Analysis Article • May 08
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Cypriot (CYSMMAPA) Market Analysis & Valuation
UpdatedMay 12, 2026
DataAggregated Company Financials
Companies48
- 7D5.6%
- 3M1.4%
- 1Y41.3%
- YTD13.1%
Over the last 7 days, the market has risen 5.6%, driven by gains of 7.1% in the Financials sector. The market is up 41% over the last 12 months. Looking forward, earnings are expected to remain mostly flat in the next few years.
Market Valuation and Performance
Has the Cypriot Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 13 May 2026 | €6.3b | €3.5b | €666.6m | 8.9x | 9.5x | 1.8x |
| Fri, 10 Apr 2026 | €5.8b | €3.7b | €775.5m | 8x | 7.4x | 1.6x |
| Sun, 08 Mar 2026 | €5.7b | €3.7b | €774.2m | 8x | 7.4x | 1.6x |
| Tue, 03 Feb 2026 | €8.8b | €3.4b | €1.0b | 9x | 8.6x | 2.6x |
| Thu, 01 Jan 2026 | €8.2b | €3.4b | €1.0b | 8.9x | 7.9x | 2.4x |
| Sat, 29 Nov 2025 | €8.1b | €3.4b | €1.0b | 8.8x | 7.8x | 2.4x |
| Mon, 27 Oct 2025 | €8.2b | €3.4b | €1.1b | 9.1x | 7.7x | 2.4x |
| Wed, 24 Sep 2025 | €5.5b | €3.3b | €769.7m | 9.5x | 7.1x | 1.6x |
| Fri, 22 Aug 2025 | €5.5b | €3.3b | €755.5m | 9.4x | 7.2x | 1.7x |
| Sun, 20 Jul 2025 | €7.3b | €3.4b | €1.2b | 7.8x | 6.2x | 2.2x |
| Tue, 17 Jun 2025 | €7.2b | €3.4b | €1.2b | 8.1x | 6.2x | 2.1x |
| Thu, 15 May 2025 | €7.1b | €3.5b | €1.2b | 7.1x | 6.1x | 2x |
| Sat, 12 Apr 2025 | €8.1b | €4.0b | €1.4b | 7.2x | 5.9x | 2x |
| Mon, 10 Mar 2025 | €8.1b | €4.0b | €1.4b | 7.8x | 5.8x | 2x |
| Wed, 05 Feb 2025 | €8.0b | €4.2b | €1.5b | 7.6x | 5.5x | 1.9x |
| Fri, 03 Jan 2025 | €7.7b | €4.2b | €1.4b | 7.7x | 5.3x | 1.9x |
| Sun, 01 Dec 2024 | €7.2b | €4.6b | €1.5b | 7.2x | 4.9x | 1.6x |
| Tue, 29 Oct 2024 | €6.7b | €4.6b | €1.5b | 7.1x | 4.6x | 1.5x |
| Thu, 26 Sep 2024 | €5.4b | €4.7b | €1.2b | 7.4x | 4.6x | 1.1x |
| Sat, 24 Aug 2024 | €6.4b | €4.7b | €1.4b | 6.9x | 4.7x | 1.3x |
| Mon, 22 Jul 2024 | €6.0b | €4.7b | €1.4b | 6.7x | 4.4x | 1.3x |
| Wed, 19 Jun 2024 | €5.9b | €4.6b | €1.4b | 6.6x | 4.3x | 1.3x |
| Fri, 17 May 2024 | €5.7b | €4.5b | €1.3b | 6.5x | 4.5x | 1.3x |
| Sun, 14 Apr 2024 | €4.1b | €4.6b | €1.1b | 4.3x | 3.7x | 0.9x |
| Tue, 12 Mar 2024 | €5.2b | €4.6b | €1.1b | 5.6x | 4.6x | 1.1x |
| Thu, 08 Feb 2024 | €5.1b | €4.5b | €886.9m | 5.7x | 5.8x | 1.1x |
| Sat, 06 Jan 2024 | €4.9b | €4.5b | €850.3m | 5.6x | 5.7x | 1.1x |
| Mon, 04 Dec 2023 | €4.4b | €4.2b | €841.8m | 5.8x | 5.3x | 1.1x |
| Wed, 01 Nov 2023 | €4.3b | €3.9b | €565.9m | 6.1x | 7.5x | 1.1x |
| Fri, 29 Sep 2023 | €4.0b | €4.0b | €562.0m | 8.3x | 7.1x | 1x |
| Sun, 27 Aug 2023 | €4.0b | €3.9b | €487.9m | 10.2x | 8.2x | 1x |
| Tue, 25 Jul 2023 | €3.6b | €3.7b | €371.0m | 9.7x | 9.8x | 1x |
| Thu, 22 Jun 2023 | €4.6b | €3.8b | €352.5m | 10.1x | 13.1x | 1.2x |
| Sat, 20 May 2023 | €4.3b | €3.8b | €352.4m | 10.2x | 12.2x | 1.1x |
Price to Earnings Ratio
12.2x
Current Market PE
- Investors are optimistic on the Cypriot market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.5x which is higher than its 3-year average PE of 6.5x.
Past Earnings Growth
- The earnings for Cypriot listed companies have grown 24% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.2% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.
Sector Trends
Which sectors have driven the changes within the Cypriot Market?
| CY Market | 5.63% | |
| Financials | 7.10% | |
| Consumer Staples | 2.13% | |
| Materials | 1.89% | |
| Consumer Discretionary | 1.89% | |
| Energy | 1.63% | |
| Tech | 0.61% | |
| Industrials | 0% | 0 |
| Healthcare | 0% | 0 |
| Telecom | 0% | 0 |
| Utilities | 0% | 0 |
| Real Estate | -1.14% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Tech sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 5.8x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Financials sector.
- They expect its earnings to decline by only 0.2% per year over the next 5 years, which isn't as bad as the other sectors.
- This is a reversal from its past annual earnings growth rate of 20% per year.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat 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 | Sector | |
|---|---|---|---|---|---|---|
| BOCH Bank of Cyprus Holdings | €9.58 | 1.9% +€78.5m | 53.5% | PB1.4x | Financials | |
| DEM Demetra Holdings | €1.55 | 8.0% +€23.0m | -2.5% | PE29.1x | Financials | |
| CBH Constantinou Bros Hotels | €0.27 | 9.6% +€3.9m | 149.1% | PE4.4x | Consumer Discretionary | |
| VCW Vassiliko Cement Works | €5.00 | 0.8% +€2.9m | 20.8% | PE10.1x | Materials | |
| FBI Alkis H. Hadjikyriacos (Frou Frou Biscuits) | €0.43 | 6.5% +€2.6m | 6.5% | PE9.3x | Consumer Staples |