Yapi ve Kredi Bankasi AS (YKBNK) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Yapi ve Kredi Bankasi AS stock TRY 56.96, price TRY 33.96, upside +67.7%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Yapi ve Kredi Bankasi AS
YKBNK · ISThe stock costs 40% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range 1.99 TRY – 44.02 TRY · fair‑value band 42.72 TRY – 71.20 TRY · the 33.96 TRY price screens below the 56.96 TRY fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Company profile
Yapi ve Kredi Bankasi A.S., together with its subsidiaries, provides commercial banking and financial products and services in Turkey and internationally. It operates through three segments: Retail Banking; Corporate Banking; and Commercial and SME Banking.
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The Retail Banking segment offers banking products and services, such as card payment systems; individual portfolio; blue class; private and gold banking; general purpose, commercial installments, and auto loans; mortgages; time and demand deposits; investment accounts; life and non-life insurance products; wealth management activities; and payroll services.
This segment also provides time deposit products, mutual funds, foreign exchange, and gold and equity trading services; and personal art, inheritance, real estate, tax, education, and philanthropic advisory services.
The Corporate, Commercial, and SME Banking segment offers corporate banking for large-scale, international, and multinational companies; commercial banking for medium-sized enterprises; and SME banking, such as SME loans and banking packages products for SME companies.
This segment also provides working capital, trade, and project finance, as well as domestic and international non-cash loans comprising letters of credit and guarantee, cash management, and internet banking services; and financial and equity management advisory services.
It offers custody, leasing, investment and portfolio management, and factoring services. The company also provides money transfer; debit, world, business cards; home loan; checks and promissory notes services; and SME loans.
It serves customers through ATMs; and telephone, Internet, and mobile banking services. The was incorporated in 1944 and is headquartered in Istanbul, Turkey. Yapi ve Kredi Bankasi A.S. operates as a subsidiary of Koç Holding A.S.
Stock analysis
Yapi ve Kredi Bankasi AS (YKBNK) currently trades at 33.96 TRY, while our model-based Fair Value estimate is 56.96 TRY, implying the stock looks roughly 40.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 41.45 TRY per share, and 3 of the 6 models we run sit above the 33.96 TRY price.
Bear case: the Asset-Based group reads lowest at 19.84 TRY, and 3 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 42.72 TRY (bear) to 71.20 TRY (bull), the price of 33.96 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 47/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Yapi ve Kredi Bankasi AS reported revenue of 239B TRL in FY2025 versus 35.0B TRL in FY2021, a compound +61.6%/yr. Reported net income was 47.1B TRL in FY2025, compounding +45.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 287B TRY (≈ $5.7B) Mid · P/E ratio 485.1 · P/S ratio 95.7 · EPS (TTM) 0.0700 TRY · Net margin 19.7% · Return on equity 21.8% · Return on assets (EBIT) 1.3% · Operating margin 27.2%.
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 23% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 68%, YKBNK 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 Yapi ve Kredi Bankasi AS 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 · 1054 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
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 |
|---|---|---|---|---|
| BNP Paribas SA BNP | €85.65 | €106.06 | +24% | vs YKBNK |
| China Merchants Bank Co 600036 | ¥43.55 | ¥52.73 | +21% | vs YKBNK |
| Itaú Unibanco Holding ITUB | $7.37 | $6.94 | −6% | vs YKBNK |
| Intesa Sanpaolo S.p.A ISP | €5.96 | €4.15 | −30% | vs YKBNK |
| UniCredit S.p.A UCG | €73.05 | €50.44 | −31% | vs YKBNK |
| Oversea-Chinese Banking Corporation O39 | 28.96 SGD | 19.78 SGD | −32% | vs YKBNK |
| HDFC Bank Limited HDFCBANK | ₹683.30 | ₹406.39 | −41% | vs YKBNK |
| Mizuho Financial Group MFG | $9.99 | $5.92 | −41% | vs YKBNK |
| DBS Group D05 | 73.80 SGD | 40.39 SGD | −45% | vs YKBNK |
| ICICI Bank Limited ICICIBANK | ₹1,387 | ₹615.63 | −56% | vs YKBNK |
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Key figures of Yapi ve Kredi Bankasi AS
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