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Akbank TAS (AKBNK) fair value: what the stock is really worth

As of Nov 2, 2026: fair value (intrinsic value) of Akbank TAS stock TRY 112, price TRY 63.30, upside +76.6%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Financial Services TR · ISIN TRAAKBNK91N6

AT Akbank TAS logo Some data Oct 31, 2026

Akbank TAS

AKBNK · IS
Cheap, value-trap risk

The stock costs 43% less than our calculation considers fair.

Fair value 111.78 TRY · Strongly undervalued (43%)
Highly profitable · 27.3% net margin (TTM)
Low debt
Ranks above peers (9/13)
Wide moat 67/100
Costs just 5.1 times its yearly profit.
Quality 46/100
Expensive Growth (revenue 5y +54.7 %/yr in TRY)
3.5% dividend yield · Watch coverage
Some data
Negative free cash flow
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

90.06 TRY 4.05 TRY Fair Value 111.78 TRY Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.

How to read this chart

60‑month range 4.05 TRY – 90.06 TRY · fair‑value band 83.83 TRY – 139.72 TRY · the 63.30 TRY price screens below the 111.78 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.

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Company profile

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

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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.

Stock analysis

Akbank TAS (AKBNK) currently trades at 63.30 TRY, while our model-based Fair Value estimate is 111.78 TRY, implying the stock looks roughly 43.4% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 80.41 TRY per share, and 3 of the 6 models we run sit above the 63.30 TRY price.

Bear case: the Asset-Based group reads lowest at 38.48 TRY, and 3 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: 83.83 TRY (bear) to 139.72 TRY (bull), the price of 63.30 TRY sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 46/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Akbank TAS 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. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 329B TRY (≈ $6.6B) Mid · P/E ratio 5.1 · P/S ratio 1.40 · EPS (TTM) 12.36 TRY · Dividend yield 3.5% · Net margin 27.3% · Return on equity 21.2% · Return on assets (EBIT) 2.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).

What moves the price

The share trades about 30% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at 77%, AKBNK screens cheaper than that median.

Fair Value models

Bear 83.83 TRY Fair Value 111.78 TRY Bull 139.72 TRY
Price 63.30 TRY · Upside +76.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (8.52 TRY per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income 57.79 TRY 68.23 TRY 83.89 TRY 76
Gordon GGM 8.23 TRY 8.78 TRY 9.58 TRY 69
DDM Multi-Stage 8.23 TRY 9.46 TRY 10.97 TRY 67
All 6 models by family
Dividend Discount
Gordon GGM 8.23 TRY 8.78 TRY 9.58 TRY 69
DDM Multi-Stage 8.23 TRY 9.46 TRY 10.97 TRY 67
Multiples
P/E Multiple 107.35 TRY 143.14 TRY 178.92 TRY 63
P/B Multiple 60.31 TRY 80.41 TRY 100.51 TRY 55
Asset-Based
NCAV (Graham) 28.72 TRY 38.48 TRY 57.43 TRY 54
Economic Profit
Residual Income 57.79 TRY 68.23 TRY 83.89 TRY 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 46/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 39
How much profit the company makes from its sales and capital
Quality Growth 59
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 58
Debt, balance sheet and risk of trouble
Investment 26
Does it invest with discipline instead of growing at any price?
Low Volatility 64
How calm the share price moves, does not count
Price momentum 37
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 33
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+43.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+54.7%
Start year 2020 (pandemic). Over 10 years: +39.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−32.3%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+59.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+55.7%
Dividend (yield on the price)3.5%

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Peer Groupⓘ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.Banks - Regional · 999 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 46 · Bottom 25%
Fair Value upside +76.6% · Top 25%
Profitability
Return on equity (12 months) 21.2% · Top 25%
Return on assets 1.6% · Top 25%
Net margin (12 months) 27.3% · Below median
Operating margin (12 months) 27.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 19.5% · Top 25%
Dividend yield (12 months) 3.5% · Above median
Balance sheet
Debt / equity 0.12× · Below median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 5.1× · Cheapest 25%
P/B 1.06× · Cheaper than median
P/S (12 months) 1.40× · Cheapest 25%
PEG 1.79× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 9
FUTURE (revenue growth)98 · sector 48
PAST (return on equity)85 · sector 43
HEALTH (low debt)94 · sector 85
DIVIDEND (yield)70 · sector 52

Context: sector, industry, market

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

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Merchants Bank Co 600036 ¥43.18 ¥52.73 +22% vs AKBNK
BNP Paribas SA BNP €87.04 €106.06 +22% vs AKBNK
Itaú Unibanco Holding ITUB $7.13 $6.90 −3% vs AKBNK
Intesa Sanpaolo S.p.A ISP €5.95 €4.53 −24% vs AKBNK
UniCredit S.p.A UCG €74.40 €50.44 −32% vs AKBNK
Oversea-Chinese Banking Corporation O39 28.32 SGD 18.20 SGD −36% vs AKBNK
Mizuho Financial Group MFG $9.66 $5.92 −39% vs AKBNK
HDFC Bank Limited HDFCBANK ₹700.00 ₹406.39 −42% vs AKBNK
DBS Group D05 71.71 SGD 40.39 SGD −44% vs AKBNK
ICICI Bank Limited ICICIBANK ₹1,387 ₹615.63 −56% vs AKBNK

