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Turkish (BIST) Utilities Sector Analysis
UpdatedSep 19, 2025
DataAggregated Company Financials
Companies32
- 7D5.0%
- 3M31.0%
- 1Y43.4%
- YTD31.9%
Over the last 7 days, the Utilities industry has risen 5.0%, driven by gains in Enerjisa Enerji and Margün Enerji Üretim Sanayi ve Ticaret of 7.2% and 9.2%, respectively. This takes the industry's 12 month performance to a gain of 43%. Earnings are forecast to grow by 113% annually.
Sector Valuation and Performance
Has the Turkish Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | ₺732.8b | ₺552.2b | -₺37,213,877,468.00 | 34.1x | -19.7x | 1.3x |
| Sun, 17 Aug 2025 | ₺738.5b | ₺555.9b | -₺32,470,171,924.00 | 18.7x | -22.7x | 1.3x |
| Tue, 15 Jul 2025 | ₺612.3b | ₺557.3b | -₺31,045,947,963.00 | 17.1x | -19.7x | 1.1x |
| Thu, 12 Jun 2025 | ₺580.1b | ₺556.9b | -₺30,757,404,606.00 | 17.5x | -18.9x | 1x |
| Sat, 10 May 2025 | ₺529.8b | ₺566.2b | -₺20,816,890,419.00 | 13.9x | -25.5x | 0.9x |
| Mon, 07 Apr 2025 | ₺510.7b | ₺566.5b | -₺20,269,005,087.00 | 13.2x | -25.2x | 0.9x |
| Wed, 05 Mar 2025 | ₺514.9b | ₺486.2b | ₺32.2b | 9.9x | 16x | 1.1x |
| Fri, 31 Jan 2025 | ₺526.0b | ₺359.8b | ₺35.3b | 9.3x | 14.9x | 1.5x |
| Sun, 29 Dec 2024 | ₺528.7b | ₺359.8b | ₺35.3b | 9.6x | 15x | 1.5x |
| Tue, 26 Nov 2024 | ₺517.7b | ₺375.4b | ₺34.0b | 9.8x | 15.2x | 1.4x |
| Thu, 24 Oct 2024 | ₺475.0b | ₺411.5b | ₺47.9b | 10x | 9.9x | 1.2x |
| Sat, 21 Sep 2024 | ₺500.9b | ₺417.0b | ₺55.8b | 10.2x | 9x | 1.2x |
| Mon, 19 Aug 2024 | ₺515.9b | ₺426.1b | ₺55.7b | 9x | 9.3x | 1.2x |
| Wed, 17 Jul 2024 | ₺556.5b | ₺426.1b | ₺56.3b | 8.5x | 9.9x | 1.3x |
| Fri, 14 Jun 2024 | ₺541.4b | ₺443.4b | ₺60.8b | 10.4x | 8.9x | 1.2x |
| Sun, 12 May 2024 | ₺576.3b | ₺477.8b | ₺62.8b | 12.1x | 9.2x | 1.2x |
| Tue, 09 Apr 2024 | ₺537.2b | ₺451.1b | ₺49.6b | 16.2x | 10.8x | 1.2x |
| Thu, 07 Mar 2024 | ₺462.1b | ₺384.4b | ₺50.6b | 15.5x | 9.1x | 1.2x |
| Sat, 03 Feb 2024 | ₺449.9b | ₺367.0b | ₺50.4b | 15.9x | 8.9x | 1.2x |
| Mon, 01 Jan 2024 | ₺361.7b | ₺363.0b | ₺49.8b | 11.7x | 7.3x | 1x |
| Wed, 29 Nov 2023 | ₺426.2b | ₺363.0b | ₺49.8b | 14.4x | 8.6x | 1.2x |
| Fri, 27 Oct 2023 | ₺430.1b | ₺352.0b | ₺36.0b | 13.5x | 11.9x | 1.2x |
| Sun, 24 Sep 2023 | ₺462.5b | ₺351.1b | ₺36.1b | 14.4x | 12.8x | 1.3x |
| Tue, 22 Aug 2023 | ₺391.6b | ₺335.3b | ₺36.2b | 12.3x | 10.8x | 1.2x |
| Thu, 20 Jul 2023 | ₺323.8b | ₺328.7b | ₺38.8b | 10.8x | 8.4x | 1x |
| Sat, 17 Jun 2023 | ₺267.0b | ₺297.3b | ₺36.9b | 9x | 7.2x | 0.9x |
| Mon, 15 May 2023 | ₺219.7b | ₺297.2b | ₺37.0b | 7.8x | 5.9x | 0.7x |
| Wed, 12 Apr 2023 | ₺265.6b | ₺265.3b | ₺34.5b | 9.9x | 7.7x | 1x |
| Fri, 10 Mar 2023 | ₺280.8b | ₺258.2b | ₺33.3b | 11x | 8.4x | 1.1x |
| Sun, 05 Feb 2023 | ₺264.4b | ₺204.2b | ₺21.5b | 11.1x | 12.3x | 1.3x |
| Tue, 03 Jan 2023 | ₺349.4b | ₺201.6b | ₺20.8b | 14.1x | 16.8x | 1.7x |
| Thu, 01 Dec 2022 | ₺327.6b | ₺201.6b | ₺20.8b | 15.8x | 15.8x | 1.6x |
| Sat, 29 Oct 2022 | ₺247.6b | ₺155.3b | ₺14.7b | 12.4x | 16.8x | 1.6x |
| Mon, 26 Sep 2022 | ₺202.5b | ₺155.3b | ₺14.7b | 10.5x | 13.7x | 1.3x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are relatively neutral on the Turkish Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
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 53% 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 Market | 4.94% | |
| Utilities | 5.02% | |
| Renewable Energy | 8.01% | |
| Electric Utilities | 6.06% | |
| Gas Utilities | 0.70% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 11.6x.
- Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings decline of 64.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 162% over the next 5 years.
- This is better than its past earnings decline of 64% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings grow by 25% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ENJSA Enerjisa Enerji | ₺75.00 | 7.2% +₺6.0b | 28.1% | PS0.5x | |
| MAGEN Margün Enerji Üretim Sanayi ve Ticaret | ₺56.60 | 9.2% +₺5.6b | 162.0% | PS54.8x | |
| AKSEN Aksa Enerji Üretim | ₺38.36 | 5.4% +₺2.4b | 1.7% | PE35.6x | |
| MOGAN Mogan Enerji Yatirim Holding Anonim Sirketi | ₺10.27 | 10.2% +₺2.3b | -8.1% | PS2.1x | |
| ESEN Esenboga Elektrik Üretim | ₺12.10 | 10.5% +₺2.1b | 326.5% | PS16.4x |