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Akbank T.A.S., (AKBNK) Fair Value & Analysis

Financial Services · TR · Market cap 343B TRY

AT Akbank T.A.S., AKBNK · IS
Price66.00 TRY
Fair Value132.00 TRY
Upside+100.0%
Quality44/100
Expensive Growth
Highly profitable · 29.5% net margin
Low debt · negative free cash flow
3.47% dividend yield
Ranks above peers (9/13)
Wide moat 81/100
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Evidence: High Range 99.00 TRY – 165.00 TRY Share as image

Fair value as of: Aug 4, 2026

From 15 valuation models · updated today

Share price −10.5% over the past month.

Below-average quality, screening 100% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (99.00 TRY). The market is more pessimistic than our downside scenario.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

90.06 TRY 3.87 TRY Fair Value 132.00 TRY Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

60‑month range 3.87 TRY – 90.06 TRY · fair‑value band 99.00 TRY – 165.00 TRY · the 66.00 TRY price screens below the 132.00 TRY fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

Akbank T.A.S., (AKBNK) currently trades at 66.00 TRY, while our model-based Fair Value estimate is 132.00 TRY, implying the stock looks roughly 100.0% undervalued today. We read business quality at 44/100 (below-average quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Akbank T.A.S., generated revenue of 226B TRY at a net margin of 29.5%. Revenue grew 42.0% year over year. It earns a return on equity of 22.9%. Net debt stands at 239B TRY. Fundamentals as of Aug 4, 2026

Our scenario range runs from 99.00 TRY (bear case) to 165.00 TRY (bull case); at 66.00 TRY, the current price sits below that range. The share trades about 27% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 100%, AKBNK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 75.98 TRY 100.69 TRY 408.99 TRY 76
ROIC Compounder 118.05 TRY 119.22 TRY 120.27 TRY 72
Growth-Adj P/E 179.39 TRY 256.27 TRY 333.15 TRY 68
All 15 models by family
DCF Models
Owner Earnings 243.49 TRY 389.72 TRY 684.62 TRY 31
Earnings-Based
Graham-Dodd 74.87 TRY 441.40 TRY 614.66 TRY 54
Lynch FV 125.24 TRY 178.92 TRY 232.60 TRY 50
PEG = 1.0 125.24 TRY 178.92 TRY 232.60 TRY 46
EPV 118.05 TRY 119.22 TRY 120.27 TRY 59
Multiples
P/E Multiple 165.16 TRY 220.21 TRY 275.26 TRY 63
P/S Multiple 82.97 TRY 110.62 TRY 138.28 TRY 58
P/B Multiple 134.22 TRY 178.95 TRY 223.69 TRY 55
EV/EBIT 129.37 TRY 135.37 TRY 141.36 TRY 53
EV/EBITDA 127.59 TRY 133.00 TRY 138.40 TRY 54
EV/Revenue 123.51 TRY 128.71 TRY 133.90 TRY 43
Asset-Based
NCAV (Graham) 29.83 TRY 39.97 TRY 59.65 TRY 50
Economic Profit
Residual Income 75.98 TRY 100.69 TRY 408.99 TRY 76
ROIC Compounder 118.05 TRY 119.22 TRY 120.27 TRY 72
Growth Earnings
Growth-Adj P/E 179.39 TRY 256.27 TRY 333.15 TRY 68

Widest divergence: DCF Models (389.72 TRY) versus Asset-Based (39.97 TRY). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 226B TRY
Revenue growth (YoY) +42.0%
Net margin 29.5%
Return on equity 22.9%
Free cash flow −31.3B TRY FY2025
P/E ratio 5.5
More key figures
Operating margin 35.3%
EPS (TTM) 12.05 TRY
Dividend yield 3.5%
EPS growth (YoY) +36.7%
Net debt 239B TRY FY2025

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 42

Profitability 39
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 26
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally.

Full company description

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. The company's consumer banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking services. It also offers services to large, medium, and small size corporate and commercial customers that include Turkish Lira (TL) and foreign currency denominated working capital loans financing for investments, foreign trade financing, derivative instruments for hedging purposes of foreign currency and interest risk, letters of credit, foreign currency trading, corporate finance, and deposit and cash management services, as well as project finance loans; and working capital management, delivering cash management services based on customers' requests, such as collection and payment, and liquidity and information management services. In addition, the company engages in TL and foreign currency spot, and forward transactions, treasury and government bonds, Eurobonds, and private sector bond transactions, as well as derivative trading activities; and marketing and pricing activities related to treasury products. Further, it provides foreign exchange, and TL clearing; financial leasing, investment and pension funds management, portfolio management, and payment services as well as issues electronic money. Akbank T.A.S. was incorporated in 1948 and is headquartered in Istanbul, Turkey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Akbank T.A.S., reported revenue of 230B TRL in FY2025 versus 39.5B TRL in FY2021, a compound +55.3%/yr. Reported net income was 57.3B TRL in FY2025, compounding +47.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
230B TRY
Latest YoY
+43.6%
Avg. growth/yr (3Y)
+27.2%
Avg. growth/yr (5Y)
+54.7%
Avg. growth/yr (25Y)
−32.3%
Revenue +55.3%/yr
FY21 39.5B TRL
FY22 112B TRL
FY23 150B TRL
FY24 160B TRL
FY25 230B TRL
Net income +47.4%/yr
FY21 12.1B TRL
FY22 60.0B TRL
FY23 66.5B TRL
FY24 42.4B TRL
FY25 57.3B TRL

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Cite: Fair Value Calculator (2026). "Akbank T.A.S., Fair Value". https://www.fairvalue-calculator.com/stock/AKBNK

Peer Group

Banks - Regional · 1100 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Bottom 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 23% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 29% · Above median
Operating margin (TTM) 35% · Below median
Revenue growth 42% · Top 25%
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.12× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 5.5× · Cheaper than 75% of peers
P/B 1.11× · Pricier than median
P/S (TTM) 1.52× · Cheaper than 75% of peers
PEG 1.79× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 39
FUTURE 100 · sector 43
PAST 91 · sector 41
HEALTH 94 · sector 85
DIVIDEND 69 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Akbank T.A.S., (AKBNK) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 132.00 TRY versus a price of 66.00 TRY, about +100% (undervalued).
What is the fair value of AKBNK?
Our model-based fair value for Akbank T.A.S., is 132.00 TRY (as of Aug 4, 2026), built from audited fundamentals. The current price is 66.00 TRY.
What is the quality score of AKBNK?
Akbank T.A.S., has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Akbank T.A.S., (AKBNK)?
Akbank T.A.S., reported trailing-twelve-month revenue of about 226B TRY (latest available figure, as of Aug 4, 2026).
What is the net profit margin of AKBNK?
The net profit margin of Akbank T.A.S., is about 29.5%, meaning it keeps roughly 29.5% of revenue as net income. Based on the latest reported figures.
Does Akbank T.A.S., pay a dividend?
Akbank T.A.S., currently shows a dividend yield of about 3.47% relative to its recent price (as of Aug 4, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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