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Akbank TAS · Fair Value
111.78 TRY +43%Fair Value
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Cite: Fair Value Calculator (2026). "Akbank TAS Fair Value". https://www.fairvalue-calculator.com/stock/AKBNK

Frequently asked questions

Is Akbank TAS (AKBNK) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of 111.78 TRY versus a price of 63.30 TRY, about +77% upside (undervalued).
What is the fair value of AKBNK?
Our model-based fair value for Akbank TAS is 111.78 TRY (as of Oct 31, 2026), built from audited fundamentals. The current price: 63.30 TRY.
What is the quality score of AKBNK?
Akbank TAS has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Akbank TAS (AKBNK)?
Our model-based price target is the fair value of 111.78 TRY (as of Oct 31, 2026) from 6 valuation models. Cautious scenario 83.83 TRY, optimistic scenario 139.72 TRY. It is a calculation from audited fundamentals, not an analyst target.
What is the Akbank TAS stock forecast for 2026?
Our models put fair value at 111.78 TRY, about +77% upside versus a price of 63.30 TRY (undervalued). Cautious scenario 83.83 TRY, optimistic scenario 139.72 TRY. The calculation is refreshed regularly with new filings.
What is the revenue of Akbank TAS (AKBNK)?
Akbank TAS reported trailing-twelve-month revenue of about 236B TRY (latest available figure, as of Oct 31, 2026).
Does Akbank TAS pay a dividend?
Akbank TAS currently shows a dividend yield of 3.48% relative to its recent price (as of Oct 31, 2026).
What is the intrinsic value of Akbank TAS (AKBNK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Akbank TAS it is 111.78 TRY per share (as of Oct 31, 2026), against a price of 63.30 TRY. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Akbank TAS stock overvalued or undervalued in 2026?
As of Oct 31, 2026, AKBNK trades below its calculated fair value: price 63.30 TRY, fair value 111.78 TRY, a gap of about +77% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AKBNK?
No. The price is what the market pays today (63.30 TRY); the fair value is what the company's own numbers justify (111.78 TRY). For Akbank TAS the two are 48.48 TRY per share apart. That gap is exactly why we show both numbers side by side.
How much is Akbank TAS worth?
The market values Akbank TAS at about 329B TRY (market capitalisation, as of Oct 31, 2026). Per share that is 63.30 TRY; our models calculate a fair value of 111.78 TRY per share.
What do the bullish and bearish scenarios say about AKBNK?
Our models span a range for Akbank TAS: cautious scenario 83.83 TRY, base 111.78 TRY, optimistic 139.72 TRY per share (as of Oct 31, 2026, price 63.30 TRY). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKBNK?
Akbank TAS trades at a price-to-earnings ratio of 5.1 (as of Oct 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 111.78 TRY is built from several models across several years. Other multiples: PEG 1.8, P/B 1.1, P/S 1.4.
What is the PEG ratio of AKBNK?
The PEG ratio of Akbank TAS is 1.79 (P/E divided by earnings growth, as of Oct 31, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Akbank TAS (AKBNK)?
Balance-sheet figures for Akbank TAS (as of Oct 31, 2026): return on equity 21.2%, debt of 0.12 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is AKBNK from its 52-week high?
Akbank TAS trades at 63.30 TRY, about 30% below its 52-week high of 90.06 TRY and 12% above the low of 56.49 TRY (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of 111.78 TRY is for.
Which stocks are comparable to Akbank TAS?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Akbank TAS stock attractive at the current price?
The data as of Oct 31, 2026: price 63.30 TRY, calculated fair value 111.78 TRY (+77%), Quality Score 46/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AKBNK calculated?
We run Akbank TAS through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 111.78 TRY, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Akbank TAS currently trades 43 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Akbank TAS (AKBNK)?
The closing price on Nov 2, 2026 was 63.30 TRY. Our model-based fair value is 111.78 TRY, about +77% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Akbank TAS right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (83.83 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.

Key figures of Akbank TAS

How large is the market capitalisation of Akbank TAS (AKBNK)?
The market capitalisation of Akbank TAS is 329B TRY (≈ $6.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Akbank TAS (AKBNK)?
The price-to-sales ratio of Akbank TAS is 1.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Akbank TAS (AKBNK)?
Earnings per share at Akbank TAS are 12.36 TRY (price ÷ EPS = P/E 5.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Akbank TAS (AKBNK)?
The dividend yield of Akbank TAS is 3.5% (payout 17.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Akbank TAS (AKBNK)?
The net margin of Akbank TAS is 27.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Akbank TAS (AKBNK)?
The return on equity (ROE) of Akbank TAS is 21.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Akbank TAS (AKBNK)?
On an EBIT basis the return on assets of Akbank TAS is 2.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Akbank TAS (AKBNK)?
The operating margin of Akbank TAS is 27.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Akbank TAS (AKBNK)?
Revenue at Akbank TAS is growing +19.5% versus a year earlier (3y avg +27.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Akbank TAS (AKBNK)?
Earnings per share at Akbank TAS are growing −17.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Akbank TAS (AKBNK) generate?
The free cash flow of Akbank TAS is −31.3B TRY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Akbank TAS (AKBNK) carry?
The net debt of Akbank TAS is 239B TRY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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