October 2026
Largest Diversified Industrials Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Koç Holding, Sabancı Holding, Pasifik Holding, Tera Yatırım Teknoloji Holding and Arsan Holding.
 | Koc Holding AS is a Turkish conglomerate. The group's businesses operate in the energy refining, fuel distribution, liquefied petroleum gas distribution, power generation, natural gas, automotive, automotive retailing, farm tractors, defense, white goods, consumer electronics, air conditioning, banking, leasing, REIT, factoring, brokerage, asset-management, consumer finance, food production, food production distribution, do-it-yourself retailing, tourism, marina operations, information technology, and ship and yacht construction industries. The company operates five core business segments: Energy, Automotive, Consumer durables, Finance, and Other. The majority segment by sales is energy, containing the fuel distribution, refining, and power generation businesses. | $4 | +1% | $10B | $35B | 0.6x | 9.7x | ||
| Haci Omer Sabanci Holding AS is a holding company engaged in a wide variety of business activities through its subsidiaries and affiliates, mainly in the banking, financial services, energy and climate technologies, industrials, building materials, and digital sectors. Its segments are Banking, Financial Services, Energy, Mobility Solutions, Material Technologies, Digital, and Other. It generates the majority of its revenue from the Banking segment. | $2 | -11% | $3.6B | $3.6B | 0.3x | 1.3x | ||
| Pasifik Holding AS is a Holding company engaged in Real Estate - Construction, International Logistics, Technology, and Energy - Mining. | $0 | -- | $400M | $400M | 2.7x | 56.0x | ||
| Tera Yatırım Teknoloji Holding (traded on Borsa İstanbul under the ticker TEHOL) is a multi-sector Turkish investment holding company that transformed from a real estate investment trust (formerly Pera GYO) into a technology, defense, and industrial-focused group in 2025. | $0 | -92% | $173M | $104M | 1.3x | 3.5x | ||
| Arsan Holding AS is a Turkey-based company involved in the Investment of infrastructure construction (water systems, dams, treatment plants), iron-steel production, energy generation (hydropower), natural gas distribution, and other industrial investments. | $0 | -15% | $108M | $86M | 31.0x | (9.7x) | ||
| Marmara Holding AS is a holding company operating in virtually every sector. It operates in the energy group, and in the tourism sector, in hotel and management, marketing, construction, foreign trade, IT, real estate investment, and project development. | $0 | -62% | $83M | $83M | - | - | ||
| GSD Holding AS operates in finance, marine, and energy sectors through its subsidiaries in Turkey. Its primary functions are to establish, execute, and evaluate the medium-term goals and targets for its subsidiaries and affiliated companies, and to coordinate their activities. | $0 | -30% | $71M | $97M | 0.9x | 4.4x | ||
| Ihlas Holding AS is a Turkey-based holding company. The operating segment includes Construction, Marketing, Media, and Others. It generates maximum revenue from the Marketing segment. The construction segment includes Real estate trading, construction projects, installation and contracting works, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves Publishing, selling, distributing and marketing of newspapers and all kinds of publications in Turkey and abroad, news agencies, television, and Other. The Marketing segment includes Home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey. | $0 | -72% | $49M | $313M | 0.9x | (8.1x) | ||
| Kontrolmatik Teknoloji Enerji Ve Muhendislik is engaged in the business of providing operational technology solutions for infrastructure projects in Power Plants, Electricity Transmission and Distribution Facilities, Oil and Gas industries, Cement industries, and Transportation sector. The company provides electrification services, EPCM solutions, Automation, Balance of plant, Cybersecurity solutions, Instrumentation Control, and Test and commissioning services. | $0 | -91% | $45M | $340M | 1.0x | 9.9x | ||
| Bera Holding AS is a Turkey-based company active in multiple businesses. It is engaged in various sectors comprising of Machine, Oil, Marble, Paper-Cardboard, Construction, and Building Materials, Textile, Tourism, and Food. | $0 | -50% | $41M | $115M | 0.3x | 3.8x | ||
| Loras Holding AS is a group operating in the retail, food, construction, machinery and livestock sectors. | $0 | -75% | $28M | $473M | 3.7x | 30.3x | ||
| Avrupa Yatirim Holding AS is an investment company. The company invests in strategic sectors such as health, energy, construction, and software. Its current investment are in the health and insurance sectors. | $1 | -38% | $25M | $31M | 3.5x | (29.8x) | ||
| Otto Holding AS is an investment company that brings traditional markets together with new-generation investments, It undertakes the responsibility of making investments that will benefit our shareholders while protecting the securities and transparency of the markets. The company transforms its experience in media, entertainment and other sectors into measurable financial values with technology-oriented investments in fields of activity such as artificial intelligence (AI), augmented reality (AR), financial technologies (Fintech), gaming (Gaming), and electric vehicles (Electrification). | $2 | -79% | $18M | $19M | 30.3x | - | ||
| Yayla Enerji Uretim Turizm ve Insaat Ticaret AS operates in diversified business including investing in the energy industry, construction of civil engineering projects and also provides tourism facilities. | $0 | -63% | $13M | $13M | 8.0x | 30.7x | ||
| Ulaslar Turizm Enerji Tarim Gida ve Insaat Yatirimlari AS is a Turkey-based company operating in tourism, energy, agriculture, food, construction, and real estate sectors. It owns and operates hotels including Viva Ulaslar Hotel and Club Hotel Ulaslar in Antalya, providing accommodation services. | $0 | -63% | $7M | $6M | - | (334.5x) | ||
| Gifa Inc offers a range of comprehensive products and services including, but not limited to, the following. It includes Financial services and consultancy, brokerage, business loans, project funding, crowdfunding advice and consultancy to private clients (individual and corporate clients), Personal and professional business development and investment advice to private clients, End-to-End Supply and Demand Chain Management, which includes controlling and coordinating the supply of materials to a wide range of entities that are globally involved in producing and delivering goods and services. It is also engaged in Media industry through Yeni Bakis Newspaper and WebTV, and various activities of Transport, Travel and Tourism industry. | $0 | -54% | $2M | $2M | ||||
| Median | $0 | -62% | $47M | $101M | 2.0x | 4.1x |
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