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Turkish (BIST) Software Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies8
  • 7D2.3%
  • 3M-2.6%
  • 1Y2.6%
  • YTD1.0%

Over the last 7 days, the Software industry has risen 2.3%, driven by gains from ATP Yazilim ve Teknoloji Anonim Sirketi of 9.1%. Meanwhile, MIA Teknoloji Anonim Sirketi actually underperformed within the industry, shrinking 5.0% in the last week. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 7.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026₺72.8b₺16.7b₺6.5b12.6x11.3x4.4x
Sun, 14 Dec 2025₺72.1b₺16.7b₺6.5b13x11.2x4.3x
Tue, 11 Nov 2025₺80.1b₺15.4b₺5.1b15.2x15.6x5.2x
Thu, 09 Oct 2025₺77.4b₺14.4b₺4.9b16x15.7x5.4x
Sat, 06 Sep 2025₺86.1b₺14.4b₺4.5b25.3x19x6x
Mon, 04 Aug 2025₺75.2b₺12.3b₺3.4b42.2x22.3x6.1x
Wed, 02 Jul 2025₺70.3b₺12.3b₺3.4b41.1x20.8x5.7x
Fri, 30 May 2025₺65.4b₺12.3b₺3.4b37.6x19.4x5.3x
Sun, 27 Apr 2025₺69.1b₺12.6b₺3.4b43.4x20.2x5.5x
Tue, 25 Mar 2025₺68.2b₺12.6b₺3.4b37.2x19.9x5.4x
Thu, 20 Feb 2025₺60.9b₺9.3b₺1.8b47.8x34.5x6.6x
Sat, 18 Jan 2025₺66.3b₺9.3b₺1.8b41.2x37.6x7.2x
Mon, 16 Dec 2024₺69.1b₺9.3b₺1.8b43.3x39.2x7.5x
Wed, 13 Nov 2024₺68.1b₺8.9b₺931.0m57.3x73.1x7.6x
Fri, 11 Oct 2024₺63.1b₺9.7b₺1.4b61.5x45.8x6.5x
Sun, 08 Sep 2024₺67.1b₺8.7b₺1.5b44.7x44.3x7.7x
Tue, 06 Aug 2024₺69.5b₺8.4b₺1.7b48.1x40.5x8.2x
Thu, 04 Jul 2024₺74.2b₺8.4b₺1.7b53.7x43.3x8.8x
Sat, 01 Jun 2024₺64.7b₺7.6b₺1.1b53.9x61.3x8.5x
Mon, 29 Apr 2024₺76.3b₺6.7b₺1.3b62x60.2x11.3x
Wed, 27 Mar 2024₺74.3b₺7.5b₺1.5b48.5x48.9x9.9x
Fri, 23 Feb 2024₺82.6b₺5.5b₺1.7b57.1x49.5x15x
Sun, 21 Jan 2024₺54.4b₺5.5b₺1.7b34.7x32.6x9.9x
Tue, 19 Dec 2023₺50.8b₺5.5b₺1.7b31.5x30.5x9.2x
Thu, 16 Nov 2023₺59.7b₺5.5b₺1.7b33x36x10.9x
Sat, 14 Oct 2023₺48.7b₺4.8b₺1.4b33.4x33.7x10.2x
Mon, 11 Sep 2023₺44.5b₺4.8b₺1.4b21.6x30.8x9.4x
Wed, 09 Aug 2023₺37.3b₺4.2b₺1.2b25x31.8x8.9x
Fri, 07 Jul 2023₺24.1b₺3.7b₺1.1b19.5x22.2x6.5x
Sun, 04 Jun 2023₺17.9b₺3.7b₺1.1b14.9x16.4x4.8x
Tue, 02 May 2023₺16.8b₺3.3b₺1.1b14.3x15.5x5x
Thu, 30 Mar 2023₺17.9b₺3.2b₺1.0b16x17.6x5.6x
Sat, 25 Feb 2023₺16.2b₺2.8b₺1.0b17x15.9x5.8x
Mon, 23 Jan 2023₺18.7b₺2.6b₺901.5m20.5x20.8x7.2x
Price to Earnings Ratio

20.8x


Total Market Cap: ₺18.7bTotal Earnings: ₺901.5mTotal Revenue: ₺2.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Software Industry Price to Earnings3Y Average 30.6x202420252026
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 11.3x which is lower than its 3-year average PE of 30.6x.
  • The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 93% per year over the last three years.
  • Revenues for these companies have grown 86% 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 Market3.21%
Tech2.56%
Software2.28%
Application Software2.28%
Systems Software0%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 30.6x.
    • Analysts are expecting annual earnings growth of 7.0%, which is lower than the prior year's growth of 138.8% per year.
  • Investors are most pessimistic about the Application Software industry, which is trading below its 3-year average of 30.6x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 7.0% over the next 5 years.
  • In contrast, the Application Software industry is expected to see its earnings grow by 7.0% 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
ATATP ATP Yazilim ve Teknoloji Anonim Sirketi₺159.0021.5%
+₺2.6b
40.0%PE9.1x
LOGO Logo Yazilim Sanayi ve Ticaret₺164.505.4%
+₺807.5m
44.3%PE12x
HTTBT Hitit Bilgisayar Hizmetleri₺44.565.8%
+₺732.0m
5.5%PE35.9x
LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret₺240.507.6%
+₺367.6m
-51.1%PE12.9x
KRONT Kron Teknoloji₺15.865.4%
+₺69.3m
-24.1%PE26.2x

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