Best Turkish Stocks: September 2026
Momentum 83: outperforming the market over 6 months and above its moving averages. Quality 72: ROIC in the top 5% of its sector and high return on equity. Value 71: cheap on P/E and below book value.
September 2026 edition · data as of ·Next edition forms ·How we score stocks·All Turkey stocks, refreshed daily
Top 25 Turkish Stocks by StockRank
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RGYAS.IS Ronesans Gayrimenkul Yatirim A.S. TR · Real Estate · $1.3B Momentum 83: outperforming the market over 6 months and above its moving averages. Quality 72: ROIC in the top 5% of its sector and high return on equity. Value 71: cheap on P/E and below book value. | Yield 0.8% | P/E 3.4 | 100 Score | 72 Q | 71 V | 83 M | Full House | |
| 2 | AKSGY.IS Akis Gayrimenkul Yatirim Ortakligi A.S. TR · Real Estate · $464.7M Momentum 81: above its moving averages and outperforming the market over 6 months. Value 74: cheap on EV/EBITDA and below book value. Quality 69: ROIC in the top 5% of its sector and low debt. | Yield 4.8% | P/E 6.9 | 99 Score | 69 Q | 74 V | 81 M | Full HouseDir. buyBuyback | |
| 3 | TUPRS.IS Türkiye Petrol Rafinerileri A.S. TR · Energy · $16.1B Momentum 79: above its moving averages and outperforming the market over 6 months. Quality 75: strong free cash flow and ROIC in the top 5% of its sector. Value 65: cheap on free cash flow and cheap on sales. | Yield 4.2% | P/E 11.7 | 99 Score | 75 Q | 65 V | 79 M | Full House | |
| 4 | KRDMD.IS Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. TR · Basic Materials · $1.1B Momentum 92: near its 52-week high and outperforming the market over 6 months. Value 75: cheap on free cash flow and below book value. Quality 52: strong free cash flow but low gross profitability. | Yield — | P/E 11.5 | 99 Score | 52 Q | 75 V | 92 M | Full House | |
| 5 | AGHOL.IS AG Anadolu Grubu Holding A.S. TR · Industrials · $1.7B Momentum 83: EPS improving and quarterly earnings growing. Value 76: cheap on sales and cheap on free cash flow. Quality 55: ROIC in the top 10% of its sector but a tight balance sheet. | Yield 2.0% | P/E 19.0 | 99 Score | 55 Q | 76 V | 83 M | Full House | |
| 6 | ENJSA.IS Enerjisa Enerji A.S. TR · Utilities · $2.6B Value 73: cheap on EV/EBITDA and cheap on free cash flow. Quality 72: ROIC in the top 5% of its sector and strong free cash flow. Momentum 68: quarterly earnings growing and above its moving averages. | Yield 4.7% | P/E 20.3 | 98 Score | 72 Q | 73 V | 68 M | Full House | |
| 7 | TRGYO.IS Torunlar Gayrimenkul Yatirim Ortakligi A.S. TR · Real Estate · $1.9B Momentum 78: EPS improving and outperforming the market over 6 months. Quality 73: low debt and a liquid balance sheet. Value 61: cheap on EV/EBITDA. | Yield 5.4% | P/E 11.4 | 98 Score | 73 Q | 61 V | 78 M | Full House | |
| 8 | LOGO.IS Logo Yazilim Sanayi ve Ticaret A.S. TR · Technology · $279.1M Quality 77: high gross profitability and low debt. Value 69: a high yield and cheap on free cash flow. Momentum 58: near its 52-week high but quarterly earnings shrinking. | Yield 3.7% | P/E 21.6 | 96 Score | 77 Q | 69 V | 58 M | Full HouseDir. buyBuyback | |
| 9 | CCOLA.IS Coca-Cola Içecek Anonim Sirketi TR · Consumer Defensive · $4.4B Quality 72: ROIC in the top 5% of its sector and F-Score 8/9. Momentum 69: above its moving averages and outperforming the market over 6 months. Value 60: cheap on P/E and cheap on EV/EBITDA. | Yield 1.8% | P/E 11.1 | 95 Score | 72 Q | 60 V | 69 M | Full House | |
