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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Turkcell Iletisim Hizmetleri A.S. (TKC) Quarterly Financial Ratios

Last 46 quarters of trend data · Communication Services · Telecommunications Services

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Turkcell Iletisim Hizmetleri A.S.'s quarterly P/E stands at 0.2x, up 131.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 30.7% YoY to 0.6x, reflecting rising market expectations or slowing EBITDA growth.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
P/E Ratio →10.960.240.310.440.480.110.570.310.96—0.25—0.17
—+131.9%-44.9%+42.3%-50.2%—+130.8%—+452.7%—-16.0%—-69.4%
P/S Ratio1.550.020.020.030.030.040.040.030.020.030.020.040.07
—-41.1%-29.3%+6.5%+20.3%+36.0%+57.8%-24.0%-65.3%-30.5%-49.2%-55.6%-15.2%
P/B Ratio1.380.020.020.030.030.030.040.030.022.762.170.110.04
—-37.3%-44.9%-18.0%+27.5%-98.8%-98.0%-72.3%-37.8%+2943.6%+2260.6%-94.6%-20.3%
P/FCF9.855.315.92——2.7120.93—2.367.182.90—2.43
—+95.8%-71.7%——-62.2%+621.3%—-3.1%+4216.9%+11.8%—+1805.5%
EV / EBITDA4.770.580.650.580.540.440.640.730.290.090.070.811.61
—+30.7%+0.9%-20.7%+87.6%+378.1%+801.4%-9.4%-82.1%-89.4%-93.2%+289.7%-16.4%
EV / EBIT8.341.431.621.195.780.812.111.770.630.150.833.084.12
—+77.1%-23.3%-32.4%+818.2%+428.6%+153.4%-42.6%-84.7%-92.5%-69.4%+442.4%-75.5%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Turkcell Iletisim Hizmetleri A.S.'s operating margin was 16.5% in Q3 2025, up 0.2 pp QoQ and up 0.6 pp YoY. The trailing four-quarter average of 14.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 7.1% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Gross Margin24.7%29.2%27.2%28.4%25.3%27.3%24.0%21.6%18.4%24.8%22.6%19.1%34.9%
—+7.1%+13.4%+31.8%+37.6%+10.1%+6.5%+12.9%-47.3%-24.4%-21.2%-34.1%+14.7%
Operating Margin21.1%16.5%16.3%16.2%9.2%15.9%12.8%10.7%73.3%7.7%14.6%8.3%32.7%
—+3.9%+27.0%+51.0%-87.5%+107.2%-12.3%+28.5%+124.1%-81.7%-59.6%-76.3%+49.4%
Net Margin14.1%9.1%7.9%6.4%5.7%35.5%8.3%8.5%51.4%-12.0%-2.3%-1.0%37.4%
—-74.5%-4.8%-24.8%-88.9%+397.3%+455.2%+974.8%+37.6%-173.2%-115.7%-113.0%+175.1%

Return on Capital

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
ROE12.9%2.3%2.0%1.6%1.6%8.7%2.7%2.3%26.8%-306.4%-4.6%-0.4%8.9%
—-73.3%-26.3%-31.7%-93.9%+102.9%+157.1%+704.8%+201.3%-3256.2%-131.8%-115.7%+117.8%
ROA6.7%1.1%1.0%0.8%0.9%4.6%1.3%1.1%13.2%-84.3%-1.4%-0.2%3.7%
—-75.0%-28.8%-29.0%-93.3%+105.4%+194.5%+829.1%+257.4%-3182.2%-134.4%-115.2%+109.8%
ROIC11.8%2.5%2.4%2.5%1.7%2.4%2.3%1.6%22.3%70.5%11.3%1.6%3.8%
—+7.0%+6.6%+50.0%-92.4%-96.6%-79.6%+4.4%+490.0%+688.8%-11.3%-72.8%+11.8%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Turkcell Iletisim Hizmetleri A.S.'s Debt/EBITDA ratio is 6.5x, down from 7.3x last quarter — elevated, raising questions about debt serviceability.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Debt / Equity0.560.750.790.720.560.610.650.680.692.042.061.730.81
—+21.9%+20.8%+5.1%-18.9%-70.0%-68.3%-60.4%-15.2%+0.1%+1.6%-1.1%-12.2%
Debt / EBITDA1.706.557.317.355.505.974.605.352.620.200.185.4111.42
—+9.7%+58.9%+37.3%+109.7%+2926.3%+2457.7%-1.1%-77.0%-96.8%-97.5%+1039.8%-19.3%
Current Ratio1.251.751.691.731.251.821.571.781.781.671.681.601.59
—-3.6%+8.2%-2.8%-29.5%+9.0%-6.6%+11.2%+11.4%-10.7%-3.6%-7.0%-7.2%
Quick Ratio1.241.751.691.721.241.811.561.771.771.661.661.591.58
—-3.4%+8.5%-2.8%-29.6%+9.2%-6.5%+11.4%+11.5%-10.7%-3.3%-6.3%-6.9%
Interest Coverage3.073.112.522.25—1.421.6845.45369.8036.6047.4332.1126.69
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 46 years · Updated daily

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TKC — Frequently Asked Questions

Quick answers to the most common questions about buying TKC stock.

What is Turkcell Iletisim Hizmetleri A.S.'s quarterly P/E ratio trend?

Turkcell Iletisim Hizmetleri A.S.'s current P/E is 11.0x. The average P/E over the last 4 quarters is 0.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Turkcell Iletisim Hizmetleri A.S.'s margins change by quarter?

Turkcell Iletisim Hizmetleri A.S.'s current operating margin is 21.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at TKC quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Turkcell Iletisim Hizmetleri A.S.'s business trajectory between earnings reports.

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