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Turkish (BIST) Utilities Sector Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies33
  • 7D0.7%
  • 3M5.2%
  • 1Y42.5%
  • YTD40.4%

Last week, the Utilities industry hasn't moved much but Margün Enerji Üretim Sanayi ve Ticaret is up 6.2% in that time. The past year has been better, since the industry has gained 42% in that time. Looking forward, earnings are forecast to grow by 105% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025₺814.0b₺532.5b-₺30,769,264,866.0020.3x-26.5x1.5x
Thu, 13 Nov 2025₺762.5b₺568.0b-₺32,450,401,840.0022.9x-23.5x1.3x
Sat, 11 Oct 2025₺731.0b₺552.5b-₺38,022,803,171.0032.7x-19.2x1.3x
Mon, 08 Sep 2025₺733.9b₺552.2b-₺37,254,769,867.0033.7x-19.7x1.3x
Wed, 06 Aug 2025₺691.9b₺557.3b-₺31,045,947,963.0019.6x-22.3x1.2x
Fri, 04 Jul 2025₺607.2b₺557.3b-₺31,045,947,963.0017.1x-19.6x1.1x
Sun, 01 Jun 2025₺538.8b₺559.3b-₺30,774,775,606.0016.3x-17.5x1x
Tue, 29 Apr 2025₺517.5b₺566.5b-₺20,269,005,087.0013.4x-25.5x0.9x
Thu, 27 Mar 2025₺504.9b₺566.5b-₺20,269,005,087.0013.1x-24.9x0.9x
Sat, 22 Feb 2025₺517.5b₺387.3b₺34.2b10.2x15.1x1.3x
Mon, 20 Jan 2025₺538.3b₺359.8b₺35.3b9.7x15.2x1.5x
Wed, 18 Dec 2024₺533.4b₺359.8b₺35.3b8.8x15.1x1.5x
Fri, 15 Nov 2024₺506.8b₺376.9b₺37.9b9.6x13.4x1.3x
Sun, 13 Oct 2024₺475.3b₺411.5b₺47.9b10x9.9x1.2x
Tue, 10 Sep 2024₺501.8b₺413.9b₺52.8b9.1x9.5x1.2x
Thu, 08 Aug 2024₺526.1b₺435.3b₺55.9b8.2x9.4x1.2x
Sat, 06 Jul 2024₺558.8b₺426.1b₺56.3b8.8x9.9x1.3x
Mon, 03 Jun 2024₺558.8b₺452.2b₺58.4b11.6x9.6x1.2x
Wed, 01 May 2024₺572.3b₺465.9b₺53.4b15.2x10.7x1.2x
Fri, 29 Mar 2024₺494.2b₺457.6b₺42.0b15.2x11.8x1.1x
Sun, 25 Feb 2024₺490.5b₺367.0b₺50.4b15.7x9.7x1.3x
Tue, 23 Jan 2024₺406.9b₺367.0b₺50.4b14.5x8.1x1.1x
Thu, 21 Dec 2023₺365.1b₺363.0b₺49.8b12.4x7.3x1x
Sat, 18 Nov 2023₺429.7b₺361.3b₺48.5b15.8x8.9x1.2x
Mon, 16 Oct 2023₺462.3b₺351.1b₺36.1b15.5x12.8x1.3x
Wed, 13 Sep 2023₺465.1b₺351.0b₺36.0b13.9x12.9x1.3x
Fri, 11 Aug 2023₺349.7b₺339.1b₺38.9b12.5x9x1x
Sun, 09 Jul 2023₺314.4b₺328.7b₺38.3b11.5x8.2x1x
Tue, 06 Jun 2023₺266.4b₺297.3b₺37.0b9x7.2x0.9x
Thu, 04 May 2023₺218.9b₺275.8b₺35.6b7.7x6.1x0.8x
Sat, 01 Apr 2023₺243.9b₺265.3b₺34.5b9.7x7.1x0.9x
Mon, 27 Feb 2023₺261.4b₺223.5b₺34.7b10.1x7.5x1.2x
Wed, 25 Jan 2023₺298.6b₺202.0b₺20.9b12.1x14.3x1.5x
Fri, 23 Dec 2022₺345.4b₺201.6b₺20.8b14.6x16.6x1.7x
Price to Earnings Ratio

16.6x


Total Market Cap: ₺345.4bTotal Earnings: ₺20.8bTotal Revenue: ₺201.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Utilities Sector Price to Earnings3Y Average 2.4x202320242025
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 Market1.27%
Utilities0.73%
Electric Utilities5.39%
Renewable Energy0.49%
Gas Utilities-2.34%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 12.6x.
    • Analysts are expecting annual earnings growth of 18.5%, 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 19% 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₺37.905.3%
+₺5.6b
369.1%PS83.6x
ENJSA Enerjisa Enerji₺88.554.6%
+₺4.6b
42.6%PE90.5x
IZENR IZDEMIR Enerji Elektrik Uretim₺11.126.7%
+₺1.7b
126.0%PE45.9x
AKENR Akenerji Elektrik Üretim₺12.2014.2%
+₺1.1b
6.6%PS0.5x
BASGZ Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi₺43.002.4%
+₺700.0m
37.0%PE8.8x

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