Best Turkish Stocks: November 2026
Value 77: cheap on P/E and cheap on EV/EBITDA. Momentum 76: outperforming the market over 6 months and above its moving averages. Quality 69: ROIC in the top 5% of its sector and low debt.
As of 3 Nov 2026, Akis Gayrimenkul Yatirim Ortakligi A.S. (AKSGY.IS) ranks first on MoatMap's November 2026 list of Turkish stocks, with a MoatMap Score of 99/100, among stocks above its $250M market-cap floor. A research ranking, not investment advice.
November 2026 edition · data as of ·6 new, 6 out, biggest climb EBEBK.IS since October·Next edition forms ·How we score stocks·How past rankings did·All Turkey stocks, refreshed daily
Top 25 Turkish Stocks by MoatMap Score
- New in November 2026: Türkiye Sinai Kalkinma Bankasi A.S. TSKB.IS, Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. GRSEL.IS, Turkiye Garanti Bankasi A.S. GARAN.IS, Ülker Bisküvi Sanayi A.S. ULKER.IS, TAV Havalimanlari Holding A.S. TAVHL.IS, AgeSA Hayat ve Emeklilik Anonim Sirketi AGESA.IS
- Dropped out: Logo Yazilim Sanayi ve Ticaret A.S. LOGO.IS, Dogu Aras Enerji Yatirimlari AS ARASE.IS, Ege Profil Ticaret ve Sanayi Anonim Sirketi EGPRO.IS, Dogan Sirketler Grubu Holding A.S. DOHOL.IS, Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. TRENJ.IS, Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S. YGGYO.IS
- Biggest climbs: Ebebek Magazacilik Anonim Sirketi EBEBK.IS #23 to #6, Türkiye Is Bankasi A.S. ISCTR.IS #24 to #12, Albaraka Türk Katilim Bankasi A.S. ALBRK.IS #20 to #13
- Biggest falls: Reysas Gayrimenkul Yatirim Ortakligi A.S. RYGYO.IS #14 to #22, Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. KRDMD.IS #3 to #10, Coca-Cola Içecek Anonim Sirketi CCOLA.IS #9 to #11
What changed since October: 6 new, 6 out
- New in November 2026: Türkiye Sinai Kalkinma Bankasi A.S. TSKB.IS, Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. GRSEL.IS, Turkiye Garanti Bankasi A.S. GARAN.IS, Ülker Bisküvi Sanayi A.S. ULKER.IS, TAV Havalimanlari Holding A.S. TAVHL.IS, AgeSA Hayat ve Emeklilik Anonim Sirketi AGESA.IS
- Dropped out: Logo Yazilim Sanayi ve Ticaret A.S. LOGO.IS, Dogu Aras Enerji Yatirimlari AS ARASE.IS, Ege Profil Ticaret ve Sanayi Anonim Sirketi EGPRO.IS, Dogan Sirketler Grubu Holding A.S. DOHOL.IS, Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. TRENJ.IS, Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S. YGGYO.IS
- Biggest climbs: Ebebek Magazacilik Anonim Sirketi EBEBK.IS #23 to #6, Türkiye Is Bankasi A.S. ISCTR.IS #24 to #12, Albaraka Türk Katilim Bankasi A.S. ALBRK.IS #20 to #13
- Biggest falls: Reysas Gayrimenkul Yatirim Ortakligi A.S. RYGYO.IS #14 to #22, Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. KRDMD.IS #3 to #10, Coca-Cola Içecek Anonim Sirketi CCOLA.IS #9 to #11
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Yield 5.2% | P/E 4.0 | 99 Score | 69 Q | 77 V | 76 M | Full HouseDir. buyBuyback | ||
| 2 | Value 77: cheap on P/E and below book value. Momentum 73: outperforming the market over 6 months and above its moving averages. Quality 71: ROIC in the top 10% of its sector and high return on equity. | Yield 5.6% | P/E 2.8 | 99 Score | 71 Q | 77 V | 73 M | Full House | |
| 3 | Momentum 75: quarterly earnings growing and outperforming the market over 6 months. Value 73: cheap on EV/EBITDA and cheap on free cash flow. Quality 72: strong free cash flow and ROIC in the top 5% of its sector. | Yield 4.5% | P/E 20.1 | 99 Score | 72 Q | 73 V | 75 M | Full House | |
| 4 | Quality 75: strong free cash flow and ROIC in the top 5% of its sector. Value 73: cheap on free cash flow and cheap on sales. Momentum 67: above its moving averages and outperforming the market over 6 months. | Yield 4.8% | P/E 9.5 | 98 Score | 75 Q | 73 V | 67 M | Full House | |
