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Turkish (BIST) Telecom Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies13
  • 7D0.9%
  • 3M10.7%
  • 1Y8.3%
  • YTD1.6%

The Telecom industry has stayed flat over the last week. The past year has been better, since the industry has gained 7.1% in that time. As for the next few years, earnings are expected to grow by 25% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026₺474.2b₺403.0b₺27.0b11.3x17.6x1.2x
Thu, 11 Dec 2025₺478.0b₺403.0b₺27.0b12.5x17.7x1.2x
Sat, 08 Nov 2025₺477.4b₺422.7b₺30.4b13.2x15.7x1.1x
Mon, 06 Oct 2025₺461.6b₺386.8b₺19.3b16.2x24x1.2x
Wed, 03 Sep 2025₺459.4b₺386.3b₺19.1b13.8x24.1x1.2x
Fri, 01 Aug 2025₺455.0b₺364.2b₺19.3b18.5x23.5x1.2x
Sun, 29 Jun 2025₺433.4b₺364.2b₺19.3b18.3x22.4x1.2x
Tue, 27 May 2025₺468.0b₺364.2b₺19.3b20x24.2x1.3x
Thu, 24 Apr 2025₺432.6b₺351.7b₺17.3b18.1x25x1.2x
Sat, 22 Mar 2025₺385.0b₺350.7b₺19.1b13.3x20.2x1.1x
Mon, 17 Feb 2025₺429.3b₺240.8b₺46.5b9.1x9.2x1.8x
Wed, 15 Jan 2025₺386.3b₺240.8b₺46.5b9.1x8.3x1.6x
Fri, 13 Dec 2024₺391.9b₺240.8b₺46.5b8.9x8.4x1.6x
Sun, 10 Nov 2024₺392.8b₺243.6b₺46.9b9.3x8.4x1.6x
Tue, 08 Oct 2024₺354.8b₺227.6b₺37.0b11.2x9.6x1.6x
Thu, 05 Sep 2024₺423.0b₺225.1b₺27.8b12.3x15.2x1.9x
Sat, 03 Aug 2024₺427.3b₺225.0b₺27.9b12.1x15.3x1.9x
Mon, 01 Jul 2024₺410.3b₺222.9b₺28.6b11.7x14.4x1.8x
Wed, 29 May 2024₺372.7b₺221.0b₺28.5b13.7x13.1x1.7x
Fri, 26 Apr 2024₺327.6b₺214.1b₺27.9b14.2x11.7x1.5x
Sun, 24 Mar 2024₺275.5b₺184.5b₺17.0b14.4x16.2x1.5x
Tue, 20 Feb 2024₺272.0b₺158.3b₺23.9b16.6x11.4x1.7x
Thu, 18 Jan 2024₺260.1b₺158.3b₺23.9b13.9x10.9x1.6x
Sat, 16 Dec 2023₺225.6b₺158.3b₺23.9b15.1x9.4x1.4x
Mon, 13 Nov 2023₺214.3b₺157.8b₺23.9b14.7x9x1.4x
Wed, 11 Oct 2023₺210.4b₺136.2b₺17.5b18.4x12x1.5x
Fri, 08 Sep 2023₺236.6b₺136.2b₺17.5b16.6x13.5x1.7x
Sun, 06 Aug 2023₺202.6b₺119.1b₺18.0b17.8x11.2x1.7x
Tue, 04 Jul 2023₺175.3b₺119.1b₺18.0b18.5x9.7x1.5x
Thu, 01 Jun 2023₺147.5b₺118.9b₺17.9b10.3x8.2x1.2x
Sat, 29 Apr 2023₺148.4b₺106.1b₺15.9b15.7x9.3x1.4x
Mon, 27 Mar 2023₺149.5b₺106.1b₺15.9b18.2x9.4x1.4x
Wed, 22 Feb 2023₺151.9b₺94.1b₺10.9b15.2x14x1.6x
Fri, 20 Jan 2023₺178.3b₺94.1b₺10.9b22.2x16.4x1.9x
Price to Earnings Ratio

16.4x


Total Market Cap: ₺178.3bTotal Earnings: ₺10.9bTotal Revenue: ₺94.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Telecom Sector Price to Earnings3Y Average 14.5x202420252026
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 17.5x which is higher than its 3-year average PE of 14.5x.
  • 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 Market4.95%
Telecom0.93%
Wireless Telecom2.84%
Entertainment0%0
Telecom Services and Carriers-0.086%
Interactive Media and Services-4.25%
Media-4.60%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 28.1%, 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 28% 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 22% 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
TCELL Turkcell Iletisim Hizmetleri₺99.552.8%
+₺6.0b		5.2%PE15.6x
KUVVA Kuvva Gida Ticaret Ve Sanayi Yatirimlari Anonim Sirketi₺143.002.1%
+₺93.1m		134.8%PE22.8x

Latest News

TTKOM
₺58.40
Türk Telekomünikasyon Anonim Sirketi
7D
-0.09%
1Y
29.6%

TTKOM: Lower Margin Outlook Will Restrain Returns Despite Higher Revenue Expectations

Analysts have nudged their fair value estimate for Türk Telekomünikasyon Anonim Sirketi up from ₺45.20 to about ₺46.58, citing updated assumptions related to higher revenue growth, a revised profit margin profile and a slightly higher expected P/E multiple. What's in the News Türk Telekomünikasyon Anonim Sirketi held an Analyst/Investor Day, providing management with a platform to outline current priorities and address investor questions (Key Developments).
FENER
₺3.08
Fenerbahçe Futbol
7D
-6.9%
1Y
-93.4%
MACKO
₺24.80
Mackolik Internet Hizmetleri Ticaret
7D
-4.2%
1Y
-8.8%
PCILT
₺22.16
PC Iletisim ve Medya Hizmetleri Sanayi Ticaret
7D
-7.4%
1Y
31.4%
TCELL
₺99.55
Turkcell Iletisim Hizmetleri
7D
2.8%
1Y
5.2%

TCELL: Expanded 5G Spectrum Will Drive Long-Term Earnings Upside

Analysts have modestly raised their price target on Turkcell Iletisim Hizmetleri to $171.00 from $171.00, reflecting expectations for faster top line expansion, despite a more conservative view on profitability and a higher forward earnings multiple. What's in the News The Board of Directors has initiated a process to amend the Articles of Association.
KUVVA
₺143.00
Kuvva Gida Ticaret Ve Sanayi Yatirimlari Anonim Sirketi
7D
2.1%
1Y
134.8%
BIGTK
₺283.00
Big Medya Teknoloji Anonim Sirketi
7D
-1.7%
1Y
61.2%
IHAAS
₺40.84
Ihlas Haber Ajansi
7D
-5.1%
1Y
145.3%
GSRAY
₺1.15
Galatasaray Sportif Sinai ve Ticari Yatirimlar
7D
-2.5%
1Y
-46.3%
BJKAS
₺1.62
Besiktas Futbol Yatirimlari Sanayi ve Ticaret
7D
-2.4%
1Y
-65.7%