| 10 | DOCO.IS DO & CO Aktiengesellschaft TR · Industrials · $2.4B Quality 80: F-Score 9/9 and strong free cash flow. Momentum 60: outperforming the market over 6 months and above its moving averages. Value 58: cheap on free cash flow but far above book value. | Yield 1.3% | P/E 18.6 | 94 Score | 80 Q | 58 V | 60 M | Full House | |
| 11 | MAVI.IS Mavi Giyim Sanayi ve Ticaret A.S. TR · Consumer Cyclical · $614.7M Quality 73: strong free cash flow and ROIC in the top 5% of its sector. Value 70: cheap on EV/EBITDA and cheap on free cash flow. Momentum 56: EPS improving but quarterly earnings shrinking. | Yield 4.4% | P/E 16.8 | 94 Score | 73 Q | 70 V | 56 M | Full HouseBuyback | |
| 12 | EGPRO.IS Ege Profil Ticaret ve Sanayi Anonim Sirketi TR · Industrials · $378.4M Quality 72: ROIC in the top 10% of its sector and high gross profitability. Momentum 68: quarterly earnings growing and above its moving averages. Value 59: a high yield but expensive on free cash flow. | Yield 5.3% | P/E 12.6 | 94 Score | 72 Q | 59 V | 68 M | Full House | |
| 13 | INVES.IS Investco Holding A.S. TR · Financial Services · $2.8B Quality 88: ROIC in the top 5% of its sector and strong free cash flow. Momentum 76: above its moving averages and outperforming the market over 6 months. Value 33: expensive on sales. | Yield — | P/E 12.3 | 94 Score | 88 Q | 33 V | 76 M | Premium Grower | |
| 14 | ARASE.IS Dogu Aras Enerji Yatirimlari AS TR · Utilities · $496.4M Quality 68: F-Score 4/4 and interest well covered. Momentum 66: above its moving averages and outperforming the market over 6 months. Value 64: cheap on EV/EBITDA and cheap on sales. | Yield 2.1% | P/E 24.0 | 94 Score | 68 Q | 64 V | 66 M | Full House | |
| 15 | RYGYO.IS Reysas Gayrimenkul Yatirim Ortakligi A.S. TR · Real Estate · $2B Momentum 92: above its moving averages and outperforming the market over 6 months. Quality 67: wide operating margins and ROIC in the top 5% of its sector. Value 38: expensive on sales. | Yield — | P/E 6.1 | 94 Score | 67 Q | 38 V | 92 M | Premium Grower | |
| 16 | AHGAZ.IS Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. TR · Utilities · $2.3B Momentum 98: quarterly earnings growing and near its 52-week high. Quality 62: strong free cash flow and low debt. Value 35: little or no yield. | Yield 0.1% | P/E 22.2 | 93 Score | 62 Q | 35 V | 98 M | Premium GrowerBuyback | |
| 17 | TRENJ.IS Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. TR · Basic Materials · $538.2M Quality 76: F-Score 8/9 and interest well covered. Momentum 63: near its 52-week high and outperforming the market over 6 months. Value 57: cheap on EV/EBITDA. | Yield — | P/E 11.7 | 93 Score | 76 Q | 57 V | 63 M | Full House | |
| 18 | ANSGR.IS Anadolu Anonim Türk Sigorta Sirketi TR · Financial Services · $1B Value 77: valuation ratios not meaningful for a financial. Quality 76: high return on equity and high gross profitability. Momentum 42: EPS deteriorating. | Yield 5.3% | P/E 3.3 | 93 Score | 76 Q | 77 V | 42 M | Unloved Quality | |
| 19 | DOHOL.IS Dogan Sirketler Grubu Holding A.S. TR · Industrials · $1.1B Value 87: cheap on EV/EBITDA and cheap on free cash flow. Momentum 55: quarterly earnings growing but EPS deteriorating. Quality 52: strong free cash flow but thin interest cover. | Yield 1.5% | P/E 8.5 | 93 Score | 52 Q | 87 V | 55 M | Full House | |
