Turkish (BIST) Application Software Industry Analysis

UpdatedMay 04, 2026

DataAggregated Company Financials

Companies9

7D0.3%
3M-1.3%
1Y8.6%
YTDn/a

In the last week, the Application Software industry is flat overall, with Netcad Yazilim Anonim Sirketi standing out by going down 3.6%. The past year has been better, since the industry has gained 8.6% in that time. Looking forward, earnings are forecast to grow by 23% 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
Tue, 05 May 2026	₺91.9b	₺21.9b	₺6.9b	11.3x	13.4x	4.2x
Thu, 02 Apr 2026	₺92.5b	₺21.9b	₺6.9b	11.7x	13.5x	4.2x
Sat, 28 Feb 2026	₺84.0b	₺19.3b	₺7.4b	14.6x	11.4x	4.3x
Mon, 26 Jan 2026	₺76.4b	₺16.7b	₺6.5b	13.2x	11.8x	4.6x
Wed, 24 Dec 2025	₺71.3b	₺16.7b	₺6.5b	11.7x	11x	4.3x
Fri, 21 Nov 2025	₺76.7b	₺16.8b	₺7.5b	11.9x	10.2x	4.6x
Sun, 19 Oct 2025	₺73.4b	₺14.4b	₺4.9b	15x	14.9x	5.1x
Tue, 16 Sep 2025	₺86.6b	₺14.4b	₺4.9b	24.8x	17.6x	6x
Thu, 14 Aug 2025	₺78.9b	₺12.4b	₺3.4b	43.8x	23.2x	6.4x
Sat, 12 Jul 2025	₺72.3b	₺12.3b	₺3.4b	41.3x	21.4x	5.9x
Mon, 09 Jun 2025	₺69.3b	₺12.3b	₺3.4b	39.8x	20.5x	5.6x
Wed, 07 May 2025	₺68.1b	₺12.6b	₺3.4b	44.4x	19.9x	5.4x
Fri, 04 Apr 2025	₺76.2b	₺12.6b	₺3.4b	43.7x	22.2x	6x
Sun, 02 Mar 2025	₺60.0b	₺9.8b	₺1.8b	42.1x	33.8x	6.1x
Tue, 28 Jan 2025	₺67.3b	₺9.3b	₺1.8b	52.7x	38.2x	7.3x
Thu, 26 Dec 2024	₺66.6b	₺9.3b	₺1.8b	41.3x	37.8x	7.2x
Sat, 23 Nov 2024	₺63.1b	₺9.5b	₺1.6b	39.6x	39.2x	6.6x
Mon, 21 Oct 2024	₺61.6b	₺9.7b	₺1.4b	58.6x	44.7x	6.4x
Wed, 18 Sep 2024	₺65.1b	₺9.0b	₺1.4b	45x	45.8x	7.2x
Fri, 16 Aug 2024	₺71.1b	₺8.8b	₺1.6b	49.1x	43.8x	8.1x
Sun, 14 Jul 2024	₺76.2b	₺8.4b	₺1.7b	56x	44.4x	9x
Tue, 11 Jun 2024	₺69.6b	₺8.3b	₺1.6b	51.1x	42.5x	8.4x
Thu, 09 May 2024	₺74.5b	₺7.3b	₺1.1b	59.7x	67x	10.2x
Sat, 06 Apr 2024	₺77.5b	₺7.5b	₺1.5b	50.3x	51x	10.3x
Mon, 04 Mar 2024	₺88.6b	₺5.5b	₺1.7b	57x	53.1x	16.1x
Wed, 31 Jan 2024	₺62.2b	₺5.5b	₺1.7b	40.7x	37.3x	11.3x
Fri, 29 Dec 2023	₺48.6b	₺5.5b	₺1.7b	31.7x	29.1x	8.8x
Sun, 26 Nov 2023	₺57.4b	₺5.5b	₺1.7b	38.6x	34.4x	10.4x
Tue, 24 Oct 2023	₺50.5b	₺4.8b	₺1.4b	29.1x	35x	10.6x
Thu, 21 Sep 2023	₺49.7b	₺4.8b	₺1.4b	21.3x	34.4x	10.4x
Sat, 19 Aug 2023	₺35.8b	₺4.7b	₺1.4b	20.9x	25.9x	7.6x
Mon, 17 Jul 2023	₺30.9b	₺4.1b	₺1.2b	22.4x	26.6x	7.6x
Wed, 14 Jun 2023	₺18.9b	₺3.7b	₺1.1b	16x	17.3x	5.1x
Fri, 12 May 2023	₺16.2b	₺3.7b	₺1.1b	15.4x	14.9x	4.4x

Price to Earnings Ratio

14.9x

Fri, 12 May 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 13.4x which is lower than its 3-year average PE of 30.2x.

The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 4.2x.

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.

Industry Comparison

How does Turkish Application Software compare with similar industries?


TR Market	-0.57%
Tech	5.43%
Software	0.26%
Application Software	0.26%
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	₺156.80	7.5% +₺1.0b	100.1%	PE7.2x
LOGO Logo Yazilim Sanayi ve Ticaret	₺148.50	5.4% +₺722.0m	9.3%	PE9.4x
LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret	₺5.91	6.9% +₺338.9m	-55.4%	PE16.5x
FORTE Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi	₺98.20	3.9% +₺244.6m	52.6%	PE2.8x
SMART Smartiks Yazilim	₺36.66	6.6% +₺72.6m	40.8%	PS5.8x