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Turkish (BIST) Utilities Sector Analysis

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies33
  • 7D4.1%
  • 3M11.5%
  • 1Y57.9%
  • YTD38.6%

The Utilities industry is up 4.1% in the last week, with Aksa Enerji Üretim up 19%. Meanwhile, Esenboga Elektrik Üretim actually underperformed within the industry, shrinking 26% in the last week. This means that the industry has gained 58% over the past year. Earnings are forecast to grow by 116% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 15 Dec 2022₺319.4b₺201.6b₺20.8b14.4x15.4x1.6x
Sat, 12 Nov 2022₺289.7b₺201.2b₺20.8b12.3x13.9x1.4x
Price to Earnings Ratio

13.9x


Total Market Cap: ₺289.7bTotal Earnings: ₺20.8bTotal Revenue: ₺201.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Utilities Sector Price to Earnings3Y Average 3.9x202320242025
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 43% 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 Market1.33%
Utilities4.09%
Renewable Energy4.58%
Gas Utilities3.92%
Electric Utilities3.34%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings decline of 65.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 169% 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?

CompanyLast Price7D1YValuation
AKSEN Aksa Enerji Üretim₺57.5018.6%
+₺11.1b
77.8%PE53.3x
ENERY Enerya Enerji Anonim Sirketi₺10.295.4%
+₺4.8b
173.1%PE32.6x
AHGAZ Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim₺29.083.9%
+₺2.9b
50.4%PE74.6x
IZENR IZDEMIR Enerji Elektrik Uretim₺10.149.6%
+₺2.2b
116.6%PE46.4x
CANTE Çan2 Termik₺2.5413.4%
+₺2.1b
78.9%PS3.2x

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