Turk Hava Yollari AO (IST:THYAO) EBITDA Margin %: 15.63% (As of Mar. 2026) — 33% Below Median


IST:THYAO Turk Hava Yollari AO IST:THYAO
81 GF Score
Price ₺328.50
GF Value ₺465.64
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Turk Hava Yollari AO EBITDA Margin %?

Turk Hava Yollari AO IST:THYAO +1.15% 81 EBITDA Margin % is 15.63% as of Mar. 2026, which is 33% below its 10-year median of 23.26. GuruFocus rates IST:THYAO with a GF Score™ of 81/100 and a GF Value™ of ₺465.64 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,007 Transportation companies, Turk Hava Yollari AO ranks better than 73.39% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. Turk Hava Yollari AO's EBITDA for the three months ended in Mar. 2026 was ₺40,832 Mil. Turk Hava Yollari AO's Revenue for the three months ended in Mar. 2026 was ₺261,196 Mil. Therefore, Turk Hava Yollari AO's EBITDA margin for the quarter that ended in Mar. 2026 was 15.63%.


Turk Hava Yollari AO  (IST:THYAO) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


Turk Hava Yollari AO EBITDA Margin % Related Terms


Turk Hava Yollari AO EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for Turk Hava Yollari AO's EBITDA Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Turk Hava Yollari AO EBITDA Margin % Chart

Turk Hava Yollari AO Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.47 28.66 29.84 28.69 26.37

Turk Hava Yollari AO Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.22 25.23 33.97 29.27 15.63

IST:THYAO vs DAL, UAL, LUV: EBITDA Margin % Comparison

For the Airlines subindustry, Turk Hava Yollari AO's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Turk Hava Yollari AO EBITDA Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's EBITDA Margin % falls into.


IST:THYAO
81GF Score
Turk Hava Yollari AO IST:THYAO
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Turk Hava Yollari AO EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

Turk Hava Yollari AO's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=270971.579/1027593.824
=26.37 %

Turk Hava Yollari AO's EBITDA Margin % for the quarter that ended in Mar. 2026 is calculated as

EBITDA Margin %=EBITDA (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=40832.489/261195.503
=15.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA Margin % →
What does a EBITDA Margin % of 15.63% mean?
Turk Hava Yollari AO (IST:THYAO) has a EBITDA Margin % of 15.63% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Turk Hava Yollari AO and its competitors. This is 33% below median its historical median of 23.26. Over the past decade, Turk Hava Yollari AO's EBITDA Margin % has ranged from 13.86 to 29.84. According to the industry distribution chart, Turk Hava Yollari AO ranks #268 out of 1007 companies in the Transportation industry, placing it in the top 26.6%.
Is Turk Hava Yollari AO's EBITDA Margin % too high?
Turk Hava Yollari AO's current EBITDA Margin % of 15.63% is 33% below median its 10-year median of 23.26. Over the past 10 years, this metric has ranged from a low of 13.86 to a high of 29.84. The Transportation industry median EBITDA Margin % is 13.68. Turk Hava Yollari AO's value of 15.63% is 14.3% above this industry median. Based on the distribution chart, Turk Hava Yollari AO ranks #268 out of 1007 companies in the Transportation industry, which is above the industry midpoint. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's EBITDA Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #268 out of 1007 companies for EBITDA Margin %. This puts Turk Hava Yollari AO in the upper half of its industry. The industry median EBITDA Margin % is 13.68. Turk Hava Yollari AO's value of 15.63% is 14.3% above this benchmark. Historically, Turk Hava Yollari AO's own EBITDA Margin % has ranged from 13.86 to 29.84 over the past decade. While the company's 10-year median is 23.26 vs. the industry median of 13.68, Turk Hava Yollari AO has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Transportation company?
The median EBITDA Margin % among Transportation companies is 13.68, based on 1,007 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Turk Hava Yollari AO's current EBITDA Margin % of 15.63% is 14.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Turk Hava Yollari AO and its competitors. For the Transportation industry, the median EBITDA Margin % is 13.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current EBITDA Margin % is 15.63%, which is 33% below median its own 10-year median of 23.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺465.64, compared to a current price of ₺328.50 — trading 29.5% below its estimated fair value. The current EBITDA Margin % is 15.63%, which is 33% below median its 10-year median of 23.26 and 14.3% above the Transportation industry median of 13.68. Turk Hava Yollari AO's overall GF Score™ is 81/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Turk Hava Yollari AO (IST:THYAO), the current EBITDA Margin % is 15.63% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?

Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued. The current stock price of ₺328.50 is trading 29.5% below its estimated GF Value™ of ₺465.64. GuruFocus considers Turk Hava Yollari AO to be Modestly Undervalued.

Key valuation signals for IST:THYAO:

  • EBITDA Margin %: 15.63% (33% below median its 10-year median of 23.26)
  • GF Value™: ₺465.64 vs. price of ₺328.50 (29.5% below fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 14.3% above the Transportation median (#268 of 1007)

No single metric tells the full story. See the IST:THYAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Turk Hava Yollari AO Business Description

Other Exchanges TKHVY:USATU5A:Germany
Address Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score

Get the complete analysis for IST:THYAO

EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺328.50
Price
₺465.64
GF Value