| 5 | Momentum 74: outperforming the market over 6 months and EPS improving. Quality 72: low debt and a liquid balance sheet. Value 63: cheap on EV/EBITDA and below book value. | Yield 5.8% | P/E 9.3 | 97 Score | 72 Q | 63 V | 74 M | Full House | |
| 6 | Momentum 80: outperforming the market over 6 months and quarterly earnings growing. Value 65: cheap on free cash flow and cheap on EV/EBITDA. Quality 64: strong free cash flow and high gross profitability. | Yield 1.6% | P/E 16.9 | 97 Score | 64 Q | 65 V | 80 M | Full House | |
| 7 | Value 76: cheap on EV/EBITDA and cheap on free cash flow. Quality 73: strong free cash flow and ROIC in the top 5% of its sector. Momentum 60: EPS improving and estimates revised up. | Yield 5.0% | P/E 12.8 | 97 Score | 73 Q | 76 V | 60 M | Full HouseBuyback | |
| 8 | Value 82: cheap on sales and cheap on free cash flow. Momentum 71: EPS improving and quarterly earnings growing. Quality 54: ROIC in the top 15% of its sector but a tight balance sheet. | Yield 2.8% | P/E 12.9 | 97 Score | 54 Q | 82 V | 71 M | Full House | |
| 9 | Quality 79: F-Score 9/9 and strong free cash flow. Momentum 74: near its 52-week high and outperforming the market over 6 months. Value 51: cheap on free cash flow but far above book value. | Yield 1.2% | P/E 23.1 | 96 Score | 79 Q | 51 V | 74 M | Full House | |
| 10 | Value 79: cheap on free cash flow and below book value. Momentum 71: outperforming the market over 6 months and above its moving averages. Quality 52: strong free cash flow but low gross profitability. | Yield — | P/E 9.0 | 95 Score | 52 Q | 79 V | 71 M | Full HouseBuyback | |
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| 11 | Quality 71: ROIC in the top 5% of its sector and F-Score 8/9. Momentum 69: outperforming the market over 6 months and estimates revised up. Value 61: cheap on P/E and cheap on EV/EBITDA. | Yield 1.9% | P/E 9.7 | 95 Score | 71 Q | 61 V | 69 M | Full House | |
| 12 | Value 86: valuation ratios not meaningful for a financial. Quality 65: F-Score 7/7 and high return on equity. Momentum 49: EPS improving but quarterly earnings shrinking. | Yield 4.6% | P/E 4.3 | 94 Score | 65 Q | 86 V | 49 M | Unloved Quality | |
| 13 | Value 85: valuation ratios not meaningful for a financial. Quality 59: high return on equity but a weak F-Score 3/7. Momentum 55: outperforming the market over 6 months but EPS deteriorating. | Yield 3.3% | P/E 2.1 | 94 Score | 59 Q | 85 V | 55 M | Full House | |
| 14 | Quality 88: wide operating margins and ROIC in the top 5% of its sector. Momentum 75: above its moving averages and outperforming the market over 6 months. Value 37: expensive on sales. | Yield — | P/E 11.6 | 94 Score | 88 Q | 37 V | 75 M | Premium Grower | |
| 15 | Value 81: cheap on P/E and cheap on sales; EV/EBITDA and P/FCF excluded. Quality 76: high return on equity and high gross profitability. Momentum 40: EPS deteriorating. | Yield 6.2% | P/E 2.8 | 93 Score | 76 Q | 81 V | 40 M | Unloved Quality | |
| 16 | Value 72: cheap on EV/EBITDA and cheap on P/E. Quality 61: ROIC in the top 10% of its sector and high return on equity. Momentum 61: estimates revised up and outperforming the market over 6 months. | Yield — | P/E 11.6 | 92 Score | 61 Q | 72 V | 61 M | Full HouseDir. buy | |
| 17 | Value 89: valuation ratios not meaningful for a financial. Quality 70: wide operating margins and high return on equity. Momentum 35: below its moving averages. | Yield 6.0% | P/E 2.3 | 92 Score | 70 Q | 89 V | 35 M | Unloved Quality | |
| 18 | Quality 87: ROIC in the top 5% of its sector and wide operating margins. Value 56: cheap on EV/EBITDA but little or no yield. Momentum 49: outperforming the market over 6 months but below its moving averages. | Yield 0.6% | P/E 12.5 | 91 Score | 87 Q | 56 V | 49 M | Unloved QualityBuyback | |
