BIST 100 Annual Gains: Rising Stocks and Multiples

Peak Gains in the BIST 100

In the past year, the BIST 100 index has witnessed remarkable gain disparities among the stocks listed. While investors have witnessed some companies achieving gains of over %500, others have observed limited returns. This divergence has been particularly prominent in energy, logistics, and holding companies.

High Yield Companies

Among the companies with the highest annual returns, Işıklar Enerji Yapı Holding (#IEYHO) has topped the list with a %513 gain. Following this, Pasifik Eurasia Lojistik (#PASEU) comes in second with a %446.86 annual return; this company’s price-to-earnings (P/E) ratio is striking at 810.86. Operating in the energy sector, Margün Enerji (#MAGEN) achieved a %293.34 gain, and it also stands out with a P/E ratio of 6.27.

Diverging Performances

Among holdings outside the finance sector, Ral Yatırım Holding (#RALYH) catches attention with a %278.47 return, having a P/E ratio of 40.41. Companies with low multipliers have not gone unnoticed; Katılımevim Tasarruf Finans (#KTLEV) stands out with a %222.69 gain and appealing ratios of P/E 5.26 and P/B 4.10.

The Role of Multipliers

In addition to these returns, the multipliers (P/B) formed between companies' market values and book values also significantly shape investors' perceptions. For example, Efor Yatırım (#EFOR) has drawn attention with an annual performance of %295.53, while the P/B ratio is 13.42. As a result, some companies in the BIST 100 that have achieved high annual gains are attracting considerable interest from investors.

However, in addition to the returns, it is also critically important to consider the multipliers through which these returns have been generated. Companies with low P/E and P/B ratios continue to attract investors both for valuation advantages and momentum.