Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, (VAKBN) Fair Value & Analysis
Financial Services · TR · Market cap 290B TRY
Fair value as of: Aug 2, 2026
From 17 valuation models · updated today
Share price −12.2% over the past month.
Below-average quality, and the price sits 100% below our fair value.
What matters now
- The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (43.83 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range 3.22 TRY – 42.22 TRY · fair‑value band 43.83 TRY – 73.05 TRY · the 29.22 TRY price screens below the 58.44 TRY fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, (VAKBN) currently trades at 29.22 TRY, while our model-based Fair Value estimate is 58.44 TRY, implying the stock looks roughly 100.0% undervalued today. We read business quality at 41/100 (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, Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, generated revenue of 246B TRY at a net margin of 29.5%. Revenue grew 25.9% year over year. It earns a return on equity of 25.1%. Net debt stands at 13.2B TRY. Fundamentals as of Aug 2, 2026
Our scenario range runs from 43.83 TRY (bear case) to 73.05 TRY (bull case); at 29.22 TRY, the current price sits below that range. The share trades about 32% below its 52-week high and 37% 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%, VAKBN 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.
All 15 models by family
Widest divergence: DCF Models (303.51 TRY) versus Asset-Based (22.20 TRY). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 48
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
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, together with its subsidiaries, provides corporate, commercial, SME, agricultural, and modern banking products and services in Turkey and internationally.
Full company description
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, together with its subsidiaries, provides corporate, commercial, SME, agricultural, and modern banking products and services in Turkey and internationally. It offers time, demand, and term deposits accounts; mortgage, car, personal, and private banking yacht loans; housing, comprehensive, motor, compulsory traffic, travel and complementary health, and compulsory earthquake insurance; and individual pension contract, private pension agreement, and life insurance products. The company also provides investment products, such as investment funds, Government Bonds and treasury bills, eurobond, bank bonds, gold trading, VakifBank Gold, stocks, VIOP, safe deposit boxes, options, dual currency deposit, contingent option, currency swap, and forward agreements. In addition, it offers export / import transactions, foreign currency transfer, Eximbank Loans, and foreign trade solutions; money transfer services; and factoring and leasing services, as well as digital banking services. The company was incorporated in 1954 and is headquartered in Istanbul, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, reported revenue of 251B TRL in FY2025 versus 21.1B TRL in FY2021, a compound +85.6%/yr. Reported net income was 77.2B TRL in FY2025, compounding +96.6%/yr from FY2021.
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Peer Group
Banks - Regional · 1093 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.
Valuation Multiples vs Banks - Regional median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 2, 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
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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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