Turkish (BIST) Application Software Industry Analysis

UpdatedMar 16, 2026

DataAggregated Company Financials

Companies9

7D7.0%
3M-0.002%
1Y4.0%
YTDn/a

The Application Software industry is up 8.8% in the last week, with Netcad Yazilim Anonim Sirketi up 38%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 9.3% 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
Mon, 16 Mar 2026	₺87.0b	₺21.9b	₺6.9b	8.7x	12.7x	4x
Wed, 11 Feb 2026	₺84.2b	₺18.0b	₺7.2b	12.8x	11.7x	4.7x
Fri, 09 Jan 2026	₺71.2b	₺16.7b	₺6.5b	12x	11x	4.3x
Sun, 07 Dec 2025	₺73.6b	₺16.7b	₺6.5b	14.2x	11.4x	4.4x
Tue, 04 Nov 2025	₺77.1b	₺14.9b	₺4.9b	15.5x	15.7x	5.2x
Thu, 02 Oct 2025	₺84.6b	₺14.4b	₺4.9b	16.3x	17.2x	5.9x
Sat, 30 Aug 2025	₺87.4b	₺14.6b	₺4.5b	35.7x	19.5x	6x
Mon, 28 Jul 2025	₺73.9b	₺12.3b	₺3.4b	44.1x	21.9x	6x
Wed, 25 Jun 2025	₺65.6b	₺12.3b	₺3.4b	38.6x	19.4x	5.3x
Fri, 23 May 2025	₺69.7b	₺13.1b	₺4.2b	30.7x	16.5x	5.3x
Sun, 20 Apr 2025	₺69.9b	₺12.6b	₺3.4b	41.1x	20.4x	5.5x
Tue, 18 Mar 2025	₺69.0b	₺12.6b	₺3.4b	32.3x	20.1x	5.5x
Thu, 13 Feb 2025	₺61.0b	₺9.3b	₺1.8b	46.8x	34.6x	6.6x
Sat, 11 Jan 2025	₺66.4b	₺9.3b	₺1.8b	42.5x	37.6x	7.2x
Mon, 09 Dec 2024	₺68.3b	₺9.3b	₺1.8b	43.9x	38.7x	7.4x
Wed, 06 Nov 2024	₺63.2b	₺9.7b	₺1.4b	61.5x	45.1x	6.5x
Fri, 04 Oct 2024	₺58.9b	₺9.0b	₺1.3b	57.3x	43.8x	6.6x
Sun, 01 Sep 2024	₺67.6b	₺8.7b	₺1.5b	46.3x	44x	7.8x
Tue, 30 Jul 2024	₺76.0b	₺8.4b	₺1.7b	52.4x	44.3x	9x
Thu, 27 Jun 2024	₺74.5b	₺8.4b	₺1.7b	51.3x	43.4x	8.8x
Sat, 25 May 2024	₺69.5b	₺7.6b	₺1.1b	58.8x	65.9x	9.1x
Mon, 22 Apr 2024	₺75.3b	₺6.7b	₺1.3b	60.5x	59.3x	11.2x
Wed, 20 Mar 2024	₺75.7b	₺6.0b	₺1.6b	46.1x	45.9x	12.7x
Fri, 16 Feb 2024	₺73.4b	₺5.5b	₺1.7b	50.5x	44x	13.3x
Sun, 14 Jan 2024	₺53.4b	₺5.5b	₺1.7b	34x	32x	9.7x
Tue, 12 Dec 2023	₺53.7b	₺5.5b	₺1.7b	34.7x	32.2x	9.8x
Thu, 09 Nov 2023	₺54.6b	₺5.4b	₺1.6b	28.5x	33.7x	10.2x
Sat, 07 Oct 2023	₺54.2b	₺4.8b	₺1.4b	36.1x	37.5x	11.4x
Mon, 04 Sep 2023	₺39.9b	₺4.8b	₺1.4b	21.6x	27.6x	8.4x
Wed, 02 Aug 2023	₺35.7b	₺4.2b	₺1.2b	23.2x	30.5x	8.5x
Fri, 30 Jun 2023	₺22.0b	₺3.7b	₺1.1b	17.1x	20.2x	6x
Sun, 28 May 2023	₺15.8b	₺3.7b	₺1.1b	13.6x	14.6x	4.3x
Tue, 25 Apr 2023	₺17.8b	₺3.2b	₺1.0b	15.8x	17.5x	5.6x
Thu, 23 Mar 2023	₺17.9b	₺3.2b	₺1.0b	16x	17.5x	5.6x

Price to Earnings Ratio

17.5x

Thu, 23 Mar 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 30.4x.

The 3-year average PS ratio of 7.4x 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 89% per year over the last three years.
Revenues for these companies have grown 90% 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	2.17%
Tech	4.54%
Software	7.03%
Application Software	7.03%
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
NETCD Netcad Yazilim Anonim Sirketi	₺139.10	17.3% +₺2.8b	n/a	PE22x
MIATK MIA Teknoloji Anonim Sirketi	₺38.22	4.1% +₺750.9m	-11.4%	PS6.8x
FORTE Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi	₺96.50	8.5% +₺509.2m	36.7%	PE2.8x
KRONT Kron Teknoloji	₺21.50	34.8% +₺475.1m	16.9%	PE12.5x
ATATP ATP Yazilim ve Teknoloji Anonim Sirketi	₺149.50	1.4% +₺196.9m	51.5%	PE6.8x