| 20 | MPARK.IS MLP Saglik Hizmetleri A.S. TR · Healthcare · $1.7B Value 69: cheap on EV/EBITDA and cheap on sales. Quality 62: ROIC in the top 10% of its sector and high return on equity. Momentum 61: near its 52-week high. | Yield — | P/E 14.4 | 91 Score | 62 Q | 69 V | 61 M | Full House | |
| 21 | TCKRC.IS Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi TR · Industrials · $442M Momentum 75: above its moving averages and outperforming the market over 6 months. Quality 72: a liquid balance sheet and wide operating margins. Value 44: cheap on P/E but expensive on sales. | Yield — | P/E 11.9 | 91 Score | 72 Q | 44 V | 75 M | Premium Grower | |
| 22 | EBEBK.IS Ebebek Magazacilik Anonim Sirketi TR · Consumer Cyclical · $266.9M Momentum 75: outperforming the market over 6 months and above its moving averages. Quality 60: strong free cash flow and high gross profitability. Value 55: cheap on free cash flow but little or no yield. | Yield 1.2% | P/E 24.4 | 91 Score | 60 Q | 55 V | 75 M | Full House | |
| 23 | ALBRK.IS Albaraka Türk Katilim Bankasi A.S. TR · Financial Services · $434M Value 84: valuation ratios not meaningful for a financial. Quality 58: high return on equity but a weak F-Score 3/7. Momentum 47: quarterly earnings growing but EPS deteriorating. | Yield 3.1% | P/E 2.3 | 90 Score | 58 Q | 84 V | 47 M | Unloved Quality | |
| 24 | ISCTR.IS Türkiye Is Bankasi A.S. TR · Financial Services · $6.8B Value 82: valuation ratios not meaningful for a financial. Quality 64: F-Score 7/7 and high return on equity. Momentum 42: EPS improving but quarterly earnings shrinking. | Yield 4.0% | P/E 4.9 | 89 Score | 64 Q | 82 V | 42 M | Unloved Quality | |
| 25 | GRSEL.IS Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. TR · Industrials · $565.3M Quality 88: ROIC in the top 5% of its sector and wide operating margins. Value 54: cheap on EV/EBITDA but little or no yield. Momentum 46: mixed. | Yield 0.5% | P/E 14.0 | 89 Score | 88 Q | 54 V | 46 M | Unloved QualityBuyback |
Ranked by StockRank (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 : AKSGY.IS, LOGO.IS
Active share buybacks in the 180 days to : AKSGY.IS, LOGO.IS, MAVI.IS, AHGAZ.IS, GRSEL.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. StockRank is a global percentile, so the universe splits evenly into five bands by construction; a market that piles up on the right is scoring well as a whole.
Top 25 by sector
- Industrials6
- Financial Services4
- Real Estate4
- Utilities3
- Basic Materials2
- Consumer Cyclical2
- Other4
Share of Turkish stocks by StockRank band
- 0-1931% / 20%
- 20-3922% / 20%
- 40-5919% / 20%
- 60-7914% / 20%
- 80-10014% / 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 2026-09-25; 185 cleared the $250M market-cap floor this list applies. The market's average StockRank is 41. 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 best Turkish stocks to buy right now?
- The table above ranks MoatMap's top 25 Borsa Istanbul stocks by StockRank, a composite of Quality (ROIC, F-Score, leverage), Value (P/E, EV/EBITDA, P/B, shareholder yield) and Momentum (price trend plus 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-stocks screener filtered to Turkey.