Turkish (BIST) Application Software Industry Analysis

UpdatedMar 16, 2026

DataAggregated Company Financials

Companies9

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

Over the last 7 days, the Application Software industry has risen 7.0%, driven by gains from Netcad Yazilim Anonim Sirketi of 17%. This takes the industry's 12 month performance to a gain of 4.0%. As for the next few years, earnings are expected to grow by 13% 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
Wed, 18 Mar 2026	₺87.0b	₺21.9b	₺6.9b	8.7x	12.7x	4x
Fri, 13 Feb 2026	₺87.5b	₺18.0b	₺7.2b	14x	12.1x	4.9x
Sun, 11 Jan 2026	₺71.8b	₺16.7b	₺6.5b	12x	11.1x	4.3x
Tue, 09 Dec 2025	₺74.3b	₺16.7b	₺6.5b	12.8x	11.5x	4.5x
Thu, 06 Nov 2025	₺77.4b	₺14.9b	₺4.9b	15.9x	15.8x	5.2x
Sat, 04 Oct 2025	₺79.1b	₺14.4b	₺4.9b	16.3x	16.1x	5.5x
Mon, 01 Sep 2025	₺87.4b	₺14.5b	₺4.5b	35.7x	19.5x	6x
Wed, 30 Jul 2025	₺73.3b	₺12.3b	₺3.4b	41.8x	21.7x	6x
Fri, 27 Jun 2025	₺65.4b	₺12.3b	₺3.4b	38.5x	19.4x	5.3x
Sun, 25 May 2025	₺69.0b	₺12.3b	₺3.4b	38.5x	20.4x	5.6x
Tue, 22 Apr 2025	₺68.9b	₺12.6b	₺3.4b	42.6x	20.1x	5.4x
Thu, 20 Mar 2025	₺61.8b	₺12.6b	₺3.4b	28.9x	18x	4.9x
Sat, 15 Feb 2025	₺61.5b	₺9.3b	₺1.8b	47.3x	34.9x	6.6x
Mon, 13 Jan 2025	₺66.4b	₺9.3b	₺1.8b	42.5x	37.6x	7.2x
Wed, 11 Dec 2024	₺67.7b	₺9.3b	₺1.8b	43.1x	38.4x	7.3x
Fri, 08 Nov 2024	₺65.1b	₺9.7b	₺1.4b	62.6x	46.4x	6.7x
Sun, 06 Oct 2024	₺59.6b	₺9.0b	₺1.3b	57.9x	44.4x	6.7x
Tue, 03 Sep 2024	₺68.5b	₺8.7b	₺1.5b	46.8x	44.6x	7.9x
Thu, 01 Aug 2024	₺75.4b	₺8.4b	₺1.7b	52.2x	44x	8.9x
Sat, 29 Jun 2024	₺77.2b	₺8.4b	₺1.7b	53.3x	45x	9.2x
Mon, 27 May 2024	₺69.5b	₺7.6b	₺1.1b	58.8x	65.9x	9.1x
Wed, 24 Apr 2024	₺78.5b	₺6.7b	₺1.3b	63.3x	61.9x	11.6x
Fri, 22 Mar 2024	₺74.7b	₺6.0b	₺1.6b	45.3x	45.3x	12.5x
Sun, 18 Feb 2024	₺74.0b	₺5.5b	₺1.7b	50.4x	44.3x	13.4x
Tue, 16 Jan 2024	₺54.3b	₺5.5b	₺1.7b	33.9x	32.5x	9.9x
Thu, 14 Dec 2023	₺49.2b	₺5.5b	₺1.7b	32x	29.5x	8.9x
Sat, 11 Nov 2023	₺54.5b	₺5.5b	₺1.7b	30x	32.9x	9.9x
Mon, 09 Oct 2023	₺54.2b	₺4.8b	₺1.4b	36.1x	37.5x	11.4x
Wed, 06 Sep 2023	₺43.0b	₺4.8b	₺1.4b	22.3x	29.8x	9x
Fri, 04 Aug 2023	₺36.2b	₺4.2b	₺1.2b	24.6x	30.9x	8.6x
Sun, 02 Jul 2023	₺22.0b	₺3.7b	₺1.1b	17.1x	20.2x	6x
Tue, 30 May 2023	₺16.3b	₺3.7b	₺1.1b	13.8x	14.9x	4.4x
Thu, 27 Apr 2023	₺16.8b	₺3.3b	₺1.1b	14.4x	15.5x	5x
Sat, 25 Mar 2023	₺18.4b	₺3.2b	₺1.0b	16.1x	18x	5.7x

Price to Earnings Ratio

18x

Sat, 25 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 12.7x 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 4.0x.

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
FORTE Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi	₺100.90	9.9% +₺609.7m	43.0%	PE2.9x
KRONT Kron Teknoloji	₺23.64	34.8% +₺522.2m	31.1%	PE13.8x
LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret	₺6.14	7.1% +₺364.1m	-45.7%	PE17.1x
NETCD Netcad Yazilim Anonim Sirketi	₺131.50	0.8% +₺150.7m	n/a	PE20.8x