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Turkish (BIST) Utilities Sector Analysis
UpdatedNov 15, 2025
DataAggregated Company Financials
Companies34
- 7D-1.5%
- 3M1.1%
- 1Y43.8%
- YTD34.4%
Over the last 7 days, the Utilities industry has dropped 4.3%, driven by a pullback from Lydia Yesil Enerji Kaynaklari of 22%. Meanwhile, Ecogreen Enerji Holding Anonim Sirketi actually outperformed within the industry, gaining 46% in the last week. This takes the industry's 12 month performance to a gain of 41%. Earnings are forecast to grow by 104% 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 |
|---|---|---|---|---|---|---|
| Tue, 18 Nov 2025 | ₺768.5b | ₺572.2b | -₺29,489,904,139.00 | 23.6x | -26.1x | 1.3x |
| Thu, 16 Oct 2025 | ₺714.8b | ₺552.5b | -₺38,022,803,171.00 | 31.3x | -18.8x | 1.3x |
| Sat, 13 Sep 2025 | ₺696.7b | ₺552.2b | -₺37,254,769,864.00 | 32.2x | -18.7x | 1.3x |
| Mon, 11 Aug 2025 | ₺702.7b | ₺557.5b | -₺30,844,708,270.00 | 17.4x | -22.8x | 1.3x |
| Wed, 09 Jul 2025 | ₺596.4b | ₺557.3b | -₺31,045,947,963.00 | 16.7x | -19.2x | 1.1x |
| Fri, 06 Jun 2025 | ₺565.5b | ₺556.9b | -₺30,757,404,606.00 | 16.9x | -18.4x | 1x |
| Sun, 04 May 2025 | ₺515.1b | ₺566.5b | -₺20,269,005,087.00 | 13.7x | -25.4x | 0.9x |
| Tue, 01 Apr 2025 | ₺517.0b | ₺566.5b | -₺20,269,005,087.00 | 13.3x | -25.5x | 0.9x |
| Thu, 27 Feb 2025 | ₺517.3b | ₺387.3b | ₺34.2b | 10.8x | 15.1x | 1.3x |
| Sat, 25 Jan 2025 | ₺543.9b | ₺359.8b | ₺35.3b | 9.7x | 15.4x | 1.5x |
| Mon, 23 Dec 2024 | ₺521.2b | ₺359.8b | ₺35.3b | 9x | 14.7x | 1.4x |
| Wed, 20 Nov 2024 | ₺507.2b | ₺375.3b | ₺33.9b | 9.5x | 15x | 1.4x |
| Fri, 18 Oct 2024 | ₺488.3b | ₺411.5b | ₺47.9b | 10.3x | 10.2x | 1.2x |
| Sun, 15 Sep 2024 | ₺488.8b | ₺414.7b | ₺52.0b | 10.1x | 9.4x | 1.2x |
| Tue, 13 Aug 2024 | ₺511.0b | ₺435.3b | ₺55.9b | 8.2x | 9.1x | 1.2x |
| Thu, 11 Jul 2024 | ₺548.0b | ₺426.1b | ₺56.3b | 8.4x | 9.7x | 1.3x |
| Sat, 08 Jun 2024 | ₺546.0b | ₺458.9b | ₺61.8b | 10.4x | 8.8x | 1.2x |
| Mon, 06 May 2024 | ₺581.4b | ₺467.2b | ₺57.4b | 15.4x | 10.1x | 1.2x |
| Wed, 03 Apr 2024 | ₺486.3b | ₺457.6b | ₺42.0b | 14.8x | 11.6x | 1.1x |
| Fri, 01 Mar 2024 | ₺481.6b | ₺367.0b | ₺50.4b | 16x | 9.6x | 1.3x |
| Sun, 28 Jan 2024 | ₺426.0b | ₺367.0b | ₺50.4b | 15x | 8.5x | 1.2x |
| Tue, 26 Dec 2023 | ₺344.3b | ₺363.0b | ₺49.8b | 11.8x | 6.9x | 0.9x |
| Thu, 23 Nov 2023 | ₺436.7b | ₺363.0b | ₺49.8b | 15.7x | 8.8x | 1.2x |
| Sat, 21 Oct 2023 | ₺420.4b | ₺351.9b | ₺36.4b | 13.8x | 11.5x | 1.2x |
| Mon, 18 Sep 2023 | ₺453.9b | ₺351.1b | ₺36.1b | 14.2x | 12.6x | 1.3x |
| Wed, 16 Aug 2023 | ₺375.1b | ₺340.4b | ₺39.6b | 12.5x | 9.5x | 1.1x |
| Fri, 14 Jul 2023 | ₺317.0b | ₺328.7b | ₺38.3b | 10.8x | 8.3x | 1x |
| Sun, 11 Jun 2023 | ₺270.7b | ₺297.3b | ₺37.0b | 8.7x | 7.3x | 0.9x |
| Tue, 09 May 2023 | ₺222.1b | ₺286.7b | ₺36.2b | 8.3x | 6.1x | 0.8x |
| Thu, 06 Apr 2023 | ₺253.5b | ₺265.3b | ₺34.5b | 9.6x | 7.4x | 1x |
| Sat, 04 Mar 2023 | ₺264.2b | ₺229.8b | ₺34.5b | 10.4x | 7.7x | 1.1x |
| Mon, 30 Jan 2023 | ₺290.7b | ₺204.2b | ₺21.5b | 11.8x | 13.5x | 1.4x |
| Wed, 28 Dec 2022 | ₺344.4b | ₺201.6b | ₺20.8b | 14.6x | 16.6x | 1.7x |
| Fri, 25 Nov 2022 | ₺326.1b | ₺201.6b | ₺20.8b | 16.4x | 15.7x | 1.6x |
Price to Earnings Ratio
15.7x
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 1.3x.
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 42% 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 | -1.24% | |
| Utilities | -1.49% | |
| Gas Utilities | 0.84% | |
| Electric Utilities | -2.23% | |
| Renewable Energy | -2.55% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 12.4x.
- Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings decline of 54.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 152% over the next 5 years.
- This is better than its past earnings decline of 41% 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 | |
|---|---|---|---|---|---|
| ECOGR Ecogreen Enerji Holding Anonim Sirketi | ₺29.60 | 60.9% +₺4.8b | n/a | PE20.8x | |
| MAGEN Margün Enerji Üretim Sanayi ve Ticaret | ₺33.40 | 2.6% +₺2.5b | 325.4% | PS73.6x | |
| AYGAZ Aygaz | ₺209.20 | 5.4% +₺2.4b | 22.7% | PE14.8x | |
| ESEN Esenboga Elektrik Üretim | ₺8.05 | 11.3% +₺1.5b | 175.7% | PS9.2x | |
| ENERY Enerya Enerji Anonim Sirketi | ₺9.75 | 1.6% +₺1.3b | 121.7% | PE24.2x |