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Turkish (BIST) Market Analysis & Valuation
UpdatedApr 04, 2025
DataAggregated Company Financials
Companies575
- 7D-1.8%
- 3M-2.2%
- 1Y3.1%
- YTD-1.4%
Over the last 7 days, the market has dropped 1.8%, driven by a pullback of 7.6% in the Financials sector. In the last year, the market is actually up 3.1%. Looking forward, earnings are forecast to grow by 29% annually.
Market Valuation and Performance
Has the Turkish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 04 Apr 2025 | ₺13.7t | ₺15.4t | ₺876.7b | 17.8x | 15.6x | 0.9x |
| Sun, 02 Mar 2025 | ₺13.3t | ₺13.3t | ₺1.1t | 16x | 12.5x | 1x |
| Tue, 28 Jan 2025 | ₺13.8t | ₺11.4t | ₺1.2t | 15.5x | 11.2x | 1.2x |
| Thu, 26 Dec 2024 | ₺13.4t | ₺11.4t | ₺1.2t | 15.6x | 10.9x | 1.2x |
| Sat, 23 Nov 2024 | ₺13.1t | ₺11.4t | ₺1.2t | 15.2x | 10.6x | 1.1x |
| Mon, 21 Oct 2024 | ₺12.1t | ₺11.6t | ₺1.4t | 14.6x | 8.9x | 1x |
| Wed, 18 Sep 2024 | ₺13.3t | ₺11.6t | ₺1.4t | 16.1x | 9.6x | 1.1x |
| Fri, 16 Aug 2024 | ₺13.3t | ₺11.6t | ₺1.4t | 16.7x | 9.5x | 1.1x |
| Sun, 14 Jul 2024 | ₺14.5t | ₺11.2t | ₺1.4t | 16.2x | 10.2x | 1.3x |
| Tue, 11 Jun 2024 | ₺13.7t | ₺11.1t | ₺1.4t | 15.8x | 9.8x | 1.2x |
| Thu, 09 May 2024 | ₺14.4t | ₺20.8t | ₺1.7t | 15.7x | 8.3x | 0.7x |
| Sat, 06 Apr 2024 | ₺13.0t | ₺10.2t | ₺1.4t | 14.9x | 9x | 1.3x |
| Mon, 04 Mar 2024 | ₺12.7t | ₺8.5t | ₺1.4t | 16.5x | 9.3x | 1.5x |
| Wed, 31 Jan 2024 | ₺11.3t | ₺8.2t | ₺1.4t | 13.6x | 8.2x | 1.4x |
| Fri, 29 Dec 2023 | ₺9.9t | ₺8.2t | ₺1.4t | 11.3x | 7.3x | 1.2x |
| Sun, 26 Nov 2023 | ₺11.1t | ₺8.2t | ₺1.3t | 13.6x | 8.2x | 1.4x |
| Tue, 24 Oct 2023 | ₺10.8t | ₺7.3t | ₺1.1t | 14.5x | 9.4x | 1.5x |
| Thu, 21 Sep 2023 | ₺9.8t | ₺7.2t | ₺1.1t | 14x | 8.6x | 1.4x |
| Sat, 19 Aug 2023 | ₺10.0t | ₺7.1t | ₺1.1t | 13.4x | 8.9x | 1.4x |
| Mon, 17 Jul 2023 | ₺7.3t | ₺6.7t | ₺1.1t | 11.9x | 6.9x | 1.1x |
| Wed, 14 Jun 2023 | ₺6.2t | ₺6.6t | ₺1.1t | 9.5x | 5.8x | 0.9x |
| Fri, 12 May 2023 | ₺5.4t | ₺6.5t | ₺1.1t | 7.9x | 5.1x | 0.8x |
| Sun, 09 Apr 2023 | ₺5.5t | ₺5.9t | ₺1.0t | 8.9x | 5.5x | 0.9x |
| Tue, 07 Mar 2023 | ₺5.9t | ₺5.7t | ₺928.7b | 10.6x | 6.4x | 1x |
| Thu, 02 Feb 2023 | ₺5.2t | ₺5.0t | ₺699.2b | 11.1x | 7.5x | 1x |
| Sat, 31 Dec 2022 | ₺6.2t | ₺4.9t | ₺680.5b | 14x | 9.1x | 1.2x |
| Mon, 28 Nov 2022 | ₺5.7t | ₺4.9t | ₺680.0b | 12.7x | 8.4x | 1.2x |
| Wed, 26 Oct 2022 | ₺4.4t | ₺3.9t | ₺501.3b | 12.5x | 8.7x | 1.1x |
| Fri, 23 Sep 2022 | ₺3.7t | ₺3.9t | ₺499.4b | 10.1x | 7.4x | 0.9x |
| Sun, 21 Aug 2022 | ₺3.5t | ₺3.9t | ₺495.1b | 9.7x | 7.1x | 0.9x |
| Tue, 19 Jul 2022 | ₺2.8t | ₺3.0t | ₺349.7b | 10.6x | 8x | 0.9x |
| Thu, 16 Jun 2022 | ₺2.9t | ₺3.0t | ₺349.5b | 10.2x | 8.2x | 0.9x |
| Sat, 14 May 2022 | ₺3.1t | ₺3.0t | ₺347.7b | 10.2x | 8.9x | 1x |
| Mon, 11 Apr 2022 | ₺2.6t | ₺2.5t | ₺282.7b | 11.7x | 9.3x | 1.1x |
Price to Earnings Ratio
9.3x
Current Market PE
- Investors are optimistic on the Turkish market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 15.6x which is higher than its 3-year average PE of 8.9x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 46% per year over the last three years.
- Revenues for these companies have grown 84% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Turkish Market?
| TR Market | -1.84% | |
| Real Estate | 4.57% | |
| Consumer Discretionary | 2.59% | |
| Healthcare | 2.23% | |
| Tech | 1.91% | |
| Utilities | 1.41% | |
| Materials | 0.42% | |
| Industrials | -0.044% | |
| Telecom | -0.87% | |
| Consumer Staples | -1.23% | |
| Energy | -3.73% | |
| Financials | -7.62% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 37.6x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 24% per year.
- In contrast, the Industrials sector is expected to see its earnings grow by 19% 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 | Sector | |
|---|---|---|---|---|---|---|
| FROTO Ford Otomotiv Sanayi | ₺1.08k | 4.7% +₺16.8b | -7.6% | PE9.7x | Consumer Discretionary | |
| ZRGYO Ziraat Gayrimenkul Yatirim Ortakligi | ₺20.56 | 8.6% +₺7.7b | 228.4% | PB1.8x | Real Estate | |
| GUBRF Gübre Fabrikalari Türk Anonim Sirketi | ₺268.75 | 8.5% +₺7.0b | 80.1% | PE100x | Materials | |
| CLEBI Çelebi Hava Servisi | ₺3.11k | 9.9% +₺6.8b | 82.5% | PE21.2x | Industrials | |
| BRYAT Borusan Yatirim ve Pazarlama | ₺2.08k | 10.0% +₺5.3b | -33.1% | PE28.8x | Financials |
