May 2026
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Largest Automakers Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Ford Otosan, Tofaş, Otokar and Anadolu Isuzu.
 | Ford Otomotiv Sanayi AS is an automobile manufacturing company domiciled in Turkey. The company principally manufactures, imports, and distributes passenger vehicles, commercial vehicles, and spare parts and accessories under the Ford brand. The company organises itself into four segments, based on product type: passenger cars, light commercial vehicles, medium commercial vehicles, and trucks. Geographically, domestic sales are most significant, and constitute more than a third of consolidated revenue, followed by England and Germany. | $2 | +1% | $6B | $9B | 0.5x | 5.0x | ||
| Tofas Turk Otomobil Fabrikasi AS is a Turkish automotive manufacturer of both passenger cars and light commercial vehicles. Its core business s manufacturing, exporting and selling passenger cars and light commercial vehicles under licenses of Fiat Chrysler Automobiles S.p.A. (Fiat). The company manufactures for a range of passenger cars i.e. Fiat Linea, Egea models, and others. Tofas also acts as a distributor of the Fiat, Alfa Romeo, Jeep, Lancia, Maserati, and Ferrari brands in Turkey. It also produces various automotive spare parts used in its automobiles. The company has three business divisions namely Automobile, Trading of spare parts, and Consumer finance. | $6 | +61% | $3B | $4B | 0.6x | 10.5x | ||
| Otokar Otomotiv Ve Savunma Sanayi AS operates in the automotive industry and off-road vehicles, military vehicles, microbusses, small buses, light trucks, and pickup trucks constitute the majority of its production. The group operates in the automotive industry's commercial vehicles segment, manufacturing a product lineup of microbuses, small buses and buses for public transportation and light trucks for transportation and logistics. | $8 | -8% | $965M | $2B | 1.5x | 9.6x | ||
| Anadolu Isuzu Otomotiv Sanayi Ve Ticaret AS is a Turkey-based company involved in manufacturing vehicles. Its main activities include manufacturing, assembling, import and sales of commercial vehicles such as trucks, vans, midibuses, buses, and pick-ups. The company is also involved in producing and installing spare parts. | $1 | +3% | $330M | $545M | 0.9x | 5.9x | ||
| Median | $4 | +2% | $2B | $3B | 0.8x | 7.7x |
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