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Turkish (BIST) Utilities Sector Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies34
  • 7D0.3%
  • 3M7.0%
  • 1Y40.5%
  • YTD0.6%

The Utilities is pretty flat in the last 7 days, but Margün Enerji Üretim Sanayi ve Ticaret has stood out, gaining 6.7%. The past year has been better, since the industry has gained 40% in that time. As for the next few years, earnings are expected to grow by 109% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026₺820.7b₺532.5b-₺30,769,264,866.0017.8x-26.7x1.5x
Mon, 08 Dec 2025₺801.1b₺532.5b-₺30,769,264,866.0020.1x-26x1.5x
Wed, 05 Nov 2025₺778.7b₺588.5b-₺31,353,047,941.0033.8x-24.8x1.3x
Fri, 03 Oct 2025₺720.2b₺552.5b-₺38,022,803,171.0032.7x-18.9x1.3x
Sun, 31 Aug 2025₺744.3b₺539.2b-₺35,700,404,477.0028.8x-20.8x1.4x
Tue, 29 Jul 2025₺659.3b₺557.3b-₺31,045,947,963.0019.8x-21.2x1.2x
Thu, 26 Jun 2025₺569.3b₺557.3b-₺31,045,947,963.0016.8x-18.3x1x
Sat, 24 May 2025₺557.8b₺559.6b-₺29,152,043,394.0013.6x-19.1x1x
Mon, 21 Apr 2025₺536.4b₺566.5b-₺20,269,005,087.0014.1x-26.5x0.9x
Wed, 19 Mar 2025₺555.9b₺566.2b-₺19,426,928,233.0016x-28.6x1x
Fri, 14 Feb 2025₺515.5b₺359.9b₺35.9b8.1x14.4x1.4x
Sun, 12 Jan 2025₺547.2b₺359.8b₺35.3b10x15.5x1.5x
Tue, 10 Dec 2024₺537.1b₺359.8b₺35.3b9.1x15.2x1.5x
Thu, 07 Nov 2024₺490.7b₺403.9b₺39.5b9.7x12.4x1.2x
Sat, 05 Oct 2024₺478.0b₺413.8b₺49.5b10.1x9.7x1.2x
Mon, 02 Sep 2024₺504.3b₺404.0b₺54.0b8.9x9.3x1.2x
Wed, 31 Jul 2024₺555.8b₺426.1b₺56.3b8.3x9.9x1.3x
Fri, 28 Jun 2024₺575.7b₺432.2b₺61.2b9.6x9.4x1.3x
Sun, 26 May 2024₺593.7b₺472.0b₺62.3b11.9x9.5x1.3x
Tue, 23 Apr 2024₺563.7b₺460.2b₺50.7b15.8x11.1x1.2x
Thu, 21 Mar 2024₺514.4b₺449.6b₺40.6b15.8x12.7x1.1x
Sat, 17 Feb 2024₺486.5b₺367.0b₺50.4b15.9x9.7x1.3x
Mon, 15 Jan 2024₺382.0b₺367.0b₺50.4b12.4x7.6x1x
Wed, 13 Dec 2023₺400.7b₺363.0b₺49.8b13.1x8.1x1.1x
Fri, 10 Nov 2023₺432.0b₺361.6b₺48.8b15.4x8.8x1.2x
Sun, 08 Oct 2023₺497.1b₺351.1b₺36.1b17.9x13.8x1.4x
Tue, 05 Sep 2023₺493.3b₺335.2b₺36.0b12.5x13.7x1.5x
Thu, 03 Aug 2023₺364.0b₺328.8b₺37.8b12.5x9.6x1.1x
Sat, 01 Jul 2023₺287.5b₺328.7b₺38.3b10.5x7.5x0.9x
Mon, 29 May 2023₺233.2b₺297.3b₺37.0b8x6.3x0.8x
Wed, 26 Apr 2023₺250.1b₺265.3b₺35.0b9.3x7.2x0.9x
Fri, 24 Mar 2023₺270.1b₺262.8b₺33.8b9.9x8x1x
Sun, 19 Feb 2023₺247.2b₺209.5b₺23.2b10.2x10.6x1.2x
Tue, 17 Jan 2023₺306.5b₺202.0b₺20.9b12.2x14.6x1.5x
Price to Earnings Ratio

14.6x


Total Market Cap: ₺306.5bTotal Earnings: ₺20.9bTotal Revenue: ₺202.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Utilities Sector Price to Earnings3Y Average 1.4x202420252026
Current Industry PE
  • Investors are optimistic on the Turkish Utilities industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 38% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

TR Market5.20%
Utilities0.34%
Electric Utilities1.69%
Renewable Energy0.39%
Gas Utilities-0.87%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 12.7x.
    • Analysts are expecting annual earnings growth of 20.8%, which is higher than its past year's earnings decline of 59.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 152% over the next 5 years.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 21% 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
MAGEN Margün Enerji Üretim Sanayi ve Ticaret₺41.306.7%
+₺7.7b
337.9%PS91.1x
ENJSA Enerjisa Enerji₺94.653.7%
+₺4.0b
56.8%PE96.7x
AYGAZ Aygaz₺205.503.8%
+₺1.7b
23.3%PE14.5x
ESEN Esenboga Elektrik Üretim₺5.6415.6%
+₺1.4b
46.5%PS6.9x
ARASE Dogu Aras Enerji Yatirimlari₺74.003.6%
+₺637.5m
39.9%PE13.1x

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