Greek (ASE) Banks Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies6
- 7D2.3%
- 3M8.4%
- 1Y48.8%
- YTD23.0%
The Banks industry is up 2.3% in the last week, with National Bank of Greece up 3.3%. This means that the industry has gained 49% over the past year. Looking forward, earnings are forecast to grow by 2.6% annually.
Industry Valuation and Performance
Has the Greek Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | €25.4b | €9.5b | €4.0b | 6.9x | 6.4x | 2.7x |
| Sun, 14 Apr 2024 | €23.3b | €9.3b | €3.8b | 6.6x | 6.1x | 2.5x |
| Tue, 12 Mar 2024 | €23.2b | €9.4b | €4.1b | 5.6x | 5.6x | 2.5x |
| Thu, 08 Feb 2024 | €23.0b | €9.0b | €3.9b | 6.4x | 5.9x | 2.5x |
| Sat, 06 Jan 2024 | €20.2b | €9.0b | €3.9b | 5.5x | 5.2x | 2.2x |
| Mon, 04 Dec 2023 | €20.1b | €9.0b | €3.9b | 5.4x | 5.2x | 2.2x |
| Wed, 01 Nov 2023 | €18.0b | €8.3b | €3.3b | 6x | 5.4x | 2.2x |
| Fri, 29 Sep 2023 | €16.7b | €8.1b | €3.2b | 5.4x | 5.1x | 2x |
| Sun, 27 Aug 2023 | €19.2b | €8.1b | €3.2b | 6.1x | 5.9x | 2.4x |
| Tue, 25 Jul 2023 | €19.9b | €8.7b | €3.3b | 6.6x | 6x | 2.3x |
| Thu, 22 Jun 2023 | €18.0b | €8.7b | €3.3b | 5.7x | 5.5x | 2.1x |
| Sat, 20 May 2023 | €16.1b | €8.5b | €3.1b | 5.4x | 5.1x | 1.9x |
| Mon, 17 Apr 2023 | €14.6b | €8.9b | €3.3b | 4.2x | 4.4x | 1.6x |
| Wed, 15 Mar 2023 | €15.0b | €7.3b | €2.7b | 3.8x | 5.6x | 2.1x |
| Fri, 10 Feb 2023 | €15.2b | €10.6b | €2.5b | 4.2x | 6.1x | 1.4x |
| Sun, 08 Jan 2023 | €12.1b | €10.6b | €2.5b | 3.4x | 4.9x | 1.1x |
| Tue, 06 Dec 2022 | €11.1b | €10.6b | €2.5b | 3.1x | 4.5x | 1.1x |
| Thu, 03 Nov 2022 | €10.9b | €6.8b | €1.4b | 6x | 7.8x | 1.6x |
| Sat, 01 Oct 2022 | €9.1b | €6.8b | €1.4b | 4.9x | 6.6x | 1.4x |
| Mon, 29 Aug 2022 | €10.4b | €6.7b | €1.4b | 5.5x | 7.5x | 1.5x |
| Wed, 27 Jul 2022 | €6.9b | €6.1b | -€1,157,000,000.00 | 6.4x | -5.9x | 1.1x |
| Fri, 24 Jun 2022 | €7.4b | €6.1b | -€1,157,000,000.00 | 6.7x | -6.4x | 1.2x |
| Sun, 22 May 2022 | €7.9b | €6.2b | -€971,000,000.00 | 7.2x | -8.1x | 1.3x |
| Tue, 19 Apr 2022 | €8.9b | €5.3b | -€1,896,000,000.00 | 7.9x | -4.7x | 1.7x |
| Thu, 17 Mar 2022 | €6.7b | €3.1b | €980.0m | 8x | 6.8x | 2.2x |
| Sat, 12 Feb 2022 | €7.7b | €3.2b | €736.0m | 27.9x | 10.4x | 2.4x |
| Mon, 10 Jan 2022 | €6.3b | €3.2b | €736.0m | 23.2x | 8.5x | 2x |
| Wed, 08 Dec 2021 | €5.9b | €3.2b | €736.0m | 22x | 8x | 1.8x |
| Fri, 05 Nov 2021 | €6.1b | €3.2b | €727.0m | 14.7x | 8.4x | 1.9x |
| Sun, 03 Oct 2021 | €5.2b | €3.2b | €727.0m | 12.4x | 7.2x | 1.6x |
| Tue, 31 Aug 2021 | €5.3b | €3.2b | €727.0m | 12.5x | 7.3x | 1.7x |
| Wed, 07 Jul 2021 | €5.3b | €3.2b | €727.0m | 12.9x | 7.4x | 1.7x |
Price to Earnings Ratio
-5.6x
Current Industry PE
- Investors are optimistic on the Greek Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 6.4x which is higher than its 3-year average PE of 4.4x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- Total earnings for the Banks industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 36% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Greek Financials industry?
| GR Market | 0.66% | |
| Financials | 2.17% | |
| Banks | 2.34% | |
| Diversified Banks | 2.34% | |
| Regional Banks | 0% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 4.4x.
- Analysts are expecting annual earnings growth of 2.6%, which is lower than the prior year's growth of 51.4% per year.
- Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 2.6% over the next 5 years.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ETE National Bank of Greece | €8.35 | 3.3% +€246.6m | 54.7% | PB1x | |
| EUROB Eurobank Ergasias Services and Holdings | €2.10 | 1.7% +€128.1m | 46.3% | PB1x | |
| TPEIR Piraeus Financial Holdings | €3.87 | 2.3% +€107.2m | 63.8% | PB0.6x | |
| ALPHA Alpha Services and Holdings | €1.67 | 2.4% +€91.5m | 40.8% | PB0.5x | |
| OPTIMA Optima bank | €11.60 | 3.6% +€29.5m | n/a | PB1.7x |