Turkiye Garanti Bankasi A.S. (GARAN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Turkiye Garanti Bankasi A.S. stock TRY 150, price TRY 144, upside +4.0%, quality 52 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Turkiye Garanti Bankasi A.S.
GARAN · ISThe stock costs about what our calculation considers fair.
Risks from the AI analysis
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 7.10 TRY – 158.59 TRY · fair‑value band 126.85 TRY – 195.46 TRY · the 144.30 TRY price screens below the 150.07 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
Turkiye Garanti Bankasi A.S. provides various banking products and services in Turkey.
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It offers current, savings, time deposit, e-savings, YUVAM, NET, ELMA, overdraft, and gold accounts; SME general purpose, auto, mortgage, commercial, foreign currency spot, installment loans, and project loans, as well as IBOR reforms and foreign trade financing; investment funds, stocks, derivatives, Garanti BBVA e-trader platform, time barred deposit and investment lists, and derivative instruments; credit and debit cards, BonusFlas, and POS and e-commerce products; and insurance and pension products.
The company also provides payment systems and services; private banking services; banking services for salary payments/entrepreneurship and women entrepreneurs; leasing fleet factoring services; investment banking and financing services; mobile and internet banking services; and ATM and cash management services.
The company was founded in 1946 and is headquartered in Istanbul, Turkey. Turkiye Garanti Bankasi A.S. is a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A.
Stock analysis
Turkiye Garanti Bankasi A.S. (GARAN) currently trades at 144.30 TRY, while our model-based Fair Value estimate is 150.07 TRY, so the stock looks roughly fairly valued today (gap 3.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of 215.95 TRY per share, and 2 of the 6 models we run sit above the 144.30 TRY price.
Bear case: the Dividend Discount group reads lowest at 35.99 TRY, and 4 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 126.85 TRY (bear) to 195.46 TRY (bull), the price of 144.30 TRY sits inside 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 52/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Turkiye Garanti Bankasi A.S. reported revenue of 410B TRY in FY2025 versus 61.6B TRY in FY2021, a compound +60.7%/yr. Reported net income was 110B TRY in FY2025, compounding +70.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 606B TRY (≈ $12.1B) Large · P/E ratio 5.0 · P/S ratio 1.52 · EPS (TTM) 28.95 TRY · Net margin 30.8% · Return on equity 26.7% · Return on assets (EBIT) 2.1% (5-year average) · Operating margin 43.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 77 out of 100 (medium confidence).
What moves the price
The share trades about 9% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 4%, GARAN screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Compare Turkiye Garanti Bankasi A.S. with another stock
Price, fair value, quality and upside side by side.
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 · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- PEG screener for stocks with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs GARAN |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs GARAN |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs GARAN |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs GARAN |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs GARAN |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs GARAN |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs GARAN |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs GARAN |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs GARAN |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs GARAN |
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Frequently asked questions
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Key figures of Turkiye Garanti Bankasi A.S.
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