Türkiye Vakiflar Bankasi Türk Anonim Ortakligi

IBSE:VAKBN Stock Report

Market Cap: ₺256.2b

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi Valuation

Is VAKBN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VAKBN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

₺0.15
Fair Value
17.2k% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: Insufficient data to calculate VAKBN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate VAKBN's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VAKBN?

Key metric: As VAKBN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VAKBN. This is calculated by dividing VAKBN's market cap by their current earnings.
What is VAKBN's PE Ratio?
PE Ratio4.3x
Earnings₺59.41b
Market Cap₺256.23b

Price to Earnings Ratio vs Peers

How does VAKBN's PE Ratio compare to its peers?

The above table shows the PE ratio for VAKBN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.8x
HALKB Türkiye Halk Bankasi
9x33.31%₺207.1b
YKBNK Yapi ve Kredi Bankasi
8x29.48%₺274.0b
ISCTR Türkiye Is Bankasi
7.2x31.01%₺380.4b
AKBNK Akbank T.A.S
7.2x28.62%₺309.1b
VAKBN Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
4.3x30.25%₺256.2b

Price-To-Earnings vs Peers: VAKBN is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (7.8x).

Price to Earnings Ratio vs Industry

How does VAKBN's PE Ratio compare vs other companies in the Asian Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VAKBN 4.3xIndustry Avg. 9.6xNo. of Companies69PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VAKBN is good value based on its Price-To-Earnings Ratio (4.3x) compared to the Asian Banks industry average (9.6x).

Price to Earnings Ratio vs Fair Ratio

What is VAKBN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VAKBN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ratio6.5x

Price-To-Earnings vs Fair Ratio: VAKBN is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (6.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VAKBN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₺25.84
₺33.06
+27.96%
25.90%₺44.10₺20.00n/a9
Sep ’26₺28.86
₺32.95
+14.18%
26.51%₺44.10₺19.00n/a9
Aug ’26₺28.86
₺31.39
+8.76%
23.87%₺39.66₺19.00n/a9
Jul ’26₺26.66
₺30.96
+16.13%
22.33%₺39.66₺19.00n/a10
Jun ’26₺22.54
₺30.96
+37.35%
22.33%₺39.66₺19.00n/a10
May ’26₺20.72
₺31.15
+50.36%
22.71%₺39.66₺18.00n/a10
Apr ’26₺23.96
₺30.93
+29.11%
22.48%₺39.66₺18.00n/a10
Mar ’26₺25.90
₺31.17
+20.36%
21.63%₺39.66₺18.00n/a10
Feb ’26₺27.46
₺31.11
+13.31%
21.64%₺39.66₺18.00n/a10
Jan ’26₺23.32
₺25.20
+8.05%
20.04%₺33.00₺16.82n/a11
Dec ’25₺23.18
₺25.10
+8.27%
20.27%₺33.00₺16.82n/a11
Nov ’25₺20.32
₺25.01
+23.06%
19.52%₺33.00₺16.82n/a12
Oct ’25₺22.36
₺24.43
+9.24%
21.63%₺33.00₺16.82₺26.9812
Sep ’25₺18.92
₺22.91
+21.08%
22.09%₺31.36₺15.58₺28.8612
Aug ’25₺20.74
₺22.37
+7.87%
21.79%₺31.36₺15.58₺28.8611
Jul ’25₺20.84
₺22.28
+6.90%
22.52%₺31.36₺15.58₺26.6610
Jun ’25₺22.14
₺22.28
+0.62%
22.52%₺31.36₺15.58₺22.5410
May ’25₺19.68
₺19.55
-0.64%
15.62%₺23.76₺15.00₺20.7211
Apr ’25₺14.30
₺19.10
+33.56%
20.02%₺23.76₺11.00₺23.9611
Mar ’25₺14.25
₺17.60
+23.48%
29.04%₺23.76₺6.40₺25.9013
Feb ’25₺14.26
₺16.69
+17.04%
29.29%₺23.00₺6.40₺27.4614
Jan ’25₺12.84
₺15.67
+22.00%
30.49%₺23.00₺6.40₺23.3214
Dec ’24₺13.98
₺15.04
+7.56%
33.63%₺23.00₺6.40₺23.1814
Nov ’24₺16.20
₺13.61
-15.99%
30.23%₺23.00₺6.40₺20.3214
Oct ’24₺14.38
₺12.02
-16.43%
22.30%₺16.50₺6.40₺22.3614
₺33.06
Fair Value
21.8% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 12:42
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is covered by 31 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hakan AygünAk Yatirim Menkul Degerler A.S.
null nullAta Invest
Cagdas DoganBNP Paribas Securities (Asia)