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  • TR Market
  • /
  • Utilities

Turkish (BIST) Renewable Energy Industry Analysis

UpdatedSep 11, 2026
DataAggregated Company Financials
Companies26
  • 7D0.8%
  • 3M7.1%
  • 1Y52.4%
  • YTD21.0%

Over the last 7 days, the Renewable Energy industry has dropped 4.7%, driven by Birlesim Grup Enerji Yatirimlari declining 20%. Meanwhile, Margün Enerji Üretim Sanayi ve Ticaret actually outperformed within the industry, gaining 9.9% in the last week. Over the past 12 months, the industry was up 47%. As for the next few years, earnings are expected to grow by 34% per annum.

Industry Valuation and Performance

Has the Turkish Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Sep 2026₺555.1b₺142.3b-₺15,348,148,677.0016x-36.2x3.9x
Sun, 09 Aug 2026₺594.6b₺161.8b-₺24,005,082,106.0030.3x-24.8x3.7x
Tue, 07 Jul 2026₺499.2b₺155.6b-₺26,122,077,609.0026.2x-19.1x3.2x
Thu, 04 Jun 2026₺561.4b₺156.5b-₺26,734,217,088.0026.7x-21x3.6x
Sat, 02 May 2026₺554.9b₺163.4b-₺31,373,501,238.0023.4x-17.7x3.4x
Mon, 30 Mar 2026₺475.6b₺159.9b-₺29,654,887,026.0019.9x-16x3x
Wed, 25 Feb 2026₺462.0b₺126.4b-₺39,491,127,504.0019.3x-11.7x3.7x
Fri, 23 Jan 2026₺433.5b₺126.8b-₺39,977,424,663.0018.2x-10.8x3.4x
Sun, 21 Dec 2025₺399.0b₺126.6b-₺39,859,197,983.0019.8x-10x3.2x
Tue, 18 Nov 2025₺385.1b₺132.3b-₺38,275,837,579.0019.1x-10.1x2.9x
Thu, 16 Oct 2025₺326.4b₺125.9b-₺40,253,381,798.0031.3x-8.1x2.6x
Sat, 13 Sep 2025₺297.7b₺127.0b-₺39,109,900,096.0031.8x-7.6x2.3x
Mon, 11 Aug 2025₺320.7b₺126.4b-₺30,066,568,425.0017x-10.7x2.5x
Wed, 09 Jul 2025₺276.8b₺126.1b-₺30,267,808,118.0015.3x-9.1x2.2x
Fri, 06 Jun 2025₺269.8b₺126.1b-₺30,267,808,118.0015.7x-8.9x2.1x
Sun, 04 May 2025₺247.0b₺130.1b-₺16,900,974,792.0013.3x-14.6x1.9x
Tue, 01 Apr 2025₺253.7b₺130.1b-₺16,900,974,792.0012.7x-15x1.9x
Thu, 27 Feb 2025₺258.2b₺83.4b₺26.5b11.2x9.7x3.1x
Sat, 25 Jan 2025₺265.5b₺81.3b₺25.2b14.1x10.6x3.3x
Mon, 23 Dec 2024₺237.7b₺81.3b₺25.2b9.8x9.4x2.9x
Wed, 20 Nov 2024₺228.7b₺81.2b₺25.0b8.8x9.1x2.8x
Fri, 18 Oct 2024₺230.3b₺95.6b₺22.7b10.9x10.1x2.4x
Sun, 15 Sep 2024₺243.2b₺99.8b₺23.2b11.3x10.5x2.4x
Tue, 13 Aug 2024₺256.3b₺105.9b₺24.3b12.3x10.6x2.4x
Thu, 11 Jul 2024₺278.5b₺105.9b₺24.3b12.2x11.5x2.6x
Sat, 08 Jun 2024₺283.1b₺121.7b₺29.3b13.5x9.7x2.3x
Mon, 06 May 2024₺298.4b₺116.7b₺27.7b20.8x10.8x2.6x
Wed, 03 Apr 2024₺237.9b₺120.3b₺16.2b23.1x14.7x2x
Fri, 01 Mar 2024₺212.6b₺103.4b₺6.0b25x35.3x2.1x
Sun, 28 Jan 2024₺180.2b₺103.4b₺6.0b20.9x29.9x1.7x
Tue, 26 Dec 2023₺143.0b₺103.4b₺6.0b17.6x23.7x1.4x
Thu, 23 Nov 2023₺199.8b₺103.4b₺6.0b28.7x33.2x1.9x
Sat, 21 Oct 2023₺186.2b₺111.2b₺7.7b21.6x24.3x1.7x
Mon, 18 Sep 2023₺199.1b₺110.4b₺7.3b23.1x27.1x1.8x
  • Price to Earnings
  • Price to Sales
  • Median Price to Earnings
Price to Earnings Ratio

27.1x


Mon, 18 Sep 2023
Total Market Cap: ₺199.1bTotal Earnings: ₺7.3bTotal Revenue: ₺110.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Renewable Energy Industry Price to Earnings3Y Average 1.4x202420252026
Current Industry PE
  • Investors are optimistic on the Turkish Renewable Energy industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 8.8% 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 industry?

TR Market1.71%
Utilities1.95%
Renewable Energy0.80%
Independent Power Producers and Energy Traders1.85%
Renewable Energy0.42%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Independent Power Producers and Energy Traders industry, expecting annual earnings growth of 48% over the next 5 years.
    • This is better than its past earnings decline of 17% per year.
    • In contrast, the Renewable Energy industry is expected to see its earnings grow by 22% 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
    MAGEN Margün Enerji Üretim Sanayi ve Ticaret₺37.249.9%
    +₺9.9b
    79.6%PS78.5x
    AKFYE Akfen Yenilenebilir Enerji₺27.8823.1%
    +₺6.2b
    65.4%PE13.9x
    ECOGR Ecogreen Enerji Holding Anonim Sirketi₺36.288.7%
    +₺1.2b
    n/aPE46x
    ZOREN Zorlu Enerji Elektrik Üretim₺2.529.6%
    +₺1.1b
    -26.3%PS0.4x
    ENTRA IC Enterra Yenilenebilir Enerji₺4.416.0%
    +₺1.0b
    -17.7%PS6.1x

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    AKFYE
    ₺27.88
    Akfen Yenilenebilir Enerji
    7D
    23.1%
    1Y
    65.4%
    AKSUE
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    1Y
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    1Y
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    1Y
    79.6%
    METEN
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    Metgun Enerji Yatirimlari Anonim Sirketi
    7D
    7.4%
    1Y
    n/a
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    7D
    6.0%
    1Y
    -17.7%
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    1Y
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    1Y
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    Zorlu Enerji Elektrik Üretim
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    1Y
    -26.3%
    MOGAN
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    Mogan Enerji Yatirim Holding Anonim Sirketi
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    1Y
    44.0%
    ECOGR
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    Ecogreen Enerji Holding Anonim Sirketi
    7D
    8.7%
    1Y
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    BIGEN
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