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Turkish (BIST) Utilities Sector Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies34
  • 7D3.3%
  • 3M9.4%
  • 1Y59.7%
  • YTD8.2%

The Utilities industry is up 3.3% in the last week, with Enerjisa Enerji up 6.1%. This takes the industry's 12 month performance to a gain of 60%. Earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026₺883.0b₺531.9b-₺31,255,714,745.0018.7x-28.3x1.7x
Tue, 30 Dec 2025₺799.2b₺532.5b-₺30,769,264,866.0017.7x-26x1.5x
Thu, 27 Nov 2025₺778.1b₺534.1b-₺30,037,460,488.0018.1x-25.9x1.5x
Sat, 25 Oct 2025₺726.7b₺552.5b-₺38,022,803,171.0032x-19.1x1.3x
Mon, 22 Sep 2025₺738.3b₺552.9b-₺37,783,120,951.0034.5x-19.5x1.3x
Wed, 20 Aug 2025₺747.3b₺556.3b-₺33,549,336,997.0020.4x-22.3x1.3x
Fri, 18 Jul 2025₺627.9b₺557.3b-₺31,045,947,963.0017.5x-20.2x1.1x
Sun, 15 Jun 2025₺565.8b₺557.3b-₺31,045,947,963.0016.1x-18.2x1x
Tue, 13 May 2025₺538.5b₺566.2b-₺20,816,890,419.0013.9x-25.9x1x
Thu, 10 Apr 2025₺523.6b₺566.5b-₺20,269,005,087.0014x-25.8x0.9x
Sat, 08 Mar 2025₺539.9b₺500.2b₺25.0b11.7x21.6x1.1x
Mon, 03 Feb 2025₺522.8b₺359.8b₺35.3b9.4x14.8x1.5x
Wed, 01 Jan 2025₺534.2b₺359.8b₺35.3b9.9x15.1x1.5x
Fri, 29 Nov 2024₺516.7b₺363.5b₺35.1b8.7x14.7x1.4x
Sun, 27 Oct 2024₺487.3b₺411.0b₺51.2b9.3x9.5x1.2x
Tue, 24 Sep 2024₺500.9b₺415.4b₺56.5b9.7x8.9x1.2x
Thu, 22 Aug 2024₺514.0b₺426.3b₺55.7b8.9x9.2x1.2x
Sat, 20 Jul 2024₺559.8b₺426.1b₺56.3b8.4x9.9x1.3x
Mon, 17 Jun 2024₺556.2b₺434.0b₺58.9b10.5x9.4x1.3x
Wed, 15 May 2024₺566.4b₺477.8b₺62.8b12.1x9x1.2x
Fri, 12 Apr 2024₺547.7b₺451.2b₺49.6b16.4x11x1.2x
Sun, 10 Mar 2024₺510.8b₺384.4b₺50.6b15.8x10.1x1.3x
Tue, 06 Feb 2024₺454.4b₺367.0b₺50.4b15.6x9x1.2x
Thu, 04 Jan 2024₺355.8b₺363.0b₺49.8b11.6x7.2x1x
Sat, 02 Dec 2023₺411.2b₺363.0b₺49.8b14x8.3x1.1x
Mon, 30 Oct 2023₺426.5b₺355.7b₺36.9b13.3x11.5x1.2x
Wed, 27 Sep 2023₺487.1b₺351.1b₺36.1b15.7x13.5x1.4x
Fri, 25 Aug 2023₺403.1b₺335.5b₺36.0b13.2x11.2x1.2x
Sun, 23 Jul 2023₺343.8b₺328.6b₺38.3b11.9x9x1x
Tue, 20 Jun 2023₺260.0b₺312.4b₺37.6b9x6.9x0.8x
Thu, 18 May 2023₺227.2b₺297.3b₺37.0b7.3x6.1x0.8x
Sat, 15 Apr 2023₺256.9b₺265.3b₺34.5b9.7x7.5x1x
Mon, 13 Mar 2023₺275.1b₺258.8b₺33.3b11x8.3x1.1x
Wed, 08 Feb 2023₺251.6b₺204.2b₺21.5b10.7x11.7x1.2x
Price to Earnings Ratio

11.7x


Total Market Cap: ₺251.6bTotal Earnings: ₺21.5bTotal Revenue: ₺204.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Utilities Sector Price to Earnings3Y Average 0.6x202420252026
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 1.7x.
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 Market4.84%
Utilities3.28%
Electric Utilities5.55%
Gas Utilities5.41%
Renewable Energy1.10%
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?

CompanyLast Price7D1YValuation
ENJSA Enerjisa Enerji₺104.706.1%
+₺7.1b
70.8%PE107x
ENERY Enerya Enerji Anonim Sirketi₺9.926.3%
+₺5.3b
171.1%PE27.3x
AKSEN Aksa Enerji Üretim₺73.705.9%
+₺5.0b
79.3%PE67.1x
AYGAZ Aygaz₺239.809.9%
+₺4.8b
50.9%PE16.9x
AHGAZ Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim₺26.523.0%
+₺2.0b
37.9%PE30.5x

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