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Turkish (BIST) Telecom Sector Analysis

UpdatedNov 23, 2025
DataAggregated Company Financials
Companies13
  • 7D1.4%
  • 3M-3.3%
  • 1Y-7.0%
  • YTD6.5%

In the last week, the Telecom industry is up 1.4%, with Turkcell Iletisim Hizmetleri up 1.7%. In the past year, the industry is down 7.0%. Looking forward, earnings are forecast to grow by 40% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Nov 2025₺467.3b₺403.8b₺26.9b12x17.4x1.2x
Tue, 21 Oct 2025₺452.2b₺388.8b₺19.1b15x23.7x1.2x
Thu, 18 Sep 2025₺469.1b₺387.2b₺19.2b16.9x24.4x1.2x
Sat, 16 Aug 2025₺463.8b₺391.4b₺22.2b14.4x20.9x1.2x
Mon, 14 Jul 2025₺444.2b₺364.2b₺19.3b18.8x23x1.2x
Wed, 11 Jun 2025₺456.0b₺364.2b₺19.3b19.4x23.6x1.3x
Fri, 09 May 2025₺432.9b₺351.7b₺17.3b17.7x25x1.2x
Sun, 06 Apr 2025₺396.6b₺351.2b₺19.1b14.4x20.7x1.1x
Tue, 04 Mar 2025₺426.7b₺295.9b₺30.6b16.4x14x1.4x
Thu, 30 Jan 2025₺435.4b₺240.8b₺46.5b9.6x9.4x1.8x
Sat, 28 Dec 2024₺391.7b₺240.8b₺46.5b9.7x8.4x1.6x
Mon, 25 Nov 2024₺393.1b₺241.9b₺46.1b8.7x8.5x1.6x
Wed, 23 Oct 2024₺384.7b₺234.8b₺39.6b10.9x9.7x1.6x
Fri, 20 Sep 2024₺409.5b₺226.8b₺37.0b11.6x11.1x1.8x
Sun, 18 Aug 2024₺429.4b₺225.1b₺27.9b11.7x15.4x1.9x
Tue, 16 Jul 2024₺447.9b₺223.3b₺28.6b12.5x15.7x2x
Thu, 13 Jun 2024₺388.3b₺222.6b₺28.2b13.9x13.8x1.7x
Sat, 11 May 2024₺345.4b₺214.5b₺26.8b12.7x12.9x1.6x
Mon, 08 Apr 2024₺302.1b₺184.6b₺17.1b13.8x17.7x1.6x
Wed, 06 Mar 2024₺263.9b₺158.3b₺23.9b14.6x11x1.7x
Fri, 02 Feb 2024₺286.6b₺158.3b₺23.9b15.3x12x1.8x
Sun, 31 Dec 2023₺221.0b₺158.3b₺23.9b13.4x9.2x1.4x
Tue, 28 Nov 2023₺225.1b₺158.3b₺23.9b15x9.4x1.4x
Thu, 26 Oct 2023₺185.0b₺136.2b₺17.5b18.3x10.6x1.4x
Sat, 23 Sep 2023₺214.1b₺136.2b₺17.5b17.1x12.2x1.6x
Mon, 21 Aug 2023₺202.3b₺135.7b₺17.3b18.5x11.7x1.5x
Wed, 19 Jul 2023₺186.8b₺119.1b₺18.0b18x10.4x1.6x
Fri, 16 Jun 2023₺163.6b₺118.9b₺17.9b12.3x9.1x1.4x
Sun, 14 May 2023₺139.4b₺118.8b₺17.9b8.6x7.8x1.2x
Tue, 11 Apr 2023₺161.8b₺106.1b₺15.9b17.9x10.2x1.5x
Thu, 09 Mar 2023₺157.8b₺100.0b₺11.0b18.8x14.3x1.6x
Sat, 04 Feb 2023₺171.7b₺94.1b₺10.9b17.6x15.8x1.8x
Mon, 02 Jan 2023₺184.9b₺94.1b₺10.9b20.4x17x2x
Wed, 30 Nov 2022₺150.2b₺94.1b₺10.9b20.3x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: ₺150.2bTotal 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 63% 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 Market2.68%
Telecom1.37%
Media4.22%
Interactive Media and Services3.87%
Wireless Telecom1.66%
Telecom Services and Carriers0.71%
Entertainment0%0
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 12.1x.
    • Analysts are expecting annual earnings growth of 48.7%, 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 49% 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 31% 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₺94.701.7%
+₺3.4b		1.7%PE14.9x
TTKOM Türk Telekomünikasyon Anonim Sirketi₺56.800.7%
+₺1.4b		21.6%PE11.6x
FENER Fenerbahçe Futbol₺11.946.7%
+₺937.5m		-89.4%PS1.6x
HURGZ Hürriyet Gazetecilik ve Matbaacilik₺6.1312.5%
+₺402.6m		50.2%PS3.3x
KUVVA Kuvva Gida Ticaret Ve Sanayi Yatirimlari Anonim Sirketi₺174.705.9%
+₺301.1m		253.2%PE27.9x

Latest News

PCILT
₺22.16
PC Iletisim ve Medya Hizmetleri Sanayi Ticaret
7D
-2.2%
1Y
30.3%
TCELL
₺94.70
Turkcell Iletisim Hizmetleri
7D
1.7%
1Y
1.7%

TCELL: Cloud Expansion Will Drive AI Opportunities in Turkish Market

Narrative Update on Turkcell Iletisim Hizmetleri Analysts have revised their price target for Turkcell Iletisim Hizmetleri slightly downward to approximately ₺141.78 from ₺144.36. They cite changes in projected margins and a modest increase in the discount rate as key factors in their updated assessment.
BIGTK
₺303.00
Big Medya Teknoloji Anonim Sirketi
7D
-1.1%
1Y
85.1%
HURGZ
₺6.13
Hürriyet Gazetecilik ve Matbaacilik
7D
12.5%
1Y
50.2%
KUVVA
₺174.70
Kuvva Gida Ticaret Ve Sanayi Yatirimlari Anonim Sirketi
7D
5.9%
1Y
253.2%
TTKOM
₺56.80
Türk Telekomünikasyon Anonim Sirketi
7D
0.7%
1Y
21.6%

TTKOM: Consistent Market Execution Will Drive Confidence Amid Rising Perceived Risk

Analysts have raised their price target for Türk Telekomünikasyon Anonim Sirketi, increasing it slightly from TRY 73.83 to TRY 73.89. This change is due to improved revenue growth expectations, despite a marginally higher discount rate and a modest adjustment to profit margin forecasts.
IHAAS
₺40.74
Ihlas Haber Ajansi
7D
2.1%
1Y
109.1%
MACKO
₺42.36
Mackolik Internet Hizmetleri Ticaret
7D
3.9%
1Y
83.2%
FENER
₺11.94
Fenerbahçe Futbol
7D
6.7%
1Y
-89.4%
TSPOR
₺1.26
Trabzonspor Sportif Yatirim ve Futbol Isletmeciligi Ticaret
7D
1.6%
1Y
34.0%