The number of stocks in the BIST 50 that are trading below their book value is increasing.

Notable Divergence in Valuations on BIST 50

The analysis of stocks within BIST 50 reveals that there are 21 stocks trading below their book value. This situation indicates that among investors, there are also companies with high equity size and regular cash flow. In particular, the current status of some stocks trading with P/B ratios in the range of 0.5–0.7 shows that the market is focused on short-term profitability and growth expectations rather than balance sheet strength.

Notable Stocks on BIST 50

Among the stocks trading below their book value, the standout companies are as follows:

• Vestel (#VESTL): P/B 0.28, last 4 quarters loss -23.6 billion TL, current price 31 TL.


• Turkish Airlines (#THYAO): P/B 0.45, net profit 105.6 billion TL, P/E ratio 3.62.


• Kardemir (#KRDMD): P/B 0.50, discounted due to loss.


• Şişecam (#SISE): P/B 0.52, P/E ratio 45.46, receiving high demand.


• Sabancı Holding (#SAHOL): P/B 0.53, noteworthy for its strong equity structure.


• Emlak Konut GMYO (#EKGYO): P/B 0.59, P/E ratio 4.32.


• Doğan Holding (#DOHOL): P/B 0.60, notable market valuation.


• Alarko Holding (#ALARK): P/B 0.60, standing out with a P/E ratio of 35.24.


• Ereğli Demir Çelik (#EREGL): P/B 0.61, strong market observation.


• Doğuş Otomotiv (#DOAS): P/B 0.63, P/E ratio 8.96.


• Petkim (#PETKM): P/B 0.64, an important player in the sector.


• Koç Holding (#KCHOL): P/B 0.68, offering attractive opportunities for investors.


• Tekfen Holding (#TKFEN): P/B 0.78, noteworthy for its diversified business model.


• TSKB (#TSKB): P/B 0.86, P/E ratio 2.95, potential in terms of valuation.


• Şok Marketler (#SOKM): P/B 0.87, a leader in the market sector.


• Sasa Polyester (#SASA): P/B 0.90, standing out with its competitive strength in the sector.


• Turkcell (#TCELL): P/B 0.91, a leader in the communications sector.


• İş Bankası (#ISCTR): P/B 0.92, P/E ratio 6.39, having a solid foundation in the banking sector.


• Pegasus (#PGSUS): P/B 0.95, noteworthy in the airline transportation sector.


• Anadolu Efes (#AEFES): P/B 0.97, possessing a large market share.


• Türk Telekom (#TTKOM): P/B 0.98, attracting investors' interest with its recent performance.

This table indicates that the discount based on book value has become quite prevalent on BIST 50. It is important for investors to be careful in their stock selections and assess the long-term growth potential.