Türk Hava Yollari Anonim Ortakligi (IST:THYAO)

IST:THYAO Ratios and Metrics

Market cap in millions TRY. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	424,327	370,513	387,767	315,458	194,442	27,628
Market Cap Growth	-9.23%	-4.45%	22.92%	62.24%	603.80%	55.07%
Enterprise Value	1,044,175	755,281	669,557	511,172	357,818	146,195
Last Close Price	307.50	268.50	274.50	223.32	137.64	19.56

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	3.39	2.96	3.20	1.77	3.81	2.18
Forward PE	3.80	3.79	4.06	4.80	5.83	6.61
PS Ratio	0.35	0.36	0.48	0.51	0.56	0.20
PB Ratio	0.41	0.41	0.57	0.69	1.07	0.31
P/TBV Ratio	0.42	0.41	0.57	0.69	1.08	0.31
P/FCF Ratio	7.15	3.78	3.42	2.71	2.10	0.73
P/OCF Ratio	2.69	2.01	2.44	2.06	1.73	0.56
PEG Ratio	-	1.87	1.87	1.87	1.87	2.20

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	0.85	0.73	0.84	0.83	1.04	1.04
EV/EBITDA Ratio	5.92	6.09	6.23	4.94	5.65	5.77
EV/EBIT Ratio	18.39	9.15	8.70	6.32	6.84	8.01
EV/FCF Ratio	17.59	7.71	5.91	4.39	3.86	3.88

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.89	0.84	0.72	0.92	1.44	2.18
Debt / EBITDA Ratio	5.30	4.12	3.17	2.99	3.01	4.78
Debt / FCF Ratio	15.40	7.81	4.33	3.61	2.83	5.23
Net Debt / Equity Ratio	0.61	0.54	0.40	0.53	0.96	1.79
Net Debt / EBITDA Ratio	6.08	4.00	2.57	2.35	2.75	6.38
Net Debt / FCF Ratio	10.44	5.06	2.43	2.08	1.88	4.29
Asset Turnover	0.57	0.56	0.60	0.63	0.64	0.41
Inventory Turnover	24.04	24.63	33.66	42.81	47.34	29.34
Quick Ratio	0.68	0.75	0.77	0.80	0.73	0.56
Current Ratio	0.91	0.99	1.01	0.95	0.88	0.73
Return on Equity (ROE)	13.13%	14.31%	19.64%	47.59%	32.87%	15.70%
Return on Assets (ROA)	1.53%	2.79%	3.61%	5.14%	6.08%	3.32%
Return on Invested Capital (ROIC)	2.97%	5.48%	8.03%	12.78%	13.58%	6.58%
Return on Capital Employed (ROCE)	2.90%	5.30%	7.20%	10.30%	12.30%	7.00%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	29.52%	33.74%	31.24%	56.44%	26.22%	45.83%
FCF Yield	13.99%	26.45%	29.21%	36.95%	47.69%	136.34%
Dividend Yield	2.29%	-	2.51%	-	-	-
Payout Ratio	4.06%	7.66%	-	-	-	-
Buyback Yield / Dilution	0.00%	0.00%	0.00%	0.00%	-	-
Total Shareholder Return	2.29%	0.00%	2.51%	0.00%	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error