Turkish (BIST) Application Software Industry Analysis

UpdatedJan 29, 2026

DataAggregated Company Financials

Companies8

7D4.0%
3M2.6%
1Y10.7%
YTDn/a

Over the last 7 days, the Application Software industry has risen 2.2%, driven by gains in MIA Teknoloji Anonim Sirketi and ATP Yazilim ve Teknoloji Anonim Sirketi of 7.0% and 8.4%, respectively. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 7.0% per annum.

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, 29 Jan 2026	₺77.0b	₺16.7b	₺6.5b	12.8x	11.9x	4.6x
Sat, 27 Dec 2025	₺71.5b	₺16.7b	₺6.5b	11.9x	11.1x	4.3x
Mon, 24 Nov 2025	₺76.8b	₺16.6b	₺7.5b	12.1x	10.2x	4.6x
Wed, 22 Oct 2025	₺73.2b	₺14.4b	₺4.9b	14.8x	14.9x	5.1x
Fri, 19 Sep 2025	₺89.3b	₺14.4b	₺4.9b	25x	18.2x	6.2x
Sun, 17 Aug 2025	₺80.6b	₺12.4b	₺3.4b	43.5x	23.7x	6.5x
Tue, 15 Jul 2025	₺72.1b	₺12.3b	₺3.4b	40.9x	21.4x	5.9x
Thu, 12 Jun 2025	₺71.1b	₺12.3b	₺3.4b	40.7x	21.1x	5.8x
Sat, 10 May 2025	₺68.5b	₺12.6b	₺3.4b	44.1x	20x	5.4x
Mon, 07 Apr 2025	₺74.5b	₺12.6b	₺3.4b	43.5x	21.7x	5.9x
Wed, 05 Mar 2025	₺59.6b	₺10.6b	₺3.1b	40.7x	19.4x	5.6x
Fri, 31 Jan 2025	₺65.0b	₺9.3b	₺1.8b	49.9x	36.8x	7x
Sun, 29 Dec 2024	₺67.9b	₺9.3b	₺1.8b	41.3x	38.5x	7.3x
Tue, 26 Nov 2024	₺63.8b	₺9.3b	₺1.8b	42.1x	36.2x	6.9x
Thu, 24 Oct 2024	₺61.7b	₺9.7b	₺1.4b	57.1x	44.8x	6.4x
Sat, 21 Sep 2024	₺64.6b	₺9.3b	₺1.4b	45.8x	46x	7x
Mon, 19 Aug 2024	₺69.7b	₺8.8b	₺1.6b	47.8x	42.9x	8x
Wed, 17 Jul 2024	₺74.6b	₺8.4b	₺1.7b	53.7x	43.5x	8.8x
Fri, 14 Jun 2024	₺65.8b	₺8.3b	₺1.6b	52.7x	39.9x	7.9x
Sun, 12 May 2024	₺73.1b	₺7.4b	₺1.1b	60.8x	65.2x	9.9x
Tue, 09 Apr 2024	₺82.8b	₺7.5b	₺1.5b	55.3x	54.5x	11x
Thu, 07 Mar 2024	₺76.9b	₺5.6b	₺1.7b	49x	46x	13.8x
Sat, 03 Feb 2024	₺64.7b	₺5.5b	₺1.7b	41.6x	38.8x	11.8x
Mon, 01 Jan 2024	₺50.4b	₺5.5b	₺1.7b	33.5x	30.2x	9.2x
Wed, 29 Nov 2023	₺57.2b	₺5.5b	₺1.7b	37.4x	34.3x	10.4x
Fri, 27 Oct 2023	₺51.9b	₺4.8b	₺1.4b	30.8x	36x	10.9x
Sun, 24 Sep 2023	₺56.2b	₺4.8b	₺1.4b	24.3x	38.9x	11.8x
Tue, 22 Aug 2023	₺35.8b	₺4.7b	₺1.5b	20.6x	24.7x	7.5x
Thu, 20 Jul 2023	₺31.9b	₺4.1b	₺1.2b	20.7x	27.5x	7.8x
Sat, 17 Jun 2023	₺19.8b	₺3.7b	₺1.1b	15.6x	18.2x	5.4x
Mon, 15 May 2023	₺15.7b	₺3.7b	₺1.1b	14.8x	14.4x	4.3x
Wed, 12 Apr 2023	₺17.6b	₺3.2b	₺1.0b	15.4x	17.2x	5.5x
Fri, 10 Mar 2023	₺17.4b	₺3.2b	₺1.0b	16.2x	17.1x	5.5x
Sun, 05 Feb 2023	₺16.7b	₺2.8b	₺1.0b	18.5x	16.3x	6x

Price to Earnings Ratio

16.3x

Sun, 05 Feb 2023

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 12.1x which is lower than its 3-year average PE of 30.5x.

The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 4.7x.

Past Earnings Growth

The earnings for companies in the Application Software industry have grown 85% per year over the last three years.
Revenues for these companies have grown 81% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.