Türk Telekom Valuation Multiples

Türk Telekom is valued at $3.6B as of October 2026, a 0.9x revenue multiple. In the last 12 months, Türk Telekom revenue was $6.4B and Türk Telekom EBITDA was $2.6B.

Türk Telekom Overview

About Türk Telekom

Türk Telekom is Türkiye’s integrated fixed-line, broadband, mobile and digital-services operator and is headquartered in Ankara. The company was legally separated from the national postal organization in 1995, building on a telecommunications network with much older roots. It provides fixed voice, fiber and copper broadband, mobile service, television, data-center, cybersecurity, cloud and enterprise information-technology solutions. Its network and brands serve households, businesses, carriers and public institutions throughout Türkiye. Türk Telekom is listed on Borsa İstanbul, while the Turkish Treasury retains a separate minority interest and a special share. Türkiye Wealth Fund acquired LYY’s 55% controlling block in 2022, adding that negotiated majority stake to the fund’s previously transferred holding and making TWF the dominant economic shareholder.


Founded

1994

HQ

Turkey

Employees

36.6K

Financials (LTM)

Revenue: $6.4B
EBITDA: $2.6B

EV

$6B

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Türk Telekom Financials

Türk Telekom reported last 12-month revenue of $6.4B and EBITDA of $2.6B.

In the same LTM period, Türk Telekom generated $3.2B in gross profit, $2.6B in EBITDA, and $633M in net income.

Revenue (LTM)


Türk Telekom P&L

In the most recent fiscal year, Türk Telekom reported revenue of $4.9B and EBITDA of $1.9B.

Türk Telekom is profitable as of last fiscal year, with gross margin of 42%, EBITDA margin of 39%, and net margin of 9%.

See analyst estimates for Türk Telekom
LTMLast FY202320242025202620272028
Revenue$6.4B$4.9B$3B$4.4B$4.9B
Gross Profit$3.2B$2B$650M$1.6B$2B
Gross Margin50%42%22%37%42%
EBITDA$2.6B$1.9B$1.3B$1.9B$1.9B
EBITDA Margin41%39%44%43%39%
EBIT Margin20%22%(2%)14%22%
Net Profit$633M$465M$488M$228M$465M
Net Margin10%9%16%5%9%
Net Debt-$1.1B---

Financial data powered by Morningstar, Inc.

Türk Telekom Stock Performance

Türk Telekom has current market cap of $3.6B, and enterprise value of $6B.

Market Cap Evolution


Türk Telekom's stock price is $1.03.

Türk Telekom share price decreased by 2.2% in the last 30 days, and by 15.2% in the last year.

Türk Telekom has an EPS (earnings per share) of $0.13.

See more trading valuation data for Türk Telekom
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$6B$3.6B-2.8%-2.2%-4.0%-15.2%$0.13

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Türk Telekom Valuation Multiples

Türk Telekom trades at 0.9x EV/Revenue multiple, and 2.3x EV/EBITDA.

See NTM and 2027E valuation multiples for Türk Telekom

EV / Revenue (LTM)


Türk Telekom Financial Valuation Multiples

As of October 17, 2026, Türk Telekom has market cap of $3.6B and EV of $6B.

Türk Telekom has a P/E ratio of 5.7x.

LTMLast FY202320242025202620272028
EV/Revenue0.9x1.2x2.0x1.4x1.2x
EV/EBITDA2.3x3.1x4.6x3.2x3.1x
EV/EBIT4.6x5.7x(83.4x)9.5x5.7x
EV/Gross Profit1.9x2.9x9.3x3.8x2.9x
P/E5.7x7.8x7.4x15.8x7.8x
EV/FCF(3.9x)24.0x(151.6x)34.2x24.0x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Türk Telekom Margins & Growth Rates

Türk Telekom grew revenue by 37% and EBITDA by 43% in the last fiscal year.

In the most recent fiscal year, Türk Telekom reported gross margin of 42%, EBITDA margin of 39%, and net margin of 9%.

See estimated margins and future growth rates for Türk Telekom

Türk Telekom Margins

Last FY202420252026202720282029
Gross Margin42%37%42%-
EBITDA Margin39%43%39%41%
EBIT Margin22%14%22%20%
Net Margin9%5%9%10%
FCF Margin5%4%5%(27%)

Türk Telekom Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth37%46%12%37%
Gross Profit Growth-146%28%-
EBITDA Growth43%43%3%43%
EBIT Growth28%(974%)68%28%
Net Profit Growth42%(53%)104%42%
FCF Growth(830%)(544%)43%(830%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Türk Telekom Operational KPIs

Türk Telekom's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Türk Telekom's Rule of 40 is 78% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Türk Telekom's Rule of X is 133% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Türk Telekom
LTMLast FY202320242025202620272028
Rule of 4067%78%---
Bessemer Rule of X105%133%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue-9%10%9%9%
G&A Expenses to Revenue-11%13%12%11%
R&D Expenses to Revenue-1%1%1%1%
Opex to Revenue-20%24%22%20%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Türk Telekom Competitors

Türk Telekom competitors include Globe Telecom, Axiata Group, Sunrise Communications, Hrvatski Telekom, TDS, Indosat, NOS, freenet, Turkcell and Fujian Star-Net.

