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Turkish (BIST) Telecom Sector Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies14
  • 7D-2.9%
  • 3M-1.7%
  • 1Y-7.7%
  • YTD4.5%

Over the last 7 days, the Telecom industry has dropped 2.7%, driven by declines in Turkcell Iletisim Hizmetleri and Türk Telekomünikasyon Anonim Sirketi of 3.5% and 3.1%, respectively. In contrast, Fenerbahçe Futbol has gained 15%. However, the industry is down 7.6% over the past year. Looking forward, earnings are forecast to grow by 41% annually.

Sector Valuation and Performance

Has the Turkish Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025₺467.2b₺403.2b₺26.8b13.1x17.4x1.2x
Thu, 16 Oct 2025₺453.1b₺388.8b₺19.1b15.8x23.8x1.2x
Sat, 13 Sep 2025₺436.0b₺386.4b₺19.3b14.8x22.6x1.1x
Mon, 11 Aug 2025₺468.9b₺364.2b₺19.3b19.2x24.2x1.3x
Wed, 09 Jul 2025₺449.4b₺364.2b₺19.3b19.2x23.2x1.2x
Fri, 06 Jun 2025₺455.8b₺364.2b₺19.3b19.5x23.6x1.3x
Sun, 04 May 2025₺420.6b₺351.7b₺17.3b17.5x24.3x1.2x
Tue, 01 Apr 2025₺417.9b₺351.2b₺19.1b14.8x21.8x1.2x
Thu, 27 Feb 2025₺439.0b₺242.7b₺45.5b8.8x9.6x1.8x
Sat, 25 Jan 2025₺427.8b₺240.8b₺46.5b9.4x9.2x1.8x
Mon, 23 Dec 2024₺381.7b₺240.8b₺46.5b8.8x8.2x1.6x
Wed, 20 Nov 2024₺388.7b₺244.2b₺46.6b9.3x8.3x1.6x
Fri, 18 Oct 2024₺388.0b₺234.8b₺39.6b10.8x9.8x1.7x
Sun, 15 Sep 2024₺406.5b₺225.2b₺32.0b11.2x12.7x1.8x
Tue, 13 Aug 2024₺431.4b₺225.1b₺27.9b11.7x15.5x1.9x
Thu, 11 Jul 2024₺440.7b₺223.3b₺28.6b12x15.4x2x
Sat, 08 Jun 2024₺393.4b₺222.6b₺28.3b13.8x13.9x1.8x
Mon, 06 May 2024₺336.0b₺214.1b₺27.9b14.1x12x1.6x
Wed, 03 Apr 2024₺266.5b₺184.6b₺17.1b12.9x15.6x1.4x
Fri, 01 Mar 2024₺274.2b₺158.3b₺23.9b15.4x11.5x1.7x
Sun, 28 Jan 2024₺279.0b₺158.3b₺23.9b14.9x11.7x1.8x
Tue, 26 Dec 2023₺213.2b₺158.3b₺23.9b12.6x8.9x1.3x
Thu, 23 Nov 2023₺221.3b₺158.3b₺23.9b14.3x9.3x1.4x
Sat, 21 Oct 2023₺186.7b₺136.2b₺17.5b17.1x10.7x1.4x
Mon, 18 Sep 2023₺222.7b₺136.2b₺17.5b16.5x12.7x1.6x
Wed, 16 Aug 2023₺209.3b₺126.5b₺16.1b17.1x13x1.7x
Fri, 14 Jul 2023₺182.4b₺119.1b₺18.0b18x10.1x1.5x
Sun, 11 Jun 2023₺169.4b₺118.9b₺17.9b12.8x9.5x1.4x
Tue, 09 May 2023₺138.9b₺106.3b₺15.9b9.6x8.7x1.3x
Thu, 06 Apr 2023₺157.0b₺106.1b₺15.9b17.3x9.9x1.5x
Sat, 04 Mar 2023₺148.0b₺99.6b₺10.8b21.1x13.7x1.5x
Mon, 30 Jan 2023₺176.5b₺94.1b₺10.9b19.9x16.2x1.9x
Wed, 28 Dec 2022₺175.3b₺94.1b₺10.9b18.3x16.1x1.9x
Fri, 25 Nov 2022₺150.0b₺94.1b₺10.9b17.6x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: ₺150.0bTotal Earnings: ₺10.9bTotal Revenue: ₺94.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Telecom Sector Price to Earnings3Y Average 14.4x202320242025
Current Industry PE
  • Investors are optimistic on the Turkish Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.4x which is higher than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 62% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Turkish Telecom sector?

TR Market-1.24%
Telecom-2.92%
Interactive Media and Services1.62%
Entertainment0%0
Media-2.86%
Telecom Services and Carriers-3.06%
Wireless Telecom-3.47%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 12.0x.
    • Analysts are expecting annual earnings growth of 51.4%, which is higher than its past year's earnings decline of 58.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 30% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FENER Fenerbahçe Futbol₺11.6314.7%
+₺1.9b
-89.6%PS1.5x
KUVVA Kuvva Gida Ticaret Ve Sanayi Yatirimlari Anonim Sirketi₺166.007.1%
+₺341.5m
268.9%PE26x
HURGZ Hürriyet Gazetecilik ve Matbaacilik₺5.995.1%
+₺171.7m
44.3%PS3.2x
MACKO Mackolik Internet Hizmetleri Ticaret₺41.501.6%
+₺66.0m
79.9%PE11.3x

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