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Turkish (BIST) Application Software Industry Analysis
UpdatedJan 13, 2026
DataAggregated Company Financials
Companies8
- 7D-0.1%
- 3M-4.9%
- 1Y1.6%
- YTDn/a
Over the last 7 days, the Application Software industry has remained flat, although notably Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi gained 14%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 7.6% 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, 13 Jan 2026 | ₺71.7b | ₺16.7b | ₺6.5b | 12.5x | 11.1x | 4.3x |
| Thu, 11 Dec 2025 | ₺73.7b | ₺16.7b | ₺6.5b | 13.5x | 11.4x | 4.4x |
| Sat, 08 Nov 2025 | ₺77.2b | ₺15.3b | ₺5.1b | 14.5x | 15.1x | 5.1x |
| Mon, 06 Oct 2025 | ₺79.1b | ₺14.4b | ₺4.9b | 16.3x | 16.1x | 5.5x |
| Wed, 03 Sep 2025 | ₺87.9b | ₺14.5b | ₺4.5b | 35.5x | 19.6x | 6.1x |
| Fri, 01 Aug 2025 | ₺74.9b | ₺12.3b | ₺3.4b | 42.5x | 22.2x | 6.1x |
| Sun, 29 Jun 2025 | ₺66.2b | ₺12.3b | ₺3.4b | 39.8x | 19.6x | 5.4x |
| Tue, 27 May 2025 | ₺68.8b | ₺12.3b | ₺3.4b | 38.3x | 20.4x | 5.6x |
| Thu, 24 Apr 2025 | ₺67.4b | ₺12.6b | ₺3.4b | 42.5x | 19.7x | 5.3x |
| Sat, 22 Mar 2025 | ₺60.9b | ₺12.6b | ₺3.4b | 28.1x | 17.8x | 4.8x |
| Mon, 17 Feb 2025 | ₺61.5b | ₺9.3b | ₺1.8b | 47.3x | 34.9x | 6.6x |
| Wed, 15 Jan 2025 | ₺65.9b | ₺9.3b | ₺1.8b | 41.4x | 37.4x | 7.1x |
| Fri, 13 Dec 2024 | ₺67.9b | ₺9.3b | ₺1.8b | 42.1x | 38.5x | 7.3x |
| Sun, 10 Nov 2024 | ₺67.6b | ₺8.9b | ₺931.0m | 62x | 72.6x | 7.6x |
| Tue, 08 Oct 2024 | ₺60.4b | ₺9.0b | ₺1.3b | 57x | 44.9x | 6.7x |
| Thu, 05 Sep 2024 | ₺67.6b | ₺8.7b | ₺1.5b | 45x | 44.1x | 7.8x |
| Sat, 03 Aug 2024 | ₺75.0b | ₺8.4b | ₺1.7b | 50.2x | 43.8x | 8.9x |
| Mon, 01 Jul 2024 | ₺77.2b | ₺8.4b | ₺1.7b | 53.3x | 45x | 9.2x |
| Wed, 29 May 2024 | ₺66.3b | ₺7.6b | ₺1.1b | 55.7x | 62.9x | 8.7x |
| Fri, 26 Apr 2024 | ₺76.3b | ₺6.7b | ₺1.3b | 62.6x | 60.2x | 11.3x |
| Sun, 24 Mar 2024 | ₺77.9b | ₺7.5b | ₺1.5b | 49.3x | 51.3x | 10.4x |
| Tue, 20 Feb 2024 | ₺76.9b | ₺5.5b | ₺1.7b | 52x | 46.1x | 14x |
| Thu, 18 Jan 2024 | ₺53.7b | ₺5.5b | ₺1.7b | 33.1x | 32.2x | 9.8x |
| Sat, 16 Dec 2023 | ₺50.8b | ₺5.5b | ₺1.7b | 33.7x | 30.5x | 9.2x |
| Mon, 13 Nov 2023 | ₺54.5b | ₺5.5b | ₺1.7b | 30x | 32.9x | 9.9x |
| Wed, 11 Oct 2023 | ₺53.4b | ₺4.8b | ₺1.4b | 34.5x | 37x | 11.2x |
| Fri, 08 Sep 2023 | ₺44.9b | ₺4.8b | ₺1.4b | 22.5x | 31.1x | 9.4x |
| Sun, 06 Aug 2023 | ₺36.2b | ₺4.2b | ₺1.2b | 25.2x | 30.9x | 8.6x |
| Tue, 04 Jul 2023 | ₺22.8b | ₺3.7b | ₺1.1b | 17.8x | 20.9x | 6.2x |
| Thu, 01 Jun 2023 | ₺16.8b | ₺3.7b | ₺1.1b | 14.1x | 15.4x | 4.5x |
| Sat, 29 Apr 2023 | ₺16.8b | ₺3.3b | ₺1.1b | 14.3x | 15.5x | 5x |
| Mon, 27 Mar 2023 | ₺18.4b | ₺3.2b | ₺1.0b | 16.1x | 18x | 5.7x |
| Wed, 22 Feb 2023 | ₺15.7b | ₺2.8b | ₺1.0b | 15.9x | 15.4x | 5.6x |
| Fri, 20 Jan 2023 | ₺18.8b | ₺2.6b | ₺901.5m | 20.3x | 20.8x | 7.2x |
Price to Earnings Ratio
20.8x
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 11.1x 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 4.3x.
Past Earnings Growth
- The earnings for companies in the Application 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 Comparison
How does Turkish Application Software compare with similar industries?
| TR Market | 4.95% | |
| Tech | 1.06% | |
| Software | -0.13% | |
| Application Software | -0.13% | |
| 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 | |
|---|---|---|---|---|---|
| FORTE Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi | ₺97.60 | 13.6% +₺780.6m | 61.3% | PE3.5x | |
| LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret | ₺231.60 | 6.0% +₺284.9m | -52.1% | PE12.5x | |
| LOGO Logo Yazilim Sanayi ve Ticaret | ₺156.10 | 1.4% +₺199.5m | 30.8% | PE11.3x | |
| KRONT Kron Teknoloji | ₺15.50 | 4.5% +₺57.4m | -25.3% | PE25.6x |