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Turkish (BIST) Application Software Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies8
- 7D5.8%
- 3M40.3%
- 1Y27.4%
- YTDn/a
Over the last 7 days, the Application Software industry has risen 5.8%, driven by gains from every company within the industry. This means that the industry has gained 27% over the past year. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Turkish Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | ₺89.5b | ₺14.4b | ₺4.9b | 25.4x | 18.2x | 6.2x |
| Sat, 16 Aug 2025 | ₺80.6b | ₺12.4b | ₺3.4b | 43.5x | 23.7x | 6.5x |
| Mon, 14 Jul 2025 | ₺72.0b | ₺12.3b | ₺3.4b | 41.6x | 21.3x | 5.9x |
| Wed, 11 Jun 2025 | ₺70.3b | ₺12.3b | ₺3.4b | 40.5x | 20.8x | 5.7x |
| Fri, 09 May 2025 | ₺67.7b | ₺12.6b | ₺3.4b | 43.8x | 19.7x | 5.3x |
| Sun, 06 Apr 2025 | ₺74.5b | ₺12.6b | ₺3.4b | 43.5x | 21.7x | 5.9x |
| Tue, 04 Mar 2025 | ₺61.3b | ₺9.8b | ₺1.8b | 42.4x | 34.5x | 6.3x |
| Thu, 30 Jan 2025 | ₺65.0b | ₺9.3b | ₺1.8b | 51.7x | 36.8x | 7x |
| Sat, 28 Dec 2024 | ₺67.9b | ₺9.3b | ₺1.8b | 41.3x | 38.5x | 7.3x |
| Mon, 25 Nov 2024 | ₺63.1b | ₺9.4b | ₺1.7b | 38.6x | 37.8x | 6.7x |
| Wed, 23 Oct 2024 | ₺63.0b | ₺9.7b | ₺1.4b | 58.8x | 45.7x | 6.5x |
| Fri, 20 Sep 2024 | ₺65.7b | ₺9.0b | ₺1.4b | 44.5x | 46.2x | 7.3x |
| Sun, 18 Aug 2024 | ₺69.7b | ₺8.8b | ₺1.6b | 47.8x | 42.9x | 8x |
| Tue, 16 Jul 2024 | ₺76.2b | ₺8.4b | ₺1.7b | 56x | 44.4x | 9x |
| Thu, 13 Jun 2024 | ₺66.9b | ₺8.3b | ₺1.6b | 51.1x | 40.8x | 8x |
| Sat, 11 May 2024 | ₺73.1b | ₺7.4b | ₺1.1b | 60.8x | 65.2x | 9.9x |
| Mon, 08 Apr 2024 | ₺77.5b | ₺7.5b | ₺1.5b | 50.3x | 51x | 10.3x |
| Wed, 06 Mar 2024 | ₺82.0b | ₺5.6b | ₺1.7b | 50.5x | 49x | 14.7x |
| Fri, 02 Feb 2024 | ₺63.8b | ₺5.5b | ₺1.7b | 41.4x | 38.3x | 11.6x |
| Sun, 31 Dec 2023 | ₺50.4b | ₺5.5b | ₺1.7b | 33.5x | 30.2x | 9.2x |
| Tue, 28 Nov 2023 | ₺57.0b | ₺5.5b | ₺1.7b | 37.1x | 34.2x | 10.4x |
| Thu, 26 Oct 2023 | ₺48.9b | ₺4.8b | ₺1.4b | 30.3x | 33.8x | 10.3x |
| Sat, 23 Sep 2023 | ₺56.2b | ₺4.8b | ₺1.4b | 24.3x | 38.9x | 11.8x |
| Mon, 21 Aug 2023 | ₺35.8b | ₺4.7b | ₺1.5b | 20.1x | 24.7x | 7.5x |
| Wed, 19 Jul 2023 | ₺31.8b | ₺4.1b | ₺1.2b | 20.8x | 27.4x | 7.8x |
| Fri, 16 Jun 2023 | ₺19.6b | ₺3.7b | ₺1.1b | 15.6x | 18x | 5.3x |
| Sun, 14 May 2023 | ₺15.7b | ₺3.7b | ₺1.1b | 14.8x | 14.4x | 4.3x |
| Tue, 11 Apr 2023 | ₺17.8b | ₺3.2b | ₺1.0b | 15.7x | 17.4x | 5.5x |
| Thu, 09 Mar 2023 | ₺17.2b | ₺3.2b | ₺1.0b | 16.1x | 16.9x | 5.4x |
| Sat, 04 Feb 2023 | ₺16.7b | ₺2.8b | ₺1.0b | 18.5x | 16.3x | 6x |
| Mon, 02 Jan 2023 | ₺20.4b | ₺2.6b | ₺901.5m | 24.6x | 22.7x | 7.8x |
| Wed, 30 Nov 2022 | ₺20.1b | ₺2.6b | ₺901.5m | 23.9x | 22.3x | 7.7x |
| Fri, 28 Oct 2022 | ₺14.4b | ₺2.2b | ₺774.9m | 25.7x | 18.5x | 6.5x |
| Sun, 25 Sep 2022 | ₺11.8b | ₺1.9b | ₺691.7m | 15.6x | 17x | 6.3x |
Price to Earnings Ratio
17x
Current Industry PE
- Investors are pessimistic on the Turkish Application 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 18.2x which is lower than its 3-year average PE of 31.3x.
- The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 92% per year over the last three years.
- Revenues for these companies have grown 97% 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 Application Software compare with similar industries?
| TR Market | 3.20% | |
| Tech | 5.47% | |
| Software | 5.80% | |
| Application Software | 5.80% | |
| Systems Software | 0% | 0 |
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 | |
|---|---|---|---|---|---|
| ATATP ATP Yazilim ve Teknoloji Anonim Sirketi | ₺152.70 | 17.5% +₺2.1b | 50.1% | PE11.1x | |
| MIATK MIA Teknoloji Anonim Sirketi | ₺45.40 | 8.1% +₺1.7b | 1.4% | PE12.8x | |
| LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret | ₺675.50 | 5.8% +₺804.8m | 9.7% | PE35.4x | |
| FORTE Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi | ₺71.55 | 6.7% +₺301.5m | 38.8% | PS3.1x | |
| KRONT Kron Teknoloji | ₺19.11 | 15.1% +₺214.9m | 4.9% | PE68.9x |