teknoloji Anonim Sirketi | ₺28.78 | 7.4% +₺978.1m | -51.5% | PE10.3x | |
| ATATP ATP Yazilim ve Teknoloji Anonim Sirketi | ₺84.70 | 13.7% +₺956.3m | -36.4% | PE21.5x |