| 19 | Momentum 95: outperforming the market over 6 months and quarterly earnings growing. Quality 62: strong free cash flow and low debt. Value 33: little or no yield. | Yield 0.1% | P/E 21.7 | 90 Score | 62 Q | 33 V | 95 M | Premium GrowerBuyback | |
| 20 | Value 75: valuation ratios not meaningful for a financial. Quality 60: high return on equity. Momentum 55: outperforming the market over 6 months. | Yield 4.2% | P/E 4.3 | 90 Score | 60 Q | 75 V | 55 M | Full House | |
| 21 | Quality 72: a liquid balance sheet and wide operating margins. Momentum 69: outperforming the market over 6 months and quarterly earnings growing. Value 50: cheap on P/E but expensive on sales. | Yield — | P/E 7.0 | 90 Score | 72 Q | 50 V | 69 M | Premium GrowerDir. buyBuyback | |
| 22 | Momentum 89: outperforming the market over 6 months and above its moving averages. Quality 66: wide operating margins and ROIC in the top 5% of its sector. Value 34: expensive on sales. | Yield — | P/E 6.0 | 89 Score | 66 Q | 34 V | 89 M | Premium Grower | |
| 23 | Value 90: cheap on free cash flow and a high yield. Quality 51: strong free cash flow but high debt. Momentum 47: estimates revised up but below its moving averages. | Yield 7.7% | P/E 6.2 | 88 Score | 51 Q | 90 V | 47 M | Unloved QualityDeep dive → | |
| 24 | Value 70: cheap on sales and below book value; EV/EBITDA excluded. Momentum 60: outperforming the market over 6 months and estimates revised up. Quality 58: high gross profitability but high debt. | Yield 1.4% | P/E 11.7 | 88 Score | 58 Q | 70 V | 60 M | Full House | |
| 25 | Quality 70: high return on equity and F-Score 7/7. Value 67: cheap on P/E and cheap on sales; EV/EBITDA and P/FCF excluded. Momentum 50: quarterly earnings growing but EPS deteriorating. | Yield 3.5% | P/E 4.5 | 88 Score | 70 Q | 67 V | 50 M | Full House | |
Ranked by MoatMap Score (Quality + Value + Momentum composite) at a minimum market cap of $250M. Yield and P/E are as of the data date; click a ticker for today’s price and score. A new edition is generated on the first scoring run of each month.
Director buying reported in the 90 days to : Akis Gayrimenkul Yatirim Ortakligi A.S. AKSGY.IS, MLP Saglik Hizmetleri A.S. MPARK.IS, Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi TCKRC.IS
Active share buybacks in the 180 days to : Akis Gayrimenkul Yatirim Ortakligi A.S. AKSGY.IS, Mavi Giyim Sanayi ve Ticaret A.S. MAVI.IS, Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. KRDMD.IS, Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. GRSEL.IS, Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. AHGAZ.IS, Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi TCKRC.IS
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How Turkey scores
Where the top 25 come from, and how the whole Turkish market sits against the global universe. The MoatMap Score is a global percentile, so the universe splits evenly into five bands by construction; a market with more of its stocks in the upper bands is scoring well as a whole.
Top 25 by sector
- Financial Services7
- Industrials5
- Real Estate4
- Consumer Cyclical2
- Consumer Defensive2
- Utilities2
- Other3
Share of Turkish stocks by MoatMap Score band
- 0-1931% / 20%
- 20-3924% / 20%
- 40-5920% / 20%
- 60-7913% / 20%
- 80-10013% / 20%
Turkeyall markets
Inflation, the Lira, and Reading Turkish Numbers
Turkey is a large, young, industrialised economy with one of the most volatile stock markets in the world: a board of more than five hundred companies, a retail investor base that grew tenfold in three years as savers fled inflation, and a currency that has lost most of its value against the dollar in a decade. Read in lira the market looks spectacular; read in dollars it is one of the cheapest anywhere. The list below is where Quality, Value and Momentum agree.