Most Türk Telekom public comparables operate across Telecom Service Providers.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Globe Telecom$2.8B$1.5B3.5x3.3x6.4x6.8x
Axiata Group$2.9B$1.5B2.8x2.7x5.4x5.7x
Sunrise Communications$3.6B$1.5B2.9x2.9x7.0x7.6x
Hrvatski Telekom$1.3B$519M2.6x2.5x6.5x6.1x
TDS$1.2B$494M3.5x3.4x8.6x6.7x
Indosat$3.1B$1.5B2.0x1.9x4.2x3.9x
NOS$2B$811M2.4x2.4x6.1x5.3x
freenet$2.7B$587M1.1x0.9x5.3x5.4x

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Investments by Türk Telekom

Türk Telekom has invested in 2 companies to date.

Latest investment by Türk Telekom was on March 20th 2023. Türk Telekom invested in Metatime in their $11M Seed round (EV/Revenue multiple available to Pro users).

See VC round multiples

Latest Investments by Türk Telekom

Metatime
MYTH AI
Description
Metatime is a Turkey-headquartered blockchain ecosystem that integrates finance, payments, and decentralized applications into a unified platform accessible from one interface. Operating centers span Turkey, Lithuania, Switzerland, the UK, and the USA, the company offers services including QTUM cryptocurrency wallet management, staking, NFTs, and metaverse tools. Metatime supports users in trading digital assets, launching tokens, and participating in DeFi protocols across its distributed network.
MYTH AI is a fashion-technology company founded in 2020 by Özgecan Üstgül in Turkey. It develops a proprietary generative-artificial-intelligence platform for textile and apparel design. The software turns text, visual references and brand requirements into production-ready patterns and collections within seconds. Its models are trained on original and licensed data so fashion brands and manufacturers can create commercially usable designs aligned with their identities. Customers use the platform to shorten concept, design and sampling cycles while reducing physical samples, cost and material waste. MYTH sells software access and related digital-design services to brands, designers and manufacturers. The company operates internationally with locations in Turkey, the United Kingdom and India and has targeted further growth in South Asia.
HQ CountryTurkeyTurkey
HQ City
Istanbul
İstanbul
Deal Date20 Mar 202326 Dec 2022
RoundSeedPre-seed
Raised$11M$200K
InvestorsKalyon Venture Capital; Yıldız Tekno GSYO; BluLive; Kalyon Holding; Yildiz Technical University; Halkbank; Türk TelekomElyaf Tekstil; Umit Arsoy; Halit Buyukkusoglu; Emre Kozlu; Birkan Kül; Ahmet Firat; Türk Telekom; ITUARI Teknokent; Ergin Erdin; Sun Tekstil; Keiretsu Forum Turkey; Faik Ulutaş
Valuationundisclosed$3M
EV/Revenue
EV/EBITDA

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About Türk Telekom

When was Türk Telekom founded?Türk Telekom was founded in 1994.
Where is Türk Telekom headquartered?Türk Telekom is headquartered in Turkey.
How many employees does Türk Telekom have?As of today, Türk Telekom has over 36K employees.
Who is the CEO of Türk Telekom?Türk Telekom's CEO is Umit Onal.
Is Türk Telekom publicly listed?Yes, Türk Telekom is a public company listed on Borsa Istanbul.
What is the stock symbol of Türk Telekom?Türk Telekom trades under TTKOM ticker.
When did Türk Telekom go public?Türk Telekom went public in 2008.
Who are competitors of Türk Telekom?Türk Telekom main competitors include Globe Telecom, Axiata Group, Sunrise Communications, Hrvatski Telekom, TDS, Indosat, NOS, freenet, Turkcell, Fujian Star-Net.
What is the current market cap of Türk Telekom?Türk Telekom's current market cap is $3.6B.
What is the current revenue of Türk Telekom?Türk Telekom's last 12 months revenue is $6.4B.
What is the current revenue growth of Türk Telekom?Türk Telekom revenue growth (NTM/LTM) is 26%.
What is the current EV/Revenue multiple of Türk Telekom?Current revenue multiple of Türk Telekom is 0.9x.
What is the current EBITDA of Türk Telekom?Türk Telekom's last 12 months EBITDA is $2.6B.
What is Türk Telekom's EBITDA margin?Türk Telekom's last 12 months EBITDA margin is 41%.
What is the current EV/EBITDA multiple of Türk Telekom?Current EBITDA multiple of Türk Telekom is 2.3x.
What is the current FCF of Türk Telekom?Türk Telekom's last 12 months FCF is ($1.5B).
What is Türk Telekom's FCF margin?Türk Telekom's last 12 months FCF margin is (24%).
What is the current EV/FCF multiple of Türk Telekom?Current FCF multiple of Türk Telekom is (3.9x).
How many companies Türk Telekom has acquired to date?Türk Telekom hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Türk Telekom has invested to date?As of October 2026, Türk Telekom has invested in 2 companies.
What was the last Türk Telekom investment?On 20th March 2023 Türk Telekom invested in Metatime, participating in a $11M Seed round, alongside Kalyon Venture Capital, Yıldız Tekno GSYO, BluLive, Kalyon Holding, Yildiz Technical University, and Halkbank.
In what companies Türk Telekom invested in?Türk Telekom invested in Metatime and MYTH AI.

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