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Turkish (BIST) Utilities Sector Analysis
UpdatedJan 25, 2026
DataAggregated Company Financials
Companies34
- 7D2.0%
- 3M11.1%
- 1Y48.8%
- YTD4.8%
In the last week, the Utilities industry is up 2.0%, with Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim up 14%. In the same time, Esenboga Elektrik Üretim was down 23%. In the last 12 months, the industry was up 49%. As for the next few years, earnings are expected to grow by 27% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 25 Jan 2026 | ₺855.0b | ₺532.7b | -₺30,887,491,546.00 | 18.3x | -27.7x | 1.6x |
| Tue, 23 Dec 2025 | ₺797.7b | ₺532.5b | -₺30,769,264,866.00 | 19.1x | -25.9x | 1.5x |
| Thu, 20 Nov 2025 | ₺783.6b | ₺545.1b | -₺29,584,795,895.00 | 22.6x | -26.5x | 1.4x |
| Sat, 18 Oct 2025 | ₺709.6b | ₺552.5b | -₺38,022,803,171.00 | 30.9x | -18.7x | 1.3x |
| Mon, 15 Sep 2025 | ₺696.7b | ₺552.2b | -₺37,254,769,864.00 | 32.2x | -18.7x | 1.3x |
| Wed, 13 Aug 2025 | ₺714.1b | ₺560.9b | -₺30,747,535,404.00 | 17.1x | -23.2x | 1.3x |
| Fri, 11 Jul 2025 | ₺610.5b | ₺557.3b | -₺31,045,947,963.00 | 17.1x | -19.7x | 1.1x |
| Sun, 08 Jun 2025 | ₺565.5b | ₺556.9b | -₺30,757,404,606.00 | 16.9x | -18.4x | 1x |
| Tue, 06 May 2025 | ₺515.3b | ₺566.5b | -₺20,269,005,087.00 | 13.3x | -25.4x | 0.9x |
| Thu, 03 Apr 2025 | ₺514.3b | ₺566.5b | -₺20,269,005,087.00 | 13.4x | -25.4x | 0.9x |
| Sat, 01 Mar 2025 | ₺523.4b | ₺456.9b | ₺36.3b | 10.6x | 14.4x | 1.1x |
| Mon, 27 Jan 2025 | ₺543.9b | ₺359.8b | ₺35.3b | 9.7x | 15.4x | 1.5x |
| Wed, 25 Dec 2024 | ₺513.3b | ₺359.8b | ₺35.3b | 8.9x | 14.5x | 1.4x |
| Fri, 22 Nov 2024 | ₺508.5b | ₺375.4b | ₺34.0b | 9.7x | 14.9x | 1.4x |
| Sun, 20 Oct 2024 | ₺480.4b | ₺411.5b | ₺47.9b | 10.1x | 10x | 1.2x |
| Tue, 17 Sep 2024 | ₺491.8b | ₺414.7b | ₺52.0b | 10.2x | 9.5x | 1.2x |
| Thu, 15 Aug 2024 | ₺509.6b | ₺435.3b | ₺55.9b | 9x | 9.1x | 1.2x |
| Sat, 13 Jul 2024 | ₺554.3b | ₺426.1b | ₺56.3b | 8.7x | 9.8x | 1.3x |
| Mon, 10 Jun 2024 | ₺546.0b | ₺454.1b | ₺60.6b | 10.4x | 9x | 1.2x |
| Wed, 08 May 2024 | ₺578.6b | ₺467.2b | ₺57.4b | 15x | 10.1x | 1.2x |
| Fri, 05 Apr 2024 | ₺472.7b | ₺451.0b | ₺50.0b | 14.8x | 9.5x | 1x |
| Sun, 03 Mar 2024 | ₺484.6b | ₺367.0b | ₺50.4b | 16.5x | 9.6x | 1.3x |
| Tue, 30 Jan 2024 | ₺434.4b | ₺367.0b | ₺50.4b | 15.1x | 8.6x | 1.2x |
| Thu, 28 Dec 2023 | ₺340.0b | ₺363.0b | ₺49.8b | 10.6x | 6.8x | 0.9x |
| Sat, 25 Nov 2023 | ₺427.0b | ₺363.0b | ₺49.8b | 15.3x | 8.6x | 1.2x |
| Mon, 23 Oct 2023 | ₺420.4b | ₺352.0b | ₺36.2b | 13.8x | 11.6x | 1.2x |
| Wed, 20 Sep 2023 | ₺441.6b | ₺351.1b | ₺36.1b | 13.7x | 12.2x | 1.3x |
| Fri, 18 Aug 2023 | ₺403.3b | ₺334.9b | ₺36.6b | 12.3x | 11x | 1.2x |
| Sun, 16 Jul 2023 | ₺319.5b | ₺328.7b | ₺38.3b | 11.1x | 8.3x | 1x |
| Tue, 13 Jun 2023 | ₺273.0b | ₺297.3b | ₺37.0b | 8.7x | 7.4x | 0.9x |
| Thu, 11 May 2023 | ₺215.1b | ₺292.9b | ₺36.7b | 7.4x | 5.9x | 0.7x |
| Sat, 08 Apr 2023 | ₺255.4b | ₺265.3b | ₺34.5b | 9.5x | 7.4x | 1x |
| Mon, 06 Mar 2023 | ₺264.2b | ₺229.8b | ₺34.5b | 10.6x | 7.7x | 1.1x |
| Wed, 01 Feb 2023 | ₺276.4b | ₺204.2b | ₺21.5b | 11.4x | 12.9x | 1.4x |
Price to Earnings Ratio
12.9x
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 1.6x.
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 Market | 2.94% | |
| Utilities | 1.95% | |
| Gas Utilities | 6.19% | |
| Electric Utilities | 1.70% | |
| Renewable Energy | -0.077% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 12.8x.
- Analysts are expecting annual earnings growth of 20.2%, which is higher than its past year's earnings decline of 59.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Gas Utilities industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| AHGAZ Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim | ₺25.76 | 14.1% +₺8.3b | 29.0% | PE29.6x | |
| ENERY Enerya Enerji Anonim Sirketi | ₺9.33 | 2.8% +₺2.2b | 148.6% | PE25.7x | |
| BASGZ Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi | ₺45.42 | 7.6% +₺2.2b | 44.5% | PE9.3x | |
| ENJSA Enerjisa Enerji | ₺98.70 | 1.8% +₺2.0b | 56.7% | PE100.9x | |
| AYDEM Aydem Yenilenebilir Enerji | ₺23.20 | 6.9% +₺1.0b | -1.6% | PS1.6x |