September 2026
Largest Energy Equipment Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Kalyon Güneş Teknolojileri, Girisim Elektrik, Alfa Solar and Smart Gunes Enerjisi Tek.
 | Kalyon Gunes Teknolojileri Uretim AS is engaged in the production and sale of solar panels. In addition, it also produces ingots, wafers and cells. | $1 | -25% | $476M | $501M | - | - | ||
| Girisim Elektrik Sanayi Taahhut Ve Ticaret AS is an EPC contracting, engineering, sales, and marketing company in the Turkish and regional electricity and energy industry. | $1 | -9% | $456M | $679M | 1.6x | 15.2x | ||
| Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels. | $1 | -38% | $253M | $290M | 1.7x | 30.4x | ||
| Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS, formerly Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants. | $0 | -45% | $225M | $483M | 2.2x | 9.8x | ||
| Median | $1 | -31% | $355M | $492M | 1.7x | 15.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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