MoatMap scored 481 Turkish stocks on 2026-11-03; 150 cleared the $250M market-cap floor this list applies. The market's average MoatMap Score is 40. Real Estate is the most represented sector in the top 10 (3 names).
The first thing to understand about Borsa Istanbul is that every number on it is quoted in a currency that has been losing value at double-digit rates. Turkish inflation ran above fifty percent for much of 2022 to 2024 and the lira fell against the dollar in every one of those years, so a company whose lira revenue doubled may have shrunk in real terms, and a share price that tripled may have lost money for a dollar-based holder. MoatMap converts every balance-sheet and cash-flow figure to dollars before scoring, and the Value pillar reads the multiples on that basis, but the growth and Momentum figures still carry the lira's signature. A strong Turkish Momentum score is worth checking against the currency chart before it is taken at face value.
The market itself is broad and industrial. The largest names are the holding companies (Koc, Sabanci), the banks (Akbank, Garanti, Isbank, Yapi Kredi), Turkish Airlines, the defence group Aselsan, the steel, cement, glass, white-goods and automotive manufacturers that make Turkey a supplier to European industry, and a large bench of food, retail and energy companies. It is family-controlled to an unusual degree: the two large holding groups own stakes across most sectors, and free floats are often small. Below the top fifty the retail investor base that arrived during the inflation years drives prices, and a factor screen can find genuinely strong exporters with dollar revenues and lira costs, the combination that has made Turkish industrial companies attractive through every currency crisis.
Disclosure runs through the Public Disclosure Platform, KAP, and MoatMap reads it directly. Under the Capital Markets Board's rules, managers and holders above five percent must notify share purchases and sales, and the notices carry the person, the role, the shares, the price range and the holding before and after; companies executing buybacks file a report every day they buy, listing every execution of the programme. Both feed the director-buying and buyback callouts below the table, and Turkish buybacks have been unusually active since the 2023 rules that let companies repurchase shares to support the price.
Access has widened: most international brokers now offer Borsa Istanbul trading, several large names trade as US ADRs, and settlement is in lira. Turkey withholds 10% on dividends paid to non-residents, reduced under treaties, and it levies no capital gains tax on listed shares held more than a year. The practical constraints are the ones the currency imposes: a lira position needs a view on the exchange rate as much as on the company, and the central bank's policy swings, from deeply negative real rates to sharply positive ones and back, have moved the whole market more than any earnings season has.
Frequently Asked Questions
- What are the top-ranked Turkish stocks right now?
- The table above ranks the top 25 Borsa Istanbul stocks by MoatMap Score, a composite of Quality (returns on capital, cash conversion, balance sheet), Value (six price ratios, from P/E to dividend yield) and Momentum (price trend and earnings revisions). It refreshes monthly with a stated data date, and each ticker links to a full score breakdown.
- How does MoatMap handle Turkish inflation and the lira?
- Every balance-sheet and cash-flow figure is converted to dollars before scoring, so the Value multiples are on a dollar basis. Growth and Momentum figures still carry the lira's signature: a share price that tripled in lira may have lost money in dollars, so read a strong Turkish Momentum score against the currency chart.
- Why are so many Turkish companies family-controlled?
- The two large holding groups, Koc and Sabanci, own stakes across most sectors, and many listed companies are founder or family controlled with small free floats. A high Value score on a controlled company is partly a discount for that control, and thin free floats mean the retail investor base that arrived during the inflation years can move prices sharply.
- Does MoatMap track Turkish insider trades and buybacks?
- Yes, from the Public Disclosure Platform (KAP): the Capital Markets Board's share purchase and sale notices filed by managers and 5% holders (person, role, shares, price range, holding before and after) and the daily buyback reports that list every execution of a programme. The callouts on this page draw on them.
- How can foreigners buy Turkish stocks, and what about the tax?
- Most international brokers offer Borsa Istanbul access, several large names trade as US ADRs, and settlement is in lira. Turkey withholds 10% on dividends to non-residents, reduced under treaties, and levies no capital gains tax on listed shares held more than a year. The lira is the largest single risk in any Turkish position.
- How often does this Turkey ranking refresh?
- A new edition forms on the first scoring run of each calendar month and the page states its data-as-of date. Underlying scores recompute nightly; for the daily view, use the ranked list filtered to Turkey.