Athens International Airport S.A. (ATH:AIA) Half-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Sep 12
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Greek (ASE) Market Analysis & Valuation
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies136
- 7D2.6%
- 3M14.4%
- 1Y39.7%
- YTD32.7%
The market has climbed 2.2% in the last 7 days, lead by the Financials sector with a gain of 2.6%. In the last year, the market has climbed 40%. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | €111.0b | €88.3b | €8.7b | 15.7x | 12.8x | 1.3x |
| Wed, 13 Aug 2025 | €112.8b | €87.2b | €8.8b | 16x | 12.8x | 1.3x |
| Fri, 11 Jul 2025 | €105.6b | €88.0b | €8.9b | 14.2x | 11.9x | 1.2x |
| Sun, 08 Jun 2025 | €99.7b | €88.0b | €9.0b | 14.1x | 11.1x | 1.1x |
| Tue, 06 May 2025 | €93.3b | €87.3b | €9.1b | 12.1x | 10.2x | 1.1x |
| Thu, 03 Apr 2025 | €95.3b | €87.4b | €9.4b | 12.3x | 10.1x | 1.1x |
| Sat, 01 Mar 2025 | €89.3b | €86.8b | €9.7b | 12.3x | 9.3x | 1x |
| Mon, 27 Jan 2025 | €87.8b | €86.5b | €9.6b | 12.2x | 9.1x | 1x |
| Wed, 25 Dec 2024 | €82.5b | €87.0b | €9.6b | 11.3x | 8.6x | 0.9x |
| Fri, 22 Nov 2024 | €79.5b | €86.9b | €9.5b | 11.1x | 8.3x | 0.9x |
| Sun, 20 Oct 2024 | €82.1b | €86.4b | €10.4b | 11.5x | 7.9x | 0.9x |
| Tue, 17 Sep 2024 | €81.4b | €85.3b | €10.2b | 12.6x | 8x | 1x |
| Thu, 15 Aug 2024 | €81.8b | €84.2b | €10.2b | 11.6x | 8x | 1x |
| Sat, 13 Jul 2024 | €83.7b | €83.3b | €10.0b | 11.5x | 8.4x | 1x |
| Mon, 10 Jun 2024 | €84.3b | €84.2b | €10.0b | 12.2x | 8.5x | 1x |
| Wed, 08 May 2024 | €84.2b | €84.5b | €9.8b | 12.5x | 8.6x | 1x |
| Fri, 05 Apr 2024 | €81.0b | €85.5b | €9.3b | 12.1x | 8.7x | 0.9x |
| Sun, 03 Mar 2024 | €82.8b | €85.2b | €9.8b | 12.5x | 8.4x | 1x |
| Tue, 30 Jan 2024 | €76.8b | €85.9b | €9.2b | 12.2x | 8.3x | 0.9x |
| Thu, 28 Dec 2023 | €73.8b | €87.1b | €9.2b | 12.2x | 8x | 0.8x |
| Sat, 25 Nov 2023 | €72.1b | €87.1b | €9.1b | 12.3x | 7.9x | 0.8x |
| Mon, 23 Oct 2023 | €67.6b | €90.7b | €8.2b | 11.9x | 8.3x | 0.7x |
| Wed, 20 Sep 2023 | €69.6b | €91.5b | €7.9b | 13x | 8.8x | 0.8x |
| Fri, 18 Aug 2023 | €72.6b | €94.4b | €8.8b | 12.7x | 8.2x | 0.8x |
| Sun, 16 Jul 2023 | €74.5b | €94.7b | €8.8b | 12.9x | 8.5x | 0.8x |
| Tue, 13 Jun 2023 | €71.1b | €94.8b | €8.8b | 12.8x | 8.1x | 0.8x |
| Thu, 11 May 2023 | €64.2b | €92.1b | €8.3b | 12.1x | 7.8x | 0.7x |
| Sat, 08 Apr 2023 | €61.8b | €90.2b | €8.8b | 11.9x | 7x | 0.7x |
| Mon, 06 Mar 2023 | €64.6b | €89.8b | €10.4b | 12.2x | 6.2x | 0.7x |
| Wed, 01 Feb 2023 | €59.6b | €93.0b | €10.8b | 11.3x | 5.5x | 0.6x |
| Fri, 30 Dec 2022 | €54.5b | €90.5b | €10.5b | 10.9x | 5.2x | 0.6x |
| Sun, 27 Nov 2022 | €54.1b | €89.4b | €10.4b | 10.9x | 5.2x | 0.6x |
| Tue, 25 Oct 2022 | €51.1b | €78.5b | €9.0b | 10.6x | 5.7x | 0.7x |
| Thu, 22 Sep 2022 | €49.8b | €75.7b | €9.2b | 10.4x | 5.4x | 0.7x |
Price to Earnings Ratio
5.4x
Current Market PE
- Investors are optimistic on the Greek market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 12.8x which is higher than its 3-year average PE of 8.3x.
Past Earnings Growth
- The earnings for Greek listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 5.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Greek Market?
| GR Market | 2.62% | |
| Energy | 4.67% | |
| Telecom | 4.43% | |
| Financials | 3.79% | |
| Materials | 3.05% | |
| Consumer Discretionary | 2.75% | |
| Healthcare | 1.81% | |
| Utilities | 1.19% | |
| Real Estate | 0.83% | |
| Tech | 0.67% | |
| Industrials | 0.11% | |
| Consumer Staples | -1.19% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 22.1x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings decline of 3.3% per year.
- In contrast, the Consumer Discretionary sector is expected to see its earnings grow by 4.7% 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 | Sector | |
|---|---|---|---|---|---|---|
| EUROB Eurobank Ergasias Services and Holdings | €3.29 | 3.3% +€400.0m | 66.4% | PB1.2x | Financials | |
| TPEIR Piraeus Financial Holdings | €7.10 | 3.7% +€317.3m | 83.0% | PB1x | Financials | |
| HTO Hellenic Telecommunications Organization | €16.93 | 3.9% +€251.7m | 13.1% | PE15.1x | Telecom | |
| CREDIA CrediaBank | €1.59 | 9.9% +€233.0m | -99.8% | PB3x | Financials | |
| OPAP Organization of Football Prognostics | €19.34 | 3.0% +€204.4m | 20.9% | PE13.9x | Consumer Discretionary |
